rpv-Life-method: rpv

In merlinoa/diehard3000: Simulate Survival Contingent Benefits using Actuarial Life Tables

Description

Simulates the present value of the life insurance benefit for an object of class Insuree

Usage

## S4 method for signature 'Life'
rpv(object, n, interest)

Arguments

object	object of class Insuree
n	number of observations
interest	vector of annual interest rates. Can use the CIR() funtion to simulate interest rates in accordance with the Cox Ingersoll Ross process.

Examples

rpv(object = Life(x_ = 2.48, 
                  t_ = 3,
                  m_ = 3,
                  benefit = list(BenefitDeath(t = c(3, 3), value = c(0, 5)))), 
    n = 5,
    interest = Interest(t = 10, rate = 0.04))
    
rpv(object = Life(x_ = 2.48, 
                  t_ = 3,
                  m_ = 0,
                  benefit = list(BenefitAnnuity(t = c(1, 1, 1), value = c(3, 2, 2)))), 
    n = 5,
    interest = Interest(t = 10, rate = 0.04))
    
rpv(object = Life(x_ = 2.48, 
                  t_ = 3,
                  m_ = 0,
                  benefit = list(BenefitAnnuity(t = c(0, 1, 1), value = c(-2, -2, -2)),
                                 BenefitDeath(t = 3, value = 10)
                                 )
                  ), 
    n = 5,
    interest = Interest(t = 10, rate = 0.04))   

merlinoa/diehard3000 documentation built on May 22, 2019, 6:52 p.m.