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Paid-up Policies and Surrender Value

Published online by Cambridge University Press:  07 November 2014

Alfred Ernest Sprague
Alfred Ernest Sprague
Affiliation:
Edinburgh Life Assurance Company
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Extract

The principles upon which surrender values should be calculated are discussed at length in papers by Mr. Macfadyen (J. I. A., xvii, 381); Mr. Crisford (J. I. A., xxi, 301); and Mr. Fulford (J. I. A., xxxv, 199), but none of the methods proposed appear entirely satisfactory in practice, and I have therefore attempted to devise a scheme which shall not only give results in reasonable accordance with strict theory, but also prove simple and easily worked in its practical application.

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Other
Information
Transactions of the Faculty of Actuaries , Volume 3 , 1907 , pp. 201 - 284
Copyright
Copyright © Institute and Faculty of Actuaries 1907

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References

page 275 note * We understand that the author of the paper is giving consideration to this point.—ED.

page 281 note * A demonstration similar to that on p. 238 was given by Mr. H. W. Brown in his paper (1899) on the Valuation of Special Class Policies (Transactions of the Actuarial Society of Edinburgh, Vol. iv. No. 12). A similar demonstration will also be found in an unsigned review (1904), J. I. A., xxxviii. 375.—ED.