% Generated by roxygen2: do not edit by hand
% Please edit documentation in R/chapter16_universal_life.R
\name{ag38_prefunding_ratio}
\alias{ag38_prefunding_ratio}
\title{AG 38 prefunding ratio}
\usage{
ag38_prefunding_ratio(excess_payment, nsp_required)
}
\arguments{
\item{excess_payment}{Excess payment or shadow-fund amount.}

\item{nsp_required}{Net single premium required to fully fund the guarantee.}
}
\value{
Numeric scalar.
}
\description{
Computes the prefunding ratio in Equation (16.18), capped at 1.
}
\examples{
ag38_prefunding_ratio(60000, 100000)

}
