The Visible Policy
Statement for Policy Year 13

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Statement:  Year 13

Here is my statement for the end of the thirteenth 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 3 of  3 
 

Insured: RICHARD W FRANZEN
Date Prepared: May 11, 2009


Life Insurance Death Benefit
as of May 10, 2009

  
Policy Cash Value
as of May 10, 2009

Base Plan Death Benefit $100,000.00
Base Plan Guaranteed Cash Value
$19,500.00
Death Benefit of Optional Paid up Life
  Insurance Rider (OPP)
26,966.00
Cash Value of Optional Paid up Life
  Insurance Rider (OPP)
12,594.20
Death Benefit of Paid up Additional
  Life Insurance purchased by Dividends
17,564.00
Cash Value of Paid up Additional Life
  Insurance purchased by Dividends
7,552.33

TOTAL DEATH BENEFIT


$144,530.00



NET CASH VALUE


$39,646.53



Loan Summary
from May 13, 2008  to May 11, 2009



Dividend Summary
as of May 10, 2009

No activity during the period






The 2009 DIVIDEND credited
  to your policy
    The dividend of $911.41 purchased
      $2,120 of increased Death
      Benefit Paid up Additional
      Life Insurance

$911.41






Summary of Our Disbursements
from May 13, 2008  to May 11, 2009



Summary of Your Payments
from May 13, 2008  to May 11, 2009

No activity during the period



Policy Premium
$1,764.00



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




TOTAL PAYMENTS


$2,000.00

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

from Page 1 of Policy Summary
Important Message to Policyowners:  Dividends payable in 2009 reflect a reduction in the Company's dividend scale resulting from continued lower interest rates and investment experience.  For more information regarding the dividend reduction or to request an inforce illustration, please contact your New York Life Agent listed above.


June 13, 2008

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

Thank you for your recent payment of $2,000.00.  We used $1,764.00 to pay the annual premium due May 10, 2008.  The remaining $236.00 was applied towards the purchase of paid-up additional insurance as of June 6, 2008 for an added death benefit amount of $504.  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 13, 2008, your policy, including riders, dividends, and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $38,063.10 and a net death benefit of $142,606*.

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,
WP Tate
William P. Tate, CLU, ChFC
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 12 to Year 13       -=>
9 May 2009
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
22,932

100,000
OPP Death Benefit 236
10,668
504 26,966
Dividend Death Benefit 911.41 2,120 17,564
Total Death Benefit 2,000
$33,600
2,624
$44,530
$144,530
Inflation-Adjusted Total Cost
and Base Death Benefit

$39,688
30apr09
CPI=-0.7%

$136,266
Guaranteed Cash Value
1,900 / 100,000 = 1.9%g

1,900.00 19,500.00
OPP Cash Value
347.30 / 26,966 = 1.29%g
228.92
10,340.74
347.30
2,253.46 
12,594.20
Dividend Cash Value
201.38 / 15,444 = 1.30%g
911.41
6,619.88
201.38
932.45 
7,552.33
Total Cash Value to Date $16,960.62 $22,685.91 $39,646.53

10may08
$36,057.52
div. return = (911.41 - 160) / 36,057.52
$160 + 2.08%
BBAG = (39,646.53 - 36,057.52 - 2,000) / (36,057.52 + 2,000)
IWR CV = (39,646.53 - 39,688) / 39,688
IWR DB = (144,530 - 136,266) / 136,266
4.2%
-0.1%
6.1%


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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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