Chapter 10 reserve functions for deferred insurance contracts.
Usage
tVnAx(x, n, t, i, model, ...)
htVnAx(x, n, h, t, i, model, ...)
Arguments
- x
Issue age.
- n
Deferral period.
- t
Duration.
- i
Effective annual interest rate.
- model
Survival model.
- ...
Additional model parameters.
- h
Premium-paying period.
Value
Numeric vector.
Numeric vector.
Details
tVnAx() computes the reserve for an \(n\)-year deferred insurance
funded over the deferred period.
htVnAx() computes the reserve when premiums are limited to the first
\(h\) years, with \(h \le n\).
Examples
tVnAx(40, n = 20, t = 10, i = 0.05, model = "uniform", omega = 100)
#> [1] 0.1548738
htVnAx(40, n = 20, h = 10, t = 5, i = 0.05, model = "uniform", omega = 100)
#> [1] 0.0874482