What does Actuarial Equity mean? Read on to discover the definition & meaning of the term Actuarial Equity - to help you better understand the language used in insurance policies.
Actuarial equity is the method an insurance company uses to establish a premium. This is calculated based on several factors, including age, health profile, sex, family medical history, and the type of insurance the applicant wants to buy.
We hope the you have a better understanding of the meaning of Actuarial Equity.