Premium Finance Worksheet Prepared for: Valued Client Bank: TBD
Product: TBD
LOAN PROJECTIONS Year Age
Insurance Premium Loan Interest Rate Borrowed
Interest Due
Interest Paid
Additional Out of Pocket
INSURANCE & COLLATERAL PROJECTIONS Interest Accrued
End of Year Loan
Insurance Premiums / Cash Flow
Cash Surrender Value
Premium Deposit Account (EOY)
Collateral Shortfall
Death Benefit
Death Benefit After Loan
1
42
$1,314,914.00
2.80%
$36,817.59
-$36,817.59
$0.00
$0.00
$1,314,914.00
$273,500.00
$31,017.00
$1,041,413.80
-$242,483.20
$9,138,071.00
$8,864,570.80
2
43
$0.00
3.00%
$39,447.42
-$39,447.42
$0.00
$0.00
$1,314,914.00
$273,500.00
$317,184.00
$773,276.54
-$224,453.46
$9,138,071.00
$8,596,433.54
3
44
$0.00
3.20%
$42,077.25
-$42,077.25
$0.00
$0.00
$1,314,914.00
$273,500.00
$622,737.00
$510,396.88
-$181,780.12
$9,138,071.00
$8,333,553.88
4
45
$0.00
3.40%
$44,707.08
-$44,707.08
$0.00
$0.00
$1,314,914.00
$273,500.00
$948,980.00
$252,671.72
-$113,262.28
$9,138,071.00
$8,075,828.72
5
46
$0.00
3.60%
$47,336.90
-$47,336.90
$0.00
$0.00
$1,314,914.00
$273,500.00
$1,297,614.00
$0.00
-$17,300.00
$9,138,071.00
$7,823,157.00
6
47
$0.00
3.80%
$49,966.73
-$49,966.73
$0.00
$0.00
$1,314,914.00
$0.00
$1,392,248.00
$0.00
$0.00
$9,138,071.00
$7,823,157.00
7
48
$0.00
4.00%
$52,596.56
-$52,596.56
$0.00
$0.00
$1,314,914.00
$0.00
$1,493,311.00
$0.00
$0.00
$9,138,071.00
$7,823,157.00
8
49
$0.00
4.20%
$55,226.39
-$55,226.39
$0.00
$0.00
$1,314,914.00
$0.00
$1,601,548.00
$0.00
$0.00
$9,138,071.00
$7,823,157.00
9
50
$0.00
4.40%
$57,856.22
-$57,856.22
$0.00
$0.00
$1,314,914.00
$0.00
$1,717,856.00
$0.00
$0.00
$9,138,071.00
$7,823,157.00
10
51
$0.00
4.60%
$60,486.04
-$60,486.04
$0.00
$0.00
$1,314,914.00
$0.00
$1,843,230.00
$0.00
$0.00
$9,138,071.00
$7,823,157.00
11
52
-$1,314,914.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
-$1,314,914.00
$618,257.00
$0.00
$0.00
$7,757,411.00
$7,757,411.00
12
53
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$693,132.00
$0.00
$0.00
$7,688,378.00
$7,688,378.00
13
54
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$774,947.00
$0.00
$0.00
$7,615,894.00
$7,615,894.00
14
55
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$864,271.00
$0.00
$0.00
$7,539,785.00
$7,539,785.00
15
56
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$961,718.00
$0.00
$0.00
$7,459,871.00
$7,459,871.00
16
57
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,067,864.00
$0.00
$0.00
$7,375,960.00
$7,375,960.00
17
58
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,183,457.00
$0.00
$0.00
$7,287,855.00
$7,287,855.00
18
59
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,309,277.00
$0.00
$0.00
$7,195,344.00
$7,195,344.00
19
60
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,446,173.00
$0.00
$0.00
$7,098,208.00
$7,098,208.00
20
61
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,594,997.00
$0.00
$0.00
$6,996,215.00
$6,996,215.00
21
62
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,756,673.00
$0.00
$0.00
$6,889,122.00
$6,889,122.00
22
63
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,932,193.00
$0.00
$0.00
$6,776,674.00
$6,776,674.00
23
64
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$2,122,614.00
$0.00
$0.00
$6,658,605.00
$6,658,605.00
24
65
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$2,329,160.00
$0.00
$0.00
$6,534,631.00
$6,534,631.00
25
66
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$2,201,501.00
$0.00
$0.00
$6,052,709.00
$6,052,709.00
26
67
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$2,075,423.00
$0.00
$0.00
$5,546,691.00
$5,546,691.00
27
68
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,952,176.00
$0.00
$0.00
$5,015,372.00
$5,015,372.00
28
69
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,832,938.00
$0.00
$0.00
$4,457,487.00
$4,457,487.00