Not exact matches
When I began working in fixed income
as an
actuary back in 1992, I didn't know
much.
By plugging such information
as your age and health status into a new tool, the
Actuaries Longevity Illustrator, you can get an idea of just how
much longer.
As an
actuary, Bennett brought
much - needed insurance knowledge to the team that comprised the Ashtons and Krooglik before they parted ways.
Using the calculations,
actuaries determine how
much cost will be involved in paying claims
as well
as how
much money the insurance company should collect in order to make sure that they make enough money to pay potential claims and also make money.
Industry experts such
as the American Society of
Actuaries point out that depending on the level of coverages being compared, a Whole Life monthly premium could actually run
as much as five to ten times more than the same amount of Term Life Insurance coverage.
Further the prem amount by LIC (
as well other cos) must have been based on some calculations (
actuaries) and if it is so, there should not be
much difference in their premium rates.