lifelib v0.1.1 (23 July 2021)¶
This release introduces the following changes. To update lifelib, execute the command:
>>> pip install lifelib --upgrade
Projects renamed to Libraries
lifelib projects are now called libraries.
Introduction of the basiclife library
This release introduces a new cashflow library,
Prior to this release,
simplelife was the base cashflow library,
fastlife was the faster reimplementation of
More complex models in other advanced libraries such
are based on
simplelife for their base cashflow models.
simplelife was not ideal for the base cashflow library
The model includes multiple spaces, which makes it hard for novice users to understand the model.
The method of calculating premiums and cash values used in the model is based on the commutation functions and is not common in many regions.
The model is an annual step model, but monthly step models are more common in actual practices.
basiclife library contains a new cashflow model
and also its reimplementation
which produces the same results as
BasicTerm_S significantly faster.
basiclife will be the new base cashflow library
for future new libraries,
although all the libraries existing prior to this release continue
to be available.
The new cashflow models in
basiclife are monthly-step models
and much simpler than the models in
basiclife page for more details.
The Quick Start page is also updated
basiclife as the sample library instead of
lifelib v0.1.0 is discarded due to packaging error.