The Visible Policy
Statement for Policy Year 2

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Statement:  Year 2

Here is my statement for the end of the second policy year.
Unofficial Reproduction of Annual Statement
      NEW
YORK
LIFE
     
The Company You Keep ®
 New York Life Insurance Company 
Annual Policy Summary 
Policy Number:  ## ### ### 
Page 2 of  2 
 

Insured: RICHARD W FRANZEN
 Date Prepared: May 11, 1998

Life Insurance Death Benefit
as of May 10, 1998
  
Policy Cash Value
as of May 10, 1998
Base Plan Death Benefit $100,000.00
Base Plan Guaranteed Cash Value
 $0.00
Death Benefit of Optional Paid up Life
  Insurance Rider (OPP)
 2,874.00
Cash Value of Optional Paid up Life
  Insurance Rider (OPP)
 968.05
Death Benefit of Paid up Additional
  Life Insurance provided by Dividends
 567.00
Cash Value of Paid up Additional Life
  Insurance Provided by Dividends
 169.85

TOTAL DEATH BENEFIT
$103,441.00
NET CASH VALUE
$1,137.90

Loan Summary
from May 13, 1997  to May 11, 1998
Dividend Summary
as of May 10, 1998
No activity during the period






 The 1998 DIVIDEND credited
  to your policy
    The dividend of $169.85 provided
      $567 of increased Paid up
      Additional Life Insurance
$169.85




Summary of Our Disbursements
from May 13, 1997  to May 11, 1998
Summary of Your Payments
from May 13, 1997  to May 11, 1998
No activity during the period


 Payment(s) for Optional Paid up
  Insurance Rider (OPP) Premium
 $672.00




TOTAL PAYMENTS
$672.00
100% Unapproved --   No content within The Visible Policy is authorized or verified by NYL   -- 100% Unapproved

June 12, 1998

Policy Number:  ## ### ###
Insured:  RICHARD W FRANZEN

Dear RICHARD W FRANZEN

Thank you for your payment of $936.00.  It purchased paid-up additional insurance with a death benefit of $2,680 in accordance with your policy's Option to Purchase Paid Up Additional Insurance rider (OPP).

As of June 12, 1998, your policy, including riders, dividends and additional insurance less any loans and loan interest due has a net cash value of $3,581.13 and the net death benefit is $107,631.

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


<=-       Activity, Year 2 to Year 3       -=>
9 May 1999
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
5,292

100,000
OPP Death Benefit 936
1,908
2,680 5,554
Dividend Death Benefit 169.85 567 567
Total Death Benefit 2,700
$7,200 		3,247
$6,121 		$106,121
Inflation-Adjusted Total Cost
and Base Death Benefit
 $7,478
 30apr99
CPI=2.3%
 $106,326
Guaranteed Cash Value


OPP Cash Value
¹ 29.95 / 2874 = 1.04%g
907.92
1,836.88
29.95¹
39.09 
1,875.97
Dividend Cash Value 169.85 0.00 169.85
Total Cash Value to Date $2,006.73 $39.09 $2,045.82
potential partial refund of premium excluded from totals
10 May 1998
 10may98
$1,137.90
div. return = (169.85 - 160) / 286.26
 $160 + 3.44%
BBAG = (1,137.90 - 286.26 - 2,436) / (286.26 + 2,436)
IWR CV = (1,137.90 - 4,610) / 4,610
IWR DB = (102,874 + 567 - 103,935) / 103,935
 -58.2%
-75.3%
-0.5%

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Accesses since 5 August 2001
last modified 27 July 2004
© 2001 - 2004 by Rich Franzen

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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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