Sample APS

MEET JACK & JACKIE

Age 25 with a $100K Mortgage


Mortgage Amount

100000

Years already paid

0

Term of the Mortgage

30

Mortgage Interest Rate

3.25%

Monthly Mortgage Payment

$435.21

SUMMARY

Monthly Mortgage Payment

$435.21

Monthly Mortgage Payment Times 12 months

$5222.48

Year Plan Value Exceeds Mortgage

22

Number of Mortgage Mortgage Payments Avoided

8

Total Amount of Money Not Being Paid To A Lender

$41,780

COST ANALYSIS

Extra Dollars Paid In

$42,944

Total Amount of Money Not Being Paid To A Lender

$41,780

Extra $ Available to Retire Debt

$39,642

Cost of 20 Year Term Life Insurance

$5,580

Total Value Of All Benefits

$87,002

Percentage Paid in per Dollar of Benefit

49.36%

Year $ Paid In $ Value Mortgage Schedule % Paid of Mortgage $ for 20-year Level Term Ins
1 1952 1712 97,997.88 1.75% 279
2 3904 3614 95,929.70 3.77% 558
3 5856 4854 93,793.31 5.18% 837
4 7808 6146 91,586.43 6.71% 1116
5 9760 7494 89,306.76 8.39% 1395
6 11712 8900 86,951.88 10.24% 1674
7 13664 10366 84,519.32 12.26% 1953
8 15616 11890 82,006.51 14.50% 2232
9 17568 13476 79,410.80 16.97% 2511
10 19520 15122 76,729.47 19.71% 2790
11 21472 16828 73,959.69 22.75% 3069
12 23424 18592 71,098.53 26.15% 3348
13 25376 20418 68,142.99 29.96% 3627
14 27328 22302 65,089.95 34.26% 3906
15 29280 24244 61,936.20 39.14% 4185
16 31232 26250 58,678.41 44.74% 4464
17 33184 28314 55,313.14 51.19% 4743
18 35136 30434 51,836.87 58.71% 5022
19 37088 32610 48,245.91 67.59% 5301
20 39040 34838 44,536.50 78.22% 5580
21 40992 37210 40,704.71 91.41% 0
22 42944 39642 36,746.53 107.88% 0
23 44896 42134 32,657.76 129.02% 0
24 46848 44710 28,434.12 157.24% 0
25 48800 47366 24,071.14 196.78% 0
26 50752 50102 19,564.24 256.09% 0
27 52704 52912 14,908.66 354.91% 0
28 54656 55784 10,099.50 552.34% 0
29 56608 58718 5,131.69 1144.22% 0
30 58560 61704 (0.00) 0

The product being offered in this scenario is life insurance and the primary intention of this product is to provide a death benefit. Scenario uses the guaranteed rate.

Please consult your legal, tax advisor of any legal or tax advice. My Money Strategies does not make any claims as the data entered into these worksheets are done by each visitor.

This illustration does not reflect that dollars are paid and received at different times.