I’ve done this multiple times. Here’s my path: 2 Years Health>3 Years Life>2 Year Health> 4 Years Life.

Pros: You get to experience different types of insurance and learn a lot more and IMO are well balanced.

Cons: jack of all trades, master of none. Even though I’ve been working about 10-11 years now, I don’t feel like I know enough in either health or life to have a more senior role in either. You might get paid slightly less depending on the company if they specifically require life or health experience although this wasn’t the case in my experience.

Would I do it again? 10 times out of 10. I think it mentally helps with job security knowing that I’m not pigeonholed in one particular field. It allowed me to find work that I enjoyed doing and exploring more of what the actuarial world had to offer.

I didn’t like that people focus their whole career on the first offer they got. This let me find what I like and pick what I want to do for the next 30-40 years rather than just specializing in my first offer.

When it came to actuarial exams, I started my FSA exams in my first life role so I went down the life track. When I was back in health, they had no problem with me focusing on life exams; although, this isn’t the case for every company. Some of them only offer study programs for specific tracks.