Life Contingencies

Published in 1932, this is the third edition of an original 1922 volume. The 1922 volume was, in turn, created as the replacement for the Institute of Actuaries Textbook, Part Three, which was the foremost source of knowledge on the subject of life contingencies for over 35 years. Assuming a high level of mathematical knowledge on the part of the reader, it was aimed chiefly at actuarial students and those with a professional interest in the relationship between statistics and mortality. Highly organised and containing numerous mathematical formulae, this book will remain of value to anyone with an interest in risk calculation and the development of the insurance industry.Part I: 1. The mortality table - mortality tables constructed from population statistics; 2. Mortality tables constructed from life assurance statistics - select life tables; 3. Single-life annuities and assurances. Annual premiums; 4. Relation between assurances and annuities. Premium conversion tables; 5. Varying single-life annuities and assurances. Office premiums and special classes of assurances; 6. Values of single-life policies subject to annual premiums; 7. Single-life annuities and premiums payable more frequently than once a year. Values of single-life policies subject to premiums payable more frequently than once a year; 8. Single-life assurances payable at any other moment than at the end of the year of death; 9. Complete single-life annuities; 10. Life office valuations; 11. Mathematical representation of the law of mortality: Compertz's and Makeham's laws; 12. Statistical applications of the mortality table; Part II: 13. Joint-life and survivorship probabilities; 14. Contingent probabilities; 15. Joint-life annuities. Annuities payable until the death of the last survivor of two or more lives; 16. Joint-life and last-survivor assurances. Complete joint-life and last-survivor annuities; 17. Contingent assurances; 18. Reversionary annuities; 19. Compound survivorship annuities and assurances; Part III: 20. Constructions of tables; 21. Tables involving two or more causes of decrement; Tables.