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The LifeInsureR Package For Traditional Life Insurance with Guarantee and Profit Participation

R package implementing general life insurance contracts

This package R6 classes to model traditional life insurance contracts like annuities, whole life insurances or endowments. All relevant quantities like premium decomposition, reserves and benefits over the whole contract period are calculated and potentially exported to 'Excel'. Mortalities are given using the 'MortalityTables' package.

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Install

install.packages('LifeInsureR')

Monthly Downloads

634

Version

1.0.0

License

GPL (>= 2)

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Repository

https://github.com/kainhofer/LifeInsureR

Homepage

https://gitlab.open-tools.net/R/LifeInsureR

Maintainer

Reinhold Kainhofer

Last Published

November 6th, 2023

Functions in LifeInsureR (1.0.0)

InsuranceContract.ParametersFallback

Use fallback values for missing contract parameters

InsuranceContract.Values

Data structure (filled only with NULL) for insurance contract class member values.

InsuranceContract.ParametersFill

Initialize the insurance contract parameters from passed arguments

InsuranceContract

Base Class for Insurance Contracts

Base class for traditional Insurance Tarifs (with fixed guarantee, profit sharing and no unit-linked component)

CalculationSingleEnum-class

Enum to define how much of a contract needs to be calculated automatically.

PaymentTimeSingleEnum-class

Enum to describe when a benefit or premium payment is due (in advance or in arrears)

PVfactory (R6Class for present values with arbitrary dimensions)

InsuranceContract.ParameterDefaults

Default parameters for the InsuranceContract class.

InsuranceContract.ParameterStructure

Full insurance contract parameter structure.

age.yearDifference

Calculate the age of the insured based on the difference of the bith year and contract closing year.

ProfitParticipationFunctions

Helper functions for profit participation

Create a grid of InsuranceContract objects or premiums with each axis representing one varying parameter

age.exactRounded

Calculate the age of the insured based on exact age at contract closing, rounded to the nearest birthday.

SexSingleEnum-class

Enum to describe possible sexes in an insurance contract or tariff.

Convert the multi-dimensional costs array to a data.frame for output to a file

If hook is a function, apply it to val, otherwise return val unchanged

costs.baseAlpha

Helper function to define base costs with base alpha, but otherwise unchanged costs

ProfitParticipation

Base Class for Profit Participation Schemes

costsDisplayTable

Helper function to display all cost definitions in a concise table

TariffTypeSingleEnum-class

An enum specifying the main characteristics of the tarif.

ProfitComponentsMultipleEnum-class

Enum to define the different components of profit participation.

exportInsuranceContractExample

Export the example calculations of an insurance contract

Replace missing values in ields by default fallback values

initializeCosts

Initialize or modify a data structure for the definition of InsuranceTarif costs

Set all entries of the given vector to 0 up until index 'start'

costs.scaleAlpha

Helper function to modify alpha costs of an insurance contract individually

isRegularPremiumContract

Determine whether a contract (given all parameters) is a contract with regular premiums

deathBenefit.annuityDecreasing

Describes the death benefit of a decreasing whole life insurance (after a possible deferall period)

isSinglePremiumContract

Determine whether a contract (given all parameters) is a single-premium contract or with regular premiums

showVmGlgExamples

Display insurance contract calculation example

Calculate the rolling mean of length 2

Update one component of an InsuranceTarif's cost structure

Overwrite all existing fields with default values given

Replace all NA entries of a vector with the previous non-NA value

Pad a vector with 0 to a desired length

vmGlgExample.generateTest

Generate testthat output for unit-testing a tarif implementation

makeContractGridDimname

Create human-readable labels for the dimensions in a contractGrid()

valueOrFunction

If val is a function, evaluate it, otherwise return val

deathBenefit.linearDecreasing

Describes the death benefit of a linearly decreasing whole life insurance (after a possible deferall period)

Pad the vector v to length l by repeating the last entry of the vector.

exportInsuranceContract.xlsx

Export an insurance contract (object of class InsuranceContract) to an 'Excel' file

testVmGlgExample

Perform unit tests of given standard values of the insurance contract example

Defines a frequency charge (surcharge for monthly/quarterly/semiannual) premium payments

filterProfitRates

Filter the whole data.frame of profit rates for the given profit classes

premiumRefundPeriod.default

Default premium refund period: for deferred contracts the deferral period, otherwise the whole contract