What does the term "actuary" really mean?
term "actuary" is defined by Bartleby as follows: (AK-chooh-er-ee)
A mathematician who uses statistics to calculate insurance premiums. We
actually do much more than this, but it's a good start in understanding
What is a "mortality table"?
a table showing how many members of a group starting at a certain
age will be alive at each succeeding age. It is used to calculate
the probabilty of dying in (or surviving through) any period. To
be appropriate for a specific group it should be based on the experience
of individuals having common characteristics (such as sex or occupation). Click
view an example.
Are you certified to practice in NJ?
professionals at E.H. Thomson & Company are highly qualified in both tax-qualified
and non-qualified arrangements. We are certified to serve all of your actuarial,
risk management and regulatory compliance needs.