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fin.life-insurance-net-premium Calculator
Calculates the actuarial net premium for a term or whole life insurance policy from mortality probability and discount rate. The net premium uses mortality probabilities from a life table — the gross premium adds expense loading on top.
Inputs
Age
Age in completed years. Many health and fitness formulas adjust for age.
Term Yr
Reference formula or conversion factor shown for context.
Sum Assured
Reference formula or conversion factor shown for context.
Interest Pct
The rate at which interest accrues. Small differences compound dramatically — compare carefully when choosing between lenders.
Qx Per 1000
Amount per unit of time or per unit quantity. Check the denominator before interpreting.
Results
annual net premium P ($)
The price paid for the option or insurance coverage. Option premium = intrinsic value + time value + volatility premium.
APV of death benefit A ($)
The value at the specified point or condition.
APV of premium annuity ä
The price paid for the option or insurance coverage. Option premium = intrinsic value + time value + volatility premium.
net premium rate per $1000 SA
The price paid for the option or insurance coverage. Option premium = intrinsic value + time value + volatility premium.
P = SA · A_x:n / ä_x:n
Sample size or count used in the calculation.
premium loading note
The price paid for the option or insurance coverage. Option premium = intrinsic value + time value + volatility premium.