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LifeInsureR  

Modelling Traditional Life Insurance Contracts
View on CRAN: Click here


Download and install LifeInsureR package within the R console
Install from CRAN:
install.packages("LifeInsureR")

Install from Github:
library("remotes")
install_github("cran/LifeInsureR")

Install by package version:
library("remotes")
install_version("LifeInsureR", "1.0.0")



Attach the package and use:
library("LifeInsureR")
Maintained by
Reinhold Kainhofer
[Scholar Profile | Author Map]
All associated links for this package
First Published: 2023-11-06
Latest Update: 2023-11-06
Description:
R6 classes to model traditional life insurance contracts like annuities, whole life insurances or endowments. Such life insurance contracts provide a guaranteed interest and are not directly linked to the performance of a particular investment vehicle, but they typically provide (discretionary) profit participation. This package provides a framework to model such contracts in a very generic (cash-flow-based) way and includes modelling profit participation schemes, dynamic increases or more general contract layers, as well as contract changes (like sum increases or premium waivers). All relevant quantities like premium decomposition, reserves and benefits over the whole contract period are calculated and potentially exported to 'Excel'. Mortality rates are given using the 'MortalityTables' package.
How to cite:
Reinhold Kainhofer (2023). LifeInsureR: Modelling Traditional Life Insurance Contracts. R package version 1.0.0, https://cran.r-project.org/web/packages/LifeInsureR
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