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Equations for Insura

For Test

Mortality Costs mortality Risk x death benefit
Residual Disability Benefit loss of monthly pre-tax income/ prior monthly pretax income) x monthly benefit per total disability
NAVPS (Net Asset Value per Share) (total assets - total liabilities) / # of shares outstanding
Current Yield annual interest payment / current price of the bond
Rinf (real return adjusted for inflation) (Investment return - inflation rate)/(1 + (inflation rate / 100))
after tax return ATR investment return x (1 - MTR / 100) (MTR is marginal tax rate)
Real, After tax rate of return (after tax rate of return - inflation rate) / ( 1 + (inflation rate / 100))
Proportional reduction method (IVICS) ((withdrawal amount x 100) / (market Value @ time of withdrawal)) x 100.
Linear Reduction Method original guaranteed amount - withdrawl
Reset Value Add $ earned every contributed year or if loss use only amount contributed
Market Value total assets - total liabilities / # of units outstanding
Marginal tax rate (federal income tax rate) + (Provincial income tax rate)
Taxable Capital Gain capital gain x 50%
Policy Gain cash surrender value - adjusted cost basis
RRSP contribution room (current contribution room arising Jan 1st of current year - pension adjustment from previous years) + (carry-forward of unused contribution room from previous years
Present Value of Lump Sum PV of lump sum = FV + (1 + i) ^n Pv = present value FV = value of lump sum in the future i= annual interest rate @ which the PV is invested, as decimal n= # of years of investment
Future Value of a Lump Sum FV of lump sum = PV x (1 + i)^n FV=value in the future PV = present value of the lump sum i =annual interest rate @ rate which PV is invested, as a decimal n= number of years of investment
Future Value of Annuity PMT / i x ((1 + i)^n -1) PMT = annual investment i = the annual interest rate on the investments, as a decimal n = number of years investments are made
Present Value of Annuity PMT / i x (1-1 / (1+ i)^n) PMT = annual payment i= the annual interest rate on the investments, as a decimal n = the number of years payments are needed
Created by: olivia.merrithew
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