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The Visible Policy is authorized or verified by NYL
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May 6, 2004 Policy: ## ### ### Insured: Richard W Franzen 0001492
Dear Richard W Franzen:Thank you for your recent payment of $4,000.00. We used $1,764.00 to pay the annual premium due May 10, 2004. The remaining $2,236.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $5,363.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP). As of May 6, 2004, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $22,281.01 and a net death benefit of $124,273*. 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, Steven L Nelson 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
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Activity, Year 8 to Year 9
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9 May 2005 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 15,876 | 100,000 | |
OPP Death Benefit | 2,236 7,924 | 5,363 | 20,748 |
Dividend Death Benefit | 578.83 | 1,528 | 9,036 |
Total Death Benefit |
4,000 $23,800 |
6,891 $29,784 | $129,784 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$26,833 |
30apr05 CPI=3.5% |
$124,376 |
Guaranteed Cash Value ¹ 1900 / 100,000 = 1.9%g
| 1,900.00¹ | 11,700.00 | |
OPP Cash Value ² 251.67 / 20,748 = 1.21%g
| 2,168.92 7,679.06 | 251.67² 963.10 | 8642.16 |
Dividend Cash Value ³ 90.78 / 7,508 = 1.21%g
| 578.83 3,111.87 | 90.78³ 312.49 | 3,424.36 |
Total Cash Value to Date | $10,790.93 | $12,975.59 | $23,766.52 |
10may04 $18,776.32
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div. return
= (578.83 - 160) / 18,776.32 |
$160 + 2.23% | ||
BBAG
= (23,766.52 - 18,776.32 - 4,000) / (18,776.32 + 4,000) IWR CV = (23,766.52 - 26,833) / 26,833 IWR DB = (129,784 - 124,376) / 124,376 | 4.3% -11.4% 4.3% |