The Visible Policy, Year 2

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 11, 1998

Life Insurance Death Benefit as of May 10, 1998		Policy Cash Value as of May 10, 1998
Base Plan Death Benefit	$100,000.00	Base Plan Guaranteed Cash Value	$0.00
Death Benefit of Optional Paid up Life Insurance Rider (OPP)	2,874.00	Cash Value of Optional Paid up Life Insurance Rider (OPP)	968.05
Death Benefit of Paid up Additional Life Insurance provided by Dividends	567.00	Cash Value of Paid up Additional Life Insurance Provided by Dividends	169.85
TOTAL DEATH BENEFIT	$103,441.00	NET CASH VALUE	$1,137.90

Loan Summary from May 13, 1997 to May 11, 1998		Dividend Summary as of May 10, 1998
No activity during the period		The 1998 DIVIDEND credited to your policy The dividend of $169.85 provided $567 of increased Paid up Additional Life Insurance	$169.85

Summary of Our Disbursements from May 13, 1997 to May 11, 1998		Summary of Your Payments from May 13, 1997 to May 11, 1998
No activity during the period		Payment(s) for Optional Paid up Insurance Rider (OPP) Premium	$672.00
		TOTAL PAYMENTS	$672.00

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

June 3, 1997

Policy Number: ## ### ###
Insured: RICHARD W FRANZEN

Dear RICHARD W FRANZEN

Thank you for your payment of $672.00. It purchased paid-up additional insurance with a death benefit of $1,997 in accordance with your policy's Option to Purchase Paid Up Additional Insurance rider (OPP).

As of June 3, 1997, your policy, including riders, dividends and additional insurance less any loans and loan interest due has a net cash value of $1,078.13 and the net death benefit is $104,491.

If you have any questions or would like additional information, please contact your agent or one of our customer service representatives at 1-800-###-####. Thank you for making New York Life The Company You Keep ®.

Sincerely,
Francis J Donnelly
Corporate Vice President

`<=-` Activity, Year 1 to Year 2 `-=>`
9 May 1998	Payments	Increase in Value	Total to Date
Base Death Benefit	1,764 3,528		100,000
OPP Death Benefit	672 972	1,997	2,874
Dividend Death Benefit	169.85	567	567
Total Death Benefit	2,436 $4,500	2,564 $3,441	$103,441
Inflation-Adjusted Total Cost and Base Death Benefit	$4,610	30apr98 CPI=1.4%	$103,935
Guaranteed Cash Value
OPP Cash Value ¹ `29.95 / 2874 = 1.04%g`	651.84 935.62	29.95¹ 32.43	968.05
Dividend Cash Value	169.85	0.00	169.85
Total Cash Value to Date	$1,105.47	$32.43	$1,137.90
			10may97 $286.26
div. return `= (169.85 - 160) / 286.26`		$160 + 3.44%
BBAG = (1137.90 - 286.26 - 2,436) / (286.26 + 2,436) IWR CV `= (1,137.90 - 4,610) / 4,610` IWR DB `= (103,441 - 103,935) / 103.935`			-58.2% -75.3% -0.5%

Accesses since 5 August 2001
last modified 22 November 2010
© 2001 - 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 2