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  1. Replies
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    3,044

    Inscompensclmsdeptcalcs5

    This excel workbook can perform 6 types of calculation, and can also calculate defined benefits which are related to both service and salary, still being done manually in life and pensions claims, as...
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    584

    inscompensclmsdeptcalcs4

    This excel workbook can perform 6 types of calculation, and can also calculate defined benefits which are related to both service and salary, still being done manually in life and pensions claims, as...
  3. Replies
    0
    Views
    1,013

    inscompensclmsdeptcalcs3

    The latest excel spreadsheet which can perform 6 types of calculation still being done manually in life and pensions claims, as well as actuarial, departments within insurance companies is called...
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    1,148

    inscompensclmsdeptcalcs2.xls

    This stock excel workbook is on Scribd and can be used to perform a lot of the foundation calculations often still being done manually within pensions, as well as life, claims and actuarial...
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    736

    Excel Spreadsheets: Rounding

    For quick reference;
    Int(y/x)*x rounds y to the lower x
    (Int(y/x)+1)*x rounds y to the higher x
    Int(y/x+0.5)*x rounds y to the nearer x
  6. Inputting “age band” rate tables to excel

    “Age band” rate tables can be input “longhand” to excel spreadsheets as lookup tables. For example, the rate table;

    Age rate
    <50 0
    51 to 55 0.1
    56 to 60 0.2...
  7. Inputting “age band” rate tables to excel

    “Age band” rate tables can be input “longhand” to excel spreadsheets as lookup tables. For example, the rate table;

    Age rate
    <50 0
    51 to 55 0.1
    56 to 60 0.2
    61...
  8. EPV of term life insurance payable at end of 1/m year in which death occurs

    Why do text books always leave the EPV of an n year life insurance benefit of one unit of money payable at the end of the 1/m year (m =, for example, 1,2,4 or 12) in which death occurs as the sum,...
  9. Thread: t_p_x*mu_x+t

    by camel61
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    2,716

    t_p_x*mu_x+t

    Why do text books not just write t_p_x*mu_x+t as minus l’_x+t/l_x since t_p_x is l_x+t/l_x and mu_x+t is minus l’_x+t/l_x+t meaning that t_p_x*mu_x+t equals (l_x+t/l_x)*( minus l’_x+t/l_x+t) which...
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    5,445

    Compound discount and compound interest

    0 < d(m) < m which, because lim m→infinity d(m) is delta, means that 0 < delta < infinity (or 0 < delta).
    0 < i(m) which, because lim m→infinity i(m) is also delta, again means that 0 < delta.
  11. EPV ofa life insurance benefit of one unit of money if the interest rate were to = 0

    If the interest rate were to equal 0 then the EPV of an n year life insurance benefit of one unit of money would equal one unit of money minus one unit of money*n_p_x which reduces to just one unit...
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    1,715

    temporary complete life expectancy

    dear professor,
    Why is the temporary complete life expectancy not just the integral with respect to t between 0 and n of the function t*t_p_x*mu_x+t, which, integrating by parts, becomes minus...
  13. life contingencies, epv of term life insurance payable at instant of death

    dear professor,
    Why do text books always leave the EPV of an n year life insurance benefit of one unit of money payable at the instant of death as the integral with respect to t between 0 and n of...
  14. Life Contingencies: Computer Spreadsheets and EPV Calculations

    Due to the wide availability of computer spreadsheets, there is, surely, no longer any need to approximate the *exact calculation of the expected present value (EPV) of a life annuity (temporary or...
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