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C. Dr. Domingo Policy
The December 28, 1993 and 1994, premiums of $53,093.13 on
the policy written on the single life of Dr. Domingo (Dr. Domingo
policy) were paid timely, and PUAR was purchased with additional
premiums of $52,656.87 in 1993 and $51,281.87 in 1994. In 1996,
the premium due on December 28, 1995, was paid timely with a
dividend withdrawal of $10,358.01 and a withdrawal of $42,735.12
from the PUAR. In 1997, the premium due on December 28, 1996,
was paid timely with a dividend withdrawal of $10,416.38 and a
withdrawal of $42,676.75 from the PUAR. The premium due on
December 28, 1997, was not paid timely, and the policy lapsed for
nonpayment of the premium. MetLife continued the policy as
nonparticipating paid-up term insurance with a face value of
$1,377,206 through December 1, 2000, at which time it was set to
be depleted of its cash value and thus to terminate without
value.
D. Domingos Survivor Whole Life Policy
The December 28, 1993 and 1994, premiums of $77,845 on the
Domingos survivor whole life policy were paid timely, and PUAR
was purchased in each year with additional premiums of $42,155.
In 1996, the premium due on December 28, 1995, was paid timely
with a dividend withdrawal of $8,960 and a withdrawal of $68,885
from the PUAR. In 1997, the premium due on December 28, 1996,
was paid timely with a dividend withdrawal of $9,616, a
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