Great point. Any actuaries care to post?
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...what about the “fuckton” of daily evidence on the Starting Strength Mark Rippetoe Q and A forum dating back years where he offers advice to thousands of people for free?
Question: how much of your time have you given to help thousands of strangers to get stronger and healthier for free over the years?
Pardon? I can’t hear your answer Ghostwolf....
Not an actuary, but I sell a lot of LI. The pricing takes a bit of time to adjust, so it won't reflect changes for a while.
But the time to underwrite/approve is much longer than it was, in general, 12 months ago. Lots of reasons for that though.
Lastly, an approval rating may have been elite, but if someone is sick or just recovered, it may be preferred.
Interesting point, but I think that among the weapons in the armory, this is not the greatest for the purpose of arguing against COVID hysteria. It could be argued that the computer models they have making these calculations don't place a high premium on year-to-year fluctuations in disease, or in some other way that the various factors are weighted such that one authentically bad year for deaths from illness wouldn't be expected to move them.
A computer model is not the same as using a computer to do large arithmetical calculation. Both are useful, but models work with phenomenology.
Actuaries don’t need to understand how cancer shortens your life, just that it does. In reality they don’t care about biology at all. Just numbers.
The better argument is that the older you are, the less likely you have or can get life insurance. They can still accurately calculate a price all the same. I think you need an insurance policy to make a movie with Clint Eastwood, for example.
Can't say this is far wrong. I check this thread rarely anymore and it seems to have become reduced to the same seven or eight people (who strike me as a bunch of retirement-age conspiracy hobbyists with nothing else to do with their time) who just seem to keep going round and round. What's interesting about Mr. Rippetoe is that his apparent ego, hubris and clear desire to be the infallible, all-knowing guy described above can't be helping Starting Strength (including not just Mark himself but the gyms, trainers, coaches and other people who've invested time, reputation or money into this). When the guy who says "Follow my strength program because I base it on science and experience" spends months rejecting facts and posting sketchy stuff from fringe websites, it would seem to cast in doubt his own expertise or knowledge. Every forum user he tells to go fuck themselves, or deletes accounts on, or otherwise alienates, first came here as a potential customer for what he sells. Seems odd.
When this thread began, I think we were all looking for useful information on this new virus and how it might affect us. It seems to end as little more than a Mark Rippetoe ego project (with Q-anon included). And I agree with this poster - Mark Rippetoe, go toe-to-toe with Rogan. See where the conversation goes. You seem mostly to be making a fool of yourself here. True "strength" doesn't reveal itself by being a vulgar, thin-skinned man, but rather by having a bit of humility and decency toward others.
Actuaries are some of the most valued and competent consultants in the business/finance/economics arenas. Insurance, which is far more important than almost anyone recognizes, cannot function, and thus no business decisions can be made, without actuarial assessments of risk. They are very good at what they do.
For shits and giggles, go to:
Antifa.com
Doesn’t get any clearer than that