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" ... parts, as it is generally conceded that no matter when the death occurs we are entitled to the full year's cost for that policy year. Inasmuch as we are dealing with calendar years and not with policy years, let us look at the matter on that basis.... "
A treatise on the valuation of life contingencies - Page 137
de Edward Sang (F.R.S.E.) - 1864
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Transactions, Volume 13

Actuarial Society of America - 1912 - 466 pages
...years, let us look at the matter on that basis. Taking the whole year's deaths during the calendar year on the supposition of a uniform distribution of deaths during the year (which is in accord with mean reserve valuations) we can assume that one-half will die before the anniversary...
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