Unofficial Reproduction of Annual Statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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from Page 1 of Policy Summary
Dividends payable in 2002 reflect a reduction in the Company's dividend
scale resulting from lower interest rates and investment returns in 2001.
In addition. the annual interest rate credited to policies having Dividends
on Deposit has also been reduced.
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May 3, 2001 Policy: ## ### ### Insured: Richard W Franzen 0000673
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, 2001. The remaining $636.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $1,670.00. This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP). 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, Steven L Nelson Service Center Vice President |
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Activity, Year 5 to Year 6
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9 May 2002 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 10,584 | 100,000 | |
OPP Death Benefit | 636 3,816 | 1,670 | 10,711 |
Dividend Death Benefit | 437.33 | 1,275 | 4,945 |
Total Death Benefit |
2,400 $14,400 |
2,945 $15,656 | $115,656 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$15,636 |
30apr02 CPI=1.6% |
$114,939 |
Guaranteed Cash Value ¹ 1,800 / 100,000 = 1.8%g
| 1,800.00¹ | 6,200.00 | |
OPP Cash Value ² 121.89 / 10,711 = 1.14%g
| 616.92 3,694.30 | 121.89² 385.41 | 4,079.71 |
Dividend Cash Value ³ 44.51 / 3,670 = 1.21%g
| 437.33 1,608.14 | 44.51³ 91.67 | 1,699.81 |
Total Cash Value to Date | $5,302.44 | $6,677.08 | $11,979.52 |
10may01 $8,958.87
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div. return
= (437.33 - 160) / 8,958.87 |
$160 + 3.10% | ||
BBAG
= (11,979.52 - 8,958.87 - 2,400) / (8,958.87 + 2,400) IWR CV = (11,979.52 - 15,636) / 15,636 IWR DB = (115,656 - 114,939) / 114,939 | 5.5% -23.4% 0.6% |