SAMPLE
The maturity value to a policy holder aged 25 years with an annual premium payment of =N=12,000.00 for 30 years will be as shown below:
| YEAR |
ALLOCATION |
INTEREST |
BALANCE |
| 1. |
- |
- |
- |
| 2. |
10,500.00 |
840.00 |
11,340.00 |
| 3. |
10,500.00 |
1,747.20 |
23,587.20 |
| 4. |
10,500.00 |
2,726.98 |
36,814.18 |
| 5. |
10,500.00 |
3,785.14 |
51,099.32 |
| 6. |
11,100.00 |
4,975.95 |
67,175.27 |
| 7. |
11,100.00 |
6,262.03 |
84,537.30 |
| 8. |
11,100.00 |
7,650.99 |
103,288.29 |
| 9. |
11,100.00 |
9,151.07 |
123,539.36 |
| 10. |
11,100.00 |
10,771.15 |
145,410.51 |
| 11. |
11,100.00 |
12,520.84 |
169,031.35 |
| 12. |
11,100.00 |
14,410.51 |
194,541.86 |
| 13. |
11,100.00 |
16,451.35 |
222,093.21 |
| 14. |
11,100.00 |
18,655.46 |
251,848.67 |
| 15. |
11,100.00 |
21,035.90 |
283,984.57 |
| 16. |
11,100.00 |
23,606.77 |
318,691.34 |
| 17. |
11,100.00 |
26,383.31 |
356,174.65 |
| 18. |
11,100.00 |
29,381.98 |
396,656.63 |
| 19. |
11,100.00 |
32,620.53 |
440,377.16 |
| 20. |
11,100.00 |
36,118.18 |
487,595.34 |
| 21. |
11,100.00 |
39,895.63 |
538,590.97 |
| 22. |
11,100.00 |
43,975.28 |
593,666.25 |
| 23. |
11,100.00 |
48,381.30 |
653,147.55 |
| 24. |
11,100.00 |
53,139.81 |
717,387.36 |
| 25. |
11,100.00 |
58,278.99 |
786,766.35 |
| 26. |
11,100.00 |
63,829.31 |
861,965.66 |
| 27. |
11,100.00 |
69,823.66 |
942,619.32 |
| 28. |
11,100.00 |
76,297.55 |
1,030,016.87 |
| 29. |
11,100.00 |
83,289.35 |
1,124,406.22 |
| 30. |
11,100.00 |
90,840.50 |
1,226,346.72 |
* The interest rate used here is the minimum guaranteed rate of 8% per annum
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