Lump Sum Payments in Illustrations

On the illustration screen, there are two boxes related to lump sum premium payments:

These inputs are designed to accommodate illustrations where there is a premium payment in addition to regular payments (e.g. a “catch-up” payment).

Example

If we consider an illustration with these starting values:

This lump sum payment:

And these payments:

The lump sum payment entered on 5/7/14 will be applied in addition to regular payments, leading to this schedule:

If the illustration included a payment on the first row like this:

Then the lump sum would be applied in addition to the regular premium, leading to a payment schedule like this: