A Practical Introduction to Life and Fire Assurance, Showing the Method of Calculating the Value of Annuities, Reversions, Assurances, Policies, ... Digest of the Distinctive Features of - Hardcover

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Excerpt from A Practical Introduction to Life and Fire Assurance, Showing the Method of Calculating the Value of Annuities, Reversions, Assurances, Policies, Bonuses, &C., With Numerous Useful Tables: Together With a Comprehensive Digest of the Distinctive Features of the Assurance Offices, and Also a Description of Fire Risks, With the Rates of Premium Demanded Therefor

The Science of Life Annuities has been fully and elaborately treated by several eminent mathematicians, who have established and developed its principles by a series of algebraic demonstrations. This process of analysis is the only method by which the rules and formulae of the science can be ascertained and demonstrated, and on which its practical application must ultimately rest. Works on the doctrine of annuities, however, being necessarily of so technical and abstruse a character, possess few or no attractions except to actuaries, or to the comparatively few who may entertain a predilection for such enquiry. To the far greater number of readers, who are not sufficiently initiated in the knowledge of algebra, they are almost wholly useless. With the view, therefore, of bringing the subject within the reach of such as may desire to be acquainted with merely the practical rules and calculations of the science, and in the hope that it may, in some slight measure, contribute to disseminate a knowledge of this subject, which, from the immense increase of assurances within late years, has already assumed an appear ance of great national importance, the following volume has been com piled. How far the task, which has been one chiefly of selection and adaptation, has been successful, it is not for the Author to decide.

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