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June 3, 1997 Policy Number: ## ### ### Insured: RICHARD W FRANZEN Dear RICHARD W FRANZEN Thank you for your payment of $672.00. It purchased paid-up additional insurance with a death benefit of $1,997 in accordance with your policy's Option to Purchase Paid Up Additional Insurance rider (OPP). As of June 3, 1997, your policy, including riders, dividends and additional insurance less any loans and loan interest due has a net cash value of $1,078.13 and the net death benefit is $104,491. If you have any questions or would like additional information, please contact your agent or one of our customer service representatives at 1-800-###-####. Thank you for making New York Life The Company You Keep ®. Sincerely, Francis J Donnelly Corporate Vice President |
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<=-
Activity, Year 1 to Year 2
-=> | |||
| 9 May 1998 | Payments | Increase in Value | Total to Date |
| Base Death Benefit | 1,764 3,528 | 100,000 | |
| OPP Death Benefit | 672 972 | 1,997 | 2,874 |
| Dividend Death Benefit | |||
| Total Death Benefit |
2,436 $4,500 |
1,997 $2,874 | $102,874 |
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Inflation-Adjusted Total Cost and Base Death Benefit |
$4,610 |
30apr98 CPI=1.4% |
$103,935 |
| Guaranteed Cash Value | |||
| OPP Cash Value ¹ 9.14 / 877 = 1.04%g
| 651.84 928.96 | 9.14¹ | 938.10 |
| Dividend Cash Value | |||
| Total Cash Value to Date | $928.96 | $9.14 | $938.10 |
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potential partial refund of premium excluded from totals 10 May 1997 |
10may97 $286.26 | ||
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BBAG
= (286.26 - 0 - 2,064) / (0 + 2,064) IWR CV = (286.26 - 2110) / 2,110 IWR DB = (100,877 - 102,500) / 102,500 |
-86.1% -86.4% -1.6% | ||
Accesses since 5 August 2001
last modified 27 July 2002
© 2001 - 2004 by Rich Franzen
Rich's Home Page
<<|=- Current State Current Statement
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No content within The Visible Policy has been approved,
authorized, or verified by New York Life or any of its representatives.
I have attempted to fairly and accurately portray the policy, but there are
likely to be mistakes. Over time, I shall endeavor to correct any
misinformation found herein. |
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