age.exactRounded

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

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, but 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'. Mortality rates are given using the 'MortalityTables' package.

Reinhold Kainhofer

LifeInsureR

Modelling Traditional Life Insurance Contracts

age.exactRounded 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

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

<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>

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

Description

Usage

Value

Arguments