The Visible Policy
Statement for Policy Year 10

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Statement:  Year 10

Here is my statement for the end of the tenth 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 10, 2006


Life Insurance Death Benefit
as of May 10, 2006

  
Policy Cash Value
as of May 10, 2006

Base Plan Death Benefit $100,000.00

Base Plan Guaranteed Cash Value
$13,600.00
Death Benefit of Optional Paid up Life
  Insurance Rider (OPP)
23,626.00
Cash Value of Optional Paid up Life
  Insurance Rider (OPP)
10,132.72
Death Benefit of Paid up Additional
  Life Insurance provided by Dividends
10,845.00
Cash Value of Paid up Additional Life
  Insurance Provided by Dividends
4,249.82

TOTAL DEATH BENEFIT


$134,471.00



NET CASH VALUE


$27,982.54



Loan Summary
from May 11, 2005  to May 10, 2006



Dividend Summary
as of May 10, 2006

No activity during the period






The 2005 DIVIDEND credited
  to your policy
    The dividend of $707.71 provided
      $1,809 of increased Paid up
      Additional Life Insurance

$707.71






Summary of Our Disbursements
from May 11, 2005  to May 10, 2006



Summary of Your Payments
from May 11, 2005  to May 10, 2006

No activity during the period


Policy Premium
$1,764.00



Payment(s) for Optional Paid up
  Insurance Rider (OPP) Premium
1,236.00




TOTAL PAYMENTS


$3,000.00

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


June 2, 2005

Policy:     ## ### ###
Insured:   Richard W Franzen
0003773
GG
Dear Richard W Franzen:

Thank you for your recent payment of $3,000.00.  We used $1,764.00 to pay the annual premium due May 10, 2005.  The remaining $1,236.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $2,878.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP).

As of June 2, 2005, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $26,738.15 and a net death benefit of $132,720*.

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,
George H. Hewlett
Service Center Vice President

*Amount does not include any refund or renewal of premium (if applicable).


For policy information and online service, please visit us at ==> www.newyorklife.com/vsc



<=-       Activity, Year 9 to Year 10       -=>
9 May 2006
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
17,640

100,000
OPP Death Benefit 1,236
9,160
2,878 23,626
Dividend Death Benefit 707.71 1,809 10,845
Total Death Benefit 3,000
$26,800
4,687
$34,471
$134,471
Inflation-Adjusted Total Cost
and Base Death Benefit

$30,877
30apr06
CPI=3.5%

$128,729
Guaranteed Cash Value
1900 / 100,000 = 1.9%g

1,900.00 13,600.00
OPP Cash Value
291.64 / 23,626 = 1.23%g
1,198.92
8,877.98
291.64
1,254.74 
10,132.72
Dividend Cash Value
117.75 / 9,036 = 1.30%g
707.71
3,819.58
117.75
430.24 
4,249.82
Total Cash Value to Date $12,697.56 $15,284.98 $27,982.54

10may05
$23,766.52
div. return = (707.71 - 160) / 23,766.52
$160 + 2.30%
BBAG = (27,982.54 - 23,766.52 - 3,000) / (23,766.52 + 3,000)
IWR CV = (27,982.54 - 30,877) / 30,877
IWR DB = (134,471 - 128,729) / 128,729
4.5%
-9.4%
4.5%


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Accesses since 27 January 2006
last modified 22 November 2010
2006 - 2010 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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