Individuals generally purchase insurance products from commissioned agents or brokers.
These professions generally do a good job of serving the interests of their clients. However, the structure of their compensation arrangements makes complete objectivity difficult to achieve.
I have been involved in designing and pricing life and health insurance products since the late 1970’s. I know what assumptions and methods are used to calculate the premium rates. I can compare alternative products and help determine which is most favorable for each prospective buyer. When large amounts of premium are involved such an objective analysis can often be valuable.
I can also help with appraisal valuations on assets that involve future contingent cash flows. Actuaries do these types of projections every day.
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