Par solves

Coverage Solves

Will solve for the coverage amount based on a specified monthly/yearly premium

• Can be combined with other solves.
• Can be used in combination with layered dividend scales, loans, withdrawals, Plus premiums, and offset.
• Can be used with Enhanced insurance dividend option. In this case the coverage solve will result in the maximum coverage amount using the maximum enhancement amount.

• If the specified premium is too high, the coverage amount will be adjusted to the maximum amount allowed.
• If the premium specified is too low, the coverage amount will be adjusted to the minimum amount allowed.
• Accidental Death Benefit (ADB) and Guaranteed Insurability Benefit (GIB) amounts may be adjusted based on the Coverage amount to meet product rules.

Dividend option change to cash - Earliest

Will determine the earliest that dividend option can be changed to cash

• Can be combined with other solves.
• Only available with Paid up additional insurance (PUA) or Enhanced insurance dividend options.
• Only available when the premium option is either
  10 pay or 20 pay.

• The earliest year will be when all policy costs have stopped. For the Enhanced insurance dividend option there is an added condition that the policy has to reach cross over.
• Any specified withdrawals will end in the year when dividend option change to cash begins.

Plus Premium - Maximum

Will use the maximum Plus Premium allowed.

• Can be combined with other solves.
• Can select this option in combination with layered dividend scales, loans or withdrawals.
• Only available with PUA or Enhanced dividend options.
• Not available with 10 pay premium option.
• Not available with permanent or temporary flat extras.

• If Plus premium is selected along with a Coverage solve and the premium specified is not enough to support the Plus premium, then Plus premium will be removed from the illustration.

Premium Offset - Earliest

Will determine the earliest year that premium offset is possible without lapsing

• Can be combined with other solves.
• Can select this option in combination with layered dividend scales, loans, or withdrawals.
• Premium offset is only available with PUA or Enhanced insurance dividend options.

• There may be some situations where premium offset is not possible. An warning message will be displayed in these situations.
• When earliest offset is selected, the illustration will attempt to determine a separate earliest offset for each dividend scale scenario. So in this case, each scenario can be based on a different duration of planned premium payments.

Maximum withdrawal

The level maximum amount of money that can be withdrawn from the policy for the years specified by the user.

• Can be combined with other solves.
• Can have this withdrawal solve in combination with layered dividend scales, coverage solve and earliest offset.
• Withdrawals are only allowed with the following dividend options:
  • PUA,
  • Enhanced insurance, and
  • Dividends on deposit (DOD)

• Ensure that the years entered are not past age 100.
• The solved maximum withdrawal amount will be based on the Primary dividend scale. This amount will also be used as a specified withdrawal for alternate dividend scenarios.
• If Maximum withdrawal is selected, you cannot layer withdrawals.
• If withdrawals are illustrated, loans cannot be illustrated.
• Withdrawals will end in the year when dividend option change to cash begins (if illustrated).

Maximum
loan

The level maximum policy loan amount for the years specified by the user.

• Can be combined with other solves.
• Can have this loan solve in combination with layered dividend scales, coverage solve and earliest offset.

• Ensure that the years entered are not past age 100.
• The solved maximum loan amount will be based on the Primary dividend scale. This amount will also be used as a specified loan for the alternate dividend scenarios.
• If Maximum loan is selected, user cannot layer loans.
• If loans are illustrated, withdrawals cannot be illustrated.