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  • Comp Table ICP Payout&DivAcc - Male Age 30

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    This document compares the returns from a fixed bank deposit versus an ING life insurance policy for a 30-year-old male over a 20 year period. The bank deposit earns a fixed interest rate of 4.4686% annually, accumulating to a total of $144,783 over 20 years. The ING policy pays an annual dividend that increases each year, along with a lump sum payment, accumulating to a total of $110,000 in payouts plus a terminal dividend ranging from $64,738 to $100,000, for a maximum total of $221,031 after 20 years.

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    This document compares the returns from a fixed bank deposit versus an ING life insurance policy for a 30-year-old male over a 20 year period. The bank deposit earns a fixed interest rate of 4.4686% annually, accumulating to a total of $144,783 over 20 years. The ING policy pays an annual dividend that increases each year, along with a lump sum payment, accumulating to a total of $110,000 in payouts plus a terminal dividend ranging from $64,738 to $100,000, for a maximum total of $221,031 after 20 years.

    Copyright:

    Attribution Non-Commercial (BY-NC)
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    15 views1 page

    Comp Table ICP Payout&DivAcc - Male Age 30

    Uploaded by

    ypyee
    This document compares the returns from a fixed bank deposit versus an ING life insurance policy for a 30-year-old male over a 20 year period. The bank deposit earns a fixed interest rate of 4.4686% annually, accumulating to a total of $144,783 over 20 years. The ING policy pays an annual dividend that increases each year, along with a lump sum payment, accumulating to a total of $110,000 in payouts plus a terminal dividend ranging from $64,738 to $100,000, for a maximum total of $221,031 after 20 years.

    Copyright:

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    of 1

    BANK FIXED DEPOSIT Vs ING RETURNS (PAYOUT) - MALE AGE 30

    BANK
    No
    Of
    Year

    1
    2
    3
    4
    5
    6
    7
    8
    9
    10
    11
    12
    13
    14
    15
    16
    17
    18
    19
    20

    Principal
    Deposited

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    36,000
    72,000
    108,000
    144,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000
    180,000

    Fixed
    Deposit
    Rate
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%
    4.4686%

    Interest
    Payout
    per year
    $
    1,609
    $
    3,217
    $
    4,826
    $
    6,435
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043
    $
    8,043

    $ 144,783

    ING
    Running
    Bank
    Int. Payout
    $
    1,609
    $
    4,826
    $
    9,652
    $ 16,087
    $ 24,130
    $ 32,174
    $ 40,217
    $ 48,261
    $ 56,304
    $ 64,348
    $ 72,391
    $ 80,435
    $ 88,478
    $ 96,522
    $ 104,565
    $ 112,609
    $ 120,652
    $ 128,696
    $ 136,739
    $ 144,783

    Principal
    +
    Interest
    $

    37,609

    76,826

    117,652

    160,087

    204,130

    212,174

    220,217

    228,261

    236,304

    244,348

    252,391

    260,435

    268,478

    276,522

    284,565

    292,609

    300,652

    308,696

    316,739

    324,783

    ICP
    Payout
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    3,250
    3,250
    3,250
    3,250
    3,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250
    6,250

    Acc.
    Dividend
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    1,200
    2,472
    3,820
    5,250
    6,765
    8,470
    10,279
    12,195
    14,227
    16,381
    18,764
    21,289
    23,967
    26,805
    29,813
    33,402
    37,206
    41,238
    45,512
    50,043

    $ 110,000 $ 28,500

    Terminal
    Dividend
    Scenario A
    $ 12,139
    $ 34,386
    $
    9,258
    $ 20,584
    $ 33,285
    $ 21,836
    $ 23,657
    $ 25,579
    $ 27,617
    $ 29,780
    $ 47,311
    $ 49,801
    $ 52,429
    $ 55,215
    $ 58,165
    $ 60,948
    $ 63,897
    $ 66,981
    $ 70,248
    $ 64,738

    Cash
    Value

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    51,559
    71,381
    92,175
    103,149
    102,567
    101,947
    101,288
    100,585
    99,836
    99,035
    98,176
    97,253
    96,261
    95,192
    94,040
    92,796
    91,453
    100,000

    Total
    Surrender
    Value

    Running
    ICP
    Payout

    16,589

    3,250

    40,108

    6,500

    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $
    $

    67,887
    100,645
    135,475
    139,705
    142,753
    145,971
    149,382
    152,996
    172,161
    176,375
    180,822
    185,523
    190,489
    195,792
    201,393
    207,265
    213,263
    221,031

    9,750

    13,000

    16,250

    22,500

    28,750

    35,000

    41,250

    47,500

    53,750

    60,000

    66,250

    72,500

    78,750

    85,000

    91,250

    97,500

    103,750

    110,000

    Total Amount Received in 20 yrs =

    $ 324,781

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