A Series of Tables of Annuities and Assurances Calculated from a New Rate of Mortality Amongst Assured Lives: with Examples |
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Common terms and phrases
Actuaries aged 97 amongst assured lives Annual Annual Single Annual Premium required Annual Single Premium Annuities and Assurances ANNUITIES-JOINT LIVES Assurance Office ASSURANCES-SINGLE LIVES average duration Benjamin Gompertz Carlisle column headed combined experience Compound Interest ditto ditto Equitable EXAMPLE exceeding 100 experience of various expiration females given age given rate Griffith Davies headed Single Insurance Company Irish Joint Lives according last survivor law of mortality mium mortality amongst assured multiplied number living number of deaths Older opposite to ages paid POLICIES-PREPARATORY TABLE Preparatory Table present age present value proba probability of surviving quantity in column rate of interest rate of mortality rate per cent received reckoning interest reference to Table Required the value required to secure rience rule secure a Sum Shewing the Single Shewing the Values shewn Single and Annual Single Premium Prem Sum payable Table 12 VALUATION OF POLICIES-PREPARATORY Values of Annuities various Life Offices versus Younger
Popular passages
Page 4 - Nor is it to be concluded, that a disorder with which a person is afflicted, before he effects an insurance on his life, is a disorder tending to shorten life...
Page 6 - In an insurance upon the life of another, the life insured, if applied to for information, is, in giving such information, impliedly the Agent of the party insuring, who is bound by his statements, and must suffer if they are false, although he is unacquainted with the life insured, and the servant of the Insurance Office undertakes to do all that is required by his Office.
Page 7 - That in all cases where the insured hath interest in such life or lives, event or events, no greater sum shall be recovered or received from the insurer or insurers than the amount or value of the interest of the insured in such life or lives, or other event or events : IV.
Page 2 - ... 3 per cent. ? 4£ per cent. ? 5 per cent. ? 6 per cent. ? 7 per cent. ? 7£ per cent. ? 8 per cent.?
Page 7 - ... it appear that the disorder was of such a character as to prevent the party from being conscious of what had happened to him while suffering under it.
Page 5 - The representation was repeated by A. in March, and the insurance was effected in April, 1823. Between December, 1822, and March, 1823, she had been ill with a pulmonary attack, and was attended by B. ; but no disclosure of these circumstances was made to the insurers. In April, 1824, she died of a pulmonary disease...
Page xxviii - Your petitioners therefore humbly pray that your honourable House will be pleased to \ take the subject into consideration, and to adopt such measures as may be calculated to give greater freedom to foreign commerce, and thereby to increase the resources of the state.
Page 6 - III. c. 48, by section 1 enacts, "that no insurance shall be made on lives, or any other event, wherein the person for whose benefit the policy shall be made shall have no interest ; and that every...
Page xxi - ... as far as it goes, it is a counterpoise) existing in the alteration of the value of money. Assuming the necessity of calculating upon a rate of interest something less than that which can actually be attained, I should think that no office would be justified in supposing more than 3 per cent., with tables which are sufficiently high to come any ways near to the actual experience of mortality. With regard to one point, and that of fundamental importance, namely, the possibility of a still further...
Page 2 - M. (whither she went a lew days before, in order to be examined by a surgeon, and to get a certificate from him of good health, preparatory to making the insurance) down to that time, and her apprehensions that she could not live ten days longer, by which time the policy was to be returned, are admissible in evidence to...