Parameters
Default
Description
Duration *
--
Period of payments (in years), fraction allowed
Deferred
0
Deferment of first annuity payment, fraction allowed
Freq
12
Number of payments per year, must be an integer, e.g.: 1, 12, 24, 26, 52
Due
True
False: first payment further deferred by 1/Freq (in years)
FirstDurIndex
--
Period after which indexation starts, by default, starts at Deferred + 1, fraction allowed
Certain reduced
False
True: Guaranteed pension reduced after contingent annuitant's death as per 'Reversion'
Age
--
Age of contingent annuitant at valuation, fraction allowed
Reversion
--
Reduced annuity after the contingent annuitant's death, e.g. 0,6 or 60%