age.yearDifference

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

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.yearDifference 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 the difference of the bith year and
contract closing year. — age.yearDifference

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

Description

Usage

Value

Arguments