OCR Text |
Show riQUHINO CHANCES ON LITE. Actuaries employed by insurance companies com-panies adopt a standard method of computing com-puting prospective ages of risks. To ascertain as-certain how many years a person of given age is ordinarily expected to live the present age is deduced from eighty, and two-thirds of the remainder will indicate in-dicate the likely future span of life. Actuarial Ac-tuarial schedules are a unit In this system sys-tem of calculation. In illustration of the above statement: Age, 20. deducted deduct-ed from 80 years, shows that forty twelvemonths are the allotment, while age 60 from 8Q, leaving a balance of 20, represents that thirteen years and three months should, in favorable routine, elapse before the insured individual's life is classified in the past-tense column. col-umn. Thus it be observed that insurance insur-ance corporations go the Biblical allow, anee of "three score and ten" ten years better. |