Fully continuous whole life reserve

Computes the Chapter 10 reserve for a whole life insurance with continuous premiums and immediate payment of claims.

Usage

tVbarAbarx(x, t, i, model, ...)

Arguments

x

Issue age.

t

Duration, allowed to be any nonnegative numeric value.

i

Effective annual interest rate.

model

Survival model.

...

Additional model parameters.

Value

Numeric vector.

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