Question : How do they calculate life insurance rates?

life insurance rates

Best answer:

Answer by dusty_titus
Funny you should ask – the profession is called “actuaries”. In other words “bead counters” These people set up graphs and charts and figure out exactly to the month and year when somebody will die, based on their sex, age, occupation, health & life styles, who their parents are, if they’re still living, if not what they died from, how many children they have, where their ancestors come from, how many sisters and brothers they have and their ages and when they died. Its a business but after they factor all the facts in they decide you will live to a certain age, and everything – boom up comes your rate.