Scottish Bankers' Mortality and Marriage Experience, 1923–1943

Synopsis

The results of an investigation into the Mortality and Marriage Experience of the five Scottish Banks whose head offices are in Edinburgh during the period of 1923-1943 are presented. The general lines of the investigation follow those adopted by Mr. Fraser in his similar investigation for the period 1903-1923.

The rates of mortality and marriage have been taken out separately for bachelors and widowers, and rates of mortality separately for married men, wives and widows. The relative ages of husband and wife at marriage have also been examined. Comparisons are made between the rates of mortality and marriage shown in the period 1923-1943 with those given by Mr. Fraser for the period 1903-1923. To ascertain the financial effects of the new rates of mortality and marriage, monetary functions required in the valuation of widows' funds by the reversionary method of valuation have been calculated at 3% interest. These monetary functions have been compared with the equivalent functions deduced by Mr. Fraser for the 1903-1923 period. Finally, a valuation of one of the widows' funds concerned has been made at 3% interest, using Mr. Fraser's tables and also the tables based on the 1923-1943 experience.