Unofficial Reproduction of Annual Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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100% Unapproved -- No content within
The Visible Policy is authorized or verified by NYL
-- 100% Unapproved |
from Page 1 of Policy Summary
Dividends payable in 2003 reflect a reduction in the Company's dividend
scale resulting from lower interest rates and investment returns
experienced in 2002.
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May 20, 2002 Policy: ## ### ### Insured: Richard W Franzen 0000919
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, 2002. The remaining $636.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $1,620.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP). As of May 20, 2002, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $14,361.23 and a net death benefit of $117,318*. 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 *Amount does not include any refund or renewal of premium (if applicable).
For policy service and product information, visit us at ==>
www.newyorklife.com
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<=-
Activity, Year 6 to Year 7
-=> | |||
9 May 2003 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 12,348 | 100,000 | |
OPP Death Benefit | 636 4,452 | 1,620 | 12,331 |
Dividend Death Benefit | 430.14 | 1,213 | 6,158 |
Total Death Benefit |
2,400 $16,800 |
2,833 $18,489 | $118,489 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$18,433 |
30apr03 CPI=2.2% |
$117,468 |
Guaranteed Cash Value ¹ 1800 / 100,000 = 1.8%g
| 1,800.00¹ | 8,000.00 | |
OPP Cash Value ² 143.51 / 12,351 = 1.16%g
| 616.92 4,311.22 | 143.51² 528.92 | 4,840.14 |
Dividend Cash Value ³ 44.51 / 3,670 = 1.21%g
| 430.14 2,038.28 | 55.67³ 147.34 | 2,185.62 |
Total Cash Value to Date | $6,439.50 | $8,676.26 | $15,025.76 |
early payment of $3,000 carried forward to next activity summary |
10may02 $11,979.52
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div. return
= (430.14 - 160) / 11,979.52 |
$160 + 2.26% | ||
BBAG
= (15,025.76 - 11,979.52 - 2,400) / (11,979.52 + 2,400) IWR CV = (15,026.76 - 18,433) / 18,433 IWR DB = (118,489 - 117,486) / 117,468 | 4.5% -18.5% 0.9% |