a simple (but might not be correct) excludes (non guaranteed dividends)
20% is based on annual premium paid
the 20% of 100k = 20k.
after paying 3 yrs x 100k = 300k + 40k bonus = 340K
you get 20k
= 5.88%
after paying 4 yrs x 100k = 400k + 60K bonus = 460K
you get 20k
= 4.34%
after paying 5yrs x 100K = 500K + 80k bonus = 580K
you get 20k
= 3.44%
after paying 6yrs x 100k = 600k + 100k bonus = 700k
you get 20k
= 2.85%
~ 7 yrs = yr capital 600k + (20k x 6yrs) = 720k
you get 20k
= 2.77%
~ 8 yrs = yr capital 600k + (20k x 7yrs) = 740k
you get 20k
= 2.7%
end of 9 yrs 780K
you get 20k
= 2.56%

This post has been edited by MUM: Sep 7 2016, 07:31 PM