Retrospective term insurance reserve

Computes the retrospective reserve for a term insurance at a duration satisfying \(0 \le t \le n\). At expiry, the reserve is 0.

Usage

tVxn1_ret(x, n, t, i, model = NULL, ..., tbl = NULL)

Arguments

x

Issue age. May be scalar or vector.

n

Nonnegative integer contract term. May be scalar or vector.

t

Nonnegative integer duration. May be scalar or vector.

i

Effective annual interest rate. May be scalar or vector.

model

Optional parametric survival model.

...

Additional parameters passed to the actuarial functions.

tbl

Optional life table object. Supply by name.

Value

Numeric vector of retrospective reserve values.

Examples

tVxn1_ret(
  40,
  n = 20,
  t = 10,
  i = 0.05,
  model = "uniform",
  omega = 100
)
#> [1] 0.01836757