Actuarial Age

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Dictionary Says

Definition of 'Actuarial Age'

An individual's life expectancy based on calculations and statistical modeling. Actuaries use mathematical and statistical computations to predict a person's life expectancy, or his or her actuarial age, to assist insurance companies with pricing, forecasting and planning. For instance, knowing a person's actuarial age will help determine the most appropriate payments from an annuity.
Investopedia Says

Investopedia explains 'Actuarial Age'

A person's actuarial age is the age to which mathematical and statistical modeling indicate a person will live. The actuarial age reflects factors such as health and serious medical conditions. Actuaries assess risk for insurance companies and use computerized predictive modeling to project probable outcomes for a wide variety of circumstances.
Search results for

'Actuarial Age'

  • 401(k) And Qualified Plans: Types Of Plans | Investopedia

    http://www.investopedia.com/university/retirementplans/qualifiedplan/qualifiedplan1.asp
    ... benefits are predetermined by their compensation, years of service and age. ... The employer
    will make contributions that, based on actuarial assumptions including ...

  • Life Expectancy: It's More Than Just A Number

    http://www.investopedia.com/articles/insurance/09/life-expectancy-insurance-annuity.asp
    ... Cold, Hard Numbers Life expectancy is defined as the age to which ... for Health Statistic's
    website and the Social Security Administration's Actuarial Period Life ...

  • Retiring: Is $1 Million Enough?

    http://www.investopedia.com/articles/retirement/08/retire-on-1-million-dollars.asp
    ... (The Social Security Administration publishes actuarial life tables which
    list your average life expectancy according to your age.). ...

  • 5 Steps To A Retirement Plan

    http://www.investopedia.com/articles/retirement/11/5-steps-to-retirement-plan.asp
    ... spend around $50,000 per year on basic life expenses while alive; actuarial life
    tables ... A primary advantage of planning for retirement at an early age is that ...

  • The Defined-Benefit Plan's Many Problems

    http://www.investopedia.com/articles/retirement/10/demise-defined-benefit-plan.asp
    ... Given her age, let us assume that she will work 45 years before she reaches ... of money,
    the Company ABC DB plan would be fully funded from an actuarial point of ...

  • Financial Statements: Pension Plans | Investopedia

    http://www.investopedia.com/university/financialstatements/financialstatements9.asp
    ... salary increases or the average age of retirement. Either of these changes would
    increase the PBO and the additional cost would show up as an actuarial loss. ...

  • Financial Designations That Employers Require - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0112/Financial-Designations-That-Employers-Require.aspx
    ... markets and institutions in response to dodgy Jazz Age sales practices ... Actuarial
    Practice Actuaries manage property and casualty liabilities, life contingencies ...

  • Introduction To Annuities: The History Of Annuities | Investopedia

    http://www.investopedia.com/university/annuities/
    ... annuities, and he is also credited with creating the very first actuarial life table ...
    annuities cost the same for any investor, regardless of their age or gender ...

  • Saving Money With A Private Annuity Trust

    http://www.investopedia.com/articles/retirement/06/PrivateAnnuity.asp
    ... receives the entire principal and all of the accrued interest under actuarial
    assumptions ... As long as you are under age 70.5, you can start receiving income from ...

  • A Primer On Defined-Benefit Pension Plans

    http://www.investopedia.com/articles/retirement/11/defined-benefit-pension-plans-primer.asp
    ... 5. Actuarial Adjustments: These are changes made to the underlying assumptions ... which
    benefits are discounted, the average employee retirement age and mortality ...

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