British Offices Life Tables 1893 An Account of the Principles And Methods Ado
British Offices Life Tables 1893 An Account of the Principles And Methods Ado
Institute of Actuaries (Great Britain)
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At the same time, it appeared impracticable to publish, still more so to use, tables tracing the effect of selection for a greater period than ten years, and inconvenient to do so for longer than five or six years. This difficulty was overcome by replacing the aggregate mortality table, into which the select tables would otherwise have been merged at a given period from entry, by a Jiypothetical table, giving expectations of life and annuity values as nearly as possible in agreement with the va...lues of these functions according to the ungraduated select tables five years after entry. This course had the advantages (i) that the values of the annuities accord^mg to the proposed table would accurately represent the values of annuities five years after entry, so far as they can be ascertained from the data ; (2) they could be safely and conveniently employed for the valuation of annuities of more than five years from entry ; and (3) as already stated, they would lead to the true annuity values at the date of entry.
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