At what stage of setting up a life policy you need actuarial services?
The actuarial process begins at the quotation stage. Its on their assessment of your health, life style, age, etc that determines the premium, and conditions of the proposed contract. The information you supply is then scrutinised and if necessary questioned by the provider.You will have no direct contact with the actuaries
actuary SERVICES are generally not going be used in setting up individual life policies. insurance underwriters will use rating tables to set up an individual policies.
A life insurance company would use actuary services to determin the amount of reserves necessary to imdemnify their book of business.
An individual would not employ the use of an actuary.
Not sure if I answered your question.
Answers:
It is advisable that you talk with your insurance agent before you go into subjects like needing actuaria services. this is because in most cases, you are not the one who's going to handle an actuary.
I think it would also depend on the life insurance poliy you obtain. Just shop around for the best possible life policies there is and choose the one you think is best for you (and don't think about the actuary at this stage yet).
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Regular people should NEVER contact actuaries. Only accountants really need to speak with them (or can understand them). Just talk to your insurance agent.