Posted on by Arthur da Silva

Life Library Workbook Update 2026.03 – Fixed/Indexed Annuity & Bond Workbook Enhancements

This release delivers a significant set of Fixed/Indexed Annuity and Bond workbook enhancements to enable users to analyze results for policies in the Fixed/Indexed Annuity product and assets in the Bond products more thoroughly and efficiently. The Fixed/Indexed Annuity workbook adds a policy listing to examine all policies at a glance, index crediting details, GMWB analysis improvements, and more. The Bond workbook adds an asset listing and enhances roll-forward details for market value, amortized cost, and more. 

Enhancements / Changes

Fixed/Indexed Annuity Workbook

  • Added a table that lists each model point with key identifiers and attributes to make it easier to find and review specific model points across the workbook.
  • Added index crediting details to enable easier debugging of index values, growth rates, crediting rates, participation rates, caps, etc.
  • Added GMWB-related details to provide additional context around the guarantee, its resets, and in-the-moneyness to help users to more easily understand results.
  • Added Maturities to the Cash Flows page to more explicitly show maturity cash flows alongside other policy cash flows.
  • Separated Gross Cash Flows from Net Cash Flows on the Cash Flows page to more clearly illustrate the impact of reinsurance.
  • Clarified that the Starting Balances table on the Investment Accounts page presents projection start balances, meaning policies issued after the projection start date are correctly excluded.
  • Added a number of usability features to make navigating the workbook and checking results easier.

Bond Workbook

  • Added a table that lists each model point with key identifiers and attributes to make it easier to find and review specific model points across the workbook.
  • Updated roll-forward details for Market Value and Amortized Cost to help review and understand projected results.
  • Updated Market Value roll-forward details to account for 2026.02 library model changes (e.g. to Market Value Per Asset and Spread product variables)