Up to 2 years - 40% R-8 (a)

2-3 years - 35% R-8 (b)

3-4 years - 30% R-8 (c)

4-5 years - 25% R-8 (d)

5-6 years - 20% R-8 (e)

6-7 years - 15% R-8 (f)

To calculate R-8 credits calculate a premium on the pay-off and then subtract the credit from a premium calculated on the new policy.

=
0.00554
843.00 x 1.
=875

=
0.00456
5,649 x 1.0
=5864

=
0.00376
23,209 x 1.
=24090.942

=
0.00267
59,409 x 1.
=61666.542

=
0.00160
85,109 x 1.
=88343.142