General projected asset-share path

Computes projected asset shares for a multiple-decrement contract. Rows of b_mat and q_mat represent policy years and columns represent decrement causes.

Usage

AS_path_md(AS0, G, r, e, b_mat, q_mat, p_tau, i, b_surv = NULL)

Arguments

AS0

Initial asset share.

G

Premium amount by policy year.

r

Percent-of-premium expense rate by policy year.

e

Fixed expense by policy year.

b_mat

Matrix of decrement benefits.

q_mat

Matrix of decrement probabilities.

p_tau

In-force probability by policy year.

i

Effective annual interest rate by policy year.

b_surv

Survival benefit by policy year.

Value

A data frame with policy year k and asset share AS.