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Monumental Product Line Immediate Solution (LP-99) Product Overview ??? Premium Paying Period Level Premiums to age 99. ??? Age Last Birthday Issue Ages 0-85 ??? Minimum Issue Amount $1,000 ??? Maximum Issue Amount $25,000 ??? Benefit Period This product endows at age 121. ??? Policy Loans The policy loan rate is variable, not to exceed 8%. ??? Additional Benefits/Riders Accelerated Death Benefit Rider (ADBR) Accelerated Death Benefit Rider with Nursing Home benefit ??? Optional Rider Accidental Death Benefit Rider. Issue ages 18-85. Easy Solution Product Overview ??? Premium Paying Period Level Premiums to age 99. ??? Age Last Birthday Issue Ages 18-80 ??? Minimum Issue Amount $1,000 ??? Maximum Issue Amount $25,000 ??? Benefit Period This product endows at age 121. ??? Death Benefit Death Benefit during first two policy years is based on face amount for accidental death of insured, or will be limited to 110% of the sum of premiums paid (minus any loan balance) for death of insured from any other cause. Death Benefit after first two years is based on face amount for death of insured regardless of cause of death. ??? Policy Loans The policy loan rate is variable, not to exceed 8%. ??? Additional Benefits/Riders No riders available on this policy. 10-Pay Life Product Overview ??? Premium Paying Period Level Premiums for 10 years. ??? Age Last Birthday Issue Ages 0-85 ??? Minimum Issue Amount $1,000 ??? Maximum Issue Amount $25,000 ??? Benefit Period This product endows at age 121. ??? Policy Loans The policy loan rate is variable, not to exceed 8%. ??? Additional Benefits/Riders Accelerated Death Benefit Rider (ADBR) Accelerated Death Benefit Rider with Nursing Home benefit
Calculating A Rate Example The annual rate per 1,000 (unit) is $144.77. The desired mode is EFT and we are calculating for a $10,000 face amount (10 units). 1. Take the desired annual rate per 1,000. $144.77 2. Multiply this amount by the desired modal factor. $144.77 x 0.085 = $12.3054 3. If necessary, round the number to the nearest cent. $12.31 4. Multiply this amount by the number of units desired. $12.31 x 10 = $123.10 5. If necessary, round the number to two decimal places. $123.10 6. Add the appropriate policy fee. $123.10 + $3.50 = $126.60 (per month) |
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