Exn {lifecontingencies}

Function to evaluate the pure endowment

Description

Function to evaluate the pure endowment

Usage

Exn(actuarialtable, x, n, i = actuarialtable@interest, type = "EV", power = 1)

Arguments

actuarialtable

An actuarial table object.

x

Age of the insured.

n

Length of the contract.

i

Interest rate (it overwrites the actuarialtable one)

type

A string, eithed "EV" (default value), "ST" (stocastic realization) or "VR" if the value of the variance is needed.

power

The power of the APV. Default is 1 (mean)

Value

The APV of the contract

Author(s)

Giorgio A. Spedicato

References

Actuarial Mathematics (Second Edition), 1997, by Bowers, N.L., Gerber, H.U., Hickman, J.C., Jones, D.A. and Nesbitt, C.J.

See Also

axn, Axn

Examples

#assumes SOA example life table to be load
data(soaLt)
soa08Act=with(soaLt, new("actuarialtable",interest=0.06, x=x,lx=Ix,name="SOA2008"))
#evaluate the pure endowment for a man aged 30 for a time span of 35
Exn(soa08Act, x=30, n=35)