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Retirement VS. Renewals

Retirement VS. Renewals. Steve DiChiaro. Assumptions. Branch Manager is 45 Years Old, Works For 10 Years, Produces $10,000 NAP/Week = $5M. Torchmark Corp Liberty Defined Independent Contractor Pension Plan Contribution Plan 1099

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Retirement VS. Renewals

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  1. Retirement VS. Renewals Steve DiChiaro

  2. Assumptions Branch Manager is 45 Years Old, Works For 10 Years, Produces $10,000 NAP/Week = $5M Torchmark Corp Liberty Defined Independent Contractor Pension Plan Contribution Plan 1099 Pre 1995 1995 – Oct 2011Nov 2011 – Current Value of Benefit $416k $119k * $1.75m at Age 65 ** 50% Lapses Value of Benefit * $875k at Age 75 ** 25% Lapses Value of Benefit * $656k at Age 85 ** 25% Lapses Total Value $416k $119k * $3.28m *assumes a blended 7% renewal rate ** assumed lapse % of book of business

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