lifelib v0.5.0 (9 July 2022)#

This release adds a new model, BasicTermASL_ME in the basiclife library.

To update lifelib, run the following command:

>>> pip install lifelib --upgrade

If you’re using Anaconda, use the conda command instead:

>>> conda update lifelib

New Model#

BasicTermASL_ME is an adjustable step length(ASL) model, and projects the cashflows of in-force policies at time 0 and future new business policies issued after time 0.

Unlike BasicTerm_ME, with BasicTermASL_ME the user can specify the length of each projection step, from 1 month to 1 year. By default, the first 60 steps are monthly projections, while steps after that are annual. This model reads issue date information from model point input, and handles policy anniversaries precisely. See BasicTermASL_ME for more details.