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Chart 21 | ||||||||||||
Run the deficit out forever and it’s a huge difference from that rounding error! Most of this is just the effect | ||||||||||||
of compounding over 70 years. The present value at the beginning of all those extra (really, premature) | ||||||||||||
deaths is $7.60. That’s just a bit more than the first year premium of $7.27. What a coincidence! If you | ||||||||||||
could do something to be sure you avoided that extra death per thousand, on sheer economics it would be | ||||||||||||
worth a year’s premium up front. Remember that concept |