premiumRefundPeriod.default

If a premium refund is set for the tariff, the default is the full contract
period, except for deferred contracts (typically deferred life annuities),
for which the deferral period is the refund period.

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

premiumRefundPeriod.default function

<dl><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

Default premium refund period: for deferred contracts the deferral period, otherwise the whole contract — premiumRefundPeriod.default

<dl>

<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>

premiumRefundPeriod.default: Default premium refund period: for deferred contracts the deferral period, otherwise the whole contract

Description

Usage

Value

Arguments