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Published online by Cambridge University Press: 18 August 2016
In a note to his paper on "the Approximate Valuation of Endowment Assurances" (J.I.A. Vol.XLVIII, p. 32) Mr Elderton suggested that it might be possible to approximate to the true net premium reserves by accumulating the premium at interest only without having any direct regard to mortality, and I have made an attempt in this paper to arrive at a suitable method of approximation.