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On certain Methods of dividing the Surplus among the Assured in a Life Assurance Company; and on the Rates of Premium that should be charged to render them equitable

Published online by Cambridge University Press:  18 August 2016

T. B. Sprague*
Affiliation:
St. John’s College, Cambridge

Extract

The subject of the division of surplus in a Life Assurance Company is one that cannot fail to be interesting to all who are engaged in the business of life assurance, as well as to the public at large; and while there is so great a diversity as at present exists in the methods of division in use, it must be useful occasionally to draw attention to it, as a means of inviting discussion and the interchange of opinions. This must be my apology for bringing before this Society this evening a subject which has more than once been discussed here; for I can scarcely hope to lay before you in my remarks much that has the merit of novelty, on a matter that has occupied the attention of the most eminent men in our profession.

Type
Other
Copyright
Copyright © Institute and Faculty of Actuaries 1857

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References

page 65 note * I take the rate of interest at 4 generally realized by Insurance Companies on the bulk of their investments. I should have preferred using the Experience Table of Mortality, but have not access to any tables on the Experience 4 per Cent. basis which contain the M and R columns.