Increasing annuity life contingencies

Description

This function evaluates increasing annuities

Usage

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Iaxn(actuarialtable, x, n, i, m = 0, type = "EV", power=1)

Arguments

actuarialtable

An actuarialtable object.

x

The age of the insured head.

n

The duration of the insurance

i

The interest rate that overrides the one in the actuarialtable object.

m

The deferring period.

type

Yet only "EV" is implemented.

power

The power of the APV. Default is 1 (mean)

Details

This actuarial mathematics is generally exoteric. I have seen no valid example of it.

Value

The APV of the insurance

Warning

The function is provided as is, without any guarantee regarding the accuracy of calculation. We disclaim any liability for eventual losses arising from direct or indirect use of this software.

Note

The function is provided as is, without any guarantee regarding the accuracy of calculation. We disclaim any liability for eventual losses arising from direct or indirect use of this software.

Author(s)

Giorgio A. Spedicato

References

Actuarial Mathematics (Second Edition), 1997, by Bowers, N.L., Gerber, H.U., Hickman, J.C., Jones, D.A. and Nesbitt, C.J.

See Also

axn,IAxn

Examples

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		#using SOA illustrative life tables
		data(soaLt)
		soa08Act=with(soaLt, new("actuarialtable",interest=0.06,
		x=x,lx=Ix,name="SOA2008"))
		#evaluate the value of a lifetime increasing annuity for a subject aged 80
		Iaxn(actuarialtable=soa08Act, x=80, n=10)

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