Unofficial Reproduction of Annual Statement|
Page 3 of 3
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The Visible Policy is authorized or verified by NYL
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from Page 1 of Policy SummaryImportant 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
GGDear 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-###-####.
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|
|Base Death Benefit||1,764|
|OPP Death Benefit||236|
|Dividend Death Benefit||911.41||2,120||17,564|
|Total Death Benefit||
Inflation-Adjusted Total Cost|
and Base Death Benefit
|Guaranteed Cash Value|
¹ 1,900 / 100,000 = 1.9%g
|OPP Cash Value|
² 347.30 / 26,966 = 1.29%g
|Dividend Cash Value|
³ 201.38 / 15,444 = 1.30%g
|Total Cash Value to Date||$16,960.62||$22,685.91||$39,646.53|
= (911.41 - 160) / 36,057.52||
$160 + 2.08%|
= (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
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.|