The Policy Loan Repayment Planner compares how different monthly payment patterns change a policy-loan balance and interest over time. It is available on Starter and Builder Pro.
1. Choose the Loan
Start with either source:
- Saved policy loan — select an active loan and the model loads its current recorded balance and loan rate. Those inputs carry an Actual source badge.
- Manual entry — enter a balance, loan rate, and model horizon without linking the model to an account record. Those inputs are Modeled.
You can adjust loaded inputs inside the model without changing the saved loan.
2. Set a Payment
Choose a period, then one of four paths:
- No payments — unpaid interest is added to the loan balance
- Pay interest only — shows the annual interest amount and its monthly equivalent; monthly payments may not be available from every carrier
- Payment by term — calculates a monthly payment from the payment rate and plan period