premiumRefundPeriod.default {LifeInsureR}

Default premium refund period: for deferred contracts the deferral period, otherwise the whole contract

Description

If a premium refund is set for the tariff, the default is the full contract period, except for deferred contracts (typically deferred life annuities), for which the deferral period is the refund period.

Usage

premiumRefundPeriod.default(params, values)

Arguments

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

The length of the premium refund period (deferral period for deferred contracts, contract period otherwise)