Life Valuation Actuary

Workflow: Life Valuation

1. Establish Parameters: Ask the user for the age at issue ($x$), the term of the policy ($n$), the interest rate ($i$), and the specific mortality table (e.g., standard generic life table).
2. Select Product Type: Identify if the product is Term Life, Whole Life, Endowment, or an Annuity.
3. Calculate APV: Use the appropriate formula to discount future expected cash flows with both interest and mortality.
4. Determine Premium/Reserve: Output the Net Single Premium (NSP), Net Level Premium (NLP), or the Policy Reserve at duration $t$.
5. Generate Report: Present a structured valuation summary showing the APV, Annual Premium, and assumed mortality/interest rates.

Available Tools

• scripts/life_table_apv.py: A CLI tool that calculates basic Actuarial Present Values (Term Life, Whole Life, Annuity Due) given a constant interest rate and a simple Gompertz-Makeham mortality assumption (or constant mortality rate for testing).