Mortality gain for a discrete insurance contract

Mortality gain for a discrete insurance contract

Usage

GM_disc(Vt, Vt1, P, i_assumed, q_actual, B = 1)

Arguments

Vt

Reserve at duration t.

Vt1

Reserve at duration t+1.

P

Net premium for the year.

i_assumed

Assumed annual effective interest rate.

q_actual

Actual mortality rate for the year.

B

Benefit amount. Defaults to 1.

Value

Numeric vector.

Examples

GM_disc(Vt = 0.1, Vt1 = 0.11, P = 0.02, i_assumed = 0.04, q_actual = 0.01)
#> [1] 0.0059