Actuarial Valuation Research Articles

Widows' Funds: the Valuation of a Widow's Annuity

The Liabilities of a Widows' Fund in respect of Annuities to Widows of members may, for the purpose of actuarial valuation, be divided into two classes:—First, the liability relating to annuities which are actually payable to the widows of former members; and Second, that for annuities which may become payable on the deaths of existing members.