Description Usage Arguments Details Value Warning Note Author(s) References See Also Examples

View source: R/5_actuarialFunctions.R

This function evaluates the n-year term decreasing life insurance. Both actuarial value and stochastic random sample can be returned.

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`actuarialtable` |
An actuarial table object. |

`x` |
Age of the insured. |

`n` |
Length of the insurance period. |

`i` |
Interest rate, when present it overrides the interest rate of the actuarial table object. |

`m` |
Deferring period, even fractional, assumed 1 whether missing. |

`k` |
Number of fractional payments per period. Assumed to be 1 whether missing. |

`type` |
A string, either |

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

Formulas of Bowes book have been implemented.

A numeric value representing the expected value or the simulated value.

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.

Neither fractional payments nor stochastic calculations have been implemented yet.

Giorgio A. Spedicato

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

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