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Actuary |
Also found in: Dictionary/thesaurus, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.04 sec. |
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Actuary A professional statistician working for an insurance company. They evaluate your application and medical records to project how long you will live. Notes: Actuaries are intensively educated and their knowledge is used in many different fields in order to predict future events based upon past occurences. |
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? Mentioned in | ? References in periodicals archive | |
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The legislation
stated that premium charges "shall not be excessive, inadequate,
nor unfairly discriminatory, and shall be actuarily sound so as not to
result in a subsidy of the plan. Since then,
the only change in the social security retirement age has been to lower
it; actuarily reduced benefits have been made available as early as age
62. |
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