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Summary

Actuarial & Life Insurance Component by Figlo

URLs: actuarial-life-insurance, actuarial life insurance, actuariallifeinsurance, figlo

Calculate a wide range of different life insurance calculations and financial products. Actuarial & Life Insurance Component can be used to perform pension calculations, actuarial present value calculations, annuity (financial contract) calculations, defined benefit calculations, retirement calculations and more. Within the Actuarial & Life Insurance Component, Figlo offers the Mortality Table Data Service, a Web Service that accesses the latest mortality life tables per country and that can act as a data feed for the Figlo Actuarial & Life Insurance Component. Figlo licences for Actuarial & Life Insurance Components are issued on a simple 'per user' or 'unlimited use' basis without charges for royalties, runtimes, or server deployment fees. An Ultimate Licence is required for multi-use, redistribution or packaging of Figlo Components.

Actuarial and Life Insurance component is a .NET component. It contains a set of API calls to calculate different forms of life insurance, its value, premiums and mortality risks for one or two persons. The component is designed for developers who to want quickly integrate actuarial and life insurance functionality into their applications.

Here are a few application examples for this component:

Endowment insurance. A simplest form of saving insurance, which guarantees you a certain amount if you survive a number of years.

Life annuity, such as pension.

Death annuity or family benefit income. A series of payments, which start immediately after the death of a person, and stops at the end of the insurance, e.g. surviver pension, or partner pension.

Death insurance which is paid out only after the client dies is also frequently called 'pure term life assurance', e.g. funeral assurance. You can specify the payout due moment: direct on death, end of the year or end of the insurance (fixed-term).

First-to-die life insurance benefit. First-to-die life insurance insures the life of at least one of two people and pays a benefit upon the first death of the insured persons. This insurance policy is useful for covering a mortgage or other large debt obligation where there is more than one debtor.

Last-To-Die life insurance (often referred to as second-to-die, or survivorship), is a form of insurance policy that insures the lives of at least two persons (used for estate taxes).

Combined insurance, which is a combination of any type of insurances (e.g. most frequently used death insurance with endowment insurance, or endowment insurance with premiums refund after death, or death annuity in combination with death insurance).

Premiums, capitals and annuities can be configured and calculated in many ways:

Single

Constant

Increasing or decreasing (linear or with compound rates)

Delayed, temporary or whole life

Custom template

In addition component supports annuities due:

YearBegin

YearEnd

HalfYearBegin

HalfYearEnd

QuarterBegin

QuarterEnd

MonthBegin

MonthEnd

Continuous

Actuarial & Life Insurance Component also includes sample xml mortality tables.

Calculate a wide range of different life insurance calculations and financial products.

Operating System for Deployment: Windows Vista, Windows XP

Architecture of Product: 32Bit

Product Type: Component

Component Type: .NET Class, 100% Managed Code

Compatible Containers: Microsoft Visual Studio 2008, Microsoft Visual Studio 2005, Microsoft Visual Basic 2008, Microsoft Visual Basic 2005, Microsoft Visual C++ 2008, Microsoft Visual C++ 2005, Microsoft Visual C# 2008, Microsoft Visual C# 2005, .NET Framework 3.5, .NET Framework 3.0, .NET Framework 2.0

Keywords: Financial finance bank banking insurance