You’ve probably heard the term “actuary,” but what exactly does an actuary do?
Consider this:
When you need legal advice, you turn to a lawyer.
When you need medical advice, you consult a doctor.
When it comes to insurance advice, you should trust an actuary.
Simply put, actuaries are experts in risk management.
They use mathematics, statistics, and financial theory to predict future events and help individuals and businesses develop strategies to minimize financial losses.
Actuaries focus on two key areas:
Predicting when events might randomly happen in the future
Determining how much money should be set aside today to cover potential financial losses in the future.
Their expertise is essential in industries like insurance, finance, and retirement planning, where assessing and managing risk is critical.
By analyzing data and building predictive models, actuaries help create financial stability in an unpredictable world.
How Actuaries Can Support Financial Advisors
In the insurance world, actuaries calculate the premiums that policyholders must pay for coverage and ensure sufficient reserves are set aside to cover future claims.
If insurance companies depend on actuaries to assess risk, shouldn’t financial advisors do the same when evaluating their clients’ financial risks?
Advisors should utilize actuarial expertise in complex situations, such as structuring insurance policies or mitigating investment risks, to help clients manage their risk exposure and strengthen their long-term financial security.
How Core Income's Actuarial Expertise Sets You Apart
At Core Income, our team of actuaries and educated professionals use independent, fact-based insights to identify mathematically superior strategies for your clients.
Our strong foundation in actuarial expertise offers advisors a competitive edge, enabling you to provide reliable, data-driven, third-party recommendations.
With Actuary Lab, you have the precision of an actuary at your fingertips! This proprietary (and free!) suite of risk management tools simplifies complex technical concepts like inflation, longevity, internal rate of return, and sequence of returns and turns them into simple, customized reports for your clients.
Hear from an advisor on how Core’s actuarial expertise has impacted his practice:
“Core’s actuarial expertise helps me excel. The opportunity to give the client an opinion when it’s not a sales structure but fundamental actuarial work differentiates us from a compliance standpoint and allows us to give clients confidence." – Robert O.
With clear, objective strategies backed by rigorous analysis, you can confidently guide clients toward long-term financial security while effectively managing risk.
About our Head Actuary, Dan Slater
Dan Slater brings over 25 years of actuarial expertise to his role as Founder and Head Actuary at Core Income. Before establishing Core, he spent over a decade as Head of Product at Allianz Life. His exceptional contributions earned him the Allianz Employee of the Year Award, underscoring his outstanding achievements and dedication in the field.
Call us today at 800-541-7713 or email info@coreincome.com to see how we can elevate your practice with actuarial expertise.
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Core Income is an FMO, IMO, and independent insurance brokerage dedicated to serving financial advisors, their staff, and their clients.
Our mission is to help advisors deliver financial certainty by supporting them through actuarial precision, elite responsiveness, and collaborative partnerships.
To learn more about how we can support you, schedule a consultation with our team or call us at 800.541.7713.
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