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This tool allows you to explore the impact on reserves and shareholder capital of different mortality assumptions. Note that this tool calculates using continuous-time mortality and interest, so fractional years of age, or steps in years of age, are permitted. Full documentation of the model structures used here can be found in the paper A handbook of parametric survival models for actuarial use, published in the Scandinavian Actuarial Journal.

This tool is provided without warranty of any kind.

Capital calculator

Percentage of table %
Mortality table applied continuously, i.e. force of mortality
From age
...in steps of years
...up to age
dt
Interest rate % per annum, earned continuously
Solvency margin % of mathematical reserves
Statutory mortality margin %
Statutory interest margin bps
Pricing margin bps
Annuity payment per annum, paid continuously
Payment escalation % per annum, applied continuously
Initial expense per policy initial
Commission rate % of premium initial
Renewal expense per annum, paid continuously
Termination expense per policy on death
Expense inflation % per annum, applied continuously
Return results
Alpha (only needed for mortality laws)
Beta (age) (only needed for mortality laws)
Rho (Beard) (only needed for mortality laws)
Epsilon (Makeham) (only needed for mortality laws)
Sigma (Weibull) (only needed for mortality laws)
Copyright © Stephen Richards. All rights reserved. Errors and omissions excepted. Legal info.
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