The Visible Policy
Statement for Policy Year 14

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Statement:  Year 14

Here is my statement for the end of the fourteenth 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 3 of  3 
 

Insured: RICHARD W FRANZEN
Date Prepared: May 10, 2010


Life Insurance Death Benefit
as of May 10, 2010

  
Policy Cash Value
as of May 10, 2010

Base Plan Death Benefit $100,000.00

Base Plan Guaranteed Cash Value
$21,500
Death Benefit of Optional Paid up Life
  Insurance Rider (OPP)
27,933.00
Cash Value of Optional Paid up Life
  Insurance Rider (OPP)
13,409.80
Death Benefit of Paid up Additional
  Life Insurance purchased by Dividends
19,573.00
Cash Value of Paid up Additional Life
  Insurance purchased by Dividends
8,688.69
Premiums paid beyond May 10, 2010
1,764.00
Premiums paid beyond May 10, 2010
1,764.00

TOTAL DEATH BENEFIT


$149,270.00



NET CASH VALUE


$45,362.49



Loan Summary
from May 12, 2009  to May 10, 2010



Dividend Summary
as of May 10, 2010

No activity during the period






The 2010 DIVIDEND credited
  to your policy
    The dividend of $890.27 purchased
      $2,009 of increased Death
      Benefit Paid up Additional
      Life Insurance

$890.27






Summary of Our Disbursements
from May 12, 2009  to May 10, 2010



Summary of Your Payments
from May 12, 2009  to May 10, 2010

No activity during the period


Policy Premium
$3,528.00



Payment(s) for Optional Paid up
  Insurance Rider (OPP) Premium
472.00




TOTAL PAYMENTS


$4,00.00

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 2010 represent a reduction in the Company's dividend scale reflecting last year's economic environment and market conditions.  For more information regarding the dividend reduction or to request an inforce illustration, please contact your New York Life Agent listed above.


May 12, 2009

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, 2009.  The remaining $236.00 was applied towards the purchase of paid-up additional insurance as of May 10, 2009 for an added death benefit amount of $490.  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 12, 2009, your policy, including riders, dividends, and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $41,640.71 and a net death benefit of $145,106*.

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,
Myra M Cox
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 13 to Year 14       -=:>
9 May 2010
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
24,696

100,000
OPP Death Benefit 236
10,904
490 27,456
Dividend Death Benefit 890.27 2,009 19,573
Total Death Benefit 2,000
$35,600
2,499
$47,029
$147,029
Inflation-Adjusted Total Cost
and Base Death Benefit

$42,605
30apr10
CPI=2.2%

$139,264
Guaranteed Cash Value
2,000 / 100,000 = 2.0%g

2,000.00 21,500.00
OPP Cash Value
357.76 / 27,456 = 1.30%g
228.92
10,569.66
357.76
2,611.22 
13,180.88
Dividend Cash Value
246.09 / 17,564 = 1.40%g
890.27
7,510.15
246.09
1,178.54 
8,688.69
Total Cash Value to Date $18,079.81 $25,289.76 $43,369.57
early payment of $2,000 carried forward to next activity summary
Sneak Peak into next year

10may09
$39,646.53
div. return = (890.27 - 160) / 39,646.53
$160 + 1.84%
BBAG = (43,369.57 - 39,646.53 - 2,000) / (39,646.53 + 2,000)
IWR CV = (43,369.57 - 42,605) / 42,605
IWR DB = (147,029 - 139,264) / 139,264
4.1%
1.8%
5.6%


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Accesses since 28 August 2010
last modified 22 November 2010
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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