R Client1 & S Client2 · 2014-04-02 · Prepared for: R Client1 & S Client2 Prepared by: Analysis...

ndividual Investment Shelter

Prepared for: R Client1 & S Client2

Prepared by:

I (a strategy utilizing exempt life insurance)

of 27 03/02/2014

Individual Investment Shelter(a strategy utilizing exempt life insurance)

Table of Contents1 About This Presentation 2 Summary Description Page 33 Analysis Page 44 Conclusion Page 55 Assumptions Page 66 Chart Page 77 Taxable Investment vs. IIS Strategy Page 88 Taxable Investment (Detailed Calculations) Page 109 Life Insurance (Detailed Calculations) Page 12

10 Values (Detailed Calculations) Page 14

If you have any questions, please feel free to contact me,

Tel:Fax:Cell:

About This Presentation:

Limitations on Values and Guarantees:

This presentation was prepared for information purposes only and is neither an insurance contract nor an offer to provide insurance. It does not form any part of any policy that may be issued and is not intended to provide or replace professional legal or tax advice. For your own specific situation, please consult your own tax and legal advisors.

This presentation contains figures extracted from the SunUniversalLife MAX illustration accompanying this presentation and bearing the same date. This presentation should be read together with that illustration and is incomplete without it. For example, the accompanying illustration contains policy values based on more than one interest rate scenario. Illustrating multiple scenarios shows how even a small change in interest assumptions can result in a significant reduction in policy values. Such changes would have a similar impact on the figures shown in this presentation.

Unless otherwise indicated, none of the figures shown in this presentation is guaranteed. They are based on assumptions that are certain to change and are neither an estimate nor a guarantee of future performance. Actual results will differ upward or downward and even a small change can have a large negative impact on the non-guaranteed figures in this presentation.

The tax treatment referenced in this concept is based on the current Canadian Federal Income Tax Act. Since tax legislation is subject to change, the tax treatment and illustrated numbers are not guaranteed.

This presentation contains figures extracted from the Sun Par Accumulator illustration accompanying this presentation and bearing the same date. This presentation should be read together with that illustration and is incomplete without it. For example, the accompanying illustration contains policy values based on more than one dividend scale scenario. Illustrating multiple scenarios shows how even a small change in dividend scale assumptions can result in a significant reduction in policy values. Such changes would have a similar impact on the figures shown in this presentation.



This presentation contains figures extracted from the SunUniversalLife illustration accompanying this presentation and bearing the same date. This presentation should be read together with that illustration and is incomplete without it. For example, the accompanying illustration contains policy values based on more than one interest rate scenario. Illustrating multiple scenarios shows how even a small change in interest assumptions can result in a significant reduction in policy values. Such changes would have a similar impact on the figures shown in this presentation.



This presentation contains figures extracted from the Sun Limited Pay Life illustration accompanying this presentation and bearing the same date. This presentation should be read together with that illustration and is incomplete without it. For example, the accompanying illustration contains policy values based on more than one interest rate scenario. Illustrating multiple scenarios shows how even a small change in interest assumptions can result in a significant reduction in policy values. Such changes would have a similar impact on the figures shown in this presentation.



This presentation contains figures extracted from the Sun Par Protector illustration accompanying this presentation and bearing the same date. This presentation should be read together with that illustration and is incomplete without it. For example, the accompanying illustration contains policy values based on more than one dividend scale scenario. Illustrating multiple scenarios shows how even a small change in dividend scale assumptions can result in a significant reduction in policy values. Such changes would have a similar impact on the figures shown in this presentation.



Page 2 of 27 03/02/2014


Prepared for: R Client1 & S Client2Prepared by:

Situation:

Objective:

Problem:

Recommendation:

Comparison of Estate Values

The Individual Investment Shelter strategy (IIS) is a better way to achieve your objectives. The IIS strategy can increase the after-tax estate value of your assets, compared with using taxable investments (Please see the graph below).

You have significant assets in taxable investments.

You don’t plan to use these investments for any specific purpose during your lifetime.

These taxes will limit the after-tax value of the investments to your estate.

You plan to transfer this wealth to your children or other beneficiaries after your death.

You would like to maximize the after-tax value of these investments to your estate.

The annual return on your investments is eroded by income taxes.

When investments are liquidated, any deferred capital gains are realized, and become taxable to you or your estate.

500

000

500

000

500

000

500

53 56 59 62 65 68 71 74 77 80 83 86 89 92 95 98

Taxable: Estate Value IIS: Estate Value

Taxable: Asset Value IIS: Death Benefit

n $ 000s)

Age

of 27 03/02/2014



Analysis

The Individual Investment Shelter (IIS) strategy uses a participating insurance policy to accumulate funds on a tax-deferred basis during the insured’s lifetime, and pays out tax-free on death:

You purchase a participating insurance policy and make payments to the policy.

The life insurance provides an immediate increase in your estate value.

Should unforeseen circumstances arise, you could always withdraw or borrow money from the policy’s cash value while the insured is living. Income tax may be payable on a portion or all of this money in the year of the transaction.

Growth accumulated in the policy is reinvested without deduction of income tax.

On the death of the insured person(s), the insurance amount is paid out tax free.

You can direct the payment of the death benefit directly to a named beneficiary to avoid public scrutiny, estate settlement delays, and the estate settlement costs which would apply to investments in your estate.

The diagram below shows how the IIS strategy differs from a taxable investment on death, and compares the values at age 76.

Funds paid to the policy may be protected against seizure by your creditors during your lifetime and after your death provided certain conditions are met.

$ $Annual Tax on investment income

Taxable Investment

Income Tax on deferred capital gains

Liquidated Value available to pay to beneficiaries

After-tax value to beneficiaries

Estate Settlement Costs to distribute estate assets

$1,129,988

$1,105,603

No Annual Tax on growth accumulated in the policy

Participating Policy

No Tax on life insurance death benefit

Death Benefit available to pay to beneficiaries

After-tax value of beneficiaries

Estate Settlement Costs to distribute estate assets

$1,943,694

$1,940,619

Structure: Taxable Investments Structure: Individual Investment Shelter

Beneficiaries named in policy

No Estate Settlement Costs on Death

Benefits paid directly to beneficiaries

$24,386 $3,076

of 27 03/02/2014



Detailed Analysis:

Conclusion:

The attached ledger pages compare the projected values accumulated with the Individual Investment Shelter strategy, to those accumulated in taxable investments. Details on the insurance policy and taxable investments used in the comparison are specified on the ‘Assumptions’ page.

During the insured’s lifetime, the liquidation value of the Individual Investment Shelter strategy is usually less than the liquidation value of the taxable investments. Provided you are quite certain of your income requirements and are quite sure you won't need the capital during your lifetime, the financial advantages may outweigh theses drawbacks.

On the death of the insured, the value of the Individual Investment Shelter strategy is usually much higher than the value of the taxable investments. Since your objective is to maximize the value to your beneficiaries, the Individual Investment Shelter strategy may be a preferable option.

The Individual Investment Shelter strategy may fit your objectives better than taxable investments, since it may allow for alarger net value paid to your beneficiaries.

of 27 03/02/2014



Plan and Tax Assumptions

Marginal tax rate on interest: 45.00%Marginal tax rate on dividends: 31.00%Capital Gains Inclusion Rate: 50.00%

Insured Person: R Client1 & S Client2Benefit Type:Face Amount: 750,000Dividend Scale Current

Insurance Funding: Fund from investment

Estate settlement Costs:Life Policy Beneficiaries:

Investment Assumptions

Investment Balance: 500,000Investment ACB: 500,000

Annual Portfolio Turnover: 25.00% * assumes zero transaction costs

Investment AllocationNow Age 65 Now Age 65

Cash: 0.0% 0.0% 0.0% 0.0%Bond Can.: 40.0% 40.0% 40.0% 40.0%Bond For.: 0.0% 0.0% 0.0% 0.0%Equity Can.: 60.0% 60.0% 60.0% 60.0%Equity For.: 0.0% 0.0% 0.0% 0.0%Equity US: 0.0% 0.0% 0.0% 0.0%Equity Small Cap: 0.0% 0.0% 0.0% 0.0%

Weighted Return: 5.00% 5.00% 5.00% 5.00%

Investment Returns

Assumed Interest Dividend Capital RealizedReturn Gains Gains

Cash: 3.00% 100%Bond Can.: 5.00% 90% 10% 5%Bond For.: 5.50% 85% 15% 10%Equity Can.: 5.00% 20% 80% 20%Equity For.: 7.50% 10% 90% 20%Equity US: 7.50% 5% 95% 20%Equity Small Cap: 8.00% 100% 30%

Without IIS With IIS

5.0% of the first $50,000 plus 2.0% of the remainder.Named beneficiaries receive 100.00% of benefit.

SunUniversalLife MAX Sun Par AccumulatorSunUniversalLife Sun Limited Pay Life Sun Par Protector

of 27 03/02/2014



Liquidation Values

Estate Values

500

1000

1500

2000

2500

3000

3500

53 56 59 62 65 68 71 74 77 80 83 86 89 92 95 98

Taxable: Liquidation Value IIS: Liquidation Value

Taxable: Asset Value IIS: Asset Value

500

1000

1500

2000

2500

3000

3500

53 56 59 62 65 68 71 74 77 80 83 86 89 92 95 98

Taxable: Estate Value IIS: Estate Value

Taxable: Asset Value IIS: Death Benefit

(in $ 000s)

(in $ 000s)

Age

Age

of 27 03/02/2014


Prepared by:

Taxable Investment IIS StrategyAnnual Net Annual Net Net to Total Policy Net Net to Net Net to

Personal Income Investment Balance on Beneficiaries Policy Cash Death Investment Balance on Individual Balance on BeneficiariesYr. Age Payments Withdrawal Balance Liquidation (Death) Payment Value Benefit Balance Liquidation (Liquidation) Death (Death)

1 53 0 0 518,875 517,095 505,217 46,423 17,125 803,569 470,700 486,210 486,210 1,272,654 1,261,7402 54 0 0 538,018 534,835 522,575 46,423 36,119 859,157 439,732 473,288 473,288 1,296,326 1,286,0313 55 0 0 557,533 553,230 540,580 46,423 57,125 916,833 407,246 461,319 461,319 1,321,027 1,311,3824 56 0 0 577,504 572,292 559,242 46,423 80,310 976,699 373,333 450,418 450,418 1,346,807 1,337,8405 57 0 0 598,003 592,037 578,577 46,423 110,853 1,038,843 338,044 445,715 445,715 1,373,705 1,365,4446 58 0 0 619,086 612,483 598,601 46,423 146,612 1,105,062 301,398 445,022 445,022 1,403,472 1,395,9447 59 0 0 640,806 633,649 619,333 46,423 187,517 1,174,633 263,394 448,222 448,222 1,435,338 1,428,5718 60 0 0 663,208 655,559 640,794 46,423 234,179 1,248,551 224,016 455,880 455,880 1,470,252 1,464,2729 61 0 0 686,332 678,234 663,007 46,423 286,346 1,325,724 183,240 467,697 467,697 1,507,075 1,501,910

10 62 0 0 710,217 701,699 685,995 46,423 344,308 1,406,378 141,031 483,914 483,914 1,545,984 1,541,66311 63 0 0 734,899 725,982 709,784 46,423 419,915 1,516,783 97,355 516,333 516,333 1,613,201 1,609,75412 64 0 0 760,412 751,108 734,400 46,423 499,762 1,624,985 52,174 547,178 547,178 1,676,722 1,674,17813 65 0 0 786,792 777,106 759,870 0 536,995 1,632,282 54,034 563,087 563,087 1,685,803 1,683,22214 66 0 0 814,073 804,007 786,225 0 574,690 1,635,866 55,946 578,576 578,576 1,691,234 1,688,61515 67 0 0 842,288 831,840 813,494 0 616,356 1,643,200 57,913 595,546 595,546 1,700,481 1,697,82316 68 0 0 871,473 860,638 841,708 0 662,777 1,656,973 59,942 613,356 613,356 1,716,234 1,713,53517 69 0 0 901,663 890,433 870,900 0 730,005 1,673,860 62,034 642,192 642,192 1,735,170 1,732,43018 70 0 0 932,894 921,261 901,103 0 802,871 1,693,829 64,195 673,733 673,733 1,757,260 1,754,47619 71 0 0 965,203 953,157 932,353 0 881,362 1,716,897 66,428 707,986 707,986 1,782,523 1,779,69520 72 0 0 998,628 986,157 964,685 0 961,474 1,742,990 68,735 742,757 742,757 1,810,887 1,808,01321 73 0 0 1,033,209 1,020,300 998,136 0 1,009,068 1,770,122 71,120 758,783 758,783 1,840,369 1,837,44722 74 0 0 1,068,986 1,055,626 1,032,746 0 1,058,665 1,799,841 73,587 775,034 775,034 1,872,520 1,869,54823 75 0 0 1,106,001 1,092,174 1,068,554 0 1,110,231 1,831,881 76,138 791,504 791,504 1,907,076 1,904,05324 76 0 0 1,144,297 1,129,988 1,105,603 0 1,163,709 1,865,896 78,776 808,224 808,224 1,943,694 1,940,61925 77 0 0 1,183,918 1,169,112 1,143,934 0 1,219,058 1,901,746 81,506 825,164 825,164 1,982,238 1,979,10726 78 0 0 1,224,910 1,209,590 1,183,592 0 1,268,760 1,928,303 84,329 838,193 838,193 2,011,581 2,008,39527 79 0 0 1,267,321 1,251,470 1,224,623 0 1,319,775 1,956,520 87,250 851,038 851,038 2,042,681 2,039,43628 80 0 0 1,311,200 1,294,799 1,267,075 0 1,372,148 1,986,432 90,271 863,638 863,638 2,075,576 2,072,27129 81 0 0 1,356,599 1,339,629 1,310,997 0 1,425,918 2,018,077 93,398 876,486 876,486 2,110,308 2,106,94030 82 0 0 1,403,569 1,386,012 1,356,440 0 1,481,187 2,051,511 96,632 910,077 910,077 2,146,935 2,143,502


A detailed definition of each column is available on request. of 27 03/02/2014


Prepared by:

Taxable Investment IIS StrategyAnnual Net Annual Net Net to Total Policy Net Net to Net Net to

Personal Income Investment Balance on Beneficiaries Policy Cash Death Investment Balance on Individual Balance on BeneficiariesYr. Age Payments Withdrawal Balance Liquidation (Death) Payment Value Benefit Balance Liquidation (Liquidation) Death (Death)


31 83 0 0 1,452,165 1,434,000 1,403,456 0 1,538,056 2,086,794 99,978 944,659 944,659 2,185,522 2,182,02232 84 0 0 1,502,444 1,483,649 1,452,100 0 1,596,665 2,124,017 103,439 980,312 980,312 2,226,163 2,222,59433 85 0 0 1,554,463 1,535,018 1,502,428 0 1,662,740 2,163,113 107,021 1,020,190 1,020,190 2,268,796 2,265,15534 86 0 0 1,608,284 1,588,165 1,554,499 0 1,725,008 2,203,972 110,727 1,058,096 1,058,096 2,313,314 2,309,59935 87 0 0 1,663,968 1,643,152 1,608,373 0 1,788,897 2,246,337 114,560 1,097,021 1,097,021 2,359,465 2,355,67336 88 0 0 1,721,580 1,700,043 1,664,111 0 1,854,146 2,289,941 118,527 1,136,824 1,136,824 2,406,985 2,403,11537 89 0 0 1,781,186 1,758,904 1,721,780 0 1,920,336 2,334,338 122,631 1,177,282 1,177,282 2,455,435 2,451,48238 90 0 0 1,842,857 1,819,803 1,781,445 0 1,986,995 2,379,151 126,877 1,218,137 1,218,137 2,504,441 2,500,40339 91 0 0 1,906,662 1,882,810 1,843,177 0 2,053,658 2,424,028 131,270 1,259,139 1,259,139 2,553,655 2,549,53040 92 0 0 1,972,677 1,947,999 1,907,045 0 2,120,009 2,468,643 135,815 1,300,121 1,300,121 2,602,759 2,598,54241 93 0 0 2,040,977 2,015,444 1,973,125 0 2,185,915 2,512,773 140,517 1,341,012 1,341,012 2,651,532 2,647,22242 94 0 0 2,111,642 2,085,225 2,041,493 0 2,251,695 2,556,305 145,382 1,381,995 1,381,995 2,699,868 2,695,46143 95 0 0 2,184,754 2,157,422 2,112,227 0 2,318,125 2,599,348 150,416 1,423,503 1,423,503 2,747,882 2,743,37444 96 0 0 2,260,397 2,232,119 2,185,411 0 2,386,814 2,642,160 155,624 1,466,425 1,466,425 2,795,837 2,791,22445 97 0 0 2,338,659 2,309,402 2,261,129 0 2,460,825 2,685,021 161,012 1,512,451 1,512,451 2,844,018 2,839,29846 98 0 0 2,419,630 2,389,361 2,339,468 0 2,546,017 2,728,160 166,586 1,564,811 1,564,811 2,892,662 2,887,83147 99 0 0 2,503,406 2,472,088 2,420,520 0 2,654,284 2,771,191 172,354 1,630,054 1,630,054 2,941,389 2,936,44248 100 0 0 2,590,081 2,557,680 2,504,378 0 2,811,757 2,811,757 178,322 1,722,557 1,722,557 2,987,848 2,982,781



Prepared by:

Annual Income Annual Annual Annual Annual Tax on Deferred Net Estate Net to

Personal from Interest Dividend Realized Deferred Investment Investment Capital Tax on Balance on Settlement BeneficiariesYr. Age Payments Withdrawals Income Income Gains Gains Income Balance Gains Liquidation Liquidation Costs (Death)

1 53 0 0 9,000 3,000 2,450 10,550 6,125 518,875 7,913 1,780 517,095 11,878 505,2172 54 0 0 9,340 3,113 2,542 10,948 6,801 538,018 14,146 3,183 534,835 12,260 522,5753 55 0 0 9,684 3,228 2,636 11,352 7,386 557,533 19,123 4,303 553,230 12,651 540,5804 56 0 0 10,036 3,345 2,732 11,764 7,905 577,504 23,165 5,212 572,292 13,050 559,2425 57 0 0 10,395 3,465 2,830 12,185 8,377 598,003 26,513 5,965 592,037 13,460 578,5776 58 0 0 10,764 3,588 2,930 12,618 8,817 619,086 29,348 6,603 612,483 13,882 598,6017 59 0 0 11,144 3,715 3,034 13,063 9,234 640,806 31,808 7,157 633,649 14,316 619,3338 60 0 0 11,535 3,845 3,140 13,521 9,639 663,208 33,997 7,649 655,559 14,764 640,7949 61 0 0 11,938 3,979 3,250 13,994 10,036 686,332 35,993 8,098 678,234 15,227 663,007

10 62 0 0 12,354 4,118 3,363 14,482 10,432 710,217 37,856 8,518 701,699 15,704 685,99511 63 0 0 12,784 4,261 3,480 14,986 10,829 734,899 39,631 8,917 725,982 16,198 709,78412 64 0 0 13,228 4,409 3,601 15,506 11,231 760,412 41,353 9,304 751,108 16,708 734,40013 65 0 0 13,687 4,562 3,726 16,045 11,641 786,792 43,048 9,686 777,106 17,236 759,87014 66 0 0 14,162 4,721 3,855 16,601 12,059 814,073 44,737 10,066 804,007 17,781 786,22515 67 0 0 14,653 4,884 3,989 17,177 12,488 842,288 46,436 10,448 831,840 18,346 813,49416 68 0 0 15,161 5,054 4,127 17,772 12,930 871,473 48,156 10,835 860,638 18,929 841,70817 69 0 0 15,687 5,229 4,270 18,388 13,384 901,663 49,908 11,229 890,433 19,533 870,90018 70 0 0 16,230 5,410 4,418 19,025 13,852 932,894 51,700 11,632 921,261 20,158 901,10319 71 0 0 16,792 5,597 4,571 19,684 14,335 965,203 53,538 12,046 953,157 20,804 932,35320 72 0 0 17,374 5,791 4,729 20,366 14,835 998,628 55,428 12,471 986,157 21,473 964,68521 73 0 0 17,975 5,992 4,893 21,071 15,350 1,033,209 57,374 12,909 1,020,300 22,164 998,13622 74 0 0 18,598 6,199 5,063 21,801 15,883 1,068,986 59,381 13,361 1,055,626 22,880 1,032,74623 75 0 0 19,242 6,414 5,238 22,556 16,435 1,106,001 61,453 13,827 1,092,174 23,620 1,068,55424 76 0 0 19,908 6,636 5,419 23,337 17,005 1,144,297 63,592 14,308 1,129,988 24,386 1,105,60325 77 0 0 20,597 6,866 5,607 24,145 17,594 1,183,918 65,802 14,806 1,169,112 25,178 1,143,93426 78 0 0 21,311 7,104 5,801 24,981 18,204 1,224,910 68,087 15,320 1,209,590 25,998 1,183,59227 79 0 0 22,048 7,349 6,002 25,846 18,834 1,267,321 70,450 15,851 1,251,470 26,846 1,224,62328 80 0 0 22,812 7,604 6,210 26,740 19,487 1,311,200 72,893 16,401 1,294,799 27,724 1,267,07529 81 0 0 23,602 7,867 6,425 27,666 20,162 1,356,599 75,419 16,969 1,339,629 28,632 1,310,99730 82 0 0 24,419 8,140 6,647 28,624 20,860 1,403,569 78,033 17,557 1,386,012 29,571 1,356,440


Taxable Investments



Prepared by:

Annual Income Annual Annual Annual Annual Tax on Deferred Net Estate Net to

Personal from Interest Dividend Realized Deferred Investment Investment Capital Tax on Balance on Settlement BeneficiariesYr. Age Payments Withdrawals Income Income Gains Gains Income Balance Gains Liquidation Liquidation Costs (Death)


Taxable Investments

31 83 0 0 25,264 8,421 6,877 29,615 21,582 1,452,165 80,736 18,166 1,434,000 30,543 1,403,45632 84 0 0 26,139 8,713 7,116 30,641 22,330 1,502,444 83,532 18,795 1,483,649 31,549 1,452,10033 85 0 0 27,044 9,015 7,362 31,702 23,103 1,554,463 86,426 19,446 1,535,018 32,589 1,502,42834 86 0 0 27,980 9,327 7,617 32,799 23,903 1,608,284 89,419 20,119 1,588,165 33,666 1,554,49935 87 0 0 28,949 9,650 7,881 33,935 24,730 1,663,968 92,515 20,816 1,643,152 34,779 1,608,37336 88 0 0 29,951 9,984 8,153 35,110 25,587 1,721,580 95,719 21,537 1,700,043 35,932 1,664,11137 89 0 0 30,988 10,329 8,436 36,325 26,472 1,781,186 99,033 22,282 1,758,904 37,124 1,721,78038 90 0 0 32,061 10,687 8,728 37,583 27,389 1,842,857 102,462 23,054 1,819,803 38,357 1,781,44539 91 0 0 33,171 11,057 9,030 38,884 28,337 1,906,662 106,010 23,852 1,882,810 39,633 1,843,17740 92 0 0 34,320 11,440 9,343 40,231 29,318 1,972,677 109,680 24,678 1,947,999 40,954 1,907,04541 93 0 0 35,508 11,836 9,666 41,623 30,334 2,040,977 113,478 25,532 2,015,444 42,320 1,973,12542 94 0 0 36,738 12,246 10,001 43,065 31,384 2,111,642 117,407 26,417 2,085,225 43,733 2,041,49343 95 0 0 38,010 12,670 10,347 44,556 32,470 2,184,754 121,472 27,331 2,157,422 45,195 2,112,22744 96 0 0 39,326 13,109 10,705 46,098 33,595 2,260,397 125,678 28,277 2,232,119 46,708 2,185,41145 97 0 0 40,687 13,562 11,076 47,694 34,758 2,338,659 130,029 29,257 2,309,402 48,273 2,261,12946 98 0 0 42,096 14,032 11,459 49,346 35,961 2,419,630 134,531 30,269 2,389,361 49,893 2,339,46847 99 0 0 43,553 14,518 11,856 51,054 37,206 2,503,406 139,189 31,318 2,472,088 51,568 2,420,52048 100 0 0 45,061 15,020 12,267 52,822 38,495 2,590,081 144,008 32,402 2,557,680 53,302 2,504,378



Prepared by: Insurance deposit funded from taxable investment

Annual Withdrawal Policy Policy Income Annual Annual Annual Annual Tax on Deferred

Personal for Policy Cash Death from Interest Dividend Realized Deferred Investment Investment CapitalYr. Age Payments Payment Value Benefit Withdrawals Income Income Gains Gains Income Balance Gains

1 53 0 46,423 17,125 803,569 0 8,164 2,721 2,223 9,570 5,556 470,700 7,1782 54 0 46,423 36,119 859,157 0 7,637 2,546 2,079 8,952 5,760 439,732 11,3903 55 0 46,423 57,125 916,833 0 7,080 2,360 1,927 8,299 5,729 407,246 13,5644 56 0 46,423 80,310 976,699 0 6,495 2,165 1,768 7,613 5,531 373,333 14,3375 57 0 46,423 110,853 1,038,843 0 5,884 1,961 1,602 6,898 5,212 338,044 14,1436 58 0 46,423 146,612 1,105,062 0 5,249 1,750 1,429 6,153 4,805 301,398 13,2807 59 0 46,423 187,517 1,174,633 0 4,590 1,530 1,249 5,380 4,331 263,394 11,9508 60 0 46,423 234,179 1,248,551 0 3,905 1,302 1,063 4,578 3,804 224,016 10,2909 61 0 46,423 286,346 1,325,724 0 3,197 1,066 870 3,747 3,234 183,240 8,395

10 62 0 46,423 344,308 1,406,378 0 2,463 821 670 2,887 2,627 141,031 6,33511 63 0 46,423 419,915 1,516,783 0 1,703 568 464 1,996 1,984 97,355 4,16312 64 0 46,423 499,762 1,624,985 0 917 306 250 1,075 1,305 52,174 1,94313 65 0 0 536,995 1,632,282 0 939 313 256 1,101 748 54,034 2,28314 66 0 0 574,690 1,635,866 0 973 324 265 1,140 790 55,946 2,56715 67 0 0 616,356 1,643,200 0 1,007 336 274 1,180 830 57,913 2,81116 68 0 0 662,777 1,656,973 0 1,042 347 284 1,222 868 59,942 3,02517 69 0 0 730,005 1,673,860 0 1,079 360 294 1,265 904 62,034 3,21718 70 0 0 802,871 1,693,829 0 1,117 372 304 1,309 941 64,195 3,39419 71 0 0 881,362 1,716,897 0 1,156 385 315 1,355 977 66,428 3,56220 72 0 0 961,474 1,742,990 0 1,196 399 325 1,402 1,014 68,735 3,72321 73 0 0 1,009,068 1,770,122 0 1,237 412 337 1,450 1,051 71,120 3,88022 74 0 0 1,058,665 1,799,841 0 1,280 427 348 1,501 1,089 73,587 4,03523 75 0 0 1,110,231 1,831,881 0 1,325 442 361 1,553 1,128 76,138 4,19124 76 0 0 1,163,709 1,865,896 0 1,370 457 373 1,607 1,168 78,776 4,34825 77 0 0 1,219,058 1,901,746 0 1,418 473 386 1,662 1,210 81,506 4,50826 78 0 0 1,268,760 1,928,303 0 1,467 489 399 1,720 1,252 84,329 4,67127 79 0 0 1,319,775 1,956,520 0 1,518 506 413 1,779 1,296 87,250 4,83728 80 0 0 1,372,148 1,986,432 0 1,570 523 428 1,841 1,341 90,271 5,00929 81 0 0 1,425,918 2,018,077 0 1,625 542 442 1,905 1,388 93,398 5,18530 82 0 0 1,481,187 2,051,511 0 1,681 560 458 1,971 1,436 96,632 5,367


IIS Strategy (Annual Activity)




Annual Withdrawal Policy Policy Income Annual Annual Annual Annual Tax on Deferred

Personal for Policy Cash Death from Interest Dividend Realized Deferred Investment Investment CapitalYr. Age Payments Payment Value Benefit Withdrawals Income Income Gains Gains Income Balance Gains


IIS Strategy (Annual Activity)

31 83 0 0 1,538,056 2,086,794 0 1,739 580 473 2,039 1,486 99,978 5,55432 84 0 0 1,596,665 2,124,017 0 1,800 600 490 2,110 1,537 103,439 5,74833 85 0 0 1,662,740 2,163,113 0 1,862 621 507 2,183 1,590 107,021 5,94834 86 0 0 1,725,008 2,203,972 0 1,926 642 524 2,258 1,646 110,727 6,15535 87 0 0 1,788,897 2,246,337 0 1,993 664 543 2,336 1,703 114,560 6,36836 88 0 0 1,854,146 2,289,941 0 2,062 687 561 2,417 1,762 118,527 6,58937 89 0 0 1,920,336 2,334,338 0 2,133 711 581 2,501 1,823 122,631 6,81738 90 0 0 1,986,995 2,379,151 0 2,207 736 601 2,588 1,886 126,877 7,05439 91 0 0 2,053,658 2,424,028 0 2,284 761 622 2,677 1,951 131,270 7,29840 92 0 0 2,120,009 2,468,643 0 2,363 788 643 2,770 2,018 135,815 7,55141 93 0 0 2,185,915 2,512,773 0 2,445 815 665 2,866 2,088 140,517 7,81242 94 0 0 2,251,695 2,556,305 0 2,529 843 689 2,965 2,161 145,382 8,08343 95 0 0 2,318,125 2,599,348 0 2,617 872 712 3,068 2,236 150,416 8,36344 96 0 0 2,386,814 2,642,160 0 2,707 902 737 3,174 2,313 155,624 8,65345 97 0 0 2,460,825 2,685,021 0 2,801 934 763 3,284 2,393 161,012 8,95246 98 0 0 2,546,017 2,728,160 0 2,898 966 789 3,397 2,476 166,586 9,26247 99 0 0 2,654,284 2,771,191 0 2,999 1,000 816 3,515 2,562 172,354 9,58348 100 0 0 2,811,757 2,811,757 0 3,102 1,034 845 3,637 2,650 178,322 9,915




Policy Policy Gross Deferred Net Gross Estate Net to

Investment Cash Death Liquidation Capital Policy Tax on Balance on Value on Direct to Tax on Settlement BeneficiariesYr. Age Balance Value Benefit Value Gains Gains Liquidation Liquidation Death Beneficiaries Death Costs (Death)

1 53 470,700 17,125 803,569 487,825 7,178 0 1,615 486,210 1,274,269 803,569 1,615 10,914 1,261,7402 54 439,732 36,119 859,157 475,851 11,390 0 2,563 473,288 1,298,889 859,157 2,563 10,295 1,286,0313 55 407,246 57,125 916,833 464,371 13,564 0 3,052 461,319 1,324,079 916,833 3,052 9,645 1,311,3824 56 373,333 80,310 976,699 453,643 14,337 0 3,226 450,418 1,350,032 976,699 3,226 8,967 1,337,8405 57 338,044 110,853 1,038,843 448,897 14,143 0 3,182 445,715 1,376,887 1,038,843 3,182 8,261 1,365,4446 58 301,398 146,612 1,105,062 448,010 13,280 0 2,988 445,022 1,406,460 1,105,062 2,988 7,528 1,395,9447 59 263,394 187,517 1,174,633 450,911 11,950 0 2,689 448,222 1,438,027 1,174,633 2,689 6,768 1,428,5718 60 224,016 234,179 1,248,551 458,195 10,290 0 2,315 455,880 1,472,567 1,248,551 2,315 5,980 1,464,2729 61 183,240 286,346 1,325,724 469,586 8,395 0 1,889 467,697 1,508,964 1,325,724 1,889 5,165 1,501,910

10 62 141,031 344,308 1,406,378 485,339 6,335 0 1,425 483,914 1,547,409 1,406,378 1,425 4,321 1,541,66311 63 97,355 419,915 1,516,783 517,270 4,163 0 937 516,333 1,614,138 1,516,783 937 3,447 1,609,75412 64 52,174 499,762 1,624,985 551,936 1,943 9,602 4,758 547,178 1,677,159 1,624,985 437 2,543 1,674,17813 65 54,034 536,995 1,632,282 591,029 2,283 60,953 27,943 563,087 1,686,316 1,632,282 514 2,581 1,683,22214 66 55,946 574,690 1,635,866 630,636 2,567 114,404 52,060 578,576 1,691,812 1,635,866 578 2,619 1,688,61515 67 57,913 616,356 1,643,200 674,269 2,811 173,536 78,723 595,546 1,701,113 1,643,200 632 2,658 1,697,82316 68 59,942 662,777 1,656,973 722,719 3,025 241,516 109,363 613,356 1,716,915 1,656,973 681 2,699 1,713,53517 69 62,034 730,005 1,673,860 792,039 3,217 331,384 149,847 642,192 1,735,894 1,673,860 724 2,741 1,732,43018 70 64,195 802,871 1,693,829 867,066 3,394 427,931 193,333 673,733 1,758,024 1,693,829 764 2,784 1,754,47619 71 66,428 881,362 1,716,897 947,790 3,562 531,116 239,803 707,986 1,783,325 1,716,897 801 2,829 1,779,69520 72 68,735 961,474 1,742,990 1,030,209 3,723 636,920 287,452 742,757 1,811,725 1,742,990 838 2,875 1,808,01321 73 71,120 1,009,068 1,770,122 1,080,188 3,880 712,293 321,405 758,783 1,841,242 1,770,122 873 2,922 1,837,44722 74 73,587 1,058,665 1,799,841 1,132,252 4,035 791,800 357,218 775,034 1,873,428 1,799,841 908 2,972 1,869,54823 75 76,138 1,110,231 1,831,881 1,186,369 4,191 875,382 394,865 791,504 1,908,019 1,831,881 943 3,023 1,904,05324 76 78,776 1,163,709 1,865,896 1,242,485 4,348 962,851 434,261 808,224 1,944,672 1,865,896 978 3,076 1,940,61925 77 81,506 1,219,058 1,901,746 1,300,564 4,508 1,054,191 475,400 825,164 1,983,252 1,901,746 1,014 3,130 1,979,10726 78 84,329 1,268,760 1,928,303 1,353,089 4,671 1,141,878 514,896 838,193 2,012,632 1,928,303 1,051 3,187 2,008,39527 79 87,250 1,319,775 1,956,520 1,407,025 4,837 1,233,107 555,986 851,038 2,043,770 1,956,520 1,088 3,245 2,039,43628 80 90,271 1,372,148 1,986,432 1,462,419 5,009 1,328,120 598,781 863,638 2,076,703 1,986,432 1,127 3,305 2,072,27129 81 93,398 1,425,918 2,018,077 1,519,316 5,185 1,425,918 642,830 876,486 2,111,475 2,018,077 1,167 3,368 2,106,94030 82 96,632 1,481,187 2,051,511 1,577,819 5,367 1,481,187 667,742 910,077 2,148,143 2,051,511 1,208 3,433 2,143,502


IIS Strategy (Values to Individual or Beneficiaries)




Policy Policy Gross Deferred Net Gross Estate Net to

Investment Cash Death Liquidation Capital Policy Tax on Balance on Value on Direct to Tax on Settlement BeneficiariesYr. Age Balance Value Benefit Value Gains Gains Liquidation Liquidation Death Beneficiaries Death Costs (Death)


IIS Strategy (Values to Individual or Beneficiaries)

31 83 99,978 1,538,056 2,086,794 1,638,034 5,554 1,538,056 693,375 944,659 2,186,772 2,086,794 1,250 3,500 2,182,02232 84 103,439 1,596,665 2,124,017 1,700,104 5,748 1,596,664 719,792 980,312 2,227,456 2,124,017 1,293 3,569 2,222,59433 85 107,021 1,662,740 2,163,113 1,769,761 5,948 1,662,740 749,571 1,020,190 2,270,134 2,163,113 1,338 3,640 2,265,15534 86 110,727 1,725,008 2,203,972 1,835,735 6,155 1,725,009 777,639 1,058,096 2,314,699 2,203,972 1,385 3,715 2,309,59935 87 114,560 1,788,897 2,246,337 1,903,457 6,368 1,788,898 806,437 1,097,021 2,360,897 2,246,337 1,433 3,791 2,355,67336 88 118,527 1,854,146 2,289,941 1,972,673 6,589 1,854,147 835,849 1,136,824 2,408,468 2,289,941 1,483 3,871 2,403,11537 89 122,631 1,920,336 2,334,338 2,042,967 6,817 1,920,336 865,685 1,177,282 2,456,969 2,334,338 1,534 3,953 2,451,48238 90 126,877 1,986,995 2,379,151 2,113,872 7,054 1,986,996 895,735 1,218,137 2,506,028 2,379,151 1,587 4,038 2,500,40339 91 131,270 2,053,658 2,424,028 2,184,928 7,298 2,053,658 925,788 1,259,139 2,555,298 2,424,028 1,642 4,125 2,549,53040 92 135,815 2,120,009 2,468,643 2,255,824 7,551 2,120,009 955,703 1,300,121 2,604,458 2,468,643 1,699 4,216 2,598,54241 93 140,517 2,185,915 2,512,773 2,326,432 7,812 2,185,916 985,420 1,341,012 2,653,290 2,512,773 1,758 4,310 2,647,22242 94 145,382 2,251,695 2,556,305 2,397,077 8,083 2,251,696 1,015,082 1,381,995 2,701,687 2,556,305 1,819 4,408 2,695,46143 95 150,416 2,318,125 2,599,348 2,468,541 8,363 2,318,124 1,045,038 1,423,503 2,749,764 2,599,348 1,882 4,508 2,743,37444 96 155,624 2,386,814 2,642,160 2,542,438 8,653 2,386,813 1,076,013 1,466,425 2,797,784 2,642,160 1,947 4,612 2,791,22445 97 161,012 2,460,825 2,685,021 2,621,837 8,952 2,460,824 1,109,385 1,512,451 2,846,033 2,685,021 2,014 4,720 2,839,29846 98 166,586 2,546,017 2,728,160 2,712,603 9,262 2,546,018 1,147,792 1,564,811 2,894,746 2,728,160 2,084 4,832 2,887,83147 99 172,354 2,654,284 2,771,191 2,826,638 9,583 2,654,284 1,196,584 1,630,054 2,943,545 2,771,191 2,156 4,947 2,936,44248 100 178,322 2,811,757 2,811,757 2,990,079 9,915 2,811,758 1,267,522 1,722,557 2,990,079 2,811,757 2,231 5,066 2,982,781


Investment

Year Age Deposits Interest DividendCapital Gain

(realized)Capital Gain (unrealized)

Investment Growth

Interest Dividend Capital GainsInvestment

Income

1 53 0 9,000 3,000 2,450 10,550 25,000 9,000 3,000 5,088 17,0882 54 0 9,340 3,113 2,542 10,948 25,944 9,340 3,113 7,258 19,7113 55 0 9,684 3,228 2,636 11,352 26,901 9,684 3,228 9,011 21,9234 56 0 10,036 3,345 2,732 11,764 27,877 10,036 3,345 10,454 23,8355 57 0 10,395 3,465 2,830 12,185 28,875 10,395 3,465 11,667 25,5286 58 0 10,764 3,588 2,930 12,618 29,900 10,764 3,588 12,713 27,0657 59 0 11,144 3,715 3,034 13,063 30,954 11,144 3,715 13,636 28,4948 60 0 11,535 3,845 3,140 13,521 32,040 11,535 3,845 14,472 29,8529 61 0 11,938 3,979 3,250 13,994 33,160 11,938 3,979 15,247 31,164

10 62 0 12,354 4,118 3,363 14,482 34,317 12,354 4,118 15,982 32,45411 63 0 12,784 4,261 3,480 14,986 35,511 12,784 4,261 16,690 33,73612 64 0 13,228 4,409 3,601 15,506 36,745 13,228 4,409 17,385 35,02313 65 0 13,687 4,562 3,726 16,045 38,021 13,687 4,562 18,075 36,32514 66 0 14,162 4,721 3,855 16,601 39,340 14,162 4,721 18,768 37,65115 67 0 14,653 4,884 3,989 17,177 40,704 14,653 4,884 19,468 39,00516 68 0 15,161 5,054 4,127 17,772 42,114 15,161 5,054 20,179 40,39417 69 0 15,687 5,229 4,270 18,388 43,574 15,687 5,229 20,906 41,82218 70 0 16,230 5,410 4,418 19,025 45,083 16,230 5,410 21,651 43,29119 71 0 16,792 5,597 4,571 19,684 46,645 16,792 5,597 22,417 44,80720 72 0 17,374 5,791 4,729 20,366 48,260 17,374 5,791 23,205 46,37021 73 0 17,975 5,992 4,893 21,071 49,931 17,975 5,992 24,018 47,98522 74 0 18,598 6,199 5,063 21,801 51,660 18,598 6,199 24,856 49,65323 75 0 19,242 6,414 5,238 22,556 53,449 19,242 6,414 25,722 51,37824 76 0 19,908 6,636 5,419 23,337 55,300 19,908 6,636 26,617 53,16125 77 0 20,597 6,866 5,607 24,145 57,215 20,597 6,866 27,541 55,00426 78 0 21,311 7,104 5,801 24,981 59,196 21,311 7,104 28,497 56,91127 79 0 22,048 7,349 6,002 25,846 61,245 22,048 7,349 29,485 58,88328 80 0 22,812 7,604 6,210 26,740 63,366 22,812 7,604 30,507 60,92329 81 0 23,602 7,867 6,425 27,666 65,560 23,602 7,867 31,565 63,03330 82 0 24,419 8,140 6,647 28,624 67,830 24,419 8,140 32,658 65,21731 83 0 25,264 8,421 6,877 29,615 70,178 25,264 8,421 33,789 67,47532 84 0 26,139 8,713 7,116 30,641 72,608 26,139 8,713 34,960 69,81233 85 0 27,044 9,015 7,362 31,702 75,122 27,044 9,015 36,170 72,22934 86 0 27,980 9,327 7,617 32,799 77,723 27,980 9,327 37,423 74,73035 87 0 28,949 9,650 7,881 33,935 80,414 28,949 9,650 38,719 77,31836 88 0 29,951 9,984 8,153 35,110 83,198 29,951 9,984 40,060 79,99537 89 0 30,988 10,329 8,436 36,325 86,079 30,988 10,329 41,447 82,76538 90 0 32,061 10,687 8,728 37,583 89,059 32,061 10,687 42,882 85,63039 91 0 33,171 11,057 9,030 38,884 92,143 33,171 11,057 44,367 88,59540 92 0 34,320 11,440 9,343 40,231 95,333 34,320 11,440 45,903 91,66341 93 0 35,508 11,836 9,666 41,623 98,634 35,508 11,836 47,492 94,83642 94 0 36,738 12,246 10,001 43,065 102,049 36,738 12,246 49,136 98,12043 95 0 38,010 12,670 10,347 44,556 105,582 38,010 12,670 50,838 101,51744 96 0 39,326 13,109 10,705 46,098 109,238 39,326 13,109 52,598 105,03245 97 0 40,687 13,562 11,076 47,694 113,020 40,687 13,562 54,419 108,668

of 27 03/02/2014

Investment

Year Age

1 532 543 554 565 576 587 598 609 61

10 6211 6312 6413 6514 6615 6716 6817 6918 7019 7120 7221 7322 7423 7524 7625 7726 7827 7928 8029 8130 8231 8332 8433 8534 8635 8736 8837 8938 9039 9140 9241 9342 9443 9544 9645 97

Tax on Investment

Income

Net Annual Withdrawal

Withdrawal Gains

Income tax on Gains

Investment Balance

Adjusted Cost Base

Tax on Liquidation

Net LiquidationEstate

Settlement Costs

Net to Beneficiaries

6,125 0 0 0 518,875 510,963 1,780 517,095 11,878 505,2176,801 0 0 0 538,018 523,873 3,183 534,835 12,260 522,5757,386 0 0 0 557,533 538,410 4,303 553,230 12,651 540,5807,905 0 0 0 577,504 554,339 5,212 572,292 13,050 559,2428,377 0 0 0 598,003 571,489 5,965 592,037 13,460 578,5778,817 0 0 0 619,086 589,738 6,603 612,483 13,882 598,6019,234 0 0 0 640,806 608,998 7,157 633,649 14,316 619,3339,639 0 0 0 663,208 629,211 7,649 655,559 14,764 640,794

10,036 0 0 0 686,332 650,339 8,098 678,234 15,227 663,00710,432 0 0 0 710,217 672,361 8,518 701,699 15,704 685,99510,829 0 0 0 734,899 695,268 8,917 725,982 16,198 709,78411,231 0 0 0 760,412 719,059 9,304 751,108 16,708 734,40011,641 0 0 0 786,792 743,744 9,686 777,106 17,236 759,87012,059 0 0 0 814,073 769,335 10,066 804,007 17,781 786,22512,488 0 0 0 842,288 795,852 10,448 831,840 18,346 813,49412,930 0 0 0 871,473 823,317 10,835 860,638 18,929 841,70813,384 0 0 0 901,663 851,755 11,229 890,433 19,533 870,90013,852 0 0 0 932,894 881,194 11,632 921,261 20,158 901,10314,335 0 0 0 965,203 911,665 12,046 953,157 20,804 932,35314,835 0 0 0 998,628 943,201 12,471 986,157 21,473 964,68515,350 0 0 0 1,033,209 975,835 12,909 1,020,300 22,164 998,13615,883 0 0 0 1,068,986 1,009,605 13,361 1,055,626 22,880 1,032,74616,435 0 0 0 1,106,001 1,044,549 13,827 1,092,174 23,620 1,068,55417,005 0 0 0 1,144,297 1,080,705 14,308 1,129,988 24,386 1,105,60317,594 0 0 0 1,183,918 1,118,115 14,806 1,169,112 25,178 1,143,93418,204 0 0 0 1,224,910 1,156,822 15,320 1,209,590 25,998 1,183,59218,834 0 0 0 1,267,321 1,196,871 15,851 1,251,470 26,846 1,224,62319,487 0 0 0 1,311,200 1,238,308 16,401 1,294,799 27,724 1,267,07520,162 0 0 0 1,356,599 1,281,180 16,969 1,339,629 28,632 1,310,99720,860 0 0 0 1,403,569 1,325,536 17,557 1,386,012 29,571 1,356,44021,582 0 0 0 1,452,165 1,371,429 18,166 1,434,000 30,543 1,403,45622,330 0 0 0 1,502,444 1,418,911 18,795 1,483,649 31,549 1,452,10023,103 0 0 0 1,554,463 1,468,038 19,446 1,535,018 32,589 1,502,42823,903 0 0 0 1,608,284 1,518,865 20,119 1,588,165 33,666 1,554,49924,730 0 0 0 1,663,968 1,571,453 20,816 1,643,152 34,779 1,608,37325,587 0 0 0 1,721,580 1,625,861 21,537 1,700,043 35,932 1,664,11126,472 0 0 0 1,781,186 1,682,153 22,282 1,758,904 37,124 1,721,78027,389 0 0 0 1,842,857 1,740,395 23,054 1,819,803 38,357 1,781,44528,337 0 0 0 1,906,662 1,800,652 23,852 1,882,810 39,633 1,843,17729,318 0 0 0 1,972,677 1,862,996 24,678 1,947,999 40,954 1,907,04530,334 0 0 0 2,040,977 1,927,499 25,532 2,015,444 42,320 1,973,12531,384 0 0 0 2,111,642 1,994,235 26,417 2,085,225 43,733 2,041,49332,470 0 0 0 2,184,754 2,063,282 27,331 2,157,422 45,195 2,112,22733,595 0 0 0 2,260,397 2,134,719 28,277 2,232,119 46,708 2,185,41134,758 0 0 0 2,338,659 2,208,630 29,257 2,309,402 48,273 2,261,129

of 27 03/02/2014

Investment

Year Age Deposits Interest DividendCapital Gain


Investment Growth


Income

46 98 0 42,096 14,032 11,459 49,346 116,933 42,096 14,032 56,303 112,43147 99 0 43,553 14,518 11,856 51,054 120,982 43,553 14,518 58,252 116,32448 100 0 45,061 15,020 12,267 52,822 125,170 45,061 15,020 60,269 120,351

of 27 03/02/2014

Investment

Year Age

46 9847 9948 100

Tax on Investment

Income


Withdrawal Gains

Income tax on Gains

Investment Balance

Adjusted Cost Base

Tax on Liquidation


Settlement Costs


35,961 0 0 0 2,419,630 2,285,099 30,269 2,389,361 49,893 2,339,46837,206 0 0 0 2,503,406 2,364,217 31,318 2,472,088 51,568 2,420,52038,495 0 0 0 2,590,081 2,446,073 32,402 2,557,680 53,302 2,504,378

of 27 03/02/2014

IIS-Insurance

Year Age Premium Service AccountTax on Service

AccountNet Cost of Insurance

WithdrawalTax on

WithdrawalNet Withdrawal Fund Value CSV Policy Gains

1 53 46,423 0 0 0 0 0 0 17,125 17,125 02 54 46,423 0 0 0 0 0 0 36,119 36,119 03 55 46,423 0 0 0 0 0 0 57,125 57,125 04 56 46,423 0 0 0 0 0 0 80,310 80,310 05 57 46,423 0 0 0 0 0 0 110,853 110,853 06 58 46,423 0 0 0 0 0 0 146,612 146,612 07 59 46,423 0 0 0 0 0 0 187,517 187,517 08 60 46,423 0 0 0 0 0 0 234,179 234,179 09 61 46,423 0 0 0 0 0 0 286,346 286,346 0

10 62 46,423 0 0 0 0 0 0 344,308 344,308 011 63 46,423 0 0 0 0 0 0 419,915 419,915 012 64 46,423 0 0 0 0 0 0 499,762 499,762 9,60213 65 0 0 0 0 0 0 0 536,995 536,995 60,95314 66 0 0 0 0 0 0 0 574,690 574,690 114,40415 67 0 0 0 0 0 0 0 616,356 616,356 173,53616 68 0 0 0 0 0 0 0 662,777 662,777 241,51617 69 0 0 0 0 0 0 0 730,005 730,005 331,38418 70 0 0 0 0 0 0 0 802,871 802,871 427,93119 71 0 0 0 0 0 0 0 881,362 881,362 531,11620 72 0 0 0 0 0 0 0 961,474 961,474 636,92021 73 0 0 0 0 0 0 0 1,009,068 1,009,068 712,29322 74 0 0 0 0 0 0 0 1,058,665 1,058,665 791,80023 75 0 0 0 0 0 0 0 1,110,231 1,110,231 875,38224 76 0 0 0 0 0 0 0 1,163,709 1,163,709 962,85125 77 0 0 0 0 0 0 0 1,219,058 1,219,058 1,054,19126 78 0 0 0 0 0 0 0 1,268,760 1,268,760 1,141,87827 79 0 0 0 0 0 0 0 1,319,775 1,319,775 1,233,10728 80 0 0 0 0 0 0 0 1,372,148 1,372,148 1,328,12029 81 0 0 0 0 0 0 0 1,425,918 1,425,918 1,425,91830 82 0 0 0 0 0 0 0 1,481,187 1,481,187 1,481,18731 83 0 0 0 0 0 0 0 1,538,056 1,538,056 1,538,05632 84 0 0 0 0 0 0 0 1,596,665 1,596,665 1,596,66433 85 0 0 0 0 0 0 0 1,662,740 1,662,740 1,662,74034 86 0 0 0 0 0 0 0 1,725,008 1,725,008 1,725,00935 87 0 0 0 0 0 0 0 1,788,897 1,788,897 1,788,89836 88 0 0 0 0 0 0 0 1,854,146 1,854,146 1,854,14737 89 0 0 0 0 0 0 0 1,920,336 1,920,336 1,920,33638 90 0 0 0 0 0 0 0 1,986,995 1,986,995 1,986,99639 91 0 0 0 0 0 0 0 2,053,658 2,053,658 2,053,65840 92 0 0 0 0 0 0 0 2,120,009 2,120,009 2,120,00941 93 0 0 0 0 0 0 0 2,185,915 2,185,915 2,185,91642 94 0 0 0 0 0 0 0 2,251,695 2,251,695 2,251,69643 95 0 0 0 0 0 0 0 2,318,125 2,318,125 2,318,12444 96 0 0 0 0 0 0 0 2,386,814 2,386,814 2,386,81345 97 0 0 0 0 0 0 0 2,460,825 2,460,825 2,460,824

of 27 03/02/2014

IIS-Insurance

Year Age

1 532 543 554 565 576 587 598 609 61

10 6211 6312 6413 6514 6615 6716 6817 6918 7019 7120 7221 7322 7423 7524 7625 7726 7827 7928 8029 8130 8231 8332 8433 8534 8635 8736 8837 8938 9039 9140 9241 9342 9443 9544 9645 97

Tax on Liquidation

Net Liquidation Death BenefitDirect to

BeneficiariesTo Estate

Estate Settlement

Costs


0 17,125 803,569 803,569 0 0 803,5690 36,119 859,157 859,157 0 0 859,1570 57,125 916,833 916,833 0 0 916,8330 80,310 976,699 976,699 0 0 976,6990 110,853 1,038,843 1,038,843 0 0 1,038,8430 146,612 1,105,062 1,105,062 0 0 1,105,0620 187,517 1,174,633 1,174,633 0 0 1,174,6330 234,179 1,248,551 1,248,551 0 0 1,248,5510 286,346 1,325,724 1,325,724 0 0 1,325,7240 344,308 1,406,378 1,406,378 0 0 1,406,3780 419,915 1,516,783 1,516,783 0 0 1,516,783

4,321 495,441 1,624,985 1,624,985 0 0 1,624,98527,429 509,566 1,632,282 1,632,282 0 0 1,632,28251,482 523,208 1,635,866 1,635,866 0 0 1,635,86678,091 538,265 1,643,200 1,643,200 0 0 1,643,200

108,682 554,095 1,656,973 1,656,973 0 0 1,656,973149,123 580,882 1,673,860 1,673,860 0 0 1,673,860192,569 610,302 1,693,829 1,693,829 0 0 1,693,829239,002 642,360 1,716,897 1,716,897 0 0 1,716,897286,614 674,860 1,742,990 1,742,990 0 0 1,742,990320,532 688,536 1,770,122 1,770,122 0 0 1,770,122356,310 702,355 1,799,841 1,799,841 0 0 1,799,841393,922 716,309 1,831,881 1,831,881 0 0 1,831,881433,283 730,426 1,865,896 1,865,896 0 0 1,865,896474,386 744,672 1,901,746 1,901,746 0 0 1,901,746513,845 754,915 1,928,303 1,928,303 0 0 1,928,303554,898 764,877 1,956,520 1,956,520 0 0 1,956,520597,654 774,494 1,986,432 1,986,432 0 0 1,986,432641,663 784,255 2,018,077 2,018,077 0 0 2,018,077666,534 814,653 2,051,511 2,051,511 0 0 2,051,511692,125 845,931 2,086,794 2,086,794 0 0 2,086,794718,499 878,166 2,124,017 2,124,017 0 0 2,124,017748,233 914,507 2,163,113 2,163,113 0 0 2,163,113776,254 948,754 2,203,972 2,203,972 0 0 2,203,972805,004 983,893 2,246,337 2,246,337 0 0 2,246,337834,366 1,019,780 2,289,941 2,289,941 0 0 2,289,941864,151 1,056,185 2,334,338 2,334,338 0 0 2,334,338894,148 1,092,847 2,379,151 2,379,151 0 0 2,379,151924,146 1,129,512 2,424,028 2,424,028 0 0 2,424,028954,004 1,166,005 2,468,643 2,468,643 0 0 2,468,643983,662 1,202,253 2,512,773 2,512,773 0 0 2,512,773

1,013,263 1,238,432 2,556,305 2,556,305 0 0 2,556,3051,043,156 1,274,969 2,599,348 2,599,348 0 0 2,599,3481,074,066 1,312,748 2,642,160 2,642,160 0 0 2,642,1601,107,371 1,353,454 2,685,021 2,685,021 0 0 2,685,021

of 27 03/02/2014

IIS-Insurance

Year Age Premium Service AccountTax on Service

AccountNet Cost of Insurance

WithdrawalTax on

WithdrawalNet Withdrawal Fund Value CSV Policy Gains

46 98 0 0 0 0 0 0 0 2,546,017 2,546,017 2,546,01847 99 0 0 0 0 0 0 0 2,654,284 2,654,284 2,654,28448 100 0 0 0 0 0 0 0 2,811,757 2,811,757 2,811,758

of 27 03/02/2014

IIS-Insurance

Year Age

46 9847 9948 100

Tax on Liquidation

Net Liquidation Death BenefitDirect to

BeneficiariesTo Estate

Estate Settlement

Costs


1,145,708 1,400,309 2,728,160 2,728,160 0 0 2,728,1601,194,428 1,459,856 2,771,191 2,771,191 0 0 2,771,1911,265,291 1,546,466 2,811,757 2,811,757 0 0 2,811,757

of 27 03/02/2014

IIS-Investment

Year Age Interest DividendCapital Gain


Investment Growth


Income

Tax on Investment

Income

1 53 8,164 2,721 2,223 9,570 22,679 8,164 2,721 4,615 15,501 5,5562 54 7,637 2,546 2,079 8,952 21,214 7,637 2,546 6,819 17,002 5,7603 55 7,080 2,360 1,927 8,299 19,665 7,080 2,360 8,052 17,491 5,7294 56 6,495 2,165 1,768 7,613 18,041 6,495 2,165 8,609 17,268 5,5315 57 5,884 1,961 1,602 6,898 16,346 5,884 1,961 8,693 16,539 5,2126 58 5,249 1,750 1,429 6,153 14,581 5,249 1,750 8,445 15,444 4,8057 59 4,590 1,530 1,249 5,380 12,749 4,590 1,530 7,960 14,079 4,3318 60 3,905 1,302 1,063 4,578 10,849 3,905 1,302 7,301 12,508 3,8049 61 3,197 1,066 870 3,747 8,880 3,197 1,066 6,512 10,774 3,234

10 62 2,463 821 670 2,887 6,841 2,463 821 5,618 8,901 2,62711 63 1,703 568 464 1,996 4,730 1,703 568 4,632 6,902 1,98412 64 917 306 250 1,075 2,547 917 306 3,544 4,766 1,30513 65 939 313 256 1,101 2,609 939 313 1,017 2,269 74814 66 973 324 265 1,140 2,702 973 324 1,121 2,417 79015 67 1,007 336 274 1,180 2,797 1,007 336 1,211 2,554 83016 68 1,042 347 284 1,222 2,896 1,042 347 1,292 2,682 86817 69 1,079 360 294 1,265 2,997 1,079 360 1,366 2,805 90418 70 1,117 372 304 1,309 3,102 1,117 372 1,435 2,924 94119 71 1,156 385 315 1,355 3,210 1,156 385 1,502 3,042 97720 72 1,196 399 325 1,402 3,321 1,196 399 1,566 3,161 1,01421 73 1,237 412 337 1,450 3,437 1,237 412 1,630 3,280 1,05122 74 1,280 427 348 1,501 3,556 1,280 427 1,694 3,400 1,08923 75 1,325 442 361 1,553 3,679 1,325 442 1,758 3,524 1,12824 76 1,370 457 373 1,607 3,807 1,370 457 1,822 3,650 1,16825 77 1,418 473 386 1,662 3,939 1,418 473 1,889 3,779 1,21026 78 1,467 489 399 1,720 4,075 1,467 489 1,956 3,912 1,25227 79 1,518 506 413 1,779 4,216 1,518 506 2,026 4,050 1,29628 80 1,570 523 428 1,841 4,362 1,570 523 2,097 4,191 1,34129 81 1,625 542 442 1,905 4,514 1,625 542 2,171 4,337 1,38830 82 1,681 560 458 1,971 4,670 1,681 560 2,247 4,488 1,43631 83 1,739 580 473 2,039 4,832 1,739 580 2,325 4,644 1,48632 84 1,800 600 490 2,110 4,999 1,800 600 2,406 4,805 1,53733 85 1,862 621 507 2,183 5,172 1,862 621 2,489 4,972 1,59034 86 1,926 642 524 2,258 5,351 1,926 642 2,576 5,144 1,64635 87 1,993 664 543 2,336 5,536 1,993 664 2,665 5,323 1,70336 88 2,062 687 561 2,417 5,728 2,062 687 2,758 5,507 1,76237 89 2,133 711 581 2,501 5,926 2,133 711 2,853 5,698 1,82338 90 2,207 736 601 2,588 6,132 2,207 736 2,952 5,895 1,88639 91 2,284 761 622 2,677 6,344 2,284 761 3,054 6,099 1,95140 92 2,363 788 643 2,770 6,563 2,363 788 3,160 6,311 2,01841 93 2,445 815 665 2,866 6,791 2,445 815 3,270 6,529 2,08842 94 2,529 843 689 2,965 7,026 2,529 843 3,383 6,755 2,16143 95 2,617 872 712 3,068 7,269 2,617 872 3,500 6,989 2,23644 96 2,707 902 737 3,174 7,521 2,707 902 3,621 7,231 2,31345 97 2,801 934 763 3,284 7,781 2,801 934 3,747 7,482 2,393

of 27 03/02/2014

IIS-Investment

Year Age

1 532 543 554 565 576 587 598 609 61

10 6211 6312 6413 6514 6615 6716 6817 6918 7019 7120 7221 7322 7423 7524 7625 7726 7827 7928 8029 8130 8231 8332 8433 8534 8635 8736 8837 8938 9039 9140 9241 9342 9443 9544 9645 97

Premium Withdrawals


Withdrawal Gains

Income tax on Gains

Investment Balance

Adjusted Cost Base

Tax on Liquidation


Settlement Costs


46,423 0 0 0 470,700 463,522 1,615 469,085 10,914 458,17146,423 0 708 159 439,732 428,342 2,563 437,169 10,295 426,87446,423 0 1,202 271 407,246 393,682 3,052 404,194 9,645 394,54946,423 0 1,546 348 373,333 358,997 3,226 370,108 8,967 361,14146,423 0 1,783 401 338,044 323,901 3,182 334,862 8,261 326,60146,423 0 1,942 437 301,398 288,118 2,988 298,410 7,528 290,88246,423 0 2,045 460 263,394 251,444 2,689 260,705 6,768 253,93846,423 0 2,106 474 224,016 213,727 2,315 221,701 5,980 215,72146,423 0 2,132 480 183,240 174,844 1,889 181,351 5,165 176,18646,423 0 2,127 479 141,031 134,696 1,425 139,606 4,321 135,28546,423 0 2,085 469 97,355 93,192 937 96,418 3,447 92,97146,423 0 1,985 447 52,174 50,231 437 51,737 2,543 49,193

0 0 0 0 54,034 51,751 514 53,521 2,581 50,9400 0 0 0 55,946 53,378 578 55,368 2,619 52,7490 0 0 0 57,913 55,103 632 57,281 2,658 54,6230 0 0 0 59,942 56,917 681 59,261 2,699 56,5620 0 0 0 62,034 58,817 724 61,310 2,741 58,5700 0 0 0 64,195 60,801 764 63,431 2,784 60,6470 0 0 0 66,428 62,866 801 65,626 2,829 62,7980 0 0 0 68,735 65,012 838 67,897 2,875 65,0230 0 0 0 71,120 67,241 873 70,247 2,922 67,3250 0 0 0 73,587 69,552 908 72,679 2,972 69,7070 0 0 0 76,138 71,947 943 75,195 3,023 72,1720 0 0 0 78,776 74,428 978 77,798 3,076 74,7230 0 0 0 81,506 76,998 1,014 80,492 3,130 77,3610 0 0 0 84,329 79,658 1,051 83,278 3,187 80,0920 0 0 0 87,250 82,412 1,088 86,161 3,245 82,9160 0 0 0 90,271 85,263 1,127 89,144 3,305 85,8390 0 0 0 93,398 88,212 1,167 92,231 3,368 88,8630 0 0 0 96,632 91,265 1,208 95,424 3,433 91,9910 0 0 0 99,978 94,423 1,250 98,728 3,500 95,2280 0 0 0 103,439 97,692 1,293 102,146 3,569 98,5770 0 0 0 107,021 101,073 1,338 105,683 3,640 102,0420 0 0 0 110,727 104,572 1,385 109,342 3,715 105,6270 0 0 0 114,560 108,192 1,433 113,128 3,791 109,3360 0 0 0 118,527 111,938 1,483 117,044 3,871 113,1740 0 0 0 122,631 115,813 1,534 121,097 3,953 117,1440 0 0 0 126,877 119,823 1,587 125,290 4,038 121,2520 0 0 0 131,270 123,971 1,642 129,627 4,125 125,5020 0 0 0 135,815 128,264 1,699 134,116 4,216 129,8990 0 0 0 140,517 132,704 1,758 138,759 4,310 134,4490 0 0 0 145,382 137,299 1,819 143,563 4,408 139,1560 0 0 0 150,416 142,053 1,882 148,534 4,508 144,0260 0 0 0 155,624 146,971 1,947 153,677 4,612 149,0640 0 0 0 161,012 152,060 2,014 158,997 4,720 154,277

of 27 03/02/2014

IIS-Investment

Year Age Interest DividendCapital Gain


Investment Growth


Income

Tax on Investment

Income

46 98 2,898 966 789 3,397 8,051 2,898 966 3,876 7,741 2,47647 99 2,999 1,000 816 3,515 8,329 2,999 1,000 4,011 8,009 2,56248 100 3,102 1,034 845 3,637 8,618 3,102 1,034 4,149 8,286 2,650

of 27 03/02/2014

IIS-Investment

Year Age

46 9847 9948 100

Premium Withdrawals


Withdrawal Gains

Income tax on Gains

Investment Balance

Adjusted Cost Base

Tax on Liquidation


Settlement Costs


0 0 0 0 166,586 157,324 2,084 164,502 4,832 159,6710 0 0 0 172,354 162,771 2,156 170,198 4,947 165,2510 0 0 0 178,322 168,407 2,231 176,091 5,066 171,024

of 27 03/02/2014

R Client1 & S Client2 · 2014-04-02 · Prepared for: R Client1 & S Client2 Prepared by: Analysis...

Documents

Transcript of R Client1 & S Client2 · 2014-04-02 · Prepared for: R Client1 & S Client2 Prepared by: Analysis...