Fraternity-Testvériség, 1942 (20. évfolyam, 1-5. szám)
1942-05-01 / 5. szám
. TESTVÉRISÉG 9 VALUATION EXHIBIT (Basis other than Accumulation) ASSETS—Actual and Contingent (Excluding assets of expense and special funds) Assets available for payment of death losses determined as follows: Admitted Assets, item 38, page 4 of annual statement (including loans and interest thereon secured by reserves or accumulations actually maintained on the corresponding individual certificates) $1,575,108.92 less sum of f general or expense funds $7,250.30, f sick and accident funds when not valued $11,174.67, and f special funds (include all funds other than general or expense funds not available for payment of benefits) $15,934.95 ........................................................................$1,540,749.00 Assets — Actual and Contingent — sum of items 36 and 37, above .............................................$1,540,749.00 LIABILITIES—Actual and Contingent (Excluding liabilities of expense and special funds) Present Mid-Year Value of promised benefits, or Net Tabular Mid-Year Values, on following forms of certificates: Adult, death only .........................................................$1,323,520.00 Juvenile ........................................................................ 56,835.80 Total ......................................................................$1,380,355.0( Deduct liens and interest thereon, not included in Admitted Assets,- and not in excess of required reserves on the corresponding individual certificates valued—Basis other than Accumulation .!........ 10,789.0( Balance, item 47 less item 48, above ...................$1,369,566.0( Liabilities of mortuary or benefit funds determined as follows: Total Liabilities, except reserve, page 5 of annual statement $27,683.49 less sum of liabilities of general or expense funds, page 5 of annual statement, not in excess of balance in corresponding funds (item 37, above) $4,331.19; liabilities of sick and accident funds when not valued, page 5 of annual statement, not in excess of balance in corresponding funds (item 37, above); and liabilities 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 (item 37, above) $17,097.95 ............................................. 6,254.35 Liabilities—Actual and Contingent—sum of items 49 and 50, above ......................................$1,375,820.35 „ . Dec. 31, 1941 ___ 112.0% Ratio per cent of Assets —1 ' Actual and Contingent - (iteml ^ ^ 1939 "" 38) to Liabilities - Actiual and( ^ 193g _ u' Contingent-(Item 51) ) ^ n m7 1128^ Form of Explanation for publication: (N. B. The following ds to be used only where the ratio 'Of assets to liabilities is equal to or in excess of 100%.) The above valuation indicates that, on the basis of the Am. Exp. & Stand. Ind. table of mortality with interest at 4 & 31/ per cent., the future payments of the society at the net rates now being collected, together with the now invested assets, are sufficient to meet all certificates as they mature by their terms, with a margin of safety of $164,928.65 (or 12.0%) over and above the statutory standards. SCHEDULE A In ( Mortality a Assumpt (a) Calculation of Rates ) nd Interest ion Used (b) In Valuation of Certificates (2) Form of Certificates (3) Is Form Still Issued? (4) Certificates in Force Dec. 31, 1941 No. Amount (5) Formula Used Valuation in (a) Am. Exp. 4% M. P. T. Whole Life 1937 7,464 $7,070,550.00 20 Pay Life No 619 574,000.00 (b) ” 20 Year Endowment 328 329,000.00 n Vx + n + 1 Vx Endowment at Age 60 ” 68 69,000.00 2 (c) ” ” ” Endowment at Age 70 ” 2 2,000.00 Paid-UiP at Age 70 ” 10 8,500.00 (d) *» ” ” Paid-Up Ins. 28 10,179.00 Ax + (e) Am. Exp. sy2% 111. Stand. Extended Ins. ’’ 181 171,500.00 Alx _|_ n: E Whole Life Yes 3,465 2,839,750.00 ) (f) ” 20 Pay Life ” 845 773,000.00 1 20 Year Endowment ” 688 610,500.00 [ n Vx 1 n _L_ 1 Vx (g) ” ” ” Endowment at Age 60 ” 73 68,000.00 Paid-Up at Age 70 12 10,500.00 1 ” »» ” ” 20 Pay—End. at 65 ” 35 28,500.00 Whole Life End. at 65 " 4 3,000.00 J Am. Exp. 3^% Craig’s Ext. 4,829 2,287,000.00 n Vx _|_ n + 1 Vx Stand. Ind. 3 y2% Juvenile 3,212 1,640,500.00 1/10 qx Totals 21,863 $16,495,479.00 EXPECTED AND ACTUAL MORTALITY ON GROSS AMOUNT AT RISK f Expected mortality on gross amount at risk $197,194.00 Total Death losses incurred during the year determined as follows: Death losses paid during the year including the commuted value of installment death losses $111,771.51 (item 1, page 3 of annual statement), plus such death losses unpaid December 31 of current year $2,500.00 (line 1, cols. 1-4, ind., page 5 of annual statement), and less such death losses unpaid December 31 of previous year $6,500.00 (line 1, cols. 1-4, inch, page 5 of annual statement for said year), giving actual mortality on gross amount of risk ............................................. $107,771.51 Ratio per cent of actual (item 79, above) to expected mortality (item 78, above) on gross amount at risk during 1941 ........................................ 54.7% 1940 ...................... 58.4% 1939 ........................................ 55.1% 1938 ........................................ 58.1% 1937 ........................................ 51.1%
