Period until which the age shall be evaluated. Default value is 1
fractional
Assumptions for fractional age. One of "linear", "hyperbolic", "constant force".
Value
A numeric value
Warning
The function is provided as is, without any warranty regarding the accuracy of calculations. The author disclaims any liability for eventual
losses arising from direct or indirect use of this software.
Details
Fractional assumptions are:
-linear: linear interpolation between consecutive ages.
-constant force of mortality: constant force of mortality.
-hyperbolic: Balducci assumptions. See reference book for details.
References
Actuarial Mathematics (Second Edition), 1997, by Bowers, N.L., Gerber, H.U., Hickman, J.C.,
Jones, D.A. and Nesbitt, C.J.