Unofficial Reproduction of Annual Statement | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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The Visible Policy is authorized or verified by NYL
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May 9, 2003 Policy: ## ### ### Insured: Richard W Franzen 0000994
Dear Richard W Franzen:Thank you for your recent payment of $3,000.00. We used $1,764.00 to pay the annual premium due May 10, 2003. The remaining $1,236.00 was applied towards the purchase of paid-up additional insurance for an added death benefit amount of $3,054.00.  This is in accordance with your policy's Option to Purchase Paid-Up Additional Insurance rider (OPP). As of May 9, 2003, your policy, including riders, dividends and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $18,025.74 and a net death benefit of $118,942*. 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 *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 7 to Year 8
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9 May 2004 | Payments | Increase in Value | Total to Date |
Base Death Benefit | 1,764 14,112 | 100,000 | |
OPP Death Benefit | 1,236 5,688 | 3,054 | 15,385 |
Dividend Death Benefit | 494.76 | 1,350 | 7,508 |
Total Death Benefit |
3,000 $19,800 |
4,404 $22,893 | $122,893 |
Inflation-Adjusted Total Cost and Base Death Benefit |
$21,926 |
30apr04 CPI=2.3% |
$120,170 |
Guaranteed Cash Value ¹ 1800 / 100,000 = 1.8%g
| 1,800.00¹ | 9,800.00 | |
OPP Cash Value ² 182.51 / 15,385 = 1.19%g
| 1,198.92 5,510.14 | 182.51² 711.13 | 6,221.57 |
Dividend Cash Value ³ 74.37 / 6,158 = 1.21%g
| 494.76 2,533.04 | 74.37³ 221.714 | 2,754.75 |
Total Cash Value to Date | $8,043.18 | $10,733.14 | $18,776.32 |
early payment of $4,000 carried forward to next activity summary |
10may03 $15,025.76
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div. return
= (494.76 - 160) / 15,025.76 |
$160 + 2.23% | ||
BBAG
= (18,776.32 - 15,025.76 - 3000) / (15,025.76 + 3,000) IWR CV = (18,776.32 - 21,926) / 21,926 IWR DB = (122,893 - 120,170) / 120,170 | 4.2% -14.4% 2.3% |