The data input for the Product Comparison calculator is shown below:
# of Years
Enter the number of years to run the illustration.
# of Deposits per Year
Enter the number of deposits made per year.
Tax Rate
Enter the marginal tax rate, including federal, state, and local taxation.
Deposits At
Select when deposits are made, at the beginning or ending of the period. For example, if it is monthly deposits made at the end of the month, select End of Period.
Product Information
Fund type
Select the type of fund from the list.
Initial Value
Enter the initial value in the account. (Note that if the fund types are taxed differently, the initial value for both products will not be the same.)
Ongoing Dep.
Enter the amount of each of the ongoing deposits to the fund.
Interest Rate
Enter the interest rate used for each type of product.
Bonus Type
Select the bonus type for the account. There are four options:
| No Bonus: | The account does not have any bonus. Bonus term prompts will be disabled. |
| Premium: | The account pays a percentage of the contributions received for a specific period of time. |
| Interest: | The account pays an additional interest rate for a specific period of time (e.g. 1%). |
| Dollar: | The account offers a specific dollar amount upon transfer. The amount of the bonus is often the amount of the surrender charge paid. Bonus term prompts are not relevant and will be disabled. |
| Notes: | Bonus products may require the client to annuitize the contract, rather than surrender it as a lump sum, in order to receive the bonus monies. |
| Bonus products may not credit the bonus as earned unless the client has the contract for a specific period of time. If the client makes a full or partial withdrawal from the account, they may not receive the bonus. |
Bonus Value and Bonus Term
Enter the values associated with the bonus type.
Annual % Fee and Annual $ Fee
Enter the annual fees associate with the account.
