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On the Law of the Ages at which Life Insurances are effected

Published online by Cambridge University Press:  18 August 2016

S. C. Chandler Jr.
S. C. Chandler Jr.*
Affiliation:
Continental Life Insurance Company, of New York
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Extract

If a classification be made of any considerable number of life policies according to age at issue, a cursory inspection will show that the numbers at the different ages are not fortuitous, but are subject to some unknown, though plainly marked, mathematical relation; and the amenity of the results to law will be more evident as the number of policies employed in the classification is larger, and the effect of merely accidental fluctuations is consequently more nearly eliminated.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 17 , Issue 1 , April 1872 , pp. 56 - 63
Copyright
Copyright © Institute and Faculty of Actuaries 1873

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References

page 62 note * Ages of the United States volunteer soldiery. Statistical Bureau, United States Sanitary Commission. New York, 1866.