Unofficial Reproduction of Annual Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Visible Policy is authorized or verified by NYL
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June 1, 2000 Policy: ## ### ### Insured: Richard W Franzen 0000765
Dear Richard W Franzen:Thank you for your recent payment of $2,400.00. We used $1,764.00 to pay the annual premium due May 10, 2000. The remaining $636.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $1,721.00. This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP). As of June 1, 2000, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $8,649.53 and a net death benefit of $113,063. If you need additional information, or if you have any questions about your policy, please contact your agent, or call one of our customer service representatives at 1-800-###-####.
Sincerely, |
<=-
Activity, Year 4 to Year 5
-=> | |||
9 May 2001 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 8,820 | 100,000 | |
OPP Death Benefit | 636 3,180 | 1,721 | 9,041 |
Dividend Death Benefit | 429.80 | 1,296 | 3,670 |
Total Death Benefit |
2,400 $12,000 |
3.017 $12,711 | $112,711 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$12,990 |
30apr01 CPI=3.3% |
$113,129 |
Guaranteed Cash Value ¹ 1500 / 100,000 = 1.5%g
| 1,500.00¹ | 4,400.00 | |
OPP Cash Value ² 100.64 / 9041 = 1.1%g
| 616.92 3077.38 | 100.64² 263.52 | 3340.90 |
Dividend Cash Value ³ 26.43 / 2374 = 1.1%g
| 429.80 1170.81 | 26.43³ 47.16 | 1217.97 |
Total Cash Value to Date | $4,248.19 | $4,710.68 | $8,958.87 |
early payment of $2,400 carried forward to next activity summary |
10may00 $6,285.08 | ||
div. return
= (429.80 - 160) / 6285.08 |
$160 + 4.29% | ||
BBAG
= (8,958.87 - 6,285.08 - 2,400) / (6,285.08 + 2,400) IWR CV = (8,958.87 - 12,990) / 12,990 IWR DB = (112,711 - 113,129) / 113,129 | 3.2% -31.0% -0.4% |