Measurement of Risk in Life Insurance

By Bruce D. Mudgett.

Sections in Chapter 11.

• The Theory of Probability
• The Laws of Probability
• The Use of This Theory to Forecast Future Events
• Accuracy of the Theory of Probabilities - The Law of Average
• The Measurement of Mortality - Mortality Tables
• Sources of Mortality Tables
• Objection to Tables Based on Population Data
• Description of a Mortality Table
• Construction of the Mortality Table
• Kinds of Tables and Important Tables Used in the United States
• Application of the Theory of Probabilities to the Mortality Table