Life Insurance Pro Forma
Insurance Excel Template (Free Download)
Project life insurance premiums, claims, lapses, expenses, reserves, and embedded value across policy cohorts.
professionals from Deloitte
About this pro forma
This pro forma presents the projected economics of an in-force life insurance book by policy type and age cohort. Premium income, mortality, surrender behaviour, claims, acquisition costs, commissions, administration, and reserves flow into projected future cash flows and embedded value.
Use the outputs to assess book performance, lapse and mortality sensitivity, acquisition economics, and transaction value. The underlying Excel model is the calculation engine, while the pro forma is the projected decision view.
What every model includes
Live formulas, no hardcoded values
Outputs are driven by live formulas, so the workbook updates from its assumptions instead of relying on hardcoded results.
All assumptions in one tab
Inputs are clearly marked in the Assumptions tab and separated from calculations, making it clear what to change and what to leave intact.
Statements always balancing
For integrated-statement models, the balance sheet, cash flow, and supporting schedules tie through properly.
Distinct schedules for clarity
Debt, working capital, taxes, and cash flow can get messy quickly. We group calculations in clear schedules, not across disconnected tabs.
No hidden macros or external links
There are no unexplained external workbook links or macros to undermine auditability or portability.
Changes flow through the model
Update a key driver and see the impact carry through the forecast, financing, and return outputs. We never use hardcoded numbers in formulas.
What's inside the Life Insurance Pro Forma
- Projected premium income by policy cohort
- Mortality, lapse, and surrender forecast
- Claims, reserves, commissions, and operating expenses
- Future cash flow and embedded value projection
- Acquisition cost and book-value outputs
- Scenario sensitivity for actuarial and operating assumptions
Formatted to IB standards
Named theme colors repaint the whole workbook in one click, on top of an investment-banking structure with clear input, output, and cross-sheet reference styling - brand-ready, institutional-grade, and fully auditable.
Created by ex-finance professionals
Hey, I’m Alex and I created Finamodel.
Over my years in the finance industry I kept building the same models over and over again. Same structure, same assumptions, different logo. So I started building frameworks to turn them into clean, reusable templates.
Every model here is one I’d actually use for a client, and I personally vet each one before it goes up.
I’m not an expert in every industry, but I’ve built enough models to know what belongs in one. And when something is completely foreign to me, I reach out to my network for experts to work on our models with us.
Having a template library on hand cuts a first build from hours to minutes.
Need help finding your model? You’ll find me in the Finamodel app!
Frequently asked
What does this life insurance pro forma project?+
It projects premiums, mortality, lapses, claims, expenses, reserves, future cash flows, and embedded value.
Can I test cohort assumptions?+
Yes. Policy mix, age cohorts, mortality, lapse, surrender, and expense assumptions can be flexed.
Who is it designed for?+
Actuaries, life insurers, M&A teams, and insurance investors can use it for book analysis.
What powers the output?+
The linked Excel model calculates cohort projections; the pro forma presents the resulting decision outputs.
Have more financial modelling questions? Contact us
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