Sample APS

MEET JACK & JACKIE

Age 60 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

12

Number of Mortgage Mortgage Payments Avoided

18

Total Amount of Money Not Being Paid To A Lender

$94,005

COST ANALYSIS

Extra Dollars Paid In

$119,976

Total Amount of Money Not Being Paid To A Lender

$94,005

Extra $ Available to Retire Debt

$75,092

Cost of 20 Year Term Life Insurance

$50,860

Total Value Of All Benefits

$219,957

Percentage Paid in per Dollar of Benefit

54.55%

Year $ Paid In $ Value Mortgage Schedule % Paid of Mortgage $ for 20-year Level Term Ins
1 9998 8954 97,997.88 9.14% 2543
2 19996 18902 95,929.70 19.70% 5086
3 29994 24304 93,793.31 25.91% 7629
4 39992 29730 91,586.43 32.46% 10172
5 49990 35184 89,306.76 39.40% 12715
6 59988 40672 86,951.88 46.78% 15258
7 69986 46214 84,519.32 54.68% 17801
8 79984 51828 82,006.51 63.20% 20344
9 89982 57514 79,410.80 72.43% 22887
10 99980 63300 76,729.47 82.50% 25430
11 109978 69158 73,959.69 93.51% 27973
12 119976 75092 71,098.53 105.62% 30516
13 129974 81028 68,142.99 118.91% 33059
14 139972 86990 65,089.95 133.65% 35602
15 149970 93004 61,936.20 150.16% 38145
16 159968 99076 58,678.41 168.85% 40688
17 169966 105220 55,313.14 190.23% 43231
18 179964 111432 51,836.87 214.97% 45774
19 189962 117706 48,245.91 243.97% 48317
20 199960 124048 44,536.50 278.53% 50860
21 209958 131244 40,704.71 322.43% 0
22 219956 138694 36,746.53 377.43% 0
23 229954 146546 32,657.76 448.73% 0
24 239952 154966 28,434.12 545.00% 0
25 249950 164170 24,071.14 682.02% 0
26 259948 166352 19,564.24 850.29% 0
27 269946 168422 14,908.66 1129.69% 0
28 279944 170376 10,099.50 1686.98% 0
29 289942 172214 5,131.69 3355.89% 0
30 299940 173940 (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.