What does the term "actuary" really mean?

The 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 our craft.


What is a "mortality table"?

A "mortality table" is 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).
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Are you certified to practice in NJ?

The 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.