Terminal reserve at end of tenth year | $14,601.00 |
Terminal reserve at end of ninth year | 12,965.00 |
Increase | 1,636.00 |
One-third of such increase (Z having died four months following the last preceding premium date) is | 545.33 |
Terminal reserve at end of ninth year | 12,965.00 |
Interpolated terminal reserve at date of Z's death | 13,510.33 |
Two-thirds of gross premium (2/3 * $2,811) | 1,874.00 |
Value of the insurance policy | 15,384.33 |
26 C.F.R. §20.2031-8