OCR Text |
Show AS ACTUARIES MSASURE LIFE. Allow for Mora Yean Than-the Biblical Bibli-cal Estimate. Actuaries employed by insurance companies adopt a standard method of computing prospective ages ot risks. To ascertain how many yoars a person ot given age Is ordinarily expected to live, the present ago la deducted from eighty, and two-thirds of the remainder will Indicate the likely future span of life. Actuarial schedules are a unit In this system of calculation. In Illustration ot tho above statement: Aje twenty deducted de-ducted from eighty years shows that forty twelTemonths are the allotment, wIiIIh age sixty from eighty, leaving balance of twenty, represents that thirteen years and three months should. In favorable routine, elapse before the Insured InYldldual's life Is claesllicil in the past tense column. Thus It will be, observed that Insurance Insur-ance corporations go the Ulbllcul allowance al-lowance of "threescore and ten" ten )ears better. |