In the case of retirement plans, an estimate made for the purposes of calculating benefits. Possible variables include life expectancy, return on investments, interest rates, and compensation. By calculating the possible payout of benefits, the actuary can determine what premium to charge and what amount the insurance company should set aside as readily available cash or liquid securities.
Related information about actuarial assumption:
- Actuarial Assumption Definition | Investopedia
An actuarial assumption is an estimate of an uncertain variable input into a financial model, normally for the purposes of calculating premiums or benefits.
- What is actuarial assumption? - InvestorWords.com
Definition of actuarial assumption: In the case of retirement plans, an estimate made for the purposes of calculating benefits. Possible variables include life ...
- What is actuarial assumption? - BusinessDictionary.com
Definition of actuarial assumption: Forecasted conditions that may affect the payment of insurance or pension plan benefits.
- Actuarial Assumption Definition - What is Actuarial Assumption?
What is Actuarial Assumption? Find out right now with a helpful definition and links related to Actuarial Assumption.
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