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Double Endowment Assurances

Published online by Cambridge University Press:  27 November 2014

D. C. Fraser
D. C. Fraser*
Affiliation:
Liverpool Actuarial Students' Society
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Extract

(i) The characteristic feature of Double Endowment Assurances is that for a given term of years the annual premium is almost independent of the age, provided the age at maturity does not exceed a certain limit. If we assume it to be precisely true that the annual premium is independent of the age, it follows that the premium must be identical with that for a Capital Redemption Policy for the same term of years and assuring an amount equal to the Double Endowment.

Type
Papers
Information
Journal of the Staple Inn Actuarial Society , Volume 1 , Issue 2 , 1912 , pp. 7 - 16
Copyright
Copyright © Institute of Actuaries Students' Society 1912

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