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On the Valuation of Policies of Assurance (Concluded from page 267)

Published online by Cambridge University Press:  18 August 2016

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Extract

The premium paid on a policy of assurance is divisible into two parts—the first, or net premium, representing the annual contribution absolutely necessary, on a calculation of averages, to provide a stipulated sum on death; and the second being an arranged contribution towards the expenses of the Office.

Type
Research Article
Information
Journal of the Institute of Actuaries , Volume 10 , Issue 6 , January 1863 , pp. 322 - 326
Copyright
Copyright © Institute and Faculty of Actuaries 1863

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