Unofficial Reproduction of Annual Statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Page 3 of 3
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
100% Unapproved -- No content within
The Visible Policy is authorized or verified by NYL
-- 100% Unapproved |
May 29, 2007 Policy: ## ### ### Insured: Richard W Franzen 0000871
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, 2007. The remaining $636.00 was applied towards the purchase of paid-up additional insurance as of May 21, 2007 for an added death benefit amount of $1,398.00. 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 May 29, 2007, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $34,210.28 and a net death benefit of $139,538*. 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, WP Tate William P. Tate, CLU, ChFC 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
|
<=-
Activity, Year 11 to Year 12
-=> | |||
9 May 2008 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 21,168 | 100,000 | |
OPP Death Benefit | 636 10,432 | 1,398 | 26,462 |
Dividend Death Benefit | 1022.29 | 2,453 | 15,444 |
Total Death Benefit |
2,400 $31,600 |
3,851 $41,906 | $141,906 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$37,968 |
30apr08 CPI=3.9% |
$137,227 |
Guaranteed Cash Value ¹ 2100 / 100,000 = 2.1%g
| 2,100.00¹ | 17,600.00 | |
OPP Cash Value ² 337.06 / 26,462 = 1.27%g
| 616.92 10,111.82 | 337.06² 1,906.16 | 12,017.98 |
Dividend Cash Value ³ 169.27 / 12,991 = 1.30%g
| 1022.29 5,708.47 | 169.27³ 731.07 | 6,439.54 |
Total Cash Value to Date | $15,820.29 | $20,237.23 | $36,057.52 |
10may07 $31,811.98
| |||
div. return
= (1022.29 - 160) / 31,811.98 |
$160 + 2.71% | ||
BBAG
= (36,057.52 - 31,811.98 - 2,400) / (31,811.98 + 2,400) IWR CV = (36,057.52 - 37,968) / 37,968 IWR DB = (141,906 - 137,227) / 137,227 | 5.4% -5.0% 3.4% |