British Offices Life Tables, 1893: An Account of the Principles and Methods Adopted in the Compilation of the Data, the Graduation of the Experience and the Construction of Deduced Tables. Assured Lives and Life Annuitants. Prepared and Published on the Authority and Under the Superintendence of the Institute of Actuaries and the Faculty of Actuaries in Scotland |
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British Offices Life Tables, 1893 Institute of Actuaries (Great Britain),Edinbu Faculty of Actuaries in Scotland No preview available - 2019 |
British Offices Life Tables, 1893 Institute of Actuaries (Great Britain),Edinbu Faculty of Actuaries in Scotland No preview available - 2019 |
Common terms and phrases
Abstract of Data age at date Age at Entry age at purchase age attained Aggregate Tables anniversary in 1893 ANNUITANT EXPERIENCE annuity values Appendix ASSURANCE EXPERIENCE cards marked class of assurance column Combined Annuities commencing duration curtate duration date of assurance date of birth date of entry date of exit date of purchase Day and Month deduced Deviation employed Endowment Assurances entered Entry Age entry under observation Enumerating cards error excluded exposed to risk Faculty of Actuaries Female Lives formula fractional duration given graduated included Institute of Actuaries Male Annuitants Male Lives METHODS ADOPTED mode of exit MODIFIED NEAREST DURATION Month of Entry Mortality Table nearest age Nearest Duration Method numbers exposed Offices Old Annuities period of risk policy anniversary policy-year Premiums representing respect Section Select and Aggregate Select Tables Surname tabular age tabular duration tabulated total number truncated Table Whole-Life Assurances Whole-Life Participating Assurance x]+t ΙΟ
Popular passages
Page 125 - ... also the sum of the accumulated deviations. Three trial graduations of the male table were made, for assumed values of log c equal to .040, .038, and .036; and the final value adopted was .038 as giving on the whole the most practical results, while following closely the ungraduated facts. An arbitrary adjustment was made in one of the constants, so as to make the male annuitants...
Page 155 - ... 157, Mr. Hardy, the graduator, says : " Speaking generally, it may be said that the effect of selection upon the constant a is much the greater for the first two or three years after entry, but is somewhat rapidly exhausted, not being very important after the fifth year. The effect on the constant /? is, however, much more durable, and has by no means worn off at the end of ten years.
Page 149 - ... by a double frequency curve connecting the two tables. As it was necessary to abandon or modify Makeham's formula the only object in view was to obtain a perfectly smooth curve for the OM Table, and to represent as nearly as possible the ungraduated facts.
Page 82 - ... are to be treated as terminated as of the date of conversion, and their subsequent history ignored, unless restored, in which case the general rule, given in the next paragraph, will apply. When policies have lapsed and have been restored within six months, the lapse is to be ignored and the policy treated as if there had been no break in the continuity of the risk. In other cases the policy is to be treated as lapsed and the restoration is to be ignored, except in cases running on term extension...
Page 37 - The curtate duration, or the duration at the commencement of the policy year of death.
Page vi - Council desire to place on record their high appreciation of the manner in which...