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The British Offices Life Tables, 1893. Memorandum on the Graduation of the Whole-Life Without-Profit Mortality Table—Male Lives

Published online by Cambridge University Press:  18 August 2016

George Francis Hardy
George Francis Hardy
Affiliation:
Institute of Actuaries
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Extract

1. At the request of the Committee, I undertook to consider the graduation of the Whole-Life Without-Profit Experience, and I now have the pleasure to submit the result of my investigation.

2. In the graduation of this experience, it has been borne in mind that the main practical purpose to which the table will be put will be the calculation of premiums, rather than the determination of reserves. It is most important, therefore, that the graduation should not under-estimate the mortality, and, consequently, the premiums.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 38 , Issue 5 , July 1904 , pp. 501 - 532
Copyright
Copyright © Institute and Faculty of Actuaries 1904

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