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Widows' Funds: the Valuation of a Widow's Annuity
Published online by Cambridge University Press: 07 November 2014
Extract
The Liabilities of a Widows' Fund in respect of Annuities to Widows of members may, for the purpose of actuarial valuation, be divided into two classes:—First, the liability relating to annuities which are actually payable to the widows of former members; and Second, that for annuities which may become payable on the deaths of existing members.
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- Copyright © Institute and Faculty of Actuaries 1905