The Visible Policy
Statement for Policy Year 11

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Statement:  Year 11

Here is my statement for the end of the eleventh 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, 2007


Life Insurance Death Benefit
as of May 10, 2007

  
Policy Cash Value
as of May 10, 2007

Base Plan Death Benefit $100,000.00

Base Plan Guaranteed Cash Value
$15,500.00
Death Benefit of Optional Paid up Life
  Insurance Rider (OPP)
25,064.00
Cash Value of Optional Paid up Life
  Insurance Rider (OPP)
11,064.00
Death Benefit of Paid up Additional
  Life Insurance provided by Dividends
12,991.00
Cash Value of Paid up Additional Life
  Insurance Provided by Dividends
5,247.98

TOTAL DEATH BENEFIT


$138,055.00



NET CASH VALUE


$31,811.98



Loan Summary
from May 11, 2006  to May 10, 2007



Dividend Summary
as of May 10, 2007

No activity during the period






The 2007 DIVIDEND credited
  to your policy
    The dividend of $866.60 provided
      $2,146 of increased Paid up
      Additional Life Insurance

$866.60






Summary of Our Disbursements
from May 11, 2006  to May 10, 2007



Summary of Your Payments
from May 11, 2006  to May 10, 2007

No activity during the period


Policy Premium
$1,764.00



Payment(s) for Optional Paid up
  Insurance Rider (OPP) Premium
636.00




TOTAL PAYMENTS


$2.400.00

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


June 1, 2006

Policy:     ## ### ###
Insured:   Richard W Franzen
0001223
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, 2006.  The remaining $636.00 was applied towards the purchase of paid-up additional insurance as of May 25, 2006 for an added death benefit amount of $1,438.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP).  Please be advised that any Billable OPP remittances will be confirmed on the next Annual Policy Summary you receive.

As of June 1, 2006, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $30,371.95 and a net death benefit of $135,981*.

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 10 to Year 11       -=>
9 May 2007
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
19,404

100,000
OPP Death Benefit 636
9,796
1,438 25,064
Dividend Death Benefit 866.60 2,146 12,991
Total Death Benefit 2,400
$29,200
3,584
$38,055
$138,055
Inflation-Adjusted Total Cost
and Base Death Benefit

$34,142
30apr07
CPI=2.6%

$132,076
Guaranteed Cash Value
1900 / 100,000 = 1.9%g

1,900.00 15,500.00
OPP Cash Value
314.36 / 25,064 = 1.25%g
616.92
9,494.90
314.36
1,569.10 
11,064.00
Dividend Cash Value
131.56 / 10,845 = 1.21%g
866.60
4,686.18
131.56
561.80 
5,247.98
Total Cash Value to Date $14,181.08 $17,630.90 $31,811.98

10may06
$27,982.54
div. return = (866.60 - 160) / 27.982.54
$160 + 2.53%
BBAG = (31,811.98 - 27,982.54 - 2,400) / (27,982.54 + 2,400)
IWR CV = (31,811.98 - 34,142) / 34,142
IWR DB = (138,055 - 132,076) / 124,376
4.7%
-6.8%
4.5%


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Accesses since 28 August 2010
last modified 22 November 2010
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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