isSinglePremiumContract

Single premium contracts are identified by the parameter <code>premiumPeriod = 1</code>.

R6 classes to model traditional life insurance
contracts like annuities, whole life insurances or endowments. Such life
insurance contracts provide a guaranteed interest and are not directly linked
to the performance of a particular investment vehicle. However, they typically
provide (discretionary) profit participation. This package provides a framework
to model such contracts in a very generic (cash-flow-based) way and includes
modelling profit participation schemes, dynamic increases or more general
contract layers, as well as contract changes (like sum increases or premium
waivers). 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.

Reinhold Kainhofer

LifeInsuranceContracts

Framework for Traditional Life Insurance Contracts

isSinglePremiumContract function

<dl><dt>params</dt>
<dd>The parameters of the contract.</dd>
<dt>values</dt>
<dd>Unused by default (already calculated values of the contract)</dd></dl>

Arguments

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

<dl>

<dt>params</dt>
<dd>The parameters of the contract.</dd>


<dt>values</dt>
<dd>Unused by default (already calculated values of the contract)</dd>

</dl>

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

Description

Usage

Arguments