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

View source: R/5_actuarialFunctions.R

This function evaluates the APV of an increasing life insurance.
The amount payable at the end of year of death are: *1, 2, …, n-1, n*.
N can be set as *ω-x-1*.

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`actuarialtable` |
The actuarial table used to perform life - contingencies calculations. |

`x` |
The age of the insured. |

`n` |
The term of life insurance. If missing n is set as |

`i` |
Interest rate (overrides the interest rate of the actuarialtable object). |

`m` |
The deferring period. If missing, m is set as 0. |

`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). |

The stochastic value feature has not been implemented yet.

A numeric value.

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

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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