- av_pp_at(t, timing)#
Account value per policy
av_at(t, timing)calculates the total amount of account value at time
tfor the policies in-force.
t, the events that change the account value balance occur in the following order:
Investment income is assumed to be earned throughout each month, so at the middle of the month when death and lapse occur, half the investment income for the month is credited.
The second parameter
timingtakes a string to indicate the timing of the account value, which is either
Account value before premium payment. At the start of the projection (i.e. when
t=0), the account value is set to
Account value after premium payment before fee deduction
Account value after fee deduction before crediting investemnt return
Account value at middle of month (
t+0.5) when half the investment retun for the month is credited