Posted on July 20, 2013July 20, 2013
A statement of expected mortality rates based upon data accumulated in 1868 from a large number of insured persons. This table was widely used by life insurers until the 1950s to establish rates.
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The amount payable to a living insured at the end of an endowment period, or to the owner of a Whole Life policy if he lives past a certain age.