442.530. Value of life estates--how computed. - Missouri Statutes

Value of life estates--how computed.

442.530. When a party as tenant for life, or by the curtesy,or in dower, is entitled to the annual interest on a sum ofmoney, or is entitled to the use of any estate, or part thereof,and is willing to accept a gross sum in lieu thereof, or theparty liable for such interest, or affected by such claim, hasthe right to pay a gross sum in lieu thereof, or if the court inany legal proceedings adjudge or decree a gross sum to be paid inlieu thereof, the sum shall be estimated according to the thenvalue of an annuity of six percent on the principal sum duringthe probable life of such person, according to the followingtable, showing the present value, on the basis of six percentinterest, of an annuity of one dollar, according to the Carlisletables of mortality, payable at the end of every year that aperson of a given age may be living for the ages therein stated:

TABLE

Age Present value

0 $10.439

1 12.078

2 12.925

3 13.652

4 14.042

5 14.325

6 14.460

7 14.518

8 14.526

9 14.500

10 14.448

11 14.384

12 14.321

13 14.257

14 14.191

15 14.126

16 14.067

17 14.012

18 13.956

19 13.897

20 13.835

21 13.769

22 13.697

23 13.621

24 13.541

25 13.456

26 13.368

27 13.275

28 13.182

29 13.096

30 13.020

31 12.942

32 12.860

33 12.771

34 12.675

35 12.573

36 12.465

37 12.354

38 12.239

39 12.120

40 12.002

41 11.890

42 11.779

43 11.668

44 11.551

45 11.428

46 11.296

47 11.154

48 10.998

49 10.823

50 10.631

51 10.422

52 10.208

53 9.988

54 9.761

55 9.524

56 9.280

57 9.027

58 8.772

59 8.529

60 8.304

61 8.108

62 7.913

63 7.714

64 7.502

65 7.281

66 7.049

67 6.803

68 6.546

69 6.277

70 5.998

71 5.704

72 5.424

73 5.170

74 4.944

75 4.760

76 4.579

77 4.410

78 4.238

79 4.040

80 3.858

81 3.656

82 3.474

83 3.286

84 3.102

85 2.909

86 2.739

87 2.599

88 2.515

89 2.417

90 2.266

91 2.248

92 2.337

93 2.440

94 2.492

95 2.522

96 2.486

97 2.368

98 2.227

99 2.004

100 1.596

101 1.175

102 0.744

103 0.314

(RSMo 1939 § 3522)

Prior revisions: 1929 § 3132; 1919 § 7547; 1909 § 8499

(1961) Statutes relating to reserves and nonforfeiture provisions of life insurance policies do not apply to term policies. Kern v. Prudential Ins. Co. of America, 393 F.2d 251.