The magic opening has been crossed...

The magic opening has been crossed. As of tribe 1, 32 states--six more than the requisite 26--had adopted the use of the 2001 Commissioners Standard Ordinary Table or a similar archetype This means that as of Jan. 1 2008 the U Treasury Department will require life insurers to use this latest life insurance mortality table for their tax computations.

"Adoption by dint of 26 states defines the table as a prevailing mortality standard for federal income tax purposes;' said Lloyd Spencer head of Client crops Solutions for ING Re's Individual Life & Health Operation. The U Treasury Department has