InsuranceContract.ParametersFallback

Provide default values for the insurance contract parameters if any of the
parameters is not explicitly set.

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

InsuranceContract.ParametersFallback function

<dl><dt>params</dt>
<dd>Current, explicitly set contract parameters. All NULL values
will be filled with the corresponding entry from <code>fallback</code>.</dd>
<dt>fallback</dt>
<dd>Fallback values that will be used when the corresponding
entry in <code>params</code> is NULL.</dd>
<dt>ppParameters</dt>
<dd>Whether profit participation parameters should also be
filled (default is TRUE)</dd></dl>

Arguments

Use fallback values for missing contract parameters — InsuranceContract.ParametersFallback

<dl>

<dt>params</dt>
<dd>Current, explicitly set contract parameters. All NULL values
will be filled with the corresponding entry from <code>fallback</code>.</dd>


<dt>fallback</dt>
<dd>Fallback values that will be used when the corresponding
entry in <code>params</code> is NULL.</dd>


<dt>ppParameters</dt>
<dd>Whether profit participation parameters should also be
filled (default is TRUE)</dd>

</dl>

InsuranceContract.ParametersFallback: Use fallback values for missing contract parameters

Description

Usage

Arguments