On Extra Risks in relation to Double Endowment Assurances

Extract

There appears to be a very general belief that every life may be accepted under the Double Endowment Assurance Table at the same rate, provided the term is fixed. One office, at least, grants such assurances without medical examination; another has accepted publicans under this table without the usual trade extra; and medical officers have been known to recommend acceptance at tabular rates for a Double Endowment after having declined the life out-right for an ordinary Endowment Assurance. It may be useful, perhaps, to ascertain how far this practice is justified by theory; and it is hoped, therefore, that a short note on the subject may not be without interest.