This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...policy years thus begin and end with the middle of the calendar year, while the average birthday is assumed to be at the middle of the initial year, the general assumptions being similar to those made in forming the Institute of Actuaries' Table. The office age at entry was "nearest" birthday; and the entry ages were ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1919 Excerpt: ...policy years thus begin and end with the middle of the calendar year, while the average birthday is assumed to be at the middle of the initial year, the general assumptions being similar to those made in forming the Institute of Actuaries' Table. The office age at entry was "nearest" birthday; and the entry ages were diminished by % for the period of exposure in the year of entry, i. e., as if the ages were changed from the middle to the beginning of the calendar year of duration. The average age at entry was 35.23 years, and the mean duration of the policies was 4.36 years. The mortality was investigated by lives, but the principal tables were based upon amounts insured and claims, with slight adjustments towards the extremes of the table. The rate of financial loss was greater than the rate of mortality, showing that the claim rate was higher amongst policies of large amount. The effect of medical selection was stated to disappear within 2 years. At ages under 45, the mortality of females was found to exceed that of males, indeed the excess from ages 20 to 35 was over 35%; from the age of 45 to 65 the order is reversed, though by a much smaller difference relatively, and again at the older ages (ages 67 to 95 inclusive) the mortality amongst females exceeds that amongst males. System and Tables of Life Insurance by Levi W. Meech. As 549,418 of the policies were existing at the close of observations, the record ceased before the real experience had developed. Had the investigations been deferred 15 or 20 years many more policies would have passed to their termination. The defect from having so many existing at the close of the observations was approximately supplied by assuming the existing to be carried forward until they should pass out of obse...
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Seller's Description:
Good. Dust jacket missing. Shelf and handling wear to cover and binding, with general signs of previous use. Faded cover at back. Ex-libris and owner's name at front endpapers. Secure packaging for safe delivery.