Meaning of actuary

[frank]

Business English Lesson, Advanced Level

ESL/EFL Test #129 "Insurance Policy Vocabulary", question 5

The amount of money that my wife will get has already been calculated by State Ranch's ..........

(a) manager
(b) archivist
(c) actuary
(d) agent

Business English Lesson, Advanced Level

ESL/EFL Test #129 "Insurance Policy Vocabulary", answer 5

The amount of money that my wife will get has already been calculated by State Ranch's actuary.

Correct answer: (c) actuary

Your answer was: incorrect
The amount of money that my wife will get has already been calculated by State Ranch's agent.
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What does actuary mean?

[Linda]

Hello,
An actuary is a professional who calculates financial risks and probabilities for people or companies. Sometimes they work for insurance companies, banks or anyone who wants to know what kind of financial risk or gain is involved.
I hope that helps.
Linda

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