Sentences with phrase «actuarial calculations»
"Actuarial calculations" refer to mathematical computations and statistical analysis done by actuaries. Actuaries use these calculations to assess and manage risk, particularly in the insurance and financial industries. They use mathematical models and data to predict the likelihood of specific events happening, such as accidents, deaths, or financial losses. These calculations help them determine insurance premiums, develop investment strategies, and make informed decisions about risk management. Full definition
This assumption relies on actuarial calculations based on past trends.
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And like a regular pension plan, IPP contributions are determined by actuarial calculations to provide sufficient income at retirement, and this income is generally greater than that available from RRSPs.
The final annuity disadvantage that now goes without mention is that annuities are inherently complex vehicles, combining investment options with actuarial calculations.
Recently, the retirement agency lowered its assumed annual rate of return on investments from 7.5 percent to 7.25 percent, based on actuarial calculations.
And like a regular pension plan, IPP contributions are determined by actuarial calculations to provide sufficient income at retirement.
Hiltonsmith's headline finding that Rhode Island's new plan will cost the state more is based only on a cursory citation of the state's actuarial calculations.
For example, if your income rider growth amount is $ 500,000 and you turn the income stream on at age 65, the carrier might assign a 6 % actuarial calculation.
This is an actuarial calculation and the consequences of a reduction for the NHS and insurers are irrelevant.
States discourage insurance companies from using income and education as factors in the actuarial calculations used to set premiums, but most companies either ignore the state recommendations, or use surrogate indicators like geographic demographics to achieve the same effect.
In some areas, the insurance premiums are mandated by the government, however in most areas, the premium is decided on based on actuarial calculations, which takes statistics into account.
It is based on the actuarial calculation that factors the death benefit when it comes to funding the Long Term Care Benefit Account and this determines the conversion value of the life policy.
Project work involved VB6 coding as well as MS Access in addition to some actuarial calculations related to th...