Unofficial Reproduction of Annual Statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Visible Policy is authorized or verified by NYL
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June 2, 2005 Policy: ## ### ### Insured: Richard W Franzen 0003773
Dear Richard W Franzen:GG Thank you for your recent payment of $3,000.00. We used $1,764.00 to pay the annual premium due May 10, 2005. The remaining $1,236.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $2,878.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP). As of June 2, 2005, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $26,738.15 and a net death benefit of $132,720*. 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, George H. Hewlett 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 9 to Year 10
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9 May 2006 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 17,640 | 100,000 | |
OPP Death Benefit | 1,236 9,160 | 2,878 | 23,626 |
Dividend Death Benefit | 707.71 | 1,809 | 10,845 |
Total Death Benefit |
3,000 $26,800 |
4,687 $34,471 | $134,471 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$30,877 |
30apr06 CPI=3.5% |
$128,729 |
Guaranteed Cash Value ¹ 1900 / 100,000 = 1.9%g
| 1,900.00¹ | 13,600.00 | |
OPP Cash Value ² 291.64 / 23,626 = 1.23%g
| 1,198.92 8,877.98 | 291.64² 1,254.74 | 10,132.72 |
Dividend Cash Value ³ 117.75 / 9,036 = 1.30%g
| 707.71 3,819.58 | 117.75³ 430.24 | 4,249.82 |
Total Cash Value to Date | $12,697.56 | $15,284.98 | $27,982.54 |
10may05 $23,766.52
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div. return
= (707.71 - 160) / 23,766.52 |
$160 + 2.30% | ||
BBAG
= (27,982.54 - 23,766.52 - 3,000) / (23,766.52 + 3,000) IWR CV = (27,982.54 - 30,877) / 30,877 IWR DB = (134,471 - 128,729) / 128,729 | 4.5% -9.4% 4.5% |