For annuities of which the payment is made throughout the life time of the payer, the beneficiary, or a third person, the value shall be determined as follows:
1.With the person aged below ten (10) years, the value shall be nine (9) times the annual annuity payment.
2.With the person aged of ten (10) years up to twenty (20) years, the value shall be eight (8) times the annual annuity payment.
3.With the person aged of twenty (20) years up to thirty (30) years, the value shall be seven (7) times the annual annuity payment.
4.With the person aged of thirty (30) years up to forty (40) years, the value shall be five (5) times the annual annuity payment.
5.With the person aged of forty (40) years up to fifty (50) years, the value shall be three (3) times the annual annuity payment.
6.With the person aged of fifty (50) years up to sixty (60) years, the value shall be two (2) times the annual annuity payment.
7.With the person aged above sixty (60) years, the value shall be the annual annuity payment.