What Does A Life Insurance Actuary Do? 
Life insurance actuaries : 1 . Determine risk of life insurance applicants based on statistics , 2 . Help determine policy pricing and company reserves , 3 . Help develop new lines of business , 4 . Help develop policy contract provisions , 5 . Provide explanations , advice , and testimony as needed to customers , colleagues , company executives , financial institutions , public agencies , courts , and government workers . 