|Loan Modification Illustration|
|Original Amount of the Loan Principal:||1,000,000|
|Original Amount of the Loan Period:||5 Years|
|Current Loan Balance Outstanding:||800,000|
|Current Loan Principal Repayment:||200,000|
|Modification of Amortization Period to:||6 years||5 Years|
|Revised Principal Payment Amount:||133,330||160,000|
|Cash Flow Improvement to Borrower:||66,670||40,000|
|Life Insurance 1,000,000 ($35 per $1,000):||35,000||35,000|
|Cost for Critical Illness Coverage:||4,000||4,000|
|Net Cash Flow Improvement:||27,670||1,000|
|Additional Death Benefit for the Business:||200,000+||200,000+|
February 25, 2014
Tax reform will be top of mind for life industry this week
February 19, 2014
A buyer’s checklist of technology essentials
February 13, 2014
Whose estate is it, anyway?
February 10, 2014
January 31, 2014
Do your clients view a will or estate plan as important?
January 30, 2014
Can this industry survive its own Ice Age?