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The effect of a change in the interest rate on life assurance premiums

Published online by Cambridge University Press:  18 August 2016

R. E. White  and
B. T. Holmes
R. E. White
Affiliation:
Confederation Life Association
B. T. Holmes
Affiliation:
Confederation Life Association
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Extract

The recent paper by Dr Hagstroem (J.I.A. Vol. LXX, p. 119) directs attention to the very closely related subject of the effect on life assurance premiums of changes in the rate of interest. Some four years ago, in the course of an address before the American Life Convention, Mr V. R. Smith studied the relationship of the interest rate to life assurance premiums from a different angle. This note is an attempt to develop the mathematical theory underlying Mr Smith's method and to present some results on the basis of the A 1924–29 Table.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 70 , Issue 3 , April 1940 , pp. 380 - 390
Copyright
Copyright © Institute and Faculty of Actuaries 1939

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