The Visible Policy
In-Depth Analysis of One
Participating Whole Life Insurance Policy
by Rich Franzen

External Links
GlossPinion
(most text items are clickable links)
Pictures of Content

Summarized Table of Contents
i. Introduction
1. My Motivations
2. Current Policy State
3. Cash Value Analysis
4. Death Benefit Analysis
5. Black Box Annual Gain
6. Inflation Wave Ratio
7. How Whole Life Works
8. Current Annual Statement
9. Living Benefits
10. Final Remarks
A1. Spreadsheet Model
A2. Spreadsheet Validation
 B. Rate of Return
 C. NYLIC Mutuality
Synopsis: The Visible Policy site is a web book about my participating whole life insurance policy. It includes background information, raw data, and analysis. By investigating one specific policy, visitors may better understand whole life insurance in general.

Cantilevered Table of Contents
 Title Page 

 Chapter 1:  Overview


About the Visible Policy
Ch.1
 Introduction
 Getting Started
Pg.i


Motivations
Ch.1
 Goals
 Questions & Answers
          ... be your own banker?
 Modeled Strategies
 Tips and Style
Pg.1


Current State
Ch.1
 Current Policy Snapshot
 My Policy Only!
 Mutuality Philosophy
Pg.2

 Chapter 2:  Into the Future


Let the Future Begin!
Ch.2
 Base Policy Cash-Value Illustration
 Front-Loaded Cash-Value Illustration
 Numeric Model Summary
Pg.3


Let the Future End!
Ch.2
 Benefits of Death
 Strategy Comparisons
 Outliving Death
Pg.4

 Chapter 3:  Model Results


Bbag It!  (Black Box Annual Gain)
Ch.3
 In the BBAG
 Style Conventions & Mini-Sheet #1
Base Policy Early Years 
 Mini-Sheet #2
Front-Loaded Policy Early Years 
Pg.5


Deflate This!  (Inflation Wave Ratio)
Ch.3
 Ride the Wave!
 Dead Man's Wave!
Pg.6

 Chapter 4:  How It Works


Deconstruct That!
Ch.4
 Core Policy Machine
 Dividend Machine
 PUA Cash Value Machine
 Loan Machine
 Reserves:  the Bigger Picture
 Cost of Insurance
 Cost Basis
 Orphaned Cash Value
Pg.7


State This!
Ch.4
 Current Annual Statement
 Statement Notes
 Statement Restated
Pg.8

 Chapter 5:  Final View


Without Even Dying!
Ch.5
 Living Benefits
 Not Yet Dead
Pg.9


Final Remarks
Ch.5
 Conclusions?
 Differently?
Pg.10


 Annex A:  Model Details


Model This!
An.A
 If You Build It, They Will Sum
(download spreadsheet from this section)
 Source Data
 Assumptions of the Model
Pg.A1


Check It Out!
An.A
 Model Validation
 Nonlinear Linear
 Dividend PUA, Optional PUA
Pg.A2

 Annex B:  Rate of Return


Yield!
An.B
 CFA'S Rate of Return Report
 Comments
Pg.B

 Annex C:  NYLIC and Mutuality


Still Mutual!
An.C
 My Letter to Sy
 New York Life's Reply
Pg.C


Statements:  1   2   3   4   5   6   7   8   9  10
11  12  13  14  15-prelim 
Policy Data:  2  2a 

 Open Letter to NYLIC Lawyers
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Accesses since 30 May 2001
last modified 22 November 2010
2001 - 2010 by Rich Franzen

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