Sample APS

MEET JACK & JACKIE

Age 65 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

10

Number of Mortgage Mortgage Payments Avoided

20

Total Amount of Money Not Being Paid To A Lender

$104,450

COST ANALYSIS

Extra Dollars Paid In

$129,740

Total Amount of Money Not Being Paid To A Lender

$104,450

Extra $ Available to Retire Debt

$80,146

Cost of 20 Year Term Life Insurance

$87,500

Total Value Of All Benefits

$272,096

Percentage Paid in per Dollar of Benefit

47.68%

Year $ Paid In $ Value Mortgage Schedule % Paid of Mortgage $ for 20-year Level Term Ins
1 12974 11632 97,997.88 11.87% 4375
2 25948 24556 95,929.70 25.60% 8750
3 38922 31170 93,793.31 33.23% 13125
4 51896 37884 91,586.43 41.36% 17500
5 64870 44726 89,306.76 50.08% 21875
6 77844 51670 86,951.88 59.42% 26250
7 90818 58714 84,519.32 69.47% 30625
8 103792 65790 82,006.51 80.23% 35000
9 116766 72922 79,410.80 91.83% 39375
10 129740 80146 76,729.47 104.45% 43750
11 142714 87476 73,959.69 118.28% 48125
12 155688 94936 71,098.53 133.53% 52500
13 168662 102532 68,142.99 150.47% 56875
14 181636 110274 65,089.95 169.42% 61250
15 194610 118184 61,936.20 190.82% 65625
16 207584 126340 58,678.41 215.31% 70000
17 220558 134830 55,313.14 243.76% 74375
18 233532 143816 51,836.87 277.44% 78750
19 246506 153512 48,245.91 318.19% 83125
20 259480 164170 44,536.50 368.62% 87500
21 272454 166352 40,704.71 408.68% 0
22 285428 168422 36,746.53 458.33% 0
23 298402 170376 32,657.76 521.70% 0
24 311376 172214 28,434.12 605.66% 0
25 324350 173940 24,071.14 722.61% 0
26 337324 175556 19,564.24 897.33% 0
27 350298 177162 14,908.66 1188.32% 0
28 363272 178754 10,099.50 1769.93% 0
29 376246 180384 5,131.69 3515.10% 0
30 389220 182108 (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.