Fraternity-Testvériség, 1947 (25. évfolyam, 1-12. szám)

1947-07-01 / 7. szám

TESTVÉRISÉG

5

$39,177.53 less sum of liabilities of general or expense funds, page 5 of annual statement, not in excess of balance in corresponding funds $6,831.38; liabilities of sick and accident funds when not valued, page 5 of annual statement, not in excess of balance in corresponding funds, and liabil- ties of special funds (funds other than general or expense funds not available for payment of benefits), page 5 of annual

statement, not in excess of balance in

corresponding funds $20,099.05__________ 12,247.10

Liabilities — Actual and Contingent — sum of above items _________________$2,607,466.10

Ratio per cent of As- /Dec. 31, 1946 _ 108.92% sets—Actual and Contin- \ Dec. 31, 1945 _ 111.07%

gent—to Liabilities—Actual ’ Dec. 31, 1944 _ 111.2 %

and Contingent ----------- ] Dec. 31, 1943 _ 112.5 %

/ Dec. 31, 1942 _ 110.7 %

V Dec. 31, 1917______%

The above valuation indicates that, on the basis of the Am. Exp. & Stand. Ind. table of mortality with interest at 4 & per cent., the future assessments of the society at the net rate now being collcted, together with the now invested assets, are sufficient to meet all certificates as they mature by their terms, with a margin of safety of $232,553.68 (or 8.92% ever and above the statuary standards.

ADULT

SCHEDULE A

(1)

Mortality and Interest Assumptions Used

(a)

In Calculation of Rates

(b)

In Valuation of Certificates

(2)

Form of Certificates

(3)

Is

Form

StUl

Issued?

(4)

Certificates in Force

December 31, 1946 No. Amount

(5)

Net Am.t. of

Reserve

(a) Am. Exp.

<b) „ „

(O „

(d) „ „

>i *>

(f) Am. Exp.

(ß) a a

<h> „ „

(i) a a

^ a a

(1) „ „

„

<n) „

(o) „

(P>

<q> ..

„

<s) „

(t) Am. Exp,

<u> „

(v) Inter-Co.

(w)

4%

3 y2%

3%

3

3%

Whole Life 20 Payment Life 20 Year End.

End. at Age 60 End. at Age 70 Whole Life 20 Payment Life 20 Year End.

Paid-Up at Age 70 20 Pay End. at Age 65 W. L. End. at Age 85 20 Pay End. at Age 50 End. at Age 60 Whole Life 20 Payment Life 20 Year Semi-End.

20 Year Endowment Endowment at Age 60 20 Pay. End. at Age 65 Paid-Up Insurance Extended Insurance Double Indemnity ontingency Reserve*

no-1937

no-1944

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

Yes

6,532

6,293,700

1,486,410

611

565,500

104,682

337

312,000

138,799

58

56,500

8,957

2

2,000

1,010

5,100

3,765,000

251,334

1,352

1,236,000

101,399

1,389

1,223,750

200,410

15

14,000

2,129

75

67,500

5,329

623

537,500

22,364

72

59,500

12,520

81

74,000

6,165

925

906,500

2,662

615

620,000

1,899

181

293,500

2,970

706

724,500

11,149

9

11,000

48

12

18,000

130

39

17,698

13,650

201

166,500

11,385

6,248

30,000

Totals

18,935

16,964,648

2,421,640

JUVENILE

(a)

Juvenile Term

6,011

2,851,000

5,020

(b)

Juvenile Endowments

3,225

2,134,350

167,003

(c)

Paid-Up Insurance

1

119

29

(d)

Extended Insurance

10

5,750

159

(e)

Whole Life

97

84,500

276

(f)

20 Payment Life

474

388,000

1,092

Totals

9,818

5,463,719

173,579

EXPECTED AND ACTUAL MORTALITY ON GROSS AMOUNT AT RISK

Expected mortality on gross amount

at risk ____________________________ $272,874.00

Total death losses incurred during the year determined as follows: Death losses paid during the year including the commuted value of installment death losses $168,653.78 (item 1(a), page 3 of annual statement), plus such death losses unpaid

unpaid December 31 of current year $7,- 000.00 (line 1(a), cols. 1-4, incl., page 5 of annual statement), and less such death losses unpaid December 31 of previous year $13,500.00 (line 1(a), cols. 1-4, incl., page 5 of annual statement for said year), giving actual mortality on gross amount at risk ____________________________ $162,153.78