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Journal of the Institute of Actuaries, Vol. 50 (Classic Reprint)




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Excerpt from Journal of the Institute of Actuaries, Vol. 50 1. The papers of Mr. Lidstone on the valuation of Endowment Assurances (J. I. A., vol. xxxiv, p. 61, and xxxviii, p. 1) are well-known, and Mr. Ackland has extended the investigation to the case of Joint Endowment Assurances J. La., vol. xxxviii, p. 61). The following investigation into the applicability of a similar method to Double Endowment Assurances may, therefore, be of interest. Mr. Lidstone´s investigation is so complete and has been so fully tested in practice that the simplest method of investigation has been to compare Double Endowment functions with those for Endowment Assurances, and draw conclusions from the established properties of the latter. 2. The error when a Double Endowment business is valued by Mr. Lidstone´s method (taking r=c)can be readily estimated in particular cases from Table A appended. 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.


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