Credited rates from raw index growth rates — i_credit_eiul • mqriskR

Applies participation, floor, cap, and optional margin to raw index growth rates for an indexed universal life contract.

Usage

i_credit_eiul(
  i_raw,
  part = 1,
  floor = 0,
  cap = Inf,
  margin = 0,
  margin_after_participation = TRUE
)

Arguments

i_raw: Numeric vector of raw index growth rates.
part: Participation rate.
floor: Minimum credited rate.
cap: Maximum credited rate.
margin: Index margin. Defaults to 0.
margin_after_participation: Logical; if TRUE, subtract the margin after applying the participation rate.

Value

Numeric vector of credited rates.

Examples

raw <- iP_eiul(c(1000, 1050, 1200, 1100))
i_credit_eiul(raw, part = 1.10, floor = 0.01, cap = 0.10)
#> [1] 0.055 0.100 0.010