The Visible Policy
Statement for Policy Year 15

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Statement:  Year 15

Here is my statement for the end of the fifteenth policy year.

Well it would be, but NYL's 2011 statement won't be available
until mid-May 2011. Until then, here are some things that
we do know.

April 27, 2010

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, 2010.  The remaining $236.00 was applied towards the purchase of paid-up additional insurance as of May 10, 2010 for an added death benefit amount of $477.  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 April 27, 2010, your policy, including riders, dividends, and paid-up additional insurance, less any loans and loan interest due, has a net cash value of $44,471.05 and a net death benefit of $146,146*.

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 14 to Year 15       -=:>
9 May 2011
Payments
Increase
in Value
Total
to Date
Base Death Benefit 1,764
26,460

100,000
OPP Death Benefit 236
11,140
477 27,933
Dividend Death Benefit ? ? 19,573+
Total Death Benefit 2,000
$37,600
2,499+
$47,029+
$147,029+
Inflation-Adjusted Total Cost
and Base Death Benefit

$42,605+
30apr11
CPI=?%

$139,264
Guaranteed Cash Value
2,100 / 100,000 = 2.1%g

2,100.00 23,600.00
OPP Cash Value
? / ? = ?%g
228.92
10,798.58
357.76+
2,611.22+ 
13,180.88+
Dividend Cash Value
? / 19,573 = ?%g
?
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+

10may10
$43,369.57
div. return = (? - 160) / 43,369.57
$160 + ?%
BBAG = (? - 43,369.57 - 2,000) / (43,369.57 + 2,000)
IWR CV = (? - ?) / ?
IWR DB = (? - ?) / ?
?%
?%
?%


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Accesses since 28 August 2010
last modified 22 November 2010
2010 by Rich Franzen

Rich's Home Page

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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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