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The definitions contained herein are for general information only and are not
designed for use in connection with the interpretation of any insurance policy
or annuity policy issued through Insurance Answer Center.
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Life Insurance Glossary Terms 4 A B C D E F G H I J K L M N O P Q R S T U V W Y |
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Actuary |
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An actuary is an insurance specialist who is trained in mathematics and conducts various statistical studies. For example, an actuary calculates the premiums needed to pay the death benefits under a term life insurance policy by looking at historical mortality trends. On permanent policies, such as whole life, universal life or annuities, the actuary determines how much money the company needs today to ensure it can pay benefits due under your policy in the future. |
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Learn More about Life Insurance
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| Answer Financial(R) Inc. offers insurance products and services through its licensed affiliates Insurance Answer Center(R) Inc. (California License No. 0B99714), Answer Center Insurance Agency, Inc., and other affiliates. Answer Financial is not an insurance company. Insurance plans and services are from insurance companies and other licensed insurance-related providers. Not all products available in all states. Rates subject to change. |
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