LifeIns function

Actuarial Excel Addin

The LifeIns function returns the present value at Age of $1 of life insurance starting at AgeIns or Age if later, discounted with interest and mortality.

* : Required parameter

Parameters
Default
Description
Age *
--
Age of insured person at valuation, fraction allowed
AgeIns *
--
Age at which the insurance coverage starts, fraction allowed. If AgeIns is less than Age then only life insurance payment paid after Age is discounted.
Lx *
--
LX or LX_aea function: mortality .....
Interest *
--
Interest rate(s): single rate or vector of rates
Duration
--
Insurance period (in years), by default, ends at age 120, fraction allowed
Qx-Pre
True
True: Mortality between Age and AgeIns
Weight
1
Weights applied on life insurance coverage starting at AgeIns: single weight or vector of weights