R6 classes to model traditional life insurance contracts like annuities, whole life insurances or endowments. Such life insurance contracts provide a guaranteed interest and are not directly linked to the performance of a particular investment vehicle. However, they typically provide (discretionary) profit participation. This package provides a framework to model such contracts in a very generic (cash-flow-based) way and includes modelling profit participation schemes, dynamic increases or more general contract layers, as well as contract changes (like sum increases or premium waivers). All relevant quantities like premium decomposition, reserves and benefits over the whole contract period are calculated and potentially exported to excel. Mortalities are given using the 'MortalityTables' package.
Package details |
|
---|---|
Author | Reinhold Kainhofer [aut, cre] |
Maintainer | Reinhold Kainhofer <reinhold@kainhofer.com> |
License | GPL (>= 2) |
Version | 0.0.4 |
URL | https://gitlab.open-tools.net/R/r-life-insurance-contracts |
Package repository | View on GitHub |
Installation |
Install the latest version of this package by entering the following in R:
|
Add the following code to your website.
For more information on customizing the embed code, read Embedding Snippets.