Premium Solve Type

Select a radio button option to determine the premium of the policy. Some options are mutually exclusive and/or must comply with face amount and distribution rules.

• None – premium amount of the policy will be determined by using the Premium Type field.
• Protection Focus – Based on the initial face amount, GPR Option and GPR Duration, the system to solve for the lowest possible premium needed to achieve the Target, Target Amount and Target Year specified in the Solve section below. Specify the number of year to pay premiums by using the From-Through field. For example, for a 10 pay premium scenario, enter '1-10' in the From-Through.
• Retirement Focus – Based on the initial face amount, GPR Option and GPR Duration, the system will solve for the maximum premiums (avoiding MEC) prior to taking distributions then Solve for Income, elect Lifetime Income Benefits or Specify Amount. Specify the number of year to pay premiums and distribution by using the From-Through fields. For example, for a 20 pay premium scenario, enter '1-20' in the From-Through. Specify the Distribution Type and the number of year to receive income by using the From-Through field.