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... 03056785 is the premium for the assurance on the joint lives, and agrees both with the above result and with Mr. Milne. But Mr. Milne, instead of -01672251, has (p. 361) •015714, differing materially from the truth. The reason is, as those who are...

Commutation tables for joint annuities and survivorship assurances - Page lv
by David Chisholm - 1858
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Tables Deduced from the Mortality Experience of Life Assurance Companies

Institute of Actuaries (Great Britain) - Annuities - 1872 - 374 pages

...to three decimal places only. It is, however, now well enough under stood that such annuity values " are not sufficiently exact for survivorship questions, the results of which depend on the differences of nearly equal annuities"* ; and therefore it was determined that the annuity values...

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