20

7.58

45

10.84

TO

60.19

21

7.63

46

11.23

71

65.69

22

7.68

47

11.65

72

71.59

23

7.73

48

12.14

73

77.84

24

7.78

49

12.72

74

84.49

25

7.83

50

13.38

75

91.62

26

7.89

Si

14.12

76

99.33

27

7.96

52

14.94

77

107.83

28

8.02

53

15.86

78

117.31

29

8.10

54

16.89

79

127.90

30

8.18

55

18.03

80

140.26

31

8.26

56

19.31

Si

153.98

32

8.36

57

20.71

82

169.22

33

8.46

58

22.27

83

185.98

34

8.57

59

24.00

84

205.20

It

8.69
8.82

60
61

25.92
28.04

85
86

228.69
257.94

37

8.97

62

30.38

87

294.19

38

9.13

63

32.95

88

336.59

39

9.31

64

35.80

89

384.33

40

9.51

65

38.96

90

441.31

9.72

66

42.43

516.96

42

9.95

67

46.26

92

615.79

43

10.21

68

50.49

93

712.79

44

10.51

69

55.11

94

832.18

95

970.87

NET  SINGLE  PREMIUM  FOR  WHOLE  LIFE  INSURANCE: — We  are
now  better  prepared  to  consider  the  calculations  for  insurance  for
the  whole  of  life.  We  again  assume  the  age  of  the  insured  as  50
at  the  time  the  insurance  begins.  Turning  to  the  mortality  table
we  see  that  of  69,804  persons  aged  50,  962  will  die  in  the  first  year
following,  1,001  will  die  in  the  second  year,  1,044  in  the  third  year,
and  so  on,  the  last  three  dying  in  the  46th  year.  If  the  69,804
persons  each  take  out  $1  insurance  for  life,  the  company  will  in
the  long  run  pay  out  just  $69,804,  but  not  all  at  once.  It  will
be  liable  to  pay  out  $962  at  the  end  of  one  year  from  now,  an
additional  $1,001  a  year  later,  $1,044  two  years  later,  and  so  on.
22  NOTES   ON   LIFE   INSURANCE.
