lifelib v0.3.0 (9 October 2021)¶
This release introduces a new library and some updates. To update lifelib, execute the command:
>>> pip install lifelib --upgrade
savings library is introduced.
savings library is for
modeling savings products, such as universal life, unit-linked,
variable life and annuities.
The library includes two models,
The models project cashflows
and account values of generic hypothetical savings products.
See The savings Library page for details.
Fixes and Updates¶
The inflation factor in
basiclifeis updated so that the factor is compounded every month instead of once every year.
The formula of the number of lapse in
basiclifeis updated so that the number of lapse is based on the number of polices after deduction of the number of death.