Premium Finance Worksheet Prepared for: 41 Year Old Spouse 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 Premium
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
$60,988.00
$1,041,413.80
-$212,512.20
$9,138,071.00
$7,823,157.00
2
43
$0.00
2.80%
$36,817.59
-$36,817.59
$0.00
$0.00
$1,314,914.00
$273,500.00
$334,693.00
$773,276.54
-$206,944.46
$9,138,071.00
$7,823,157.00
3
44
$0.00
2.80%
$36,817.59
-$36,817.59
$0.00
$0.00
$1,314,914.00
$273,500.00
$622,737.00
$510,396.88
-$181,780.12
$9,138,071.00
$7,823,157.00
4
45
$0.00
3.18%
$41,814.27
-$41,814.27
$0.00
$0.00
$1,314,914.00
$273,500.00
$948,980.00
$252,671.72
-$113,262.28
$9,138,071.00
$7,823,157.00
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
29
70
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,719,157.00
$0.00
$0.00
$3,871,708.00
$3,871,708.00
30
71
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,612,634.00
$0.00
$0.00
$3,256,640.00
$3,256,640.00
31
72
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,515,586.00
$0.00
$0.00
$2,610,818.00
$2,610,818.00
32
73
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,430,709.00
$0.00
$0.00
$2,380,677.00
$2,380,677.00
33
74
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,358,477.00
$0.00
$0.00
$2,193,304.00
$2,193,304.00
34
75
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,299,120.00
$0.00
$0.00
$1,996,609.00
$1,996,609.00
35
76
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,255,033.00
$0.00
$0.00
$1,790,285.00
$1,790,285.00
36
77
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,225,943.00
$0.00
$0.00
$1,800,953.00
$1,800,953.00
37
78
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,213,750.00
$0.00
$0.00
$1,831,423.00
$1,831,423.00
38
79
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,220,447.00
$0.00
$0.00
$1,883,892.00
$1,883,892.00
39
80
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,248,176.00
$0.00
$0.00
$1,960,716.00
$1,960,716.00
40
81
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,299,244.00
$0.00
$0.00
$2,064,431.00
$2,064,431.00
41
82
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,375,959.00
$0.00
$0.00
$2,197,581.00
$2,197,581.00
42
83
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,480,716.00
$0.00
$0.00
$2,362,804.00
$2,362,804.00
43
84
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,616,134.00
$0.00
$0.00
$2,562,984.00
$2,562,984.00
44
85
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,784,990.00
$0.00
$0.00
$2,801,172.00
$2,801,172.00
45
86
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$1,990,016.00
$0.00
$0.00
$3,080,383.00
$3,080,383.00
46
87
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$2,234,126.00
$0.00
$0.00
$3,403,829.00
$3,403,829.00
47
88
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$2,520,272.00
$0.00
$0.00
$3,774,771.00
$3,774,771.00
48
89
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$2,851,265.00
$0.00
$0.00
$4,196,325.00
$4,196,325.00
49
90
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$3,229,797.00
$0.00
$0.00
$4,671,495.00
$4,671,495.00
50
91
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$3,658,278.00
$0.00
$0.00
$5,202,999.00
$5,202,999.00
51
92
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$4,164,141.00
$0.00
$0.00
$5,488,695.00
$5,488,695.00
52
93
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$4,761,392.00
$0.00
$0.00
$5,826,702.00
$5,826,702.00
53
94
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$5,467,710.00
$0.00
$0.00
$6,229,827.00
$6,229,827.00
54
95
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$6,304,597.00
$0.00
$0.00
$6,713,861.00
$6,713,861.00
55
96
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$7,291,142.00
$0.00
$0.00
$7,291,142.00
$7,291,142.00
56
97
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$8,403,750.00
$0.00
$0.00
$8,403,750.00
$8,403,750.00
57
98
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$9,654,478.00
$0.00
$0.00
$9,654,478.00
$9,654,478.00
58
99
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$11,056,418.00
$0.00
$0.00
$11,056,418.00
$11,056,418.00
59
100
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$335,000.00
$12,623,783.00
$0.00
$0.00
$12,623,783.00
$12,623,783.00
Totals
-$475,735.89
$11,725,000.00