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Partial Surrender/Partial Withdrawal
LOB:
Variable Life II
Contract #:
004442055
Inforce agency code:
999
Insured name:
SALLY JONES
Policy status:
Premium Paying
Partial Surrender/Partial Withdrawal:
Amount (Refer to Account Value Quote Screen):
Effective date:
03/20/1999
Surrender charge (Refer to Quote Screen):
Contract Information
Before
After
Base policy face amount:
50,000.00
Base annual standard premium:
1,684.50
Base annual substandard premium:
285.00
Base annual disability premium:
0.00
Death benefit option:
3
3
Cash surrender value:
18,359.04
16,339.04
*Fund account balance:
18,359.04
16,339.04
Loan amount:
0.00
0.00
Loan interest:
0.00
0.00
Loan asset credit:
0.00
0.00
Accumulated surrender charge:
0.00
20.00
Tax Information
Before
After
Cost basis:
0.00
0.00
Gain:
18,359.04
16,339.04
MEC status:
None
None
Total 7-pay premium:
7,374.27
5,625.27
Guideline single premium:
0.00
0.00
Accumulated guideline level:
0.00
0.00
Premiums paid for guideline:
0.00
0.00
Current year guideline premium margin:
0.00
0.00
Excess guideline amount paid:
0.00
0
Total distribution amount:
0.00
2,000.00
Taxable distribution amount:
0.00
2,000.00
Corridor death benefit:
0.00
20,060.57
Recapture ceiling amount:
0
2020
Penalty tax indicator:
No
No
Distribution code:
None
Normal
Alerts:
Taxable distribution due to recapture ceiling
*Fund Account Balance represents values as of 03/19/1999.
This does not reflect actual values as of the transaction date due to fund performance.
KCI Policy Webstation version 2.1i COPYRIGHT ©1999 by Koehler Consulting, Inc.