On the Assurance Risks incident to Professional Military and Naval Lives; and the Rates of Extra Premiums which should be charged for such Risks

Abstract

In assessing the risks to be provided against in the case of professional military and naval lives, consideration has to be given to the following distinct elements:(1) The risk of death at home stations, or the normal mortality.(2) The risk of death at foreign stations in time of peace, or the climate risk.(3) The risk of death in active military service in the constantly recurring “small wars.”(4) The risk of death in active military operations in “national wars.”(5) The liability, in time of peace, to foreign service.(6) The liability to active service in the field in “small wars.”(7) The liability to active service in the field in “national wars.”