Pre-floor CRVM reserve for universal life

Computes the pre-floor CRVM reserve from Equation (16.17).

Usage

Vprefloor_crvm_ul(r, pvfb_minus_pvfp)

Arguments

r

Ratio \(r_t\).

pvfb_minus_pvfp

Difference \((PVFB)_t - (PVFP)_t\).

Value

Numeric scalar.

Examples

Vprefloor_crvm_ul(r = 0.33506, pvfb_minus_pvfp = 70)
#> [1] 23.4542