Pricing & Product Development

Creating successful product portfolios for our clients

Our expert pricing and product development team can provide services for many product lines including Individual and Group products for both Life and Accident and Health.
We offer a high level of expertise in providing state actuarial memorandums and supporting documentation required to get your product approved. We can also provide assistance in obtaining reinsurance, third-party administration, and sales distribution opportunities.
How do we specifically help our clients with their needs?
  • Assumption development (morbidity, mortality, lapses)
  • Application and underwriting guidelines
  • Premium rate development (including rating tools)
  • Group experience rating
  • Statutory and GAAP profit projections (including tax impact)
  • Calculation of profits and measures to meet company’s profit goals
  • Actuarial memo
    • Develop state-specific actuarial memorandums
    • Work with state insurance departments to obtain approvals
  • Work with administrative departments to successfully transition products onto their systems

Want to enhance your sales?

We can have a no-obligation discussion on how Wakely Actuarial can provide the best in actuarial solutions.

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Wakely Insights

Bill Reynolds
Principal & Consulting Actuary
"There is a sense of accomplishment with successfully developing a new product. It is definitely a rewarding part of the job when you put something out there that wasn't there before, and the product meets all of its varied goals."