POLICY OWNERSHIP CALCULATOR

Transcription

1 POLICY OWNERSHIP CALCULATOR

2 COMPLETE SUCCESSION POLICY OWNERSHIP CALCULATOR Name of A. DEATH TPD TRAUMA NOTES Funds 100% of Preagreed ASSETS LIABILITIES PERSONAL Accounting Fees Bank Debt Loan Account al Funds CGT liability of Funds transactional costs Facilitates release of al Guarantees and Securities Repays debt owing between Business and Funds costs of replacement or loss of income Compensates Purchasers for loss of capital value Debt reduction and capital for living expenses al Cover in TOTAL B. PROPOSED POLICIES AND SUMS INSURED PER POLICY DEATH TPD TRAUMA POLICY OWNER TOTAL 2

3 COMPLETE SUCCESSION POLICY OWNERSHIP CALCULATOR Name of A. DEATH TPD TRAUMA NOTES $400,000 $400,000 $400,000 Nil Funds 100% of Preagreed ASSETS LIABILITIES PERSONAL Accounting Fees Bank Debt $200,000 $200,000 $200,000 Nil Loan Account $100,000 $100,000 $100,000 $100,000 al $00,000 Nil $00,000 $00,000 $00,000 $00,000 Nil Nil Funds CGT liability of Funds transactional costs Facilitates release of al Guarantees and Securities Repays debt owing between Business and Funds costs of replacement or loss of income Compensates Purchasers for loss of capital value Debt reduction and capital for living expenses al Cover in TOTAL $1,00,000 $1,00,000 $1,00,000 $700,000 B. PROPOSED POLICIES AND SUMS INSURED PER POLICY Trauma reduced because of cost. DEATH TPD TRAUMA POLICY OWNER TOTAL

4 COMPLETE SUCCESSION POLICY OWNERSHIP CALCULATOR Name of A. DEATH TPD TRAUMA NOTES $400,000 $400,000 $400,000 Nil Funds 100% of Preagreed ASSETS LIABILITIES PERSONAL Accounting Fees Bank Debt $200,000 $200,000 $200,000 Nil Loan Account $100,000 $100,000 $100,000 $100,000 al $00,000 Nil $00,000 $00,000 $00,000 $00,000 Nil Nil Funds CGT liability of Funds transactional costs Facilitates release of al Guarantees and Securities Repays debt owing between Business and Funds costs of replacement or loss of income Compensates Purchasers for loss of capital value Debt reduction and capital for living expenses al Cover in TOTAL $1,00,000 $1,00,000 $1,00,000 $700,000 B. PROPOSED POLICIES AND SUMS INSURED PER POLICY Trauma reduced because of cost. DEATH TPD TRAUMA POLICY OWNER 1 $400,000 $400,000 $400,000 Nil Life 2 Bank Debt $200,000 $28,71 $28,71 Nil Company $100,000 $100,000 $100,000 $100,000 Company 4 al $00,000 $00,000 $00,000 Nil al (Trauma) 10 TOTAL $00,000 Nil/$00,000 Nil $00,000 Life 4

5 COMPLETE SUCCESSION RISK ANALYSIS WORKSHEET Apportionment of Total Needs and Sum Insurance Company Pays Total Sum to Trustee (Policy Owner) Trustee Pays Name of OF EACH COMPONENT Death TPD Trauma NOTES RECIPIENTS ASSETS + LIABILITIES + Price of Equity Price Accounting Fees Bank Debt, Lease & Other Liabilities Loan Account Business Creditor Creditor (Reduced Goodwill or New Working Capital) Business Continuing Proprietors PERSONAL = al Loans (Home Loan, Equity Loan, Other Liabilities) Living Expenses (See al Needs Analysis Worksheet) Needs (Debts) (Living Expenses) Future Provision TOTAL

6 COMPLETE SUCCESSION RISK ANALYSIS WORKSHEET Apportionment of Total Needs and Sum Insurance Company Pays Total Sum to Trustee (Policy Owner) Trustee Pays Name of OF EACH COMPONENT Death TPD Trauma NOTES RECIPIENTS ASSETS + LIABILITIES + Price of Equity Price Accounting Fees Bank Debt, Lease & Other Liabilities $400,000 $400,000 Nil Nil Nil Nil Nil Nil Nil Business $200,000 $200,000 Nil Creditor Loan Account Nil Nil Nil Creditor $100,000 $100,000 $100,000 Business (Reduced Goodwill or New Working Capital) Nil Nil Nil Continuing Proprietors PERSONAL = al Loans (Home Loan, Equity Loan, Other Liabilities) Living Expenses (See al Needs Analysis Worksheet) Nil Nil Nil Nil $00,000 $00,000 (Debts) (Living Expenses) Needs $00,000 Nil Nil Future Provision Nil Nil Nil TOTAL $1,00,000 $1,00,000 $700,000