Life Insurance and College Savings Plan
This interactive Plan is provided for your convenienve by Advanced Income Strategies, LLC.
Dr. Rachel Clopton
Life Insurance Funding for Mortgage Redemption and Tuition Funding
A Comparison of Approaches
Gary H. Scholnick, CLU ChFC Advanced Income Strategies, LLC
6632 Telegraph Road, Suite 372 Bloomfield Hills, MI 48301
o 248.723.1020 | f 248.723.1022
Dr Rachel Clopton
College Tuition Savings Plan
Guardian Life
Under Graduate Tuition for Kids College Bound
Tuition / Inflation
Tuition Funding Target
Policy
Att Age
Eva
William
James
Year
0.00%
9
7
3
Total
65,000
18
50%
1 2 3 4 5 6 7 8 9
38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 85 86 87 88 89 90 80
1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000 1.0000
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0
65,000 65,000 65,000 65,000
65,000 65,000 130,000 130,000 65,000 65,000 65,000 65,000 65,000 65,000
32,500 32,500 65,000 65,000 32,500 32,500 32,500 32,500 32,500 32,500
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 48 49 50 51 52 53 43
65,000 65,000 65,000 65,000
65,000 65,000 65,000 65,000
0 0 0 0 0 0 0
0 0 0 0 0 0 0
0 0 0 0 0 0 0
780,000
390,000
58
95
Dr Rachel Clopton
Minimum Premium
$1M Base Whole Life
Guardian Life
Required Guaranteed
Projected
Projected
Total Cash Value
Minimum
Total Cash Value
Net
Policy
Att Age
Annual
Death Benefit
Year
Premium
1 2 3 4 5 6 7 8 9
38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 85 86 87 88 89 90 80
12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000
0 0
0
1,000,000 1,000,200 1,001,099 1,002,112 1,003,686 1,005,875 1,009,058 1,014,487 1,022,207 1,032,172 1,044,334 1,058,701 1,075,233 1,093,845 1,114,548 1,100,603 1,087,925 1,076,297 1,065,747 1,056,233 1,047,732 1,040,199 1,033,551 1,027,776 1,022,847 1,018,741 1,015,437 1,013,763 1,012,874 1,012,770 1,013,457 1,014,944 1,017,250 1,162,791 1,180,279 1,198,363 1,217,032 1,236,145 1,255,325 1,089,081
200
6,530 16,960 27,720 39,310 51,260 63,570 76,210 89,190 102,500 116,130 130,060 144,310 158,850 173,680 188,800 204,220 219,900 235,860 250,910 266,220 281,800 297,640 313,740 330,130 346,780 363,690 380,860 398,270 415,900 433,740 451,760 722,020 738,560 754,390 769,610 784,280 798,940 635,670
6,940 17,721 29,011 41,307 54,590 68,942 84,388 100,990 118,807 137,906 158,294 180,083 203,293 214,544 226,186 238,277 250,794 263,766 276,044 288,768 301,979 315,679 329,888 344,650 359,958 376,264 393,186 410,745 428,948 447,830 467,402
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 48 49 50 51 52 53 43
705,112
854,948 887,248 919,736 952,402 985,200
1,018,402
58
95
12,000
886,500
1,195,065
1,337,038
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed See Attached Home Office Illustration of All Policy Costs, Features and Benefits
Dr Rachel Clopton
Aggregate Premium
$1M Base Whole Life / Excess Funding
Guardian Life
Voluntary Additional
Projected Guaranteed
Projected
Projecetd
Additional
Net
Total Cash Value
Net
Policy
Att Age
Annual
Annual Income
Cash Value
Death Benefit
Year
Premium
1 2 3 4 5 6 7 8 9
38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 85 86 87 88 89 90 80
24,133 24,133 24,133 24,133 24,133 24,133 24,133 24,133
0 0 0 0 0 0 0 0
23,028 23,484 23,948 24,417 24,887 25,356 25,825 26,281
23,028 47,620 80,006 117,758 157,416 199,548 244,210 291,556 284,544 277,520 236,555 193,845 183,174 172,131 160,528 135,085 107,865 78,795 82,126 85,355 88,111 91,499 94,922 98,345 101,773 105,231 108,672 112,534 116,398 120,249 124,069 127,855 131,590 163,576 162,095 159,276 155,048 149,317 142,261 161,117
1,107,682 1,211,590 1,314,995 1,416,777 1,517,528 1,617,444 1,717,032 1,817,685 1,718,033 1,625,506 1,425,429 1,232,593 1,149,992 1,069,546 1,001,678 961,405 919,065 874,575 862,226
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
‐32,500 ‐32,500 ‐52,600 ‐52,600 ‐32,500 ‐32,500 ‐32,500 ‐32,500 ‐32,500 ‐32,500
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 48 49 50 51 52 53 43
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
849,495 837,201 825,279 813,122 800,705 788,033 775,135 762,495 750,905 735,538 721,979 708,169 694,115 679,830 448,885 431,895 414,084 395,373 375,577 354,296 527,901
58
95
0
0
85,877
207,424
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed See Attached Home Office Illustration of All Policy Costs, Features and Benefits
Dr Rachel Clopton
Aggregate Premium
$1M Base Whole Life PLUS Excess Funding
Guardian Life
Required
Voluntary
Projected Guaranteed
Projected
Projecetd
Additional
Minimum Additional
Net
Total Cash Value
Net
Policy
Att Age
Annual
Annual
Annual Income
Cash Value
Death Benefit
Year
Premium Premium
1 2 3 4 5 6 7 8 9
38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 85 86 87 88 89 90 80
12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400
24,133 24,133 24,133 24,133 24,133 24,133 24,133 24,133
0 0 0 0 0 0 0 0
23,028 23,484 23,948 24,417 24,887 25,356 25,825 26,281
23,028 47,620 80,006 117,758 157,416 199,548 244,210 291,556 284,544 277,520 236,555 193,845 183,174 172,131 160,528 135,085 107,865 78,795 82,126 85,355 88,111 91,499 94,922 98,345 101,773 105,231 108,672 112,534 116,398 120,249 124,069 127,855 131,590 163,576 162,095 159,276 155,048 149,317 142,261 161,117
1,107,682 1,211,590 1,314,995 1,416,777 1,517,528 1,617,444 1,717,032 1,817,685 1,718,033 1,625,506 1,425,429 1,232,593 1,149,992 1,069,546 1,001,678 961,405 919,065 874,575 862,226
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
‐32,500 ‐32,500 ‐52,600 ‐52,600 ‐32,500 ‐32,500 ‐32,500 ‐32,500 ‐32,500 ‐32,500
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 48 49 50 51 52 53 43
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
849,495 837,201 825,279 813,122 800,705 788,033 775,135 762,495 750,905 735,538 721,979 708,169 694,115 679,830 448,885 431,895 414,084 395,373 375,577 354,296 527,901
58
95
0
0
85,877
207,424
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed See Attached Home Office Illustration of All Policy Costs, Features and Benefits
Dr Rachel Clopton
Invest Inc Tax Rate 35% Guardian 2019 Divs 5.85%
Effective Rates of Return on All Cash Flows
Guardian Life
To Age 56
To Age 70
Required
Voluntary
Minimum Additional
Total
Total
Policy
Att Age
Annual Annual Premium Premium Premium Premium Annual Annual
Year
Equiv Gross >
3.18% 2.07% 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400 12,400
13.13%
17.49% 11.37%
9.74% 6.33%
Net Yield >
8.54%
24,133 24,133 24,133 24,133 24,133 24,133 24,133 24,133 ‐32,500 ‐32,500 ‐65,000 ‐65,000 ‐32,500 ‐32,500 ‐32,500 ‐32,500 ‐32,500 ‐32,500
36,533 36,533 36,533 36,533 36,533 36,533 36,533 36,533 ‐20,100 ‐20,100 ‐52,600 ‐52,600 ‐20,100 ‐20,100 ‐20,100 ‐32,500 ‐32,500 ‐32,500 ‐862,226
36,533 36,533 36,533 36,533 36,533 36,533 36,533 36,533 ‐20,100 ‐20,100 ‐52,600 ‐52,600 ‐20,100 ‐20,100 ‐20,100 ‐32,500 ‐32,500 ‐32,500
1 2 3 4 5 6 7 8 9
38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 85 86 87 88 89 90 80
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 48 49 50 51 52 53 43
0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 0 0 0
‐679,830
0
0 ‐431,895
58
95
______________________ Policy Values Reflect Dividend Additions from Guardian Life's 2019 Dividend Scale Carrier Dividends are Never Guaranteed See Attached Home Office Illustration of All Policy Costs, Features and Benefits
Dr Rachel Clopton
Annual Premium
Guaranteed Level Term Insurance
Guardian Life
Annual Premiums / Pref Best Risk
$2M
$2M 2,000,000
Policy
Att Age
Year
Carrier
10 Year
20 Year
To Age 95
1 2 3 4 5 6 7 8 9
38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 85 86 87 88 89 90 80
Lincoln 1
448 475 465 463 828 755 819 663
794 837 811 851
Protective 1 Principal 1 Securian 1
8,801
Lincoln 2
1,174 1,197 1,255 1,091 1,540 3,040
Protective 2 Principal 2 Securian 2
10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 48 49 50 51 52 53 43
Guardian 1 Guardian 2
900
1,980
Carrier 1 Carrier 2
Convertible to end of initial Level Period Convertible with Waiver of Premium
Term Life Face Amount
Net Amount @ Risk
Annual Increasing Term Premium
$$$
Increasing Pure Mortality Risk is Not Offset by Any Guar Cash Values
38
100
Insured's Age
58
95
Presented by Advanced Income Strategies, LLC
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