Fractional_table {DetLifeInsurance}

Fractional table of mortality

Description

Creates a fractional mortality table for a given mortality table.

Usage

Fractional_table(data, frac, i = 0.04, assumption = "UDD")

Arguments

data

A data.frame of the annual mortality table, with the first column being the age and the second one the probability of death.

frac

An integer. The number of fractions per year.

i

A numeric type value. The interest rate.

assumption

A character string. The assumption used for fractional ages ("UDD" for uniform distribution of deaths and "constant" for constant force of mortality).

Value

Returns a data.frame object containing fractional age and death probability vectors.

References

Chapter 3 of Actuarial Mathematics (1997) by Bowers, Gerber, Hickman, Jones & Nesbitt

Examples

Fractional_table(CSO80MANB,2,0.04,"constant")
Fractional_table(CSO80MANB,2,0.04,"UDD")