deathBenefit.linearDecreasing

The death benefit will be the full sumInsured for the first year after the
deferral period and then decrease linearly to 0 at the end of the policyPeriod.
This can be used with the <code>deathBenefit</code> parameter for insurance
contracts, but should not be called directly.

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

deathBenefit.linearDecreasing function

<dl><dt>len</dt>
<dd>The desired length of the Cash flow vector (can be shorter than
the policyPeriod, if q_x=1 before the end of the contract, e.g.
for life-long insurances)</dd>
<dt>params</dt>
<dd>The full parameter set of the insurance contract (including
all inherited values from the tariff and the profit participation)</dd>
<dt>values</dt>
<dd>The values calculated from the insurance contract so far</dd></dl>

Arguments

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

<dl>

<dt>len</dt>
<dd>The desired length of the Cash flow vector (can be shorter than
the policyPeriod, if q_x=1 before the end of the contract, e.g.
for life-long insurances)</dd>


<dt>params</dt>
<dd>The full parameter set of the insurance contract (including
all inherited values from the tariff and the profit participation)</dd>


<dt>values</dt>
<dd>The values calculated from the insurance contract so far</dd>

</dl>

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

Description

Usage

Value

Arguments