Fully continuous whole life reserve

Computes the reserve for a whole life insurance with continuous premiums and immediate payment of claims.

Usage

tVbarAbarx(x, t, i, model = NULL, ..., tbl = NULL)

Arguments

x

Issue age.

t

Duration, allowed to be any nonnegative numeric value.

i

Effective annual interest rate.

model

Optional parametric survival model name.

...

Additional model parameters.

tbl

Optional life table object.

Value

A numeric vector of values.

Details

In the fully continuous setting, reserve time \(t\) may be any nonnegative real value.

Examples

tVbarAbarx(40, t = 10, i = 0.05, model = "uniform", omega = 100)
#> [1] 0.07516161
tVbarAbarx(40, t = c(19, 19.25, 19.5, 19.75, 20), i = 0.06,
           model = "uniform", omega = 100)
#> [1] 0.1422970 0.1447551 0.1472088 0.1496845 0.1521824