Premium Finance Worksheet Prepared for: Buy/Sell Client 2
Year Age
Insurance Premium Loan Interest Rate Borrowed
Bank: TBD
Product: TBD IUL
LOAN PROJECTIONS
INSURANCE & COLLATERAL PROJECTIONS
Interest Due
Interest Paid
Additional Out of Pocket
Interest Accrued
End of Year Loan
Insurance Premium
Cash Surrender Value
Premium Deposit Account (EOY)
Collateral Shortfall
Death Benefit
Death Benefit After Loan
1
58
$2,000,000.00
3.08%
$61,600.00
-$61,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$70,944.00
$1,697,035.38
-$232,020.62
$4,521,791.00
$4,218,826.38
2
59
$0.00
3.28%
$65,600.00
-$65,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$354,898.00
$1,400,011.24
-$245,090.76
$4,801,271.00
$4,201,282.24
3
60
$0.00
3.48%
$69,600.00
-$69,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$658,673.00
$1,108,811.11
-$232,515.89
$5,100,487.00
$4,209,298.11
4
61
$0.00
3.68%
$73,600.00
-$73,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$983,520.00
$823,320.78
-$193,159.22
$5,420,690.00
$4,244,010.78
5
62
$0.00
3.88%
$77,600.00
-$77,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$1,330,918.00
$543,428.30
-$125,653.70
$5,763,400.00
$4,306,828.30
6
63
$0.00
4.08%
$81,600.00
-$81,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$1,702,749.00
$269,023.91
-$28,227.09
$6,130,544.00
$4,399,567.91
7
64
$0.00
4.28%
$85,600.00
-$85,600.00
$0.00
$0.00
$2,000,000.00
$302,965.00
$2,130,001.00
$0.00
$0.00
$6,524,433.00
$4,524,433.00
8
65
$0.00
4.48%
$89,600.00
-$89,600.00
$0.00
$0.00
$2,000,000.00
$0.00
$2,281,623.00
$0.00
$0.00
$6,642,691.00
$4,642,691.00
9
66
$0.00
4.68%
$93,600.00
-$93,600.00
$0.00
$0.00
$2,000,000.00
$0.00
$2,443,475.00
$0.00
$0.00
$6,771,180.00
$4,771,180.00
10
67
$0.00
4.88%
$97,600.00
-$97,600.00
$0.00
$0.00
$2,000,000.00
$0.00
$2,616,804.00
$0.00
$0.00
$6,911,146.00
$4,911,146.00
11
68
$0.00
5.08%
$101,600.00
-$101,600.00
$0.00
$0.00
$2,000,000.00
$0.00
$2,842,781.00
$0.00
$0.00
$7,103,759.00
$5,103,759.00
12
69
-$2,000,000.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
-$2,000,000.00
$923,563.00
$0.00
$0.00
$5,184,541.00
$5,184,541.00
13
70
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,029,208.00
$0.00
$0.00
$2,055,978.00
$2,055,978.00
14
71
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$1,145,910.00
$0.00
$0.00
$1,945,728.00
$1,945,728.00
15
72
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,099,577.00
$0.00
$0.00
$1,656,716.00
$1,656,716.00
16
73
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,056,078.00
$0.00
$0.00
$1,492,096.00
$1,492,096.00
17
74
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,016,020.00
$0.00
$0.00
$1,397,835.00
$1,397,835.00
18
75
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$978,701.00
$0.00
$0.00
$1,296,475.00
$1,296,475.00
19
76
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$944,978.00
$0.00
$0.00
$1,187,839.00
$1,187,839.00
20
77
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$914,169.00
$0.00
$0.00
$1,173,932.00
$1,173,932.00
21
78
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$886,688.00
$0.00
$0.00
$1,164,442.00
$1,164,442.00
22
79
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$862,959.00
$0.00
$0.00
$1,159,860.00
$1,159,860.00
23
80
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$843,440.00
$0.00
$0.00
$1,160,715.00
$1,160,715.00
24
81
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$828,584.00
$0.00
$0.00
$1,167,534.00
$1,167,534.00
25
82
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$818,346.00
$0.00
$0.00
$1,180,323.00
$1,180,323.00
26
83
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$812,890.00
$0.00
$0.00
$1,199,310.00
$1,199,310.00
27
84
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$812,855.00
$0.00
$0.00
$1,225,224.00
$1,225,224.00
28
85
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$818,370.00
$0.00
$0.00
$1,258,263.00
$1,258,263.00
29
86
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$829,114.00
$0.00
$0.00
$1,298,156.00
$1,298,156.00
30
87
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$845,429.00
$0.00
$0.00
$1,345,328.00
$1,345,328.00
31
88
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$866,601.00
$0.00
$0.00
$1,399,103.00
$1,399,103.00
32
89
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$891,785.00
$0.00
$0.00
$1,458,667.00
$1,458,667.00
33
90
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$919,872.00
$0.00
$0.00
$1,522,935.00
$1,522,935.00
34
91
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$949,178.00
$0.00
$0.00
$1,590,223.00
$1,590,223.00
35
92
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$995,756.00
$0.00
$0.00
$1,541,129.00
$1,541,129.00
36
93
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,066,503.00
$0.00
$0.00
$1,501,811.00
$1,501,811.00
37
94
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,170,806.00
$0.00
$0.00
$1,480,006.00
$1,480,006.00
38
95
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,321,047.00
$0.00
$0.00
$1,486,026.00
$1,486,026.00
39
96
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,532,092.00
$0.00
$0.00
$1,532,092.00
$1,532,092.00
40
97
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$1,777,469.00
$0.00
$0.00
$1,777,469.00
$1,777,469.00
41
98
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$2,060,836.00
$0.00
$0.00
$2,060,836.00
$2,060,836.00
42
99
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$2,386,188.00
$0.00
$0.00
$2,386,188.00
$2,386,188.00
43
100
$0.00
0.00%
$0.00
$0.00
$0.00
$0.00
$0.00
$165,000.00
$2,757,892.00
$0.00
$0.00
$2,757,892.00
$2,757,892.00
Totals
-$897,600.00
$4,785,000.00