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Use an online calculator.
Present value 0
Payments = premiums
Future value = cash value of a point in the future on the illustration
Period = point in the future that you used for the future value (e.g. 20 years)
Solve for rate. That will essentially give you a true IRR on your premium dollars.
Most of the ROP policies out there actually include this in their calculations and on their quotes. It would be more challenging to include ART in this calculation but you could certainly levelize the term cost (20/30yr term) using a similar calculator.The only part I never liked about this aspect was it makes the assumption the death benefit wasn't part of the premium & that the only aspect was a savings rate of return. I always felt if I was looking at 20 year or 30 year IRR, the premium should be adjusted to subtract what a term policy would have cost