Annuities are long-term investment vehicles used for protecting your financial assets and securing your financial future with a steady stream of income during retirement. They’re often sold by insurance companies, financial intermediaries, banks or independent brokers. When you purchase an annuity, you’re essentially buying an insurance contract. You pay the insurer a set amount of …
We see many unexpected things happening to all of us in life. However, we cannot stop these events from occurring. But we can definitely provide some kind of protection when such unexpected events occur. Insurance policies are designed to give us some kind of financial protection if any unexpected event or disaster happens. Financial experts …
In this article we will have a detailed look at different types of actuaries and their roles and responsibilities but before that let’s find out what is the meaning of actuarial science and what its applications are. Actuarial science is a field of mathematics which studies and quantifies financial risk using probability and statistics. Students …