Computes the FPT reserve for a whole life insurance.
For whole life insurance,
\({}_1V^F = 0\)
and for \(t \ge 1\),
\({}_tV^F = {}_{t-1}V_{x+1}^{NLP}\).
Computes the FPT reserve for a whole life insurance.
For whole life insurance,
\({}_1V^F = 0\)
and for \(t \ge 1\),
\({}_tV^F = {}_{t-1}V_{x+1}^{NLP}\).
Usage
tVFx(x, t, i, tbl = NULL, model = NULL, ...)
tVFx(x, t, i, tbl = NULL, model = NULL, ...)
Arguments
- x
Issue age.
- t
Duration.
- i
Effective annual interest rate.
- tbl
Optional life table object.
- model
Optional parametric survival model.
- ...
Additional model parameters.
Value
Numeric vector.
Numeric vector.
Examples
tVFx(40, t = 5, i = 0.05, model = "uniform", omega = 100)
#> [1] 0.02773584
tVFx(40, t = 5, i = 0.05, model = "uniform", omega = 100)
#> [1] 0.02773584