2015 Code of Virginia
Title 55 - Property and Conveyances
§ 55-274. Makehamized mortality table

When more than two parties as joint tenants for life, or three or more parties as tenants in successive estates are entitled to the annual interest on a sum of money, or are entitled to the use of any estate, or a part thereof, and are willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding decree a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable lives of such persons which probable lives shall be computed from the Makehamized mortality table for total population in the United States, 1969-1971, published by the Bureau of the Census of the Department of Commerce.

XAxAxxAxxxAxxxxCx

012.06011.67011.30510.9581.000
112.29112.12411.97311.8321.147
212.29112.12711.97911.8431.315
312.28612.12011.97111.8341.508
412.27812.10711.95611.8161.730
512.26712.09111.93411.7911.984
612.25612.07111.90911.7602.275
712.24212.04911.87911.7242.609
812.22712.02411.84611.6842.992
912.21111.99611.80911.6383.431
1012.19211.96511.76611.5873.935
1112.17111.93011.72011.5294.512
1212.14911.89211.66811.4665.175
1312.12511.85211.61511.4015.935
1412.10211.81211.56211.3366.806
1512.07811.77311.51011.2747.805
1612.05511.73611.46211.2158.951
1712.03211.70111.41611.16210.265
1812.01011.66611.37311.11111.772
1911.98811.63211.33011.06213.501
2011.96411.59611.28611.01115.483
2111.93911.55911.24010.95917.756
2211.91311.52111.19310.90520.362
2311.88611.48011.14410.85023.352
2411.85711.43711.09110.78926.780
2511.82411.38911.03210.72330.712
2611.78911.33610.96810.64935.221
2711.75111.27810.89610.56740.392
2811.70911.21510.81810.47846.321
2911.66411.14810.73410.38253.122
3011.61511.07510.64510.27960.921
3111.56410.99810.55010.17169.865
3211.51010.91710.45010.05680.122
3311.45210.83110.3449.93691.885
3411.39110.74110.2339.809105.375
3511.32610.64510.1179.677120.845
3611.25810.5459.9959.539138.586
3711.18610.4409.8689.396158.932
3811.11010.3319.7359.247182.266
3911.03110.2179.5999.094209.024
4010.94810.0989.4578.936239.712
4110.8619.9759.3118.773274.904
4210.7709.8479.1598.605315.263
4310.6759.7149.0028.432361.548
4410.5769.5768.8418.256414.627
4510.4739.4348.6778.076475.500
4610.3659.2888.5087.893545.309
4710.2549.1388.3367.707625.367
4810.1388.9838.1607.517717.178
4910.0188.8247.9797.234822.468
509.8938.6617.7967.129943.217
519.7648.4937.6086.9301081.692
529.6318.3227.4186.7301240.497
539.4938.1477.2266.5291422.617
549.3527.9707.0336.3281631.475
559.2077.7906.8386.1271870.995
569.0577.6086.6435.9272145.679
578.9047.4236.4475.7272460.691
588.7477.2376.2505.5292821.950
598.5867.0486.0535.3313236.246
608.4216.8565.8555.1333711.365
618.2526.6625.6564.9364256.238
628.0786.4665.4574.7404881.105
637.9006.2675.2574.5445597.710
647.7186.0675.0564.3496419.521
657.5325.8654.8574.1577361.984
667.3435.6634.6593.9678442.811
677.1505.4604.4623.7809682.318
686.9545.2564.2663.59611103.798
696.7555.0524.0723.41412733.969
706.5524.8473.8793.23414603.468
716.3454.6403.6853.05516747.432
726.1344.4313.4902.87519206.157
735.9204.2223.2962.69722025.851
745.7054.0153.1062.52325259.510
755.4913.8122.9222.35628967.909
765.2793.6152.7452.19733220.746
775.0693.4242.5772.04738097.950
784.8613.2392.4151.90543691.186
794.6543.0572.2581.76850105.577
804.4482.8792.1061.63657461.677
814.2442.7061.9591.50965897.740
824.0442.5381.8181.38975572.319
833.8462.3761.6841.27686667.243
843.6522.2171.5541.16699391.034
853.4592.0611.4251.058113982.830
863.2721.9111.3020.955130716.878
873.0971.7741.1920.863149907.684
882.9341.6511.0950.784171915.931
892.7801.5371.0070.713197155.252
902.6301.4260.9220.645226100.009
912.4851.3190.8390.579259294.204
922.3501.2200.7630.519297361.704
932.2271.1310.6950.465341017.971
942.1181.0530.6360.419391083.501
952.0240.9860.5860.380448499.252
961.9430.9310.5460.349514344.324
971.8730.8850.5120.324589856.243
981.8110.8450.4840.302676454.218
991.7540.8100.4590.284775765.815
1001.7010.7790.4370.268889657.545
1011.6510.7510.4170.2541020269.949
1021.6020.7260.4000.2411170057.821
1031.5500.7030.3850.2301341836.349
1041.4920.6820.3720.2211538834.028
1051.4200.6610.3590.2121764753.329
1061.3220.6370.3480.2052023840.295
1071.1780.6020.3350.1972320964.336
1080.9550.5350.3120.1882661709.752
1090.5950.3830.2460.1583052480.684

Example: Three persons age 30, 40, and 45 are joint tenants for life in the whole of an estate worth $10,500: the equivalent equal age, w, of these 3 persons is given by the following formula:

C30 + C40 + C45

Cw = = 258.711 where

C30, C40, and C45 are found in column 6 of the above table.

A linear interpolation between x = 40 and x = 41 in the above table would yield the value of x = 40.540 which would be the equivalent equal age of the persons involved.

Finally, a linear interpolation between x = 40 and x = 41 would yield the value of A = 9.378 40.540:40.540:40.540

This figure multiplied by $840 (the interest at 8% on $10,500) gives $7,877.52 as the gross value of the joint life estate of such persons therein.

1946, p. 557; Michie Suppl. 1946, § 5133a3; 1973, c. 355; 1981, c. 612.