costs.baseAlpha

Returns a function that sets base alpha (and Zillmer) costs to the given value,
but otherwise uses the full costs defined by the Costs parameter.

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

costs.baseAlpha function

<dl><dt>alpha</dt>
<dd>The minimum alpha / Zillmer cost that cannot be waived</dd></dl>

Arguments

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

<dl>

<dt>alpha</dt>
<dd>The minimum alpha / Zillmer cost that cannot be waived</dd>

</dl>

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

Description

Usage

Arguments

Details