I have repeatedly remarked that before there can be any application of actuarialprinciples, and before computations can be commenced, there must be an estimateof the amount of yearly instalments of claims that will in the future be made by themembers upon the funds. The only basis for such an… … This diagram is presented forthe lesson that may be learnedfrom it. It suited the purpose forwhich this table was con-structed to reproduce the actualexperience, however erratic, andno criticism is intended when Isay that it would be unsuited asa basis for the estimate offuture claims, or for the…
Life insurance · Fraternal organizations
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