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Development of industrial assurance
MORTALITY AND FINANCIAL
5 other sections not shown
actuarial age at entry allow amount annual premium annuity fund arise assets assumed assurance and annuity assurance contracts assured lives benefits bonus loading bonus reserve valuation bonuses business strain calculated cash classes of assurance contributions deduction deferred annuities distribution duration effect employees endowment assurances equity expected death strain experience extra premium extra risk factors Finance Act 1956 formula free reserves future gross premium gross premium valuation group pension income tax increase industrial assurance initial expenses investment margin mortality table net premium valuation non-participating normal office premiums option paid-up policy payable payment percentage period policy-values policyholders practice premium rates premium scales premium valuation profits rate of bonus rate of interest rate of mortality reduced reversionary bonus system securities single premium sum assured surplus surrender value temporary assurance term assurances tion uniform reversionary bonus United Kingdom usually valuation basis valuation date valuation liability whole-life assurances