Summary |
There is an essential unity of principle between ordinary and industrial life assurance which may be obscured by the very different practical circumstances in which the two types of life assurance operate. Author have endeavoured to emphasize the unity of principle by including in Part I of the book those general principles which are common to both types, together with a sketch of the historical, legal and financial background. The aim has been merely to give sufficient background for the student to appreciate its bearing on the problems discussed in the later chapters.
Part II of the deals with the various actuarial problems from the point of view of ‘ordinary’ life assurance and Part III from the point of view of industrial life assurance.
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