Unofficial Reproduction of Annual Statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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June 1, 2006 Policy: ## ### ### Insured: Richard W Franzen 0001223
Dear Richard W Franzen:Thank you for your recent payment of $2,400.00. We used $1,764.00 to pay the annual premium due May 10, 2006. The remaining $636.00 was applied towards the purchase of paid-up additional insurance as of May 25, 2006 for an added death benefit amount of $1,438.00.  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 1, 2006, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $30,371.95 and a net death benefit of $135,981*. 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 10 to Year 11
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9 May 2007 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 19,404 | 100,000 | |
OPP Death Benefit | 636 9,796 | 1,438 | 25,064 |
Dividend Death Benefit | 866.60 | 2,146 | 12,991 |
Total Death Benefit |
2,400 $29,200 |
3,584 $38,055 | $138,055 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$34,142 |
30apr07 CPI=2.6% |
$132,076 |
Guaranteed Cash Value ¹ 1900 / 100,000 = 1.9%g
| 1,900.00¹ | 15,500.00 | |
OPP Cash Value ² 314.36 / 25,064 = 1.25%g
| 616.92 9,494.90 | 314.36² 1,569.10 | 11,064.00 |
Dividend Cash Value ³ 131.56 / 10,845 = 1.21%g
| 866.60 4,686.18 | 131.56³ 561.80 | 5,247.98 |
Total Cash Value to Date | $14,181.08 | $17,630.90 | $31,811.98 |
10may06 $27,982.54
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div. return
= (866.60 - 160) / 27.982.54 |
$160 + 2.53% | ||
BBAG
= (31,811.98 - 27,982.54 - 2,400) / (27,982.54 + 2,400) IWR CV = (31,811.98 - 34,142) / 34,142 IWR DB = (138,055 - 132,076) / 124,376 | 4.7% -6.8% 4.5% |