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Life Agent's Aid, for the Use of the Agents of the Union Mutual Life Insurance Company - Softcover

Henry Worthington Smith

 
9780265755105: Life Agent's Aid, for the Use of the Agents of the Union Mutual Life Insurance Company

Synopsis

This book provides an overview of life insurance from the perspective of the actuary, typically a mathematician who calculates risk and uncertainty. It explores the fundamental principles of mutual life assurance societies, particularly the use of the doctrine of chances. The author discusses the historical development of life assurance, from its early days to the present day, and examines the complex calculations and assumptions that underpin the industry. The book also evaluates the various systems for distributing surplus funds among policyholders, highlighting the contribution plan as the most equitable approach. The author delves into the intricacies of life insurance, using straightforward language and illustrative examples to explain complex concepts. This book's insights are invaluable for anyone seeking a deeper understanding of the actuarial science behind life insurance.

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