Insurance
Actuaries don’t buy whole life insurance and ILPs
By Investment Moats  •  July 31, 2012
Actuaries don’t buy whole life insurance and ILPs actuary assume i am never wrong tshirt r4e77d4f591134766bc0736862f708ee8 f0czg 512 In fact, they don’t buy a lot of insurance! Actuaries are well trained professionals who help insurance companies balance the risks of insurance product versus an effective value that consumers will be willing to pay for it. Actuaries mathematically evaluate the likelihood of events and quantify the contingent outcomes in order to minimize losses, both emotional and financial, associated with uncertain undesirable events. Since many events, such as death, cannot be avoided, it is helpful to take measures to minimize their financial impact when they occur. – Wikipedia So what do most actuaries buy to insure themselves? An old article in Sunday Time’s interviews Christopher Tan, CEO of Providend:
“I asked an actuary (someone who designs insurance products) who had left an insurance company what he buys for himself. Like many former actuaries I have spoken to, he said he would never buy an investment-linked plan or a whole life ...
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By Investment Moats
Investment Moats is set up by Kyith Ng and have been around since 2005. He aims to share his experiences making sense of money, how money works and ways to grow his money. It hopes that by sharing his experiences, both good and bad, season investors can advice and critique his decisions and new investors can learn from them and find their own style ...
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