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A Comparison of various Methods of Graduation of a Mortality Table considered in reference to the Valuation of the Liability of an Average Life Office under its Assurance Contracts. Part II

Published online by Cambridge University Press:  18 August 2016

William Sutton
William Sutton*
Affiliation:
Registry of Friendly Societies
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Extract

In the first part of this paper, it has been shown to what extent the reserve under a single policy is affected by various methods of graduating the mortality experience on which such reserve is based. We will now endeavour to obtain some notion of the financial effect upon the total reserve made by an office at a periodic valuation of its liabilities.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 20 , Issue 3 , April 1877 , pp. 192 - 215
Copyright
Copyright © Institute and Faculty of Actuaries 1878

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References

page 192 note * It seems desirable to point out that this is a mistake. The 17 Offices' Experience was taken out before the Institute was founded, and several actuaries took part in it who never joined the Institute.—Ed. J.I.A.

page 195 note * The remaining office having amalgamated with another office, there was no return available.

page 203 note * The sums here deducted are those relating to offices which did not furnish particulars as to the number of policies in force.

page 212 note * On the assumption that the lives existing 31 Dec. 1863, and entering between ages 20-29, 30-39, 40-49, 50 and upwards, assure for sums in the ratio of 80·42, 98·47, 118·61, 130·00, and 130·00 respectively.