Chew's Estate v. Commissioner

McCORD, Circuit Judge.

This is an appeal by petitioner for review, and involves deficiencies in estate taxes for the year 1940 in the amount of $2,984.50.

Questions presented: Did the sum of $22,539.85 paid to the beneficiary of insurance policies tinder provisions limiting the liability of the company in the event of death by self-destruction within the first two insurance years to an amount equal to premiums paid constitute “insurance” within the meaning of Section 811(g) of the Internal Revenue Code, 26 U.S.C.A. Int.Rev. Code, § 811(g) exempting from inclusion in the gross estate of a…