1) I think he means an Hourly Rate - and even that is conservative...;

2) Astonishing how many people sit above, feed off, and commentate on the actual client facing Advisers, never acknowledging the destructive "Food Chain" of Financial Services; its idiotic, convoluted, counter productive, extremely expensive, extremely bureaucratic, politically and ideologically designed morass;

3) I wonder where these "Actuaries" come up with the Life Insurance Premium Rates?

* How are they approved [once upon a time, we were told that all increases need to be approved by the Federal Government Actuary!]?

* How they sit with the doctrine of commercial "Utmost Good Faith", and "Unconscionable Conduct" as the Insurance Companies apparently try and drive the older, higher risk Insured out of their risk pools, decimate Advisers, and collapse the system, while being "The Last Man Standing"?

This is, of course after they merged themselves into becoming a tiny, uncompetitive, non innovative, self cannibalising market, while continually searching for "The Next Short Term Big Thing" [unsustainable, cross subsidised Group Insurance, discounted 1st/2nd year premiums, raping and pillaging Adviser Commissions...].

I have just seen a ~30% increase [after multiple years of 10-15% increases] for myself and clients-females, males, non smokers, etc...

ACTUARIES CALCULATE ALL THIS... And oh, BTW... who does the "modelling" for "Climate Change" and "Covid-19 Projected Death Rates"?

The lunatics are running the asylum.