Reports to the Board of Directors of the Mutual Benefit Life Insurance Company
Reports to the Board of Directors of the Mutual Benefit Life Insurance Company
Amzi Dodd, Mutual Benefit Life Insurance Company
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. 22.2 . . . 24.0 1879 . . . . 20.9 . . . . 19.0 . . . 20.6 1881 .. . . 19.3 . . . . 17.4 1872 . . .. 25.3 .. .. 3I.I .. . . 33.8 Life 10 Premiums . ....35 • 1877 . . 1879 . . . . 19.2 .. .. 17.2 .. . . 19.4 . . .. 15.3 .. .. 21.5 .. 17.3 1881 .. .. 15.3 .. • • • .. 13.5 Endowments 20 Years — ...35 ■ ' 1861 . . 1871 .. 1877 . . . 45.5 .. . 27.1 .. . 19.8 . . .. 65.5 .. .. 34.1 .. . . 19.9 . . .. 69.3 . . 36.8 . . 22.0 1881 .. . 16.0 . . .. 14.I Endowments 1 1872 . . . . 23.1 .. . 31.6 .. . . 34....9 10 Years ...35- 1878 . . . . 14.8 .. . 15.2 .. .. 17.6 1881 ... . II.4 .. . . . 10.6 Paid-up policies will receive about one-third less dividend according to the New Basis than according to the Old Scale. At the risk of wearying patience and perplexing Digitized by Google 11 the subject with details, I must advert to the fact that in computing diyidends, a distinction is made between policies issued under old premium rates and those issued under the revised rates adopted in 1870. For those issued under the revised rates, we calculate the surplus on each policy for itself, applying the assumptions mentioned above — that is to say, the policies issued in the same year, under the ordinary life table, do not all receive exactly the same percentage for their dividends, whereas all policies issued under the old life table do.
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