The Visible Policy
Statement for Policy Year 6

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Statement:  Year 6

Here is my statement for the end of the sixth policy year.
Unofficial Reproduction of Annual Statement
      NEW
YORK
LIFE
     
The Company You Keep ®
 New York Life Insurance Company 
Annual Policy Summary 
Policy Number:  ## ### ### 
Page 2 of  2 
 

Insured: RICHARD W FRANZEN
 Date Prepared: May 10, 2002

Life Insurance Death Benefit
as of May 10, 2002
  
Policy Cash Value
as of May 10, 2002
Base Plan Death Benefit $100,000.00
Base Plan Guaranteed Cash Value
 $6,200.00
Death Benefit of Optional Paid up Life
  Insurance Rider (OPP)
 10,711.00
Cash Value of Optional Paid up Life
  Insurance Rider (OPP)
 4,079.71
Death Benefit of Paid up Additional
  Life Insurance provided by Dividends
 4,945.00
Cash Value of Paid up Additional Life
  Insurance Provided by Dividends
 1,699.81

TOTAL DEATH BENEFIT
$115,656.00
NET CASH VALUE
$11,979.52

Loan Summary
from May 11, 2001  to May 10, 2002
Dividend Summary
as of May 10, 2002
No activity during the period






 The 2002 DIVIDEND credited
  to your policy
    The dividend of $437.33 provided
      $1,275 of increased Paid up
      Additional Life Insurance
$437.33




Summary of Our Disbursements
from May 11, 2001  to May 10, 2002
Summary of Your Payments
from May 11, 2001  to May 10, 2002
No activity during the period



 No activity during the period


100% Unapproved --   No content within The Visible Policy is authorized or verified by NYL   -- 100% Unapproved

from Page 1 of Policy Summary
Dividends payable in 2002 reflect a reduction in the Company's dividend scale resulting from lower interest rates and investment returns in 2001.  In addition. the annual interest rate credited to policies having Dividends on Deposit has also been reduced.

May 3, 2001

Policy:     ## ### ###
Insured:   Richard W Franzen
0000673
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, 2001.  The remaining $636.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $1,670.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP).

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,
Steven L Nelson
Service Center Vice President


<=-       Activity, Year 5 to Year 6       -=>
9 May 2002
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
10,584

100,000
OPP Death Benefit 636
3,816
1,670 10,711
Dividend Death Benefit 437.33 1,275 4,945
Total Death Benefit 2,400
$14,400 		2,945
$15,656 		$115,656
Inflation-Adjusted Total Cost
and Base Death Benefit
 $15,636
 30apr02
CPI=1.6%
 $114,939
Guaranteed Cash Value
¹ 1,800 / 100,000 = 1.8%g

1,800.00¹ 6,200.00
OPP Cash Value
² 121.89 / 10,711 = 1.14%g
616.92
3,694.30
121.89²
385.41 
4,079.71
Dividend Cash Value
³ 44.51 / 3,670 = 1.21%g
437.33
1,608.14
44.51³
91.67 
1,699.81
Total Cash Value to Date $5,302.44 $6,677.08 $11,979.52

10may01
$8,958.87
div. return = (437.33 - 160) / 8,958.87
 $160 + 3.10%
BBAG = (11,979.52 - 8,958.87 - 2,400) / (8,958.87 + 2,400)
IWR CV = (11,979.52 - 15,636) / 15,636
IWR DB = (115,656 - 114,939) / 114,939
5.5%
-23.4%
0.6%

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Accesses since 5 August 2001
last modified 22 November 2010
© 2001 - 2010 by Rich Franzen

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No content within The Visible Policy has been approved, authorized, or verified by New York Life or any of its representatives.  I have attempted to fairly and accurately portray the policy, but there are likely to be mistakes.  Over time, I shall endeavor to correct any misinformation found herein.
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