...even the legality, of which could not be maintained. In a paper by Mr. Sheppard Homans, actuary of the Mutual Life Insurance Company of New York, published...settled according to a certain rate of interest, and a certain table of mortality, with a margin or loading added to cover expenses and contingencies. At...

...means of a table representing the rates of mortality and interest actually experienced; and, second, with the amount now reserved as the present value...overpayment or contribution from the policy proper." This formula neglected to provide for charging fot expenses. Mr. Homans at that time found it possible to...

...means of a table representing the rates of mortality and interest actually experienced; and second, with the amount now reserved as the present value...The difference between the sum of his credits and sum of hit debits determines the overpayment or contribution from the policy proper. Die Idee geht,...