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On the Rates of Premium required to provide certain Periodical Returns to the Assured

Published online by Cambridge University Press:  18 August 2016

Robert Tucker
Robert Tucker*
Affiliation:
Esq., Actuary to the Pelican Life Insurance Company, and one of the Vice- Presidents of the Institute of Actuaries
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Extract

A well-known contributor to the Assurance Magazine has drawn attention, at pp. 167 and 168 of the Number for April, 1859, to “the incongruity existing between the rates of premium charged at certain ages on bonus policies, and the benefits to which they entitle the holder.”

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 9 , Issue 5 , April 1861 , pp. 245 - 259
Copyright
Copyright © Institute and Faculty of Actuaries 1861

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References

page 245 note * See that gentleman's paper on the determination and distribution of surplus, vol. i., p. 161; also his paper on the conditions which give rise to surplus in Life Assurance Companies, and on the amount of return or “bonus” which such conditions justify, vol. ii., p. 333.

page 258 note * See, however, the remarks on this subject at page 163 of the paper in vol. i., already referred to.