09-Feb-2024 18:05:56

insurance_simulation_test():
  MATLAB/Octave version 5.2.0
  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
  Company benefit for death within term 100000
  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    100000

insurance_simulation_test2()
  Average many instances of a single case.

  The case was simulated 1000 times.
  Number of (covered) deaths 237
  Average customer payments  = 18559
  Average company payments   = 23700
  Average bank account value = 47512.8

insurance_simulation_test():
  Normal end of execution.
09-Feb-2024 18:06:00