What Is an Actuarial Consultant? The term actuarial consultant refers to a financial professional who advises clients on investment, insurance, and pension-related decisions using a variety of measurements. The consultant applies an extensive use of statistics, contingency plans, and large amounts of data to formulate a plan best suited to the client. They calculate and
What is an Actuarial Gain Or Loss? Actuarial gain or loss refers to an increase or a decrease in the projections used to value a corporation’s defined benefit pension plan obligations. The actuarial assumptions of a pension plan are directly affected by the discount rate used to calculate the present value of benefit payments and
What Is Actuarial Risk? Actuarial risk refers to the risk that the assumptions actuaries implement into models used to price specific insurance policies may prove to be inaccurate or wrong. Possible assumptions include the frequency of losses, the severity of losses, and the correlation of losses between contracts. Actuarial risk is also known as “insurance risk.” Key
What Is Actuarial Science? Actuarial science is a discipline that assesses financial risks in the insurance and finance fields, using mathematical and statistical methods. Actuarial science applies the mathematics of probability and statistics to define, analyze, and solve the financial implications of uncertain future events. Traditional actuarial science largely revolves around the analysis of mortality and the
What Is Actuarial Valuation? An actuarial valuation is a type of appraisal of a pension fund’s assets versus liabilities, using investment, economic, and demographic assumptions for the model to determine the funded status of a pension plan. The assumptions are based on a mix of statistical studies and experienced judgment. Since assumptions are often derived from
What Is Additional Living Expense (ALE) Insurance? Additional living expense (ALE) insurance refers to coverage under a homeowners, condominium owner’s, or renter’s insurance policy that covers the additional costs of living incurred by a policyholder should they be temporarily displaced from their place of residence. Such coverage usually amounts to about 10% to 20% of the insurance
Celeriac is a firm, crisp root vegetable that can be started from seed indoors 4 to 8 weeks before the last frost in spring. Set seedlings in the garden after the last frost. Like celery, celeriac seedlings are likely to bolt if exposed to low temperatures in the 30’s and 40’s for more than a
Plant tomato seedlings in the garden 4 weeks after the last frost. Sow tomato seeds indoors 6 to 10 weeks before setting seedlings in the garden. The garden soil temperature for setting out transplants should be at least 60°F (16°C). Tomatoes can be set in the garden sooner if they are protected from the cold
Plant pepper seedlings in the garden 2 to 3 weeks after the last frost in spring. Start pepper seeds indoors 6 to 8 weeks before setting transplants in the garden. Don’t set out pepper seedlings until the average night temperatures are 55°F (13°C). You can set pepper seedlings in the garden earlier if they are
Start eggplant seeds indoors 8 to 10 weeks before setting seedlings in the garden. Transplant eggplant seedlings to the garden 2 to 3 weeks after the last frost. Eggplant seeds germinate in about 10 days. Eggplants grow best in average temperatures between 70° and 85°F (21-29°C). Grow long-season varieties in regions with hot summers. Grow
