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REVISED EDITION

System and Tables of Life Insurance

A treatise developed from the experience and records of thirty Ameri-
can life offices, under the direction of a committee of Actuaries.

By LEVI W. MEECH

Actuary in Charge

Synopsis of Contents PART FIRST.-ELEMENTARY OBSERVATIONS AND TABLES. Division First: Mortality and Loss Experience. DIVISION SECOND: Climatic Tables DIVISION THIRD : Medical Statistics. Division FOURTH: Time and Monetary Tables.

PART SECOND,-LIFE ANNUITIES AND INSURANCES. I. First Principles of Probability for Reference. II. The Life Table, Law of Mortality Established. III. Present Value of Life Annuities. IV. Expectation of Life and Probable Life. V. Commutation Tables. VI. Single and Annual Premiums of Life Insurance. VII. Reserve or Valuation of Policies. VIII. Life Annuities. Survivorship and Reversionary Annuities. Successive Lives. IX. Derivative Formulas. The Continuous Method. X. Insurance on Lives According to the Order of Survivorship. Notation. Interpolation. Constants.

Price, $10.00 per copy ; bound in half oalf

THE SPECTATOR COMPANY, 95 William Street, New York.

NEW EDITION, REWRITTEN AND IMPROVED

ELEMENTS OF LIFE INSURANGE

By MILES MENANDER DAWSON, Consulting Actuary

of

significant and important changes have occurred in life insurance in the United States that it has become necessary, in issuing a second edition of this work (for which there has been a continuous and gratifying demand), to rewrite a great portion of it. This has rendered possible an improved arrangement of matter, greater accuracy of statement, and clearer demonstrations, also permitting a broadening of the scope of the book. ELEMENTS OF Is a non-mathematical explanation of life insurance as practiced by LIFE INSURANCE

the regular companies in the United States. It discusses insurance

in general, features peculiar to life insurance; vital statistics; the fundamental principles of probabilities ; rate making ; reserves; surplus derivation, apportionment and application; surrender values ; policy loans; insurance of impaired lives ; departmental valuations; the policy contract; mortality tables, etc.

While “Elements of Life Insurance” is comprehensive, it is written in such simple, untechnical language that, as one critic says, " the book is continuously and absorbingly interesting.” It is clear and concise, and may be readily understood by any business man. Substantially bound in cloth. Sent postpaid on receipt of price, $2.00.

ASSESSMENT LIFE INSURANGE

A companion volume to “Elements of Life Insurance,” by the same author, is uniform in binding, and treats in a similar manner, from an impartial standpoint, the sub. ject of life insurance as practiced by the assessment societies. Price, $1.50.

“ Elements of Life Insurance” and Assessment Life Insurance" are supplied, when ordered together, for $3.00. All orders must be placed through the publishers. THE SPEGTATOR GOMPANY

95 WILLIAM STREET, NEW YORK

THE SPECTATOR COMPANY

PUBLISHERS AND IMPORTERS OF

INSURANCE WORKS

PUBLISHERS OF THE FOLLOWING IMPORTANT LIFE PUBLICATIONS: THE SPECTATOR.–An American Review of Insurance; Published Weekly. Price, 54.00 per annum. THE INSURANCE YEAR BOOK.-Issued July of each year. Price of each volume: Life and Miscel.

laneous Insurance, $5.00; Fire and Marine Insurance, $5.00; both volumes when ordered together,

$8.00. HANDY GUIDE TO PREMIUM RATES, APPLICATIONS AND POLICIES OF AMERICAN

LIFE COMPANIES.-In Aexible leather cover. Price, $2.00. Three supplements are issued in July, October and December. Price to Handy Guide subscribers, 75 ceats for the three. Handy Guide

and supplements, $2.75. ANALYSIS OF POLICY CONDITIONS.-Price, flexible leather cover, with flaps, 75 cents. PREMIUM RATES OF AMERICAN LIFE INSURANCE COMPANIES.-Price, flexible leather cover

with flaps, 75 cents. PREMIUM RATES AND POLICY CONDITIONS.-Price, flexible leather cover, with flaps, $1.00. CHARTERS OF AMERICAN LIFE INSURANCE COMPANIES.-Showing the charters and amend

ments thereto of fifty-two prominent legal reserve companies. Price, bound in sheep, $5.00. MANUAL OF POLICIES AND RATES of Stipulated Premium and Fraternal Life Insurance. Price,

flexible leather cover, $1.50. LIFE AGENTS' CODEX.-Price, $1.50. PRINCIPLES AND PRACTICE OF LIFE INSURANCE.-A scientific treatise on Life Insurance,

with valuable tables for reference. Prices : Actuaries' Edition, contains 4, 34 and 3 per cent. American Experience Valuation Tables, $5.00 ; Pocket Edition, (with flexible leather cover), $2.50;

Cloth Edition, $2.00. PROMINENT PATRONS OF LIFE INSURANCE.—1904 Edition. Price, in cloth, 75 cents; leather, $1.00. A B C OF LIFE INSURANCE.-Fourth Edition. Price, $1.00. THE THREE SYSTEMS OF LIFE INSURANCE.-Revised Edition. Price, bound in leather, $2.50. NOTES ON LIFE INSURANCE, by Gustavus W. Smith; a Theoretical and Practical Work. by a

writer who thoroughly understood the science of life insurance in all its branches. Price, R2.00. TALKS WITH LIFE INSURANCE AGENTS.-Price, cloth, $1.50; leather, $2.00. THE ART OF CANVASSING --Price, flexible leather, $1.50. ELEMENTS OF LIFE INSURANCE.-Price, $2.00. Revised Edition. This publication, with its com

panion work, Assessment Life Insurance, can be purchased for $3, when ordered together. ASSESSMENT LIFE INSURANCE.-A companion book to Elements of Life Insurance. Price,

bound in cloth, $1.50. LIFE INSURANCE SAYINGS.-Price, 75 cents. COMPENDIUM OF OFFICIAL LIFE INSURANCE REPORTS.-Price, $1.50 in manila, $2.00 in leather. LIFE INSURANCE POLICYHOLDERS' POCKET INDEX.-Showing the statistics of the level

premium companies. Price, in manila, 25 cents; in flexible leather pocket-book, 50 cents. POCKET REGISTER of Stipulated Premium and Fraternal Life Insurance. Price, in manila, 25

cents; in flexible leather pocket-book, 50 cents. DIVIDENDS IN LIFE INSURANCE FROM DATE OF ORGANIZATION.-Price, 25 cents. BROWN'S COMPLETE DIGEST OF INTEREST, SURPLUS EARNINGS AND EXPENSES IN

LIFE INSURANCE.-A work of instruction and general information for the student of life insurance, goneral agent and fieldworker, and book of reference for every official library, comprising

the experience of the companies reporting to the Massachusetts Insurance Department for the decades

1884-'93 and 1894-'03, inclusive. Price, $2.00. HANDY HELPER.-Life Agents' Record Book for interviews and appointments. Price, $1.00. RECORD OF LIFE INSURANCE POLICIES.-A handy memorandum book of 32 pages and cover,

designed to enable insured persons to record and show the annual cost of the policies they carry.

Price, 25 cents; 100 copies, $12.00. PRACTICAL HINTS TO LIFE AGENTS. -Price, 25 cents. SOME PLAIN HINTS TO LIFE INSURANCE SOLICITORS.-The life insurance solicitor, whether

young in the business or old in service, will profit by these twenty-nine hints. Price, 25 cents. UP AGAINST IT.-A new leaflet in the form of a telegram, announcing the death in the almshouse of

a former rich man. A valuable aid in securing new business. Prices, six cents per copy; $200 per

100; $7.00 per 500 ; $10.00 per 1,000. roo BUSY,-This leaflet is of proper size to slip into an envelope, and so used freely by agents would

undoubtedly prove a valuable aid in securing business. 6 cents per copy ; 50 copies. $1_25; 100

copies, $2; 500 copies, $7; 1000 copies, $10; 5000 copies, $45; 10,000 copies, $80. THE UNEXPECTED ALWAYS HAPPENS.-A new leaflet of eight pages and cover. Prices: Per

copy, 10 cents ; $2.00 per 50 ; $3.00 per 100; $12.00 per 500; $20.00 per 1000. HELLO YOUNG MAN!-A new leaflet especially addressed to young married men: very effective as

a canvassing document. Prices : 6 cents per copy ; $2.00 per 100 ; $7.00 per 500; $10.00 per 1,000. LIFE INSURANCE AGENTS' VISITS.-A new publication prepared with a view to enabling solicitors

to keep a daily record of visits to prospective applicants. Price per copy, 10 cents: 12 copies, $1.00;

25 copies, $1.50; 100 copies, $4.00. THE FORCE OF A GOOD EXAMPLE.-This leaflet is devoted to an analysis of the reasons why several

thousand persons each carry life insurance for more than $50,000.Price per copy, 10 cects; $2,00 per 50; $3.00 per 100; $12.00 per 500; $20.00 per 1000. ARE YOU A WOMAN? IF SO WHAT DO YOU DO WITH YOUR MONEY-A new twelve-page

leaflet, destined to show the advantages of life insurance as an investment. Prices: Per copy, 10 cents; $8.00 per 100; $12.00 per 500; $20.00 per 1,000.

INSURANCE WORKS-Continued. BUSINESS WOMEN: HOW DO THEY INVEST THEIR SAVINGS?-A new eight-page leaflet, illus

trating that a life insurance policy is one of the best forms of investing money. Prices: Per copy,

10 cents; $1.50 per 50 ; $2,50 per 100; $10.00 per 500; $15.00 per 1,000. TRYING TIMES.-Some practical suggestions for men who are wondering what's the matter with

fraternal assessment insurance. A new four-page leaflet. Prices: Per copy, 6 cents; $1.25 per 60;

$2.0) per 100; $7.00 per 500; $10.00 per 1,000. LIABILITY OF MEMBERS IN ASSESSMENT INSURANCE ASSOCIATIONS.- A leaflet prepared

from a legal standpoint explaining the law of liability of members of benefit or assessment insur

ance associations. Price per copy 10 cents; $2.00 per 50; $3.00 per 100: $18.00 per 500; $20.00 per 1000. LIFE POLICY REGISTER AND PREMIUM RECORD.-Prices, $5.00, $8.00 and $15.00. THE UNIVERSAL LIFE INSURANCE FIELD BOOK.-For Agents' use. Prices: No. 1, $12.00.

No. 2, $10.00; No. 3, $3.00. UNIVERSAL LIFE INSURANCE FIELD CARD.-A useful card for canvassing (in connection with

the Field Book). Prices : 250 for 60 cents; 500 for $1.15; 1000, $2.00. JOYCE ON INSURANCES.-A cyclopædia of all legal insurance works brought up to date, containing

rules and definitions, comparisons and conflicting decisions, separate chapters on technical points, pertaining to particular classes of insurance. Pour volumes of 1000 pages each, being a compendium

of insurance law. Price, $24.00. PRACTICAL LESSONS, IN ACTUARIAL SCIENCE.-A treatise showing the methods of ascertaining

rates, values, etc., for life insurance policies, embracing several hundred pages of Mortality

Tables and other statistical data not obtainable in any other publication. Price, 36,00. THE LIFE INSURANCE EXAMINER.-By the late Charles F. Stillman, M. D. Price, $8.00. AGENTS' WALLET, OR POCKET-BOOK.-No, 1 (outside measurement), 9%, x 434 inches, 50 cents;

No. 2, 10 x 4% inches, 60 cents; No. 3, 11 x 8 inches, 75 cents. Special size, 1048 x 5 inches, with two pockets, $1.00,

The Catalogue of The Spectator Company presents a full list of leaflets useful in soliciting Life Insurance.

CASUALTY INSURANCE, Etc. POCKET REGISTER OF ACCIDENT INSURANCE.-Price, in manila, 25 cents; in flexible leather

pocket book, 50 cents. ACCIDENT INSURANCE MANUAL.-Price, flexible leather cover, $1.50. HANDY CHART OF CASUALTY AND OTHER MISCELLANEOUS INSURANCE COMPANIES

IN AMERICA.-Price, in manila, 25 cents; in flexible leather pocket book, 50 cents. BENEFITS UNDER ACCIDENT POLICIES.-Price, in manila, 25 cents; bound in flexible leather,

pocket-book, 50 cents. THE UNEXPECTED ALWAYS HAPPENS.-A new leaflet of eight pages and cover ; prices, per copy

10 cents; $2.00 per 50; $8.00 per 100; $12.00 per 500; $20.00 per 1,000. "THIS MAY HAPPEN TO YOU."-A handsome little brochure of thirty-two pages, illustrating in verse and

by a series of specially drawn pictures, a few of the many accidents that are liable to happen to any person, especially to business men in the pursuit of their daily avocations. Price,

25 cents. MANUAL OF LIABILITY INSURANCE.-Price : Manila, $1.00; flexible"leather cover, $1,50. LAW OF LIABILITY.-A digest of the laws of negligence, with the leading decisions of the highest

Federal and State Courts directly affecting liability insurance. Price, $5.00. BOURNE'S MULTIPLICATION TABLES.-For multiplying four figures by any number of figuros,

$1.50. For multiplying three figures by any number of figures, 50 cents, on heavy paper ; 75 cents

on cardboard. THE ROBINSONIAN UNIQUE CALCULATOR.-A multiplier and divider. Price, $3.00. ROBINSONIAN FIVE PER CENT INTEREST BOOK.-A new five per cent interest book by J. Watts

Robinson, the author and publisher of the well-known Robinsonian Interest and Calculation books

will be found extremely useful in this connection. Price, $2.00. THE ROBINSONIAN MULTIPLICATION AND DIVISION TABLES gives at sight the products of all

numbers from one to one hundred, and of all the halves, quarters, eighths, sixteenths, one-twelfth,

and one-thirty-second by all the numbers from one to one thousand. Price, $5.00. ROBINSONIAN UNIVERSAL INTEREST TABLES.–Giving simple interest at all rates from 1% to

12 per cent. on the basis of thirty days to the month, arranged both by days and by months and days; interest at all rates from 2 to 10 per cent.

on the basis of three hundred and sixty-five days to the year ; tables of sterling exchange; averaging accounts; fractional discounts; interest on daily

balances and lime tellors. Price, $5.00. ROBINSONIAN SIX PER CENT. INTEREST BOOR.–For those using 6 per cent interest calcula

tions; also arranged for savings bank purposes, and contains an easy method of averaging

accounts. Price, $2.00. ROBINSONIAN FIVE, SIX, SEVEN AND EIGHT PER CENT. INTEREST BOOK.-Computed on

basis of 360 days to the year. One, 1%, 2, 24, 3, 3, 4,4% and 5% per cent. are found from these by

the simplest process; also Tables of Interest on Daily Balances, on the 865-days' basis at 1%, 2, 272, 8,3%, 4,4%, 5,5% and 6 per cent, on any amount from $1.00 to $100,000,000. Price, $3.00. SYSTEM AND TABLES OF LIFE INSURANCE.-A treatise developed from the experience and

records of thirty American life offices, under the direction of a committee of actuaries. By Levi W. Meech, actuary in charge. Revised edition, 1899. Price, per copy, $10.00. Mr. Meech is the author of a valuable series of calculation tables for multiplication and division. Price, per copy,

$10.00. TABLES OF PROPORTIONAL PARTS.-By David Parks Fackler. Price, $1.00. HEALTH AND LIFE INSURANCE TABLES, based on the sickness and mortality experience of the I. O. O. F. Manchester Unity, by Chas. J. Harvey, F.I. A. Price, $6.00 per copy.

ALSO NUMEROUS OTHER VALUABLE INSURANCE WORKS.

Sole Agents for all works handled by CHAS. & EDWIN LAYTON of London. A Catalogue of Insurance Publications, with descriptive circulars of the above works, will be for. warded on receipt of five cents in stamps. Address,

THE SPECTATOR COMPANY, 95 William St, New York.

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