Sample APS

MEET JACK & JACKIE

Age 30 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

21

Number of Mortgage Mortgage Payments Avoided

9

Total Amount of Money Not Being Paid To A Lender

$47,002

COST ANALYSIS

Extra Dollars Paid In

$50,232

Total Amount of Money Not Being Paid To A Lender

$47,002

Extra $ Available to Retire Debt

$45,162

Cost of 20 Year Term Life Insurance

$5,940

Total Value Of All Benefits

$98,104

Percentage Paid in per Dollar of Benefit

51.20%
Year $ Paid In $ Value Mortgage Schedule % Paid of Mortgage $ for 20-year Level Term Ins
1 2392 2108 97,997.88 2.15% 297
2 4784 4450 95,929.70 4.64% 594
3 7176 6032 93,793.31 6.43% 891
4 9568 7678 91,586.43 8.38% 1188
5 11960 9384 89,306.76 10.51% 1485
6 14352 11154 86,951.88 12.83% 1782
7 16744 12984 84,519.32 15.36% 2079
8 19136 14878 82,006.51 18.14% 2376
9 21528 16834 79,410.80 21.20% 2673
10 23920 18850 76,729.47 24.57% 2970
11 26312 20930 73,959.69 28.30% 3267
12 28704 23072 71,098.53 32.45% 3564
13 31096 25274 68,142.99 37.09% 3861
14 33488 27532 65,089.95 42.30% 4158
15 35880 29846 61,936.20 48.19% 4455
16 38272 32212 58,678.41 54.90% 4752
17 40664 34636 55,313.14 62.62% 5049
18 43056 37120 51,836.87 71.61% 5346
19 45448 39686 48,245.91 82.26% 5643
20 47840 42330 44,536.50 95.05% 5940
21 50232 45162 40,704.71 110.95% 0
22 52624 48072 36,746.53 130.82% 0
23 55016 51046 32,657.76 156.31% 0
24 57408 54084 28,434.12 190.21% 0
25 59800 57176 24,071.14 237.53% 0
26 62192 60310 19,564.24 308.27% 0
27 64584 63488 14,908.66 425.85% 0
28 66976 66712 10,099.50 660.55% 0
29 69368 70006 5,131.69 1364.19% 0
30 71760 73362 (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.

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