Actuary

Technical expert in life insurance, particularly in mathematics. The person in this job applies the theory of probability to calculate mortality rates, morbidity rates, lapse rates, premium rates, policy reserves, and reserves, and other values.

See Also: Annuity mortality table; Annuity; AM Best Rating; Aggregate Limit; Agency System; Administrator; Accidental death benefit rider; Actuarial department; Allstate insurance;

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