Decreasing Term Calculator


J

Jill & Ellis

Hi!

Can anyone suggest where I might find a tool to calculate the amout that
will pay out at any given point in time during a Decreasing Term life
policy?

For example, if the policy is initially for £100 over ten years, I want to
be able to calculate how much the policy will pay if, for example, I pop my
clogs at the end of year 5?

Thanks!
 
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T

Tim

Can anyone suggest where I might find a tool to
calculate the amout that will pay out at any given
point in time during a Decreasing Term life policy?

For example, if the policy is initially for £100 over ten years,
I want to be able to calculate how much the policy will
pay if, for example, I pop my clogs at the end of year 5?
What interest rate does the policy assume for its progression?
 
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R

Rob graham

Jill & Ellis said:
Hi!

Can anyone suggest where I might find a tool to calculate the amout that
will pay out at any given point in time during a Decreasing Term life
policy?

For example, if the policy is initially for £100 over ten years, I want to
be able to calculate how much the policy will pay if, for example, I pop
my
clogs at the end of year 5?

Thanks!
They are not all the same. You might have a policy which decreases in line
with a mortgage loan, but the assumed interest rates can vary. Or you may
have a straight line reduction, but the rate of reduction can vary.

Rob Graham
 

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