Unofficial Reproduction of Annual Statement | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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100% Unapproved -- No content within
The Visible Policy is authorized or verified by NYL
-- 100% Unapproved |
from Page 1 of Policy Summary
Important Message to Policyowners:
Dividends payable in 2009 reflect a reduction in the Company's dividend
scale resulting from continued lower interest rates and investment experience.
For more information regarding the dividend reduction or to request an inforce
illustration, please contact your New York Life Agent listed above.
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June 13, 2008 Policy: ## ### ### Insured: Richard W Franzen GG
Dear Richard W Franzen:Thank you for your recent payment of $2,000.00. We used $1,764.00 to pay the annual premium due May 10, 2008. The remaining $236.00 was applied towards the purchase of paid-up additional insurance as of June 6, 2008 for an added death benefit amount of $504. 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 13, 2008, your policy, including riders, dividends, and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $38,063.10 and a net death benefit of $142,606*. 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
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<=-
Activity, Year 12 to Year 13
-=> | |||
9 May 2009 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 22,932 | 100,000 | |
OPP Death Benefit | 236 10,668 | 504 | 26,966 |
Dividend Death Benefit | 911.41 | 2,120 | 17,564 |
Total Death Benefit |
2,000 $33,600 |
2,624 $44,530 | $144,530 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$39,688 |
30apr09 CPI=-0.7% |
$136,266 |
Guaranteed Cash Value ¹ 1,900 / 100,000 = 1.9%g
| 1,900.00¹ | 19,500.00 | |
OPP Cash Value ² 347.30 / 26,966 = 1.29%g
| 228.92 10,340.74 | 347.30² 2,253.46 | 12,594.20 |
Dividend Cash Value ³ 201.38 / 15,444 = 1.30%g
| 911.41 6,619.88 | 201.38³ 932.45 | 7,552.33 |
Total Cash Value to Date | $16,960.62 | $22,685.91 | $39,646.53 |
10may08 $36,057.52
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div. return
= (911.41 - 160) / 36,057.52 |
$160 + 2.08% | ||
BBAG
= (39,646.53 - 36,057.52 - 2,000) / (36,057.52 + 2,000) IWR CV = (39,646.53 - 39,688) / 39,688 IWR DB = (144,530 - 136,266) / 136,266 | 4.2% -0.1% 6.1% |