To begin the pricing process, we first need a model to work with. This can either be part of an existing model already used by your company or a new independent model. For purposes of this guide, we will be creating a new model for pricing.
If you are starting with an existing model that already has an appropriate product created, you can skip this step.
From the Home screen in SLOPE, navigate to the Model Development module.
We are going to create a new model to work with by first creating a copy of the Slope Life Library with just the pieces we need to get started. Select the Slope Life Library from the list of available models.
On the model details screen that comes up next, select the Copy button on the bottom row.
The copy model selection screen will come up next, allowing you to select the pieces of the Library model that we want to copy. For this guide, we are going to select only the following:
- The Whole Life product only
- The Pricing Portfolio only
By leaving the "Auto-Include Required Tables" toggle enabled on the Data and Decrement Table sections, SLOPE will automatically identify the Data and Decrement Tables that are needed for the selected product(s) and portfolio(s).
This will provide us with all of the pieces we need to get started. If you want to copy over additional items as well, feel free to do so. It is also possible to add more components later using the merge functions, so don't worry if you forget something now.
Upon click of "Create Copy" the final objects and files selected will be shown in a confirmation screen:
This initial copy can take up to a few minutes depending on how much is selected to be part of the new model. Once the copy completes, the page will automatically refresh and you will be in your new model. We can now start on the next step... Setting Model Inputs.