Abstract
(i) The characteristic feature of Double Endowment Assurances is that for a given term of years the annual premium is almost independent of the age, provided the age at maturity does not exceed a certain limit. If we assume it to be precisely true that the annual premium is independent of the age, it follows that the premium must be identical with that for a Capital Redemption Policy for the same term of years and assuring an amount equal to the Double Endowment.
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