The Visible Policy, Year 3

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, 1999

Life Insurance Death Benefit as of May 10, 1999		Policy Cash Value as of May 10, 1999
Base Plan Death Benefit	$100,000.00	Base Plan Guaranteed Cash Value	$1,300.00
Death Benefit of Optional Paid up Life Insurance Rider (OPP)	5,554.00	Cash Value of Optional Paid up Life Insurance Rider (OPP)	1,929.96
Death Benefit of Paid up Additional Life Insurance provided by Dividends	1,345.00	Cash Value of Paid up Additional Life Insurance Provided by Dividends	416.94
Premiums paid beyond May 10, 1999	1,764.00	Premiums paid beyond May 10, 1999	1,764.00
TOTAL DEATH BENEFIT	$108,633.00	NET CASH VALUE	$5,410.90

Loan Summary from May 12, 1998 to May 10, 1999		Dividend Summary as of May 10, 1999
No activity during the period		The 1999 DIVIDEND credited to your policy The dividend of $241.17 provided $778 of increased Paid up Additional Life Insurance	$241.17

Summary of Our Disbursements from May 12, 1998 to May 10, 1999		Summary of Your Payments from May 12, 1998 to May 10, 1999
No activity during the period		Policy Premium	$3528.00
		Payment(s) for Optional Paid up Insurance Rider (OPP) Premium	936.00
		TOTAL PAYMENTS	$4,464.00

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

June 12, 1998

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

Dear RICHARD W FRANZEN

Thank you for your payment of $936.00. It purchased paid-up additional insurance with a death benefit of $2,680 in accordance with your policy's Option to Purchase Paid Up Additional Insurance rider (OPP).

As of June 12, 1998, your policy, including riders, dividends and additional insurance less any loans and loan interest due has a net cash value of $3,581.13 and the net death benefit is $107,631.

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 2 to Year 3 `-=>`
9 May 1999	Payments	Increase in Value	Total to Date
Base Death Benefit	1,764 5,292		100,000
OPP Death Benefit	936 1,908	2,680	5,554
Dividend Death Benefit	241.17	778	1,345
Total Death Benefit	2,700 $7,200	3,458 $6,899	$106,899
Inflation-Adjusted Total Cost and Base Death Benefit	$7,478	30apr99 CPI=2.3%	$106,326
Guaranteed Cash Value ¹ `1300 / 100,000 = 1.3%g`		1,300¹	1,300
OPP Cash Value ² `53.99 / 5,554 = 0.97%g`	907.92 1,843.54	53.99² 86.42	1,929.96
Dividend Cash Value ³ `5.92 / 567 = 1.04%g`	241.17 411.02	5.92³	416.94
Total Cash Value to Date	$2,254.56	$1,392.34	$3,646.90
early payment of $1,764 carried forward to next activity summary			10may98 $1,137.90
div. return `= (241.17 - 160) / 1,137.90`		$160 + 7.13%
BBAG = (3,649.90 - 1,137.90 - 2,700) / (1,137.90 + 2,700) IWR CV `= (3,646.90 - 7,478) / 7,478` IWR DB `= (106,899 - 106,326) / 106,326`			-5.0% -51.2% 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 3