TABLE 19-1
Asset Share Calculation
$100,000 Ordinary Life Policy Issued to a Male Aged 32
Gross Premium = $1,301

(1)

(2)

(2a)

(3)

(4)

(5)

(6)

(7)

Policy Year

Surviving and Persisting

Ex-penses

tive Prem-ium

Total Effective Premium (2) x (3)

Initial Fund (13)_{n - 1} + (4)

Initial Fund + Interest (5) x (1.0625)

Interest

1

10,000.00

$1,867

($566)

($5,661,200)

($5,661,200)

($6,015,025)

$793,839

2

7,993.85

136

1,165

9,312,277

1,847,287

1,962,742

820,021

3

6,708.17

136

1,165

7,814,544

6,830,900

7,257,832

831,414

4

5,762.10

136

1,165

6,712,443

11,260,574

11,964,360

828,780

5

5,006.05

136

1,165

5,831,693

15,095,556

16,039,028

810,724

6

4,348.43

136

1,165

5,065,617

18,051,288

19,179,494

781,473

7

3,819.96

136

1,165

4,449,987

20,420,055

21,696,308

743,077

8

3,355.23

136

1,165

3,908,613

22,251,261

23,641,964

710,635

9

2,946.55

136

1,165

3,432,526

23,634,176

25,111,312

680,119

10

2,616.57

136

1,165

3,048,121

24,823,217

26,374,668

662,395

11

2,349.14

66

1,235

2,901,142

26,064,036

27,693,038

647,817

12

2,132.01

66

1,235

2,632,991

27,258,309

28,961,954

643,398

13

1,955.72

66

1,235

2,415,274

28,441,867

30,219,483

643,230

14

1,813.03

66

1,235

2,239,052

29,660,266

31,514,033

651,792

15

1,698.31

66

1,235

2,097,383

30,949,211

32,883,537

664,516

16

1,590.37

66

1,235

1,964,071

32,132,636

34,140,925

677,240

17

1,488.78

66

1,235

1,838,614

33,222,028

35,298,405

688,445

18

1,393.19

66

1,235

1,720,560

34,228,367

36,367,640

701,461

19

1,303.21

66

1,235

1,609,442

35,160,381

37,357,905

713,505

20

1,218.53

66

1,235

1,504,856

36,027,832

38,279,572

730,394

TABLE 19-1 (Continued)
Asset Share Calculation
$100,000 Ordinary Life Policy Issued to a Male Aged 32
Gross Premium = $1,301

(8)

(9)

(10)

(11)

(12)

(13)

(14)

(15)

(16)

mum Cash Value

ren-ders

render

Dividend per $100,000

Total Dividend Paid (10) x (2)*

Fund Balance [(6)-(7)-(9)-(11)]

(2)_n+1

serve

serve

$0

1998

$0

$82

$656,126

($7,464,990)

($934)

$716

$0

0

1278

0

266

2,126,364

(983,643)

( 147)

1,464

754

0

938

0

280

1,878,286

4,548,131

789

2,247

1,542

230

748

171,897

295

1,699,819

9,263,863

1,851

3,063

2,364

1,063

650

690,759

310

1,551,874

12,985,671

2,986

3,914

3,221

1,931

521

1,006,016

327

1,421,937

15,970,068

4,181

4,798

4,112

2,834

458

1,296,517

344

1,314,066

18,342,648

5,467

5,716

5,036

3,771

402

1,515,085

362

1,214,595

20,201,650

6,856

6,667

5,995

4,742

323

1,533,461

381

1,122,636

21,775,096

8,322

7,653

6,987

5,747

261

1,500,135

401

1,049,245

23,162,893

9,860

8,671

8,012

6,786

211

1,430,913

421

988,988

24,625,319

11,550

9,723

9,073

7,861

170

1,336,822

448

955,141

26,026,593

13,308

10,810

10,168

8,970

136

1,224,117

476

930,922

27,421,215

15,125

11,933

11,299

10,116

108

1,096,647

504

913,765

28,851,829

16,989

13,092

12,465

11,299

102

1,146,953

532

903,502

30,168,565

18,970

14,288

13,670

12,519

95

1,189,666

560

890,605

31,383,414

21,080

15,521

14,912

13,778

89

1,225,261

589

876,892

32,507,807

23,333

16,795

16,195

15,078

83

1,254,249

618

860,990

33,550,939

25,745

18,107

17,517

16,418

78

1,276,941

648

844,482

34,522,977

28,332

19,460

18,880

17,799

73

1,293,726

679

827,379

35,428,072

31,111

20,850

20,280