MORTUARY EXPERIENCE k . .*• L . * OF <, ■ The Mutual Benefit Life Insurance Company, Newark, N. J. * :1 845 — 1 8/9. Y E WAR K, N. J., June i, 1879. Bloomfield J. Miller, Esq., Actuary Mutual Benefit Life Insurance Company: Sir—You are hereby requested to collate the Mortuary Statistics of the Company in a suitable form for publication. I am of the opinion that the results of the Company’s experience during the past thirty-four years cannot fail to throw much light upon matters of almost vital consequence to the safe conduct of the business ; and I would particularly call your attention to the following points : 1st. It is claimed by many that Life Insurance Companies are exposed to a special risk arising from the discontinuance or surrender of Policies at the option of the insured, it being asserted that the lives having the highest degree of vitality are in the main those which withdraw from the Company. Does it appear that this Company has suffered from this cause ; and if so, to what extent ? 2d. Does the Company’s experience confirm the prevailing opinion that the issue of “Term” Policies is unprofitable and injudicious? 3d. What was the result of the Company’s experience and practice on “ war risks,” during the late war ? I desire special reference paid to the above points ; but I also wish the Company’s experi- ence presented in such other form as may seem to you best for examination and general review. Yours truly, LEWIS C. GROVER, President. 5 Newark, N. j., October i, 1880. Lewis C. Grover, Esq., President of The Mutual Benefit Life Insurance Company : Sir—In pursuance of your Letter of Instructions, dated June 1, 1879, I have the honor to submit the following results of my examination into the Company’s Mortuary Experience from the date of its organization to the close of the calendar year 1879. The accompanying tables and charts will be found to require but little explanation ; but in order that their value should be fully appreciated, it is important that the system and principles which have been adopted in the investigation should be clearly stated The facts in to each policy that had ever paid a premium were written upon a separate card, of which the following is a sample : No. of) Policy, ( “2’°43- Amount of Policy, I $5,000. In 1867 reduced to $1,500. Day. Month. Year. Date of Issue 15 I 1S64 Date of Exit 26 IO 1869 Age at Issue 28 Age January 1, 1865 29 Mode of Exit Death. 6 Where more than one policy had been issued upon the same life, the respective cards were gathered together and confined by an elastic band. The card representing the original policy was placed on top, and on' the back of each subsequent card the numbers of all preceding issues were written in proper order. This precaution made it easy to avoid errors that were likely to arise from the accidental separation of the cards. Each of these groups of cards was treated as one policy, issued at the original date ; but the variation in the amount insured from year to year was accurately noted in presenting the Company’s Loss Experience. The cards were arranged according to the years of issue of the original policies, and the experience on each group was made up for each succeeding calendar year. Where a life was not exposed to risk for the entire year, it was counted at its fractional value. During the first year of insurance the duration of the risk averages a little under half a year ; so that the lives actually exposed represent a little less than half as many full years of life. With the exception of a few policies issued at the inception of the Company, no risks have been taken upon female lives ; and no risks have been taken except on presumably healthy lives. The ability of a Life Insurance Company to fulfil its policy obligations depends chiefly upon the adequacy of its Premium Rates and the maintenance of a proper Reserve Fund. Both of these matters are governed primarily by the Table of Mortality which may be adopted as a standard. The more nearly the Standard Table conforms to the Company’s actual experience, after the elimination of any specially disturbing factors, the greater will be the reliance that may be placed upon it as a safe index of the future death-rate. An established Life Insurance Company should be able to carry out all existing contracts, even if the issue of all new Policies should be entirely suspended ; and it is therefore important that the Standard Table should indicate as high a rate of mortality as may be expected even under the most unfavorable circum- stances. The usual theory is, that the Standard Table should give the true death-rate at all ages for unselected lives belonging to the class usually seeking insurance, and that as the Company 7 can, by the rejection of all undesirable candidates, be sure that any discrepancy between the assumed and actual death-rates will be in its favor, the variation can be adjusted in the yearly dividends. There are, however, as you say, some who’ hold that, owing to the constant withdrawal from the Company of presumably healthy lives, the death-rate among old members will gradually exceed the normal rate among unselected lives; and that the Company should reserve the profits arising from the original favorable selection, to meet the losses arising from the subsequent adverse selection. As directed, I have paid special attention to the Evidences of Selection, and present the following facts for your consideration. Table II. shows the Company’s General Experience, according to age of the insured at time of exposure to risk. Table IV. gives the experience during the first and second years of membership only, during which period the benefits of favorable selection are the most apparent. Table V. gives the experience, excluding the first fifteen years of membership. If adverse selection is to be feared at all, we should look for strong indications of it in this division of the Company’s Experience, covering, as it does, 58,896 years of life and 1,356 deaths, the years of membership ranging from the 16th to the 35th, inclusive. Table VI. shows the death-rate for each age according to each of the foregoing observations, and also the death-rate according to the most approved Tables of Mortality. The Company’s Experience at separate ages exhibits marked irregularities, owing to the small number of lives under observation, and a careful adjustment is therefore necessary to a proper understanding of its import. The rates given in Table VI. are the result of such an adjustment. They may be relied upon as a faithful expression of the Company’s Experience. The formula made use of in securing a satisfactory result was 8 dx * — = a + bq lx 1 where x signifies the age at exposure, and a, b, and q are constants suited to the occasion. In the adjustment of Table II.,a= .005829, b= .000034487, and the logarithm of q = .045. In the adjustment of Table IV. the values were : a — .005152, b = .000020537, logarithm of q = .046. In the adjustment of Table V. the values were : a = .006740, b — .000034982 ; logarithm of q = .045. Chart A presents to the eye what Table VI. presents to the mind, and gives the readiest means of comparing the various observations. It will be noticed that each of the curves representing the Company’s Experience is more nearly in accord with the line representing the American Experience Table than with either the Old or New Actuaries’ Table; and the correspondence is indeed so close, that if we were to frame a Standard Table from our own experience, we would not be justified in any material variation from the American Table. I have, therefore, adopted the American Table as the best available index of the death-rate upon unselected American lives of the class usually seeking insurance. After the elimination of disturbing factors, the line representing the Company’s Experience should be nearly parallel with the standard line and within a reasonable distance of it, other- wise the correctness of the Standard will be open to suspicion. The lines representing the Company’s Experience on both old and young business are so nearly parallel with the Standard f line that they afford a strong confirmation of its accuracy. The death-rate during the first two years of membership is, of course, much below the Standard ; but the death-rate on old business, where the benefits of selection must have nearly disappeared, corresponds so closely with the American Experience, that it seems reasonable to believe that if all benefits of selection 9 had vanished, the Company’s Experience would have been practically identical with the Standard. This argument is based upon the assumption that there is no element of adverse selection in the business. The assumption is not altogether warranted ; but I expect to show hereafter that the influence of adverse selection is not sufficiently strong or constant to invalidate the conclusion. The line representing the Company’s General Experience is disproportionately low at the younger ages; but this is plainly owing to the fact that at those ages the experience is limited to the earlier years of membership. By comparing the actual deaths during different years of membership, with the computed number, according to the American Experience Table, much light is thrown upon the ques- tion of selection. Table VII. and Chart B show that during the first year of insurance the actual deaths are but 60 per cent, of the computed deaths. The ratio rapidly increases to 86 per cent., and continues at that point from the fourth to the fifteenth year of membership. The ratio then rises by successive steps until in the twenty- fourth year it reaches 104 per cent., which is the maximum. The ratio then diminishes until in the thirty-fifth year it is but 76 per cent. If the ratio rose gradually to 100 per cent., and then continued at that point, we could safely conclude that there was no element of adverse selection, but that the increase was simply occasioned by the dying out of the original favorable selection, owing to the simple lapse of time. Such a result would be expected even if there were no voluntary withdrawals from the Company. Two elements enter into the original selection. The physical examina- tion insures the freedom from developed disease tending to speedy death, and the rejection of all applicants whose antecedents are unfavorable to longevity exerts another and more lasting influence upon the death-rate. The physical examination has the most powerful influence while it lasts, but of necessity dies out in a few years. Even the inherited tendency to longevity IO must die out when the older ages of life are reached ; and it would not be at all a cause for surprise, if after the lapse of twenty-five years all of the benefits of the original selection were found to have vanished. It is probable, however, that the observed increase in the ratio of 0 actual to computed deaths during the first twenty-five years is partly owing to an adverse selec- tion caused by the withdrawal of risks of more than an average vitality ; but admitting this to be the case, we have still to account for the reappearance of a favorable selection during the later years of membership'. This fresh accession of vitality cannot be attributed to chance, as a similar phenomenon is apparent in the experience of The Mutual Life Insurance Company of New York, and in the combined experience of the English Companies, upon which the New Actuaries’ Table of Mortality is based. The falling off in the ratio of actual to computed deaths noticeable in tire business, can only be attributed to a tendency to withdraw from the Company on the part of members who have passed the productive period of life without having accumulated sufficient to provide for their support in their old age. It is not unnatural to expect a lower degree of vitality among the old that have worn themselves out in the struggle of life, and find themselves at the end of their resources, than in the more successful class that have achieved a compe- tency and can pursue the journey of life free from exposure to the mental 'and physical ills which follow in the train of hopeless poverty. The experience of the English Companies shows that the withdrawals at the younger ages of life tend strongly to raise the death-rate even in the later years of membership ; and there is no doubt that voluntary withdrawals at all ages exert an unfavorable influence during the earlier years of membership, and that withdrawals at the younger ages are injurious to the Company even in the later years of membership. In support of this statement I give the following table, based upon the experience of the English Companies, and extracted from a paper by Mr. T. B. Sprague in the Journal of the Institute of Actuaries for April, 1870. i r Present Ages. Years of Insurance. Number at Risk. Actual Deaths. Probable Deaths. Per- centage Present Ages. Years of Insurance. Number at Risk. Actual Deaths. Probable Deaths. Per- centage. r O 8,814. 24 66.97 35-8 r O 759-5 7 • 28.24 24.8 I 12,857.5 76 97.89 77.6 1 1,652.5 38 61.73 61.6 2, 3 13,698.5 97 104.57 92.8 2 i,795-5 48 66.53 72.I iu O £ 4 3,124.5 29 23.89 121.4 3-5 5,897- 215 219.64 97-9 J 1 5,6 2,858.5 31 21.80 142.2 6-11 13,168.5 495 493-24 100.4 l 7-10 1,217. 15 9-34 160.6 6; 12-15 9,142.5 354 343-02 103.2 w J 16-21 11,720.5 463 440.95 105.0 22-25 6,698. 257 252.17 101.9 26-31 6,70.5- 258 253-74 101.7 0 12,510. 66 111.58 59.2 32-end. 3,239-5 123 124.71 98.6 1 23,480.5 141 209.50 67-3 31 2 2I,583.5 164 192.49 85.2 to - 3 19,333-5 169 172.56 97-9 35 4-7 56,488.5 505 505.28 99.9 8-11 24,229.5 2.37 217.86 108.8 . 0 80. 1 6.23 16.1 1 l 12-20 5,607.5 60 50.82 118.1 1 188. 12 14.98 80.1 2,3 420. 30 33-38 89.9 7i 4,5 573-5 45 45-19 99-6 to ■] 6-9 1,707. 137 135-27 101.3 0 6,925. 29 78.13 37-i 75 10-17 4,692.5 397 376.75 105.4 1 13,904. 110 156.85 70.1 18-21 2,699.5 229 217.02 105-5 2 i3,6i9-5 138 153-29 90.0 22—32 5,998. 499 484.80 102.9 4i 3 13,172. 141 148.42 95.0 33-end. 2,654. 198 216.78 9i-3 to -j 4-7 ■ 49,349-5 556 557-34 99.8 45 8-12 48,833.5 58i 552.51 105.2 13-15 18,948.5 229 215-23 106.4 16-19 12,863.5 182 147.08 123.7 20-30 4,247-5 64 49.19 130.1 tn 0 63,644-5 290 687.91 42.2 iao 1 116,565. 891 1,310.63 68.0 < 2 103,312.5 1,028 1,208.71 85.0 3-5 252,291.5 3,177 3,2i3-78 98.86 0 2,832. 23 53- 53 43-0 O 6-10 288,416. 4,5i5 4,389.88 102.85 1 5,896. 56 hi.55 50.2 Os n-15 170,529. 3,589 3,347-24 107.22 2 5,959- 92 112.65 81.7 U* 16-20 96,560. 2,614 2,514.69 103.95 C T 3 6,015. 104 114.07 91.2 s 21-25 52,939-5 1,877 1,818.28 103.23 J 1 4-6 18,004.5 323 342.o8 94-4 5 26-30 26,232.5 1,210 1,180.11 102.53 c c 7-10 23,104-5 428 439-17 97-5 m 31-63 18,468. 1,250 1,228.77 101.73 J J 11—14 21,280. 430 404.35 106.3 15-18 17,338. 354 330.73 107.0 19-22 12,765.5 271 244.61 110.8 23-40 10,834. 221 210.52 105.0 Note.—“ Probable Deaths ” computed according to “ Old ” Actuaries Table. 12 It will be seen that the English Companies have suffered from withdrawals to a far greater extent than has The Mutual Benefit; for within the first ten years of membership the total deaths rise to 103 per cent, of the computed number by the Old Actuaries’ Table of Mortality, and that they continue above the Standard ever after. From the 11th to the 15th year of member- ship, the actual deaths are 7 per cent, above the Standard, and would be found considerably more above the computed number according to the American Experience Table. The ratio is diminished during the later years of membership, but is still far higher than according to The Mutual Benefit’s Experience. Our experience is not large enough to admit of so minute division as that of the English Companies ; but in order to see if the falling off in the ratio during the later years of membership in our Company followed the same general law, I have divided the last ten years of membership (26th to 35th) into young and old lives, all ages above age 60 being included in the latter class. I find that in the younger class the actual deaths were 11 5, or 106 per cent, of the computed number 108. In the older class the actual deaths were 325, or 89 per cent, of the computed number 364. This supports the general rule above stated, that withdrawals at the younger ages effect an adverse selection even during the later years of membership. It is, however, important to note that the injurious effect of withdrawals has been so slight in our experience that it would hardly have been suspected if it had not been for the experience of the English Companies. I think it not too much to say, that what slight traces of adverse selection are noticeable at the younger ages in our experience are met and neutralized by a favorable selection from the same cause at the higher ages. There seems to be no reason to apprehend any evil results in the future from adverse selection, so long as The Mutual Benefit retains the confidence of its members. I have no doubt, however, that in a Company whose solvency has become impaired, the adverse selection would be far more noticeable, owing to the fact that the best lives would be specially tempted 13 to transfer their insurance to other Companies; while the worst lives would have no such resource open to them, and would have to cling to their Policies, notwithstanding their doubts as to the stability of the Company. I have said that the traces of adverse selection in The Mutual Benefit are so slight as to be hardly noticeable. Tables IX. and XI. will strongly confirm this opinion. In Table IX. the Company’s Experience is separated into different groups in accordance with the years of issue of its Policies. It will be noticed that among the lives insured between the years 1845 and 1854, inclusive, there have occurred to date 1,838 deaths, while the computed deaths, according to the American Experience Table, are 1,871. Among the lives insured between the years 1855 and 1864, the actual deaths to date have been 2,043, whereas the computed deaths are 2,411. In the first case the percentage of Actual to Probable Deaths is 98.2 per cent. In the second case 84.7 per cent. If there was any important element of adverse selection in the business, these percentages could hardly fail to be much higher. The rather high rate noticed in the first group may be attributed to a somewhat unfavorable experience in the early years of the Company’s history (See Table XIV.), instead of to an adverse selection in later years. Table X. shows the Company’s Experience upon Paid-up Policies for reduced amounts allowed as surrender values for discontinued Policies. If it were true that members discon- tinuing their insurance have a more than average degree of vitality, we should expect to find the losses occurring under Paid-up Policies correspondingly light when compared with the Company’s General Experience. At first sight this would seem to be the case, for the total number of deaths occurring under this class of risks appears to be but 70.5 per cent, of the computed number. It should, however, be borne in mind, that many of the Company’s Policies have become converted by non-payment of premiums into Paid-up Insurance for reduced amounts without the surrender of the original, or the issue of new Policies. It is not unlikely that in many of these cases the Policies have become mislaid or have been regarded 14 as valueless, and deaths occurring under them have not been reported to the Company. It is even likely that where new Paid-up Policies for small amounts have been issued in exchange for Surrendered Policies on which but few premiums have been paid, that some deaths have occurred which have not been reported. The smaller the amount of the Paid-up Policy and the fewer the number of premiums which have been paid on the original Policy, the greater is the probabilty of the Company not being notified of the death. In Table XI. will be found the Company’s Experience on Paid-up Insurances, excluding all cases where less than three premiums have been paid on the original Policy. This division omits those cases where there is the greatest probability of a death occurring without its being reported to the Company. We now find that the Actual Deaths are 273, against 333 Probable Deaths, or 82 per cent. This rate differs but little from the Company’s General Experience for the same years of membership (4th to 35th), the Actual Deaths being 5,653, against 6,441 Probable Deaths, or 88 per cent. The Paid-up Experience is more favorable by 6 per cent., but the difference is no more than might result from the occasional failure of the parties interested to report a loss to the Company ; and in excluding that part of the Paid-up Experience which would be most likely to ♦ # cover such cases of oversight, there is no reason to suppose that the disturbing cause would be entirely eliminated. In making up the statistics for Paid-up Policies, all insurances of less than $100 were excluded, as such cases were regarded as specially liable to become claims without being reported to the Company. A careful examination of Table XI. will not justify the conclusion that the average vitality among members surrendering their Policies for Paid-up Insurances of reduced amounts, is appreciably higher than among those members who have kept their insurance in force for the full amounts. • 15 Since it does not appear that the death-rate has been appreciably higher than the Standard, even where the conditions of the business offer the greatest warrant for such an expectation, I think it safe to conclude that the Company’s Experience has not been in- fluenced by adverse selection to an extent calling for any special attention or precautionary measures. Tables XII. and XIII. show the Company’s Experience upon Term Policies. These Policies were issued for terms ranging from one to seven years. The death-rate has been considerably above the Standard, and compares very unfavorably with the Company’s Ex- perience on ordinary Policies. The facts offer abundant reason for the Company’s action, some years since, discontinuing the issue of Policies of this class. In compiling the statistics on Term Policies as above given, all cases involving a special war risk were excluded. This was a necessary precaution, for during the late war a considerable number of risks were taken upon parties entering into active service, and in most cases the Policies were issued for three years at regular term rates, supplemented by an extra annual premium equal to 5 per cent, of the amount of the Policy. The deaths under this class of risks were naturally much in excess of the computed number ; and as this excess had no direct connection with the fact that the Policies were issued on the Term Plan, but arose from other and special causes, it was necessary to exclude these cases from' statistics bearing simply upon Term Policies as such. The number of deaths reported under Term Policies issued in connection with Special War Permits was 39. The probable number by the American Experience Table was 8. The ratio of Actual to Probable Deaths was 4.87. The extra premium of 5 per cent, of the amount insured was on the average equal to about five times the tabular cost of insurance, and the Company was therefore prepared for 16 about six times the tabular death-rate. The close correspondence betweeen the extra premium charged and the ascertained value of the extra risk, affords gratifying proof of the correctness of the Company’s practice in these cases. The tables not heretofore referred to require but little'comment. Table I. is elementary, and gives the Company’s Experience at each age, subdivided into years of membership. It is the basis of most of the subsequent tables, and is in the most con- venient form for general actuarial use. This table, however, has one interesting feature for the general observer. If read down- wards diagonally to the right, it gives the yearly record of the same group of lives, and approximately the number of risks terminated from year to year, by causes other than death. For example, under age 40, 2d year of membership, the years of life are 2,018 and the deaths are 9. Under age 41, 3d year of membership, covering the same group of lives, the years of life are but 1,777, showing that during the 2d year of membership about 232 risks were terminated from causes other than death. Tables III. and VIII. are merely summaries of Tables II. and VII., presenting the same facts in five-year groups. In these groups the unadjusted ratios will be found substantially in accord with the adjusted experience as shown by Charts A and B. Table XV. has no special scientific value, but is not without interest as indicating the general correspondence between the Company’s Experience and the American Experience Table, and also as affording some indication of the comparative healthfulness of different years. Trusting that you will find the points referred to in your letter satisfactorily covered by the foregoing observations and accompanying Charts and Tables, I am, Very respectfully, yours, BLOOMFIELD J. MILLER, • Acticary. TABLE I. Mortuary Experience of The Mutual Benefit Life Insurance Company from 1845 to 1879 inclusive, showing YEARS OF LIFE and ACTUAL DEATHS at each age, for each year of Membership. CURRENT AGE OF INSURED. YEAR OF MEMBER- 1 1 12 13 14 1 5 SHIP. Years of Deaths. Years of Deaths. Years of Deaths. Years of Deaths. Years of Deaths. Life. Life. Life. . Life. Life. 1st •3 1.9 21.9 21.6 2d • • . • .... 1.0 . . 16.8 . • • 33-3 I 3d .... • • • • 1.0 15.0 4th • •7 CURRENT AGE OF INSURED. YEAR OF MEMBER- 1 6 1 7 1 8 1 9 20 SHIP. Years of Deaths. Years of Deaths. Years of Deaths. Years of Deaths. Years of Deaths. Life. Life. Life. Life. Life. ISt 32.0 63.8 97-9 146.4 I 271.1 2 2d 49-0 67.8 135-0 I 196.9 2 300.7 4 3d 28.5 38.5 I 58.1 112. I I 155.2 4 4th 13.8 25.O I 31.2 55-2 IOO.7 1 5th .... 13.O 23.2 28.5 50.8 • . 6th , .... .... 11.5 20.4 I 24-3 7th ...» • • • • . , . . • • 9.9 I 18.7 . , 8 th .... .... . . .... 9.0 • . TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- 21 22 23 24 25 SHIP. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 421.6 5 582.2 4 745-4 4 869.3 4 970.5 8 2d 589.I 5 842.2 5 1,120.6 IO 1,410.7 2 1,625.8 15 3d 249.8 5 486.5 1 715-3 6 919-5 11 1,187-5 6 4th I37.I .. 220.6 2 440.8 2 644-5 5 823.8 6 5 th 97.0 • . 127.0 1 199-3 409-3 1 576.4 3 6th 48.8 1 84.8 1 n 1.7 3 184.4 375-5 1 7 th 21. I 1 45-7 79.2 96.3 1 i65-7 2 8th I7.I 19.0 1 40.7 70.4 86.5 9th 9.0 15-0 15-9 37-6 62.7 ioth .... 8-7 14.2 17.0 31.0 nth .... 8.0 13.0 16.0 12th .... .... 7.0 13.0 13th .... .... • • • • .... 7.0 CURRENT AGE OF INSURED. YEAR OF i MEMBER- 26 27 28 29 30 SHIP. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. 1st 1,131-7 7 1,197-5 12 1,221. I 4 1,286.7 7 1,418.1 2 2d 1,744-2 15 2,061.5 IO 2,200.7 13 2,217.4 9 2,353-9 • 12 3d 1,379-3 12 1,483.5 5 1,766,2 19 1,918.8 12 1,914.0 16 4th 1,061.6 14 1,250.6 12 1,362.4 7 1,601.8 11 1,738.1 8 5 th 753-o 6 967.8 .8 1,140.2 8 1,236.8 11 1,446.7 6 6th 518.4 6 676.3 3 887.4 3 I,Ol8.8 11 1,115.8 6 7 th 342.0 2 469.8 2 603.6 4 8lO. 5 6 921.5 11 8 th 151-6 2 304.8 3 426.1 1 55i-9 4 756.3 4 9th 78.7 139-3 2 278. I 1 389-2 1 510.3 2 ioth 59-5 63.8 128.4 3 252.1 1 355-7 2 11th 30.9 57-i 1 55-4 115.2 2 226.9 12 th 15.0 * # 26.1 51.0 48.9 104.7 2 13th 12.0 12.0 18.0 41.7 1 38.5 14th 6.0 9.0 n.0 15.0 34-5 2 15th .... 5-9 7.8 10.0 11.0 16th .... ,. .... 6.0 5.0 6.0 17th .... • . .... ... 4.0 2.0 18th — .... — 4.0 TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- 31 32 33 34 35 SHIP. Years • of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years • of Life. Deaths. ISt 1,317-0 6 1,413-4 7 1,380.6 2 1,317-5 4 1,288.5 9 2d 2,443-0 13 2,437-8 17 2,497-8 18 2,461.6 17 2,469.8 18 3d 2,038.2 10 2,146.9 11 2,1 IO.I • 15 2,190.6 19 2,136.9 20 4th i,737-7 10 1,856.0 20 1,944.3 7 1,927-3 11 2,006.2 20 5 th 1,534-0 14 1,610.4 14 1,681.7 i5 1,788.5 15 1,767.0 16 6th i,345.i 13 1,411.7 IO 1,441.1 . i5 1,537-2 11 1,645.8 10 7th 1,021.5 9 1,232.4 9 1,314.4 12 1,318.3 8 1,419-6 7 8 th 846.1 10 948.9 3 * 1,148.7 8 1,213.2 13 1,228.0 11 9th 674.3 6 778.2 10 885.2 4 1,060.3 3 1,127.2 11 loth 456.6 4 623.2 4 706.2 8 8i3-4 3 970.8 12 nth 320.3 4 405.5 5 542.4 2 643-4 5 726.8 9 12 th 195-5 4 280.3 2 361.8 1 486.5 3 567.6 2 13th 77.8 2 154.4 1 231.9 290.3 3 392.4 2 14th 29-5 59-5 1 119-3 1 190.1 244.O 1 15th. 26.1 26.0 43-8 9i-5 2 143-1 1 16th 8.0 20.0 15.2 27.4 73-2 17th 3-6 6.0 8.0 , 10.0 16.7 1 18th 2.0 3-0 6.0 4.0 6.0 19th 2.0 2.0 3-0 6.0 4-0 20th 2.0 2.0 3-0 1 4.2 1 21 st 2.0 2.0 2.0 22d .... • • . • 2.0 2.0 23d . .... • . • • .. 2.0 TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- SHIP. 36 37 38 39 40 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 1,216.4 9 1,213.0 5 1,127-3 3 1,076.0 4 1,066.5 6 2d 2,347-5 14 2,265.5 10 2,194.2 11 2,090.7 17 2,017.7 9 3d 2,148.7 11 2,069.2 13 1,962.3 18 1,933-3 11 1,841.6 13 4th 1,956.0 12 1,945-6 12 1,853-1 21 1,795.0 8 1,760.9 18 5 th 1,858.0 l6 i,774-7 11 1,783.2 17 1,700.0 16 1,651.9 11 6th 1,600.2 13 1,732.8 10 1,636.0 17 1,636.2 20 1,554-6 17 7th i,5r3-o 8 i,473-9 17 1,613.8 13 1,527-7 11 1,507.2 12 8th i,323-4 7 i,397-4 12 i,377-2 14 1,499-7 13 1,419-5 10 9th 1,132.4 6 1,226.0 6 1,293.2 10 1,274-4 10 i,399-3 16 ioth 1,044-3 7 1,033-4 5 1,120.5 9 1,226.2 6 1,179.6 13 nth 893.8 6 952-6 8 941.0 2 1,040.0 3 1,109.6 3 12th 654.3 5 785.0 4 857.6 6 844-5 7 931-1 8 13th 481.2 2 557-7 2 688.0 7 731-5 4 722.6 6 14th 328.1 2 409.9 5 489.5 3 606.0 5 625.9 9 15th 198.6 1 275-3 2 321.3 3 413-0 5 497-6 2 16th 101.7 1 154-1 219-5 3 254.8 332-7 2 17th 46.0 69.0 103.0 143-2 192.2 18th 11.6 39-3 60.0 81.0 107.2 3 19th 6.0 11.0 - 35-o 50-7 1 70.4 20th 4-0 6.0 10.9 1 33-9 42.0 21st 4-0 2.0 4.0 8.0 29.0 22d 2.0 3-0 2.0 4.0 7-i 1 23d i-3 2.0 3-0 2.0 4.0 24th 2.0 1.0 2.0 2.2 2.0 25th .... 2.0 1.0 2.0 1.0 26th .... .... 2.0 1.0 2.0 27th .... .... .... 2.0 1.0 28th .... — .... 1.0 TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF 41 42 43 44 45 MEMBER- SHIP. Years of Deaths. Years of Deaths. Years of Deaths. Years of Deaths. Years of Deaths. Life. Life. Life. Life. Life. 1st 934- r • 9 875-5 3 776.7 4 752.2 6 786.O 6 2d 1,877.1 16 I,674.4 16 1,581.1 15 1,443-3 18 1,403.4 7 3d 1,776.8 11 1,642.7 19 1,457-1 10 1,408.3 11 1,284.2 7 4th 1,684.8 7 1,626.8 9 i,4797 15 1,326.0 8 1,286.9 17 5th 1,623.1 10 1,546.2 13 1,496.2 17 1,359-6 20 1,238.2 9 6th U534.9 18 1,482.5 16 1,397-1 10 1,387.6 8 1,257.5 13 7 th U4437 10 1,430.9 13 1,392.2 8 1,300.6 8 1,267.3 11 8th 1,391.0 12 1,343-1 16 1,343-1 11 1,282.3 12 1,227.8 10 9 th 1,3307 7 1,303.9 8 1,263.4 13 1,247.6 13 1,202.3 16 ioth 1,307.6 11 1,229.4 8 1,222.3 5 1,75.1 13 1,164.6 13 nth 1,091.2 13 1,222.1 13 1,161.8 9 1,125.3 12 1,097.9 19 12 th 1,008.2 13 986.5 8 1,123.3 10 1,061.9 10 1,020. I 13 13 th 802.5 4 871.2 2 879.1 8 981.1 9 907.5 9 14th 626.8 7 707.2 7 7857 11 745-8 7 8647 5 15 th 531.4 4 5I9-I 4 600.3 4 635-8 10 621.0 7 16th 396.8 4 '410.6 4 424.4 2 476.4 6 506.6 2 17 th 227.4 3 273.4 265.2 3 298.7 4 334-2 3 18th 145-0 1 184.2 3 208.1 1 206.5 3 230.9 3 19th 84.5 1 119.8 155-1 3 181.2 185.8 5 20th 69.0 75-8 2 103.4 2 134-5 2 l64.9 1 21 st 36.5 60.1 1 62.5 85.0 2 IO9.O . . 22d 22.0 28.7 1 49.0 45-6 71.2 1 23d 5-0 177 26.0 42.4 1 41.3 24th 3-0 3-0 15-9 24.0 38.1 25 th 2.0 3-o 3-0 1 14.4 18.7 1 26th i-5 1 1.0 2.6 2.0 13.0 27 th 2.0 1.0 1.0 3-0 2.0 28 th 1.0 2.0 1.0 1.0 3-0 29th 1.0 1.0 1.0 1.0 30th J .O 1.0 1.0 3lSt 1.0 1.0 32d 1.0 33d .... 1.0 . . TABLE I.—(Continued). YEAR OF MEMBER- SHIP. CURRENT AGE OF INSURED. 46 47 48 49 50 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 660.9 2 597-3 5 538.9 4 464.4 2 469.9 9 2d 1,424.6 8 1,223.4 10 1,103.9 9 980.5 9 905.8 9 3d 1,260.9 7 1,257.2 17 1,093-4 19 993-7 10 855-3 10 4th I,l66.6 12 1,149-9 11 1,140.7 17 1,005.6 ■ 11 9I9.3 15 5th 1,173-2 19 1,077.2 14 1,070.3 10 1,044-8 10 929.I 14 6th 1,129.7 11 1,063.7 9 1,003.8 9 985-3 • 13 962.4 19 7 th 1,169.6 9 1,064.6 8 1,002.8 8 948.3 13 891.3 10 8th 1,192.0 6 1,086.7 11 1,003.8 10 933-7 17 885.3 13 9th 1,161.7 11 1,087.7 8 1,028.6 7 947-9 7 870.0 i7 ioth 1,117.5 8 1,069.9 4 1,049.8 12 961.8 9 8877 11 nth 1,075-3 15 1,041.3 7 988.3 13 987.4 11 875.5 9 12 th 977-7 6 958.2 10 958.1 6 890.7 13 887.0 7 13 th 885.7 7 840.0 12 851.5 5 840.3 9 778.6 8 14th 788.6 10 770.5 7 726.8 10 747-6 6 726.8 8 15 th 716.3 6 643-2 8 645.0 5 608.4 6 610.4 8 16th 513-2 3 577-i 7 509.4 5 509.5 4 484.5 6 17 th 359-4 4 332.3 6 388.1 4 341-9 6 336.4 4 18th 276.3 3 275.8 4 265.0 5 314.6 3 277.2 1 19th 196.9 1 219.1 240.2 2 224.0 5 270.6 3 20th 168.9 177-4 3 202.7 3 222.3 5 206.1 4 21 st 135-7 145-5 150.0 1 174-3 186. i 1 22d 81.8 2 113-1 1 128.9 2 129.5 4 146.9 6 23d 58.5 2 72.3 1 98.9 1 111.1 3 110.0 1 24th 39-o 51.8 69.4 1 88.8 2 105.4 1 25 th . 37-o 1 34-o 47-o 67.7 2 78.4 2 26th 14.2 1 33-o 30.0 1 45-4 2 58.6 1 27 th 11.0 1 12.0 30.8 26.4 1 41.9 1 28th 2.0 9.9 1 9-7 1 28.0 25.0 29th 2.0 2.0 8.0 7.0 3l6 1 30th 1.0 2.0 2.0 6.0 4-9 2 3ISt 1.0 1.0 2.0 2.0 5.0 32d 1.0 .... 1.0 1.0 2.0 33d 1.0 1.0 •3 34th . •4 1.0 • • . * 35th ... .... .... .. TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- SHIP. 51 52 53 54 55 Years of Life. Deaths. Years of Life. Deaths. * Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 394-9 3 3234 4 323-1 2 249.O 3 246.9 3 2d 807.4 11 708.0 6 601.1 6 591.0 6 449-3 4 3d 795-8 10 713-5 8 630.0 14 540.7 3 529.8 9 4th 785-3 1.1 723.I 9 662.6 6 576.1 10 493-8 7 5th 847-5 14 720.1 11 666.8 14 625.8 4 523-7 16 6th 851.6 9 789-5 9 654.6 14 615.6 12 583-4 7 7 th 899.1 9 797-9 12 743-3 8 622.3 5 580.3 1 8th 858.4 7 853.8 9 744-0 11 697.7 7 588.4 10 9th 833-8 14 810.9 7 804.3 17 705.2 8 658.9 4 ioth 810.3 7 778-4 10 768.2 11 748.8 15 658.8 11 nth 814.5 17 750.9 8 717.8 5 690.2 11 686.3 9 12th 793-7 8 717.8 8 659-3 16 640.8 13 609.6 10 13th 748.7 11 696.3 12 622.8 8 565-I 11 542.7 8 14th 670.5 9 647.9 14 585-i 6 540.8 5 486.4 6 15 th 590.6 4 555-2 8 510.8 4 488.2 9 457-9 6 16th 487.2 9 474-0 2 412.8 11 398-8 5 372-5 11 17th 334-2 7 345-2 6 319.6 4 275-3 267.5 4 18th 250.8 1 257-3 3 . 252.1 4 235-2 2 199.9 3 19th 243-7 2 210.7 3 211.2 2 215.2 3 i9i-7 3 20th 243.0 4 218.4 1 189.0 2 188.1 3 195-4 2 21 St 178.9 4 196.5 3 178.1 6 156.7 T 165.9 5 22d 1549 . . 151-2 1 172.0 3 147-5 2 139-5 4 23d 139-9 132.7 1 133-7 3 1564 I 138.2 .. 24th 97-5 4 130.0 1 124.4 3 126.0 2 143-9 5 25 th 100.4 1 88.5 1 122.0 3 116.3 1 117.9 3 26th 68.5 1 ■92.8 3 84.4 2 108.0 3 110.9 2 27 th 55-8 1 64.4 1 85.0 78.3 2 95-6 2 28 th 34-5 53-0 58.2 83.0 70.3 3 29th 22.0 33-o 50-7 1 52.0 72.6 2 30th 27.0 21.1 1 30-7 2 44-3 1 48.3 2 31st 4.0 24.8 1 18.7 1 28.0 1 42.1 32d 5.0 3-o . . 20.0 18.1 1 20.0 33d 1.0 4.0 . . 2.0 17.0 11 -7 34th , . . . 1.0 . . 2.0 2.0 • . 11.0 35th .... .... .. .... TABLE I.—(Continued). YEAR OF MEMBER- SHIP. CURRENT AGE OF INSURED. 56 57 58 59 60 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 21 1.1 4 174.2 3 150.8 2 136.9 I 123.I 2d 442.5 6 360.6 10 308.3 5 263.3 6 241.3 3 3d 391.6 7 388.7 3 319.8 3 284.O 3 241-5 4 4th 495-2 5 359-2 3 353-3 13 286.0 11 257.7 8 5th 456.2 4 455-8 11 334-4 5 325-7 8 264.2 6. 6th 473-6 12 421.1 9 421.4 9 312.6 4 310.2 5 7 th 525-9 8 441.1 6 392-3 8 392-4 13 293.O 5 8th 540.8 9 512.9 8 412.8 7 355-3 8 365-4 7 9th 553-3 7 505-7 15 478.5 13 383-6 14 334-0 8 ioth 610.1 11 529-5 9 465.2 11 440.0 11 347-6 7 nth 6i5-3 13 558.2 11 475-2 8 425-3 9 404.2 9 12 th 614.9 10 . 550.2 8 502.6 7 421.1 7 374-2 14 13th 535-3 10 544-1 7 469.1 13 418.3 17 350.5 7 14th 454-7 12 443-2 10 467.9 7 403.4 6 346.5 13 15 th 387-3 3 364.8 13 340.5 7 374-8 11 302.9 3 16th 365-4 2 296.8 5 282.6 4 245-5 4 278.5 5 17 th 241.0 3 236.8 9 201.8 4 183.8 8 156.4 3 18 th 213.8 3 182.5 4 i75-i 3 152.2 2 I37-I 3 19th 164.6 4 190.1 0 J 157.2 3 158.2 2 H9-7 3 20th 173-4 2 140.0 6 170.6 4 136.5 1 132.0 4 21 st 172.0 1 15 3-1 3 119.2 2 143-8 4 121.2 2 22d 144-9 3 150.7 3 125.8 2 100.7 1 125.8 2 23d 122.2 4 126.9 2 128.3 6 102.0 1 87.9 6 24th 128.5 4 108.6 1 115.0 3 116.7 1 93-6 3 25 th 135-3 2 119.1 1 102.4 2 107.8 114.0 2 26th 109.0 5 123-5 1 110.4 6 95-5 2 102.4 4 27 th 101.2 1 104.0 . . 113.8 4 102.7 1 88.0 2 28 th 89.9 1 92.5 4 98.2 104.9 2 98.8 1 29th 64.6 80.4 2 81.4 4 94-3 2 99.2 3 30th 62.6 2 59.8 1 76.7 1 75-3- 3 85.8 1 31st 39-5 1 55-8 55-2 1 70.0 65.4 1 32d 38.8 1 34-4 1 46.8 1 . 46.5 1 60.5 2 33d 19.0. 32.9 2 27.0 36.9 1 30.5 1 34th 6.0 12.0 18.0 19.0 22.0 35th 2.0 2.2 1 4-0 3-o 4-8 1 TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- 61 62 63 64 65 SHIP. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 83-5 I 64.7 3 62.2 2 65.1 52.6 2d 194.2 3 150.2 I 122.7 4 116.2 I .149-5 5 3d 225.2 2 179.2 2 137.0 3 I IO.4 4 106.8 4 4th 218.2 8 209.2 7 164.3 3 129.8 4 103-3 2 5th 236.I 8 206.4 3 192.6 5 149-0 3 1244 5 6th 242.6 8 218.5 4 189.I 7 176.1 5 142.O 5 7 th 278.9 10 219.5 6 201.8 7 172.8 7 161.8 5 8th 279.4 6 261.6 7 203.5 5 189.4 5 l63-4 8 9th 340.0 9 259-3 7 248.2 8 190.4 6 171.8 5 ioth 310.4 9 313-0 7 238.O 5 222.4 7 172.3 2 nth 316.7 10 280.9 5 286 9 11 206.3 9 204.9 9 12 th 356.8 3 272.I 11 244.6 8 240.0 7 176.I 4 13th 300.0 8 306.1 4 224.2 9 198.9 8 201.4 6 14th 298.2 7 246.9 9 2597 11 182.2 5 167.2 3 15th 266.4 13 233-3 7 191.6 7 205.5 6 148.3 4 16th 234.5 4 201.7 3 182.4 7 139.6 2 156.6 7 17 th I73.I 3 I4I.3 7 133-9 8 107.2 4 87.7 2 18th 115.8 5 119.4 1 97-3 3 97-7 4 79-3 5 19th 116.2 2 92.9 2 89.2 2 77.1 1 84.5 1 20th IO4.8 1 101.9 1 80.1 1 75-9 6 67.6 3 21 st II3-9 .. 90.0 5 81.6 5 66.9 3 57.2 3 22d 105.1 5 101.2 1 67.9 3 69-5 1 58.9 2 23d 111.6 7 95-o 87.2 3 58.5 4 60.8 3 24th 76.8 3 IOI.O 1 857 2 80.1 6 51-7 1 25 th 78.3 5 73.5 3 94-3 4 81.5 4 74-i 4 26th 103.6 2 74.2 0 71.2 1 87.9 3 74.0 2 27 th 98.7 1 96.7 2 64.9 3 67.4 2 84.8 1 28th 82.9 93-3 1 85-9 5 62.0 62.0 1 29th 93-8 .. 76.8 5 86.9 4 79-5 2 56.3 4 30th 90.0 3 . 86.0 4 67.4 3 79.0 3 70.5 7 31st 74-8 3 81.5 1 77.1 2 57-4 3 69-5 1 32d 54-8 1 59-9 3 62.1 . . 63.8 2 41.8 1 33d 39-3 2 41.3 . . 42.6 2 53-8 , . i 52.0 1 34th • 17.0 .. 18.7 1 18.7 • . 19.4 • • 31-7 2 35 th 7.0 4-0 7.0 .. 2.0 8.0 TABLE I.— (.Continued). YEAR OF MEMBER- SHIP. CURRENT AGE OF INSURED. 66 67 68 69 70 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. ISt 2.9 1-4 2d 64.5 2 5-7 I ' 2.4 3d 139-5 4 62.9 I 5-o 2.0 4th 97.7 4 133-2 5 60.6 I 2.1 2.0 5 th 106.2 2 89.0 6 123.8 4 5&3 4 3-0 6th 114.1 4 97-4 2 84.0 3 I 12.2 6 47-4 5 7 th 132.1 6 108.3 5 91.7 4 78.0 3 IO4.4 4 8th i5i-i 8 121.9 4 103.0 4 86.0 6 72.7 7 9th 150.7 7 140.6 7 112.9 5 93-4 1 78.5 7 1 oth 151.8 5 135-0 6 125.9 5 97.1 7 86.7 5 nth 155-8 7 135-8 2 118.3 8 107.9 4 78.7 9 12th 177.2 9 139.2 4 109.8 3 90.8 1 85-5 7 13 th H3-9 0 144-1 5 97-5 8 88.3 5 70.2 14th 164.8 7 111.1 6 117.9 1 80.1 5 61.4 6 15 th 129.2 6 1304 2 86.8 5 96.0 4 62.0 1 16th 111-5 3 95-7 1 83-4 7 59.2 4 73-8 7 17 th 91.7 4 74.0 3 57-7 1 53-7 0 33-4 1 18th 60.0 64.2 2 50.7 4 47-9 1 40.2 1 19th 60.0 1 48.0 49-3 3 44-4 1 39-2 4 20th 68.7 5 52.6 2 • 42.1 3 40.5 4 39-3 2 21 st 61.3 1 57-9 1 45-i 2 34-1 3 30.6 3 22d 46.6 1 50.0 1 43-3 2 37-8 2 25.0 23d 46.3 3 39-i 1 42.6 4 39-3 3 33-6 2 24th 57-i 1 39-i 6 37-2 5 38.4 1 3i-7 3. 25 th 46.4 2 53-3 0 36.2 1 29.0 33-3 1 26th 64.7 4 39-6 5 47-7 4' 33-o 28.7 2 27th 69.6 2 58.9 2 34-5 42.9 3 3°-3 1 28 th 79-9 -■> 64.2 4 54-5 2 33-o 37-6 3 29th 52.6 3 70.6 4 58.3 7 50.5 2 30.8 2 30th 53-7 2 44.0 2 59-9 2 49-4 2 41.6 1 3ist 64.8 2 47.0 40.3 2 49-4 6 39-5 3 32d 58.3 4 50.8 2 40.2 1 27.9 2 34-5 1 33d 33-o .. 44-5 3 41-4 1 27.7 3 19.2 2 34th 26.9 1 28.1 2 29.0 1 24.0 . . 21.0 35th < 9-o • 7-3 1 . 9-o 6.0 6.8 TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- SHIP. 71 1 72 ; 73 74 75 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. 5 th 2.0 6th 3-0 2.0 . . .A * * 7 th 43-6 3 3-o 2.0 8 th 100.0 r D 39-2 5 2-3 2.0 9th 65.4 4 89.7 7 .34-0 5 1.4 • . 2.0 ioth 67.9 1 63.O 82.8 2 30.0 2 1.0 i ith 80.8 7 58.0 1 527 8 73-4 5 22.1 5 12th 59.8 2 60.3 5 45-0 2 36.3 5 60.0 3 13 th 6r.i 4 497 5 33-8 5 32.5 6 25.4 1 14th 5i-5 4 47-9 3 38.9 1 24.8 2 25.6 1 15th ! 4i.3 4 35-o 29.2 1 28.4 2 17.8 16th .45-2 1 27.0 19.2 19.5 2 19.0 17 th 46.9 3 25.8 1 14.0 1 n-5 1 7-4 1 18th 27.1 38.1 2 0 17-4 2 6.2 1 9.0 19th 35-3 1 25-3 2 25.8 4 15.0 5-o 20th 32.7 1 28.4 2 20.2 1 20.4 1 15.0 21 st 32.8 2 26.4 2 22.6 3 18.2 1 17.6 2 22d 24.5 1 25-9 1 20.1 3 18.0 1 14-3 4 23d 21.6 20.7 2 20.2 2 iS-5 2 16.9 1 24th . 30.0 1 19.0 16.4 2 147 6 12.6 2 25 th 30.3 1 26.6 3 .16.6 1 14.6 1 12.0 26th 28.8 6 26.7 3 25.0 13-9 2 12.0 2 27 th 247 3 25.6 1 23-9 1 257 2 11.0 28 th 26.1 4 22.9 2 22.8 1 22.0 2 20.7 2 29 th 3i-3 1 24.8 2 17.2 1 20.6 2 17.8 3 30th 28.6 1 29.4 24.0 17.0 17.9 1 3ISt 36.0 24.6 1 23-9 1 22.3 2 14.0 32d 30.1 .32.3 79-9 1 21.0 i5-i 2 33d 237 3 20.9 2 25-i 2 13.2 19.0 34th •9.0 .. 14.0 14.4 1 16.6 2 7.0 .. 35 th 5-4 1 4.0 4.1 2 3-o 5.6 1 TABLE I.—(Continued). YEAR OF MEMBER- SHIP. CURRENT AGE OF INSURED. 76 77 78 79 80 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. I oth 2.0 nth 1.0 . . 2.0 .... .... • * .... I 2th 13-7 2 1.0 2.0 I3th 48-5 3 9.0 . . 1.0 2.0 I4th 17.0 2 31.2 5 5.2 I 1.0 2.0 I5th 19.0 2 9.6 2 19.2 4 4.0 1.0 16th 11.0 2 I3.I 3 6.7 1 13.0 1.0 17 th 9-7 2 7.2 1 77 1 3-i 6.0 18th 4-7 1 4.6 1 4.2 1 4.0 2.4 I 19th 5-i 1 3-o 3-2 1 4.0 2.0 • • • 20th 3-7 1 5-o • . 2.2 1 2.0 4.0 21 st 10.0 2 4.0 4-4 1 2.0 2.0 22d 13-3 3 8.0 . • 3-3 1 4.0 2.0 23d 10.9 3 11.0 .. 7.6 1 3-o 4-0 24th 15.8 2 9.0 11.1 2 8.0 3-0 25 th 10.0 13-1 2 10.0 9.0 57 26th 10.2 1 10.6 .. 11.0 9.0 7-5 2 27th 9-3 3 6.1 1 9.9 1 90 I 7-9 I 28 th 11.0 8.0 5-5 • 1 9.0 7-i I 29th 17.7 10.0 .. 7-4 1 4.0 8.4 I 30tll 13-9 1 15-7 1 8.7 3 6.0 4.0 3ISt 12.2 5 10.7 2 13-9 1 6.2 2 5-i 32d 14.0 11.0 .. 4.0 1 11.6 3 5.0 33d 11.0 1 11.0 4-3 1 3-o . . 8.9 , . 34th 9.0 6.0 1 7.8 1 2.0 1.9 2 35 th 2.0 2.0 1.0 2.0 .... .. TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- SHIP. 8 1 82 83 84 85 Years of Life. Deaths. Years of Life. Deaths. Years of t-, 1 Tt,„ Deaths, rife. Years of Life. Deaths. Years of Life. Deaths. I5tll 1.0 I 16th .6 I . I I 1 17 th 18th 1.0 19th 1.0 20th 1.9 I 1.0 2 I St 4.0 1.0 •3 I 22d 17 I 4-0 1.0 23d 2.0 1.0 3.8 I 1.0 24th 3-1 2 2.0 1.0 3-o 1.0 25 th 4.0 1 2.0 2.0 .6 I 3-0 26th 5.0 1 1.6 I 2.0 2.0 • . 27th 5-5 2 2.9 2 .8 I 1.0 17 I . 28th 6.9 1 4-5 1 2.0 2.0 29th 5-5 2 5-i 1 2.7 I 2.0 30th 6.0 2.9 2 4-9 17 I 1.0 3ISt 3-6 1 4.0 2.2 5.0 1.0 32d 3-0 3-o 5-0 1.0 47 1 33d 5-o 2.0 2.5 I 4.0 1.0 34th 5.8 1 3-0 2.0 2.0 3-0 35 th •5 1 1.0 • • TABLE I.—(Continued). CURRENT AGE OF INSURED. YEAR OF MEMBER- 86 87 88 89 90 SHIP. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of t- Life> Deaths. Years of Life. Deaths. 25 th • 5 I 26th 2.7 I 27tll 1.8 I 28th 1.0 1.0 29th 2.0 •7 1.0 30tll 2.0 1.0 3ISt .6 I 1.0 32d 1.0 . . 2.0 33d 2.0 3 1.0 1-3 I 34th 35 th 1.0 CURRENT AGE OE INSURED. YEAR OF MEMBER- SHIP. 91 92 93 94 95 Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. Years of Life. Deaths. 3ISt 32d 33d 34th 35 th 1.0 1.0 1.0 I .O TABLE II. Mortuary Experience of The Mutual Benefit Life Insurance Company from 1 845 to 1 879, inclusive, showing Comparative Mortality at different Ages. Age. YeXrs of Life. Amount Insured. Actual Deaths. Probaisle Deaths, American Experience. Actual Loss. Probable Loss, American Experience. RA', Actual to Prob- able Deaths. no. Actual to Prob- able Loss. 12 •3 $ 990 $ .... $ 7 13 2.9 10,580 .02 79 14 39-7 141,710 •30 1,079 15 70.6 227,810 I •54 5,000 1,740 I.851 2.874 16 123-3 358,558 •95 2,745 17 208.1 569,871 2 1.60 13,500 4,383 I.250 3.080 18 356.9 918,581 I 2.76 1,000 7,106 .362 .141 19 569.4 1,506,709 6 4-44 10,100 11,704 i-351 .863 20 930.5 2,530,255 11 7.28 46,575 19,762 1.511 2-357 21 1,590.6 4,378,434 17 12.51 37,567 34,414 1.369 I.092 22 2,431-7 6,806,004 15 19-25 30,800 53,857 ■ 779 .572 23 3,49i-i 10,065,405 : 25 27.90 64,800 80,128 .896 .809 24 4,679.0 13,899,871 24 37-47 69,200 m,34i .641 .622 25 5,941-4 18,068,069 41 47-88 125,600 145,638 .856 .862 26 7,283.9 22,708,488 63 59.22 223,780 184,618 1.064 1.212 27 8,725.0 27,397,449 59 71-54 167,750 224,652 .825 •747 28 10,163.4 32,418,700 63 84.05 197,590 268,080 .750 ■737 29 11,523.8 37,390,625 76 96.10 230,750 3h,857 .791 .740 30 12,958.0 43,073,271 73 109.23 244435 363,099 .668 .672 3i 14,078.3 47,379,467 105 119.83 352,709 403,218 .876 • 875 32 i5,4i7-6 52,189,059 114 132.75 410,205 449,213 .859 •9i3 33 16,445-5 56,085,597 108 143-40 405,833 489,110 • 753 • 830 34 17,384.1 59,812,895 118 153-50 497,925 528,151 .769 ■ 943 35 18,243.8 63,278,780 151 163.28 571,857 566,334 • 925 1.010 36 18,874.5 66,440,766 120 I7I-57 421,100 604,504 ■699 •697 37 19,401.4 68,812,542 123 179.09 476,945 635,260 .687 •751 38 19,700.6 70,491,225 157 185.37 595,490 663,290 .847 .898 39 19,979.0 71,771,434 141 192.33 506,049 688,293 •733 ■ 735 40 20,078.2 72,572,666 159 196.59 609,518 710,563 .809 .858 4i 19,959.6 72,893,717 172 199.82 713,723 729,616 .861 •978 42 19,642.8 72,222,136 166 201.38 722,453 740,299 .824 •976 43 19,277.9 71,540,732 162 202.83 564,229 752,579 •799 -750 44 18,750.2 70,640,393 183 203.07 702,686 765,029 .901 .919 45 18,352.1 69,208,299 178 204.81 698,255 772,286 .869 .904 46 17,799.6 68,186,479 155 205-77 622,813 788,244 •753 •790 47 16,990.1 66,417,345 164 203.88 674,632 797,033 .804 .846 48 16,389.8 64,849,560 170 205.05 732,635 811,238 .829 • 903 49 15,640.9 62,644,549 183 204.85 741,838 821,252 •>93 ■ 903 50 14,835-3 60,171,859 201 204.30 816,450 829,170 .984 •985 5i 13,950.4 57412,592 178 202.85 767,793 830,400 .878 .925 TABLE II.—(Continued). Age. Years of Life. Amount Insured. Actual Deaths. Probable Deaths, American Experience. Actual Loss. Probable Loss, American Experience. RAr' Actual to Prob- able Deaths. no. Actual to Prob- able Loss. 52 13,088.3 $53,897,842 163 201.45 $682,430 $829,442 .809 •823 53 12,160.4 50,485,506 190 198.58 812,586 824,340 •957 .986 54 ii,343-5 47,153,378 150 197-37 653,220 819,401 .760 •797 55 10,511.1 44,050,519 167 195.20 748,62 5 818,029 .856 •915 56 9,7oi.5 40,993,904 l6l 192.91 772,420 814,989 •835 .948 5 7 8,911.4 37,875,879 175 190.15 795,515 808,250 .920 .984 58 8,101.6 34,588,397 168 185.88 797,75Q 793,432 •904 1.005 59 7,318.0 31,305,089 165 180.88 792,208 773,853 .912 1.024 60 6,579.9 28,409,950 148 175.62 583,165 758,271 •843 .769 61 5,828.6 25,205,967 152 168.66 675,815 726,215 .901 •931 62 5,i7i-2 22,179,098 125 161.81 600,279 693,988 •773 .865 63 4,549-8 19,324,049 152 154-45 653,660 655,888 .984 •997 64 3,980.7 16,658,751 128 146.79 616,755 614,209 .872 1.004 65 3,574-8 14,981,699 Il8 143-44 578,975 602,683 • 823 .961 66 3,043-6 12,508,953 116 133-04 444,845 546,776 .872 .814 67 2,584.9 10,558,768 IOI 123.19 399,600 503,125 .820 • 794 68 2,142.0 8,776,139 103 in.39 455,062 456,357 •925 •997 69 1,758.3 7,099,371 86 99-83 ' 354,890 402,968 .861 .881 70 1,422.6 5,757,732 9i 88.20 379,700 355,941 1.032 1.067 7i 1,146.5 4,656,500 63 77-59 242,345 315,058 .812 .769 72 936.2 3,734,0 66 52 69.02 265,600 275,210 •753 •965 73 713-5 2,722,122 53 57-19 213,290 218,316 •927 •977 74 557-7 2,061,178 53 48.52 195,130 l8l,600 1.092 1.074 75 422.8 i,575,44i 3i 39-89 119,560 . 148,673 •777 .804 76 305.7 1,089,580 40 31.28 132,190 . 111,478 1.279 1.186 77 221.9 770,870 19 24-53 49,950 85,605 •775 .584 78 161.3 533,138 28 19.49 110,570 64,414 1-437 1.717 79 120.9 377,675 6 15-93 21,200 49,749 •377 .426 80 90.9 274,585 8 13.12 27,200 39,663 .610 .686 81 67.1 186,965 16 10.65 46,IOO 29,656 1.502 1-555 82 41.1 131,275 8 7.16 19,500 22,880 1.117 .852 83 32.2 117,276 5 6.17 15,000 22,466 .810 .668 84 23-3 77,890 2 4-92 5,000 16,464 .406 .304 85 18.4 58,590 2 4-34 10,000 13,803 .461 .734 86 10.8 36,440 6 2.87 19,000 9,679 2.091 1.963 87 5-5 14,250 2 1.67 4,5oo 4,317 1.198 1.042 88 2.0 5,ooo •69 .... i,733 . • • • 89 3-o 6,000 . ■ 1.19 2,376 * 90 2-3 3,900 1 1.05 3,000 i,773 .952 1.692 9i 2.0 3,ooo 1.06 .... i,597 .... 92 1.0 2,000 •63 .... 1,269 .... 93 1.0 2,000 •73 — 1,468 — Totals 568,940.6 $2,117,444,204 6,739 7,947-89 $27,369,920 $30,618,775 .848 .894 TABLE III. SYNOPSIS OF TABLE II. AGE. Years of Life. Amount Insured. Actual Deaths. Probable Deaths, American Experience. Actual Loss. Probable Loss, American Experience. RATIO. Actual to Prob- able Deaths. Actual to Prob- able Loss. 12-20 2,301.7' $ 6,265,064 21 18 $ 76,175 $ 48,605 1.167 I-567 21-2 5 18,133.8 53,217,783 122 145 327,967 425,378 .841 •771 26-30 50,654.1 162,988,533 334 420 1,064,005 1,352,306 •795 •787 31-35 81,569.3 278,745,798 596 713 2,238,529 2,436,026 .836 .919 36-40 98,033.7 350,088,633 700 925 2,609,102 3,301,910 •757 .790 41-45 95,982.6 356,505,277 ’ 86l 1,012 3,401,346 3,759,809 .851 •905 46-50 81,655.7 322,269,792 873 1,024 3,588,368 4,046,937 •853 .887 51-55 61,053.7 252,699,837 848 996 3,664,654 4,121,612 .851 .889 56-60 40,612.4 173,173,219 • 817 925 3,741,058 3,948,795 .883 •947 61-65 23,105.1 98,349,564 675 775 3,125,484 3,292,983 .871 •949 66-70 10,951.4 44,700,963 497 556 2,034,097 2,265,167 • 894 .898 71-75 3,776.7 14,749,307 | 252 292 1,035,925 1,138,857 .863 .910 76-80 900.7 3,045,848 ' 101 104 341,110 350,909 .971 •972 81-85 182.1 571,996 1 33 33 95,600 105,269 1.000 .908 86-93 27.6 72,590 9 10 26,500 24,212 .900 1.095 Totals. 568,940.6 $2,117,444,204 6,739 7,948 $27,369,920 $30,618,775 .848 .894 TABLE IV. Experience of The Mutual Benefit Life Insurance Company from 1845 to 1879, inclusive, during First and Second Years of Membership. Age at Exposure. Years of Life. Actual Deaths. Ppobable Deaths, American Experience. RATIO. Actual to Probable Deaths. Age at Exposure. Years of Life. Actual Deaths. Ppobable Deatpis, American Experience. RATIO. Actual to Probable Deaths. 12 •3 41 2,8l 1.2 -25 28.13 .889 13 2.9 .02 «... 42 2,549-9 19 26.14 •727 14 38.7 .29 43 2,357.8. 19 24.80 .766 15 54-9 I •42 2.386 44 2,195-5 24 23-77 I.009 16 81.0 .62 45 2,189.4 13 24.44 ■532 17 131.6 i.or 46 2,085.5 10 24.11 •415 18 232.9 I 1.80 •556 47 1,820.7 15 21.85 .687 19 343-3 3 2.67 I-125 48 1,642.8 13 20.55 •633 20 571-8 6 446 1-344 49 1,444-9 I I 18.94 .581 21 1,010.7 10 7-94 1.260 50 1,375-7 18 18.96 •949 22 1,424.4 9 11.26 •799 5i 1,202.3 14 17.48 .801 23 1,866.0 14 14.85 •943 52 1,031.4 IO 15-87 •630 24 2,280.0 6 18.27 .328 53 924.2 8 15.10 • •530 25 2,596.3 23 20.94 1.098 54 840.0 9 14.61 .616 26 2,875.9 22 23-38 .941 55 696.2 7 12.93 -541 27 3,259-0 22 26.71 .824 56 653.6 10 13.00 .769 28 3,421.8 17 28.28 .601 57 534-8 13 11.41 1-139 29 3,504-i 16 29.24 •547 58 459-1 7 10.54 •665 30 3,772.0 14 3i-79 •440 59 400.2 7 9.89 •707 3i 3,760.0 19 32.00 •594 60 364-4 3 .9-73 • 308 32 3,851.2 24 33-15 .724 61 277.7 4 8.02 •499 33 3,878.4 20 33-81 .592 62 214.9 4 6.72 •595 34 3,779-i 21 33-37 .629 63 184.9 6 6.28 •956 35 3-758.3 27 33-62 • 803 64 181.3 1 6.69 .150 36 3,563-9 23 32.39 .710 65 202.1 5 8.11 .616 37 3,478.5 15 32.12 •467 66 67.4 2 2-95 •679 38 3,32i.5 14 31-25 .448 67 7-i 1 0-34 2.956 ON O CO rtf- 3,166.7 3,084.2 21 15 30.36 30.21 .692 •497 68 2.4 0.12 SYNOPSIS OF ABOVE TABLE. Age at Exposure. Years of Life. Actual Deaths. Probable Deaths, American Experience. RATIO. Actual to Probable Deaths. 12 -20 1.457-4 II II.29 •974 21-25 9.177-4 62 73.26 .846 26-30 16,832.8 91 139.40 ■653 31-35 19,027.0 III 165.95 .669 36-40 16,614.8 88 156.33 •563 41-45 12,103.8 100 127.28 .786 46-50 8,369.6 67 IO4.41 .642 51-55 4.694.1 48 75-99 •632 56-60 2,412.1 40 54-57 •733 61-68 1.137-8 23 39-23 .586 TABLE V. Experience of The Mutual Benefit Life Insurance Company from 1845 to 1879, inclusive, excluding First Fifteen Years of Membership. Age at Exposure. Years of Life. Actual Deaths. Probable Deaths, American Experience. RATIO. Actual to Probable Deaths. Age at Exposure. Years of . Life. Actual Deaths. Probable Deaths, American Experience. RATIO. Actual to Probable Deaths. 28 6.0 .05 6l 1,892.0 - 47 54-64 .860 29 9.0 .08 62 1,750.3 43 54-77 ■785 30 12.0 .IO 63 1,5834 58 53-75 I.079 31 15.6 •13 64 1,426.2 50 52.59 •951 32 33-0 .28 65 1,329.0 5i 53-33 .956 33 36.2 •31 66 1,162.1 42 50.79 .827 34 54-4 I .48 2.082 67 1,028.9 45 49 02 .918 35 110.1 ' 2 .98 2.030 68 902.4 52 46.93 1.108 36 178.6 I I.62 .616 69 768.1 40 43.60 .917 37 289.4 2.67 70 670.1 39 41-54 •939 38 442.4 4 4.16 .961 71 570.1 30 38.58 •77 8 39 584.8 1 5.61 .178 72 488.4 27 36.0 L •750 40 791.6 6 7-75 •774 73 392.8 29 31-49 .921 4i • 996.7 10 9-97 1.003 74 328.9 3i 28.62 1.083 42 1,181.3 11 12.11 .908 75 268.9 21 25.38 .827 43 1,319.2 12 13.87 .865 76 204.5 3i 20.92 1.482 44 1,517-7 18 . 16.44 1.095 77 169.I 12 18.78 •639 45 1,722.7 16 19.23 ■ 832 78 133 9 23 l6.l8 1.422 46 1,899.3 18 21.96 • .820 79 H3-9 6 15.00 .400 47 2,059.3 23 24.71 •93i 80 87.9 8 12.70 .630 48 2,184.1 26 27.32 •952 81 66.1 15 IO.48 I-43I 49 2,300:5 37 30.15 1.227 82 41.1 8 7. l6 1.117 50 2,370.9 34 32.67 1.041 83 32.2 5 6.17 .811 5i 2,448.3 34 35-6o •955 84 23-3 2 4.92 .406 52 2,501.6 28 38.50 •727 85 18.4 2 4-33 .461 53 2,466.6 47 40.29 1.167 86 10.8 6 2.87 2.091 54 2,446.2 28 42.55 .658 87 5-5 1 1.67 .600 55 2,414.9 5i 44.85 I-I37 88 2.0 .69 .... 56 2,393-7 39 47-60 .819 89 3-o 1.19 .... 57 2,302.1 49 49.12 •998 90 2-3 1 1.05 •957 58 2,209.5 . 50 50.68 .987 9i 2.0 * * 1.06 59 2,095.3 36 51.80 •695 92 1.0 •63 .... 60 2,023.6 49 54.02 •907 93 1.0 •73 Age at Exposure. Years of Life. Actual Deaths. Probable Deaths, American. Experience. RATIO. Actual to Probable Deaths. 28-35 276.3 3 2.4I I.245 36-40 2,286.8 12 2I.8l •550 41-45 6,737-6 67 71.62 •935 46-50 10,814.1 138 136.81 1.009 51-55 12,277.6 188 201.79 •932 156-60 11,024.2 223 253.22 .881 61-65 7,980.9 249 269.08 •925 66-70 4,531-6 218 231.88 .940 71-75 2,049.1 138 160.08 .862 76-80 709-3 80 83.58 •957 81-85 181.1 32 33-°6 .968 86-93 27.6 8 9.89 .809 SYNOPSIS OF ABOVE TABLE. TABLE VI. Percentage of Mortality (ff) according to the most approved Standard Tables, and The Mutual Benefit Experience (Adjusted), from 1845 to 1879, inclusive. AGE. American Experience. “Old” Actuaries. “ New ” Actuaries. HMF . MUTUAL BENEFIT EXPERIENCE (ADJL Derived from Number of Deaths. STED). General Experience, derived from Amount of Loss. AGE. General Experience. First and Second Years of Membership. Excluding First Fifteen Years of Membership. 25 .008065 .007770 .007002 .OO6289 .005442 < .006610 25 26 .008130 .007887 .007095 .OO6339 .005474 .006663 26 27 .008197 .008006 •OO7333 .OO6395 .005511 .006722 27 28 .008264 .008139 .007586 .OO6457 .005551 .006787 28 29 .008345 .008275 .007833 .OO6525 •005595 .006859 29 30 .008427 .008425 .008064 .006601 .OO5645 •OO7523 .006939 30 31 .008510 .008578 .008220 .006685 .005700 .OO7609 .007028 31 32 .008607 .008747 .008368 .006779 .OO5761 .OO7703 .007126 32 33 .008718 .008919 .OO8554 .OO6883 .OO5829 .OO7809 .007235 33 34 .008831 .009095 .OO8755 .OO6998 .005905 .O07925 ■OO7357 34 35 .008946 .009288 .008996 .007125 •OO5989 .008055 .007491 35 36 .009089 .009485 .009326 .OO7267 .006082 .OO8198 .007640 36 37 .OO9234 .009687 .009677 .OO7424 .006i86 •OO8357 .007805 37 38 .009408 .009906 .OIOOOO .OO7598 .006302 .OO8534 .007989 38 39 .009586 .OIO131 .OIO271 .OO779I .006430 .OO873O .008192 39 40 .OO9794 .OIO362 .OIO5OL .008005 •006573 .OO8947 .008417 40 4i .010008 .010612 .010687 .OO8243 .006732 .OO9188 .008668 4i 42 .OIO252 .OIO894 .OIO915 .OO8506 .006908 •OO9455 •OO8945 42 43 .OIO517 .OI1251 .OI1277 .OO8798 .007104 .OO9752 •OO9253 43 44 .OIO829 .OI1697 .OI1727 .OO9123 .007322 .OIOO81 •OO9594 44 45 .OII163 .012212 .012321 .OO9482 •007565 .OIO445 •OO9973 45 46 .OII562 .OI2839 .013014 .OO9881 •007835 .OIO85O •OIO393 46 47 .012000 .OI3516 .013719 .OIO323 .008134 .OI 1299 .OIO859 47 48 .012509 .014260 .014424 .OIO814 .008467 .OI1796 .OII375 48 49 .OI3IO6 .OI5061 .015115 .OII358 .008838 .OI2348 .Oil 949 49 50 .OI3781 •015939 .015778 .OI1962 .009250 .OI2961 .012584 50 5i .014541 .O16898 .016512 .OI263I .009708 .OI3640 .013289 ' 5i 52 .OI5389 .OI7947 .017322 •013374 .010217 •014393 .014071 52 53 .016333 .OI9O93 .018315 .OI4198 .010782 .OI5229 •014939 53 54 .OI7396 .020313 .019448 .0151II .011412 .016155 .O159OI 54 55 .018571 .021664 .020655 .016125 .012111 .OI7183 .016968 55 56 .019885 .023126 .021960 .OI7249 .012888 .018324 .018152 56 57 •021335 .O24679 .023358 .018496 •013753 .OI9588 .019465 57 58 .022936 .026386 .024892 .OI9878 .014714 .020991 .02092I 58 59 .024720 .028247 .026695 .021412 .015782 •022547 .022536 59 60 .026693 .030336 .028729 .023114 .016970 .O24272 .024328 60 TABLE VI.—(Continued). ■ l MUTUAL BENEFIT EXPERIENCE (ADJUSTED). AGE. American Experience. “ Old ” Actuaries. “ New ” Actuaries. Derived from Number of Deaths. General Experience, derived from Amount of Loss. AGE. HMF General Experience. First and Second Years of Membership. Excluding First Fifteen Years of Membership. 61 .028880 .032612 .031043 .025001 .O1829O .026186 •026315 6l 62 .031292 .035120 •033657 .027094 .OI9758 .028309 .028519 62 63 •033943 .037840 .036468 .0294I5 .021490 .030664 .030964 63 64 .036873 .040826 •039374 .O3199O •023205 .033276 •033675 64 65 .040129 .044082 .042331 •034846 .025222 •036173 .036683 65 66 .043707 .047614 •045434 .038014 .027464 •039387 .040019 66 67 .047647 .051474 .048665 .041 528 •029957 .042951 •043719 67 68 .052002 •055630 .052044 .045426 .032729 .046904 .047824 68 69 .056762 .060087 .055988 •049749 .051289 .052376 69 70 .061993 •064933 .060956 •054544 •056153 •057425 70 7i .067665 .070158 .066862 .059862 •O61547 .063026 71 72 •073733 .075805 .073682 .065761 •O6753I .069238 72 73 .080178 .081884 .08154} .072304 .074168 .076128 73 74 .087028 .088468 .090042 .079562 .081529 .083770 74 75 •094371 •095560 .097988 .08761I .089695 .092247 75 76 .IO231I .103179 .105812 •096540 .098751 .101649 76 77 .III064 .III469 .1 I32'20 .106439 .108800 ‘ .112076 77 78 .120827 . 120444 .121100 .II7429 . I 1994O .123646 78 79 ■I3I734 .130065 .129380 .129609 .132300 .136476 79 80 . 144466 . 140406 .138680 .143129 .146000 . I50706 80 81 .158605 •I5H36 . I.49070 .158119 .*l6l2IO 81 82 .174297 .163194 .160680 •I74I39 .178070 82 83 .191561 .175912 .174260 .193179 . 196780 83 84 •211359 .189678 .188570 •213639 .217530 84 85 •235552 .205095 .202670 •236319 .240540 85 86 .265681 .222480 .217320 .261489 86 87 .303020 • .242234 .232480 .289399 87 88 .346692 .265274 .245810 •320359 88 89 • -395863 .292382 .259230 •354699 89 90 •454545 •323730 .277780 •392879 90 9i .532466 •360987 .297080 .435029 9i 92 .634259 405263 .3IO69O .481889 92 93 •734177 .457227 .330290 •533859 93 94 •857143 .516304 .356940 .591509 94 95 96 97 98 99 1.000000 .584270 .648649 .692308 .750000 1.000000 •364410 •373340 .468080 .660000 1.000000 .655449 .726369 .805039 .892289 I. OOOOOO 95 96 97 98 99 TABLE VII. Actual and Probable Mortality of The Mutual Benefit Life Insurance Company from 1845 to 1 879, inclusive, showing Effect of Selection. YEAR OF MEMBER- SHIP. Years of Life. Amount Insured. Probable Deaths, American Experience. Actual Deaths. Probable Loss, American Experience. Actual Loss. Act to Pr< ' Dea True. RATIO. UAL 3BABLE THS. Graded. Actual to Prob- able Loss. 1st 32,438-9 $11 1,698,799 329-47 196 $1,167,628 $ 663,903 •595 .60 •569 2d 59,387-9 210,998,933 618.39 445 2,263,190 1,501,653 720 .72 .664 3d 5I,839-6 186,839,345 559-38 445 2,087,238 1,773,346 •796 .80 .850 4th 47,189.0 171,233,462. 527-I3 45 7 1,990,560 1,790,260 .867 .86 ■899 5 th 43,285.3 162,114,759 502.29 458 1,904,531 1,847,081 .912 .86 •970 6th 39,685.3 140,655,352 479-08 437 1,830,069 1,649,376 .912 .86 .901 7th 36,722.6 135,797,483 462.34 375 1,782,090 1,635,243 .811 .86 .918 8 th 34,229.3 127,133,846 451-07 387 1,743,853 1,631,688 .858 .86 ■936 9th 31,876.6 118,439,114 439,74 380 1,697,387 1,584,652 .864 .86 •934 ioth 29,546.5 110,265,971 426.97 337 1,653,705 1,446,115 •789 .86 .874 i ith 27,084.1 101,060,598 410.15 37i 1,572,488 1,589,910 .905 .86 1.011 12 th 24,156.0 90,446,198 378.88 3i7 1,450,859 1,286,122 •837 .86 .886 13 th 20,625.0 77,365,703 336.17 287 1,280,467 1,274,351 .854 .86 •995 14th 17,648.4 66,316,471 299.09 274 1,127,757 1,059,807 .916 .86 •940 15 th I4,329-9 54,513,292 252.36 217 953,056 917,100 .860 .86 .962 16th I I,l6o.O 43,216,916 203.99 163 774,422 623,510 •799 •87 .805 17 th 7,415-3 31,483,547 140.11 133 • 582,366 540,066 •949 .88 •927 18 th 5,654-9 24,612,774 110.95 94 474,301 468,035 .847 .89 ■987 19th 4,755-i 20,824,107 97-97 75 416,345 328,435 •765 .91 •789 20th 4,229.4 18,250,669 91.90 90 381,481 402,340 •979 •93 1-055 21 st 3,567-0 15.442,305 82.77 76 340,863 333,755 .918 •95 •979 22d 2,997.2 13,091,826 74.04 72* 303,998 298,100 •972 .98 .981 23d 2,618.9 1 1,730,559 69.18 75 289,871 308,270 1.084 1.01 1.063 24th 2,380.3 10,649,523 67.08 77 279,719 324,978 1.148 1.04 1.162 25 th 2,194.8 9,925,080 65.89 61 277,053 223,950 .926 1.03 .808 26th 2,004.3 9,017,322 64.25 82 267,598 390,600 1.276 1.03 1.460 27 th 1,838.4 8,198,428 62.24 55 257,198 228,280 .884 1.00 .888 28th 1,694.7 7,562,008 61.31 47 254,109 158,775 ■767 •98 .625 29th i,539-i 6,855,968 59.40 66 248,458 305,894 1.111 •95 1.229 30th 1,376.7 6,030,723 56.65 55 236,443 219,600 .971 •92 .929 3ISt 1,205.1 5,290,640 52.67 45 221,223 200,425 .854 .88 .906 32d 977-9 4,363,008 '46.55 32 198,798 100,800 .687 ■85 .507 33d 740.0 3,392,723 . 38.02 35 167,242 171,600 .921 •83 1.026 34th 433-4 2,009,162 23-99 i5 107,214 53,900 .625 •76 •503 35 th 113-7 617,590 6.42 8 35d95 38,000 1.246 •76 1.080 Totals. 568,940.6 $2,117,444-204 7,947-89 6,739 $30,618,775 $27,369,920 .848 .894 TABLE VIII. SYNOPSIS OF TABLE VII. YEARS OF MEMBER- SHIP. ' Years of Life. • Amount Insured. Probable Deaths, American Experience. ' Actual Deaths. Probable Loss, American Experience. Actual Loss. RAr Actual to Prob- able Deaths. no. Actual to Prob- able Loss. i st—5 th 234,140.7 $ 842,885,298 2,536.66 2,001 $ 9,413447 $ 7,576,243 •7?9 .805 6th-ioth 172,060.3 632,291,766 2,259.20 I,9l6 8,707,104 7,947,074 .848 •913 nth-15 th I03,843-4 389,702,262 1,676.65 1,466 6,384,627 6.127,290 •874 .960 i6th-20th 33,214-7 138,388,013 644.92 555 2,628,915 2,362,386 .861 .899 2ist-25th 13,758-2 60,839,293 358.96 361 1,491,504 1,489,053 I.006 •998 26th-30th 8,453-2 37,664,449 303-85 305 1,263,806 i,303,H9 1.004 I.031 3ist-35th 3,470-1 15,673,123 167.65 135 729,672 564,725 .805 •774 6th-15 th 275,903-7 1,021,994,028 3,935-85 3,382 15,091,731 14,074,364 •859 -933 i6th-25th 46,972.9 199,227,306 1,003.88 916 4,120,419 3,851,439 .912 •935 26th-35th ii,923-3 53,337,572 47i-5o 440 1,993,478 1,867,874 •933 •937 ISt-2d 91,826.8 322,697,732 947-86 641 3,430,8l8 2,165,556 .676 • 631 3d-i5th 418,217.6 1,542,181,594 5,524.65 4,742 21,074,060 19,485,051 .858 • 925 16th—3 5 th 58,896.2 252,564,878 1,475-38 i,356 6,113,897 5,719,313 .919 •935 TABLE IX. Mortuary Experience of The Mutual Benefit Life Insurance Company from 1845 to 1879, inclusive, arranged with reference to Years of Issue of Original Policies. YEAR OF ISSUE. Years of Life. Amount Insured. Probable Deaths, American Experience. Actual Deaths. Probable Loss, American Experience. Actual Loss. RAr Actual to Prob- able Deaths. no. Actual to Prob- able Loss. 1845 8,869.7 $ 38,684,669 l8l 184 $ 834,012 $ 801,520 1.017 .961 1846 25,897.6 91,062,490 525 489 1,862,831 1,728,707 •931 .928 1847 20,279.4 71,039,429 376 357 1,345,521 1,229,175 •949 •914 1848 I3,478-3 47,001,435 235 236 837,135 846,125 I.004 I.OII 1849 12,125.2 40,005,273 195 228 679,601 658,160 I.169 .968 1850 6,702.2 25,470,797 107 114 415,370 457,860 I.065 1.102 1851 4,501.9 17,536,648 76 59 294,562 224,940 .776 .764 1852 4,092.7 17,175,188 62 55 257,883 231,100 I.042 .896 1853 4,1234 15,777,430 56 57 209,616 238,118 I.Ol8 i -137 1854 3,877-1 15,579796 58 59 238,444 250,915 1.017 1.052 1855 3,535-6 15,061.490 49 . 42 218,630 189,900 -857 .869 1856 3,681.6 16,217.111 5i 54 230,260 262,900 I.059 1.142 1857 4,429-7 21,248,076 58 45 277,212 246,200 •776 .888 1858 8,680.9 35,907,027 118 101 496,601 451,449 .856 •909 1859 13,094.6 57,190,026 177 138 795,767 661,746 .780 •832 i860 13,948.5 60,459,663 183 147 811,117 708,960 .803 •874 l86l 9,276.0 47,607,634 127 92 680,990 5H,975 724 •752 1862 17,891.4 80,219,274 244 200 1,147,291 1,044,32 5 .820 .910 1863 34,678.8 142,531,715 481 426 1,969,239 1,920,960 .886 •976 1864 67,129.8 219,306,429 923 798 3,024,596 2,859,948 •865 •946 1865 51,3257 185,990,307 703 573 2,606,336 2,253,169 .815 .865 1866 48,3247 187,019,461 644 527 2,599,401 2,266,970 .818 .872 1867 36,698.9 140,459,667 500 418 2,020,401 1,850,315 .836 .916 1868 41,246.9 i67,097,3H 544 398 2,323,282 1,939,299 •732 •835 1869 27,734.9 101,509,194 373 269 1,450,110 1,210,557 .721 .835 I87O 18,041.4 61,389,528 221 162 847,249 664,328 ■733 .784 I87I I3,7i5.3 42,475,094 152 117 486,640 394,493 •770 .811 1872 10,905.4 33,456,191 115 80 360,357 242,348 .696 •673 1873 9,113.6 26,438,416 95 73 285,379 240,395 .768 .842 1874 10,301.7 30,210,362 105 86 318,359 278,257 .819 .874 1875 9,922.8 31,075,293 100 68 327,575 227,966 .680 .696 I876 6,229.1 19,791,327 63 5i 208,370 150,470 .810 •723 1877 3,079.6 9,448,044 3i 23 97,061 80,270 .742 .827 I878 1,301.6 3,978,165 13 11 40,585 43,ioo .846 1.062 1879 704.6 2,024,841 7 2 20,992 3,ooo .286 1.429 568,940.6 $2,117,444,204 7,948 6,739 $30,618,775 $27,369,920 .848 .894 TABLE X. Experience of The Mutual Benefit Life Insurance Company to December 31, 1877, on Paid-up Policies for Reduced Amounts allowed in exchange for Policies Discontinued. YEAR OF MEMBER- SHIP. Years of Life. Amount Insured. Probable Deaths, American Experience. Actual Deaths. Probable Loss, American Experience. Actual Loss. RATIO. Actual to Probable Deaths. Actual to Probable Loss. 2d 681.8 $ 193,704 6.38 4 $ 1,844 $ 625 .626 •339 3d 2,01 1.6 693,504 9-34 8 6,939 4,450 •857 .641 4th 2,983.6 1,346,027 29.81 15 14,032 17,105 •503 1.219 5 th 3,650.4 2,015,075 37-98 21 21,958 13,228 -553 .602 6 th 4,118.1 2,750,231 44-76 35 3h553 28,508 .782 •903 7 th 4,497-9 3,427,729 40.90 30 40,633 39,683 •733 •977 8th 4,675-8 3,944,683 55-52 4i 48,800 51,858 •738 1.063 9th 4,691.7 4,219,621 58.35 4i 54,376 43,719 .703 .804 i oth 4,374-7 4,279,846 56.52 4i 57,965 53,320 .726 .920 11 th 3,671.8 3,789,540 48.91 35 51,858 3h757 •7i5 .612 12th 3,095-4 3,283,852 43-21 33 46,528 46,690 .764 1.003 13 th 2,395-0 2,553,723 35-13 24 37,935 37,245 .683 .982 14th 1,649-3 1,915,570 25.78 i7 29,529 16,240 •659 • 550 15th 573-9 762,309 9.14 5 12,304 5,700 -547 •463 16th 258.4 413,605 4-31 2 6,704 3,200 .463 •477 17 th 187.9 324,031 3-24 2 5,746 5,300 .616 .922 18th 168.3 296,168 3.01 2 5,549 1,460 .664 •263 19th 120.6 218,189 2.47 4,684 .... 20th 73-5 124,906 i-57 2 2,756 5,800 1.271 2.104 21 st 53-4 88,146 1.16 i,749 .... .... 22d 53-o 83,069 1.25 i,797 23d 52.5 78,852 1.25 2 1,820 2,770 1.601 1.522 24th 50.6 80,233 1.24 4 1,990 3,620 3-239 1.819 25 th 55-i 105,350 i-55 2,906 .... .... 26th 61.1 ii5,rn 1.70 3,358 27 th 68.8 137,686 2.18 3 4,7H 1,280 i-377 .272 28 th 65.9 136,444 3.38 2 5,422 875 .840 .161 29th 64.2 i44,54i 2.29 3 5,493 6,600 1.309 1.201 30th 57-8 152,132 1.85 3 5,255 10,500 1.625 1.998 31st 41-5 129,006 1.64 3 5,250 9,425 1.829 1-795 32d 3i-7 90,717 1.19 3,573 .... 33d 2.0 2,045 . 10 103 Totals. 44,540.3 $37,895,645 536.11 378 $525,123 $440,958 •705 .840 TABLE XI. Experience of The Mutual Benefit Life Insurance Company to December 31, 1877, on Paid-up Policies for Reduced Amounts allowed in exchange for Policies Discon- tinued, on which three or more years’ Premiums had been paid. YEAR OF MEMBER- SHIP. Years of Life. Amount Insured. Probable Deaths, American Experience. Actual Deaths. Probable Loss, American Experience. Actual Loss. RATIO. Actual to Probable Deaths. Actual to Probable Loss. 4th 447*2- $ 327,098 4.80 2 $ 3,573 $ 1,700 .417 •476 5 th 1,258.3 1,059,625 13.82 IO 11,869. 9,825 724 .828 6th 1,884.4 1,848,638 21.64 19 21,766 20,658 . .878 •949 7th 2,420.8 2,587,229 28.98 19 3i,39i 35,625 •656 1-135 8th 2,759.0 3,150,496 34-74 30 39,769 42,358 .863 1.065 9th 2,915.4 3,461,368 38.51 34 45,395 37,552 .883 .827 ioth 2,834.9 3,622,475 38.76 34 49,697 50,670 •8 77 1.020 nth 2,459-7 3,238,546 34.31 28 44,991 29,790 .816 .662 12th 2,108.5 2,833,932 30.59 32 40,595 46,570 1.046 1.147 13th 1,639.1 2,245,136 24.87 20 33,708 34,695 .804 1.029 14th i,i97-5 1,735,288 19.17 13 26,927 14,640 .678 •543 15th 516.8 740,009 8.25 4 11,968 5,300 .485 -443 16th 258.4 413,605 4.31 2 6,704 3,200 .463 •477 17th 187.9 324,031 3-24 2 5,746 5,300 .616 .922 18th 168.3 296,168 3.01 2 5,549 1,460 .664 .263 19th 120.6 218,189 2.47 4,684 20th 73-5 124,906 i-57 2 2,756 5,800 1.271 2.104 21st 53-4 88,146 1.16 i,749 22d 53-o 83,069 1.25 • . i,797 • • • • 23d 52.5 78,852 1.25 2 1,820 2,770 1.601 1.522 24th 50.6 80,233 1.24 4 1,990 3,620 3-239 1.819 25 th 55-i 105,350 i-55 . . 2,906 26th 61.1 115,111 1.70 3,358 27th 68.8 137,686 2.18 3 4,7i4 1,280 1-377 .272 28th 65.9 136,444 2.38 2 5,422 875 .840 .161 29th 64.2 144,541 2.29 3 5,493 6,600 1.309 1.201 30th 57-8 152,132 1.85 3 5,255 10,500 1.625 1.998 3ISt 44-5 129,006 1.64 3 5,250 9,425 1.829 1-795 32d 3i-7 90,717 1.19 • . 3,573 33d 2.0 2,045 . 10 103 — — — Totals. 23,910.9 $29,569,071 332.82 273 $430,518 $380,213- .820 .883 TABLE XII. Experience of The Mutual Benefit Life Insurance Company, from 1845 to 1874, on TERM POLICIES, arranged with reference to Current Age of the Insured, AGE AT EXPOSURE. Years of Life. Amount Insured. Actual Deaths. Probable Deaths, American Experience. Actual Loss. Probable Loss, American Experience. RATIO. Actual to Probable Deaths. Actual to Probable Loss. 14-20 118.5 $ 116,400 3 I. $ 3,500 $ 903 3.000 3.876 21-25 808.8 1,088,420 8 6. 5,900 8,694 1-333 .679 26-30 1,203.1 2,185,945 20 10. 42,400 18,117 2.000 2.340 31-35 1,285.9 3,037,650 13 11. 24,500 26,506 I.l82 .924 36-40 1,182.8 3,196,040 10 11. 24,700 30,134 .909 .820 41-45 933-9 2,588,785 18 11. 38,300 27,238 I.636 I.406 46-50 748.0 2,162,260 16 9- 48,300 27,132 1.778 I.780 51-55 452.0 1,304,750 8 7- 28,000 21,192 i-143 I.321 56-60 144.0 451,950 1 3- 1,000 10,150 -333 •099 6I-67 30.1 97,400 2 1. 5,400 3T78 2.000 I.699 Totals. 6,907.1 $16,229,600 99 70. $222,000 $173,244 1.414 I.281 TABLE XIII. Experience of The Mutual Benefit Life Insurance Company, from 1845 to 1874, on TERM POLICIES, arranged with reference to Years of Membership, YEAR OF MEMBER- SHIP. Years of Life. Amount Insured. Actual Deaths. Probable Deaths, American Experience. Actual Loss. Probable Loss, American Experience. RATIO. Actual to Probable Deaths. Actual to Probable Loss. ISt 2,266.3 $ 5,115,425 29 22 $ 45,300 $ 51,576 1.318 .878 2d 1,402.4 3,170,335 27 14 50,100 32,366 I.929 1-548 3d 1,010.7 2,357,000 12 IO 38,700 24,863 1.200 1-557 4th 731.8 1,810,260 I I 8 30,600 19,959 i-375 1-533 5th 596.7 i,497,3io 8 6 21,500 17,082 1-333 1-259 6th 493-9 1,234,810 8 5 24,300 14,395 1.600 1.688 7 th 405.3 1,044,460 4 5 11,500 13,003 .800 .884 Totals. 6,907.1 $16,229,600 99 70 $222,000 $173,244 1.414 1.281 TABLE XIV. Actual and Probable Mortality of The Mutual Benefit Life Insurance Company during each Year from 1845 to 1879, inclusive. YEAR. Years of Life. Amount Insured. Probable Deaths, American Experience. Actual Deaths. Probable Loss, American Experience. Actual Loss. RAl Actual to Prob- able Deaths. no. Actual to Prob- able Loss. 1845 161.I $ 575,485- I.62 ' I $ 5,740 $ 5,000 .616 .871 I846 1,700.4 5,405,345 17.51 17 54,939 42,768 •971 •778 1847 3,171-4 9,651,190 32.74 26 99,375 68,700 •794 .691 I848 4,083.5 12,409,500 42.54 34 129,477 115,050 •799 .889 1849 4,850.8 •14,123,630 50.62 79 148,981 207,350 1.561 I.392 1850 4,963-9 14,885,015 52.85 59 159,792 151,000 I.I l6 •945 l85l 4,908.7 15,271,155 53.62 55 167,310 147,900 1.026 .884 1852 4,689.0 15,043,985 52.90 61 169,630 180,000 1-153 1.061 1853 4,599-2 15,160,190 53-32 39 174,926 118,400 •731 •677 1854 4,6i7-5 15,626,630 54.8i 53 183,650 175,300 •967 •955 1855 4,547-6 15,689,030 55-59 59 188,940 207,000 1.061 1.096 I856 4,583-5 16,244,930 57-44 48 200,025 150,500 .836 .752 1857 4,720.4 17,115,960 60.48 72 214,504 243,015 1.190 1 -133 1858 4,906.0 17,966,225 64.06 62 228,290 224,600 .968 .984 1859 5,590.8 20,611,175 72.46 57 261,772 199,250 .787 .761 i860 6,381.4 23,796,615 82.22 64 300,173 272,000 •778 .906 l86l 6,615.0 24,640,390 86.74 84 315,842 327,460 .968 1.037 1862 6,631.1 24,409,012 87.90 68 316,736 237,000 •774 .748 1863 8,151-3 30,241,375 106.58 102 388,582 333,900 •957 •859 1864 12,341.0 45,042,480 153-86 155 - 557,051 541,130 1.008 .971 1865 17,437-6 63,978,710 213-03 172 781,526 605,675 .807 -775 1866 21,784.9 83,302,355 265.94 206 1,018,446 838,700 •775 .824 1867 24,559-0 95,987,970 305-15 226 1,201,410 870,350 .74i .724 1868 27,509.1 110,951,138 348.15 287 1,419,983 1,264,125 .824 .890 1869 30,270.2 125,303,107 390.30 313 1,646,130 1,310,500 .802 •796 1870 31,670.0 130,287,476 •420.48 342 1,776,877 1,517,700 • .813 .854 1871 32,206.4 130,069,358 439-55 357 1,841,871 1,702,079 .812 •925 1872 32,977-7 130,756,650 461.90 424 1,910,866 2,017,528 .918 1.056 1873 33,593-3 131,296,470 482.58 414 1,974,881 1,710,165 .858 .866 1874 34,233-5 129,904,230 503.89 427 2,019,463 1,895,802 .849 •939 1875 35,7i8.i 132,130,690 535-74 480 2,104,229 1,923,414 .896 .914 1876 36,816.9 132,603,102 564.36 470 2,167,682 2,104,103 .833 .971 1877 36,501.7 128,224,456 579.10 457 2,175,898 1,767,817 •789 .812 1878 35,896.8 121,642,483 591.52 500 2,i55,i95 1,993,832 .845 •925 1879 35,551-8 117,096,692 606.34 469 2,158,583 1,900,807 •773 .881 Totals. 568,940.6 $2,117,444,204 7,947-89 6,739 $30,618,775 $27,369,920 .848 .894 THE CHARTS ON THE FOLLOWING PAGES WILL PRESENT TO THE EYE THE MOST IMPORTANT FEATURES OF THE FOREGOING TABLES. Chart A exhibits the relation between the death-rates at different ages as shown by the several columns of Table VI. The American Experience Table is taken as the standard for comparison, and is represented by the horizontal line marked ioo per cent. The position of the colored lines above or below the standard line indicates the degree of variation from the standard and from each other. The Purple line represents The Mutual Benefit’s General Experience, without regard to years of mem- bership. The Green line represents the Company’s Experience on young Policies, the statistics being limited to the ist and 2d years of membership. The Red line’represents the Company’s Experience on old business, the ist 15 years of membership being excluded, the observations being restricted between the 16th and 35th years of membership. Cmt/r/sfi/r//the Actual Deaths drrriru/ each year rf membership with the m/ntter predicted by the American Experience lidtfe. The ferny horizontal far represents t/tr tabular rate of mortality. The hmkeri, blade far represents the Company s Actual Experience, the curved red fine shows the Actual Death Rate Adjusted so as to /tent/a fixe /ttached i/rer/tr/’arities.