Actuarial Society of America, Vol. 13 PDF Download

Author: Actuarial Society of America
Publisher: Forgotten Books
ISBN: 9780243334643
Category : Reference
Languages : en
Pages : 416

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Book Description
Excerpt from Actuarial Society of America, Vol. 13: Transactions, 1912, Nos 47. 48, With Index We might expect this relative mortality because the older a policy is when it lapses the further away from medical selection it is, and therefore a higher mortality might be expected. At the same time, too, the older a policy is when it lapses, the older the insured is, and it has been found in most experiences that however much below the American Table the whole experience may be the actual mortality comes nearer to the expected mortality at the older ages than at the younger. The experience here seems identical with that of the Mutual Benefit which was presented to the Society by Mr. Rhodes in a paper appearing in Volume X of the Transactions. In Table II the experience has been classified by the years of duration of the extended insurance. That is, we have taken the experience during the first year of the extended insurance by itself, as we also have taken the experience of each other year of duration of this class of insurance. In examining this table we are immediately struck by the abnormal losses during the first year of the extension. Out of a total amount of actual losses in the whole experience of nearly one-half occurred during the first year of the extended in surance, giving a ratio of actual to expected losses of 187 per cent. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.