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Actuarial assumption

In the case of retirement plans, an estimate made for the purposes of calculating benefits. Possible variables include Life expectancy, Return on investments, Interest rates, and compensation. By calculating the possible payout of Benefit, the Actuary can determine what premium to Charge and what amount the Insurance company should set aside as readily available Cash or Liquid securities.

Related Terms: 19 Actuary, Benefit, Cash, Charge, CTA, CLU, ECU, Insurance, Interest, Inc., Interest rate, ITS, Life expectancy, Liquid, Quid, Retire, Return, SEC, Term
Other Related Pages: Category: Retirement Starting With: A
Semi Related Terms: 778 CLICK HERE TO VIEW
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