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LIFE ASSURANCE. 313
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
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Transcript
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Note: This text has been automatically extracted via Optical Character Recognition (OCR) software. The text has not been manually corrected and should not be relied on to be an accurate representation of the item.
Additionally, when viewing full transcripts, extracted text may not be in the same order as the original document.
. . One Theee That Cannot Appeals Possib...
individuals whose existence will cease in any year , yet it is a more persons during commonl the now y known ensuing alive fact aged year than fift ; and y it -two was also 4 , one formerl that hundred at y the , that at births thirteen and of fift of ten y any thousand will given die
number , although one may die atnine , another or twenty , others at fifty , ninety , or fifteen and thirty-five , the average duration to each would be twenty-five years .
Another word which is puzzling to the uninitiated is " Probabilities . _" Although long , valuable , elaborate works have been interest and
written understand it is to on understand this it , yet word the all as majority the thus princi of p lied les those . of " whose Life Probabilities Assurance " , are do duty cal not - app
culated on the principle that what has once happened will happen tain again number : as a of familiar letters illustration returned to of the this Dead , there -letter was Office last year the writers a
cer-, of sent which to their having destination omitted . the From addresses observations they could oriinall not y of made cours from e be g
curiosity thus , it returned appears . that Year very b nearly also the there same are number nearl are every the year same number of fires in the metropolis y year , ; and , as the undirected very letters y and destruction of life and property are owing to accident and
carelessnessand as these causes are ever at work , it is probable that there " Expectancies will yearl , y " be is a another similar word amount which of accidents when made , etc use . of in Life
Assurance but few are able to define . It may thus be illustrated . who Of any will given die numb at various er of individuals althoug born h collectivel in the same y each year has , and no
more than twenty-five years ages assigned , to him or her , they may upon reaching the different stages of their existence be expected individual to live a
certain of forty- number five has of an years expectancy unless and of diseased a twent half y . and -four As a child and thus a , of an half three years unless of life ; one of twenty , forty-one disease accident ; , to live
its fift actuaries y existence _, years and . be U secretaries pon curtailed a thoroug of by the h knowled large or number ge of of these , may companies princi expect ples devoted , the their tables
to assurance of some form or other are able to arrange culate of premiums how , much ( as seen certain in their arl prospectuses payments , ) or and premiums are enabled will to come
calannuit to in so they many can years afford at to a ye ive given y the interest parties , who and may the have exact taken sum out or
y g reckoned a policy of at assurance three at cent their and offices sometimes . The premiums four and are five generall per cent y per
, per for that an average current annum all these , . expenses of Upon twent calculations y of - this five management per is require p cent laced yearl a , hi etc a g y . further h as order It security need per of hardl scientific from centage y losses be , know added upon and
wider ledge and range ability of intellectual ; and that attainments there are few than occup that of ations an actuary requiring . As a
Life Assurance. 313
LIFE ASSURANCE . 313
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Citation
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English Woman’s Journal (1858-1864), Jan. 1, 1859, page 313, in the Nineteenth-Century Serials Edition (2008; 2018) ncse.ac.uk/periodicals/ewj/issues/ewj_01011859/page/25/
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