Premium Finance Worksheet Prepared for: 45 Year Old Client Bank: TBD
Product: TBD
LOAN PROJECTIONS Year Age
Insurance Premium Loan Interest Rate Borrowed
INSURANCE & COLLATERAL PROJECTIONS
Interest Due
Interest Paid
Additional Out of Pocket
$33,394.42
-$33,394.42
$0.00
$0.00
$948,705.00
$948,705.00
$276,994.00
$0.00
$671,711.00
$20,858,394.00
$19,909,689.00
Interest Accrued
End of Year Loan
Insurance Premium
Cash Surrender Value
Premium Deposit Account (EOY)
Collateral Shortfall
Death Benefit
Death Benefit After Loan
1
46
$948,705.00
3.52%
2
47
$948,705.00
3.79%
$71,911.84
-$71,911.84
$0.00
$0.00
$1,897,410.00
$948,705.00
$1,201,211.00
$0.00
$696,199.00
$21,774,411.00
$19,877,001.00
3
48
$948,705.00
4.12%
$117,259.94
-$117,259.94
$0.00
$0.00
$2,846,115.00
$948,705.00
$2,187,858.00
$0.00
$658,257.00
$22,752,458.00
$19,906,343.00
4
49
$948,705.00
4.32%
$163,936.22
-$163,936.22
$0.00
$0.00
$3,794,820.00
$948,705.00
$3,241,541.00
$0.00
$553,279.00
$23,797,141.00
$20,002,321.00
5
50
$948,705.00
4.45%
$211,086.86
-$211,086.86
$0.00
$0.00
$4,743,525.00
$948,705.00
$4,366,226.00
$0.00
$377,299.00
$24,912,626.00
$20,169,101.00
6
51
$948,705.00
4.56%
$259,565.69
-$259,565.69
$0.00
$0.00
$5,692,230.00
$948,705.00
$5,566,511.00
$0.00
$125,719.00
$26,103,511.00
$20,411,281.00
7
52
$948,705.00
4.64%
$308,139.38
-$308,139.38
$0.00
$0.00
$6,640,935.00
$948,705.00
$6,945,196.00
$0.00
$0.00
$27,374,796.00
$20,733,861.00
8
53
$0.00
4.70%
$312,123.95
-$312,123.95
$0.00
$0.00
$6,640,935.00
$0.00
$7,457,774.00
$0.00
$0.00
$27,779,974.00
$21,139,039.00
9
54
$0.00
4.78%
$317,436.69
-$317,436.69
$0.00
$0.00
$6,640,935.00
$0.00
$7,997,950.00
$0.00
$0.00
$28,212,750.00
$21,571,815.00
10
55
$0.00
4.82%
$320,093.07
-$320,093.07
$0.00
$0.00
$6,640,935.00
$0.00
$8,567,807.00
$0.00
$0.00
$28,675,207.00
$22,034,272.00
11
56
$0.00
4.84%
$321,421.25
-$321,421.25
$0.00
$0.00
$6,640,935.00
$0.00
$9,305,068.00
$0.00
$0.00
$29,305,068.00
$22,664,133.00
12
57
-$3,320,935.00
4.91%
$163,012.00
-$163,012.00
$0.00
$0.00
$3,320,000.00
-$3,320,935.00
$6,461,549.00
$0.00
$0.00
$26,461,549.00
$23,141,549.00
13
58
-$3,320,000.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
-$3,320,000.00
$3,457,242.00
$0.00
$0.00
$23,457,242.00
$23,457,242.00
14
59
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$3,797,156.00
$0.00
$0.00
$23,797,156.00
$23,797,156.00
15
60
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$4,162,899.00
$0.00
$0.00
$24,162,899.00
$24,162,899.00
16
61
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$4,581,476.00
$0.00
$0.00
$18,850,976.00
$18,850,976.00
17
62
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$5,033,856.00
$0.00
$0.00
$19,441,411.00
$19,441,411.00
18
63
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$5,522,620.00
$0.00
$0.00
$20,020,800.00
$20,020,800.00
19
64
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$6,049,801.00
$0.00
$0.00
$20,740,035.00
$20,740,035.00
20
65
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$6,618,245.00
$0.00
$0.00
$21,459,224.00
$21,459,224.00
21
66
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$6,647,931.00
$0.00
$0.00
$21,587,579.00
$21,587,579.00
22
67
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$6,690,042.00
$0.00
$0.00
$21,669,843.00
$21,669,843.00
23
68
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$6,743,688.00
$0.00
$0.00
$21,898,567.00
$21,898,567.00
24
69
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$6,808,902.00
$0.00
$0.00
$21,874,554.00
$21,874,554.00
25
70
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$6,883,907.00
$0.00
$0.00
$22,004,862.00
$22,004,862.00
26
71
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$6,968,161.00
$0.00
$0.00
$22,079,808.00
$22,079,808.00
27
72
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,066,291.00
$0.00
$0.00
$22,099,617.00
$22,099,617.00
28
73
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,176,157.00
$0.00
$0.00
$22,328,413.00
$22,328,413.00
29
74
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,302,539.00
$0.00
$0.00
$22,231,314.00
$22,231,314.00
30
75
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,442,886.00
$0.00
$0.00
$22,365,334.00
$22,365,334.00
31
76
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,597,414.00
$0.00
$0.00
$22,448,646.00
$22,448,646.00
32
77
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,766,679.00
$0.00
$0.00
$22,474,982.00
$22,474,982.00
33
78
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$7,952,542.00
$0.00
$0.00
$22,439,398.00
$22,439,398.00
34
79
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$8,157,686.00
$0.00
$0.00
$22,337,399.00
$22,337,399.00
35
80
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$8,374,082.00
$0.00
$0.00
$22,566,875.00
$22,566,875.00
36
81
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$8,601,254.00
$0.00
$0.00
$22,750,583.00
$22,750,583.00
37
82
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$8,846,631.00
$0.00
$0.00
$22,424,518.00
$22,424,518.00
38
83
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,096,244.00
$0.00
$0.00
$22,473,690.00
$22,473,690.00
39
84
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,350,629.00
$0.00
$0.00
$22,450,747.00
$22,450,747.00
40
85
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,578,352.00
$0.00
$0.00
$22,864,317.00
$22,864,317.00
41
86
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,782,653.00
$0.00
$0.00
$22,637,029.00
$22,637,029.00
42
87
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,975,941.00
$0.00
$0.00
$22,302,358.00
$22,302,358.00
43
88
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$10,107,469.00
$0.00
$0.00
$22,443,014.00
$22,443,014.00
44
89
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$10,222,217.00
$0.00
$0.00
$21,842,905.00
$21,842,905.00
45
90
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$10,255,385.00
$0.00
$0.00
$21,755,289.00
$21,755,289.00
46
91
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$10,190,180.00
$0.00
$0.00
$21,510,326.00
$21,510,326.00
47
92
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$10,010,495.00
$0.00
$0.00
$21,088,601.00
$21,088,601.00
48
93
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,710,163.00
$0.00
$0.00
$20,482,280.00
$20,482,280.00
49
94
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$9,293,478.00
$0.00
$0.00
$19,695,183.00
$19,695,183.00
50
95
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$550,000.00
$8,785,688.00
$0.00
$0.00
$18,753,882.00
$18,753,882.00
Totals
-$2,599,381.31
$15,400,000.00