The Visible Policy, Year 11

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 ¹ `1900 / 100,000 = 1.9%g`		1,900.00¹	15,500.00
OPP Cash Value ² `314.36 / 25,064 = 1.25%g`	616.92 9,494.90	314.36² 1,569.10	11,064.00
Dividend Cash Value ³ `131.56 / 10,845 = 1.21%g`	866.60 4,686.18	131.56³ 561.80	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%

Accesses since 28 August 2010
last modified 22 November 2010
© 2010 by Rich Franzen

Rich's Home Page <<|=- Current State Current Statement

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.

Statement: Year 11