Abstract
THERE has lately been a movement among insurance companies in various parts of the world to combine with ordinary life insurance benefits dependent upon sickness, so that in the event of incapacity no premiums are payable, and sometimes an annuity is received. This movement has led to the mathematical investigation of the underlying principles, and the subject has proved attractive to one or two writers, owing, perhaps, to its complexity, for it is necessary to deal with the probabilities of death, sickness (permanent and temporary), and recovery, all of which vary with the age and occupation of the life assured, as well as with the time that has elapsed since the person was medically examined for insurance. M. Richard, in his recent publication, evolves the formula? that might be used, and gives specimen tables to enable us to form an idea of how the premiums mifrht be calculated, although, as he points out, we have not sufficient statistical data to enable us to use his formulae satisfactorily.
Étude sur l'Assurance complémentaire de l'Assurance sur la vie. Avec de nombreux développements sur les Assurances contre la Maladie et l'Invalidité.
By P. J. Richard. Pp. iv + 118. (Paris: A. Hermann et Fils, 1911.) Price 3.50 francs.
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Étude sur l'Assurance complémentaire de l'Assurance sur la vie Avec de nombreux développements sur les Assurances contre la Maladie et l'Invalidité. Nature 86, 413 (1911). https://doi.org/10.1038/086413b0
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DOI: https://doi.org/10.1038/086413b0