The Policy Loan Repayment Planner compares no payments, monthly interest, payment by term, or a custom month-by-month plan. Then split those monthly amounts between loan repayment and paid-up additions. Saved loans provide recorded loan values; enter starting policy values when they are not available.
Key Takeaways
- Use the recorded balance and rate from a saved loan or enter them yourself
- Compare the payment, balance, payoff timing, and total interest accrued
- See how each split changes loan balance, interest, cash value, and death benefit
- Save a repayment plan to a selected policy loan; this does not record a payment or change Auto Log
- Future values are illustrative