Life Insurance Products Valuation in R Data Camp

Overview

Context

Understanding the basic principles of life insurance products is essential for your personal financial planning, ranging from taking out a mortgage to designing your retirement plan and seeking financial protection for the risk of dying early. 

In this Life Insurance Products Valuation in R course offered by Data Camp, you'll study the time value of money and you’ll derive demographic markers (such as the life expectancy). You'll come out of this course understanding the valuation of life contingent claims: life annuities, which provide an income upon survival, and life insurance products, which pay a benefit upon death of the policyholder.

What you will learn during this course:

• You will learn the basics of cash flow vectors and their valuation with discount factors. You will then evaluate investments based on their net present value and build your own mortgage calculator. Finally, you will learn about fixed and variable interest rates; and annual and monthly rates.
• Life tables play a vital role in life insurance products. You will work with data sets from the Human Mortality Database by building meaningful visualizations to study the evolution of mortality data over age and time. You will also use survival and death probabilities.
• You will learn about the basics of life annuity products and their valuation by working on cases ranging from simple life annuities to retirement plans.
• You will learn how life insurance contracts are relevant in your financial planning by designing whole life, temporary and endowment insurances.