Table_Makeham {DetLifeInsurance}

Makeham's Law of Mortality Table Creator

Description

Creates a mortality table under Makeham's law.

Usage

Table_Makeham(x0, omega, A, B, C)

Arguments

x0

A numeric type value. The initial age of the table.

omega

A numeric type value. The final age of the table.

A

A numeric type value. A parameter of the law.

B

A numeric type value. A parameter of the law.

C

A numeric type value. A parameter of the law.

Value

Returns a data.frame object containing age and death probabilities.

Note

The parameters are usually confined to the ranges shown below: 0.001 < A < 0.003, 10^(-6) < B < 10(-3), 1.08 < C < 1.12.

References

Chapter 3 (p 77-78) of Actuarial Mathematics (1997) by Bowers, Gerber, Hickman, Jones & Nesbitt.

Examples

Table_Makeham(0,100,0.002,3*10^(-4),1.124)