| deathBenefit.annuityDecreasing {LifeInsureR} | R Documentation |
Describes the death benefit of a decreasing whole life insurance (after a possible deferall period)
Description
The death benefit will be the full sumInsured for the first year after the
deferral period and then decrease like an annuity to 0 at the end of the policyPeriod.
This can be used with the deathBenefit parameter for insurance
contracts, but should not be called directly.
Usage
deathBenefit.annuityDecreasing(interest)
Arguments
interest |
The interest rate of the loan, which is underlying the insurance. |
Details
This function is a mere generator function, which takes the interest rate and generates a function that describes a decreasing annuity.
The generated function has the following parameters:
- len
The desired length of the Cash flow vector (can be shorter than the policyPeriod, if q_x=1 before the end of the contract, e.g. for life-long insurances)
- params
The full parameter set of the insurance contract (including all inherited values from the tariff and the profit participation)
- values
The values calculated from the insurance contract so far
Value
vector of decreasing death benefits