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A Comparison of the Various Methods of Grouping Whole-Life Assurances for Valuation

Published online by Cambridge University Press:  18 August 2016

Duncan C. Fraser
Duncan C. Fraser
Affiliation:
Royal Insurance Company
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Extract

In making a valuation of the ordinary whole-life assurance contracts of a company according to the methods in general use at the present day, there are two separate sets of questions to be considered.

In the first place, the basis of valuation has to be chosen; that is to say, we have to select the table of mortality and the rate of interest which are to be employed. The questions that arise in this connection are of great importance, and for their settlement we have the assistance of the powerful instrument devised by Mr. King—the Model Office and its Valuations by various Tables of Mortality and at various Rates of Interest.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 38 , Issue 5 , July 1904 , pp. 385 - 430
Copyright
Copyright © Institute and Faculty of Actuaries 1904

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References

page 428 note * This method is explained in an actuarial note which follows this discussion.—Ed. J.I.A.