H. —8

22

FOURTH SCHEDULE.

TABLE I.—ORDINARY WHOLE-LIFE.—SPECIMEN RESERVES.

Valuation of Endowment Assurances, comprising nearly 34 per cent, of the total sum assured. Every policy was separately valued as at the next renewal date, assuming the next premium just due and unpaid. The premium valued was the net premium that would have been charged if the policy had been renewable yearly. The valuation formula used was Ab+m : i-» I 0-~^a x+n: t-n-l ])■ The valuation age, x+ n, was obtained by deducting the year of birth from 1894. The unexpired term, t— n, was obtained by subtracting 1894 from the year of maturity, and adding that fraction of a year corresponding to the premiums falling due between 31st December and the anniversary of the policy. The following table will show the amount reserved on endowment assurances for every £100 of sum assured : —

TABLE III.—ENDOWMENT ASSURANCES.—SPECIMEN RESERVES.

J sS Duration of Policy. of 8JYears. 9£ Years. 10J Years. 15J Years. 20£ Years. ■§ $ Year. 1$ Years. 2J Years. 3J Years. 4J Years. 5§ Years. 6J Years. 7J Years, 15 20 25 30 35 40 45 50 55 60 6.5 70 75 0-942 0-979 I-I54 1-353 1-605 1-934 2-367 2-885 3-592 4-478 5-582 7-227 9-052 1-766 1-652 2-015 2-357 2'822 3-420 4-193 5-O73 6-242 7-6O7 g-igi n-575 I3-495 2-574 2-331 2-903 3-392 4-063 4-960 6-046 7-310 8-918 10-716 12-803 15783 17-829 3'34 J 3-042 3-808 4-456 5336 6-549 7-924 9-585 11-612 13-806 16-445 19-798 22-064 4-050 3-795 4-73O 5-555 6-640 8-179 9-834 11-892 14-327 16-877 20-091 23-602 26-222 4718 4-592 5-669 6-682 7-986 9-844 11-780 14-227 17-040 19-932 23-725 27-263 5-365 5-423 6-629 7-8 3 6 9-380 11-530 13-768 16-585 I9-757 22-993 27-298 30-817 6-020 6-281 7-618 9-014 10-826 13-240 15-800 18-965 22-457 26-056 30-759 34-283 6-702 7-154 8-637 10-221 I2-3I6 I4-975 17-867 21-363 25-I4I 29-144 34-060 37-67I 7-428 8-044 9-687 11-459 13-846 16-739 19-963 23-779 27-808 32-237 37-188 40-996 8-194 8-949 10-765 12735 15-407 18-537 22-084 26-193 30-463 35-3I7 40-197 12-387 13-869 16-552 J9773 23-565 28-053 32-954 38-I35 43-825 49-287 17-121 I9-454 23-284 27-509 32-493 38-089 43-802 50-023 55-957 15 20 25 30 35 40 45 50 55 60 65 70 75

III10. III20. III35. Age at Entry. Duration. Duration. Duration. Age at Entry. 1 Year. 9 Years. lYear. 5 Years. 10 Years. 19 Years. lYear. 5 Years. 10 Years. 20 Years. 15 20 25 3O 35 40 45 50 55 60 8-296 8-094 8-091 8-050 8-023 7-967 7-950 7-834 7-741 7-566 87-924 87-812 87-789 87731 87-664 87-581 87-43I 87-207 86-844 86-241 3'4J3 3-i79 3-197 3-172 3-I75 3-178 3-249 3-277 18-052 17-290 17-410 17-285 17-211 I7-349 I7-358 I7-553 39'439 38'934 38-899 38-678 38-612 38-545 38'39§ 38'359 g2 f6o5 92-508 92-462 92-385 92-284 92-138 91-896 91-519 1-535 1-306 1-364 1-393 1-485 7-762 6-999 7-323 7H77 7-859 16-136 15-666 15-992 16-313 17-205 39'243 38-809 39-175 39-652 40-651 15 20 25 30 35 40 45 50 55 tio