There is something depressing about a lifestyle casualty, someone whose boozing and smoking bring about the actuarially predictable consequences. |
Its primary business is writing low-volatility, contractually capped multi-year reinsurance contracts with actuarially assessed cash flows that pay out over several years. |
The program is already unsound, he argued, because it's not actuarially supported, and it will stay broken until it is on actuarially sound footing. |
Assure that the full actuarially required contribution is paid every year. |
Young people are actuarially cheaper to insure than older people. |
In effect, this would result in pensions being actuarially reduced for early payment. |