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Calcimator

Actuarial Reserve Calculator

Calculate required actuarial reserves for insurance policies and pension plans using actuarial methods.

Inputs

per 1000

Results

Required Reserve

$836,703.14

Actuarial Liability

$836,703.14

PV of Obligations$456,386.95
Mortality-Adjusted PV$438,474.2
Lapse-Adjusted PV$157,186.83
Reserve Ratio83.7%

Required Reserve

$836,703.14

Actuarial Liability

$836,703.14

How to Use This Calculator
  1. Start by filling in the input fields below. Results update instantly as you type, so you can experiment with different values to see how they affect the outcome.
  2. Future Obligations — Total future benefit obligations default: 1,000,000.
  3. Discount Rate — Discount rate for present value default: 4.
  4. Years to Maturity — Years until obligations are due Accepts values from 1 to 100 (default: 20).
  5. Mortality Rate — Annual mortality rate Accepts values from 0 per 1000 to 100 per 1000 (default: 2 per 1000).
  6. Lapse Rate — Annual policy lapse rate default: 5.
  7. Annual Expenses — Annual administrative expenses default: 50,000.
  8. Once all inputs are set, review your results in the Results panel. Here's what each output means:
  9. Required Reserve — shown as a dollar amount. This is the primary result of this calculator.
  10. Actuarial Liability — shown as a dollar amount. This is the primary result of this calculator.
  11. PV of Obligations — shown as a dollar amount.
  12. Mortality-Adjusted PV — shown as a dollar amount.
  13. Lapse-Adjusted PV — shown as a dollar amount.
  14. Reserve Ratio — shown as a percentage.
  15. Explore the related calculators below if you need deeper analysis or want to approach this topic from a different angle.
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Formula

Reserve = PV(Obligations) × Survival × (1 - Lapse) + PV(Expenses)

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Insurance Premium Calculator

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Pension Benefit Calculator

Calculate pension benefits, present value, and retirement income using actuarial methods.

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