Sat Feb 10 10:22:07 2024

insurance_simulation_test():
  Python version: 3.8.10
  Simulate term life insurance.

insurance_simulation_test1()
  Observe a single case year by year.

  Customer age:  25
  Number of years of coverage  40
  Annual payment =  500.0
  Company benefit for death within term  100000.0
  Annual interest rate is  0.04

Bracket   P(Death)      Pay       Bank  Benefit

[25,26]    0.0018       500       500         0
[26,27]    0.0018      1000      1020         0
[27,28]    0.0018      1500      1561         0
[28,29]    0.0018      2000      2123         0
[29,30]    0.0018      2500      2708         0
[30,31]    0.0018      3000      3316         0
[31,32]    0.0018      3500      3949         0
[32,33]    0.0018      4000      4607         0
[33,34]    0.0019      4500      5291         0
[34,35]    0.0021      5000      6003         0
[35,36]    0.0023      5500      6743         0
[36,37]    0.0025      6000      7513         0
[37,38]    0.0027      6500      8313         0
[38,39]    0.0029      7000      9146         0
[39,40]    0.0030      7500     10012         0
[40,41]    0.0033      8000     10912         0
[41,42]    0.0037      8500     11849         0
[42,43]    0.0042      9000     12823         0
[43,44]    0.0049      9500     13836         0
[44,45]    0.0054     10000     14889         0
[45,46]    0.0059     10500     15985         0
[46,47]    0.0065     11000     17124         0
[47,48]    0.0071     11500     18309         0
[48,49]    0.0076     12000     19541         0
[49,50]    0.0082     12500     20823         0
[50,51]    0.0090     13000     22156         0
[51,52]    0.0097     13500     23542         0
[52,53]    0.0101     14000     24984         0
[53,54]    0.0108     14500     26483         0
[54,55]    0.0112     15000     28042         0
[55,56]    0.0119     15500     29664         0
[56,57]    0.0124     16000     31351         0
[57,58]    0.0132     16500     33105         0
[58,59]    0.0140     17000     34929         0
[59,60]    0.0152     17500     36826         0
[60,61]    0.0168     18000     38799         0
[61,62]    0.0146     18500     40851         0
[62,63]    0.0156     19000     42985         0
[63,64]    0.0174     19500     45205         0
[64,65]    0.0194     20000     47513         0

insurance_simulation_test2()
  Average many instances of a single case.

  The case was simulated  1000  times.
  Number of (covered) deaths  233
  Average customer payments  =  18496.5
  Average company payments   =  23300.0
  Average bank account value =  47512.757849208174

insurance_simulation_test():
  Normal end of execution.
Sat Feb 10 10:22:07 2024