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1. 125 Entering Intormaton 14 Entry Fields cetera 14 earen 16 Estate Planning 107 F Family Split DONS sccccecscaxcdawseesanenwraxanansie 61 ON 111 File Manipulation eee 13 Financial Planning Analyzer 99 G GN 121 H Help Browser Window 0000000eeeeeeeeeee 101 Navigation Panen 102 Toolbar Top Panel 102 Page 127 Vortex Business Software Corporation All Riahts Reserved TODICP ANG ssc irentisihesceshed ogee ene 104 Toppe Sess 105 Using ADDCALC Hein 100 Help on ADDCALC Concepts 106 I Illustrations Access from Main Screen 25 KI CT 86 OT 84 Send an Illustration 0 0000000000000n 92 Income Generator 63 NNN 108 Income Shelter ornvrnnvrnvrnnornnrnnvnnnvnn 64 SEE 107 Install Microsoft NET Framework 113 Install Microsoft Data Access Components oooooonennsseeeenssse0eeess 115 Installation WEE 3 Insured Annuity GE EEE 107 Insured Annuity 64 Insured Inherttance 66 EE 107 Insured Rate of Return 68 Insured Retirement eee 69 Ove EN EE 108 Insured RRIF oo eee ee 71 D 110 Internal Rate of Return OVENI W ven 111 Introduction sroorrnornnornnvrnnvnnnvnnevnnevnner l Investor Desktop 93 3 Step Wizard 96 Back Office 98 Personal Web Ste 95 To 94 Leveraged Corporate Insured Annuity 72 Leveraged Insured Annuity EE 110 Lotin EE 18 M Main SCP EE 20 Menu descripto RE 21 Copy
2. The Corporate Key Person Protection concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Corporate Investment Tax Rate o Enter the corporation s investment tax rate if unsure use 50 for a corporation o Precision Two decimal places Investment Vehicle Select either Periodic deposits or Single Premium deposit Periodic refers to the annual premium of the policy for a specified period of time payment period o Single Premium refers to the use of a single premium deposit account where the prospect invests a lump sum into the account which is then used to pay the annual premiums o Use the spin buttons provided with the entry field to make a selection Options o Selections include Specify Investment or Calculate Investment This illustration has the ability to estimate the after tax payout of the Single Premium Deposit Account SPDA based on the lump sum investment and the SPDA rate It can also estimate the lump sum investment required based on the after tax payout of the SPDA which is equal to the annual prem
3. 4 220 RRIF rate 7 00 RRIF single premium 200 000 RRIF Duration m a RRIF payout type Minimum RRIF owner Fietred Gentlemen 4 Cancel Figure 60 Insured RRIF Concept Specifics Leveraged Corporate Insured Annuity The Leveraged Corporate Insured Annuity concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 Tax Table o Tax information required for this concept 4 View Send o View or email the ADDCALC concept illustration PDF Copyright 1990 2006 Page 72 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Concept Specifics The Concept Specifics screen consists of the following 1 Annuity Income o The regular annual pre tax income the corporation will receive from the Life 0 annuity o Precision Whole numbers only decimal places will be rounded to the nearest whole number Loan Rate The estimated interest rate that the bank will charge for the loan Enter an average long term interest rate your client expects the financial institution to charge for the annual accumulating loans o Entry must be between 0 and 12 o Precision Two decimal places Corporate Tax Rate O Enter the corporation s marginal tax rate on business income here if unsure use 50 for a corporation In cases where
4. o The charity s monthly or annual gross income from the annuity o The pre tax income from the Life 0 prescribed annuity o Precision Whole numbers only decimal places will be rounded to the nearest whole number 7 Al Rate o Normally the same as the projected fund growth rate for your policy o Entry must be between 0 5 and 20 o Precision Two decimal places 8 Investment o The amount of non registered funds invested into the annuity o Precision Whole numbers only decimal places will be rounded to the nearest whole number Copyright 1990 2006 Page 44 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 9 Taxable Portion The monthly or annual taxable portion of the annuity payments The portion of the pre tax income from the Life O prescribed annuity that is taxable at the individuals marginal tax rate o Precision Whole numbers only decimal places will be rounded to the nearest whole number IR Charitable insured Annuity Concept Specifics ox o SI O gel Basic Info Concept Specifics Beneficiar Table View PDF Made Annuity Income Al Rate Investment Taxable Portion REECH cms Figure 43 Charitable Insured Annuity Concept Specifics Beneficiaries Table Use arrow keys on your keyboard or your mouse to navigate in the table E Charitable Insured Annuity Beneficiary Table View PDF d Local Charity 250 000 10415 K Figur
5. 98 Basic Information eevornvrnnvvrenvrnnvnnnevnnevne 37 C Capital Dividend Account 41 OVEIVIEW secccietascadinvtasinneiodasdivareetwonnens 109 Capital GamsLu av v47 vv rvdasmer 118 Capital Gains Protector OVETVIEW EE EE 107 Capital Gains Protector 00000000 41 Charitable Annuity oorrrnnnrrrrrornrnrrrnnnr 110 Charitable Ging 110 Charitable Insurance 44 110 Charitable Insured Annuity 44 110 Collateral Insurance 46 Sv ee 109 Concept Overview rrrrrrrrnnnnrnnnnnnnrre 107 Concept Profile Alternative Investment 38 Basic Information eovrnnovnnnvrnnevnnevnnevne 37 View Send 40 Concept Erleis s t eegene 25 31 Concept Ward 35 Concept Wizard Toolbar 000 eeee000000000 36 Corporate Buxvout 47 Copyright 1990 2006 ON 109 Corporate Insurance 109 Corporate Insured Annuity 52 KEE 109 Corporate Insured Retirement ON 108 Corporate Key Person 56 Corporate Key Person Protection SO EE E 109 Corporate Redemption of Shares EE 109 Corporate Share Redemption 49 Corporate Split Dollar 000000000000 51 GE 0 109 D Deduct Insurance Cost from AI 119 Disbursement Quotas 000aeeeneeeneee 119 E Effective Tax Rate ee 119 Employee Shareholder Arrangement GN ee 110 Employee Shareholder Arrangement 58 End User License Agreement
6. PDF files can be shared viewed and printed by anyone with free Adobe Reader software If you are unable to access the PDF files then download the Adobe Reader free software for viewing and printing Adobe Portable Document Format PDF files OO NOTE o Be sure to close a displayed ADDCALC illustration PDF before generating another of the same concept otherwise the new illustration might not be generated The reason this happens is because the same file name is used in both instances and ADDCALC cannot write to a file that is already open for viewing Copyright 1990 2006 Page 117 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Capital Gains Capital Gains Capital Gains as an Alternative Investment Growth Component O The portion of the growth of the Alternative Investment that is taxable as a capital gain If the Al is a capital gain related mutual fund then most or all of the growth is taxable at a portion of the client s full marginal tax rate This effective tax rate will be shown on the Concept Assumptions page of the ADDCALC illustration PDF printout see effective tax rate in the More Information chapter on page 119 It is important to note that in the event of the death of the client all capital assets will be deemed by Revenue Canada to have been disposed of at fair market value This will mean that all hitherto unrealized gains will instantly become realized and taxable as a capit
7. o Fund value o Surrender value o Net cost of pure insurance Illustrates as regular or reverse Split Dollar Copyright 1990 2006 Page 111 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET System Requirements More Information System Requirements System Requirements o Minimum 400Mhz Pentium Il o Minimum 128 MB RAM Operating System Windows 98 SE Windows Me Windows 2000 Windows XP Preparing to Install O O O o It is recommended that any previous version of your company s ADDCALC is uninstalled prior to the installation of your company s ADDCALC NET o You must have administrative privileges on this computer in order to install ADDCALC NET o Some components must be installed on your computer before ADDCALC NET can be installed including Internet Explorer 5 01 or later o With the exception of Internet Explorer if these components are not already installed they will be installed now o After the installation of each component it will be necessary to re run ADDCALC Setup exe on your installation CD o When Setup exe is run again the installation starts as before but this time the component installation will be skipped Required Components o Internet Explorer 5 1 or later o Microsoft NET Framework o Microsoft Data Access Components Copyright 1990 2006 Page 112 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Install Microsoft N
8. o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection 3 Print Summary o Select whether or not the concept summary page is included with your concept profile ADDCALC illustration output o Select Yes or No by using the spin buttons provided with the entry field 4 Print Language o Select the language to be used in your ADDCALC illustration output o Select English or French by using the spin buttons provided with the entry field 5 Description o Identify this concept profile by including descriptive text that will be displayed on the main ADDCALC screen A default entry is initially displayed in this field This default is set in the Advisor wizard Concept Defaults screen Your entry here will simply overwrite the default for the current concept profile Copyright 1990 2006 Page 37 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Common Screens JE Concept Name Basic Info 4 3 reat Basic Info Concept Specifics Alkemative Invest View PDF Send PDF Tax Rate 45 00 Ilustrate to age 100 Print Summary fres Pont language English Descriptors GS ample Figure 37 Concept Profile Basic Information OO NOTE o The Basic Information screen is the first screen for every concept profile Alternative Investment The Alternative Investment screen consists of the following Default entries are as p
9. rrrrrrvrnnnnnnnnnrrvvnnnrnnnnnrrrrernnrnnnnnsne 115 Installation Microsoft Data Access Components Installing is Complete 116 Installation Microsoft Data Access Components Reminder to Re Run Setup 116 Copyright 1990 2006 Page vil Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Overview Introduction Overview Welcome to ADDCALC NET from Vortex Business Software Corporation If you would like to take advantage of the latest most effective sales illustration software program that will assist you in clearly presenting your ideas to your clients and keep those ideas at your fingertips then this is the program for you ADDCALC will allow you to view and print effective powerful customized proposals including ledgers and charts where applicable Who should use this program With ADDCALC producing sales illustrations will be easier more efficient more effective and powerful It is designed for producers who work primarily in markets for permanent insurance Many of the concepts explore the tax advantaged aspects of permanent insurance and as such the illustrations are of most interest to prospects in above average tax brackets ADDCALC covers all the major markets including estate planning tax planning retirement planning corporate insurance pension estate maximization and charitable giving The program consists of specific sales concepts that can be presented in many dif
10. Al Dividend Portion o The portion of the growth of the Alternative Investment that is taxable as dividends If the Al is a dividend related mutual fund then most or all of the growth of this fund will be dividend income which is taxable at a portion of the client s full marginal tax rate o This effective tax rate will be shown on the Concept Assumptions page of the ADDCALGC illustration see effective tax rate in the More Information chapter on page 119 o Examples of dividend based Alternative Investments o Preferred equity shares o High yielding common equity shares o Mutual funds which primarily invest in the above Copyright 1990 2006 Page 31 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard 3 Default Capital Gains Portion s realized and unrealized o The portion of the growth of the Alternative Investment that is taxable as a capital gain If the Al is a capital gain related mutual fund then most or all of the growth is taxable at a portion of the client s full marginal tax rate o More information on capital gains is covered on page 112 E Add new Advisor Concept Defaults User Interlace Language Ergin O Print Language Enin a Captal Gains Inclusion Rate 50 00 Default Tax Rate 50 00 Default Corporate Tax Rate 5000 Default Capital Tax Fate 3000 Print Summan ag Default Al Rate Spread cox R Default Al Interest Porbor ms Default Al Dryide
11. Concept Profiles Asset Table The Capital Gains Protector shows how life insurance can offset your future capital gains tax liability at death This is based on your input of asset information in the Asset table Use arrow keys on your keyboard or your mouse to navigate in the table ASSET TABLE Assets entered are numbered read only Asset Name Enter the name of the asset to be included Exempt Check box entry Yes or No Check this check box if this asset is eligible for the 500 000 capital gains exemption for small businesses and farms Uncheck this check box otherwise Adjusted Cost This is what the client paid for the asset when they bought it Base Enter the adjusted cost base purchase price if post 1972 here Precision Whole numbers only decimal places will be rounded to the nearest whole number Fair Market Value This is what the asset is worth today Enter the current fair market value of the asset here Precision Whole numbers only decimal places will be rounded to the nearest whole number Growth Rate Enter the projected annual growth rate for this asset This will be used to calculate future values for the asset Precision Two decimal places Figure 41 Capital Gains Protector Asset Table Detail Capital Gains Protector Asset Table Asset Table Basic Info Concept Specilics Exempt Adudec Far me Cost Base VM Canadian Small Cor Ea 100 000
12. Dollar In a Regular Split Dollar Fund Value or Surrender Value the parent owns the fund value portion of the policy and receives either the gross or net fund value upon the death of the child The child s beneficiary receives the face amount on death The parent pays the lesser of the annual premium and the increase in the gross fund value or surrender value of the policy The child pays the difference if any between the total premiums payable and the premiums paid by the parent The result of this arrangement is that the parent pays a small portion of the premium in the early years of the policy In the later years of the policy the parent is paying all of the premium since the increase in gross or net fund value will be greater than the total premiums paid The child may not always be paying a fair portion of the premium for the benefit of the life insurance coverage A Regular Split Dollar NCPI is designed to require the child to pay a fair price for the life insurance coverage Ihe parent owns the fund value portion of the policy and receives the fund value upon the death of the child The child s beneficiary receives the face amount on death The child pays the lesser of the net cost of pure insurance NCPI and the premium payable The parent pays the difference between the NCPI and the annual premiums for the policy year if any NCPI is calculated using a Revenue Canada approved table of mortality rates that are multiplied by the net
13. ENN 18 Re LIT US Es E 1p WE 19 EVT 2 e 19 NNN 20 ADDCALC Menu OP e EE 21 SELG GE A AT E EEE EE E seed E aagacaseenes 21 Concept Profiles Create New Concept 23 Concept Profiles Delete Profile rrrrnrrrnrnnnnnrnrrrnnrrnnnnnnnnrrvnnnrnnnnnnnernnnnnnnnnnnnsssnnnn 24 Advisor Wizard User ID PaSSword rrrnnrnnvnnrnnnnnrennnnnnnevnvnnnnnnernnnnnnnnennnnnnsnennnnnnsnsnnn 27 Advisor Wizard Contact Information 29 Advisor Wizard Concept Defaults cccccccccccssssseeeeeeeeeeeeeeeeceseesseaeeaeeeeeeseseaeasssss 32 Advisor Wizard Web Address AAA 33 g KO OL od WIZA O EE NN 34 Concept Wizard TOODA s ssaienineies senian aE E EE AA RE aaa a aE 36 Concept Profile Basic Intormmaton 38 Concept Profile Alternative Investments rrrrrrrnrrrnnnnnnnnvrrnvrrnnnnnnnrrrrnnnnnnnnnnsnnnnnnnnnnn 39 Concept Profile View Send rrrnnnnrrnnnnnnnvvnnrrrnnnnnnnovennnnnnnnnnnnsnnnrnnnnnnnnsssnnnnnnnnnnnnssennnn 40 Capital Gains Protector Concept Specifics rrrrrrrrnrnnnnnnrrvvnnnrnnnnnrrrrrennnrnnnerrerennsnnnnnn 42 Capital Gains Protector Asset Table Detail 43 Capital Gains Protector Asset Table 43 Charitable Insured Annuity Concept Specifics cee ceecceeeeceeeeeeeeeeeeeeaeesseeeeeeeeeaaeeees 45 Charitable Insured Annuity Beneficiaries Table Dera 45 Charitable Insured Annuity Beneficiaries Table rrrrnnnrrrnrrnnnrrnnrrnnnnrrrnrnnnnnrennnnnnenee 46 Corporate Buyout Concept Specifics
14. Help drop down menu contains the following options Web Tutorial Displays an ADDCALC tutorial in a new window Vortex Web Site Displays the Vortex web site home page in a new window About Displays the copyright notice and version number of your copy of ADDCALC Figure 27 ADDCALC Menu Options My Settings Use the My Settings menu option under the Setup main menu item to access the Advisor wizard 4 ADDCALC NET File Setup Help Mu settings Figure 28 Setup Menu Copyright 1990 2006 Page 21 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Main Screen Prospect Profiles 1 Create a Prospect Profile O O O O O OD Create a prospect profile by clicking the prospect profile Create button The Prospect wizard will guide you through creating a new prospect profile Click Finish when you have completed your entries The Prospect wizard will close You will be returned to the ADDCALC main screen When a prospect profile has been successfully added the prospect s name will appear in the prospect profile list View your Prospect Profiles O O O A listing of all created prospects can be viewed in the prospect profile list This prospect profile list is entitled Prospect profiles for your name here A prospect profile must be created prior to creating any concept profiles Click on a prospect name in the prospect profile list to view all concept profiles created for that prospect
15. Information required specifically for this concept 3 Alternative Investment o Information required for the Alternative Investment that will be compared to this concept 4 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Index Rate O d the annual withdrawals are to be indexed to inflation enter the annual growth rate ere o Precision Two decimal places o Entry must be between 0 and 20 2 From Year The policy year in which the income starts o Enter or select the policy year in which the client s withdrawals are to begin this should be after the end of the quick pay period o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection 3 to year The policy year in which the income ends Enter or select the policy year in which the last income withdrawal is to be made your maximum is age 100 minus current age o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 82 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles um FEE gr ebe ei se Tax Sheltered Income Steam Concept Specilics Figure 68 Tax Sheltered Income Stream Concept Specifics Copyright 1990 2006 Page 83 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET AD
16. Microsoft NET Framework is complete Click OK e Microsoft NET Framework 1 1 Setup Figure 88 Installation Microsoft NET Framework Installing is Complete 4 Continue with the ADDCALG NET installation o In order to continue with the ADDCALC NET installation it is necessary to re run ADDCALC Setup exe on your installation CD appentener Figure 89 Installation Microsoft NET Framework Reminder to Re Run Setup Copyright 1990 2006 Page 114 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Install Microsoft Data Access Components Install Microsoft Data Access Components o Microsoft Data Access Components must be installed in order to allow the installation of ADDCALG NET o After installation of Microsoft Data Access Components Setup exe must be run again in order to continue with the ADDCALC NET installation 1 The End User License Agreement EULA is displayed o To install ADDCALG NET you must accept this agreement kMrerosolt Data Access Lomponents 2 8 Setup HICROSOFT CORPORATION END USER LICENSE AGREEHENT Microsoft Data Access Components 2 8 IMPORTANT READ CAREFULLY This End User License Agreement EULA is a legal agreement between you either an individual of amp single entity and Microsoft Corporation for the Microsoft software product identified above which includes computer Sapftvare and may include associated media printed Figure 90 Installation Microsoft Dat
17. Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Insured Retirement The Insured Retirement concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 Alternative Investment o Information required for the Alternative Investment that will be compared to this concept 4 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Method Select Solve for of Fund Value or Specify Income Use the spin buttons provided with the entry field to make a selection Solve for of Fund Value calculates the maximum income to arrive at a loan balance that never exceeds the specified percentage of the fund value Maximum loan balance vs fund value This is the maximum level that the loan balance may accumulate to relative to the fund value at any time in the life of the policy The percentage is the loan balance represented as a percentage of the insurance policy fund value o Specify Income simply specifies an income amount 2 Target of FV Maximum loan balance vs fund value This is the maximum level that the loan balance may accumulate to relative to the fund value at any time in the life of the policy o The percentage is the loan balance represented as a percentage of the insur
18. The prospect profile Delete and Open buttons affect the prospect profile that is currently selected highlighted in the prospect profile list Edit a Prospect Profile O O O O Open a prospect profile by o double clicking the desired prospect name in the prospect profile list OR o selecting the prospect name in the prospect profile list and clicking the prospect profile Open button The Prospect wizard will provide access to your prospect profile entries Click Finish when you have completed your updates in the wizard The Prospect wizard will close You will be returned to the ADDCALC main screen Delete a Prospect Profile O Select a prospect profile by selecting the prospect name in the prospect profile list Click the prospect profile Delete button A Delete Prospect alert is displayed o Click Yes and another Delete Prospect alert is displayed o Click Yes on this second alert to permanently delete all prospect information and any related concepts for the selected prospect profile o Click No to cancel the deletion You will be returned to the ADDCALC main screen Copyright 1990 2006 Page 22 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Main Screen Concept Profiles 1 Create a Concept Profile O Select a prospect for the concept profile o Click once on a prospect name in the prospect profile list to select it to be associated with the concept you are about to create Click the
19. This License is not a sale of the original SOFTWARE or any copy 3 COPY RESTRICTIONS The SOFTWARE and the accompanying written materials are copyrighted Unauthorized copying of the SOFTWARE including SOFTWARE which has been modified merged or included with other software or of the written materials is expressly forbidden You may be held legally responsible for any copyright infringement which is caused or encouraged by your failure to abide by the terms of this License Subject to the restrictions above and if the SOFTWARE is not copy protected you may make one 1 copy of the SOFTWARE solely for backup purposes You must reproduce and include the copyright notice on the backup copy 4 USE RESTRICTIONS As the LICENSED END USER you may physically transfer the SOFTWARE from one computer to another provided that the SOFTWARE is used on only one computer at a time You may not electronically transfer the SOFTWARE from one computer to another over a network You may not distribute copies of the SOFTWARE or accompanying written materials to others You may not modify adapt translate reverse engineer decompile disassemble or create derivative works based on the SOFTWARE You may not modify adapt translate or create derivative works based on the written materials without the prior written consent of Vortex 5 TRANSFER RESTRICTIONS This SOFTWARE is licensed only to you the LICENSED END USER and may not be transferred to anyone withou
20. a direction key left right up or down arrow key to move the pointer to the border you want to size 2 Press a direction key to move the border 3 Press Enter when the window is the size you want Move To move the ADDCALC window or the active dialog box A maximized window cannot be sized or moved the Size and Move commands on the application control menu are unavailable if you maximize the window 1 By clicking on the title bar and dragging the window to its new location on your computer screen or 2 Select Move from the application control menu i A four headed arrow is displayed so you can change the location of the active window with the arrow keys li After the pointer changes to the four headed arrow 1 Keyboard Press a direction key left right up or down arrow key to move the window in the direction you want to move it Press a direction key to move the border 3 Press Enter when the window is at the desired location Scroll Bars The shaded bars displayed at the right and bottom edges of the document window The scroll boxes inside the scroll bars indicate your vertical and horizontal location in the document You can use the mouse to scroll to other parts of the document To scroll to another part of the document drag the box or click the arrows in the scroll bar Copyright 1990 2006 Page 12 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET File Manipulation File Manipulation Open Save Dialo
21. amount at risk the estate value minus the fund value at the end of each year Regulation 308 of the Income Tax Act The result of this arrangement is that the child is paying a reasonable estimation of the cost of insurance coverage for the life of the contract Since NCPI approximates YRT coverage the child s share of the premiums will be lower in the early years and will increase in the later years until the child may be paying the full premium Reverse Split Dollar In Reverse Split Dollar Fund Value or Surrender Value the child owns the fund value portion of the policy and the child s beneficiary receives either the gross or net fund value upon the death of the child The parent receives the face amount on death The child pays the lesser of the annual premium and the increase in the gross fund value or surrender value of the policy The parent pays the difference if any between the total premiums payable and the premiums paid by the child The result of this arrangement is that the child pays a small portion of the premium in the early years of the policy In the later years of the policy the child is paying all of the premium since the increase in gross or net fund value will be greater than the total premiums paid The parent may not always be paying a fair portion of the premium for the benefit of the life insurance coverage A Reverse Split Dollar NCPI is designed to require the parent to pay a fair price for the life insurance
22. be compared to this concept 4 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Plan Income o Your client s annual net after tax withdrawal target the amount of after tax retirement income the insured wishes to receive on an annual basis This figure can be modified until the maximum income is arrived at Withdrawals spanning from age 65 to 70 to cover the period between the start of retirement and the start of RRSP payments at 70 may produce the best results o Precision Whole numbers only decimal places will be rounded to the nearest whole number Copyright 1990 2006 Page 78 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 2 Index Rate o If the insured wishes to have their income indexed annual withdrawals are to be indexed to inflation enter the rate of indexation here o Precision Two decimal places o Entry must be between 0 and 20 3 From Year The policy year in which the income starts Enter or select the policy year in which the client s withdrawals are to begin this should be after the end of the quick pay period o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection 4 to year The policy year in which the income ends Enter or select the policy year in which the last income withdrawal is to be made your ma
23. cccccccceccseeeeceeeeeeeeeeeseeeeeeeseeaeseeeeeeessaeaseses 48 Corporate Share Redemption Concept Specifics ccccccceessseeeeeeeeeeeeeaeeeeeeeeeeeeaes 50 Corporate Split Dollar Concept Specifics rrrrrrrrrrrnnrrnrvrrrrrnnnnnnnnrrrnnrrnnnnnnnsrnnnnnnnnn 52 Corporate Insured Annuity Concept Specifics rrrrrrrrnnnnrrnrrrrrnnnnnnnrrrrnrrrnnnnnnnnrrnnnnnnnn 54 Corporate Insured Annuity Tax Table 54 Corporate Insured Annuity Tax Table Details rrrrrrrnnnnrrrorvrrnnnnnrrrvvvnrrrnnnnrrrrrrrnnnnnnn 55 Corporate Key Person Protection Concept Specifics rrrrrrrnnrrrrrrrnnnrrrrrnnnnnrennrnnnnnre 57 Copyright 1990 2006 Page vi Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Figure 53 Figure 54 Figure 55 Figure 56 Figure 57 Figure 58 Figure 59 Figure 60 Figure 61 Figure 62 Figure 63 Figure 64 Figure 65 Figure 66 Figure 67 Figure 68 Figure 69 Figure 70 Figure 71 Figure 72 Figure 73 Figure 74 Figure 75 Figure 76 Figure 77 Figure 78 Figure 79 Figure 80 Figure 81 Figure 82 Figure 83 Figure 84 Figure 85 Figure 86 Figure 87 Figure 88 Figure 89 Figure 90 Figure 91 Figure 92 Figure 93 FIGURES Employee Shareholder Concept Gpecce 60 Family Split Dollar Concept Specifics rrrrrrrrnrrnnnnnnrrrnrrrnnnnnnnnrrrnnrrnnnnnnnnssennnnnnnnnnnee 61 Income Generator Concept Specifics rrrrrrrrrrrrrnnnnnvrrnrrrnn
24. concept profile Create button The Create New Concept screen is displayed Create New Concept Concepts Desenption Capital Dradend Account To fnance a tuture vall bequest fom curent savings De Capital Gars Protector concept wil tax shetter earnings and provide superior Charkable Insurance Inheritance values use makinun deposits for at least 10 Collateral Insurance pars Composte Buyout Composte Key Person Protection Corporate Share Redemphion Corporate Spit Dollar Emplopee Shareholde Famil Split Dolar Income Generator Income Shelter Insured Inhertance insured Retrement Internal Rate of Return Retrement Compensation Avrangement RCA Secular Trust Split Dollar ACA Tax Sheltered Income Steam cw Figure 29 Concept Profiles Create New Concept A list of available concepts are displayed click on a concept to select it and a brief description of that concept will be shown To set up a new concept profile o Select a concept in the Create New Concept list and click the Create button OR o Double click a concept in the Create New Concept list nte Press F1 on your keyboard to display detailed information DH on the selected concept The Concept wizard will now guide you through creating a new concept profile Click Finish when you have completed your entries o The Concept wizard will close o You will be returned to the ADDCALC main screen When a concept profile has been successfully added t
25. coverage The child owns the fund value portion of the policy and the child s beneficiary receives the fund value upon the death of the child The parent receives the face amount on death The parent pays the lesser of the Net Cost of Pure Insurance NCPI and the premium payable The child pays the difference between the NCPI and the annual premiums for the policy year if any NCPI is calculated using a Revenue Canada approved table of mortality rates that are multiplied by the net amount at risk the estate value minus the fund value at the end of each year Regulation 308 of the Income Tax Act The result of this arrangement is that the parent is paying a reasonable estimation of the cost of insurance coverage for the life of the contract Since NCPI approximates YRT coverage the parent s share of the premiums will be lower in the early years and will increase in the later years until the parent may be paying the full premium Copyright 1990 2006 Page 62 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Income Generator The Income Generator concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the A
26. example below Bi add new Advisor User ID Password Please choose a secure Logn ID and pasword you will easdy remember User ID p Password This ts a required field and cannot be empty Conlin password Copyright 1990 2006 Page 16 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Navigation Figure 21 Error Messages Navigation ADDCALC makes use of several wizards to provide you with an easy way to create or update information Each wizard consists of a series of entry screens that have a consistent means of navigation Navigation Buttons are provided at the bottom of each entry screen They are enabled disabled where applicable 1 lt lt Back o Return to the previous entry screen 2 Next gt gt o Progress to the next entry screen 3 Finish Save entries made on the entry screens When creating new entries add mode this button is disabled until the final entry screen of the series has been reached o When editing existing information edit mode this button is enabled on every screen You may save your changes and close the series of entry screens at any time o The series of entry screens will be closed and you will return to the main ADDCALC screen 4 Cancel o Close the series of entry screens without saving any of your changes Gesi SC Figure 22 Navigation Buttons Copyright 1990 2006 Page 17 Vortex Business Software Corporation All Riahts Re
27. help to obtain help on an ADDCALC screen or concept Press the F1 button on your keyboard and the Help browser window will be displayed with information about the current ADDCALC screen and entry fields o The Help browser window provides access to all other sections of the help file o In ADDCALC NET help file some images will provide context sensitive help depending on the area of the image that you click The following text accompanies such images Move your mouse over the image below On some areas of this image your mouse cursor will change to a hand Click on this area to access pop up information on the feature you have clicked on Help Menu o Access quick links to sections of the help file the Vortex web site or ADDCALC tutorial and information on your version of ADDCALC o This menu item has the following menu options on the drop down menu Content Quick links and an index to topics on which you can get help are provided Web Tutorial Displays an ADDCALC tutorial in a new window Vortex Web Site Displays the Vortex web site home page in a new window About Displays the copyright notice and version number of your copy of ADDCALC Figure 80 Using ADDCALC Help The Help Menu Copyright 1990 2006 Page 100 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET The Help Browser Window The Help Browser Window The Help browser window is a tri pane window that works in much the same way as the
28. listings presented on the ADDCALC main page You can quickly load any of these client or concept profiles without having to search or remember what they were Advisor contact information or company logo can be changed with the click of a button ADDCALC produces custom built charts based on the ADDCALC concepts Charts are included as part of the illustration for printing and viewing purposes Concept profiles can be viewed in PDF format or inserted into an email with the click of a button ADDCALC allows you to use the illustration software programs provided by your insurance company to produce customized powerful sales presentation proposals ADDCALC works along with this illustration software by importing and making a forecast from the numbers then customizing it for you and your prospect ADDCALC goes beyond comparisons with GIC s and enables you to select growth through interest dividends or capital gains in any proportion With ADDCALC you have a powerful addition to your presentation arsenal ADDCALGNET Copyright 1990 2006 Page 2 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Installation Installation Installing ADDCALC is almost an automatic process An installation program is provided on your ADDGCALG disk for this purpose The InstallShield wizard will guide you through the initial installation It prompts you for information and retrieves files from your computer to gather the informati
29. menu Uucht aboee Investor Desktop Meny Concept Detal Help Prospect profiles Concept profiles Access an ADDCALC concept illustration D Sr d H EH R l l l l H Figure 81 Using ADDCALC Help The Help Browser Window Copyright 1990 2006 Page 101 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Help Toolbar Top Pane Help Toolbar Top Pane The top pane of the Help browser window displays the Help toolbar This toolbar consists of the following buttons Hide Show o Hides shows the left tab components navigation pane in the Help tri pane window Back o Returns to the previous topic Forward o Goes to the next topic Print o Displays the Print dialog for printing topics E HTML Help Hide Back Forward Print Contents Index Search Favorites G 4 Figure 82 Using ADDCALC Help The Help Toolbar Top Pane Help Navigation Pane Tabs The Help Navigation pane is displayed on the left side and consists of a number of tabs Contents An online table of contents is a summary of help topics arranged by category This hierarchical view of topics is located on the left side of the Help browser window grouped with the other navigation panes tabs such as Index and Search The online design uses the books and pages metaphor to represent categories and topics in your table of contents Book icons represent categories for organizing topics Page icons
30. o Enter the prospect s last name here 3 Email o Enter the prospect s email address here o The email must have a valid email address format Example someone somewhere com The prospect s full name will be shown on each page of every ADDCALLC illustration OO NOTE indicates a required field o The first and last name entries are used for storage and retrieval purposes only and will not appear anywhere in the reports o ADDCALC will use the prospect name from your product illustration software to maintain consistency o The email is used to send PDF copies of the report to the prospect i A F m First Mame Last Name be Bail Era Figure 35 Prospect Wizard Copyright 1990 2006 Page 34 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Wizard Concept Wizard The Concept wizard is accessed through the ADDCALC main screen The wizard consists of the following entry screens that are shown where applicable for the concept in focus 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 Alternative Investment o Information required for the Alternative Investment that will be compared to this concept 4 Table o Data required specifically for this concept o Assets o Beneficiaries o Tax 5 View Send o View and print your ADDCALLC illustration PDF o Send your ADDCA
31. or T bill related mutual fund then most or all of the growth of these funds will be interest income which is taxable at the client s full marginal tax rate o Examples of interest based alternative investments o GIC o Bonds Debentures o Treasury bills o Mutual funds which primarily invest in the above Dividend Portion o The portion of the growth of the Alternative Investment that is taxable as dividends If the Al is a dividend related mutual fund then most or all of the growth of this fund will be dividend income which is taxable at a portion of the client s full marginal tax rate o Examples of dividend based Alternative Investments o Preferred equity shares o High yielding common equity shares o Mutual funds which primarily invest in the above Capital Gains Portion s realized and unrealized where applicable o The portion of the growth of the Alternative Investment that is taxable as a capital gain If the Al is a capital gain related mutual fund then most or all of the growth is taxable at a portion of the client s full marginal tax rate E Concept Hamel Alternative Investment Basic Info Concept Specifics Altemstive Invest Hate Spread Interest Portion 20 Dividend Fiati ES Capital Gains Pastior i TE Urrealzed Capital Gains Fortor TE C Back Figure 38 Concept Profile Alternative Investments Copyright 1990 2006 Page 39 Vortex Business Software Corporation All Riahts R
32. or expands in red text to the right of the term o Click the term again to hide the definition 6 Drop Down Hotspots o Click the text shown in italicized green text and additional information opens below the hotspot o Drop down hotspots have the following advantages o They make information appear less overwhelming o They can contain further clarification procedures or details about tasks o They can be used to display images as well as text o Click the text again to hide the definition Copyright 1990 2006 Page 104 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Help Topic Pane Topic Series Access to a topic series where each series of topics is arranged in a specific order A drop down list above the Help Topic pane lists the topic series available o Select a series from the drop down list and an outline of the series will be displayed to the right of the drop down list The first topic in the series will be displayed in the Help Topic pane Use the Next and Previous buttons or click on a page in the outline to move forward and backward through a series of step by step topics Si HTML Help oS Hide Back Foward Print E Tan a F en Contents Index Search Favorites Gi A Previous Net H AE E Gi k Z Buet D Window Top Pane Tabs Topics i Using ADDCALC Figure 84 Using ADDCALC Help Topic Series Copyright 1990 2006 Page 105 Vortex Busi
33. provided with the entry field to make a selection Copyright 1990 2006 Page 63 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Bincome Generator Concept Specifics sl Plan Income 428000 Index Rate 0z From Yaar fa to Deduct Insurance Cost from Al fre Geet Figure 55 Income Generator Concept Specifics Income Shelter The Income Shelter concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Alternative Investment o Information required for the Alternative Investment that will be compared to this concept 3 View Send o View or email the ADDCALC concept illustration PDF Insured Annuity The Insured Annuity concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 View Send o View or email the ADDCALC concept illustration PDF Copyright 1990 2006 Page 64 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Concept Specifics The Concept Specifics screen consists of the following 1 Mode o Select annual or monthly determines whether your figures are interpreted as annual or monthly figures o The monthly or annual payment receipt of the premium annu
34. quick pay period o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection to year The policy year in which the income ends Enter or select the policy year in which the last income withdrawal is to be made your maximum is age 100 minus current age o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 75 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles E Retirement Compensation Arrangement ACA Concept Specifics 4 IN Ey Concept Specfics Alkemative Invest View PDF Send PDF Plan Income 450 DO Fram Year fe o Figure 64 Retirement Compensation Arrangement Concept Specifics RRIF Estate Maximizer The RRIF Estate Maximizer concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 Alternative Investment o Information required for the Alternative Investment that will be compared to this concept 4 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Tax rate at death o Your client s expected actual combined federal provincial personal income tax rate at deat
35. sections where applicable O O O O 0 O O O O Insureds Product Alternative Investment Other Details Special notes if applicable for the concept Errors and omissions excluded text default is E amp 0 E Current page number and total pages in the illustration Where applicable the concept Alternative Investment comparison summary u Prater CONHCEFT ASSUMPTIONS Iraara du kurasi __ Paul Prospect Finks Bee 29 has iroa Product PE ees arge L Furg Dereat 13 Paj Frej red Ame Groah Bag JO Sr YOYINI S JHOOM Akureatfes berrat a rmt Comore rege roeg ee Mere SS Dhikri M slisad Cigi Gan D ketpeg L wien Vd i op wan Be ag Bag On iie EE e Bera I CC op Cn ledred Capi Era I Capi Godino regen Bet ed Ee eas Frej ren Ass eren Baia ee an here SS as m Nauen syv Te EE Special Motes Thi di amn ee han eee ee he eee aa am area nrar ee ee le me pokey bee ae ee eee ees ee P es AHA pees eres Be ae ETA sl m re here bee koe Pee wer bees ard rer peep ae opie aero a iba ae ras mi rar V r imr erara ni 8 ee p oh p es be ed ded ges raar ee ska Sees bee srars FEE bet ures ralem eee Tha ewe ere Sara ren bee ee ee ret am eee wem arr able rn pan FTSE ee eee eee ees ee r pur LEE HA SET bad s l er miair ir rau 15 HSM Th arra he hare r a call kr hamn i vr E be be dd poke ma rh birrin ee are ker ir m ra perras bh ba ps an rin ul rak deg br a re uns Bee
36. the party that will own the face amount Use the spin buttons provided with the entry field to make a selection For Employer the employer pays the fund growth or NCPI and receives the fund value portion at death o For Employee the employee pays the fund growth or NCPI and receives the fund value portion at death 6 Corporate Tax Rate o Enter the corporation s marginal tax rate on business income here if unsure use 50 for a corporation o In cases where there are taxes to be applied to investments that yield interest or capital gains income then the federal refundable investment income surtax of 6 67 will automatically be added to the rate you enter here o This extra tax will go into a refundable dividend tax on hand RDTOH account which the corporation will get back when dividends are paid out to shareholders E Split Dollar RCA Concept Specifics Basic Info EE oa 5 SC FE be Plan Income 450000 450000 From Year 5 to RE Calculation bass Furdve 2 Split participant Employer Corporate Tax Rate FG Cancel Figure 67 Split Dollar RCA Concept Specifics Copyright 1990 2006 Page 81 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Tax Sheltered Income Stream The Tax Sheltered Income Stream concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o
37. tools enabling consumers to be involved in formulating investment strategies selecting products and services and evaluating alternatives The central purpose of the Investor Desktop suite of applications is to bring together advisors and their clients both present and future Vortex has created the Investor Desktop suite in recognition of the increasing desire and ability of the average consumer to be more closely involved in formulating strategies selecting products and services and evaluating alternatives It provides a personalized site for clients and potential clients to browse for information and tools to assist them with clarifying their own needs for financial products and services The goal of the Investor Desktop Suite is not to replace the traditional intermediary between consumers and sophisticated financial products and services On the contrary the goal is to connect the consumer more effectively to the financial planner agent broker or representative to enrich the client advisor relationship and to facilitate a clear understanding of the consumer s needs In addition to the other primary tools in the Investor Desktop suite such as the Financial Planning Analyzer and Calculators the Investor Desktop offers several lighter weight resources Each feature is designed to create interest arouse curiosity and encourage the visitor to take advantage of a major Investor Desktop tool Advisors may easily transform the Investor Des
38. wa mial 0 rr oe Tho aam ewer ok s l HEN a a mrar Earm s ee ard al ed ee eee oy og me wi Qe ie ees ri Ae ed ee li rms ks eed ee eek polar ee m bo mn L e Casper Figure 73 ADDCALC Illustrations Concept Assumptions Copyright 1990 2006 Page 89 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET ADDCALC Illustration Detail Ledgers shown where applicable include o Ledger title and detail o Errors and omissions excluded text default is E amp O E o Current page number and total pages in the illustration IRC GEHE ATOA p S S Figure 74 ADDCALC Illustrations Ledgers Copyright 1990 2006 Page 90 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET ADDCALC Illustration Detail Charts shown where applicable include o Chart titles chart detail and legend o Errors and omissions excluded text default is E amp O E o Current page number and total pages in the illustration Estate Value Comparison Progeonal Figure 75 ADDCALGC Illustrations Charts NOTE o Be sure to close a displayed ADDCALC illustration PDF before generating another of the same concept otherwise the new illustration might not be generated The reason this happens is because the same file name is used in both instances and ADDCALC cannot write to a file that is already open for viewing Copyright 1990 2006 Page 91 Vortex Business Software Corpor
39. 1 or later o With the exception of Internet Explorer if these components are not already installed they will be installed now o After the installation of each component it will be necessary to re run ADDCALC Setup exe on your installation CD o When Setup exe is run again the installation starts as before but this time the component installation will be skipped Internet Explorer o Microsoft Internet Explorer version 5 01 or later must be installed before installing ADDCALC NET Microsoft NET Framework o Microsoft NET Framework is required for ADDCALC NET see Microsoft NET Framework in the More Information chapter on page 112 o After installation of Microsoft NET Framework Setup exe must be run again in order to continue with the ADDCALC NET installation o If Microsoft NET Framework is already installed the installation will continue to install ADDCALC Microsoft Data Access Components o Microsoft Data Access Components is required for ADDCALC NET see Microsoft Data Access Components in the More Information chapter on page 115 o After installation of Microsoft Data Access Components Setup exe must be run again in order to continue with the ADDCALC NET installation o If Microsoft Data Access Components is already installed the installation will continue to install ADDCALC InstallShield Ward Preparing to Install ADDCALC MET Setup is preparing the InstalShietd Wizard which val guide you through the progr
40. 4 000 000 2 Equities Li 20 000 250 000 6 00 3 Land 2 100 000 450 000 50 Personal Property O 57 000 225 000 400 Figure 42 Capital Gains Protector Asset Table Copyright 1990 2006 Page 43 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Charitable Insurance The Charitable Insurance concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Alternative Investment o Information required for the Alternative Investment that will be compared to this concept 3 View Send o View or email the ADDCALC concept illustration PDF Charitable Insured Annuity The Charitable Insured Annuity concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 Beneficiaries Table o Beneficiary information required for this concept 4 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 5 Mode The monthly or annual payment receipt of the premium annuity payout respectively Select annual or monthly determines whether your figures are interpreted as annual or monthly figures o Use the spin buttons provided with the entry field to make a selection 6 Annuity Income
41. 5 521 46 320 205 18 991 DE 34 961 953 87 032 914 66 803 975 47 775 212 58 746 673 02 718 495 14 690 592 53 663 204 094 635 393 58 ma ie Figure 50 Corporate Insured Annuity Tax Table Copyright 1990 2006 Page 54 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Use arrow keys on your keyboard or your mouse to navigate in the table YR Taxable Portion Commuted Value TAX TABLE Policy year read only The taxable portion for each annual payout from the life annuity A value must be entered for each year to be illustrated You will need to obtain these values from your insurance company for the annuity quote they provided you Precision Two decimal places NOTE Since all corporately owned annuities must be non prescribed these values will change from year to year This value can either be entered manually using values provided to you by the insurance company that gave you the annuity quote or you can elect to have ADDCALC estimate the commuted values for you Precision Two decimal places NOTE If you want ADDCALG to estimate the values for you you will need to enter all of the taxable portion values first Figure 51 Corporate Insured Annuity Tax Table Details Copyright 1990 2006 Page 55 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Corporate Key Person Protection
42. ADDCALGNET Software User Manual Sales Presentation Tools For Windows fat 7 m SR de SEH We if 8 ee eee Re a ser P k TE O OE e ei N vs mu ei da s i P Sa p ai CopyrightO 1990 2006 Vortex Business Software Corporation All Rights Reserved lt O J m Ka LU Lo Z m Lo Lo Lo z g gt J m O J U J gt VA ADDCALGNET TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF e SICH R EVEN I TABLE OF CONTENTS 1 0 0 AA II PIGORE EE VI NR 1 ON l Who Should use tus PT deeg eege ETE 1 Wha t does FID CAG dO e l PTD CALC OVO O e E se eis eect 2 NNN 3 EE D ORRE AEDE N EEEE EEES 3 Uninstall FD E E EH 7 UNG DE TENT 11 VNR 1 MN Il SEL TE 0 SEE 12 FILE MANIPULATION seurorennnnnernnnnsrnnnnnrnnnnnsvnnnnsvnnnnnsnnnnnsnnnnussnnnnnsnnnnnsvnnnunenennnsnnnnnsvennunenennesene 13 NNN 13 PINE EIN Gr EIN OR ATION EE 14 NNN 16 NAN 17 ADDCALC NET WINDOWS eevoeevesevnsevnnvvnnsevnnnnnnsnnnsnnnsnnnnsnnnnnennnnnnnnnnnnnnnsnnnennnnnennsnnnsnnnnnnnnsenneennnnsennsnnnsennsenee 18 VON 18 MN EN 20 Me Zi ET 21 FT 22 TSN 25 ACCESS NTN 25 DIV 26 EN STE SLR 27 CNN ON ee 28 CONC ED E 29 eet 33 FRO SPE WV MN 34 CTV NN 35 Concept RT 36 CONCEPT PROFILES sicscceecsadepcescctasicscnescassastadccsasesccesesbnciesvacscasacsbacaesecescaesesbashoaesesensaccdecncaenbacacacxeweseasnessatans 37 EE 37 EE 37 MT 38 Copyright 1990 2006 Page ii Vortex Business Soft
43. BLE FOR ANY DIRECT INDIRECT CONSEQUENTIAL OR INCIDENTAL DAMAGES INCLUDING DAMAGES FOR LOSS OF BUSINESS PROFITS BUSINESS INTERRUPTION LOSS OF BUSINESS INFORMATION AND THE LIKE ARISING OUT OF THE USE OR INABILITY TO USE SUCH PRODUCT EVEN IF VORTEX HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES 9 MISCELLANEOUS This License is governed by the laws of the Province of British Columbia and shall benefit Vortex its successors and assigns ACKNOWLEDGEMENT BY INSTALLING THE SOFTWARE YOU ACKNOWLEDGE THAT YOU HAVE READ THIS LICENSE UNDERSTAND IT AND AGREE TO BE BOUND BY ITS TERMS AND CONDITIONS YOU ALSO AGREE THAT THIS LICENSE IS THE COMPLETE AND EXCLUSIVE STATEMENT OF AGREEMENT BETWEEN YOU AND VORTEX AND SUPERSEDES ALL PROPOSALS OR PRIOR AGREEMENTS ORAL OR WRITTEN AND ANY OTHER COMMUNICATIONS BETWEEN THE PARTIES RELATING TO THE SUBJECT MATTER OF THE LICENSE OR ANY WARRANTY ADDCALLC is a trademark of Vortex Business Software Corporation Copyright 1990 2006 Page 126 Vortex Business Software Corporation All Riahts Reserved A ADDCALC Illustrations Del 86 OV CP TE 84 Send an Illustration 0 00 92 ADDCALGC Illustrations Access from Main Screen 25 Advisor Ward 26 Concept E OC 29 Contact Toto 28 rv 33 User ID Password esrnnvvnnnvvrnnnvrnnnvene 27 Web Address 33 Alternative Investment 38 Annuity Estate Maximizer 41 OVvervVieW EEE 110 B Back Office
44. D INCOME STREAME 82 EE 82 MENN 84 ADDCALC ILLUSTRATION UNERNIENW 84 ADDCALC ILLUSTRATION DETAIL 86 SEND AN ILLUSTRATION icc nosicrssccscoaennbeaveosaheronoonsavenesabeanavenbesnosahanenvenacseaencnaaeamensensarsabeneacs 92 NR TORDE SOP see 93 WHAT IS THE INVESTOR DESKTOP i esrarernevnrnevnrnevnnnenennenennenennrnennnnennnnenennenennenennnnennnnenennenee 93 INVESTOR DESKTOP Toosg 94 INVESTOR DESKTOP PERSONAL WEB SITE cccececcecccececccceccscecccecceecessececscecnccecuseecess 95 INVESTOR DESKTOP 3 STEP WARDEN 96 ADVISOR INVESTOR DESKTOP BACK OFFICE 98 WHAT DOES THE PA DO VE 99 USING ADDCALC HELP EN 100 THE HELP BROWSER WINDOW rerererernenevnvnenenenennrnenenennnnenenennnnenenenennnnenenennnnenenennnnenenenennen 101 HEIP FOOL BAR Ch OP PANT Jersio reren ea E E EAEE 102 HEEP NAVIGATION PANE TABS E 102 PE ORIG P EE 104 HELP ON ADDCALC CoNCEpTg 106 CONIC EG VG OR EEN 107 OVNEN 107 ESTATE PLANNING EE 107 LA PA EEN 107 RETIREMENT PLANNING E 108 CORPORATE INSURANCE rerornerevnenevnenennrnennrnenennenennenennnnennnnennnnenennenennenenennennnnenennenennenennene 109 CHARITABLE GIVING EEN 110 PENSION ESTATE MANXIMIZATION 110 MISCELLANEOUS CONCEPTS erernernevnennvnennennvnennennensvnennensnnennensnnennennensnnennensnnennensnnennennenee 111 MORE INFORMA TION geseet 112 SYSTEM REOUIREMENTS EN 112 INSTALL MICROSOFT NERIERAMEWORK 113 INSTALL MICROSOFT DATA ACCESS COMPONENTS 115 FT 117 CAPITAL GAINS cccceccscccceccecc
45. DCALC Illustration Overview ADDCALGC Illustrations ADDCALC Illustration Overview The ADDCALC illustration PDF is your customized sales illustration output including ledgers and charts where applicable View an ADDCALGC illustration O When creating a new concept profile o The final page of the Concept wizard is always the View Send screen o Click on the View button on the View Send screen and the concept output will be generated as a PDF file When editing an existing concept profile o Click on the toolbar s View PDF button on any of the Concept wizard screens Your Adobe Reader will automatically open and display the ADDCALC illustration PDF The PDF window is displayed with a split screen o The ADDCALC illustration s cover page is shown on the right o Use your keyboard Page Dn and Page Up keys to navigate through the illustration o Use the Adobe Reader Zoom In Zoom Out tools to change the magnification of the illustration o Bookmarks for this illustration are shown on the left Bookmarks are quick links to sections of the ADDCALLC illustration o Click on a bookmark to highlight it and the appropriate section of the ADDCALC illustration will be displayed in the right hand side of the PDF window SS Adobe Acrobat Mr Peter Prospect Family Split Dollar pdf RE x Di Ble Edt Document Tools view Window Help Be _ le xl mes a h S C6854 48 B 4 E Bookmark Fr Family Split Dollar
46. DCALGC Illustrations Concept Aesumptons 89 ADDCALLC Illustrations Ledgers rrrrrrrnnrnrvrvnnnnnvvrrrnnnnrernrnnnnnnennrnnnnnennnnnnsnsennnnnnsssenn 90 ADDCALLC Illustrations Charts rrrrrnnrrorrnnnnornannronnnnnnonnnnnnrnnnnnnnrnnnnnnnnnnnnrnnnannsennnnene 91 ADDCALC Illustrations Send an lllustration rerrrrrrnnnrrrrrrrrrrnnnnnnrrrrrnrrrnnnnnnnrennnnnnnnn 92 Investor Desktop Example Personal Web Site rrrrrnnnnnnnnnnnnnrrnnnnnnnrrnnnnnvvnnnnnnrrrrrnnnnnn 95 Investor Desktop Paste URL into Advisor Web Address rrrrrrrnnnrnvrvrnnnnrrrvrrnnnnrrnnnnnn 97 Investor Desktop 3 Step Setup Ward 98 Using ADDCALC Help The Help Menu 100 Using ADDCALC Help The Help Browser Wumdow 101 Using ADDCALC Help The Help Toolbar Top Panel 102 Using ADDCALC Help The Help Navigation Pane Tabel 103 Using ADDCALC Help Topic Series 00 nnnnnnn00annnnnnnnnnnnnnnnnnsnnnnrnnnersnnrnnrressnnnnreeeeo 105 Using ADDCALC Help Help on ADDCALC Concepts rrrrrnnnrrrernrrrnnnnnnrnrrnnnrrnnnnnnee 106 Installation Microsoft NET Framework License Agreement 113 Installation Microsoft NET Framework Installing Components snannnnnn0annnnnaann 114 Installation Microsoft NET Framework Installing is CGomplete 114 Installation Microsoft NET Framework Reminder to Re Run Setup 0000nnn000n 114 Installation Microsoft Data Access Components License Agreement 115 Installation Microsoft Data Access ComponentS
47. DDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Plan Income o Your client s annual net after tax withdrawal target You may need to adjust this number until the maximum income has been achieved o Precision Whole numbers only decimal places will be rounded to the nearest whole number Index Rate o If the insured wishes to have their income indexed annual withdrawals to be indexed to inflation enter the rate of indexation here o Entry must be between 0 and 20 From Year The policy year in which the income starts Enter or select the policy year in which the client s withdrawals are to begin this should be after the end of the quick pay period o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection to year The policy year in which the income ends Enter or select the policy year in which the last income withdrawal is to be made your maximum is age 100 minus current age o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection Deduct Insurance Cost from Al o Your response to the question Deduct Insurance Cost from Al will be based on whether you are concentrating upon the estate benefits or the amount and taxation status of withdrawals see Deduct Insurance Cost from Al in the More Information chapter on page 119 o Use the spin buttons
48. EJ Sections Fun Cover Page HL Summary rm Detailed Description F J CONCEPT ASSUMPTIONS DH FAMILY SPUT DOLLAR Deposit and Estate Benefit Splits SEET snarer H Commerte Thumboais 4 LUMA ich FM 85xiin Ola H 2 Figure 69 ADDCALC Illustrations View the Illustration Copyright 1990 2006 Page 84 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET ADDCALC Illustration Overview Save an ADDCALLC illustration o Use the Adobe Reader menu or toolbar to save the current ADDCAL C illustration o Click the Save a Copy toolbar item or select the Save a Copy menu option from the File menu item o A Save dialog box will be displayed from which you may select the destination of your illustration on your hard drive Print an ADDCALLC illustration o Use the Adobe Reader menu or toolbar to print the current ADDCALG illustration o Click the Print toolbar item or select the Print menu option from the File menu item o A Print dialog box will be displayed from which you may print your illustration Copyright 1990 2006 Page 85 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET ADDGALC Illustration Detail ADDCALC Illustration Detail The ADDCALC illustration PDF is comprised of six sections Every page of the ADDCALC illustration PDF contains the following information o Custom logo provided by the licensing company or your own personal logo o Today s date o Conce
49. ET Framework Install Microsoft NET Framework The Microsoft NET Framework is a platform for building deploying and running web O services and applications Microsoft NET Framework must be installed first in order to install ADDCALC NET o After installation of Microsoft NET Framework Setup must be run again in order to continue with the ADDCALC NET installation 1 The End User License Agreement EULA is displayed o To install ADDCALC NET you must accept this agreement o Click Install ei Microsoft NET Framework 1 1 Setup s License Agreement AM 2 Microsoft net htt figo microsoft com fw linkI Linkld 12283 gt SUPPLEMENTAL END USER m LICENSE AGREEMENT FOR ATERT SOVET Yr ER I have read understood and agree bo the berme of the End User License greemert and zo signify by clicking I agree and proceeding to use this product Cancel Figure 86 Installation Microsoft NET Framework License Agreement Copyright 1990 2006 Page 113 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Install Microsoft NET Framework 2 Installing Components o This screen simply indicates the progression of the installation ria Microsoft HEI Framework 1 1 Setup RS T e Za U Ch a g Era gn ka k 7 Installing Components The folloverng items are berg nstalled on your computer Figure 87 Installation Microsoft NET Framework Installing Components 3 Installation of
50. HIS PRODUCT TO THE PARTY FROM WHICH YOU OBTAINED THEM ANY FEES YOU PAID SPECIFICALLY FOR USE OF THIS VERSION OF THE SOFTWARE WILL BE FULLY REFUNDED In order to preserve and protect its rights under applicable laws Vortex does not sell any rights in the SOFTWARE Rather Vortex grants the right to use the SOFTWARE by means of a SOFTWARE LICENSE Vortex specifically retains title to all Vortex computer software 1 GRANT OF LICENSE In consideration of payment of License fees from you the LICENSED END USER and your agreement to abide by the terms and conditions of this License Vortex as Licensor grants to you the LICENSED END USER a nonexclusive right to use and display this copy of the SOFTWARE on a single COMPUTER i e with a single CPU at a single location so long as you comply with the terms of this License If the single computer on which you use the SOFTWARE is a multi user system the License covers all users on that single system Vortex reserves all rights not expressly granted to you under this Agreement 2 OWNERSHIP OF SOFTWARE As the LICENSED END USER you own the magnetic or other physical media on which the SOFTWARE is originally subsequently recorded or fixed but an express condition of this License is that Vortex retains title and ownership of the SOFTWARE recorded on the original disk copy ies and all subsequent copies of the SOFTWARE regardless of the form or media in or on which the original and other copies may exist
51. Internet Explorer browser Top Pane The top pane displays the toolbar It provides buttons for showing and hiding the left hand pane printing topics and going back and forward to view topics Navigation Pane The navigation pane is displayed on the left side It displays tabs for the Contents Index and Search features as well as for Favourites and the online Glossary Topic Pane The topic pane is displayed on the right side It displays topic content with scroll bars visible for further viewing When the Contents tab is the active tab in the navigation pane the selected book or page at the left is synchronized with the active topic on the right H HTML Help mo amp pe Hide Back Foward Dt Contents Index Search Favorites GA gt oes Nes Concept Ilusbation e Prospect db Acte Wu Screen cee Proviles Prokles Access LO Using ADDICALC a AB Window Manipulation Login Main Screen Main Screen 3 a Abt tees ADDCALC NET MAIN SCREEN 3 Prospect Profiles 9 Concept Profiles The ADDCALC main screen is displayed afler a successful login The main F Illustration Access ADDCALC screen displays a listing of your prospect profiles and their associated BS Adviser concept profiles It also provides access to the Adwsor Prospect and Concept Gol Prospect Wizards Concept Profiles 1 lication control
52. LC illustration as an email attachment o Use the Finish button to save and close your new concept profile o This screen is replaced by View PDF and Send PDF buttons when editing existing concepts OO NOTE O When editing an existing concept profile each screen in the Concept wizard will display a button toolbar The View and Send buttons included with this toolbar will replace the View Send screen shown when a concept profile is being created Navigation buttons are provided at the bottom of each concept profile entry screen Copyright 1990 2006 Page 35 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Wizard Concept Wizard Toolbar When editing an existing concept profile each screen in the Concept wizard will display a button toolbar The toolbar provides the following o Quick access to all Concept wizard screens for the current concept profile o View PDF and Send PDF buitons for quick access to view print or email an ADDCALC illustration from any Concept wizard screen o The View and Send buttons included with this toolbar will replace the View Send screen shown when a concept profile is being created View PDF o Clicking the View PDF button will display the concept profile illustration in PDF format in a separate window o Adobe Acrobat Reader is required in order to view the PDF o Once opened as a PDF the illustration can be printed or saved to your hard drive Send PDF o Click
53. OO NOTE O Realized means that the underlying securities have been sold for a price exceeding the original purchase price adjusted cost base ACB The term realized should not be confused with unrealized Unrealized capital gains are securities that have a fair market value FMV that is greater than their ACB but have not yet been sold Copyright 1990 2006 Page 118 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Deduct Insurance Cost from Al Deduct Insurance Cost from Al If you answer Yes to the question Deduct Insurance Cost from Al then you will be concentrating upon the estate benefits This illustration deals with Buy Term amp Invest the Difference as a viable alternative concept to life insurance It takes identical annual investments deducts mortality costs and expenses from both funds to be realistic we use the insurance cost figures from the insurance policy as the Term policy for the Alternative Investment Fund investing the difference at the same rate of return to make a fair comparison The face amount has accordingly been added to the estate benefit of the Alternative Investment fund so that both include insurance The Alternative Investment fund usually becomes exhausted first because there are insufficient funds available to pay insurance deposits withdrawals and taxes from a non tax sheltered fund If you answer No to the question Deduct Insurance Cost from Al then your
54. Page 15 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Entering Information Browse Button o Use this button to access and select a file for upload from your hard drive Click the Browse button to locate your file An Open dialog box is displayed Find and select the file you wish to upload gt dl Click the Open button on the Open dialog box 5 The Open dialog box will close and the ADDCALC screen will be in focus o A read only entry field will display the directory path and file name of your selection Logo image file CA vDocumentzMu chez mp logo pg NOTE The file you select must be In JPG format and may be distorted when printed on the reports m order to make It fit Figure 20 Entering Information Browse Button Error Messages An error message is a means to inform you that more information needs to be entered or an entry needs to be adjusted An error message will occur if A required field has been missed Your entry did not match the expected format for an entry field o Numerical fields cannot accept text for example o An entered numerical entry is outside of the expected boundaries o Some entries have a maximum and or minimum boundary An error is indicated by the display of an image of an exclamation mark in a red circle that flashes briefly and then remain displayed by the offending entry Move your mouse over that image and an error message will be displayed as popup text as shown in the
55. Ss e Miscellaneous Concepts Estate Planning 1 Insured Inheritance o Makes an estate benefit comparison between the insurance policy and an Alternative Investment for a client s lump sum which has been set aside as a specific bequest under his or her will o Life insurance can tax shelter the earnings and provide superior inheritance values o The user may select Single Deposit or Term Certain Annuity 2 Income Shelter o Shows tax shelter earnings and provides superior inheritance values for a financing of future will bequest from current savings o Makes an estate benefit comparison between the insurance policy and an Alternative Investment 3 Insured Annuity o Shows how to preserve the initial lump sum investment in a Non registered Life O prescribed annuity while generating an income for life o Makes a comparison between the insured annuity and an Alternative Investment for income generating purposes Tax Planning 1 Capital Gains Protector o Illustrates how a life insurance policy can be used to compensate for a capital gains tax liability at death The annual premium is expressed as a percentage of the asset value Copyright 1990 2006 Page 107 Vortex Business Software Corporation All Rights Reserved ADDCALGNET Retirement Planning Retirement Planning 1 Corporate Insured Retirement o Howto use the fund value of a Universal life policy as source of tax free loans in to pay an employee s retireme
56. Step Setup Wizard Advisor Investor Desktop Back Office Your personalized Investor Desktop web site is managed in your advisor Investor Desktop Back Office where you may update your personal settings for your site You can also use your advisor Investor Desktop Back Office to manage your clients view client profiles and producer summary reports and send yourself follow up reminder emails The advisor Investor Desktop Back Office provides each advisor with a unique link to his her own personal website and FPA site along with the ability to include customized text both of these sites For more information o View a Feature Tour of the Financial Planning Analyzer http www vortexsoft com foa_promo flash_intro html AND OR o Use the Adobe Reader and access the Back Office Advisor Manual PDF available in the advisor Investor Desktop back office under Downloads where you can review more in depth information on these personalizations SS Copyright 1990 2006 Page 98 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET What does the FPA do What does the FPA do The Financial Planning Analyzer or FPA helps clients and financial advisors to connect This first of its kind web based tool pre qualifies potential clients for any of a range of financial products and services By streamlining the prospecting process the FPA frees financial services professionals to soend more time on what they like an
57. a 4 Installation License Agreement rrrnnnnnnnnnnnvnnnnnnrnnnnnnnnrnnnrennnnnnennnnnnrnnnnnnsennnnsnennnnsnsennnnn 5 Installation Choose Destination Location 5 Installation Compleie ee 6 Uninstall Repair Access the Windows Control Panel 7 Uninstall Repair Access Windows Add Remove ProgramS sssssessseeennesensennneen 7 Uninstall Repair Add Remove Programs cccccccseeeeeeeeeeeeeeeeeeeaeeeeeeeaeeeeeeeessaneeees 8 Uninstall Repair InstallShield Wizard mmpalsaton 8 Uninstall Repair InstallShield Modify Repair or Remove Dialog Box 9 Uninstall Repair Maintenance Complete cccccccccsssseseeceeeeeseesseeeeeeeeeseeaaseeeeeees 10 Windows Application control menu and related buttons sssnseennseneenneennnneeeeeennnee 11 Windows Open Save Dialog BOX rrrrrrrrnnnnnrnnvvvnnrrnnnnnnnnrrnnnvrnnnnnnssrnnrnrnnnnnnnsssnnnnnnnnnn 13 Open Save Dialog Box Features 13 Entering Information Multi Line Text Field 14 Entering Information Password Dos 14 Entering Information Spin Buttons srrrenrrnnnrrrrnnnnnnrrvnrnnnnnrrnnrnnnnnsennnnnnsrennnnnssnsennnnnn 15 Entering Information Drop Down Uert 15 Entering Information Check BOX rrrnnnrnevnrnnnnrrvvnrnnnnnrevnrnnnnnrennnnnnnsennnnnnnnsennnnnsnernnnnnn 15 Entering Information Browse Button rranrrennnnnvrrnnnnrvrnnnnrenrnnnnennnnnnrnnnnnrennnnnnennnnnnnen 16 SEERE OO a e N E E 17 NBG 17
58. a Access Components License Agreement 2 Installing the Software o Click Finish to begin installation Mrosoht Data Access Lomponents 2 amp Setup Figure 91 Installation Microsoft Data Access Components Copyright 1990 2006 Page 115 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Install Microsoft Data Access Components 3 Installation of Microsoft Data Access Components is complete o Click Finish to exit setup Microsoft Data Access Components 2 8 Setup Figure 92 Installation Microsoft Data Access Components Installing is Complete 4 Continue with the ADDCALG NET installation o In order to continue with the ADDCALC NET installation it is necessary to re run Setup exe on your ADDCALGC installation CD ADDCALC NET Figure 93 Installation Microsoft Data Access Components Reminder to Re Run Setup Copyright 1990 2006 Page 116 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET PDF Files PDF Files Portable Document Format PDF files are used for viewing or printing ADDCALG illustration output The illustration PDF can also be sent as an email attachment PDF is the de facto standard for the secure and reliable distribution and exchange of electronic documents and forms around the world PDF is a universal file format that preserves the fonts images graphics and layout of any source document regardless of the application and platform used to create it Adobe
59. a Concept Profile O Select a prospect for the concept profile o Click once on a prospect name in the prospect profile listing to select it to be associated with the concept you are about to create Select a concept profile by selecting the concept name in the concept profile list Click the concept profile Delete button A Delete Profile alert is displayed clicking either button in this alert will return you to the ADDCALC main screen o Click Yes to delete the currently selected concept o Click No to cancel the deletion Delete Profile x 9 re you sure vou want to delete 03 07 2005 Family Split Dollar Regular Fund Value This action will be PERMANENT Figure 30 Concept Profiles Delete Profile Copyright 1990 2006 Page 24 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Access to ADDCALC Illustrations Access to ADDCALC Illustrations View print or email an ADDALC concept illustration via the View Send concept profile screen buttons 1 Select a prospect for the concept profile o Click once on a prospect name in the prospect profile listing to display all associated concept profiles Create or Open a concept profile 3 The Concept wizard will be displayed o When an existing concept has been opened the Concept Wizard toolbar includes View PDF and Send PDF buttons o When a concept is being created the View and Send buttons are located in the final wizard screen View Send s
60. ains income then the federal refundable investment income surtax of 6 67 will automatically be added to the rate you enter here This extra tax will go into a refundable dividend tax on hand RDTOH account which the corporation will get back when dividends are paid out to shareholders o This default can be overwritten for an individual concept in the Concept wizard o Entry must be between 0 and 100 o Precision Two decimal places 6 Default Capital Tax Rate The corporation s combined federal and provincial capital tax rate This default can be overwritten for an individual concept in the Concept wizard Precision Three decimal places Entry must be between 0 and 3 7 Print Summary O O o Select whether you would like a summary page to be included in your ADDCALC illustrations o Select Yes or No Use the spin buttons provided with the entry field to make a selection This default can be overwritten for an individual concept in the Concept wizard Copyright 1990 2006 Page 30 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard 8 Default Al Rate Spread O O O O This percentage is added to the policy projected growth rate to arrive at the Alternative Investment growth rate Depending on the concept the terminology will vary as follows o Rate Spread o Ifa range of rates has been passed to ADDCALC from the product illustration software then the spread rate will be applied
61. al gain Also should all or a portion of the Al be sold by the client during their lifetime that portion of the portion sold that is unrealized capital gain will be taxable as capital gains in the hands of the client Capital gains entry fields o Capital Gains Portion realized o This is the portion of the growth of the Alternative Investment that is taxable as capital gains o Realized capital gains are taxable because there has been an actual profit made o Unrealized Capital Gains Portion shown where applicable o The percentage of the growth of the Al that is unrealized capital gains This is not taxable until disposition o Unrealized capital gains are not taxable because no actual profit has actually been made yet as the underlying securities have not yet been sold o The effective tax rate would be the effective tax rate on disposition It should also be noted that if there are a lot of unrealized gains at death then the marginal tax rate of the deceased s estate will likely increase to the maximum possible rate as 50 of all realized gains would be added to the deceased s taxable income for that year The actual rate varies by province and may be higher or lower than 50 Examples of capital gain based Alternative Investments o Common equity shares Low yielding convertible preferred equity shares Low yielding bonds purchased at a steep discount Commodity trading Mutual funds which primarily invest in the above O O O
62. am setup process Plese wak Checking perabng System Version lll Figure 2 Installation Preparing to Install Copyright 1990 2006 Page 4 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET 3 License Agreement o The End User License Agreement is displayed o To install ADDCALC NET you must accept this agreement ADDLALG NET Pro License Agreement Please read the folowing license agreement carefully Press the PAGE DOWN hey to see the est of the agreement VWORTES SOFTWARE LICENSE Is This is legal agreement between you the end user and Voitex Business Soltware Corporation 3705 1301 Matinaside Ci Vancouver B C Canada VES 2 Vortex BY INSTALLING 32 Bit A4DDC4LC NET individually or colective refered bo as he SOFT WARE YOU HE AGREEING TO BECOME BOUND BY THE TERMS OF THIS AGREEMENT E Do pou accept all the hems of the preceding License Agreement Ifyou choose Mo the setup vill close To metal ADDIGSLC NET you must accept this agreement retallshield lt Back e Ho Figure 3 Installation License Agreement 4 Choose an installation destination o ADDCALC can be installed in the default directory Installation C Program Files Program Files Vortex ADDCALC NET Company Directory OR o ADDCALC may be installed in a directory of your choice ADDLALL NET Pro Choose Destination Location Select folde
63. ance policy fund value o Disabled when method Specify Income is selected o Entry must be between 1 and 100 o Precision Two decimal places 3 Plan Income Your client s annual net after tax withdrawal target You may need to adjust this number until the maximum income is arrived at Disabled when method Solve for of Fund Value is selected Precision Whole numbers only decimal places will be rounded to the nearest whole number O O O O Copyright 1990 2006 Page 69 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 4 Index Rate O O O O If the insured wishes to have their income indexed enter the rate of indexation here Zero means no indexing Entry must be between 0 and 20 Precision Two decimal places 5 From Year The policy year in which the income starts Enter or select the policy year in which the loans from the financial institution are to begin after the end of the quick pay period Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection 6 to year The policy year in which the income ends Enter or select the policy year in which the last income loan is to be made your maximum is age 100 minus current age Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection 7 Loan rate spread Bank loan spread assumed bank loan rate at time
64. are provided you can do the following o Click in the entry field and then use your keyboard s up and down arrow keys to move through the selections available OR o Click your mouse on the spin buttons provided with the entry field to move through the selections available o In some cases you may also be able to directly type your entry in the entry field such as for the Illustrate to Age field on the Basic Information screen of the Concept wizard Illustrate to age 10 Print Summary fres ane Pr bk Figure 17 Entering Information Spin Buttons Drop Down List o A drop down list presents a list of selections in a drop down menu format o Click on the entry fields down arrow and all selections will be presented to you OR o Click in the entry field and then use your keyboard s up and down arrow keys to move through the selections available o Scroll bars are provided if required Province British Columbia British Columbia Alberta Saskatchewan Manitoba Ontario Quebec New Brunswick Nova Scotia Figure 18 Entering Information Drop Down List Check Box o Enables you to select any combination of alternatives for a group of non exclusive choices Beneficiaries Table Beneficiary Face remm ls a Name Amount charity Local Charity 250 000 10 415 K o When the check box is selected it is usually displayed with a check mark Figure 19 Entering Information Check Box Copyright 1990 2006
65. ases life insurance For comparison purposes this sum is placed in a corporate owned Alternative Investment and allowed to grow over the duration of the life insurance policy Disabled when Options setting is Calculate Investment or Investment Vehicle setting is Periodic Precision Whole numbers only decimal places will be rounded to the nearest whole number 6 Calculate Insurance Premium O O Click on this button to calculate the annual insurance premiums that can be paid from a given lump sum investment ADDCALC will use the payment period from the product you are currently illustrating to arrive at the amount You will need to exit ADDCALC and enter this premium for the specified payment period in your product illustration software Then re load ADDCALC and run this illustration again E Corporate Key Person Protection Concept Specifics Basic Info Corpor abe Investment Tax Hale 4000 4000 Investment Vehicle Periode Options Cecil Inveziment gr Single Pay Rate 5 oo Lump Sum Investment so Calculate Insurance Erem zm Figure 52 Corporate Key Person Protection Concept Specifics Copyright 1990 2006 Page 57 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Employee Shareholder Arrangement The Employee Shareholder Arrangement concept profile consists of the following entry screens 1 Basic Information o General information req
66. at is greater than their ACB but have not yet been sold S scroll bars The shaded bars sometimes displayed at the right and bottom edges of a window or of some types of entry fields The scroll boxes inside the scroll bars indicate your vertical and horizontal location in the document You can use the mouse to scroll to other parts of the document To scroll to another part of the document drag the box or click the arrows in the scroll bar SPDA Single premium deposit account T title bar The coloured bar at the top of each window which displays the program name and other information For ADDCALC wizards the wizard name and the title of the current screen are shown toolbar The row of buttons right below the menu that perform special functions quickly and easily U unrealized Realized means that the underlying securities have been sold for a price exceeding the original purchase price adjusted cost base ACB The term realized should not be confused with unrealized Unrealized capital gains are securities that have a fair market value FMV that is greater than their ACB but have not yet been sold URL An acronym term that describes the location and access method of a resource on the Internet for example the URL http www netlingo com describes the type of access method being used http the protocol and the server location that hosts the Web site www netlingo com the address All Web site
67. ation All Riahts Reserved ADDCALGNET Send an Illustration Send an Illustration Every screen of the Concept wizard for any concept profile will display a toolbar that includes View and Send buttons o Click on the Send button on the toolbar and your email client will be used to generate an email with the current ADDCALC illustration PDF as an attachment o Your client s email address will be placed in the To entry box o Default text will be presented in the email title and body o You can edit or delete this default text o After making your modifications to the email click Send in the email s toolbar OO NOTE o The Send button will only be able to produce an email if your email client supports the MAPI protocol concept sales illustration designed for you Hes oj x File Edit View Insert Format Tools Actions Help Send mj t 4 e Tou mycient home com Gem Bcc __ OE Subject A concept sales illustration designed for you The attached concept sales illustration has been custom designed for you You will require Adobe Acrobat Reader In order to view It FOF Pie Miss Jane Prospec Figure 76 ADDCALC Illustrations Send an Illustration Copyright 1990 2006 Page 92 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET What is the Investor Desktop investor Desktop What is the Investor Desktop The Investor Desktop is a suite of
68. cate that the item is clickable and will perform an action J Joint Photographic Experts Group Used to describe a compression standard set up by that group and now widely accepted for the storage and transmission of colour images The JPEG compression standard reduces the size of image files considerably Messaging Application Programming Interface A standard Windows interface for messaging that enables different mail programs and other mail aware applications like word processors and spreadsheets to exchange messages and attachments with each other As long as the applications are MAPI enabled they can share messages with each other P A pixel is the smallest logical unit of visual information that can be used to build an image Web graphics are pixel based images each individual pixel being a single dot of colour including black and white 72 pixels 1 inch R rate of indexation Annual growth rate Copyright 1990 2006 Page 122 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Glossary RDTOH Refundable tax on hand read only An entry or other form element that is able to be read but not changed realized Realized means that the underlying securities have been sold for a price exceeding the original purchase price adjusted cost base ACB The term realized should not be confused with unrealized Unrealized capital gains are securities that have a fair market value FMV th
69. cceccecescescecescsceccscuscecesceececesceecesescescescscesctscesescescssescasceeens 118 DEDUCT INSURANCE COST FROM AI 119 DISBURSEMENT QUOTAS ER Na E ERATES NEEN 119 Erre TAr 1 Aa A A EE 119 Copyright 1990 2006 Page iv Vortex Business Software Corporation All Riahts Reserved ADDCALGNET TABLE OF CONTENTS MUNIN 119 TELEN MN 120 GLOSSARI ee E E E 121 END USER LICENSE AGREEMENT sssesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesesee 125 INDEN a esta seecesatecdeessavevdacaueectnstaseessaateetecasaveseaaneeseasn 127 Copyright 1990 2006 Page v Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Figure 1 Figure 2 Figure 3 Figure 4 Figure 5 Figure 6 Figure 7 Figure 8 Figure 9 Figure 10 Figure 11 Figure 12 Figure 13 Figure 14 Figure 15 Figure 16 Figure 17 Figure 18 Figure 19 Figure 20 Figure 21 Figure 22 Figure 23 Figure 24 Figure 25 Figure 26 Figure 27 Figure 28 Figure 29 Figure 30 Figure 31 Figure 32 Figure 33 Figure 34 Figure 35 Figure 36 Figure 37 Figure 38 Figure 39 Figure 40 Figure 41 Figure 42 Figure 43 Figure 44 Figure 45 Figure 46 Figure 47 Figure 48 Figure 49 Figure 50 Figure 51 Figure 52 FIGURES FIGURES Installation Choose Setup Language rrnnnvnnnrrnnnnnnnnnnnrrnnnnnnnnrrnnnrnnnnnnnnnssnnnnnnnnnnesnnnn 3 Installation Preparing to Inst
70. cifically for this concept 3 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Calculation Basis o The split is determined by the annual fund growth for the fund value or surrender value or by the net cost of pure insurance for NCPI basis Select Fund value Surrender value or NCPI Use the spin buttons provided with the entry field to make a selection o Inthe first two cases the parent pays the lesser of the growth in the fund for the year or the annual deposit o The child parent for Reverse Split pays the difference if any o For NCPI the child parent for Reverse Split pays the lesser of the NCPI and the annual deposit o The parent child for Reverse Split pays the difference if any 2 Split Type Select either Regular or Reverse Use the spin buttons provided with the entry field to make a selection For Regular the parent pays the fund growth or NCPI and receives the fund value portion at death o For Reverse the child pays the fund growth or NCPI and receives the fund value portion at death E Family Split Dollar Concept Specifics 6 a B Ss Basic Info Concept Spec ice View POF Send POF Calculabon bass Split type Reet O Figure 54 Family Split Dollar Concept Specifics Copyright 1990 2006 Page 61 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Regular Split
71. client through extensive help features Preview Clients may take a preliminary look at key areas of financial concern from their sensitivity to risk to the preservation of their estate The Preview or Quick Concepts section lets them choose from four areas of financial planning that have proven to be of most interest to the average investor They are provided with background information and a thumb nail sketch and calculation of their current and future situation Analyze This is the destination every section encourages a client to visit the Financial Planning Analyzer or FPA The FPA offers a brief yet detailed analysis of key areas of a client s personal financial concerns Based on information clients provide objectives that they identify and their stated assumptions the FPA lets them create their own future The information is provided to them through text tables and graphs and a description of as many financial planning opportunities as apply to their situation The FPA helps to uncover planning opportunities the clients may have previously missed and see if they re on track toward achieving their financial goals Your personal Investor Desktop site will link to your personalized FPA site Copyright 1990 2006 Page 94 Vortex Business Software Corporation All Riahts Reserved ADDCAL NET Investor Desktop Personal Web Site Investor Desktop Personal Web Site Your personal introduction to clients The Investor Deskto
72. comparisons will be concentrating upon the amount and taxation status of withdrawals that can be taken from either the Alternative Investment or the policy In such discussions the relative estate benefits will probably be immaterial and can be ignored In such cases the Alternative Investment may well be the better choice if death benefits are unimportant Disbursement Quotas Donations received by charities must be spent according to a set of rules Known as disbursement quotas which dictate what proportion of the preceding year s donations must be spent by the charity for charitable purposes in the current year The actual proportion depends on the category of the charity Charitable organizations and public foundations must disburse 80 of their income and private foundations must disburse 100 There is an exception to these rules however If the donor stipulates that the charity may not disburse the donation for ten years then the donation is not added to the calculation for the disbursement quota but the donor still gets a receipt in the year the donation is made Therefore in this case the donor must stipulate that the charity may not disburse the donated premiums or substituted property until TEN YEARS after the LAST premium was paid on the policy refer to paragraphs 6 through 8 of Revenue Canada s Interpretation Bulletin IT 244R2 for more details on the Ten Year Rule Investment income is not included in a charity s disbursemen
73. creen o Clicking the View PDF button will display the concept profile illustration in PDF format in a separate window o Clicking the Send PDF button will create an email with the concept profile illustration PDF as an attachment Copyright 1990 2006 Page 25 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard Advisor Wizard The Advisor wizard is accessed by o Clicking the New User button on the Logon screen OR o Clicking the My Settings menu option under the Setup menu on the ADDCALC main screen to edit your existing user account The Advisor wizard consists of the following entry screens 1 User ID Password 2 Contact Information 3 Concept Defaults 4 Logo 5 Web Address With the Advisor wizard you can update the following o Your login information o This is your User ID and or password o Your contact information o Your entries will be shown on the title page of every ADDCALC concept illustration o ADDCALC default settings o Set defaults that will be used in the appropriate concepts illustrations or interface o Your logo o Include your own personal logo on every page of every ADDCALC concept illustration o Your web address o Update your web site URL that will appear on the title page of every ADDCALC concept illustration o Create a personalized Investor Desktop web site with a personalized Financial Planning Analyzer site OO NOTE o When editing an existing use
74. ct illustration software Then re load ADDCALC and run this illustration again E Insured Inhentance Concept Specifics E he D Basic Info Concept Specifics Altemative Invest View PDF Send POF Funding Type frem Certain Areuy Options SpeciyInvestment Single Pay Rate 425 Lump Sum Investment 100 000 Calculate Insurance Premium Gesi 1 d Figure 57 Insured Inheritance Concept Specifics Copyright 1990 2006 Page 67 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Insured Rate of Return The Internal Rate of Return concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Savings Return Calculation o Select Policy Growth Rate to show growth rate as return o Select Internal Rate of Return to show calculated return on total investment o Use the spin buttons provided with the entry field to make a selection JE Internal Rate of Return Concept Specifics PL ap Vase Spectics Savings tem calculatiore Policy Growth Rate Figure 58 Internal Rate of Return Concept Specifics Copyright 1990 2006 Page 68 Vortex Business
75. d do best closing sales and maintaining client relationships Versatile and easy to use the FPA takes full advantage of the flexibility and power of e based technology The site adjusts its scope dynamically to fit the interests of its users and the objectives of its licensees eliminating any wasted effort It can be personalized and managed behind the scenes at both the company and branch level and even by individual advisors Powerful reporting features let you determine usage conversion and demographic statistics for any time period and any group of individuals helping you to plan budgets recruitment and sales growth The potential client initially registers with an FPA Login ID and password From there the client may create a profile of his or her current financial situation by going through the FPA questionnaires The advisor may wish to help the client along by registering the client and pre filling as many entries as possible before extending an invitation to the client to complete the profile The first questionnaire is where the client makes selections to streamline the FPA to suit his or her own situation The client then completes questionnaires designed to identify not only needs but also financial planning opportunities When done the client may explore an analysis of the vital areas of interest that were identified which may include Increasing your retirement and investment income Facilitating the continuation of your busines
76. d in a corporate owned Alternative Investment and allowed to grow over the duration of the life insurance policy Disabled when Options setting is Calculate Investment or Investment Vehicle setting is Periodic Precision Whole numbers only decimal places will be rounded to the nearest whole number 6 Calculate Insurance Premium O O Click on this button to calculate the annual insurance premiums that can be paid from a given lump sum investment ADDCALC will use the payment period from the product you are currently illustrating to arrive at the amount You will need to exit ADDCALC and enter this premium for the specified payment period in your product illustration software Then re load ADDCALC and run this illustration again E Corporate Share Redemption Concept Specifics Si 20 D T Basic Info Concept Spectics Altemative Invest View POF Send PDF Corporate Investment Tax Rate 4000 Investment Vehicle Ped Options Specii Investment Single Pay Rate 590 Lump Sum Investment 0 rs Figure 47 Corporate Share Redemption Concept Specifics Copyright 1990 2006 Page 50 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Corporate Split Dollar The Corporate Split Dollar concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifica
77. e 44 Charitable Insured Annuity Beneficiaries Table Detail Copyright 1990 2006 Page 45 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles BENEFICIARIES TABLE o Enter the name of the beneficiary to receive the benefit of the insurance policy Eg Estate or XYZ Charity Beneficiary Name Face Amount The face amount of the term policy to be dedicated to and owned by this particular charity o Each beneficiary will have a Term to 100 policy assigned to them o Precision Whole numbers only decimal places will be rounded to the nearest whole number Premium The annual or monthly premium of the term policy o The Term to 100 premium for the aforementioned policy o Precision Whole numbers only decimal places will be rounded to the nearest whole number Is a Charity o Press space bar to check uncheck this check box o If you select Yes check then the appropriate tax credits will be applied o Selecting Yes will result in tax savings being calculated for the premiums paid Figure 45 Charitable Insured Annuity Beneficiaries Table Collateral Insurance The Collateral Insurance concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 View Send o View or email the ADDCALC concept illustration PDF Copyright 1990 2006 Page 46 Vortex Business Software Corporation All Riahts Reserv
78. e nearest whole number O O O Oo From Year The policy year in which the income starts Enter or select the policy year in which the client s withdrawals are to begin this should be after the end of the quick pay period o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection to year The policy year in which the income ends Enter or select the policy year in which the last income withdrawal is to be made your maximum is age 100 minus current age o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 80 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 4 Calculation Basis o The split is determined by the annual fund growth for the fund value or surrender value or by the net cost of pure insurance for NCPI basis o Select Fund value Surrender value or NCPI o Use the spin buttons provided with the entry field to make a selection o Inthe first two cases the employer pays the lesser of the growth in the fund for the year or the annual deposit o The employee employer for Reverse Split pays the difference if any o For NCPI the employee employer for Reverse Split pays the lesser of the NCPI and the annual deposit o The employer employee for Reverse Split pays the difference if any 5 Split Participant Select either Employer or Employee this is
79. ed ADDCALGNET Concept Profiles Corporate Buyout The Corporate Buyout concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Asset data required for this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Corporate Investment Tax Rate o Enter the corporation s investment tax rate if unsure use 50 for a corporation o Entry must be between 0 and 100 o Precision Two decimal places Investment Vehicle Select either Periodic deposits or Single Premium deposit Periodic refers to the annual premium of the policy for a specified period of time payment period o Single Premium refers to the use of a single premium deposit account where the prospect invests a lump sum into the account which is then used to pay the annual premiums o Use the spin buttons provided with the entry field to make a selection Options Selections include Specify Investment or Calculate Investment This illustration has the ability to estimate the after tax payout of the Single Premium Deposit Account SPDA based on the lump sum investment and the SPDA rate It can also estimate the lump sum investment required based on the after tax payout of the SPDA which is equal t
80. eposit Account which purchases life insurance For comparison purposes this sum is placed in a corporate owned Alternative Investment and allowed to grow over the duration of the life insurance policy Disabled when Options setting is Calculate Investment or Investment Vehicle setting is Periodic Precision Whole numbers only decimal places will be rounded to the nearest whole number 6 Calculate Insurance Premium O O Click on this button to calculate the annual insurance premiums that can be paid from a given lump sum investment ADDCALC will use the payment period from the product you are currently illustrating to arrive at the amount You will need to exit ADDCALC and enter this premium for the specified payment period in your product illustration software Then re load ADDCALC and run this illustration again E Coporate Buyout Concept Specifics D 20 D T Basic Info Concept Specifics Alternative Invest View PDF send PDF Corporate Investment Tax Rate an 00 amp Investment Vehicle Point 2 Options z Single Paw Aate Kanz Lump Sum Investment Calculate Insurance Premtim lt n ds Figure 46 Corporate Buyout Concept Specifics Copyright 1990 2006 Page 48 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Corporate Share Redemption The Corporate Share Redemption concept profile consists of the following entry screens 1 Basic Info
81. er Concept Defaults settings found in the Advisor wizard Concept Defaults screen 1 Rate or Rate Spread o This percentage is added to the policy projected growth rate to arrive at the Alternative Investment growth rate o Depending on the concept the terminology will vary as follows o Rate Spread If a range of rates has been passed to ADDCALC from the product illustration software then the spread rate will be applied to each of those rates for the years in which those rates will be in effect o Rate Rate is for concepts that use a flat term product that would have no growth rate on which to base a spread o In either case all rates used and the years that they are used in will be displayed on the Concept Assumptions page of the ADDCALLC illustration Precision Two decimal places Entry must be between 0 and 4 Copyright 1990 2006 Page 38 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Common Screens 2 Alternative Investment Growth Components O O O The following entry fields must total 100 Precision entries should be whole numbers only no decimals The effective tax rate will be shown on the Concept Assumptions page of the ADDCALGC illustration see effective tax rate in the More Information chapter on page 119 Interest Portion o The portion of the growth of the Alternative Investment Al that is taxable as interest If the Al is a GIC or fixed income interest based investment like bond
82. esence and successfully complete the Investor Desktop 3 Step Setup wizard only once After you have done this you can update your settings for both your Investor Desktop site and your Financial Planning Analyzer site from the Investor Desktop advisor back office Click the Finish button to save your entries and close the Advisor wizard The ADDCALC main screen will be displayed HE Add new Advisor Web Address li you akeady have a web ste then enter its URL manually below lf you don t pet have a web ste then you can sign up for free month trial of Vortex s Investor Desktop web presences for financial advisors To signup click on the Create Web Presence button Web address imi manebate com NOTE The link you enter vil be automatically included in te PDF files that pou create for pour clients For more information om Investor Desktop click the URL below Figure 34 Advisor Wizard Web Address Copyright 1990 2006 Page 33 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Prospect Wizard Prospect Wizard The Prospect wizard is accessed on the ADDCALC main screen in one of two ways o Clicking the Create button to create a new prospect profile OR o Selecting an existing prospect profile in the prospect profile list and then clicking the Open button The Prospect wizard consists of the following 1 First Name o Enter the prospect s first name here 2 Last Name
83. eserved ADDCALGNET Common Screens CO NOTE o The Alternative Investment screen is included with a concept profile where applicable View Send The View Send screen consists of the following 1 View o Clicking the View button will display the concept profile illustration in PDF format in a separate window o Adobe Reader is required in order to view the PDF o Once opened as a PDF the illustration can be printed or saved to your hard drive 2 Send o Clicking the Send button will create an email with the concept profile illustration PDF as an attachment o The email is created using your email client CO NOTE o Remember to click the Finish button on the View Send wizard screen to save your new concept profile The View Send screen only appears when a new concept profile is being created This screen is replaced by the Concept wizard s toolbar View PDF and Send PDF buttons when an existing concept profile is being edited Income Generator Yiew Send View PDF file using Adobe Acrobat Reader Di View Emad POF using pour Email chert f Send Figure 39 Concept Profile View Send Copyright 1990 2006 Page 40 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Annuity Estate Maximizer The Annuity Estate Maximizer concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Alternative Invest
84. ferent illustrations this can also provide focus for sales training and sales promotion activities What does ADDCALC do o Operates in conjunction with your product illustration software o ADDCALC is a back end product that you access through your company software In this way ADDCALC is able to utilize figures entered in your company software o Creates a sales illustration o ADDCALC takes the figures produced by your company illustration software and turns your company s product illustrations into effective sales illustrations with powerful graphics support by rearranging the figures and adding concept and tax information o Provides the capability to display and print sales illustrations o ADDCALC provides descriptive text numerical ledger information and where applicable charts o The illustration is provided in a printable professional PDF format that can be customized to include your advisor contact information and logo o Shifts emphasis o ADDCALC shifts the emphasis of the sale from having the lowest premium to having the best solution to the prospect s needs o Compares investment strategies o ADDCALC illustrates the effectiveness of life insurance as a financial instrument by unbundling the policy and comparing its separate elements with other investment strategies Copyright 1990 2006 Page 1 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET o Provides sales concepts that cover new and traditional mar
85. g D default A standard setting used in the absence of any user specified alternative The setting can be changed as the user sees fit disable To turn a function or button off or to prevent something from happening Disabled menu commands or buttons are shown as greyed out to indicate that they are not available They cannot be selected and are only available enabled in certain situations E effective tax rate The formula used to calculate the effective tax rate for the income Effective rate 1 25 x Client s marginal rate 0 20 where the client s marginal rate would be expressed as a decimal percentage eg 0 50 email client An email client is a computer program that is used to read and send email In addition to email clients there are also web based email programs such as Hotmail Copyright 1990 2006 Page 121 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Glossary enable GIC To turn a function or button on or allow something to happen When a function or button is enabled it is available G Guaranteed investment certificate An interest bearing certificate of deposit The investor commits funds for a specific period of time and earns a fixed rate of interest for that period H hotspot JPEG MAPI pixels A hotspot is specially formatted text that performs an action when clicked When d you move your mouse over a hotspot the pointer changes to indi
86. g Box Both the Open and Save dialog boxes work identically 1 Use the Look in drop down list to choose a drive and folder 2 The Files of type drop down list displays the default file type for the active application but you can select another type 3 Double click the file you want to open save or click on the file and select the Open Save button Mise Jane Prospect Income Generator pdt Mise Jane Prospect Income Shelter od This area shows the subfolders and files in the selected folder Double click a folder or file to open it Mu Computer a Object name bio Network P Objects of type Adobe PDF Files pdf Cancel E Figure 13 Windows Open Save Dialog Box Open Save dialog box features Go to last folder visited Move up one folder level Create new folder View menu click to select an option in the drop down menu 1 Large Icons 3 List 5 Thumbnails 2 Small Icons 4 Details In the Open dialog box this button is Open In the Save dialog box it is Save Figure 14 Open Save Dialog Box Features Copyright 1990 2006 Page 13 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Entering Information Entering Information Entry fields in ADDCALC wizards can provide different ways to make your entries Some entry fields simply require a typed text or numerical entry Others provide a list of items from which you make your selection these types
87. glish or French Use the drop down list provided with the entry field to make a selection The change in user interface language will come into effect the next time you login to ADDCALC 2 Print Language O Select the language that you would prefer to be used in generated ADDCALC illustrations Select English or French Use the drop down list provided with the entry field to make a selection Should you wish to set an individual concept to print in a language other than the default you ve entered here you would change the Print Language selection on that concept s Basic Information screen in the Concept wizard Copyright 1990 2006 Page 29 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard 3 Capital Gains Inclusion Rate o The portion of a capital gain that is subject to income tax o Precision Two decimal places o Entry must be between 0 and 100 4 Default Tax Rate The prospect s marginal tax rate Adjust this default setting to your client s actual combined federal provincial personal income tax rate o This default can be overwritten for an individual concept in the Concept wizard o Entry must be between 0 and 100 o Precision Two decimal places 5 Default Corporate Tax Rate o Enter the corporation s investment tax rate on business income here if unsure use 50 for a corporation o In cases where there are taxes to be applied to investments that yield interest or capital g
88. h Entry must be between 0 and 100 Precision Two decimal places Copyright 1990 2006 Page 76 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 2 Options o This illustration has the ability to estimate the after tax payout of the funding instrument based on the initial investment and the annuity rate o Itcan also estimate the initial investment required based on the after tax payout of the funding instrument and the annuity rate Selections available Specify RRIF Premium or Calculate RRIF Premium Use the spin buttons provided with the entry field to make a selection Use information from your software the default or Calculate RRIF Premium Obviously information from your software will be the most accurate 3 RRIF single premium Enter the actual deposit single premium applied to the RRIF ADDCALC will calculate the payout on a before amp after tax basis This ADDCALC concept will supply you with a basic RRIF quote 1991 rules i e to expire at age 90 for the purposes of this concept illustration o However we recommend you also obtain a separate RRIF quote for the formal RRIF product presentation o Precision Whole numbers only decimal places will be rounded to the nearest whole number 4 RRIF rate o Use the projected fund rate from your illustration software o Normally you will want to use the same rate of interest on the RRIF as was applied to the insurance policy fund
89. he concept name and description will appear in the concept profile list Copyright 1990 2006 Page 23 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Main Screen 2 View your Concept Profiles A listing of all created concepts can be viewed in the concept profile list Click on a prospect name in the prospect profile list to view all concept profiles created for that prospect o This concept profile list is entitled Saved profiles for name of selected prospect here A prospect profile must be created prior to creating any concept profiles The concept profile buttons will remain disabled until at least one prospect profile exists The concept profile Delete and Open buttons affect the concept profile that is currently selected highlighted in the concept profile list 3 Edit a Concept Profile O Select a prospect for the concept profile o Click once on a prospect name in the prospect profile listing to select it to be associated with the concept you are about to create Open a concept profile by o double clicking the desired concept name in the concept profile list OR o selecting the concept name in the concept profile list and clicking the concept profile Open button The Concept wizard will provide access to your concept profile entries Click Finish when you have completed your updates in the wizard o The Concept wizard will close o You will be returned to the ADDCALC main screen 4 Delete
90. hor associated them with the topic Full text searches only find topics containing the actual word or phrase that was entered in the Search or Find field Favourites The Favourites tab provides quick links to topics you frequently access The Favourites tab divides the navigation pane into two smaller panes Click the Add button in the lower pane to add the current topic to your list of favourites Click Display in the upper pane to show a favourite topic in the topic pane Glossary The online Glossary provides a list of terms and definitions related to ADDCALC and the terminology used in this help file The Glossary tab divides the navigation pane into two smaller panes Click a term in the top pane and see a corresponding definition in the lower pane E HTML Help e gt Hide Back Forward Print Contents Index l Search Favorites G4 Introduction Using ADDCALC Concept Profiles Figure 83 Using ADDCALC Help The Help Navigation Pane Tabs Copyright 1990 2006 Page 103 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Help Topic Pane Help Topic Pane The Help Topic pane is displayed on the right side of the Help browser window Topic content is shown with scroll bars provided for further viewing The keyboard Page Up and Page Dn keys may be used instead of the scroll bars Hotspots A hotspot is specially formatted text that performs an action when clicked When you move your mou
91. ing the Send PDF button will create an email with the concept profile illustration PDF as an attachment o The email is created using your email client OO NOTE o The toolbar is only shown when editing an existing concept profile o The View and Send buttons included with this toolbar will replace the View Send screen shown when a concept profile is being created HE Corporate Buyout Concept Specifics Ki G Concept Specifics Alternative Invest i Basic Info To View POF Send PDF Figure 36 Concept Wizard Toolbar Copyright 1990 2006 Page 36 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Common Screens Concept Profiles Common Screens The Concept wizard consists of different screens depending on the concept Some of these screens are common to every concept as in the case of the Basic Information and the View Send screens The Alternative Investment screen is included in the Concept wizard where applicable These common screens are described below Basic Information The Basic Information screen consists of the following 1 Tax Rate The prospect s marginal tax rate Adjust this default setting to your client s actual combined federal provincial personal income tax rate o Entry must be between 0 and 100 o Precision Two decimal places 2 Illustrate to Age o This concept profile illustration will end at the insured s age entered here
92. ion year due to the deemed disposition of the shares of the operating company The maximum that can be received as capital dividend by the estate of the deceased on the purchase for cancellation of its shares however is limited to 33 1 3 of the gain deemed realized by the deceased This means any additional dividends resulting from the corporate repurchase for cancellation are classified as ordinary dividends These dividends are now taxable to the estate Copyright 1990 2006 Page 120 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Glossary A attachment Attachments are files that are not part of the email proper but are sent with the email C case sensitive A phrase used to describe whether letters typed in uppercase capitals are distinguished as being different entries from those typed in lowercase Some computer programs and network services are case sensitive meaning XYZ is considered different data than xyz or XYZ for example On most systems the software controlling passwords is case sensitive making it harder for an unauthorized user to guess a password check box Enables users to select any combination of alternatives When the check box is selected it is usually displayed with a check mark Check boxes can represent a group of non exclusive choices context sensitive Context sensitive help provides documentation for the particular feature that you are in the process of usin
93. itable Insured Annuity Concept method of setting up a Buy Sell Agreement between shareholders of small Colateral Insurance private corporation The proceeds of the corporate owned policies are paid through LC Corporate Buyout Concept the corporate dividend account to the suring shareholders to fund the buy aut 21 Corporate Buyout The user may select Single Premium deposit or Periodic deposits 2 Conmorate Buyout Synopsis 5 Corporate Buyout Detal J Synopsis 9 Corporate Buyout Ledgers o Detail 2 Corporate Buyout Charts g E Cope ke Ledgers gt Corporate Insured Retirement o Charts Corparale Key Person Protection Corporate Share Redemption gt Lopoeate Split Dollar option 4080 1005 Ke Employee Shareholder sl Yoter Business Software Corporation All Rights Reserved Figure 85 Using ADDCALC Help Help on ADDCALC Concepts Copyright 1990 2006 Page 106 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Concept Categories Overview Concept Categories There are 7 categories and 28 concepts in ADDCALC Some concepts may have been disabled by your company and so are not available Other concepts may be included in your version of ADDCALC that are not in this list they are custom concepts specifically for your company Concept categories 1 Estate Planning Tax Planning Retirement Planning Corporate Insurance Pension Estate Maximization Charitable Giving no
94. ith any contact information you entered in the ADDCALC advisor wizard Step 3 My Personalizations My Personal Web Site o My Home Page Message o Use the default text provided or start from scratch to create your home page message o My Photo o Your photo will appear on your Investor Desktop home page o My Logo o Your logo will appear on every FPA and Investor Desktop Personal Web Site page My Financial Planning Analyzer o My Financial Advisor Reference o The FPA contains several generic references to a n financial advisor You may replace these references with any one of the personalized options offered as an option o My introductory Message o The FPA Main page opens with a standard introduction following which you may include a brief personal message Customize the default message provided or start from scratch if you prefer bearing your company s compliance regulations in mind o My Closing Message o The FPA Finish page also opens with a standard introduction Since this page allows the prospect to submit a parting comment or question to you take this opportunity to re introduce yourself to your prospects and prompt them to action o My Privacy Message o Link to an external privacy page or specify the text on your own privacy page Copyright 1990 2006 Page 96 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Investor Desktop 3 Step Wizard Finish o A link to the URL for your personal
95. ity Estate Maximization o Compares an insurance product and Alternative Investment Al for estate maximization purposes o For the older client with surplus pension income this concept provides a tax effective program to maximize bequests 2 Insured RRIF o Shows how to preserve the value of a Registered Retirement Income Fund for the estate of the insured by insuring the tax of the Registered Retirement Income Fund RRIF balance at death o A comparison is made between an insured RRIF and an uninsured RRIF for estate benefit purposes 3 RRIF Estate Maximizer o Provides an estate benefit comparison between the insurance policy and an Alternative Investment o For those with surplus retirement income and a wish to transfer some RRSP capital tax free to beneficiaries on death Copyright 1990 2006 Page 110 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Miscellaneous Concepts Miscellaneous Concepts 1 Internal Rate of Return O O Shows a detailed analysis of the annual insurance cost in a Universal Life or Term to 100 side fund policy and an independent appraisal of internal rate of return on the savings element Calculates the internal rate of return of savings portion and estate benefit 2 Family Split Dollar O Provides information for parents wishing to help their adult children by helping them to purchase a life insurance policy This illustration can be split on any of the following
96. ity payout respectively o Use the spin buttons provided with the entry field to make a selection Annuity Income o The monthly or annual gross pre tax income from the SPIA Life 0 prescribed annuity o Precision Whole numbers only decimal places will be rounded to the nearest whole number Term Premium o The monthly or annual taxable portion of the annuity payments the premium for the Term to 100 policy o The portion of the pre tax income from the Life O prescribed annuity that is taxable at the individual s marginal tax rate o Precision Whole numbers only decimal places will be rounded to the nearest whole number Al Rate Normally the same as the projected fund growth rate for your policy ADDCALC uses this percentage to calculate the Alternative Investment Al figures for comparison purposes It is recommended to use a similar interest rate for the Al as you use for the insurance policy growth projection if applicable o Precision Two decimal places Investment o The amount of non registered funds lump sum invested into the annuity o Precision Whole numbers only decimal places will be rounded to the nearest whole number Taxable Portion o The monthly or annual taxable portion of the annuity payments o Precision Whole numbers only decimal places will be rounded to the nearest whole number Copyright 1990 2006 Page 65 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profile
97. ium and the SPDA rate The default will be the information from your company software this will be the most accurate information o If you wish to have ADDCALC estimate the lump sum investment from the after tax payout premium and the SPDA rate select Calculate Investment o Ifyou wish to have ADDCALC estimate the after tax payout from the lump sum investment and the SPDA rate then select Calculate Premium o Available for Single Premium only Disabled when Investment Vehicle setting is Periodic o Use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 56 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 4 Single Pay Rate The rate provided for the single premium deposit account SPDA ADDCALC uses this percentage to calculate the after tax annuity payout from the lump sum investment or calculate the lump sum investment from the after tax SPDA payout If neither calculation is requested then the percentage will simply appear at the top of the illustration Available for Single Premium only Disabled when Investment Vehicle setting is Periodic Precision Two decimal places o Entry must be between 0 10 and 100 5 Lump Sum Investment O The amount initially invested by the insured into the selected funding instrument the lump sum amount invested by the company in an Alternative Investment or a Single Premium Deposit Account which purch
98. k on the Maximize button on the ADDCALGC title bar or 3 Select Maximize from the application control menu Restore o Restore a maximized window to return to its previous size and location o The Restore button command is only available when the window is maximized 1 Double click on the ADDCALC title bar or 2 Click on the Restore button on the ADDCALLC title bar or 3 Select Restore from the application control menu Copyright 1990 2006 Page 11 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Window Manipulation Close O To close the ADDCALC window or the active dialog box 1 Click on the Close button on the ADDCALGC title bar or 2 Double click the control menu box or 3 Select Close from the application control menu or 4 Select Exit from the File menu or 5 Use the keyboard ALT F4 closes ADDCALC or dialog box Size You can size the ADDCALG screen to your requirement A maximized window cannot be sized or moved the Size and Move commands on the application control menu are unavailable if you maximize the window 1 Mouse action i Move the mouse pointer to any border the mouse pointer will become a two headed arrow ll Press the left mouse button and drag the border to the size you wish 2 Select Size from the application control menu i A four headed arrow is displayed so you can size the active window with the arrow keys ii After the pointer changes to the four headed arrow 1 Keyboard Press
99. kets for insurance products o ADDCALC provides the reasons and means for agents to sell in diversified and higher income markets by identifying new prospects and providing the necessary need concept and tax information to make informed and effective presentations o ADDCALC provides strong support for traditional markets as well o Aids due diligence o ADDCALC protects companies and agents from growing concerns about the lack of full disclosure and due diligence by providing concept and tax information with the illustration ADDCALC Overview All of the ADDCALC concepts are at your fingertips on the Create dialog screen Create a concept profile This screen is accessed from the ADDCALC main screen via a Create button once a client profile has been created You can select any of the concepts displayed in the list and a brief description of that concept will be presented to you If you are not sure which concept you want to use and want to view samples just login with the sample login to be presented with a list of sample concept profiles No more having to read pages and pages of text on what categories to fill in now you can view a completed presentation or get ideas from the summary screen ADDCALC s Help will also provide you with an outline client profile financial plan or the recommended solution for each concept With ADDCALG created client profiles and any created concept profiles associated with them are available to you in the
100. ktop site into a personal web site of their own and equip themselves with a versatile financial services portal presented in their own image and their own words This portal and the powerful applications arrayed behind it empower consumers to become involved in formulating investment strategies selecting products and services and evaluating alternatives At the same time consumers clarify their financial services needs to their advisor instantly and seamlessly Investor Desktop tools Investor Desktop personal web site Investor Desktop 3 Step Setup wizard Financial Planning Analyzer O O O E Copyright 1990 2006 Page 93 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Investor Desktop Tools Investor Desktop Tools The Investor Desktop offers a visitor the opportunity to learn calculate preview or analyze Each segment of the site is designed to create interest arouse curiosity and encourage the visitor to complete the Financial Planning Analyzer Learn Clients may read about the many investment products they can choose from including the great variety of mutual funds currently available They are presented with brief descriptions covering most of the popular investments including fixed income stocks mutual funds and life insurance Calculate Easy to use calculators help clients determine what they need to do to get where they want to be Each calculator describes exactly what it does and assists the
101. lly for this concept 3 View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Calculation Basis o The split is determined by the annual fund growth for the fund value or surrender value or by the net cost of pure insurance for NCPI basis o Select Fund value Surrender value or NCPI o Use the spin buttons provided with the entry field to make a selection o Inthe first two cases the employer pays the lesser of the growth in the fund for the year or the annual deposit o The employee employer for Reverse Split pays the difference if any o For NCPI the employee employer for Reverse Split pays the lesser of the NCPI and the annual deposit o The employer employee for Reverse Split pays the difference if any 2 Split Type Select either Regular or Reverse Use the spin buttons provided with the entry field to make a selection For Regular the employer pays the fund growth or NCPI and receives the fund value portion at death o For Reverse the employee pays the fund growth or NCPI and receives the fund value portion at death Copyright 1990 2006 Page 51 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Be Com orate Split D ollar Concept Specifics DE ET Ro TE Bi View PDF Send POF Figure 48 Corporate Split Dollar Concept Specifics Corporate Insured Annuity The Corporate Insured An
102. luding the web address URL you have just entered Copyright 1990 2006 Page 97 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Investor Desktop Back Office NOTE o Please bookmark or in some other way note the URL s that are provided as your personal Investor Desktop and FPA sites These URL s cannot be accessed again via ADDCALC unless you save the URL in the web address entry field of the Advisor wizard o Anew web presence will be created each time you go through the Investor Desktop 3 Step Setup Wizard you cannot update your existing personal web site in this way Click Create Web Presence and successfully complete the Investor Desktop 3 Step Setup Wizard only once After you have done this you can update your settings for both your Investor Desktop site and your Financial Planning Analyzer site from the advisor Investor Desktop back office Welcome bo the Investor Desktop 3 Step Setup Wizard The role of the Investor Desktop suite of tools 15 to bring together you and your clients both present and future Simply provide minimum of basic information and you will be ready to go with your own personal web site and the powerful Financial Planning Analyzer Use this wizard to create 4 new Investor Desktop web presence with a minimum of steps If you would like to personalize an existing web presence instead please visit the Investor Desktop Back Office Figure 79 Investor Desktop 3
103. ment o Information required for the Alternative Investment that will be compared to this concept 3 View Send o View or email the ADDCALC concept illustration PDF Capital Dividend Account The Capital Dividend Account concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 View Send o View or email the ADDCALC concept illustration PDF Capital Gains Protector The Capital Gains Protector concept profile consists of the following entry screens 6 Basic Information o General information required for every concept 7 Concept Specifics o Information required specifically for this concept 8 Asset Table o Asset data required for this concept 9 View Send o View or email the ADDCALC concept illustration PDF Copyright 1990 2006 Page 41 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Concept Specifics The Concept Specifics screen consists of the following 1 500 000 Exemption o The remaining tax exemptions available under the 500 000 Canadian small business and farm property capital gains exemption o Precision Whole numbers only decimal places will be rounded to the nearest whole number r TEL i Lex Leh View PDF Send PDF Figure 40 Capital Gains Protector Concept Specifics Copyright 1990 2006 Page 42 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET
104. mple someone somewhere com Copyright 1990 2006 Page 28 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard OO NOTE o indicates a required field o Your contact information will be shown on the cover page of every ADDCALC illustration Add new Advisor Contact Info Business Mame My Company 000 First Name ohn Last Mame fadis CU Harite Mr Address 1 P234 Main Steet Address 2 3d Feo City iacowver o Province fertishCombia Postal Code Wa Tv Phone 1 604 8781234 e4123 Phone 2 foer 604 878 5678 Fax feduerasn Email fiohriadvisor imycompary com Figure 32 Advisor Wizard Contact Information Concept Defaults The Concept Defaults screen sets defaults for the appearance of ADDCALC and or ADDCALLC illustrations This screen also provides default settings for a number of figures used in many of the concepts These entries are defaults only all entries with the exception of user interface language and the capital gains inclusion rate are available where applicable when editing or creating a concept they can be set to entries of your choosing in the Concept wizard Your entries in the Concept wizard will simply overwrite your default settings for that specific concept profile The Concept Defaults screen consists of the following 1 User Interface Language O O O Select the language that you would prefer to be shown on ADDCALC screens Select En
105. nd Porhorc Default AlI Capital Gare Porio Default 4 Unreslized Capital Gains Portion aj a 2 G t H at Figure 33 Advisor Wizard Concept Defaults Copyright 1990 2006 Page 32 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard Web Address The Web Address screen consists of the following 1 Web Address o Optional Enter the complete URL of your web site that you would like to have shown on the cover page of every ADDCALLC illustration o Please be careful to enter the complete address including http and other relevant characters or the link may be broken o Gd http www mywebsite com Create Web Presence o If you don t yet have a web site then you can sign up for a free six month trial of a Vortex s Investor Desktop web presence for financial advisors Your personal web site is created using the Investor Desktop as a template You will be able to include your own personal text contact information logo and photo Your name will be used as a part of the web site URL The Investor Desktop will link to your personalized version of the Finanical Planning Analyzer o Click the Create Web Presence button to go through the quick start Investor Desktop 3 Step Setup wizard OO NOTE O A new web presence will be created each time you go through the Investor Desktop 3 Step Setup wizard you cannot update your existing personal web site in this way Click Create Web Pr
106. ness Software Corporation All Riahts Reserved ADDCALGNET Help on ADDCALC Concepts Help on ADDCALC Concepts The opening screen of the Help Content displays a directory of the top level categories represented as books in the Contents tab of the navigation pane Double click a book to view its contents of subfolders and or topics An open folder or subfolder is represented by an open book A topic is represented by a page with a question mark Detailed information on each of the ADDCALC concepts is found under the Concept Detail folder The Overview directory provides general information on the markets that are targeted by ADDCALC concepts Each specific concept will contain the following o Synopsis o Financial Plan o Client Profile o Recommendation s Detail description Explanation of the ledger columns for that concept Explanation of the chart s for that concept if applicable E HTML Help s Hide Back Foward Print GE uge 4 7 Contents Index Search Favorites sall Previous Next m J Huser SR HR SR wi e C Concept Detal 7 B dvisor Wizard Weed WzadU Wizard C WzadC Weardl Wand Overview S Policy Topics Annuity Estate basimiza Co nce pt Capital Dividend Account Concept j z Capital Gaine Protector CORPORATE BUYOUT Chantable Annuity Concept Chaiitable Insurance Concept Compares an insurance policy and an Altematme Investment for buyout purposes AQ Char
107. new business o ADDCALLC illustrates splits between the RCA trust and the employer or employee on a cash value fund value or NCPI basis 7 Tax Sheltered Income Stream o Provides a withdrawal plan showing advantage comparisons of investments in Universal life policies with other investments o The withdrawals are calculated to leave just enough money in the fund to continue to pay the premiums until death o The income may be indexed Copyright 1990 2006 Page 108 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Corporate Insurance Corporate Insurance 1 Capital Dividend Account o For agents working in the corporate market o Shows the portions of tax free and taxable estate benefit for private corporation owned life insurance o The adjusted cost basis ACB portion of the death proceeds is shown as a percentage Collateral Insurance o Illustrates how for collateral insurance cases a portion of the annual mortality charges may be eligible for income tax relief if certain conditions are met o Calculates annual tax savings Corporate Buyout o Amethod of setting up a Buy Sell Agreement between shareholders of a small private corporation Compares an insurance policy and an Alternative Investment for buyout purposes The proceeds of the corporate owned policies are paid through the Corporate Dividend Account to the surviving shareholders to fund the buy out o The user may select Single Premium deposi
108. nnnrrrrrnnnrrnnnnnnnssennrnnnnsnnnee 64 Insured Annuity Concept Specifics rrrrrnnrrnnrrrrrrrnnnnnrrrrnrrrnnnnnnrrrrnnnrrnnnnnnsrnnnnrnnnnsnnnee 66 Insured Inheritance Concept Gpecifce 67 Internal Rate of Return Concept Specifics nnneno000annnnneooeeennnnnnnonernnnnnneennennnnnnn 68 Insured Retirement Concept Gpecfce 70 Insured RRIF Concept Specifics ccccccccccecccsessseeeeeeeeeeeeseseceeeeessaeesseeeeeeeessaaeeeeeeees 72 Leveraged Corporate Insured Annuity Concept Gpecfce 73 Leveraged Corporate Insured Annuity Tax Table 0nnnnnnnnnnnennnnnnnnnnnnnnnnnesnnrn nenene 74 Leveraged Corporate Insured Annuity Tax Table Dera 74 Retirement Compensation Arrangement Concept Gpechce 76 RRIF Estate Maximizer Concept Specifics rrrrrrrnnnvnnnnnrrrrrrnnnnnnnnnrrnneveennnrrrrrnnnnnnnnn 78 Secular Trust Concept Specifics rrrrrrrnrrrnnnnnnnorvnvrrnnnnnnrrvnnrrnnnnnnnssrnnnnnnnnnssnrnnnnnnnnnn 79 Split Dollar RCA Concept Specifics 2 0 eee ccccccccccseeeeeeeeeeeceeeeeeeeeeeeeseeaeseeeeeeeesaaaaees 81 Tax Sheltered Income Stream Concept Specifics rrrrrrrrrnnrrnnnnrrrrvrvnrrrnnrrrrrrennrrnnnnn 83 ADDCALLC Illustrations View the Ilusiraton 84 ADDCALLC Illustrations Cover Page 86 ADDCALC Illustrations Summary Page n00000nnnnnnannnnnnnnnnennnnnnnensrnnnrrnnsennnrereeennne 87 ADDCALLC Illustrations Detailed Description rrrrrrnnnrnnrnnnnnnnvrnrnnnnnnvnnrnnnnnennnnnnnnenn 88 AD
109. nt and allowed to grow over the duration of the life insurance policy Disabled when Options setting is Calculate Investment or Investment Vehicle setting is Periodic Precision Whole numbers only decimal places will be rounded to the nearest whole number 6 Calculate Insurance Premium O Click on this button to calculate the annual insurance premiums that can be paid from a given lump sum investment ADDCALC will use the payment period from the product you are currently illustrating to arrive at the amount You will need to exit ADDCALC and enter this premium for the specified payment period in your product illustration software Then re load ADDCALC and run this illustration again E E mployee Shareholder Concept Specifics P Concept Spectics EE View PF ch Corporate Irvestment Tax Rate 4000 Investment Vehicle Periode 3 Options Single Pay Rate Lume sum Investment at En ie Copyright 1990 2006 Page 59 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Figure 53 Employee Shareholder Concept Specifics Copyright 1990 2006 Page 60 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Family Split Dollar The Family Split Dollar concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required spe
110. nt income repayable at death use maximum deposits for as long as possible 2 Income Generator o Provides a withdrawal plan illustration comparing results from a Universal life or T100 side fund policy with a genuine buy term amp invest the difference concept o Makes income and estate benefit comparisons between the insurance policy and an Alternative Investment o The income may be indexed 3 Insured Retirement o Shows how to use the fund value of a universal life policy as a source of tax free loans in lieu of income repayable at death o The loan is shown as an offset from the fund value o The income may be indexed 4 Retirement Compensation Arrangement o Shows a plan under which an employer makes contributions to a trust for the benefit of an employee upon retirement o Compares a traditional Alternative Investment with a life insurance policy for the purpose of generating after tax pension income 5 Secular Trust o Illustrates how a life insurance policy can be used to create a retirement planning alternative to a Retirement Compensation Arrangement The client will most likely be a major shareholder in the company but does not have to be Makes income and estate benefit comparisons between the insurance product and an Alternative Investment o The income may be indexed 6 Split Dollar RCA o These funding arrangements have added to the attractiveness of life insurance as a funding vehicle for this growing source of
111. nuity concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept Tax Table o Tax information required for this concept View Send o View or email the ADDCALC concept illustration PDF Copyright 1990 2006 Page 52 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Concept Specifics The Concept Specifics screen consists of the following 1 Corporate Tax Rate o Enter the corporation s marginal tax rate on business income here if unsure use 50 for a corporation o In cases where there are taxes to be applied to investments that yield interest or capital gains income then the federal refundable investment income surtax of 6 67 will automatically be added to the rate you enter here o This extra tax will go into a refundable dividend tax on hand RDTOH account which the corporation will get back when dividends are paid out to shareholders o Precision Two decimal places o Entry must be between 0 and 100 Capital Tax Rate o The corporation s combined federal and provincial capital tax rate o Precision Three decimal places o Entry must be between 0 and 3 Annuity Rate The annuity rate specified by the is
112. o Entry must be between 0 and 100 o Precision Two decimal places 5 RRIF owner o Select the owner of the RRIF o This will determine the minimum withdrawals required o Use the spin buttons provided with the entry field to make a selection 6 Calculate Insurance Premium o Click on this button to calculate the annual insurance premiums that can be paid from a given lump sum RRIF single premium o ADDCALC will use the payment period from the product you are currently illustrating to arrive at the amount o You will need to exit ADDCALC and enter this premium for the specified payment period in your product illustration software o Then re load ADDCALC and run the RRIF Estate Maximizer again Copyright 1990 2006 Page 77 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles FIRRIF Estate Maximizer Concept Specifics Tan rate at death mmk Options Specily Investment RRIF single premium 250 000 RRIF rate B00 RRIF owner fell To Do RRIF Owner Calculate Insurance Premium en EG Figure 65 RRIF Estate Maximizer Concept Specifics Secular Trust The Secular Trust concept profile consists of the following entry screens 1 Basic Information o General information required for every concept 2 Concept Specifics o Information required specifically for this concept 3 Alternative Investment o Information required for the Alternative Investment that will
113. o Use the projected fund rate from your illustration software o Normally one would use the same interest rate for projecting the RRIF calculation o ADDCALC will use this to calculate the RRIF figures o Entry must be between 0 and 100 o Precision Two decimal places RRIF single premium The amount originally invested into the RRIF Enter the single premium to be applied to the RRIF ADDCALC will calculate the payout on a before amp after tax basis Precision Whole numbers only decimal places will be rounded to the nearest whole number RRIF Duration o Enter the duration of the RRIF here in years after which the RRIF will be exhausted o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection o The RRIF duration cannot exceed age 100 RRIF payout type Select Minimum or Level If you select Level and ADDCALC calculates the RRIF figures for you then level payouts will be calculated otherwise a minimum payout schedule will be calculated o Use the spin buttons provided with the entry field to make a selection O O O Copyright 1990 2006 Page 71 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 6 RRIF owner o Select the owner of the RRIF This will determine the minimum withdrawals required o Use the spin buttons provided with the entry field to make a selection JS Insured RRIF Concept Specifics Term premiun
114. o the annual premium and the SPDA rate The default will be the information from your company software this will be the most accurate information o If you wish to have ADDCALC estimate the lump sum investment from the after tax payout premium and the SPDA rate select Calculate Investment o Ifyou wish to have ADDCALC estimate the after tax payout from the lump sum investment and the SPDA rate then select Calculate Premium o Available for Single Premium only Disabled when Investment Vehicle setting is Periodic o Use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 47 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 4 Single Pay Rate O O The rate provided for the single premium deposit account SPDA ADDCALC uses this percentage to calculate the after tax annuity payout from the lump sum investment or calculate the lump sum investment from the after tax SPDA payout If neither calculation is requested then the percentage will simply appear at the top of the illustration Available for Single Premium only Disabled when Investment Vehicle setting is Periodic Precision Two decimal places Entry must be between 0 10 and 100 5 Lump Sum Investment O The amount initially invested by the insured into the selected funding instrument the lump sum amount invested by the company in an Alternative Investment or a Single Premium D
115. of entries use spin buttons or drop down lists Buttons are sometimes used to browse for a file that will then be uploaded o Use the Tab key on your keyboard to move through the controls on the entry screen o Error messages will be indicated with an image of an exclamation mark in a red circle ER either when the entry field loses focus the cursor is no longer in this entry field or when the Next button is clicked Text Field o Enables you to type text as your entry o Default text may be initially shown in some fields as a guide or the text field is initially shown empty Multi Line Text Field o Enables you to type more than one line of text as your entry o Scroll bars are enabled when required Description Sample multi line test field Figure 15 Entering Information Multi Line Text Field Password Box o Enables password protection to be applied When you enter text in a password box your entry appears as a series of asterisks for confidentiality o This type of entry field is used for password entries such as on the User ID Password screen User ID ma Password ees Confirm passord ae Figure 16 Entering Information Password Box Copyright 1990 2006 Page 14 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Entering Information Spin Buttons Spin buttons are shown as an up arrow button and a down arrow button stacked one atop the other within an entry field If spin buttons
116. of retirement This is the spread between the policy growth rates and the bank loan rate at any given time during retirement A 2 spread is recommended as a minimum but a smaller soread may be allowed in some cases Entry must be between 0 and 10 Precision Two decimal places ig Insured Retirement Concept Specifics Basic Info Concept Spectics SE ms nee POF E Send POF ar Method Solvefor of PY 3 for 2 of FY Target of FV SUC Plan Income 4i Index Rate 0 00 From Tear D a ta E Loan tate spread 200 S Figure 59 Insured Retirement Concept Specifics Copyright 1990 2006 Page 70 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Insured RRIF The Insured RRIF concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following de Term premium o The deposit for the Term to 100 policy which will cover the tax on the balance of the RRIF o If the insured is married normally this will be a joint last to die policy as the RRIF can be rolled over to the spouse o Precision Whole numbers only decimal places will be rounded to the nearest whole number RRIF rate
117. on necessary for the installation The InstallShield program does the following o Determines your hardware and software configuration o Determines available disk space o Copies program and data files to the appropriate folder Once installed ADDCALC is accessed through your company software Install ADDCALC You can load ADDCALC by following these steps 1 Start the Windows operating system 2 Close any open applications 3 Insert the ADDCALC CD in the appropriate drive 4 The CD should automatically start the installation o Torun Setup exe manually o Click the Start button select Run and do one of the following in the Run dialog box o Type X setup where X is the drive letter of your CD ROM drive and click OK OR o Browse to your CD ROM drive select Setup exe and click OK 5 InstallShield wizard o The InstallShield wizard will guide you through the rest of the installation 1 Choose Setup Language o Select English or French o The installation will proceed using the language you select here Choose Setup Language A x Select the language for this installation from the choices below et Figure 1 Installation Choose Setup Language Copyright 1990 2006 Page 3 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Installation 2 Preparing to Install o Some components must be installed on your computer before ADDCALC NET can be installed including Internet Explorer 5 0
118. our a ee Tr es Pig mrii pry roste ee 27 183 pee ei cor ed pra sthites ee eps rea pep epee tee peice rr e ben Frps du ee mad eee Gar g Figure 71 ADDCALGC Illustrations Summary Page Copyright 1990 2006 Vortex Business Software Corporation All Riahts Reserved Page 87 ADDCALGNET ADDCALLC Illustration Detail Detailed Description includes o Concept detail o Errors and omissions excluded text default is E amp 0 E o Current page number and total pages in the illustration Phew Gh Inco Gaon rebor sorki Ta erer des hora ee 22 al ree ro eee eee hii Gale eee es oe aes ere Beg eee KR deika oom eet BEZ fam pers mp rex Ged br erem pepo Beer resdadl tu joi pee mel S a KS trett eg dd ss bad Lk Ge p ler Pal eres sil Ga ce bur karmina wel be POR See korg ee pee a ere p ami pe ven Te kii sk l ee Ca ee gang Les edit rat ee fat an horace Peer bi Pre sta sort LSA EE gt ve ee Fy ieee lp baren pare sein Da pre mes gl rea es ee fa r d i drman ler od gass ske bie aure Said ak el og Sa a el ga bul TT HE GE ee harr FEI Tu mal ard mor ger de str om soob spa ma kreeg PTE Figure 72 ADDCALC Illustrations Detailed Description Copyright 1990 2006 Page 88 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET ADDCALLC Illustration Detail Concept Assumptions includes A listing summary of the figures and information used in the concept calculations organized into
119. ous installation must be removed first Copyright 1990 2006 Page 10 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Window Manipulation Using ADDCALC NET Window Manipulation Application Control Menu The application control menu is a standard windows menu provided on the left hand side of a window title bar A small graphic representing the control menu box is shown on the left hand side of the window title bar One click of the mouse on this control menu box will reveal the drop down application control menu For the ADDCALC main screen the most frequently used menu items that the control menu box contains namely Minimize Maximize Restore and Close are again provided as buttons located on the right side of the ADDCALC main screen title bar for easy access ADDCALC HET j l x amp estore Move Size Prospect profiles for John Advisor CLU Minimize O Maximize Ma Jane Prospect Close Alt F4 Figure 12 Windows Application control menu and related buttons Minimize o Minimize the ADDCALC window shrinks it to a button on the Windows taskbar 1 Click on the Minimize button on the ADDCALGC title bar or 2 Select Minimize from the application control menu Maximize o Maximize the ADDCALC window enlarge it to fill your computer screen o The Maximize button command is only available when the window is not maximized 1 Double click on the ADDCALC title bar or 2 Clic
120. p is a web site that can be used to create a web presence where you may provide an introduction to clients while providing them with a place to browse for information that will assist them with clarifying their own needs for financial products and services Your personal web site is created using the Investor Desktop as a template its contents tools and look and feel will be used for your personalized version along with your customizations Your web presence will have a unique web address with your name included as part of the UAL Make the Investor Desktop web site your own personal web site by uploading a photo a logo and your own custom home page text Easy to set up and use your personal web site is also a powerful portal leading to the suite of Investor Desktop tools and knowledge base Your personal web site can be linked directly to your own personalized Financial Planning Analyzer web site The customizations can be updated in your Investor Desktop advisor Back Office Address Si hiph yournamehere canada mvestordesktop cam A contact privacy policy evolution i d DN p GA T d WII e vi 4 ge d WW TOOL Learn financial facts Fred Income Investments Stocks Muhal Funds Life naurance Calculate cash flows Preview your planning needs Retirement Income I believe the key to successful wealth accumulation is planning To assist my clients in creation of their own unique financial future
121. possible to retrieve a forgotten User ID or password Copyright 1990 2006 Page 27 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard Contact Information The Contact Information screen consists of the following entries 1 10 11 12 13 Business Name o Enter your company name here First Name o Enter your first name here Last Name o Enter your last name here Honorific o Enter your honorific here Address 1 o Enter your address here Address 2 o Enter any further address information here City o Enter your city here Province o Select your province o Use the drop down list provided with the entry field to make a selection Postal Code o Enter your postal code here o There are no formatting rules in place for this entry it will be displayed the same as it is entered Phone 1 o Enter your phone number here o There are no formatting rules in place for this entry it will be displayed the same as it is entered o You may enter extra phone information such as extension number Phone 2 o Enter an alternative phone number here o There are no formatting rules in place for this entry it will be displayed the same as it is entered o You may enter extra phone information such as extension number Fax o Enter your fax number here Email o Enter your email address here o The email must have a valid email address format Exa
122. pt name o Proposal for your prospect s name Along with the information listed above the sections include the following information Cover Page includes o Your name o Your contact information including email address o Your web site URL y INCOME GENERATOR Paul Proipect Pir jeka Melos CLL Figure 70 ADDCALC Illustrations Cover Page Copyright 1990 2006 Page 86 Vortex Business Software Corporation All Riahts Reserved ADDCALEGNET ADDCALC Illustration Detail Summary Page optionally included with your ADDCALC illustration includes O O O Concept overview Errors and omissions excluded text default is E amp 0 E Current page number and total pages in the illustration Gerer eng adr hal Aer ROSTE rough ra desire red erly lara h prestige ior rinraen cos E I bris beer ge 42 sd More of pe ieee pres Pie vis FATTE po VET oer re oe eed ih eer eee For FOS ee eee ees ee ee n a mad mn Au yeu Msn nn rer Pran Verein ms pot Mysen En frr 20 Pr reo F rabbi Fama che sm reed a arn vs als ei Pers HoH FF Une Ee Tull ba Uer s Narr pr av Pe bera om f r s pe el ee re BJ OG Dr mort cher i cel cer krans Tepr thay mort bea mr pt i SPE ee eerie br cao F onl dicho ua anal ot bal tne he Dar ams A jk ren sao cht Julien ender eco 140 0 dra rece Te dr in mg ery pirig spel Fer ox br aed 1 Ce el eee Thi oe ae ge el ee ser Grad mda sag ee sen WR pad cil Gh four ered bekker Coma f
123. pyright 1990 2006 Page 109 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Charitable Giving 8 Employee Shareholder Arrangement o Compares an insurance policy and an Alternative Investment for employee shareholder purposes o Shows the provision of future benefits to attract and retain employees who own shares in the corporation o The user may select Single Premium deposit or Periodic deposits 9 Leveraged Insured Annuity o Illustrates how a corporate owned non prescribed annuity purchased with borrowed money and backed by a life insurance policy can reduce the capital gains tax liability on the death of the owner of the corporation o Calculates the potential savings Charitable Giving 1 Charitable Annuity o Compares the payout and tax benefits of a Charitable Annuity to an Alternative Investment o Involves a donor providing a lump sum to a charity in exchange for an income for life 2 Charitable Insurance o For those with surplus income and a desire to make a significant gift to a charity on their death while receiving tax credits on the annual contributions to a tax sheltered life policy 3 Charitable Insured Annuity o Preserves the initial lump sum investment for the charity ies in a non registered Life O prescribed annuity while generating an income for life for the donor o Compares the income of a Charitable Insured Annuity and an Alternative Investment Pension Estate Maximization 1 Annu
124. r User ID and Password check box is not checked the Logon entry fields will be blank Copyright 1990 2006 Page 19 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Main Screen Main Screen The ADDCALC main screen is displayed after a successful login The main ADDCALC screen provides the following o A main menu bar of options including access to the Advisor wizard o A listing of your prospect profiles o A listing of your concept profiles that you have created for your prospects o Access to the Advisor Prospect and Concept wizards Prospect profiles for John Advisor CLI Me Jane Prospect Important Employes Tom Client Mr Peter Prospect 0370172005 Income Generator 03 01 2005 Family Split Dolar Reverse Fund Value 0301 2006 Income Sheker Figure 26 ADDCALC Main Screen CopyrightO 1990 2006 Page 20 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Main Screen Menu The File drop down menu contains the following options Exit Click on this option to close ADDCALC The Setup drop down menu contains the following options My Settings Click on this option to access the Advisor wizard Update your login your contact information including web address concept defaults or create a web presence Content Use this command to display the opening screen of Help with quick links to general areas of interest and an index to topics on which you can get help The
125. r account it is not necessary to go through each screen Instead a toolbar displayed on each wizard screen will provide quick access to all other Advisor wizard screens The Finish button can be clicked on any wizard screen to save your changes o Navigation buttons are provided at the bottom of every Advisor wizard entry screen Copyright 1990 2006 Page 26 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Advisor Wizard User ID Password The User ID Password screen consists of the following 1 User ID o Please choose a secure User ID that you will easily remember o User ID must be unique for ADDCALC logins on your computer o User ID is not case sensitive o User ID is disabled when the Advisor wizard is in edit mode 2 Password o Please choose a secure password that you will easily remember o The password is case sensitive o This entry field is a password box your entry will appear as a series of asterisks for confidentiality 3 Confirm Password o Enter your password exactly as you did in the Password field o This entry field is a password box your entry will appear as a series of asterisks for confidentiality E Add new Advisor User ID Password a Al Please choose a secure Logn ID and password you wall esch remember User ID malogri Password D Confirm passe e Figure 31 Advisor Wizard User ID Password CO NOTE o Currently it is not
126. r where Selup vill retal hles Setup vill install ADDCALC NET In thee folowing folder To metal bo this folder click Next To install to different folder click Browse and select ancthes folder Destmaton Folder C Program Piles Morte HADDCALC NET Fro Browse hetellshield Cancel Figure 4 Installation Choose Destination Location CopyrightO 1990 2006 Vortex Business Software Corporation All Riahts Reserved Page 5 ADDCALGNET Installation 5 Installation is complete o Click Finish and the InstallShield wizard will close o Access ADDCALC through your company software PADDOLALL NET Pro InstallShield Wizard Complete Setup has hnished nstaling ADDCALC MET on pour computer Figure 5 Installation Complete Copyright 1990 2006 Page 6 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Installation Uninstall ADDCALC o When ADDCALC is installed the program is listed as one that can be automatically removed by the Windows Add Remove Programs utility The Add Remove Programs utility helps you manage programs on your computer It prompts you through the steps necessary to add a new program or to change or remove an existing program To Uninstall or repair an ADDCALC NET installation 1 Click the Windows Start button point to Settings and click Control Panel Lontol Farel Si Ke i Customizes the appearance of pour desktop and Print configures yo
127. ration o Create a personalized web site with a personalized Financial Planning Analyzer site 4 Click Finish to close the Advisor wizard when you are finished with these entries the ADDCALC main screen will be displayed Copyright 1990 2006 Page 18 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Login Returning User 1 Enter your User ID and Password into the entry fields of the Logon screen o This step will be skipped if the Remember User ID and Password check box was checked on a previous login as your login information will already be entered for you 2 Click the Login button and the ADDCALC main screen will be displayed Sample User o Use the sample login to view samples of settings prospect and concept profiles and concept illustrations o Sample user login information o User ID sample Password sample User ID Password p W Remember User ID and Password Cancel New User Figure 24 Sample Login o Click the Login button and the ADDCALC main screen will be displayed with a sample prospect and associated sample concepts shown ADDCALC NET loj x Fie Setup Help Prospect profiles for Double Agent e mele 2004 08 03 RRIF Estate Maximizer Sample Delete Figure 25 Sample User ADDCALC CO NOTE o Check the Remember User ID and Password check box to have the Logon entry fields pre filled with your login information on subsequent logins o Ifthe Remembe
128. represent the individual units of information topics Double click a book to open or close it this action will show or hide the subcategories and topics that the book contains Index You would expect to use the index of a printed book to find the page number containing the information you re looking for In a similar way an online index allows you to search for information but more interactively The Help Index allows you to quickly get to the information you need and want by simply clicking on the keyword and seeing the corresponding topic display There are two ways you may access topics using the Help Index o Typing o Type a keyword or phrase in the index Select a topic from the available topic or topics listed The topic is then displayed on the right side of the Help browser window o Browsing o You can also browse through the index then select a keyword or phrase Copyright 1990 2006 Page 102 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Help Navigation Pane Tabs Search Another quick way to find information is by using full text search Full text search appears on the Search pane on the left side of the window along with the Contents and Index panes Full text search allows you to search every topic in the system for a particular word or phrase It s different from the index because the index contains keywords or phrases that may or may not be included in the actual topic even though the aut
129. right 1990 2006 Miscellaneous Concepts 111 More Information 0 0 000 112 N INAV IE AU OUD E 17 P PDE Files saa 117 Pension Estate Maximization 110 Personal Web Ste 95 Prospect Profe S ucap 22 Prospect Wizard rrnnrnnnnrrronnnnnnnnnnnn 34 R Refundable Tax on Hand 119 Retirement Compensation Arrangement OVErView cccccesceccsccscecceccscescsccceces 108 Retirement Compensaton Arrangement DEEN 75 Retirement Planning eorrrorrnrnnnrrrnnr 108 RRIF Estate Maximizer 76 OVErview ccccccesceccscscecceccscescscscces 110 A Secular Trust 78 COV ELVICW ees Ee 108 Split Dollar REO E EE 62 DEEN 62 Split Dollar RCA ceeeeeeceeeees 80 BEE 108 Stop Loss Rule 120 System Reaguirements 112 T Tax Plannin oie orien ees 107 Tax Sheltered Income Stream 82 OVELVIEW ccccscesceccscescecceccscescacscces 108 U Uninstall ADDCALC C ran 7 V Vier Send EE 40 W Window Manipulation 00 00000000000000 11 Page 128 Vortex Business Software Corporation All Riahts Reserved
130. rmation o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Corporate Investment Tax Rate o Enter the corporation s investment tax rate if unsure use 50 for a corporation o Entry must be between 0 and 100 o Precision Two decimal places Investment Vehicle Select either Periodic deposits or Single Premium deposit Periodic refers to the annual premium of the policy for a specified period of time payment period o Single Premium refers to the use of a single premium deposit account where the prospect invests a lump sum into the account which is then used to pay the annual premiums o Use the spin buttons provided with the entry field to make a selection Options Selections include Specify Investment or Calculate Investment This illustration has the ability to estimate the after tax payout of the Single Premium Deposit Account SPDA based on the lump sum investment and the SPDA rate It can also estimate the lump sum investment required based on the after tax payout of the SPDA which is equal to the annual premium and the SPDA rate The default will be the information from your company
131. s UE Insured Annuity Concept specifics Concept Spectics Annuity Income 42490 Term Premium 44220 Al Flate 503 lrnsestment 100 000 T axable Portion gm Figure 56 Insured Annuity Concept Specifics Insured Inheritance The Insured Inheritance concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Funding Type o Select either Single Pay or Term Certain Annuity o Use the spin buttons provided with the entry field to make a selection o Precision Two decimal places Copyright 1990 2006 Page 66 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 2 Options Selections include Specify Investment or Calculate Investment Use the spin buttons provided with the entry field to make a selection This illustration has the ability to estimate the after tax payout of the funding instrument based on the initial investment and the annuity rate It can also estimate the initial investment required based on the after tax payout of the funding instr
132. s Providing income for those you leave behind Preserving or building your estate O O O 9 The analysis arouses curiosity and stimulates interest while setting the stage for a product presentation with an advisor Every page of the FPA has an Ask your financial advisor link on the top right which provides easy access for a client to email the referring advisor should he she require some assistance with the questionnaire Since the client s permission is provided upon registration his her profile is forwarded directly to the referring advisor s Investor Desktop back office together with a producer summary report if applicable that summarizes the products and or services are most likely to be of interest to the client The advisor manages all of his or her active clients using this advisor Investor Desktop back office a client organizer and administrative tool Links to your personal FPA are available throughout your Investor Desktop personal web site When the FPA is completed the site will have turned a Suspect into a qualified prospect for a range of financial products and services Copyright 1990 2006 Page 99 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Using ADDCALC Help Using ADDCALC Help ADDCALC provides help through context sensitive help and the help menu Both of these help methods provide access to the Help browser window Context Sensitive Help o In ADDCALG NET use context sensitive
133. s have URLs One could say a URL is what a telephone number is to a telephone or what a street address is to a house Copyright 1990 2006 Page 123 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Glossary user interface wizard User interface the means by which a user interacts with a program The interface includes the way in which information is displayed and presented on screen including text and messages menus commands and options W An interactive utility that assists the user in setting up or configuring a particular feature or program as it guides a user through each step of the set up process Wizards are often implemented as a sequence of interactive dialog boxes which the user can move forward and backward through filling in the details required Copyright 1990 2006 Page 124 Vortex Business Software Corporation All Riahts Reserved End User License Agreement This is a legal agreement between you the end user and Vortex Business Software Corporation Suite 3105 1201 Marinaside Cr Vancouver B C Canada V6Z 2V2 Vortex BY INSTALLING 32 Bit ADDCALC NET individually or collectively referred to as the SOF TWARE YOU ARE AGREEING TO BECOME BOUND BY THE TERMS OF THIS AGREEMENT IF YOU DO NOT AGREE TO THE TERMS OF THIS AGREEMENT DO NOT PROCEED WITH INSTALLATION OF THE SOFTWARE PROMPTLY RETURN THE SOFTWARE AND ANY OTHER ITEMS INCLUDING WRITTEN MATERIALS WHICH ARE PART OF T
134. se over a hotspot the pointer changes to indicate that the item is clickable and will du perform an action 1 Links o Links or hyperlinks enable you to navigate throughout the content of the Help system and find information There are different types of links but text links are the most common The text or object that you click can also be called a hotspot o Text links are displayed in blue with an underline o Clicking on a link may display a different topic in the topic pane Use the Back button in the top pane of the Help browser window to return to your initial topic 2 See Also o Allows you to access topics that contain related information to your current topic When clicked the link displays the list of related topics that you can access o Usually displayed at the bottom of a topic 3 Popups o When you click the hotspot the popup opens and either appear as a tool tip popup or another complete topic o Scroll bars are displayed for navigation throughout the topic content if required o Popups can be accessed through clickable areas hotspots on images o Clicking again closes the popup 4 Glossary o Click on a term shown in italicized red text the definition displays or expands in blue text to the right of the term o Example view a definition by clicking on the term toolbar o Click the term again to hide the definition 5 Expanding Glossary Hotspots o Click the term shown in italicized green text the definition displays
135. served ADDCALGNET Login ADDCALG NET Windows Login ADDCALGC is opened from your insurance company illustration program Normally the proposal software will display an ADDCALC option on one of its menus or designate a specific function key to run ADDGCALG Your illustration software will transfer the proposal information and execute the ADDCALC program at the same time This will bring up the ADDCALC Logon dialog box You may login as a sample user to access sample concept profiles or create your own login New User 1 Enter your new User ID or clear any existing entry in the User ID entry field of the Logon screen Logon i User ID Password Remember User ID and Password Cancel New User Figure 23 Login New User 2 Check or uncheck the Remember User ID and Password check box to indicate your preference 3 Click the New User button to access the Advisor wizard o Use the Advisor wizard to enter the following o Your login information o This is your User ID and or password o Your contact information o Your entries will be shown on the title page of every ADDCALC concept illustration o ADDCALC default settings o Set defaults that will be used in the appropriate concepts illustrations or interface o Your logo o Include your own personal logo on every page of every ADDCALC concept illustration o Your web address o Update your web site URL that will appear on the title page of every ADDCALC concept illust
136. software this will be the most accurate information o If you wish to have ADDCALC estimate the lump sum investment from the after tax payout premium and the SPDA rate select Calculate Investment o Ifyou wish to have ADDCALC estimate the after tax payout from the lump sum investment and the SPDA rate then select Calculate Premium o Available for Single Premium only Disabled when Investment Vehicle setting is Periodic o Use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 49 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 4 Single Pay Rate O O O The rate provided for the single premium deposit account SPDA ADDCALC uses this percentage to calculate the after tax annuity payout from the lump sum investment or calculate the lump sum investment from the after tax SPDA payout If neither calculation is requested then the percentage will simply appear at the top of the illustration Available for Single Premium only Disabled when Investment Vehicle setting is Periodic Entry must be between 0 10 and 100 Precision Two decimal places 5 Lump Sum Investment O The amount initially invested by the insured into the selected funding instrument the lump sum amount invested by the company in an Alternative Investment or a Single Premium Deposit Account which purchases life insurance For comparison purposes this sum is place
137. suing company This value only needs to be entered if the user has selected Yes to Estimate Commuted Values o Ifthe issuing company won t provide you with this figure then use the best Alternative Investment rate plus 1 as a reasonable guess o Precision Two decimal places Annuity Income o The regular annual pre tax income the corporation will receive from the Life 0 annuity o Precision Whole numbers only decimal places will be rounded to the nearest whole number Estimate Commuted Values Select Yes or No Select Yes if you wish ADDCALC to calculate the commuted values used for capital tax determination Select No if you wish to enter these figures manually Note that if you select Yes then you will need to enter an annuity rate Use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 53 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET E Corporate Insured Annuity Concept Specilics Concept Profiles Corporate Tax Rate 48 N amp Capital Tax Rate Hon Annuity Rate Annuity Income 7 Estimate Commuted Values res P Figure 49 Corporate Insured Annuity Concept Specifics Tax Table CD d M Ol om Wh mmh 1 well ee Bo EE Bi Corporate Insured Annuity Tax Table 15 036 00 45 741 00 44224000 440 703 00 73 150 00 37 568 00 35 963 00 24 336 00 2 692 00 31 025 00 29 93 00 27 675 00 24
138. t be non prescribed these values will change from year to year Figure 63 Leveraged Corporate Insured Annuity Tax Table Detail Copyright 1990 2006 Page 74 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Retirement Compensation Arrangement The Retirement Compensation Arrangement concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Plan Income Your client s annual before tax RCA income target The amount of after tax income the insured wishes to receive on an annual basis This figure can be modified until the maximum income is arrived at Withdrawals spanning from age 65 to 70 to cover the period between the start of retirement and the start of RRSP payments at 70 may produce the best results o Precision Whole numbers only decimal places will be rounded to the nearest whole number O O From Year The policy year in which the income starts Enter or select the policy year in which the client s withdrawals are to begin this should be after the end of the
139. t or Periodic deposits Corporate Insured Annuity o Shows how acorporate owned non prescribed annuity purchased with corporate funds and backed by a life insurance policy can reduce the capital gains tax liability on the death of the owner of the corporation o Compares income and death benefit of the Corporate Insured Annuity and an Alternative Investment Corporate Key Person Protection Compares an insurance product and an Alternative Investment for key person purposes Illustrates how life insurance protects a small private corporation against the loss of an employee upon whom the business depends for its success o The insurance purchased may be illustrated on a periodic payment or single premium deposit account basis o The user may select Single Premium deposit or Periodic deposits Corporate Redemption of Shares o Amethod of setting up a buy sell agreement between key shareholders of a small private corporation funded through life insurance with the corporation being the owner and beneficiary o Compares an insurance policy and an Alternative Investment for redemption purposes o The user may select Single Premium deposit or Periodic deposits Corporate Split Dollar o Provides information for companies wishing to reward young employees by helping them to purchase a life insurance policy o This illustration can be split on fund value surrender value or net cost of pure insurance o Illustrates as regular or reverse Split Dollar Co
140. t quota calculations In addition the charity does not pay any tax on investment income This allows the charity to be indifferent to owning an exempt or non exempt life insurance policy Effective Tax Rate The formula used to calculate the effective tax rate for the income Effective rate 1 25 x Client s marginal rate 0 20 where the client s marginal rate would be expressed as a decimal percentage eg 0 50 Refundable Tax on Hand The Income Tax Act requires that an extra refundable tax on investment income be collected The extra rate is 6 2 3 on income from investments and taxable gains Income from investments in the form of dividends is subject to 33 1 3 tax The tax is credited to a notional tax account called the Refundable Dividend Tax On Hand RDTOH account When the corporation pays taxable dividends to its shareholders the tax is refunded at a 3 1 rate regardless of what rate the RDTOH was collected Earnings on accumulated funds in an exempt life insurance policy are not subject to corporate tax as long as the funds remain in the policy Copyright 1990 2006 Page 119 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Stop Loss Rules Stop Loss Rules Under the stop loss rules the full amount of the capital gain can no longer be offset It is still possible to carry back the loss in the same manner as previously allowed to eliminate the gain occurring in the deceased shareholder s terminal taxat
141. t the prior written consent of Vortex Any authorized transferee of the SOFTWARE shall be bound by the terms and conditions of this License and Limited Warranty In no event may you transfer assign rent lease sell or otherwise dispose of the SOFTWARE on a temporary or permanent basis except as expressly provided herein 6 TERMINATION This License is effective until terminated This License will terminate automatically without notice from Vortex if you fail to comply with any provision of this License Upon termination you shall destroy the written materials and all copies of the SOFTWARE including modified copies if any Copyright 1990 2006 Page 125 Vortex Business Software Corporation All Riahts Reserved 7 NO WARRANTY THE SOFTWARE AND ACCOMPANYING WRITTEN MATERIALS INCLUDING INSTRUCTIONS FOR USE ARE PROVIDED AS IS WITHOUT WARRANTY OF ANY KIND FURTHER VORTEX DOES NOT WARRANT GUARANTEE OR MAKE ANY REPRESENTATIONS REGARDING THE USE OR THE RESULTS OF USE OF THE SOFTWARE OR WRITTEN MATERIALS IN TERMS OF CORRECTNESS ACCURACY RELIABILITY CURRENTNESS OR OTHERWISE NO ORAL OR WRITTEN INFORMATION OR ADVICE GIVEN BY VORTEX ITS DISTRIBUTORS AGENTS OR EMPLOYEES SHALL CREATE A WARRANTY OR IN ANY WAY INCREASE THE SCOPE OF VORTEX S WARRANTY OBLIGATIONS AND YOU MAY NOT RELY ON ANY SUCH INFORMATION OR ADVICE 8 NEITHER VORTEX NOR ANYONE ELSE WHO HAS BEEN INVOLVED IN THE CREATION PRODUCTION OR DELIVERY OF THIS PRODUCT SHALL BE LIA
142. the list of programs click the appropriate program ADDCALC NET Company Version Name Click Change Remove 7 ADDCALC NET initializes the start up of the InstallShield wizard InstallShield Wizard ADDCALC NET Setup is preparing the InstallShield wizard which wll guide you through the program setup process Please watt Figure 9 Uninstall Repair InstallShield Wizard initialization Copyright 1990 2006 Page 8 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Installation 8 The Modify Repair or Remove the Program InstallShield dialog box is displayed o To uninstall ADDCALC select Remove InstallShield Ward Welcome Hodiy par or remove the program Se Figure 10 Uninstall Repair InstallShield Modify Repair or Remove Dialog Box o Click OK to confirm the uninstall when prompted EO Figure 11 Uninstall Repair Confirm Uninstall CopyrightO 1990 2006 Page 9 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Installation 9 Maintenance Complete click Finish to close the InstallShield wizard install held i ard Maintenance Complete InstalSheld Wizard has AN ES mankenance operabone om ADDLALC MET Figure 11 Uninstall Repair Maintenance Complete CO NOTE o If an attempt is made to reinstall ADDCALC NET the Modify Repair or Remove the Program InstallShield dialog box will be displayed as the previ
143. there are taxes to be applied to investments that yield interest or capital gains income then the federal refundable investment income surtax of 6 67 will automatically be added to the rate you enter here This extra tax will go into a refundable dividend tax on hand RDTOH account which the corporation will get back when dividends are paid out to shareholders Precision Two decimal places Entry must be between 0 and 100 SCT everaged Corporate Insured Annuity Concept Specifics Annuity Income 457 933 Loan Rate DU Corporate Tax Rake 42 00 Figure 61 Leveraged Corporate Insured Annuity Concept Specifics Copyright 1990 2006 Page 73 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Tax Table lax Table TR Taxable Portion 0 00 46 907 00 45 517 00 44 111 00 442 594 00 41 268 00 39 836 00 438 402 00 36 970 00 35 541 00 34 118 00 32 704 00 Finish Figure 62 Leveraged Corporate Insured Annuity Tax Table Use arrow keys on your keyboard or your mouse to navigate in the table YR Policy year read only Taxable Portion The taxable portion for each annual payout from the life annuity A value must be entered for each year to be illustrated You will need to obtain these values from your insurance company for the annuity quote they provided you Precision Two decimal places NOTE Since all corporately owned annuities mus
144. to each of those rates for the years in which those rates will be in effect o Rate o Rate is for concepts that use a flat term product that would have no growth rate on which to base a spread In either case all rates used and the years that they are used in will be displayed on the Concept Assumptions page of the ADDCALC illustration This default can be overwritten for an individual concept in the Concept wizard Precision Two decimal places Entry must be between 0 and 4 9 Alternative Investment Growth Components Al Growth components the entries from these fields must add up to 100 The following entry fields must total 100 These defaults can be overwritten for an individual concept in the Concept wizard o Entries should be whole numbers only no decimals Default Al Interest Portion o The portion of the growth of the Alternative Investment Al that is taxable as interest If the Al is a GIC or fixed income interest based investment like bond or T bill related mutual fund then most or all of the growth of these funds will be interest income which is taxable at the client s full marginal tax rate o This effective tax rate will be shown on the Concept Assumptions page of the ADDCALC PDF printout see effective tax rate in the More Information chapter on page 119 o Examples of interest based alternative investments o GIC o Bonds Debentures o Treasury bills o Mutual funds which primarily invest in the above Default
145. uired for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Corporate Investment Tax Rate o Enter the corporation s investment tax rate if unsure use 50 for a corporation o Entry must be between 0 and 100 o Precision Two decimal places Investment Vehicle Select either Periodic deposits or Single Premium deposit Periodic refers to the annual premium of the policy for a specified period of time payment period o Single Premium refers to the use of a single premium deposit account where the prospect invests a lump sum into the account which is then used to pay the annual premiums o Use the spin buttons provided with the entry field to make a selection Options Selections include Specify Investment or Calculate Investment This illustration has the ability to estimate the after tax payout of the Single Premium Deposit Account SPDA based on the lump sum investment and the SPDA rate It can also estimate the lump sum investment required based on the after tax payout of the SPDA which is equal to the annual premium and the SPDA rate The default will be the information from your company software this will be the most acc
146. ument and the annuity rate The default will be the information from your company software this will be the most accurate information otherwise select Calculate Investment 3 Single Pay Rate O O O The interest rate credited to the single pay fund Alternatively enter a term certain annuity rate ADDCALC uses this percentage to calculate the after tax annuity payout from the investment or calculate the initial investment from the after tax annuity payout If neither calculation is requested then the percentage will simply appear at the top of the illustration If the premium deposit account is requested as the funding instrument then this percentage refers to the single pay rate Entry must be between 0 10 and 100 Precision Two decimal places 4 Lump Sum Investment O O O 0 Your single pay premium as calculated by your illustration software appears here Alternatively enter a term certain annuity single premium Disabled when Options setting is Calculate Investment Precision Whole numbers only decimal places will be rounded to the nearest whole number 5 Calculate Insurance Premium O Click on this button to calculate the annual insurance premiums that can be paid from a given lump sum investment ADDCALC will use the payment period from the product you are currently illustrating to arrive at the amount You will need to exit ADDCALC and enter this premium for the specified payment period in your produ
147. ur computer Taskbar amp Start Mem Figure 6 Uninstall Repair Access the Windows Control Panel 2 From the Control Panel double click Add Remove Programs EI Control Panel Eile Edit View Favorites Tools Help E EET EEE Fe a e 20 EEE Addess EA conan epe linke Cushomizes accessibility features for your computer Installs removes and traubleshoots hardware Installs and removes programs and Windows components 23 Administrative Tools Comhigures administrative settings for pour compuber Rb Automatic Updates Configures Automatic Updates gl Date Time Sets the date ime and time zone for your computer S Display Cushomizes your desktop display and screen saver ai Fax Fax Properties Figure 7 Uninstall Repair Access Windows Add Remove Programs Copyright 1990 2006 Page 7 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Installation 3 The Add Remove Programs dialog appears bag Add Remove Programs far Currently instaled programs Change or aere Remove in ADDCALC NET Company Version Hame be tal Click here For support information lip To change this program or remove ik From your computer a dick Change Remove Add Mew A Adobe Acrobat 5 0 Progr ans cl art wien Paleenl a Peali s n Figure 8 Uninstall Repair Add Remove Programs 4 Click the Change or Remove Programs bution in the menu area if necessary 5 From
148. urate information o If you wish to have ADDCALC estimate the lump sum investment from the after tax payout premium and the SPDA rate select Calculate Investment o Ifyou wish to have ADDCALC estimate the after tax payout from the lump sum investment and the SPDA rate then select Calculate Premium o Available for Single Premium only Disabled when Investment Vehicle setting is Periodic o Use the spin buttons provided with the entry field to make a selection Copyright 1990 2006 Page 58 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles 4 Single Pay Rate O O The rate provided for the single premium deposit account SPDA ADDCALC uses this percentage to calculate the after tax annuity payout from the lump sum investment or calculate the lump sum investment from the after tax SPDA payout If neither calculation is requested then the percentage will simply appear at the top of the illustration Available for Single Premium only Disabled when Investment Vehicle setting is Periodic Precision Two decimal places Entry must be between 0 10 and 100 5 Lump Sum Investment O The amount initially invested by the insured into the selected funding instrument the lump sum amount invested by the company in an Alternative Investment or a Single Premium Deposit Account which purchases life insurance For comparison purposes this sum is placed in a corporate owned Alternative Investme
149. use a dynamic process of discovery and to support the AA 9 plan I offer ihe following Products amp Services for Indhiduals and Small Business calculate Business Continuation Rome tor Survivors Investment Products will help you to develop and maintain preview Estate Preservation diversited portfolio of products as needed to meet Analyze your needs and your plan for Registered and Non Regisiered omgartunflies wealth accumulation analyze Life amp Health Insurance rapih ene cdeote rnant Figure 77 Investor Desktop Example Personal Web Site Copyright 1990 2006 Vortex Business Software Corporation All Riahts Reserved Page 95 ADDCALGNET Investor Desktop 3 Step Wizard Investor Desktop 3 Step Wizard The Investor Desktop 3 Step Setup wizard is the quick start way to set up a personal web site and Financial Planning Analyzer Step 1 My Login Information O O Enter a Login ID that you will use to access the Investor Desktop back office Your Login ID must be a valid email address This entry field will be pre filled with the email address you entered in the ADDCALC advisor wizard A temporary password for you to use for your first time access to the advisor Back Office will be sent to this email address My Contact Information Please enter your contact information as you would like your prospects to see It These entry fields will be pre filled w
150. ware Corporation All Riahts Reserved ADDCALGNET TABLE OF CONTENTS VEC O EE 40 ANNUITY D RENE DR 41 CAPITAL DIVIDEND NON EE 41 CT NTN 41 SN 42 MT 43 CT SANN Ne 44 CHARITABLE INSURED RAR E 44 CONCEDES VCCI EE E 44 DN 45 IR LINN 46 ERDAL 47 MN 47 CORPORATE SHARE REDEMPTION s eunosvnnnvnnvvnnnvnnnnvnnnvnnnnnnnnvnnnvnnnnnnnnvnnnsnnnnvnnnvnnnnnnnnsnnnssnnesene 49 NN 49 CORPORATF SPLIT Bt EE SI COICO Eege SI CORPORATE INSURED NNN 52 COC CE CCI E E E E E E E E E E E 53 ERE 54 CORPORATE KEY PERSON DROTECTION 56 GLEN LEREN 56 EMPLOYEE SHAREHOLDER ARRANGEMENT 58 ENN 58 FAMILY TD MN 61 ENEE 61 GA DS D DEE NNE T ENEAS 62 NNN NN 62 NONNER IRN 63 CNN rs 63 NOEN 64 NR NI EE 64 ENN 65 INSURED NHERI TANCE EN 66 EE 16 EE E A E EE coun 66 INSURED RATE OF RETURN EN 68 EE 68 INSURED RETIREMENT wssdssessincnecnonesenoscteussivencisdeewadastear oom nese KEIEN EE REE ONNES Ni 69 MN 69 MRD hv 71 MN 71 LEVERAGED CORPORATE INSURED ANNUITY ssssesssessessesseessesssrssessesserssersesserseessesserseersee 72 EEN 73 EE E 74 RETIREMENT COMPENSATION ARRANGEMENT 75 NNN 3 Copyright 1990 2006 Page iii Vortex Business Software Corporation All Riahts Reserved ADDCALGNET TABLE OF CONTENTS RRIF ESTATE MAXIMIZER ccccceccececccceccccececcsceceececescecscscecesceceececestecesescesescecsescucescess 76 Concept SPec EE 76 SP ULAR IRO DEE 78 E 17 JE 1 EEE 78 SPLIT DOLLAR RCA ME 80 MN SO TAX SHELTERE
151. web site and for your personal FPA site will both be presented to you o Click on a link to view your site in a new window Save Your URLs o Close the 3 Step setup wizard and return to the Advisor wizard Web Address page o Include your personal web site URL with your ADDCALLC illustrations by doing the following 1 Ifthe web address field is empty click inside it so that the cursor remains inside the field Otherwise delete any existing text first and then leave the cursor inside the empty field 2 Right click your mouse to view a small pop up menu select Paste Cie Add new Advisor Web Address lf pou akeady have a web site then enter its URL manually below li you dont yet have a web site then you can sign up for a free B month trial of Vortex s Investor Desktop web presences for financial advisors To sign up cick on the Create Web Presence button Web address dr d Sopp wil be automatically moluded in the PDF NOTE Paste files the Ge i cheris For more information om Invest a URL below LSC a Figure 78 Investor Desktop Paste URL into Advisor Web Address 3 Your personal web site URL will be displayed in the web address entry field Your personal web site provides links to your personal FPA you may access your FPA in this way should you not make a note of the FPA URL 5 Click Finish on the Advisor wizard Web Address page to save your entries in the Advisor wizard inc
152. ximum is age 100 minus current age o Type your entry in the entry field or use the spin buttons provided with the entry field to make a selection E Secular Trust Concept Specifics KE z T a Basic Info Concept Spectics Altemative Invest ViewPDF SendPOF Plan Insom gm Index Rate 0 00 From Year fie Figure 66 Secular Trust Concept Specifics Copyright 1990 2006 Page 79 Vortex Business Software Corporation All Riahts Reserved ADDCALGNET Concept Profiles Split Dollar RCA The Split Dollar RCA concept profile consists of the following entry screens 1 Basic Information o General information required for every concept Concept Specifics o Information required specifically for this concept Alternative Investment o Information required for the Alternative Investment that will be compared to this concept View Send o View or email the ADDCALC concept illustration PDF Concept Specifics The Concept Specifics screen consists of the following 1 Plan Income Your client s annual net before tax withdrawal target The amount of after tax income the insured wishes to receive on an annual basis This figure can be modified until the maximum income is arrived at Withdrawals spanning from age 65 to 70 to cover the period between the start of retirement and the start of RRSP payments at 70 may produce the best results o Precision Whole numbers only decimal places will be rounded to th

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