Use of Actuarial Tables in Valuing Annuities,
Interests for Life or Terms of Years, &
Remainder or Reversionary Interests
DEPARTMENT OF THE TREASURY
Internal Revenue Service 26 CFR Parts 1, 20, and 25 [TD 8819] RIN
1545-AX14
TITLE: Use of Actuarial Tables in Valuing Annuities, Interests for
Life or Terms of Years, and Remainder or Reversionary Interests
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final and temporary regulations.
SUMMARY: This document contains regulations relating to the use of
actuarial tables in valuing annuities, interests for life or terms
of years, and remainder or reversionary interests. These regulations
are necessary because section 7520(c)(3) directs the Secretary to
update the actuarial tables to reflect the most recent mortality
experience available. These regulations will effect the valuation of
inter vivos and testamentary transfers of interests dependent on one
or more measuring lives. The text of the temporary regulations also
serves as the text of the proposed regulations set forth in the
notice of proposed rulemaking on this subject elsewhere in this
issue of the Federal Register.
DATES: These regulations are effective May 1, 1999.
FOR FURTHER INFORMATION CONTACT: Concerning the regulations, William
L. Blodgett, (202) 622-3090 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
This document contains amendments to the regulations revising
certain tables used for the valuation of partial interests in
property under section 7520 of the Internal Revenue Code of 1986
(Code) to reflect the most recent mortality experience available.
In General
Section 7520, effective for transfers for which the valuation date
is after April 30, 1989, provides that the value of an annuity, an
interest for life or a term of years, and a remainder or
reversionary interest is to be determined under tables published by
the Internal Revenue Service based on a discount rate (rounded to
the nearest two-tenths of one percent) equal to 120 percent of the
applicable Federal mid-term rate in effect under section 1274(d)(1)
for the month in which the valuation date falls. Section 7520(c)(3)
directed the Secretary to issue tables not later than December 31,
1989, utilizing the then most recent mortality experience.
Thereafter, the Secretary is directed to revise the tables used in
valuing interests dependent on mortality experience not less
frequently than once each 10 years to take into account the most
recent mortality experience available as of the time of the
revision.
These regulations incorporate revised Table S (Single Life Remainder
Factors) and Table U(1) (Unitrust Single Life Remainder Factors)
based on data compiled from the 1990 census as set forth in Life
Table 90CM, and make conforming amendments to various sections to
reflect the revised tables. The current tables are moved to sections
containing actuarial material for historical reference. Table B,
Table D, Tables F(4.2) through F(14.0), Table J, and Table K, which
are not based on mortality experience, are not changed. Internal
Revenue Service Publications 1457 "Actuarial Values, Book Aleph"
(forthcoming 1999), 1458 "Actuarial Values, Book Beth" (forthcoming
1999), and 1459 "Actuarial Values, Book Gimel" (forthcoming 1999)
will contain a complete set of actuarial tables that include factors
not contained in the regulations (for example, annuity and life
interest factors). Although not available on May 1, 1999, IRS
anticipates these publications will be available by July 1, 1999.
These publications will be available for purchase from the
Superintendent of Documents, United States Government Printing
Office, Washington, DC 20402.
The following chart summarizes the applicable interest rates and the
citations to textual materials and tables for the various periods
covered under the regulations:
Cross Reference to Regulation Sections
Valuation Interest Regulation
Period Rate Section Table
Section 642:
Valuation, in general - 1.642(c)-6
before 01/01/52 4% 1.642(c)-6A(a)
01/01/52 - 12/31/70 3.5% 1.642(c)-6A(b)
01/01/71 - 11/30/83 6% 1.642(c)-6A(c)
12/01/83 - 04/30/89 10% 1.642(c)-6A(d) Table G
05/01/89 - 04/30/99 �7520 1.642(c)-6A(e) Table S(5/1/89-4/30/99)
after 04/30/99 �7520 1.642(c)-6T(e) Table S(after 04/30/99)
Section 664:
Valuation, in general - 1.664-4.4
before 01/01/52 4% 1.664-4A(a)
01/01/52 - 12/31/70 3.5% 1.664-4A(b)
01/01/71 - 11/30/83 6% 1.664-4A(c)
12/01/83 - 04/30/89 10% 1.664-4A(d) Table E, Table F(1)
05/01/89 - 04/30/99 �7520 1.664-4A(e) Table U(1)(5/1/89-4/30/99)
after 04/30/99 �7520 1.664-4T(e) Table U(1)(after 04/30/99)
1.664-4(e) Table D and
Tables F(4.2) - F(14.0)
Section 2031:
Valuation, in general - 20.2031-7
before 01/01/52 4% 20.2031-7A(a)
01/01/52 - 12/31/70 3.5% 20.2031-7A(b)
01/01/71 - 11/30/83 6% 20.2031-7A(c)
12/01/83 - 04/30/89 10% 20.2031-7A(d) Table A, B, Table LN
05/01/89 - 04/30/99 �7520 20.2031-7A(e) Table S(5/1/89-4/30/99)
Life Table 80CNSMT
after 04/30/99 �7520 20.2031-7T(d) Table S(after 04/30/99)
and
Life Table 90CM
20.2031-7(d) Table B, Table J, Table K,
Section 2512:
Valuation, in general - 25.2512-5
before 01/01/52 4% 25.2512-5A(a)
01/01/52 - 12/31/70 3.5% 25.2512-5A(b)
01/01/71 - 11/30/83 6% 25.2512-5A(c)
12/01/83 - 04/30/89 10% 25.2512-5A(d)
05/01/89 - 04/30/99 �7520 25.2512-5A(e)
after 04/30/99 �7520 25.2512-5T(d)
Effective Dates
These regulations are applicable in the case of annuities, interests
for life or terms of years, and remainder or reversionary interests
created after April 30, 1999.
Transitional Rules
The regulations provide certain transitional rules intended to
alleviate any adverse consequences resulting from the proposed
regulatory change. For gift tax purposes, if the valuation date of a
transfer is after April 30, 1999, but before July 1, 1999, the donor
may determine the value of the gift (and/or any applicable
charitable deduction) under tables based on either Life Table
80CNSMT or Table 90CM (at the donor's option). Similarly, for estate
tax purposes, if the decedent dies after April 30, 1999, but before
July 1, 1999, the value of any interest (and/or any applicable
charitable deduction) may be determined under tables based on either
Table 80CNSMT or Table 90CM, at the option of the decedent's
executor. However, the section 7520 interest rate utilized is the
appropriate rate for the month in which the valuation date occurs.
In accordance with this transitional rule and those contained in
��1.7520-2(a)(2), 20.7520-2(a)(2) and 25.7520-2(a)(2), in cases
involving a charitable deduction, if the valuation date occurs after
April 30, 1999, and before July 1, 1999, and the executor or donor
elects under section 7520(a) to use the section 7520 interest rate
for March 1999 or April 1999, then the mortality experience
contained in 80CNSMT must be used. If the executor or donor uses the
section 7520 interest rate for May 1999 or for June 1999, then the
tables based on either Table 80CNSMT or Table 90CM may be used.
However, if the valuation date occurs after June 30, 1999, the
executor or donor must use the new mortality experience contained in
Table 90CM even if a prior month interest rate election under
section 7520(a) is made.
In addition, for estate tax purposes, the estate of a mentally
incompetent decedent may elect to value the property interest
included in the gross estate under the mortality table and interest
rate in effect at the time the decedent became mentally incompetent
or the mortality table and interest rate in effect on the decedent's
date of death if the decedent was under a mental incapacity that
existed on May 1, 1999, and continued uninterrupted until the
decedent's death, or the decedent died within 90 days of regaining
competency after April 30, 1999.
Special Analysis
It has been determined that this Treasury decision is not a
significant regulatory action as defined in EO 12866. Therefore, a
regulatory assessment is not required. It also has been determined
that section 553(b) of the Administrative Procedure Act (5 U.S.C.
chapter 5) does not apply to these regulations, and because these
regulations do not impose a collection of information requirement on
small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6)
does not apply. Therefore, a Regulatory Flexibility Analysis is not
required. Pursuant to section 7805(f) of the Internal Revenue Code,
these regulations will be submitted to the Chief Counsel for
Advocacy of the Small Business Administration for comment on its
impact on small business.
Drafting Information
The principal author of these regulations is William L. Blodgett,
Office of Assistant Chief Counsel (Passthroughs and Special
Industries), IRS. However, other personnel from the IRS and Treasury
Department participated in their development.
List of Subjects
26 CFR Part 1 Income taxes, Reporting and recordkeeping
requirements.
26 CFR Part 20.7 Estate taxes, Reporting and recordkeeping
requirements.
26 CFR Part 25 Gift taxes, Reporting and recordkeeping requirements.
Adoption of Amendments to the Regulations Accordingly, 26 CFR parts
1, 20, and 25 are amended as follows:
PART 1--INCOME TAXES
Paragraph 1. The authority citation for part 1 is amended by adding
entries in numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Section 1.170A-12 also issued under 26 U.S.C. 170(f)(4). * * *
Section 1.642(c)-6 also issued under 26 U.S.C. 642(c)(5).
Section 1.642(c)-6T also issued under 26 U.S.C. 642(c)(5).
Section 1.642(c)-6A also issued under 26 U.S.C. 642(c)(5).
Section 1.664-1 also issued under 26 U.S.C. 664(a).
Section 1.664-2 also issued under 26 U.S.C. 664(a).
Section 1.664-3 also issued under 26 U.S.C. 664(a).
Section 1.664-4 also issued under 26 U.S.C. 664(a).
Section 1.664-4T also issued under 26 U.S.C. 664(a).
Section 1.664-4A also issued under 26 U.S.C. 664(a). * * *
Section 1.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *
Par. 2. Section 1.170A-6 is amended by revising paragraph (c)(5),
Example (2)(b) introductory text to read as follows:
�1.170A-6 Charitable contributions in trust.
* * * * *
(c) * * *
(5) * * *
Example 2. * * *
(b) The section 7520 rate at the time of the transfer was 6.0
percent. By reference to Table F(6.0) in �1.664-4(e)(6), the
adjusted payout rate is 4.717% (5% x 0.943396). The present value of
the reversion is $6,473.75, computed by reference to Table D in
�1.664-4(e)(6), as follows:
* * * * *
Par. 3. Section 1.170A-12T is added to read as follows:
�1.170A-12T Valuation of a remainder interest in real property for
contributions made after July 31, 1969 (temporary).
(a) through (b)(1) [Reserved] For further guidance see �1.170A-12(a)
through (b)(1).
(b)(2) Computation of depreciation factor after April 30, 1999. If
the valuation of the remainder interest in depreciable property is
dependent upon the continuation of one life, a special factor must
be used. The factor determined under this paragraph (b)(2) is
carried to the fifth decimal place. The special factor is to be
computed on the basis of the interest rate and life contingencies
prescribed in �20.2031-7T (or for certain prior periods,
�20.2031-7A) of this chapter (Estate Tax Regulations) and on the
assumption that the property depreciates on a straight-line basis
over its estimated.
1 1 1
1 1 1
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useful life. For transfers for which the valuation date is after
April 30, 1999, special factors for determining the present value of
a remainder interest following one life and an example describing
the computation is contained in Internal Revenue Service Publication
1459, "Actuarial Values, Book Gimel," (1999). A copy of this
publication is available for purchase from the Superintendent of
Documents, United States Government Printing Office, Washington, DC
20402. See, however, �1.7520-3(b) (relating to exceptions to the use
of prescribed tables under certain circumstances).
Otherwise, in the case of the valuation of a remainder interest
following one life, the special factor may be obtained through use
of the following formula:
Where:
n=the estimated number of years of useful life,
i=the applicable interest rate under section 7520 of the Internal
Revenue Code,
v=1 divided by the sum of 1 plus the applicable interest rate under
section 7520 of the Internal Revenue Code,
x=the age of the life tenant, and
lx=number of persons living at age x as set forth in Table 90CM of
�20.2031-7T (or, for prior periods, the tables set forth under
�20.2031-7A) of this chapter.
(3) The following example illustrates the provisions of this
paragraph (b):
Example. A, who is 62, donates to Y University a remainder interest
in a personal residence, consisting of a house and land, subject to
a reserved life estate in A. At the time of the gift, the land has a
value of $30,000 and the house has a value of $100,000 with an
estimated useful life of 45 years, at the end of which the value of
the house is expected to be $20,000. The portion of the property
considered to be depreciable is $80,000 (the value of the house
($100,000) less its expected value at the end of 45 years
($20,000)). The portion of the property considered to be
nondepreciable is $50,000 (the value of the land at the time of the
gift ($30,000) plus the expected value of the house at the end of 45
years ($20,000)). At the time of the gift, the interest rate
prescribed under section 7520 is 8.4 percent. Based on an interest
rate of 8.4 percent, the remainder factor for $1.00 prescribed in
�20.2031-7T(d) of this chapter for a person age 62 is 0.27925. The
value of the nondepreciable remainder interest is $13,962.50
(0.27925 times $50,000). The value of the depreciable remainder
interest is $16,148.80 (0.20186, computed under the formula
described in paragraph (b)(2) of this section, times $80,000).
Therefore, the value of the remainder interest is $30,111.30.
(c) through (e) [Reserved]. For further guidance see �1.170A-12(c)
through (e).
Par. 4. Section 1.642(c)-6 is amended as follows:
1. Revise the section heading.
2. Paragraph (d) is removed.
3. Paragraph (e) is redesignated as paragraph (e) of �1.642(c)-6A.
4. New paragraphs (d) and (e) are added.
5. Paragraph (f) is revised.
The revisions and addition read as follows:
�1.642(c)-6 Valuation of a remainder interest in property
transferred to a pooled income fund.
* * * * *
(d) and (e) [Reserved]. For further guidance, see �1.642(c)-6T(d)
and (e).
(f) Effective dates. This section applies after April 30, 1989, and
before May 1, 1999.
Par. 5. Section 1.642(c)-6T is added to read as follows:
�1.642(c)-6T Valuation of a remainder interest in property
transferred to a pooled income fund (temporary).
(a) through (c) [Reserved]. For further guidance, see �1.642(c)-6(a)
through (c).
(d) Valuation. The present value of the remainder interest in
property transferred to a pooled income fund after April 30, 1999,
is determined under paragraph (e) of this section. The present value
of the remainder interest in property transferred to a pooled income
fund for which the valuation date is before May 1, 1999, is
determined under the following sections:
Valuation Dates Applicable After Before Regulations S 01-01-52
1.642(c)-6A(a) 12-31-51 01-01-71 1.642(c)-6A(b) 12-31-70 12-01-83
1.642(c)-6A(c) 11-30-83 05-01-89 1.642(c)-6A(d) 04-30-89 05-01-99
1.642(c)-6A(e)
(e) Present value of the remainder interest in the case of transfers
to pooled income funds for which the valuation date is after April
30, 1999--(1) In general. In the case of transfers to pooled income
funds for which the valuation date is after April 30, 1999, the
present value of a remainder interest is determined under this
section. See, however, �1.7520-3(b) (relating to exceptions to the
use of prescribed tables under certain circumstances). The present
value of a remainder interest that is dependent on the termination
of the life of one individual is computed by the use of Table S in
paragraph (e)(6) of this section. For purposes of the computations
under this section, the age of an individual is the age at the
individual's nearest birthday.
(2) Transitional rules for valuation of transfers to pooled income
funds. (i) For purposes of sections 2055, 2106, or 2624, if on May
1, 1999, the decedent was mentally incompetent so that the
disposition of the property could not be changed, and the decedent
died after April 30, 1999, without having regained competency to
dispose of the decedent's property, or the decedent died within 90
days of the date that the decedent first regained competency after
April 30, 1999, the present value of a remainder interest is
determined as if the valuation date with respect to the decedent's
gross estate is either before May 1, 1999, or after April 30, 1999,
at the option of the decedent's executor.
(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the
case of transfers to a pooled income fund for which the valuation
date is after April 30, 1999, and before July 1, 1999, the present
value of the remainder interest under this section is determined by
use of the section 7520 interest rate for the month in which the
valuation date occurs (See ��1.7520-1(b) and 1.7520-2(a)(2)) and the
appropriate actuarial tables under either paragraph (e)(6) of this
section or �1.642(c)-6A(e)(5), at the option of the donor or the
decedent's executor, as the case may be.
(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section,
where the donor or decedent's executor is given the option to use
the appropriate actuarial tables under either paragraph (e)(6) of
this section or �1.642(c)-6A(e)(5), the donor or decedent's executor
must use the same actuarial table with respect to each individual
transaction and with respect to all transfers occurring on the
valuation date (e.g., gift and income tax charitable deductions with
respect to the same transfer must be determined based on the same
tables, and all assets includible in the gross estate and/or estate
tax deductions claimed must be valued based on the same tables).
(3) Present value of a remainder interest. The present value of a
remainder interest in property transferred to a pooled income fund
is computed on the basis of--
(i) Life contingencies determined from the values of lx that are set
forth in Table 90CM in �20.2031-7T(d)(7) of this chapter (Estate Tax
Regulations) (See � 20.2031-7A of this chapter for certain prior
periods); and
(ii) Discount at a rate of interest, compounded annually, equal to
the highest yearly rate of return of the pooled income fund for the
3 taxable years immediately preceding its taxable year in which the
transfer of property to the fund is made. For purposes of this
paragraph (e), the yearly rate of return of a pooled income fund is
determined as provided in �1.642(c)-6(c) unless the highest rate of
return is deemed to be the rate described in paragraph (e)(4) of
this section for funds in existence less than 3 taxable years. For
purposes of this paragraph (e)(3)(ii), the first taxable year of a
pooled income fund is considered a taxable year even though the
taxable year consists of less than 12 months. However, appropriate
adjustments must be made to annualize the rate of return earned by
the fund for that period. Where it appears from the facts and
circumstances that the highest yearly rate of return of the fund for
the 3 taxable years immediately preceding the taxable year in which
the transfer of property is made has been purposely manipulated to
be substantially less than the rate of return that would otherwise
be reasonably anticipated with the purpose of obtaining an excessive
charitable deduction, that rate of return may not be used. In that
case, the highest yearly rate of return of the fund is determined by
treating the fund as a pooled income fund that has been in existence
for less than 3 preceding taxable years.
(4) Pooled income funds in existence less than 3 taxable years. If a
pooled income fund has been in existence less than 3 taxable years
immediately preceding the taxable year in which the transfer is made
to the fund and the transfer to the fund is made after April 30,
1989, the highest rate of return is deemed to be the interest rate
(rounded to the nearest two-tenths of one percent) that is 1 percent
less than the highest annual average of the monthly section 7520
rates for the 3 calendar years immediately preceding the calendar
year in which the transfer to the pooled income fund is made. The
deemed rate of return for transfers to new pooled income funds is
recomputed each calendar year using the monthly section 7520 rates
for the 3-year period immediately preceding the calendar year in
which each transfer to the fund is made until the fund has been in
existence for 3 taxable years and can compute its highest rate of
return for the 3 taxable years immediately preceding the taxable
year in which the transfer of property to the fund is made in
accordance with the rules set forth in the first sentence of
paragraph (e)(3)(ii) of this section.
(5) Computation of value of remainder interest. The factor that is
used in determining the present value of a remainder interest that
is dependent on the termination of the life of one individual is the
factor from Table S in paragraph (e)(6) of this section under the
appropriate yearly rate of return opposite the number that
corresponds to the age of the individual upon whose life the value
of the remainder interest is based (See �1.642(c)-6A for certain
prior periods). The tables in paragraph (e)(6) of this section
include factors for yearly rates of return from 4.2 to 14 percent.
Many actuarial factors not contained in the tables in paragraph (e)
(6) of this section is contained in Table S in Internal Revenue
Service Publication 1457, "Actuarial Values, Book Aleph," (1999). A
copy of this publication is available for purchase from the
Superintendent of Documents, United States Government Printing
Office, Washington, DC 20402. For other situations, see
�1.642(c)-6(b). If the yearly rate of return is a percentage that is
between the yearly rates of return for which factors are provided, a
linear interpolation must be made. The present value of the
remainder interest is determined by multiplying the fair market
value of the property on the valuation date by the appropriate
remainder factor. This paragraph (e)(5) may be illustrated by the
following example:
Example. A, who is 54 years and 8 months, transfers $100,000 to a
pooled income fund, and retains a life income interest in the
property. The highest yearly rate of return earned by the fund for
its 3 preceding taxable years is 9.47 percent. In Table S, the
remainder factor opposite 55 years under 9.4 percent is .17449 and
under 9.6 percent is .17001. The present value of the remainder
interest is $17,292.00, computed as follows:
Factor at 9.4 percent for age 55 ......... .17449
Factor at 9.6 percent for age 55 ......... .17001
Difference ............................... .00448
Interpolation adjustment:
9.47% - 9.4% = x
0.2% .00448
x = .00157
Factor at 9.4 percent for age 55 ......... .17449
Less: Interpolation adjustment ........... .00157
Interpolated factor ...................... .17292
Present value of remainder interest:
($100,000 X .17292) ............ $17,292.00
(6) Actuarial tables. In the case of transfers for which the
valuation date is after April 30, 1999, the present value of a
remainder interest dependent on the termination of one life in the
case of a transfer to a pooled income fund is determined by use of
the following Table S:
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
0 .06752 .06130 .05586 .05109 .04691 .04322 .03998 .03711 .03458 .03233
1 .06137 .05495 .04932 .04438 .04003 .03620 .03283 .02985 .02721 .02487
2 .06325 .05667 .05088 .04580 .04132 .03737 .03388 .03079 .02806 .02563
3 .06545 .05869 .05275 .04752 .04291 .03883 .03523 .03203 .02920 .02668
4 .06784 .06092 .05482 .04944 .04469 .04048 .03676 .03346 .03052 .02791
5 .07040 .06331 .05705 .05152 .04662 .04229 .03845 .03503 .03199 .02928
6 .07310 .06583 .05941 .05372 .04869 .04422 .04025 .03672 .03357 .03076
7 .07594 .06849 .06191 .05607 .05089 .04628 .04219 .03854 .03528 .03236
8 .07891 .07129 .06453 .05853 .05321 .04846 .04424 .04046 .03709 .03407
9 .08203 .07423 .06731 .06115 .05567 .05079 .04643 .04253 .03904 .03592
10 .08532 .07734 .07024 .06392 .05829 .05326 .04877 .04474 .04114 .03790
11 .08875 .08059 .07331 .06683 .06104 .05587 .05124 .04709 .04336 .04002
12 .09233 .08398 .07653 .06989 .06394 .05862 .05385 .04957 .04572 .04226
13 .09601 .08748 .07985 .07304 .06693 .06146 .05655 .05214 .04816 .04458
14 .09974 .09102 .08322 .07624 .06997 .06435 .05929 .05474 .05064 .04694
15 .10350 .09460 .08661 .07946 .07303 .06725 .06204 .05735 .05312 .04930
16 .10728 .09818 .09001 .08268 .07608 .07014 .06479 .05996 .05559 .05164
17 .11108 .10179 .09344 .08592 .07916 .07306 .06755 .06257 .05807 .05399
18 .11494 .10545 .09691 .08921 .08227 .07601 .07034 .06521 .06057 .05636
19 .11889 .10921 .10047 .09259 .08548 .07904 .07322 .06794 .06315 .05880
20 .12298 .11310 .10417 .09610 .08881 .08220 .07622 .07078 .06584 .06135
21 .12722 .11713 .10801 .09976 .09228 .08550 .07935 .07375 .06866 .06403
22 .13159 .12130 .11199 .10354 .09588 .08893 .08260 .07685 .07160 .06682
23 .13613 .12563 .11612 .10748 .09964 .09250 .08601 .08009 .07468 .06975
24 .14084 .13014 .12043 .11160 .10357 .09625 .08958 .08349 .07793 .07284
25 .14574 .13484 .12493 .11591 .10768 .10018 .09334 .08708 .08135 .07611
26 .15084 .13974 .12963 .12041 .11199 .10431 .09728 .09085 .08496 .07956
27 .15615 .14485 .13454 .12513 .11652 .10865 .10144 .09484 .08878 .08322
28 .16166 .15016 .13965 .13004 .12124 .11319 .10580 .09901 .09279 .08706
29 .16737 .15567 .14497 .13516 .12617 .11792 .11035 .10339 .09699 .09109
30 .17328 .16138 .15048 .14047 .13129 .12286 .11510 .10796 .10138 .09532
31 .17938 .16728 .15618 .14599 .13661 .12799 .12004 .11272 .10597 .09974
32 .18568 .17339 .16210 .15171 .14214 .13333 .12520 .11769 .11076 .10435
33 .19220 .17972 .16824 .15766 .14790 .13889 .13058 .12289 .11578 .10920
34 .19894 .18627 .17460 .16383 .15388 .14468 .13618 .12831 .12102 .11426
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
35 .20592 .19307 .18121 .17025 .16011 .15073 .14204 .13399 .12652 .11958
36 .21312 .20010 .18805 .17691 .16658 .15701 .14814 .13990 .13225 .12514
37 .22057 .20737 .19514 .18382 .17331 .16356 .15450 .14608 .13825 .13096
38 .22827 .21490 .20251 .19100 .18031 .17038 .16113 .15253 .14452 .13705
39 .23623 .22270 .21013 .19845 .18759 .17747 .16805 .15927 .15108 .14344
40 .24446 .23078 .21805 .20620 .19516 .18487 .17527 .16631 .15795 .15013
41 .25298 .23915 .22626 .21425 .20305 .19259 .18282 .17368 .16514 .15715
42 .26178 .24782 .23478 .22262 .21125 .20062 .19069 .18138 .17267 .16450
43 .27087 .25678 .24360 .23129 .21977 .20898 .19888 .18941 .18053 .17220
44 .28025 .26603 .25273 .24027 .22860 .21766 .20740 .19777 .18873 .18023
45 .28987 .27555 .26212 .24953 .23772 .22664 .21622 .20644 .19724 .18858
46 .29976 .28533 .27179 .25908 .24714 .23591 .22536 .21542 .20606 .19725
47 .30987 .29535 .28171 .26889 .25682 .24546 .23476 .22468 .21518 .20621
48 .32023 .30563 .29190 .27897 .26678 .25530 .24447 .23425 .22460 .21549
49 .33082 .31615 .30234 .28931 .27702 .26543 .25447 .24412 .23434 .22509
50 .34166 .32694 .31306 .29995 .28756 .27586 .26479 .25432 .24441 .23502
51 .35274 .33798 .32404 .31085 .29838 .28658 .27541 .26482 .25479 .24528
52 .36402 .34924 .33525 .32200 .30946 .29757 .28630 .27561 .26547 .25584
53 .37550 .36070 .34668 .33339 .32078 .30882 .29746 .28667 .27643 .26669
54 .38717 .37237 .35833 .34500 .33234 .32031 .30888 .29801 .28766 .27782
55 .39903 .38424 .37019 .35683 .34413 .33205 .32056 .30961 .29918 .28925
56 .41108 .39631 .38227 .36890 .35617 .34405 .33250 .32149 .31099 .30097
57 .42330 .40857 .39455 .38118 .36844 .35629 .34469 .33363 .32306 .31297
58 .43566 .42098 .40699 .39364 .38089 .36873 .35710 .34600 .33538 .32522
59 .44811 .43351 .41956 .40623 .39350 .38133 .36968 .35855 .34789 .33768
60 .46066 .44613 .43224 .41896 .40624 .39408 .38243 .37127 .36058 .35033
61 .47330 .45887 .44505 .43182 .41914 .40699 .39535 .38418 .37347 .36318
62 .48608 .47175 .45802 .44485 .43223 .42011 .40848 .39732 .38660 .37629
63 .49898 .48478 .47115 .45807 .44550 .43343 .42184 .41069 .39997 .38966
64 .51200 .49793 .48442 .47143 .45895 .44694 .43539 .42427 .41357 .40326
65 .52512 .51121 .49782 .48495 .47255 .46062 .44912 .43805 .42738 .41709
66 .53835 .52461 .51137 .49862 .48634 .47449 .46307 .45206 .44143 .43118
67 .55174 .53818 .52511 .51250 .50034 .48860 .47727 .46633 .45576 .44556
68 .56524 .55188 .53899 .52654 .51452 .50291 .49168 .48083 .47034 .46020
69 .57882 .56568 .55299 .54071 .52885 .51737 .50627 .49552 .48513 .47506
70 .59242 .57951 .56703 .55495 .54325 .53193 .52096 .51034 .50004 .49007
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
71 .60598 .59332 .58106 .56918 .55767 .54651 .53569 .52520 .51503 .50516
72 .61948 .60707 .59504 .58338 .57206 .56108 .55043 .54009 .53004 .52029
73 .63287 .62073 .60895 .59751 .58640 .57561 .56513 .55495 .54505 .53543
74 .64621 .63435 .62282 .61162 .60073 .59015 .57985 .56984 .56009 .55061
75 .65953 .64796 .63671 .62575 .61510 .60473 .59463 .58480 .57523 .56591
76 .67287 .66160 .65063 .63995 .62954 .61940 .60952 .59989 .59050 .58135
77 .68622 .67526 .66459 .65419 .64404 .63415 .62450 .61509 .60590 .59694
78 .69954 .68892 .67856 .66845 .65858 .64895 .63955 .63036 .62140 .61264
79 .71278 .70250 .69246 .68265 .67308 .66372 .65457 .64563 .63690 .62836
80 .72581 .71588 .70618 .69668 .68740 .67833 .66945 .66077 .65227 .64396
81 .73857 .72899 .71962 .71045 .70147 .69268 .68408 .67566 .66741 .65933
82 .75101 .74178 .73274 .72389 .71522 .70672 .69840 .69024 .68225 .67441
83 .76311 .75423 .74553 .73700 .72864 .72044 .71240 .70451 .69678 .68919
84 .77497 .76645 .75809 .74988 .74183 .73393 .72618 .71857 .71110 .70377
85 .78665 .77848 .77047 .76260 .75487 .74728 .73982 .73250 .72530 .71823
86 .79805 .79025 .78258 .77504 .76764 .76036 .75320 .74617 .73925 .73245
87 .80904 .80159 .79427 .78706 .77998 .77301 .76615 .75940 .75277 .74624
88 .81962 .81251 .80552 .79865 .79188 .78521 .77865 .77220 .76584 .75958
89 .82978 .82302 .81636 .80980 .80335 .79699 .79072 .78455 .77847 .77248
90 .83952 .83309 .82676 .82052 .81437 .80831 .80234 .79645 .79064 .78492
91 .84870 .84260 .83658 .83064 .82479 .81902 .81332 .80771 .80217 .79671
92 .85716 .85136 .84563 .83998 .83441 .82891 .82348 .81812 .81283 .80761
93 .86494 .85942 .85396 .84858 .84326 .83801 .83283 .82771 .82266 .81767
94 .87216 .86690 .86170 .85657 .85149 .84648 .84153 .83664 .83181 .82704
95 .87898 .87397 .86902 .86412 .85928 .85450 .84977 .84510 .84049 .83592
96 .88537 .88060 .87587 .87121 .86659 .86203 .85751 .85305 .84864 .84427
97 .89127 .88672 .88221 .87775 .87335 .86898 .86467 .86040 .85618 .85200
98 .89680 .89245 .88815 .88389 .87968 .87551 .87138 .86730 .86326 .85926
99 .90217 .89803 .89393 .88987 .88585 .88187 .87793 .87402 .87016 .86633
100 .90738 .90344 .89953 .89567 .89183 .88804 .88428 .88056 .87687 .87322
101 .91250 .90876 .90504 .90137 .89772 .89412 .89054 .88699 .88348 .88000
102 .91751 .91396 .91045 .90696 .90350 .90007 .89668 .89331 .88997 .88666
103 .92247 .91912 .91579 .91249 .90922 .90598 .90276 .89957 .89640 .89326
104 .92775 .92460 .92148 .91839 .91532 .91227 .90924 .90624 .90326 .90031
105 .93290 .92996 .92704 .92415 .92127 .91841 .91558 .91276 .90997 .90719
106 .93948 .93680 .93415 .93151 .92889 .92628 .92370 .92113 .91857 .91604
107 .94739 .94504 .94271 .94039 .93808 .93579 .93351 .93124 .92899 .92675
108 .95950 .95767 .95585 .95404 .95224 .95045 .94867 .94689 .94512 .94336
109 .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
0 .03034 .02857 .02700 .02559 .02433 .02321 .02220 .02129 .02047 .01973
1 .02279 .02094 .01929 .01782 .01650 .01533 .01427 .01331 .01246 .01168
2 .02347 .02155 .01983 .01829 .01692 .01569 .01458 .01358 .01268 .01187
3 .02444 .02243 .02065 .01905 .01761 .01632 .01516 .01412 .01317 .01232
4 .02558 .02349 .02163 .01996 .01846 .01712 .01590 .01481 .01382 .01292
5 .02686 .02469 .02275 .02101 .01945 .01804 .01677 .01562 .01458 .01364
6 .02825 .02600 .02398 .02217 .02053 .01906 .01773 .01653 .01544 .01445
7 .02976 .02742 .02532 .02343 .02172 .02019 .01880 .01754 .01640 .01536
8 .03137 .02894 .02675 .02479 .02301 .02140 .01995 .01864 .01744 .01635
9 .03311 .03059 .02832 .02627 .02442 .02274 .02122 .01985 .01859 .01745
10 .03499 .03237 .03001 .02788 .02595 .02420 .02262 .02118 .01987 .01867
11 .03700 .03428 .03183 .02961 .02760 .02578 .02413 .02262 .02125 .02000
12 .03913 .03632 .03377 .03146 .02937 .02748 .02575 .02418 .02275 .02144
13 .04135 .03843 .03579 .03339 .03122 .02924 .02744 .02580 .02431 .02294
14 .04359 .04057 .03783 .03534 .03308 .03102 .02915 .02744 .02587 .02444
15 .04584 .04270 .03986 .03728 .03493 .03279 .03083 .02905 .02742 .02593
16 .04806 .04482 .04187 .03919 .03674 .03452 .03248 .03063 .02892 .02736
17 .05029 .04692 .04387 .04108 .03855 .03623 .03411 .03218 .03040 .02877
18 .05253 .04905 .04588 .04299 .04036 .03795 .03574 .03373 .03187 .03017
19 .05484 .05124 .04796 .04496 .04222 .03972 .03742 .03532 .03339 .03161
20 .05726 .05354 .05013 .04702 .04418 .04158 .03919 .03700 .03498 .03313
21 .05980 .05595 .05242 .04920 .04625 .04354 .04105 .03877 .03667 .03473
22 .06246 .05847 .05482 .05147 .04841 .04559 .04301 .04063 .03844 .03642
23 .06524 .06112 .05734 .05387 .05069 .04777 .04508 .04260 .04032 .03821
24 .06819 .06392 .06001 .05642 .05312 .05008 .04728 .04470 .04232 .04012
25 .07131 .06690 .06285 .05913 .05570 .05255 .04964 .04695 .04447 .04218
26 .07460 .07005 .06586 .06200 .05845 .05518 .05215 .04936 .04677 .04438
27 .07810 .07340 .06907 .06508 .06140 .05800 .05485 .05195 .04925 .04676
28 .08179 .07693 .07246 .06833 .06451 .06098 .05772 .05469 .05189 .04929
29 .08566 .08065 .07603 .07176 .06780 .06414 .06075 .05761 .05469 .05198
30 .08973 .08456 .07978 .07536 .07127 .06748 .06396 .06069 .05766 .05483
31 .09398 .08865 .08372 .07915 .07491 .07098 .06733 .06394 .06078 .05785
32 .09843 .09294 .08785 .08313 .07875 .07468 .07089 .06737 .06409 .06103
33 .10310 .09745 .09220 .08732 .08279 .07858 .07466 .07100 .06759 .06441
34 .10799 .10217 .09676 .09173 .08705 .08269 .07862 .07483 .07129 .06798
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
35 .11314 .10715 .10157 .09638 .09155 .08704 .08283 .07890 .07522 .07179
36 .11852 .11236 .10662 .10127 .09628 .09162 .08726 .08319 .07938 .07581
37 .12416 .11783 .11193 .10641 .10126 .09645 .09194 .08772 .08377 .08006
38 .13009 .12359 .11751 .11183 .10652 .10155 .09689 .09253 .08843 .08459
39 .13629 .12962 .12338 .11753 .11206 .10693 .10212 .09761 .09337 .08938
40 .14281 .13597 .12955 .12355 .11791 .11262 .10766 .10299 .09860 .09447
41 .14966 .14264 .13606 .12989 .12409 .11864 .11352 .10870 .10417 .09989
42 .15685 .14966 .14291 .13657 .13061 .12500 .11972 .11475 .11006 .10564
43 .16437 .15702 .15010 .14360 .13747 .13171 .12627 .12115 .11631 .11174
44 .17224 .16472 .15764 .15098 .14469 .13876 .13317 .12789 .12290 .11819
45 .18042 .17274 .16550 .15867 .15223 .14615 .14040 .13496 .12982 .12496
46 .18893 .18110 .17370 .16671 .16011 .15387 .14796 .14238 .13708 .13207
47 .19775 .18975 .18220 .17505 .16830 .16190 .15584 .15010 .14466 .13950
48 .20688 .19873 .19102 .18373 .17682 .17027 .16406 .15817 .15258 .14727
49 .21633 .20804 .20018 .19274 .18568 .17898 .17262 .16658 .16084 .15539
50 .22612 .21769 .20969 .20210 .19490 .18805 .18155 .17536 .16948 .16388
51 .23625 .22769 .21955 .21182 .20448 .19749 .19084 .18452 .17849 .17275
52 .24669 .23799 .22973 .22186 .21438 .20726 .20047 .19400 .18784 .18196
53 .25742 .24861 .24022 .23222 .22461 .21735 .21043 .20383 .19753 .19151
54 .26845 .25952 .25101 .24290 .23516 .22777 .22072 .21399 .20756 .20140
55 .27978 .27074 .26212 .25389 .24604 .23853 .23136 .22450 .21793 .21166
56 .29140 .28227 .27355 .26522 .25725 .24963 .24233 .23535 .22867 .22227
57 .30333 .29411 .28529 .27686 .26879 .26106 .25365 .24656 .23976 .23324
58 .31551 .30621 .29731 .28878 .28061 .27278 .26528 .25807 .25116 .24453
59 .32790 .31854 .30956 .30095 .29269 .28477 .27716 .26986 .26284 .25610
60 .34050 .33107 .32202 .31334 .30500 .29699 .28929 .28190 .27478 .26794
61 .35331 .34384 .33473 .32598 .31757 .30948 .30170 .29422 .28701 .28007
62 .36639 .35688 .34772 .33892 .33044 .32229 .31443 .30687 .29958 .29255
63 .37974 .37020 .36101 .35216 .34363 .33542 .32750 .31986 .31250 .30539
64 .39334 .38378 .37456 .36568 .35711 .34884 .34087 .33317 .32574 .31857
65 .40718 .39761 .38838 .37947 .37087 .36257 .35455 .34681 .33932 .33208
66 .42128 .41172 .40249 .39357 .38496 .37663 .36858 .36079 .35326 .34597
67 .43569 .42616 .41694 .40803 .39941 .39107 .38299 .37518 .36761 .36028
68 .45038 .44089 .43170 .42281 .41419 .40585 .39777 .38994 .38235 .37499
69 .46531 .45587 .44672 .43786 .42927 .42094 .41286 .40503 .39743 .39006
70 .48040 .47103 .46194 .45312 .44456 .43626 .42820 .42038 .41278 .40540
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
71 .49558 .48629 .47727 .46851 .46000 .45174 .44371 .43591 .42832 .42095
72 .51082 .50162 .49268 .48399 .47554 .46733 .45934 .45157 .44401 .43666
73 .52607 .51697 .50813 .49952 .49114 .48299 .47506 .46733 .45981 .45249
74 .54139 .53241 .52367 .51515 .50686 .49879 .49092 .48325 .47578 .46849
75 .55683 .54798 .53936 .53095 .52276 .51477 .50698 .49938 .49197 .48474
76 .57243 .56373 .55524 .54696 .53888 .53100 .52330 .51579 .50846 .50130
77 .58819 .57965 .57132 .56318 .55523 .54747 .53988 .53247 .52523 .51815
78 .60408 .59572 .58755 .57957 .57177 .56414 .55668 .54939 .54225 .53527
79 .62001 .61184 .60385 .59604 .58840 .58092 .57360 .56644 .55943 .55256
80 .63582 .62786 .62007 .61244 .60497 .59765 .59048 .58347 .57659 .56985
81 .65142 .64367 .63608 .62864 .62135 .61421 .60721 .60034 .59361 .58701
82 .66673 .65920 .65182 .64458 .63748 .63052 .62368 .61698 .61041 .60395
83 .68175 .67444 .66728 .66024 .65334 .64656 .63991 .63338 .62696 .62066
84 .69657 .68950 .68256 .67574 .66904 .66246 .65599 .64964 .64340 .63727
85 .71128 .70446 .69775 .69116 .68467 .67830 .67204 .66587 .65982 .65386
86 .72576 .71919 .71272 .70636 .70010 .69394 .68789 .68193 .67606 .67029
87 .73981 .73349 .72726 .72114 .71511 .70917 .70333 .69757 .69190 .68632
88 .75342 .74735 .74137 .73548 .72968 .72396 .71833 .71279 .70732 .70194
89 .76658 .76076 .75503 .74938 .74381 .73832 .73290 .72757 .72231 .71712
90 .77928 .77371 .76823 .76281 .75748 .75221 .74702 .74190 .73684 .73186
91 .79131 .78600 .78075 .77557 .77046 .76542 .76044 .75553 .75068 .74589
92 .80246 .79737 .79235 .78740 .78250 .77767 .77290 .76818 .76353 .75893
93 .81274 .80788 .80307 .79832 .79363 .78899 .78441 .77989 .77542 .77100
94 .82232 .81766 .81306 .80850 .80401 .79956 .79517 .79082 .78653 .78228
95 .83141 .82695 .82254 .81818 .81387 .80961 .80539 .80122 .79710 .79302
96 .83996 .83569 .83147 .82729 .82316 .81907 .81503 .81103 .80707 .80315
97 .84787 .84378 .83973 .83573 .83176 .82784 .82396 .82012 .81632 .81255
98 .85530 .85138 .84750 .84366 .83985 .83609 .83236 .82867 .82502 .82140
99 .86255 .85880 .85508 .85140 .84776 .84415 .84057 .83703 .83353 .83005
100 .86960 .86601 .86246 .85894 .85546 .85200 .84858 .84519 .84183 .83849
101 .87655 .87313 .86974 .86638 .86305 .85975 .85648 .85324 .85003 .84684
102 .88338 .88012 .87689 .87369 .87052 .86738 .86426 .86116 .85809 .85505
103 .89015 .88706 .88399 .88095 .87793 .87494 .87197 .86903 .86611 .86321
104 .89737 .89446 .89157 .88871 .88586 .88304 .88024 .87745 .87469 .87195
105 .90443 .90170 .89898 .89628 .89360 .89094 .88830 .88568 .88307 .88049
106 .91351 .91101 .90852 .90605 .90359 .90115 .89873 .89632 .89392 .89154
107 .92452 .92230 .92010 .91791 .91573 .91356 .91141 .90927 .90714 .90502
108 .94161 .93987 .93814 .93641 .93469 .93298 .93128 .92958 .92790 .92622
109 .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
0 .01906 .01845 .01790 .01740 .01694 .01652 .01613 .01578 .01546 .01516
1 .01098 .01034 .00977 .00924 .00876 .00833 .00793 .00756 .00722 .00691
2 .01113 .01046 .00986 .00930 .00880 .00834 .00791 .00753 .00717 .00684
3 .01155 .01084 .01020 .00962 .00909 .00860 .00816 .00775 .00737 .00702
4 .01211 .01137 .01069 .01008 .00952 .00900 .00853 .00810 .00770 .00733
5 .01279 .01201 .01130 .01065 .01006 .00952 .00902 .00856 .00814 .00775
6 .01356 .01274 .01199 .01131 .01068 .01011 .00959 .00910 .00865 .00824
7 .01442 .01356 .01277 .01205 .01140 .01079 .01023 .00972 .00925 .00881
8 .01536 .01446 .01363 .01287 .01218 .01154 .01096 .01041 .00991 .00945
9 .01641 .01546 .01460 .01380 .01307 .01240 .01178 .01120 .01068 .01019
10 .01758 .01659 .01567 .01484 .01407 .01336 .01270 .01210 .01154 .01103
11 .01886 .01781 .01686 .01598 .01517 .01442 .01373 .01310 .01251 .01196
12 .02024 .01915 .01814 .01721 .01636 .01558 .01485 .01419 .01357 .01299
13 .02168 .02054 .01948 .01851 .01762 .01679 .01603 .01533 .01467 .01407
14 .02313 .02193 .02083 .01981 .01887 .01801 .01721 .01646 .01578 .01514
15 .02456 .02330 .02214 .02107 .02009 .01918 .01834 .01756 .01684 .01617
16 .02593 .02462 .02340 .02229 .02126 .02030 .01942 .01860 .01785 .01714
17 .02728 .02590 .02463 .02346 .02238 .02138 .02046 .01960 .01880 .01806
18 .02861 .02717 .02584 .02462 .02348 .02243 .02146 .02056 .01972 .01894
19 .02998 .02847 .02708 .02580 .02461 .02351 .02249 .02154 .02066 .01984
20 .03142 .02984 .02839 .02704 .02580 .02465 .02357 .02258 .02165 .02079
21 .03295 .03130 .02978 .02837 .02706 .02585 .02473 .02368 .02271 .02180
22 .03455 .03283 .03124 .02976 .02839 .02712 .02594 .02484 .02382 .02286
23 .03626 .03446 .03279 .03124 .02981 .02847 .02723 .02608 .02500 .02400
24 .03809 .03620 .03446 .03283 .03133 .02993 .02863 .02741 .02628 .02522
25 .04005 .03808 .03625 .03456 .03298 .03151 .03014 .02887 .02768 .02656
26 .04216 .04010 .03819 .03641 .03476 .03322 .03178 .03044 .02919 .02802
27 .04444 .04229 .04029 .03843 .03670 .03508 .03357 .03217 .03085 .02962
28 .04687 .04463 .04254 .04059 .03877 .03708 .03550 .03402 .03263 .03133
29 .04946 .04712 .04493 .04289 .04099 .03922 .03756 .03600 .03455 .03318
30 .05221 .04976 .04748 .04534 .04335 .04149 .03975 .03812 .03659 .03515
31 .05511 .05255 .05017 .04794 .04585 .04390 .04208 .04037 .03876 .03725
32 .05818 .05551 .05302 .05069 .04851 .04647 .04455 .04276 .04107 .03948
33 .06144 .05866 .05606 .05363 .05135 .04921 .04720 .04532 .04355 .04188
34 .06489 .06200 .05928 .05674 .05436 .05212 .05002 .04805 .04619 .04444
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
35 .06857 .06555 .06273 .06007 .05758 .05524 .05304 .05097 .04902 .04718
36 .07246 .06932 .06638 .06361 .06101 .05856 .05626 .05409 .05205 .05012
37 .07659 .07332 .07025 .06737 .06466 .06210 .05969 .05742 .05528 .05325
38 .08098 .07758 .07439 .07138 .06855 .06588 .06336 .06099 .05874 .05662
39 .08563 .08210 .07878 .07565 .07270 .06992 .06729 .06480 .06245 .06023
40 .09059 .08692 .08347 .08021 .07714 .07423 .07149 .06889 .06643 .06411
41 .09586 .09206 .08848 .08509 .08189 .07886 .07600 .07329 .07072 .06828
42 .10147 .09753 .09381 .09029 .08696 .08381 .08083 .07800 .07531 .07277
43 .10742 .10334 .09948 .09583 .09237 .08909 .08598 .08304 .08024 .07758
44 .11373 .10950 .10551 .10172 .09813 .09472 .09148 .08841 .08549 .08272
45 .12035 .11599 .11185 .10792 .10420 .10066 .09730 .09410 .09106 .08817
46 .12732 .12281 .11853 .11447 .11061 .10694 .10345 .10013 .09696 .09395
47 .13460 .12995 .12553 .12133 .11733 .11353 .10991 .10646 .10317 .10004
48 .14223 .13743 .13287 .12853 .12439 .12046 .11671 .11313 .10972 .10646
49 .15020 .14526 .14056 .13608 .13181 .12774 .12385 .12015 .11661 .11322
50 .15855 .15347 .14862 .14401 .13960 .13540 .13138 .12754 .12388 .12037
51 .16727 .16205 .15707 .15232 .14777 .14344 .13929 .13532 .13153 .12789
52 .17634 .17098 .16587 .16097 .15630 .15183 .14755 .14345 .13953 .13577
53 .18576 .18027 .17501 .16999 .16518 .16057 .15616 .15194 .14789 .14400
54 .19552 .18990 .18451 .17935 .17441 .16968 .16514 .16078 .15661 .15260
55 .20564 .19989 .19437 .18908 .18402 .17915 .17449 .17001 .16571 .16157
56 .21613 .21025 .20461 .19919 .19400 .18901 .18422 .17962 .17519 .17093
57 .22698 .22098 .21522 .20968 .20436 .19925 .19434 .18961 .18507 .18069
58 .23816 .23204 .22616 .22051 .21507 .20984 .20481 .19996 .19530 .19080
59 .24962 .24339 .23740 .23163 .22608 .22073 .21558 .21062 .20584 .20123
60 .26136 .25502 .24892 .24304 .23738 .23192 .22666 .22158 .21669 .21196
61 .27339 .26695 .26075 .25477 .24900 .24343 .23806 .23288 .22787 .22304
62 .28578 .27925 .27295 .26687 .26100 .25533 .24985 .24456 .23945 .23451
63 .29854 .29192 .28553 .27935 .27339 .26762 .26205 .25666 .25145 .24641
64 .31164 .30494 .29846 .29221 .28615 .28030 .27463 .26915 .26384 .25870
65 .32508 .31831 .31177 .30543 .29930 .29336 .28761 .28203 .27663 .27140
66 .33891 .33208 .32547 .31906 .31285 .30684 .30101 .29536 .28987 .28456
67 .35318 .34630 .33963 .33316 .32689 .32081 .31491 .30918 .30363 .29823
68 .36785 .36093 .35422 .34770 .34138 .33524 .32928 .32349 .31787 .31240
69 .38290 .37595 .36920 .36265 .35628 .35009 .34408 .33824 .33256 .32703
70 .39823 .39127 .38450 .37791 .37151 .36529 .35924 .35335 .34762 .34204
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
71 .41378 .40681 .40003 .39343 .38701 .38076 .37467 .36875 .36298 .35736
72 .42950 .42253 .41575 .40914 .40271 .39644 .39034 .38438 .37858 .37293
73 .44535 .43840 .43162 .42502 .41858 .41231 .40619 .40022 .39440 .38872
74 .46139 .45446 .44771 .44112 .43469 .42842 .42230 .41632 .41049 .40479
75 .47769 .47080 .46408 .45752 .45111 .44485 .43874 .43277 .42693 .42123
76 .49430 .48747 .48079 .47427 .46790 .46167 .45558 .44963 .44380 .43811
77 .51123 .50447 .49786 .49139 .48506 .47888 .47282 .46690 .46111 .45543
78 .52845 .52177 .51523 .50884 .50257 .49645 .49044 .48457 .47881 .47317
79 .54584 .53926 .53282 .52650 .52032 .51426 .50833 .50251 .49681 .49122
80 .56325 .55678 .55044 .54423 .53813 .53216 .52630 .52056 .51492 .50939
81 .58054 .57419 .56797 .56186 .55587 .54999 .54422 .53856 .53300 .52754
82 .59762 .59140 .58530 .57931 .57343 .56766 .56198 .55641 .55094 .54557
83 .61448 .60840 .60243 .59657 .59081 .58515 .57958 .57411 .56874 .56346
84 .63124 .62531 .61949 .61376 .60813 .60259 .59715 .59179 .58652 .58134
85 .64800 .64224 .63657 .63099 .62550 .62010 .61478 .60955 .60441 .59934
86 .66461 .65902 .65351 .64810 .64276 .63751 .63233 .62724 .62222 .61728
87 .68083 .67541 .67008 .66483 .65965 .65455 .64953 .64458 .63970 .63489
88 .69663 .69140 .68624 .68116 .67615 .67121 .66634 .66154 .65680 .65213
89 .71201 .70696 .70199 .69708 .69224 .68747 .68276 .67811 .67353 .66900
90 .72694 .72209 .71730 .71257 .70791 .70330 .69876 .69427 .68984 .68547
91 .74117 .73650 .73190 .72735 .72286 .71842 .71404 .70972 .70545 .70123
92 .75439 .74991 .74548 .74110 .73678 .73251 .72829 .72412 .72000 .71593
93 .76664 .76233 .75806 .75385 .74969 .74557 .74150 .73748 .73350 .72957
94 .77809 .77394 .76983 .76578 .76177 .75780 .75388 .75000 .74616 .74237
95 .78899 .78500 .78106 .77715 .77329 .76947 .76569 .76195 .75826 .75460
96 .79928 .79544 .79165 .78790 .78418 .78050 .77686 .77326 .76970 .76617
97 .80883 .80514 .80149 .79787 .79430 .79075 .78725 .78377 .78033 .77693
98 .81781 .81427 .81075 .80727 .80382 .80041 .79703 .79368 .79036 .78708
99 .82661 .82320 .81982 .81648 .81316 .80988 .80662 .80340 .80020 .79704
100 .83519 .83192 .82868 .82547 .82228 .81913 .81600 .81290 .80982 .80678
101 .84368 .84055 .83744 .83437 .83131 .82829 .82529 .82231 .81936 .81643
102 .85203 .84904 .84607 .84313 .84021 .83731 .83444 .83159 .82876 .82596
103 .86034 .85748 .85465 .85184 .84906 .84629 .84355 .84082 .83812 .83544
104 .86923 .86653 .86385 .86119 .85855 .85593 .85333 .85074 .84818 .84563
105 .87792 .87537 .87283 .87032 .86782 .86534 .86287 .86042 .85799 .85557
106 .88918 .88683 .88450 .88218 .87987 .87758 .87530 .87304 .87079 .86855
107 .90291 .90082 .89873 .89666 .89460 .89255 .89051 .88849 .88647 .88447
108 .92455 .92288 .92123 .91958 .91794 .91630 .91468 .91306 .91145 .90984
109 .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
0 .01488 .01463 .01439 .01417 .01396 .01377 .01359 .01343 .01327 .01312
1 .00662 .00636 .00612 .00589 .00568 .00548 .00530 .00513 .00497 .00482
2 .00654 .00626 .00600 .00576 .00554 .00533 .00514 .00496 .00479 .00463
3 .00670 .00641 .00613 .00588 .00564 .00542 .00522 .00502 .00484 .00468
4 .00699 .00668 .00639 .00612 .00587 .00563 .00542 .00521 .00502 .00484
5 .00739 .00706 .00675 .00646 .00620 .00595 .00571 .00550 .00529 .00510
6 .00786 .00751 .00718 .00687 .00659 .00633 .00608 .00585 .00563 .00543
7 .00841 .00803 .00769 .00736 .00706 .00678 .00652 .00627 .00604 .00582
8 .00902 .00863 .00826 .00791 .00759 .00730 .00702 .00675 .00651 .00628
9 .00973 .00931 .00892 .00856 .00822 .00790 .00760 .00733 .00706 .00682
10 .01055 .01010 .00969 .00930 .00894 .00861 .00829 .00799 .00772 .00746
11 .01146 .01099 .01055 .01014 .00976 .00940 .00907 .00875 .00846 .00818
12 .01246 .01196 .01150 .01106 .01066 .01028 .00993 .00960 .00928 .00899
13 .01351 .01298 .01249 .01204 .01161 .01121 .01084 .01049 .01016 .00985
14 .01455 .01400 .01348 .01300 .01255 .01213 .01173 .01136 .01102 .01069
15 .01555 .01497 .01443 .01392 .01345 .01300 .01259 .01220 .01183 .01148
16 .01648 .01587 .01530 .01477 .01427 .01380 .01336 .01295 .01257 .01220
17 .01737 .01673 .01612 .01556 .01504 .01455 .01408 .01365 .01324 .01286
18 .01822 .01754 .01691 .01632 .01576 .01525 .01476 .01430 .01387 .01347
19 .01908 .01837 .01770 .01708 .01650 .01595 .01544 .01495 .01450 .01407
20 .01999 .01924 .01854 .01788 .01726 .01669 .01615 .01564 .01516 .01471
21 .02096 .02017 .01943 .01874 .01809 .01748 .01691 .01637 .01586 .01539
22 .02197 .02114 .02036 .01963 .01895 .01830 .01770 .01713 .01660 .01610
23 .02306 .02218 .02136 .02059 .01987 .01919 .01855 .01795 .01739 .01686
24 .02424 .02331 .02245 .02163 .02087 .02016 .01948 .01885 .01825 .01769
25 .02552 .02455 .02364 .02278 .02197 .02122 .02051 .01984 .01920 .01861
26 .02692 .02589 .02493 .02403 .02318 .02238 .02162 .02091 .02025 .01961
27 .02846 .02738 .02636 .02541 .02451 .02367 .02287 .02212 .02141 .02074
28 .03012 .02898 .02791 .02690 .02595 .02506 .02422 .02342 .02267 .02196
29 .03190 .03070 .02957 .02851 .02751 .02656 .02567 .02483 .02404 .02329
30 .03381 .03254 .03135 .03023 .02917 .02817 .02723 .02634 .02551 .02471
31 .03583 .03450 .03324 .03206 .03094 .02989 .02890 .02796 .02707 .02623
32 .03799 .03659 .03527 .03402 .03284 .03173 .03068 .02968 .02874 .02785
33 .04031 .03883 .03744 .03612 .03488 .03371 .03260 .03155 .03055 .02961
34 .04279 .04123 .03976 .03838 .03707 .03583 .03465 .03354 .03249 .03149
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
35 .04545 .04382 .04227 .04081 .03943 .03812 .03688 .03571 .03459 .03354
36 .04830 .04658 .04495 .04341 .04196 .04058 .03927 .03803 .03685 .03573
37 .05134 .04953 .04782 .04620 .04467 .04321 .04183 .04052 .03928 .03809
38 .05462 .05272 .05092 .04921 .04760 .04606 .04461 .04322 .04191 .04066
39 .05812 .05613 .05424 .05245 .05075 .04913 .04760 .04614 .04475 .04343
40 .06190 .05981 .05782 .05594 .05415 .05245 .05083 .04929 .04783 .04643
41 .06597 .06378 .06170 .05972 .05784 .05605 .05435 .05272 .05118 .04970
42 .07035 .06806 .06587 .06380 .06182 .05994 .05815 .05644 .05481 .05326
43 .07505 .07265 .07036 .06818 .06611 .06414 .06225 .06045 .05874 .05710
44 .08008 .07757 .07518 .07290 .07072 .06865 .06667 .06478 .06298 .06125
45 .08542 .08279 .08029 .07791 .07563 .07346 .07138 .06940 .06750 .06569
46 .09108 .08834 .08573 .08324 .08085 .07858 .07640 .07432 .07233 .07043
47 .09705 .09419 .09147 .08886 .08637 .08399 .08172 .07954 .07745 .07545
48 .10335 .10038 .09754 .09482 .09222 .08973 .08735 .08507 .08288 .08078
49 .10999 .10690 .10394 .10111 .09840 .09581 .09332 .09093 .08864 .08644
50 .11701 .11380 .11073 .10778 .10496 .10225 .09965 .09716 .09477 .09247
51 .12441 .12108 .11789 .11482 .11189 .10907 .10636 .10376 .10126 .09886
52 .13217 .12871 .12540 .12222 .11916 .11623 .11341 .11071 .10810 .10560
53 .14028 .13670 .13327 .12997 .12680 .12375 .12082 .11801 .11529 .11268
54 .14875 .14505 .14150 .13808 .13480 .13163 .12859 .12566 .12284 .12012
55 .15760 .15378 .15011 .14657 .14317 .13989 .13674 .13370 .13077 .12794
56 .16684 .16290 .15911 .15546 .15194 .14855 .14528 .14213 .13909 .13615
57 .17648 .17242 .16851 .16474 .16111 .15760 .15422 .15096 .14781 .14477
58 .18647 .18229 .17827 .17438 .17064 .16702 .16353 .16015 .15689 .15374
59 .19678 .19249 .18835 .18435 .18049 .17676 .17316 .16968 .16631 .16305
60 .20740 .20300 .19875 .19464 .19066 .18682 .18311 .17952 .17604 .17268
61 .21837 .21385 .20949 .20527 .20119 .19724 .19341 .18971 .18613 .18266
62 .22973 .22511 .22064 .21631 .21212 .20807 .20414 .20033 .19664 .19306
63 .24152 .23680 .23222 .22779 .22350 .21934 .21530 .21139 .20760 .20392
64 .25372 .24890 .24422 .23969 .23529 .23103 .22690 .22289 .21899 .21521
65 .26633 .26141 .25664 .25201 .24752 .24316 .23893 .23482 .23083 .22695
66 .27940 .27439 .26953 .26481 .26023 .25577 .25145 .24724 .24316 .23918
67 .29299 .28790 .28296 .27815 .27348 .26894 .26453 .26024 .25606 .25200
68 .30709 .30193 .29691 .29202 .28728 .28265 .27816 .27378 .26952 .26537
69 .32166 .31643 .31134 .30639 .30157 .29687 .29230 .28785 .28351 .27928
70 .33661 .33133 .32618 .32116 .31628 .31152 .30688 .30235 .29794 .29364
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
71 .35188 .34654 .34134 .33627 .33133 .32651 .32181 .31722 .31275 .30838
72 .36742 .36204 .35679 .35168 .34668 .34181 .33706 .33241 .32788 .32345
73 .38317 .37776 .37248 .36733 .36229 .35738 .35257 .34788 .34330 .33882
74 .39923 .39380 .38849 .38330 .37823 .37328 .36844 .36370 .35908 .35455
75 .41566 .41021 .40489 .39968 .39459 .38961 .38474 .37997 .37531 .37074
76 .43254 .42709 .42176 .41655 .41144 .40645 .40156 .39677 .39208 .38749
77 .44988 .44444 .43912 .43391 .42880 .42380 .41891 .41411 .40940 .40479
78 .46765 .46224 .45694 .45174 .44665 .44166 .43677 .43197 .42726 .42265
79 .48574 .48037 .47510 .46993 .46487 .45990 .45502 .45024 .44554 .44094
80 .50397 .49865 .49343 .48830 .48327 .47834 .47349 .46873 .46406 .45947
81 .52219 .51693 .51176 .50669 .50171 .49682 .49201 .48729 .48265 .47809
82 .54029 .53510 .53000 .52499 .52007 .51523 .51047 .50580 .50120 .49667
83 .55826 .55315 .54813 .54319 .53834 .53356 .52886 .52424 .51969 .51522
84 .57624 .57123 .56629 .56144 .55666 .55195 .54732 .54277 .53828 .53386
85 .59435 .58944 .58460 .57984 .57516 .57054 .56599 .56151 .55710 .55275
86 .61241 .60762 .60289 .59824 .59365 .58913 .58468 .58029 .57596 .57170
87 .63015 .62548 .62087 .61633 .61185 .60744 .60309 .59880 .59456 .59039
88 .64753 .64299 .63851 .63409 .62973 .62543 .62118 .61700 .61287 .60879
89 .66454 .66013 .65579 .65150 .64726 .64308 .63895 .63488 .63086 .62689
90 .68115 .67689 .67268 .66853 .66442 .66037 .65637 .65241 .64851 .64465
91 .69706 .69294 .68887 .68486 .68089 .67696 .67309 .66925 .66547 .66173
92 .71190 .70792 .70399 .70011 .69627 .69247 .68872 .68501 .68134 .67771
93 .72569 .72184 .71804 .71429 .71057 .70689 .70326 .69967 .69611 .69259
94 .73861 .73490 .73123 .72759 .72400 .72044 .71692 .71344 .71000 .70659
95 .75097 .74739 .74384 .74033 .73686 .73342 .73002 .72665 .72331 .72001
96 .76267 .75922 .75579 .75240 .74905 .74572 .74243 .73917 .73595 .73275
97 .77356 .77022 .76691 .76363 .76039 .75718 .75399 .75084 .74772 .74463
98 .78382 .78059 .77740 .77423 .77110 .76799 .76491 .76186 .75884 .75584
99 .79390 .79079 .78771 .78465 .78162 .77862 .77565 .77270 .76978 .76688
100 .80376 .80076 .79779 .79485 .79193 .78904 .78617 .78333 .78051 .77771
101 .81353 .81066 .80780 .80497 .80217 .79938 .79662 .79388 .79117 .78847
102 .82318 .82042 .81768 .81496 .81227 .80960 .80694 .80431 .80170 .79911
103 .83278 .83014 .82752 .82491 .82233 .81977 .81723 .81470 .81220 .80971
104 .84310 .84059 .83810 .83563 .83317 .83073 .82831 .82591 .82352 .82115
105 .85318 .85079 .84843 .84607 .84374 .84142 .83911 .83682 .83455 .83229
106 .86633 .86413 .86193 .85975 .85758 .85543 .85329 .85116 .84904 .84694
107 .88247 .88049 .87852 .87656 .87460 .87266 .87073 .86881 .86690 .86500
108 .90825 .90666 .90507 .90350 .90193 .90037 .89881 .89727 .89572 .89419
109 .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
0 .01298 .01285 .01273 .01261 .01250 .01240 .01230 .01221 .01212 .01203
1 .00468 .00455 .00443 .00431 .00420 .00410 .00400 .00391 .00382 .00374
2 .00448 .00435 .00421 .00409 .00398 .00387 .00376 .00366 .00357 .00348
3 .00452 .00437 .00423 .00410 .00398 .00386 .00375 .00365 .00355 .00345
4 .00468 .00452 .00437 .00423 .00410 .00397 .00386 .00375 .00364 .00354
5 .00493 .00476 .00460 .00445 .00431 .00418 .00405 .00393 .00382 .00371
6 .00524 .00506 .00489 .00473 .00458 .00444 .00430 .00418 .00406 .00394
7 .00562 .00543 .00525 .00508 .00492 .00477 .00462 .00449 .00436 .00423
8 .00606 .00586 .00566 .00548 .00531 .00515 .00499 .00485 .00471 .00458
9 .00659 .00637 .00616 .00597 .00579 .00561 .00545 .00529 .00514 .00500
10 .00721 .00698 .00676 .00655 .00636 .00617 .00600 .00583 .00567 .00552
11 .00792 .00767 .00744 .00722 .00701 .00682 .00663 .00645 .00628 .00612
12 .00871 .00845 .00821 .00797 .00775 .00754 .00735 .00716 .00698 .00681
13 .00955 .00928 .00902 .00877 .00854 .00831 .00810 .00790 .00771 .00753
14 .01038 .01009 .00981 .00955 .00930 .00907 .00885 .00864 .00843 .00824
15 .01116 .01085 .01056 .01028 .01002 .00977 .00954 .00932 .00910 .00890
16 .01186 .01153 .01123 .01094 .01066 .01040 .01015 .00992 .00969 .00948
17 .01250 .01215 .01183 .01152 .01124 .01096 .01070 .01045 .01022 .00999
18 .01308 .01272 .01238 .01206 .01175 .01147 .01119 .01093 .01068 .01044
19 .01367 .01329 .01293 .01259 .01227 .01196 .01167 .01140 .01113 .01088
20 .01428 .01388 .01350 .01314 .01280 .01248 .01217 .01188 .01161 .01134
21 .01494 .01451 .01411 .01373 .01337 .01303 .01271 .01240 .01211 .01183
22 .01562 .01517 .01475 .01435 .01397 .01361 .01326 .01294 .01263 .01233
23 .01635 .01588 .01543 .01501 .01460 .01422 .01386 .01351 .01319 .01287
24 .01716 .01665 .01618 .01573 .01530 .01489 .01451 .01415 .01380 .01347
25 .01804 .01751 .01701 .01653 .01608 .01565 .01524 .01485 .01448 .01413
26 .01902 .01845 .01792 .01741 .01693 .01648 .01604 .01563 .01524 .01487
27 .02011 .01951 .01895 .01841 .01790 .01742 .01696 .01652 .01610 .01571
28 .02129 .02066 .02006 .01949 .01895 .01844 .01795 .01748 .01704 .01662
29 .02258 .02191 .02127 .02067 .02009 .01955 .01903 .01853 .01806 .01762
30 .02396 .02325 .02257 .02193 .02132 .02074 .02019 .01966 .01916 .01869
31 .02543 .02467 .02396 .02328 .02263 .02201 .02143 .02087 .02034 .01983
32 .02701 .02621 .02545 .02472 .02404 .02338 .02276 .02217 .02160 .02106
33 .02871 .02786 .02706 .02629 .02556 .02487 .02420 .02357 .02297 .02240
34 .03054 .02964 .02879 .02797 .02720 .02646 .02576 .02509 .02445 .02383
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
35 .03253 .03158 .03067 .02981 .02898 .02820 .02745 .02674 .02606 .02541
36 .03467 .03366 .03269 .03178 .03090 .03007 .02928 .02852 .02779 .02710
37 .03697 .03590 .03488 .03391 .03298 .03209 .03125 .03044 .02967 .02893
38 .03947 .03833 .03725 .03622 .03524 .03430 .03340 .03254 .03172 .03094
39 .04217 .04096 .03982 .03873 .03768 .03669 .03573 .03482 .03395 .03312
40 .04510 .04383 .04262 .04146 .04035 .03930 .03828 .03732 .03639 .03550
41 .04830 .04695 .04567 .04445 .04327 .04215 .04108 .04005 .03907 .03812
42 .05177 .05035 .04900 .04770 .04646 .04527 .04413 .04304 .04200 .04100
43 .05553 .05404 .05261 .05123 .04992 .04866 .04746 .04630 .04520 .04413
44 .05960 .05802 .05651 .05506 .05368 .05235 .05107 .04985 .04867 .04754
45 .06395 .06229 .06069 .05917 .05770 .05630 .05495 .05365 .05241 .05121
46 .06860 .06685 .06517 .06356 .06202 .06053 .05911 .05774 .05643 .05516
47 .07353 .07169 .06992 .06823 .06660 .06504 .06353 .06209 .06070 .05936
48 .07877 .07684 .07498 .07320 .07149 .06984 .06826 .06673 .06527 .06385
49 .08433 .08231 .08036 .07849 .07669 .07495 .07329 .07168 .07013 .06864
50 .09026 .08814 .08609 .08413 .08224 .08042 .07867 .07698 .07535 .07378
51 .09655 .09433 .09219 .09013 .08815 .08624 .08440 .08262 .08091 .07926
52 .10318 .10086 .09863 .09647 .09439 .09239 .09046 .08860 .08680 .08506
53 .11017 .10774 .10541 .10315 .10098 .09888 .09686 .09491 .09302 .09120
54 .11750 .11498 .11254 .11019 .10792 .10572 .10361 .10156 .09958 .09767
55 .12522 .12258 .12005 .11759 .11522 .11294 .11072 .10859 .10652 .10451
56 .13332 .13059 .12794 .12539 .12292 .12054 .11823 .11599 .11383 .11174
57 .14183 .13899 .13624 .13359 .13102 .12853 .12613 .12380 .12154 .11936
58 .15070 .14775 .14490 .14215 .13948 .13689 .13439 .13197 .12962 .12734
59 .15990 .15685 .15389 .15103 .14826 .14558 .14298 .14046 .13801 .13564
60 .16942 .16626 .16321 .16024 .15737 .15459 .15189 .14927 .14673 .14426
61 .17929 .17603 .17287 .16981 .16684 .16395 .16115 .15844 .15580 .15324
62 .18960 .18623 .18297 .17980 .17673 .17375 .17085 .16803 .16530 .16264
63 .20035 .19688 .19352 .19025 .18708 .18400 .18100 .17809 .17525 .17250
64 .21154 .20797 .20451 .20114 .19787 .19469 .19159 .18859 .18566 .18281
65 .22318 .21951 .21595 .21249 .20912 .20584 .20265 .19955 .19652 .19358
66 .23532 .23156 .22790 .22434 .22088 .21751 .21422 .21102 .20791 .20487
67 .24804 .24419 .24044 .23679 .23324 .22977 .22640 .22311 .21990 .21678
68 .26133 .25740 .25356 .24983 .24618 .24263 .23917 .23579 .23250 .22929
69 .27516 .27114 .26723 .26341 .25969 .25605 .25251 .24905 .24567 .24237
70 .28945 .28536 .28137 .27747 .27367 .26996 .26633 .26279 .25934 .25596
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
71 .30412 .29996 .29590 .29193 .28806 .28427 .28057 .27696 .27343 .26998
72 .31913 .31491 .31078 .30675 .30281 .29895 .29519 .29150 .28790 .28438
73 .33444 .33016 .32597 .32188 .31788 .31396 .31013 .30638 .30271 .29913
74 .35012 .34579 .34155 .33741 .33335 .32938 .32549 .32168 .31795 .31430
75 .36628 .36190 .35762 .35343 .34932 .34530 .34136 .33750 .33372 .33001
76 .38299 .37858 .37427 .37004 .36589 .36183 .35784 .35394 .35011 .34636
77 .40028 .39585 .39151 .38725 .38307 .37898 .37496 .37103 .36716 .36337
78 .41812 .41368 .40933 .40506 .40086 .39675 .39271 .38874 .38485 .38103
79 .43641 .43198 .42762 .42334 .41914 .41502 .41096 .40698 .40308 .39924
80 .45496 .45054 .44619 .44192 .43772 .43360 .42954 .42556 .42164 .41779
81 .47360 .46920 .46487 .46061 .45643 .45231 .44827 .44429 .44038 .43653
82 .49223 .48785 .48355 .47932 .47516 .47106 .46703 .46307 .45916 .45532
83 .51081 .50648 .50221 .49802 .49388 .48982 .48581 .48187 .47799 .47416
84 .52951 .52523 .52101 .51686 .51277 .50874 .50477 .50086 .49701 .49321
85 .54847 .54425 .54009 .53600 .53196 .52798 .52406 .52019 .51638 .51262
86 .56749 .56335 .55926 .55523 .55126 .54734 .54348 .53966 .53591 .53220
87 .58627 .58221 .57820 .57425 .57035 .56650 .56270 .55895 .55526 .55161
88 .60477 .60079 .59688 .59301 .58919 .58542 .58170 .57802 .57439 .57081
89 .62297 .61909 .61527 .61149 .60776 .60408 .60044 .59685 .59330 .58979
90 .64084 .63707 .63335 .62968 .62604 .62246 .61891 .61540 .61194 .60851
91 .65803 .65437 .65076 .64719 .64366 .64017 .63672 .63330 .62993 .62659
92 .67412 .67058 .66707 .66360 .66017 .65678 .65342 .65010 .64682 .64357
93 .68911 .68567 .68227 .67890 .67557 .67227 .66901 .66578 .66258 .65942
94 .70321 .69988 .69657 .69330 .69006 .68686 .68369 .68055 .67744 .67437
95 .71674 .71351 .71031 .70713 .70399 .70088 .69781 .69476 .69174 .68875
96 .72959 .72646 .72335 .72028 .71724 .71422 .71123 .70828 .70534 .70244
97 .74156 .73853 .73552 .73254 .72959 .72666 .72376 .72089 .71804 .71522
98 .75287 .74993 .74702 .74413 .74126 .73842 .73561 .73282 .73006 .72732
99 .76401 .76117 .75834 .75555 .75277 .75002 .74730 .74459 .74191 .73926
100 .77494 .77219 .76946 .76676 .76408 .76142 .75878 .75616 .75357 .75099
101 .78580 .78315 .78052 .77791 .77532 .77275 .77021 .76768 .76517 .76268
102 .79654 .79399 .79146 .78894 .78645 .78397 .78152 .77908 .77666 .77426
103 .80724 .80479 .80236 .79994 .79755 .79517 .79280 .79046 .78813 .78582
104 .81879 .81646 .81413 .81183 .80954 .80726 .80501 .80276 .80054 .79832
105 .83005 .82782 .82560 .82340 .82121 .81904 .81688 .81474 .81260 .81049
106 .84485 .84277 .84071 .83866 .83662 .83459 .83257 .83057 .82857 .82659
107 .86311 .86124 .85937 .85751 .85566 .85382 .85199 .85017 .84835 .84655
108 .89266 .89114 .88963 .88812 .88662 .88513 .88364 .88216 .88068 .87922
109 .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860
(f) Effective dates. This section applies after April 30, 1999.
Par. 6. Immediately following �1.643(d)-2, the undesignated
centerheading is revised to read as follows:
Pooled Income Fund Actuarial Tables Applicable Before May 1, 1999
Par. 7. Section 1.642(c)-6A is amended by:
1. Revising the section heading.
2. Amending newly designated paragraph (e) as follows:
a. Paragraph (e) heading is revised.
b. Paragraph (e)(1), first sentence is revised.
c. Paragraph (e)(2)(ii) is revised.
d. Paragraph (e)(3) is revised.
e. Paragraph (e)(4) is revised.
f. Paragraph (e)(5) introductory text is revised.
g. Paragraph (e)(5), the heading for Table S is revised.
The revisions read as follows:
�1.642(c)-6A Valuation of charitable remainder interests for which
the valuation date is before May 1, 1999.
* * * * *
(e) Present value of the remainder interest in the case of transfers
to pooled income funds for which the valuation date is after April
30, 1989, and before May 1, 1999--(1) In general. In the case of
transfers to pooled income funds for which the valuation date is
after April 30, 1989, and before May 1, 1999, the present value of a
remainder interest is determined under this section. * * *
(2) * * *
(ii) Discount at a rate of interest, compounded annually, equal to
the highest yearly rate of return of the pooled income fund for the
3 taxable years immediately preceding its taxable year in which the
transfer of property to the fund is made. The provisions of
�1.642(c)-6(c) apply for determining the yearly rate of return.
However, where the taxable year is less than 12 months, the
provisions of �1.642(c)-6T(e)(3)(ii) apply for the determining the
yearly rate of return.
(3) Pooled income funds in existence less than 3 taxable years. The
provisions of �1.642(c)-6T(e)(4) apply for determining the highest
yearly rate of return when the pooled income fund has been in
existence less than three taxable years.
(4) Computation of value of remainder interest. The factor that is
used in determining the present value of a remainder interest that
is dependent on the termination of the life of one individual is the
factor from Table S in paragraph (e)(5) of this section under the
appropriate yearly rate of return opposite the number that
corresponds to the age of the individual upon whose life the value
of the remainder interest is based. Table S in paragraph (e)(5) of
this section includes factors for yearly rates of return from 4.2 to
14 percent. Many actuarial factors not contained in Table S in
paragraph (e)(5) of this section are contained in Table S in
Internal Revenue Service Publication 1457, "Actuarial Values, Alpha
Volume," (8-89). Publication 1457 is no longer available for
purchase from the Superintendent of Documents, United States
Government Printing Office, Washington, DC 20402. However, pertinent
factors in this publication may be obtained by a written request to:
CC:DOM:CORP:R (IRS Publication 1457), room 5226,Internal Revenue
Service, POB 7604, Ben Franklin.34 Station, Washington, DC 20044.
For other situations, see �1.642(c)-6(b). If the yearly rate of
return is a percentage that is between the yearly rates of return
for which factors are provided, a linear interpolation must be made.
The present value of the remainder interest is determined by
multiplying the fair market value of the property on the valuation
date by the appropriate remainder factor. For an example of a
computation of the present value of a remainder interest requiring a
linear interpolation adjustment, see �1.642(c)-6T(e)(5).
(5) Actuarial tables. In the case of transfers for which the
valuation date is after April 30, 1989, and before May 1, 1999, the
present value of a remainder interest dependent on the termination
of one life in the case of a transfer to a pooled income fund is
determined by use of the following tables:
TABLE S.--BASED ON LIFE TABLE 80CNSMT SINGLE LIFE REMAINDER FACTOR
[Applicable After April 30, 1989, and Before May 1, 1999]
* * * * *
Par. 8. Section 1.664-4 is amended as follows:
1. Paragraph (a)(1) is revised.
2. Paragraph (d) is removed.
3. Paragraphs (e) heading, (e)(1) through (e)(5), and (e)(6)
heading, introductory text , and Table U(1) are redesignated as
�1.664-4A(e) heading, (e)(1) through (e)(5) and (e)(6) heading,
introductory text, and Table U(1), respectively.
4. New paragraphs (d) through (e)(5) are added.
5. New paragraph heading and introductory text are added to
remaining paragraph (e)(6) preceding Table D.
6. Paragraph (f) is revised.
The additions and revision read as follows:
�1.664-4 Calculation of the fair market value of the remainder
interest in a charitable remainder unitrust.
(a) * * *
(1) [Reserved]. For further guidance, see �1.664-4T(a)(1).
* * * * *
(d) through (e)(5) [Reserved]. For further guidance, see
�1.664-4T(d) through (e)(5).
(6) Actuarial Table D and F (4.2 through 14.0) for transfers for
which the valuation date is after April 30, 1989. For transfers for
which the valuation date is after April 30, 1989, the present value
of a charitable remainder unitrust interest that is dependent upon a
term of years is determined by using the section 7520 rate and the
tables in this paragraph (e)(6). For transfers for which the
valuation date is after April 30, 1999, where the present value of a
charitable remainder unitrust interest is dependent on the
termination of a life interest , see �1.664-4T(e)(7). See, however,
�1.7520-3(b) (relating to exceptions to the use of prescribed tables
under certain circumstances). Many actuarial factors not contained
in the following tables are contained in Internal Revenue Service
Publication 1458, "Actuarial Values, Book Beth," (1999). A copy of
this publication is available for purchase from the Superintendent
of Documents, United States Government Printing Office, Washington,
DC 20402.
* * * * *
(f) Effective dates. This section applies after April 30, 1989, and
before May 1, 1999.
Par. 9 Section 1.664-4T is added to read as follows:
�1.664-4T Calculation of the fair market value of the remainder
interest in a charitable remainder unitrust (temporary).
(a) [Reserved] For further guidance, see �1.664-4(a).
(1) Life contingencies determined as to each life involved, from the
values of lx set forth in Table 90CM contained in �20.2031-7T(d)(7)
of this chapter (Estate Tax Regulations) in the case of transfers
for which the valuation date is after April 30, 1999; or from Table
80CNSMT contained �20.2031-7A(e)(4) of this chapter in the case of
transfer for which the valuation date is after April 30, 1989, and
before May 1, 1999. See �20.2031-7A(a) through (d) of this chapter,
whichever is applicable, for transfers for which the valuation date
is before May 1, 1989; (a)(2) through (c) [Reserved] For further
guidance, see �1,664-4(a)(2) through (c).
(d) Valuation. The fair market value of a remainder interest in a
charitable remainder unitrust (as described in �1.664-3) for
transfers for which the valuation date is after April 30, 1999, is
its present value determined under paragraph (e) of this section.
The fair market value of a remainder interest in a charitable
remainder unitrust (as described in �1.664-3) for transfers for
which the valuation date is before May 1, 1999, is its present value
determined under the following sections:
Valuation Dates Applicable After Before Regulations
S
01-01-52 1.664-4A(a)
12-31-51 01-01-71 1.664-4A(b)
12-31-70 12-01-83 1.664-4A(c)
11-30-83 05-01-89 1.664-4A(d)
04-30-89 05-01-99 1.664-4A(e)
(e) Valuation of charitable remainder unitrusts having certain
payout sequences for transfers for which the valuation date is after
April 30, 1999--(1) In general. Except as otherwise provided in
paragraph (e)(2) of this section, in the case of transfers for which
the valuation date is after April 30, 1999, the present value of a
remainder interest is determined under paragraphs (e)(3) through (e)
(6) of this section, provided that the amount of the payout as of
any payout date during any taxable year of the trust is not larger
than the amount that the trust could distribute on such date under
�1.664- 3(a)(1)(v) if the taxable year of the trust were to end on
such date. See, however, �1.7520-3(b) (relating to exceptions to the
use of the prescribed tables under certain circumstances).
(2) Transitional rules for valuation of charitable remainder
unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on
May 1, 1999, the decedent was mentally incompetent so that the
disposition of the property could not be changed, and the decedent
died after April 30, 1999, without having regained competency to
dispose of the decedent's property, or the decedent died within 90
days of the date that the decedent first regained competency after
April 30, 1999, the present value of a remainder interest under this
section is determined as if the valuation date with respect to the
decedent's gross estate is either before May 1, 1999, or after April
30, 1999, at the option of the decedent's executor.
(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the
case of transfers to a charitable remainder unitrust for which the
valuation date is after April 30, 1999, and before July 1, 1999, the
present value of a remainder interest based on one.38 or more
measuring lives is determined under this section by use of the
section 7520 interest rate for the month in which the valuation date
occurs (See ��1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate
actuarial tables under either paragraph (e)(7) of this section or
�1.664-4A(e)(6), at the option of the donor or the decedent's
executor, as the case may be.
(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section,
where the donor or decedent's executor is given the option to use
the appropriate actuarial tables under either paragraph (e)(7) of
this section or �1.664-4A(e)(6), the donor or decedent's executor
must use the same actuarial table with respect to each individual
transaction and with respect to all transfers occurring on the
valuation date (e.g., gift and income tax charitable deductions with
respect to the same transfer must be determined based on the same
tables, and all assets includible in the gross estate and/or estate
tax deductions claimed must be valued based on the same tables).
(3) Adjusted payout rate. For transfers for which the valuation date
is after April 30, 1989, the adjusted payout rate is determined by
using the appropriate Table F in �1.664-4(e)(6), for the section
7520 interest rate applicable to the transfer. If the interest rate
is between 4.2 and 14 percent, see �1.664-4(e)(6). If the interest
rate is below 4.2 percent or greater than 14 percent, see
�1.664-4(b). The adjusted payout rate is determined by multiplying
the fixed percentage described in �1.664-3(a)(1)(i)(a) by the factor
describing the payout sequence of the trust and the number of months
by which the valuation date for the first full taxable year of the
trust precedes the first payout date for such taxable year. If the
governing instrument does not prescribe when the distribution or
distributions shall be made during the taxable year of the trust,
see �1.664-4(a). In the case of a trust having a payout sequence for
which no figures have been provided by the appropriate table, and in
the case of a trust that determines the fair market value of the
trust assets by taking the average of valuations on more than one
date during the taxable year, see �1.664-4(b).
(4) Period is a term of years. If the period described in
�1.664-3(a)(5) is a term of years, the factor that is used in
determining the present value of the remainder interest for
transfers for which the valuation date is after November 30, 1983,
is the factor under the appropriate adjusted payout rate in Table D
of �1.664-4(e)(6) corresponding to the number of years in the term.
If the adjusted payout rate is an amount that is between adjusted
payout rates for which factors are provided in Table D, a linear
interpolation must be made. The present value of the remainder
interest is determined by multiplying the net fair market value (as
of the appropriate valuation date) of the property placed in trust
by the factor determined under this paragraph. For purposes of this
section, the valuation date is, in the case of an inter vivos
transfer, the date on which the property is transferred to the trust
by the donor. However, if an election is made under section 7520 and
�1.7520-2(b) to compute the present value of the charitable interest
by use of the interest rate component for either of the 2 months
preceding the month in which the date of transfer falls, the month
so elected is the valuation date for purposes of determining the
interest rate and mortality tables. In the case of a testamentary
transfer under section 2055, 2106, or 2624, the valuation date is
the date of death, unless the alternate valuation date is elected
under section 2032, in which event, and within the limitations set
forth in section 2032 and the regulations thereunder, the valuation
date is the alternate valuation date. If the decedent's estate
elects the alternate valuation date under section 2032 and also
elects, under section 7520 and �1.7520-2(b), to use the interest
rate component for one of the 2 months preceding the alternate
valuation date, the month so elected is the valuation date for
purposes of determining the interest rate and mortality tables. The
application of this paragraph (e)(4) may be illustrated by the
following example:
Example. D transfers $100,000 to a charitable remainder unitrust on
January 1.
The trust instrument requires that the trust pay 8 percent of the
fair market value of the trust assets as of January 1st for a term
of 12 years to D in quarterly payments (March 31, June 30, September
30, and December 31). The section 7520 rate for January (the month
that the transfer occurred) is 9.6 percent. Under Table F(9.6) in
�1.664-4(e)(6), the appropriate adjustment factor is .944628 for
quarterly payments payable at the end of each quarter. The adjusted
payout rate is 7.557 (8% X .944628). Based on the remainder factors
in Table D in �1.664-4(e)(6), the present value of the remainder
interest is $38,950.30, computed as follows:
Factor at 7.4 percent for 12 years ......... .397495
Factor at 7.6 percent for 12 years ......... .387314
Difference ................................. .010181
Interpolation adjustment:
7.557% - 7.4% = x
0.2% .010181
x = .007992
Factor at 7.4 percent for 12 years ......... .397495
Less: Interpolation adjustment ............. .007992
Interpolated factor ........................ .389503
Present value of remainder interest:
($100,000 X .389503) ....................... $38,950.30
(5) Period is the life of one individual. If the period described in
�1.664-3(a)(5) is the life of one individual, the factor that is
used in determining the present value of the remainder interest for
transfers for which the valuation date is after April 30, 1999, is
the factor in Table U(1) in paragraph (e)(7) of this section under
the appropriate.41 adjusted payout. For purposes of the computations
described in this paragraph, the age of an individual is the age of
that individual at the individual's nearest birthday. If the
adjusted payout rate is an amount that is between adjusted payout
rates for which factors are provided in the appropriate table, a
linear interpolation must be made. The present value of the
remainder interest is determined by multiplying the net fair market
value (as of the valuation date as determined in paragraph (e)(4) of
this section) of the property placed in trust by the factor
determined under this paragraph (e)(5). If the adjusted payout rate
is between 4.2 and 14 percent, see paragraph (e)(7) of this section.
If the adjusted payout rate is below 4.2 percent or greater than 14
percent, see �1.664-4(b). The application of this paragraph (e)(5)
may be illustrated by the following example:
Example. A, who is 44 years and 11 months old, transfers $100,000 to
a charitable remainder unitrust on January 1st. The trust instrument
requires that the trust pay to A semiannually (on June 30 and
December 31) 9 percent of the fair market value of the trust assets
as of January 1st during A's life. The section 7520 rate for January
is 9.6 percent. Under Table F(9.6) in �1.664-4(e)(6), the
appropriate adjustment factor is .933805 for semiannual payments
payable at the end of the semiannual period. The adjusted payout
rate is 8.404 (9% X .933805). Based on the remainder factors in
Table U(1) in this section, the present value of the remainder
interest is $10,109.00, computed as follows:
Factor at 8.4 percent at age 45 ........... .10117
Factor at 8.6 percent at age 45 ........... .09715
Difference ................................ .00402
Interpolation adjustment:
8.404% - 8.4% = x
0.2% .00402
x = .00008
Factor at 8.4 percent at age 45 .......... .10117
Less: Interpolation adjustment ........... .00008
Interpolated Factor ...................... .10109
Present value of remainder interest:
($100,000 X .10109) ..................... $10,109.00
(6) [Reserved].
(7) Actuarial Table U(1) for transfers for which the valuation date
is after April 30, 1999. For transfers for which the valuation date
is after April 30, 1999, the present value of a charitable remainder
unitrust interest that is dependent on a term of years or the
termination of a life interest is determined by using the section
7520 rate, Table U(1) in this paragraph (e)(7), and Table D and
Table F(4.2) through (14.0) in �1.664- 4(e)(6). See, however,
�1.7520-3(b) (relating to exceptions to the use of prescribed tables
under certain circumstances). Many actuarial factors not contained
in the following tables are contained in Internal Revenue Service
Publication 1458, "Actuarial Values, Book Beth," (1999). A copy of
this publication is available for purchase from the Superintendent
of Documents, United States Government Printing Office, Washington,
DC 20402.
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
0 .06177 .05580 .05061 .04609 .04215 .03871 .03570 .03307 .03075 .02872
1 .05543 .04925 .04388 .03919 .03509 .03151 .02838 .02563 .02321 .02109
2 .05716 .05081 .04528 .04045 .03622 .03252 .02927 .02642 .02391 .02170
3 .05920 .05268 .04699 .04201 .03765 .03382 .03046 .02750 .02490 .02260
4 .06143 .05475 .04889 .04376 .03926 .03530 .03182 .02876 .02605 .02366
5 .06384 .05697 .05095 .04567 .04103 .03694 .03334 .03016 .02735 .02487
6 .06637 .05933 .05315 .04771 .04292 .03870 .03497 .03168 .02876 .02618
7 .06905 .06183 .05547 .04987 .04494 .04058 .03673 .03332 .03029 .02761
8 .07186 .06445 .05792 .05216 .04708 .04258 .03859 .03506 .03192 .02914
9 .07482 .06722 .06052 .05460 .04936 .04471 .04060 .03694 .03369 .03079
10 .07793 .07015 .06327 .05718 .05179 .04700 .04274 .03896 .03559 .03259
11 .08120 .07323 .06617 .05991 .05435 .04942 .04502 .04111 .03762 .03450
12 .08461 .07645 .06920 .06277 .05706 .05197 .04744 .04339 .03978 .03655
13 .08812 .07976 .07234 .06574 .05985 .05461 .04993 .04576 .04202 .03867
14 .09168 .08313 .07552 .06874 .06269 .05729 .05247 .04815 .04428 .04081
15 .09527 .08652 .07872 .07176 .06554 .05999 .05501 .05055 .04655 .04296
16 .09886 .08991 .08192 .07478 .06839 .06267 .05754 .05294 .04880 .04508
17 .10249 .09334 .08515 .07782 .07126 .06537 .06008 .05533 .05105 .04720
18 .10616 .09680 .08842 .08090 .07415 .06809 .06264 .05774 .05332 .04933
19 .10994 .10037 .09178 .08407 .07714 .07091 .06529 .06023 .05566 .05153
20 .11384 .10406 .09527 .08737 .08025 .07383 .06805 .06283 .05811 .05384
21 .11790 .10790 .09891 .09080 .08349 .07690 .07094 .06555 .06068 .05626
22 .12208 .11188 .10267 .09436 .08686 .08008 .07395 .06839 .06336 .05879
23 .12643 .11601 .10659 .09808 .09038 .08342 .07710 .07138 .06618 .06146
24 .13095 .12031 .11069 .10197 .09408 .08692 .08042 .07452 .06915 .06427
25 .13567 .12481 .11497 .10605 .09795 .09060 .08392 .07784 .07230 .06726
26 .14058 .12950 .11945 .11032 .10202 .09447 .08760 .08134 .07563 .07042
27 .14571 .13442 .12415 .11481 .10631 .09856 .09149 .08505 .07916 .07379
28 .15104 .13953 .12904 .11949 .11078 .10284 .09558 .08895 .08288 .07733
29 .15656 .14484 .13414 .12438 .11546 .10731 .09986 .09304 .08679 .08106
30 .16229 .15034 .13943 .12946 .12034 .11198 .10433 .09732 .09089 .08498
31 .16821 .15605 .14493 .13474 .12541 .11685 .10900 .10179 .09517 .08909
32 .17433 .16196 .15063 .14023 .13069 .12193 .11387 .10647 .09966 .09339
33 .18068 .16810 .15655 .14595 .13620 .12723 .11897 .11137 .10437 .09791
34 .18724 .17446 .16270 .15189 .14193 .13275 .12430 .11650 .10930 .10265
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFER AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
35 .19405 .18107 .16910 .15808 .14791 .13853 .12987 .12187 .11448 .10764
36 .20109 .18791 .17574 .16451 .15414 .14456 .13569 .12749 .11990 .11287
37 .20838 .19500 .18263 .17120 .16062 .15083 .14177 .13337 .12558 .11835
38 .21593 .20236 .18979 .17816 .16739 .15739 .14813 .13953 .13154 .12412
39 .22374 .20998 .19723 .18540 .17443 .16423 .15477 .14597 .13779 .13017
40 .23183 .21789 .20496 .19294 .18177 .17138 .16172 .15272 .14434 .13653
41 .24021 .22611 .21299 .20079 .18943 .17885 .16899 .15980 .15123 .14322
42 .24889 .23463 .22134 .20896 .19741 .18665 .17660 .16721 .15845 .15025
43 .25786 .24344 .23000 .21744 .20572 .19477 .18453 .17496 .16601 .15762
44 .26712 .25257 .23896 .22625 .21435 .20322 .19281 .18305 .17391 .16534
45 .27665 .26196 .24821 .23534 .22328 .21198 .20139 .19145 .18213 .17338
46 .28644 .27163 .25774 .24472 .23251 .22105 .21028 .20018 .19068 .18174
47 .29647 .28155 .26754 .25438 .24201 .23040 .21947 .20919 .19952 .19041
48 .30676 .29173 .27760 .26431 .25181 .24004 .22896 .21852 .20868 .19941
49 .31729 .30217 .28794 .27453 .26190 .24999 .23876 .22817 .21817 .20873
50 .32808 .31289 .29856 .28505 .27229 .26026 .24889 .23814 .22799 .21839
51 .33912 .32387 .30946 .29585 .28299 .27083 .25933 .24845 .23815 .22840
52 .35038 .33507 .32060 .30691 .29395 .28168 .27005 .25904 .24861 .23872
53 .36185 .34651 .33198 .31821 .30517 .29280 .28106 .26993 .25937 .24934
54 .37352 .35815 .34358 .32976 .31664 .30418 .29234 .28110 .27042 .26026
55 .38539 .37002 .35542 .34155 .32836 .31583 .30390 .29256 .28177 .27149
56 .39746 .38209 .36748 .35358 .34034 .32774 .31574 .30431 .29342 .28303
57 .40971 .39437 .37976 .36584 .35257 .33992 .32785 .31634 .30536 .29488
58 .42212 .40682 .39222 .37829 .36500 .35231 .34019 .32862 .31756 .30699
59 .43464 .41939 .40482 .39090 .37759 .36488 .35272 .34109 .32996 .31932
60 .44726 .43207 .41754 .40364 .39034 .37761 .36542 .35375 .34257 .33186
61 .45999 .44488 .43041 .41655 .40326 .39053 .37833 .36662 .35540 .34463
62 .47286 .45785 .44345 .42964 .41639 .40367 .39146 .37974 .36848 .35767
63 .48589 .47098 .45667 .44293 .42972 .41703 .40484 .39311 .38184 .37100
64 .49903 .48426 .47005 .45638 .44324 .43060 .41843 .40671 .39544 .38458
65 .51229 .49766 .48357 .47001 .45694 .44435 .43223 .42054 .40927 .39841
66 .52568 .51121 .49726 .48381 .47084 .45833 .44626 .43461 .42337 .41252
67 .53924 .52495 .51115 .49784 .48498 .47256 .46056 .44898 .43778 .42696
68 .55293 .53883 .52521 .51205 .49932 .48701 .47511 .46360 .45246 .44169
69 .56671 .55283 .53940 .52640 .51382 .50165 .48985 .47844 .46738 .45666
70 .58052 .56687 .55365 .54084 .52843 .51639 .50473 .49342 .48245 .47181
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
71 .59431 .58091 .56791 .55529 .54306 .53118 .51966 .50847 .49761 .48707
72 .60804 .59490 .58213 .56973 .55768 .54598 .53461 .52357 .51283 .50239
73 .62168 .60881 .59629 .58411 .57227 .56076 .54955 .53866 .52806 .51774
74 .63528 .62268 .61042 .59848 .58686 .57555 .56453 .55380 .54335 .53316
75 .64887 .63657 .62458 .61290 .60151 .59041 .57959 .56904 .55875 .54872
76 .66249 .65049 .63880 .62739 .61625 .60538 .59478 .58443 .57432 .56446
77 .67612 .66446 .65307 .64194 .63108 .62046 .61009 .59995 .59005 .58037
78 .68975 .67843 .66736 .65654 .64596 .63561 .62548 .61558 .60590 .59643
79 .70330 .69233 .68160 .67109 .66081 .65074 .64088 .63123 .62178 .61253
80 .71666 .70605 .69566 .68548 .67550 .66573 .65615 .64676 .63755 .62853
81 .72975 .71950 .70946 .69961 .68995 .68047 .67117 .66205 .65310 .64433
82 .74250 .73263 .72293 .71342 .70407 .69490 .68589 .67705 .66837 .65984
83 .75493 .74542 .73608 .72690 .71788 .70902 .70031 .69175 .68333 .67506
84 .76712 .75798 .74900 .74016 .73147 .72292 .71451 .70624 .69810 .69010
85 .77913 .77037 .76175 .75326 .74491 .73668 .72859 .72061 .71276 .70503
86 .79086 .78248 .77423 .76610 .75808 .75019 .74241 .73474 .72719 .71974
87 .80218 .79418 .78628 .77850 .77083 .76326 .75580 .74844 .74118 .73402
88 .81307 .80544 .79790 .79047 .78313 .77589 .76874 .76169 .75473 .74786
89 .82355 .81628 .80909 .80200 .79500 .78808 .78125 .77450 .76783 .76125
90 .83360 .82668 .81985 .81309 .80642 .79982 .79330 .78685 .78048 .77418
91 .84308 .83650 .83000 .82357 .81721 .81092 .80470 .79855 .79246 .78645
92 .85182 .84556 .83937 .83325 .82718 .82119 .81525 .80937 .80356 .79780
93 .85985 .85390 .84800 .84215 .83637 .83064 .82497 .81936 .81379 .80829
94 .86732 .86164 .85601 .85044 .84491 .83944 .83402 .82865 .82333 .81806
95 .87437 .86895 .86359 .85827 .85300 .84778 .84260 .83746 .83237 .82733
96 .88097 .87582 .87070 .86563 .86060 .85561 .85066 .84575 .84088 .83605
97 .88708 .88216 .87727 .87243 .86762 .86285 .85811 .85341 .84875 .84413
98 .89280 .88810 .88343 .87880 .87420 .86964 .86511 .86061 .85614 .85171
99 .89836 .89388 .88943 .88501 .88062 .87626 .87193 .86763 .86336 .85911
100 .90375 .89948 .89525 .89103 .88685 .88269 .87856 .87445 .87037 .86632
101 .90905 .90500 .90097 .89696 .89298 .88902 .88509 .88118 .87729 .87342
102 .91424 .91040 .90658 .90278 .89900 .89524 .89150 .88778 .88408 .88040
103 .91939 .91575 .91214 .90854 .90496 .90139 .89785 .89432 .89081 .88732
104 .92485 .92144 .91805 .91467 .91131 .90796 .90463 .90131 .89800 .89471
105 .93020 .92701 .92383 .92067 .91751 .91437 .91125 .90813 .90502 .90193
106 .93701 .93411 .93122 .92834 .92546 .92260 .91974 .91689 .91405 .91122
107 .94522 .94268 .94013 .93760 .93507 .93254 .93002 .92750 .92499 .92249
108 .95782 .95583 .95385 .95187 .94989 .94791 .94593 .94396 .94199 .94002
109 .97900 .97800 .97700 .97600 .97500 .97400 .97300 .97200 .97100 .97000
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
0 .02693 .02534 .02395 .02271 .02161 .02063 .01976 .01898 .01828 .01765
1 .01922 .01756 .01610 .01480 .01365 .01263 .01171 .01090 .01017 .00951
2 .01975 .01802 .01650 .01514 .01393 .01286 .01190 .01104 .01028 .00959
3 .02056 .01876 .01717 .01575 .01449 .01336 .01235 .01145 .01064 .00992
4 .02155 .01967 .01800 .01652 .01520 .01401 .01296 .01201 .01116 .01039
5 .02266 .02071 .01896 .01741 .01603 .01479 .01368 .01269 .01179 .01098
6 .02389 .02184 .02003 .01841 .01696 .01566 .01450 .01345 .01251 .01166
7 .02522 .02309 .02120 .01950 .01799 .01663 .01540 .01431 .01332 .01242
8 .02665 .02444 .02246 .02069 .01910 .01768 .01640 .01524 .01420 .01326
9 .02821 .02590 .02384 .02199 .02033 .01884 .01750 .01629 .01520 .01421
10 .02990 .02750 .02535 .02342 .02169 .02013 .01872 .01745 .01631 .01526
11 .03172 .02922 .02698 .02497 .02316 .02153 .02006 .01872 .01752 .01643
12 .03365 .03106 .02872 .02663 .02474 .02303 .02149 .02010 .01884 .01769
13 .03566 .03297 .03054 .02835 .02638 .02460 .02299 .02154 .02021 .01901
14 .03770 .03490 .03237 .03010 .02804 .02619 .02450 .02298 .02159 .02033
15 .03973 .03682 .03419 .03182 .02968 .02775 .02599 .02439 .02294 .02162
16 .04173 .03871 .03598 .03352 .03129 .02926 .02743 .02576 .02424 .02286
17 .04372 .04059 .03775 .03519 .03287 .03076 .02884 .02710 .02551 .02406
18 .04573 .04248 .03953 .03686 .03444 .03224 .03024 .02842 .02676 .02524
19 .04780 .04443 .04137 .03859 .03607 .03378 .03169 .02978 .02804 .02646
20 .04997 .04647 .04329 .04040 .03778 .03539 .03321 .03122 .02940 .02773
21 .05226 .04862 .04532 .04232 .03958 .03709 .03481 .03274 .03083 .02909
22 .05465 .05088 .04745 .04432 .04148 .03888 .03650 .03433 .03234 .03052
23 .05716 .05325 .04969 .04645 .04348 .04077 .03830 .03603 .03394 .03203
24 .05983 .05578 .05208 .04871 .04562 .04280 .04021 .03784 .03566 .03367
25 .06266 .05846 .05463 .05112 .04791 .04497 .04227 .03980 .03752 .03543
26 .06566 .06131 .05734 .05369 .05035 .04729 .04448 .04189 .03951 .03732
27 .06887 .06436 .06024 .05646 .05298 .04979 .04686 .04416 .04168 .03939
28 .07225 .06758 .06331 .05938 .05577 .05245 .04940 .04658 .04398 .04159
29 .07581 .07099 .06656 .06248 .05873 .05528 .05210 .04916 .04645 .04394
30 .07956 .07457 .06998 .06575 .06186 .05827 .05495 .05189 .04906 .04644
31 .08348 .07833 .07358 .06920 .06515 .06142 .05797 .05478 .05182 .04908
32 .08761 .08228 .07736 .07282 .06863 .06475 .06116 .05783 .05475 .05189
33 .09195 .08645 .08136 .07666 .07231 .06828 .06454 .06108 .05786 .05488
34 .09651 .09082 .08557 .08070 .07619 .07200 .06812 .06452 .06117 .05805
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
35 .10131 .09545 .09002 .08498 .08030 .07596 .07193 .06818 .06469 .06144
36 .10635 .10031 .09470 .08949 .08465 .08015 .07596 .07206 .06842 .06503
37 .11165 .10542 .09963 .09424 .08923 .08457 .08022 .07617 .07238 .06885
38 .11722 .11081 .10484 .09927 .09409 .08926 .08475 .08054 .07661 .07293
39 .12308 .11648 .11032 .10458 .09922 .09422 .08955 .08518 .08109 .07726
40 .12925 .12246 .11612 .11020 .10466 .09949 .09465 .09011 .08587 .08189
41 .13575 .12877 .12225 .11614 .11043 .10508 .10007 .09537 .09097 .08683
42 .14259 .13542 .12871 .12243 .11654 .11101 .10583 .10097 .09640 .09210
43 .14977 .14242 .13552 .12905 .12298 .11729 .11193 .10690 .10217 .09771
44 .15731 .14976 .14269 .13604 .12979 .12391 .11838 .11318 .10828 .10367
45 .16516 .15743 .15017 .14334 .13691 .13086 .12516 .11979 .11472 .10994
46 .17334 .16544 .15800 .15099 .14438 .13816 .13228 .12674 .12150 .11656
47 .18184 .17375 .16613 .15895 .15217 .14576 .13972 .13400 .12860 .12349
48 .19066 .18240 .17461 .16724 .16029 .15371 .14749 .14161 .13604 .13077
49 .19981 .19138 .18342 .17588 .16875 .16201 .15562 .14956 .14383 .13839
50 .20931 .20072 .19259 .18489 .17759 .17067 .16412 .15790 .15199 .14639
51 .21917 .21042 .20212 .19426 .18679 .17971 .17299 .16660 .16054 .15477
52 .22933 .22043 .21198 .20395 .19633 .18909 .18220 .17566 .16943 .16350
53 .23981 .23076 .22216 .21399 .20621 .19881 .19176 .18506 .17867 .17258
54 .25060 .24141 .23267 .22434 .21642 .20886 .20166 .19480 .18826 .18201
55 .26171 .25239 .24351 .23504 .22697 .21927 .21192 .20491 .19821 .19182
56 .27313 .26369 .25468 .24608 .23787 .23003 .22254 .21538 .20854 .20199
57 .28487 .27531 .26618 .25746 .24912 .24114 .23351 .22621 .21923 .21254
58 .29688 .28722 .27798 .26914 .26067 .25257 .24481 .23738 .23025 .22343
59 .30913 .29937 .29002 .28107 .27249 .26427 .25639 .24882 .24157 .23461
60 .32159 .31175 .30231 .29325 .28457 .27623 .26823 .26055 .25317 .24608
61 .33429 .32437 .31485 .30571 .29692 .28848 .28037 .27257 .26507 .25786
62 .34728 .33730 .32770 .31847 .30960 .30106 .29285 .28495 .27734 .27001
63 .36057 .35053 .34087 .33157 .32262 .31400 .30569 .29769 .28998 .28255
64 .37412 .36404 .35433 .34498 .33596 .32726 .31887 .31078 .30298 .29545
65 .38794 .37783 .36809 .35868 .34961 .34085 .33239 .32422 .31633 .30871
66 .40205 .39193 .38216 .37272 .36361 .35479 .34628 .33804 .33008 .32238
67 .41650 .40639 .39661 .38715 .37800 .36915 .36059 .35230 .34428 .33651
68 .43126 .42117 .41139 .40193 .39277 .38390 .37530 .36697 .35890 .35108
69 .44628 .43622 .42648 .41703 .40787 .39898 .39037 .38201 .37391 .36604
70 .46150 .45149 .44178 .43236 .42321 .41433 .40571 .39735 .38922 .38132
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
71 .47683 .46689 .45723 .44785 .43873 .42987 .42126 .41290 .40476 .39685
72 .49225 .48238 .47279 .46346 .45439 .44556 .43697 .42862 .42048 .41257
73 .50770 .49793 .48841 .47915 .47013 .46135 .45280 .44447 .43635 .42844
74 .52324 .51358 .50416 .49498 .48603 .47731 .46880 .46051 .45242 .44454
75 .53894 .52939 .52008 .51100 .50214 .49349 .48505 .47681 .46877 .46092
76 .55483 .54543 .53624 .52728 .51852 .50996 .50160 .49344 .48546 .47766
77 .57091 .56167 .55263 .54380 .53516 .52671 .51845 .51038 .50247 .49475
78 .58716 .57809 .56922 .56053 .55203 .54372 .53557 .52760 .51980 .51216
79 .60346 .59459 .58590 .57738 .56904 .56086 .55286 .54501 .53732 .52978
80 .61969 .61102 .60252 .59419 .58601 .57800 .57014 .56243 .55487 .54745
81 .63571 .62726 .61897 .61082 .60283 .59499 .58729 .57974 .57232 .56503
82 .65146 .64324 .63515 .62722 .61942 .61176 .60423 .59683 .58957 .58242
83 .66693 .65893 .65108 .64335 .63575 .62828 .62093 .61371 .60660 .59962
84 .68222 .67447 .66684 .65934 .65195 .64468 .63753 .63049 .62356 .61674
85 .69742 .68993 .68255 .67528 .66812 .66106 .65411 .64727 .64053 .63389
86 .71241 .70517 .69805 .69102 .68410 .67727 .67054 .66390 .65736 .65091
87 .72696 .72000 .71313 .70635 .69967 .69307 .68656 .68014 .67381 .66756
88 .74108 .73438 .72777 .72125 .71480 .70845 .70217 .69597 .68985 .68380
89 .75475 .74832 .74198 .73571 .72951 .72339 .71734 .71137 .70547 .69963
90 .76796 .76180 .75572 .74971 .74376 .73788 .73207 .72633 .72065 .71503
91 .78049 .77460 .76878 .76302 .75732 .75168 .74610 .74058 .73512 .72972
92 .79211 .78647 .78089 .77537 .76990 .76449 .75913 .75383 .74858 .74338
93 .80283 .79743 .79208 .78679 .78154 .77634 .77119 .76610 .76105 .75604
94 .81283 .80765 .80253 .79744 .79240 .78741 .78247 .77756 .77270 .76789
95 .82233 .81737 .81245 .80757 .80274 .79795 .79320 .78849 .78382 .77918
96 .83126 .82651 .82180 .81712 .81248 .80788 .80332 .79880 .79431 .78985
97 .83953 .83498 .83046 .82597 .82152 .81710 .81271 .80836 .80404 .79976
98 .84731 .84294 .83860 .83429 .83002 .82577 .82155 .81737 .81321 .80908
99 .85490 .85071 .84656 .84243 .83832 .83425 .83020 .82618 .82219 .81822
100 .86229 .85828 .85431 .85035 .84642 .84252 .83864 .83478 .83095 .82714
101 .86958 .86575 .86195 .85818 .85442 .85069 .84698 .84329 .83962 .83597
102 .87674 .87310 .86947 .86587 .86229 .85873 .85518 .85166 .84815 .84466
103 .88384 .88038 .87694 .87351 .87010 .86671 .86334 .85998 .85663 .85331
104 .89143 .88817 .88492 .88169 .87847 .87526 .87207 .86889 .86573 .86258
105 .89885 .89578 .89272 .88967 .88664 .88361 .88060 .87760 .87461 .87163
106 .90840 .90559 .90278 .89999 .89720 .89442 .89165 .88888 .88613 .88338
107 .91999 .91750 .91501 .91253 .91005 .90758 .90511 .90265 .90019 .89774
108 .93805 .93609 .93412 .93216 .93020 .92824 .92629 .92434 .92239 .92044
109 .96900 .96800 .96700 .96600 .96500 .96400 .96300 .96200 .96100 .96000
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
0 .01709 .01658 .01612 .01570 .01532 .01497 .01466 .01437 .01410 .01386
1 .00892 .00839 .00791 .00747 .00708 .00672 .00639 .00609 .00582 .00557
2 .00896 .00840 .00790 .00744 .00702 .00664 .00629 .00598 .00569 .00542
3 .00926 .00867 .00814 .00765 .00721 .00681 .00644 .00611 .00580 .00552
4 .00970 .00908 .00851 .00800 .00753 .00711 .00672 .00636 .00604 .00574
5 .01026 .00960 .00900 .00846 .00796 .00751 .00710 .00672 .00637 .00606
6 .01089 .01019 .00956 .00899 .00846 .00799 .00755 .00715 .00678 .00644
7 .01161 .01088 .01021 .00960 .00905 .00854 .00808 .00765 .00726 .00690
8 .01241 .01163 .01093 .01029 .00970 .00917 .00867 .00822 .00781 .00743
9 .01331 .01249 .01175 .01107 .01045 .00988 .00936 .00889 .00845 .00804
10 .01432 .01346 .01268 .01196 .01131 .01071 .01016 .00965 .00918 .00875
11 .01543 .01453 .01370 .01295 .01226 .01162 .01104 .01051 .01001 .00956
12 .01664 .01569 .01482 .01403 .01330 .01263 .01202 .01145 .01093 .01045
13 .01791 .01691 .01600 .01516 .01440 .01369 .01304 .01245 .01190 .01139
14 .01918 .01813 .01717 .01629 .01548 .01474 .01406 .01343 .01285 .01231
15 .02041 .01931 .01831 .01738 .01653 .01576 .01504 .01437 .01376 .01320
16 .02160 .02044 .01938 .01841 .01752 .01670 .01595 .01525 .01460 .01401
17 .02274 .02152 .02041 .01940 .01846 .01760 .01680 .01607 .01539 .01476
18 .02386 .02258 .02142 .02035 .01936 .01846 .01762 .01685 .01613 .01547
19 .02500 .02367 .02245 .02132 .02029 .01933 .01845 .01764 .01689 .01619
20 .02621 .02481 .02353 .02235 .02126 .02025 .01933 .01847 .01768 .01694
21 .02749 .02603 .02468 .02344 .02229 .02124 .02026 .01936 .01852 .01774
22 .02884 .02730 .02589 .02458 .02338 .02227 .02124 .02029 .01940 .01859
23 .03028 .02867 .02718 .02581 .02454 .02337 .02229 .02128 .02035 .01949
24 .03183 .03013 .02857 .02713 .02580 .02456 .02342 .02236 .02138 .02047
25 .03350 .03172 .03008 .02857 .02717 .02587 .02467 .02355 .02251 .02155
26 .03530 .03344 .03172 .03013 .02865 .02729 .02602 .02484 .02375 .02273
27 .03727 .03532 .03351 .03183 .03028 .02885 .02751 .02627 .02511 .02404
28 .03937 .03732 .03543 .03367 .03204 .03052 .02911 .02780 .02658 .02545
29 .04162 .03947 .03748 .03564 .03392 .03233 .03084 .02946 .02818 .02698
30 .04401 .04176 .03967 .03773 .03593 .03425 .03269 .03124 .02988 .02861
31 .04654 .04419 .04200 .03996 .03807 .03630 .03466 .03312 .03169 .03035
32 .04923 .04676 .04447 .04233 .04034 .03849 .03676 .03514 .03363 .03221
33 .05210 .04952 .04711 .04487 .04278 .04083 .03901 .03731 .03571 .03422
34 .05515 .05245 .04993 .04758 .04538 .04333 .04142 .03962 .03794 .03637
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
35 .05841 .05558 .05295 .05048 .04818 .04603 .04401 .04212 .04035 .03869
36 .06187 .05892 .05616 .05358 .05116 .04890 .04678 .04480 .04293 .04118
37 .06555 .06247 .05958 .05688 .05435 .05198 .04975 .04766 .04570 .04385
38 .06949 .06627 .06325 .06043 .05777 .05528 .05295 .05075 .04868 .04674
39 .07368 .07032 .06717 .06421 .06143 .05882 .05637 .05406 .05189 .04984
40 .07816 .07465 .07137 .06827 .06537 .06263 .06006 .05764 .05535 .05320
41 .08295 .07930 .07587 .07264 .06960 .06674 .06405 .06150 .05910 .05683
42 .08807 .08427 .08069 .07733 .07415 .07116 .06833 .06567 .06315 .06077
43 .09352 .08957 .08585 .08233 .07902 .07589 .07294 .07014 .06750 .06500
44 .09932 .09521 .09134 .08768 .08423 .08096 .07787 .07495 .07218 .06956
45 .10543 .10117 .09715 .09334 .08974 .08634 .08311 .08005 .07716 .07441
46 .11189 .10747 .10329 .09933 .09559 .09204 .08867 .08548 .08245 .07958
47 .11866 .11408 .10974 .10564 .10174 .09805 .09454 .09121 .08805 .08504
48 .12577 .12103 .11654 .11228 .10823 .10439 .10074 .09727 .09397 .09083
49 .13323 .12833 .12368 .11926 .11506 .11107 .10728 .10366 .10022 .09695
50 .14107 .13601 .13120 .12663 .12228 .11813 .11419 .11043 .10685 .10344
51 .14928 .14407 .13910 .13437 .12987 .12558 .12149 .11758 .11386 .11031
52 .15785 .15248 .14735 .14247 .13781 .13337 .12913 .12508 .12122 .11752
53 .16678 .16124 .15597 .15093 .14612 .14153 .13714 .13294 .12893 .12509
54 .17606 .17037 .16493 .15974 .15478 .15004 .14550 .14116 .13700 .13302
55 .18570 .17986 .17428 .16893 .16382 .15893 .15424 .14976 .14546 .14134
56 .19573 .18974 .18400 .17851 .17325 .16821 .16338 .15875 .15430 .15004
57 .20613 .20000 .19412 .18848 .18307 .17789 .17291 .16814 .16355 .15914
58 .21688 .21060 .20458 .19880 .19325 .18792 .18280 .17788 .17316 .16861
59 .22793 .22151 .21535 .20943 .20374 .19827 .19301 .18795 .18309 .17840
60 .23927 .23272 .22642 .22036 .21454 .20893 .20354 .19834 .19334 .18851
61 .25092 .24425 .23782 .23163 .22567 .21993 .21440 .20907 .20393 .19898
62 .26295 .25616 .24961 .24329 .23721 .23134 .22568 .22021 .21494 .20985
63 .27538 .26847 .26180 .25537 .24916 .24316 .23738 .23179 .22639 .22117
64 .28817 .28116 .27438 .26783 .26150 .25539 .24949 .24377 .23825 .23291
65 .30134 .29423 .28735 .28069 .27426 .26803 .26201 .25618 .25054 .24508
66 .31493 .30772 .30075 .29399 .28746 .28113 .27500 .26906 .26331 .25774
67 .32899 .32170 .31464 .30780 .30118 .29475 .28852 .28248 .27663 .27095
68 .34349 .33614 .32901 .32209 .31538 .30887 .30256 .29643 .29047 .28469
69 .35841 .35100 .34381 .33683 .33005 .32346 .31707 .31085 .30481 .29894
70 .37366 .36620 .35896 .35193 .34509 .33844 .33197 .32568 .31957 .31362
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
71 .38916 .38167 .37440 .36732 .36043 .35372 .34720 .34084 .33466 .32864
72 .40486 .39736 .39006 .38295 .37602 .36927 .36270 .35629 .35005 .34396
73 .42074 .41323 .40591 .39878 .39182 .38504 .37843 .37198 .36568 .35955
74 .43685 .42934 .42202 .41488 .40791 .40110 .39446 .38798 .38165 .37547
75 .45326 .44577 .43846 .43132 .42435 .41754 .41088 .40438 .39802 .39181
76 .47004 .46259 .45530 .44818 .44122 .43442 .42776 .42125 .41488 .40865
77 .48718 .47979 .47255 .46547 .45853 .45175 .44511 .43861 .43225 .42601
78 .50467 .49735 .49017 .48314 .47626 .46951 .46290 .45643 .45008 .44386
79 .52239 .51515 .50806 .50110 .49427 .48758 .48102 .47459 .46828 .46209
80 .54018 .53304 .52603 .51916 .51242 .50580 .49930 .49292 .48666 .48052
81 .55788 .55085 .54396 .53718 .53053 .52399 .51757 .51126 .50507 .49898
82 .57540 .56851 .56173 .55506 .54851 .54207 .53574 .52951 .52339 .51737
83 .59274 .58598 .57933 .57279 .56635 .56001 .55378 .54765 .54161 .53567
84 .61002 .60341 .59690 .59049 .58418 .57796 .57184 .56582 .55988 .55403
85 .62734 .62090 .61454 .60828 .60211 .59603 .59004 .58414 .57832 .57258
86 .64455 .63828 .63210 .62600 .61999 .61406 .60821 .60244 .59675 .59113
87 .66139 .65531 .64930 .64337 .63752 .63175 .62605 .62043 .61488 .60939
88 .67783 .67194 .66612 .66037 .65469 .64908 .64354 .63807 .63267 .62733
89 .69387 .68817 .68254 .67698 .67148 .66605 .66068 .65537 .65012 .64493
90 .70947 .70398 .69855 .69318 .68786 .68261 .67742 .67228 .66719 .66217
91 .72437 .71908 .71385 .70867 .70354 .69847 .69345 .68848 .68357 .67870
92 .73823 .73314 .72810 .72310 .71816 .71326 .70841 .70361 .69886 .69415
93 .75109 .74618 .74132 .73650 .73173 .72700 .72232 .71768 .71308 .70852
94 .76312 .75839 .75370 .74905 .74445 .73988 .73536 .73087 .72643 .72202
95 .77459 .77004 .76552 .76104 .75660 .75220 .74783 .74350 .73920 .73494
96 .78543 .78105 .77670 .77238 .76810 .76386 .75964 .75546 .75131 .74720
97 .79550 .79128 .78709 .78293 .77880 .77470 .77063 .76659 .76258 .75860
98 .80498 .80091 .79687 .79286 .78888 .78492 .78099 .77709 .77322 .76937
99 .81428 .81036 .80647 .80261 .79877 .79496 .79117 .78741 .78367 .77995
100 .82336 .81959 .81586 .81214 .80845 .80478 .80113 .79751 .79390 .79032
101 .83234 .82873 .82515 .82158 .81804 .81451 .81101 .80753 .80406 .80062
102 .84119 .83774 .83431 .83089 .82750 .82412 .82076 .81742 .81409 .81078
103 .84999 .84670 .84342 .84016 .83691 .83368 .83046 .82726 .82408 .82091
104 .85944 .85632 .85321 .85011 .84703 .84396 .84090 .83786 .83483 .83182
105 .86866 .86570 .86276 .85982 .85690 .85399 .85109 .84820 .84532 .84245
106 .88065 .87792 .87520 .87248 .86978 .86708 .86440 .86172 .85905 .85638
107 .89530 .89286 .89042 .88799 .88557 .88315 .88073 .87833 .87592 .87352
108 .91849 .91654 .91460 .91266 .91072 .90879 .90685 .90492 .90299 .90106
109 .95900 .95800 .95700 .95600 .95500 .95400 .95300 .95200 .95100 .95000
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
0 .01363 .01342 .01323 .01305 .01288 .01272 .01258 .01244 .01231 .01219
1 .00534 .00512 .00493 .00474 .00458 .00442 .00427 .00414 .00401 .00389
2 .00518 .00495 .00474 .00455 .00437 .00421 .00405 .00391 .00377 .00365
3 .00526 .00502 .00480 .00459 .00440 .00422 .00406 .00391 .00376 .00363
4 .00546 .00521 .00497 .00475 .00455 .00436 .00419 .00402 .00387 .00373
5 .00576 .00549 .00524 .00501 .00479 .00459 .00440 .00423 .00406 .00391
6 .00613 .00584 .00557 .00532 .00509 .00488 .00468 .00449 .00432 .00415
7 .00657 .00626 .00598 .00571 .00547 .00524 .00502 .00482 .00464 .00446
8 .00707 .00675 .00644 .00616 .00590 .00565 .00542 .00521 .00501 .00482
9 .00766 .00732 .00699 .00669 .00641 .00615 .00591 .00568 .00547 .00527
10 .00835 .00798 .00764 .00732 .00702 .00675 .00649 .00624 .00602 .00580
11 .00913 .00874 .00838 .00804 .00772 .00743 .00715 .00689 .00665 .00642
12 .01000 .00959 .00920 .00884 .00851 .00819 .00790 .00762 .00737 .00712
13 .01091 .01048 .01007 .00969 .00933 .00900 .00869 .00840 .00813 .00787
14 .01181 .01135 .01092 .01052 .01014 .00979 .00947 .00916 .00887 .00860
15 .01267 .01218 .01173 .01130 .01091 .01054 .01019 .00987 .00956 .00928
16 .01345 .01294 .01246 .01201 .01160 .01121 .01084 .01050 .01018 .00988
17 .01418 .01364 .01313 .01266 .01222 .01181 .01143 .01107 .01073 .01041
18 .01486 .01429 .01375 .01326 .01279 .01236 .01196 .01158 .01122 .01088
19 .01554 .01494 .01438 .01385 .01336 .01291 .01248 .01208 .01170 .01135
20 .01626 .01562 .01503 .01448 .01396 .01348 .01303 .01260 .01220 .01183
21 .01702 .01635 .01573 .01514 .01460 .01409 .01361 .01316 .01274 .01235
22 .01782 .01711 .01645 .01584 .01526 .01472 .01422 .01374 .01330 .01288
23 .01868 .01793 .01724 .01658 .01597 .01540 .01487 .01437 .01390 .01345
24 .01962 .01883 .01809 .01740 .01675 .01615 .01558 .01505 .01455 .01408
25 .02065 .01981 .01903 .01830 .01762 .01698 .01638 .01581 .01528 .01478
26 .02178 .02089 .02006 .01929 .01856 .01789 .01725 .01665 .01609 .01556
27 .02303 .02209 .02122 .02040 .01963 .01891 .01824 .01760 .01700 .01644
28 .02439 .02339 .02247 .02160 .02079 .02002 .01931 .01863 .01800 .01740
29 .02585 .02480 .02382 .02290 .02204 .02123 .02047 .01976 .01908 .01845
30 .02742 .02631 .02527 .02430 .02339 .02253 .02172 .02096 .02025 .01957
31 .02910 .02793 .02683 .02579 .02482 .02391 .02306 .02225 .02149 .02077
32 .03089 .02965 .02849 .02739 .02636 .02540 .02449 .02363 .02282 .02206
33 .03282 .03151 .03028 .02912 .02803 .02701 .02604 .02513 .02427 .02346
34 .03489 .03350 .03220 .03097 .02982 .02873 .02771 .02674 .02583 .02497
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
35 .03713 .03567 .03429 .03299 .03177 .03061 .02953 .02850 .02753 .02661
36 .03953 .03798 .03653 .03515 .03386 .03263 .03148 .03039 .02936 .02838
37 .04211 .04048 .03894 .03748 .03611 .03481 .03359 .03243 .03134 .03030
38 .04490 .04318 .04155 .04001 .03856 .03719 .03589 .03466 .03350 .03239
39 .04791 .04609 .04437 .04274 .04120 .03975 .03837 .03707 .03583 .03466
40 .05116 .04924 .04742 .04571 .04408 .04254 .04108 .03970 .03839 .03714
41 .05469 .05267 .05075 .04894 .04722 .04559 .04405 .04258 .04119 .03987
42 .05851 .05638 .05436 .05245 .05063 .04891 .04728 .04573 .04425 .04285
43 .06263 .06039 .05827 .05625 .05433 .05252 .05079 .04915 .04759 .04610
44 .06707 .06472 .06248 .06035 .05834 .05642 .05459 .05286 .05121 .04963
45 .07180 .06933 .06698 .06474 .06262 .06059 .05867 .05684 .05509 .05342
46 .07685 .07425 .07178 .06943 .06720 .06507 .06304 .06110 .05926 .05750
47 .08218 .07946 .07687 .07440 .07205 .06981 .06768 .06564 .06369 .06183
48 .08784 .08499 .08228 .07969 .07722 .07487 .07262 .07047 .06842 .06646
49 .09382 .09085 .08801 .08530 .08271 .08024 .07788 .07562 .07346 .07140
50 .10018 .09707 .09410 .09127 .08856 .08597 .08349 .08112 .07885 .07667
51 .10691 .10367 .10057 .09761 .09477 .09206 .08946 .08697 .08459 .08231
52 .11399 .11061 .10738 .10429 .10132 .09849 .09577 .09316 .09066 .08826
53 .12142 .11791 .11454 .11132 .10823 .10526 .10242 .09969 .09707 .09456
54 .12921 .12556 .12206 .11870 .11548 .11239 .10942 .10657 .10383 .10120
55 .13738 .13359 .12995 .12646 .12311 .11989 .11679 .11382 .11096 .10820
56 .14595 .14202 .13824 .13462 .13113 .12778 .12456 .12146 .11847 .11560
57 .15491 .15084 .14693 .14317 .13955 .13607 .13272 .12949 .12638 .12338
58 .16424 .16004 .15599 .15209 .14834 .14473 .14125 .13789 .13465 .13153
59 .17390 .16955 .16537 .16134 .15746 .15371 .15010 .14662 .14325 .14001
60 .18387 .17939 .17507 .17091 .16689 .16302 .15927 .15566 .15217 .14880
61 .19420 .18958 .18513 .18084 .17669 .17268 .16881 .16506 .16145 .15795
62 .20494 .20020 .19561 .19119 .18691 .18277 .17877 .17490 .17115 .16753
63 .21613 .21126 .20654 .20199 .19758 .19331 .18918 .18518 .18131 .17757
64 .22774 .22274 .21791 .21322 .20869 .20429 .20004 .19592 .19192 .18805
65 .23979 .23467 .22971 .22490 .22025 .21573 .21135 .20710 .20299 .19899
66 .25233 .24709 .24202 .23709 .23231 .22767 .22318 .21881 .21457 .21045
67 .26543 .26009 .25489 .24985 .24496 .24021 .23560 .23111 .22676 .22252
68 .27908 .27363 .26833 .26319 .25819 .25332 .24860 .24400 .23954 .23519
69 .29324 .28769 .28230 .27705 .27195 .26699 .26216 .25746 .25288 .24843
70 .30783 .30219 .29671 .29137 .28618 .28112 .27619 .27139 .26672 .26216
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
71 .32277 .31706 .31150 .30608 .30079 .29564 .29063 .28573 .28096 .27631
72 .33803 .33225 .32661 .32112 .31575 .31052 .30542 .30044 .29559 .29084
73 .35356 .34772 .34201 .33645 .33101 .32571 .32053 .31547 .31053 .30571
74 .36943 .36354 .35778 .35215 .34666 .34129 .33604 .33091 .32590 .32100
75 .38574 .37980 .37400 .36833 .36278 .35735 .35205 .34686 .34178 .33681
76 .40256 .39660 .39076 .38505 .37947 .37400 .36864 .36340 .35827 .35324
77 .41991 .41394 .40808 .40235 .39674 .39124 .38585 .38056 .37539 .37032
78 .43777 .43180 .42594 .42020 .41457 .40906 .40365 .39834 .39314 .38803
79 .45602 .45007 .44422 .43849 .43287 .42735 .42193 .41661 .41139 .40627
80 .47449 .46856 .46275 .45704 .45143 .44592 .44051 .43519 .42997 .42484
81 .49300 .48712 .48134 .47566 .47008 .46460 .45921 .45391 .44870 .44357
82 .51145 .50563 .49990 .49427 .48873 .48328 .47792 .47265 .46746 .46235
83 .52983 .52407 .51841 .51284 .50735 .50195 .49663 .49139 .48624 .48116
84 .54828 .54261 .53702 .53151 .52609 .52075 .51549 .51030 .50519 .50015
85 .56693 .56135 .55586 .55044 .54510 .53983 .53464 .52952 .52447 .51949
86 .58560 .58013 .57474 .56943 .56418 .55901 .55390 .54886 .54389 .53898
87 .60398 .59864 .59337 .58817 .58303 .57795 .57294 .56799 .56310 .55828
88 .62206 .61685 .61170 .60662 .60159 .59663 .59173 .58688 .58209 .57736
89 .63980 .63474 .62972 .62477 .61987 .61503 .61024 .60551 .60083 .59620
90 .65719 .65227 .64741 .64259 .63783 .63312 .62846 .62385 .61928 .61477
91 .67388 .66912 .66440 .65973 .65511 .65053 .64600 .64152 .63708 .63269
92 .68949 .68487 .68030 .67577 .67129 .66685 .66245 .65809 .65378 .64950
93 .70401 .69954 .69511 .69072 .68637 .68205 .67778 .67355 .66935 .66519
94 .71765 .71332 .70902 .70477 .70055 .69636 .69222 .68810 .68403 .67998
95 .73072 .72653 .72237 .71825 .71416 .71010 .70608 .70209 .69813 .69421
96 .74311 .73906 .73504 .73105 .72709 .72316 .71926 .71539 .71155 .70774
97 .75465 .75073 .74684 .74297 .73914 .73533 .73155 .72780 .72407 .72037
98 .76555 .76175 .75798 .75424 .75052 .74683 .74317 .73953 .73591 .73232
99 .77626 .77260 .76895 .76534 .76174 .75817 .75462 .75109 .74759 .74411
100 .78676 .78323 .77971 .77622 .77274 .76929 .76586 .76245 .75906 .75569
101 .79719 .79379 .79040 .78703 .78368 .78035 .77704 .77375 .77048 .76722
102 .80749 .80422 .80096 .79772 .79450 .79130 .78811 .78494 .78178 .77864
103 .81775 .81461 .81149 .80838 .80529 .80221 .79914 .79609 .79306 .79003
104 .82881 .82582 .82284 .81988 .81693 .81399 .81106 .80815 .80525 .80236
105 .83959 .83674 .83391 .83108 .82826 .82546 .82267 .81988 .81711 .81435
106 .85373 .85108 .84844 .84581 .84319 .84058 .83797 .83537 .83278 .83020
107 .87113 .86875 .86636 .86399 .86161 .85925 .85689 .85453 .85218 .84984
108 .89913 .89721 .89529 .89337 .89145 .88953 .88762 .88571 .88380 .88189
109 .94900 .94800 .94700 .94600 .94500 .94400 .94300 .94200 .94100 .94000
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
0 .01208 .01197 .01187 .01177 .01168 .01159 .01151 .01143 .01135 .01128
1 .00378 .00367 .00358 .00348 .00340 .00331 .00323 .00316 .00309 .00302
2 .00353 .00342 .00331 .00322 .00312 .00304 .00295 .00288 .00280 .00273
3 .00350 .00339 .00327 .00317 .00307 .00298 .00289 .00281 .00273 .00265
4 .00359 .00347 .00335 .00324 .00313 .00303 .00294 .00285 .00276 .00268
5 .00377 .00363 .00351 .00339 .00327 .00317 .00306 .00297 .00288 .00279
6 .00400 .00386 .00372 .00359 .00347 .00335 .00325 .00314 .00305 .00295
7 .00430 .00414 .00400 .00386 .00373 .00360 .00349 .00338 .00327 .00317
8 .00465 .00448 .00432 .00417 .00403 .00390 .00378 .00366 .00354 .00344
9 .00508 .00490 .00473 .00457 .00442 .00428 .00414 .00402 .00389 .00378
10 .00560 .00541 .00523 .00506 .00490 .00475 .00460 .00446 .00433 .00421
11 .00620 .00600 .00581 .00563 .00546 .00529 .00514 .00499 .00485 .00472
12 .00689 .00668 .00647 .00628 .00610 .00593 .00576 .00560 .00545 .00531
13 .00763 .00740 .00718 .00698 .00678 .00660 .00642 .00626 .00610 .00595
14 .00834 .00810 .00787 .00766 .00745 .00726 .00707 .00689 .00673 .00657
15 .00901 .00875 .00851 .00828 .00807 .00786 .00767 .00748 .00730 .00714
16 .00959 .00932 .00907 .00883 .00860 .00839 .00818 .00799 .00780 .00762
17 .01011 .00983 .00956 .00930 .00907 .00884 .00862 .00842 .00822 .00804
18 .01057 .01027 .00999 .00972 .00947 .00923 .00900 .00879 .00858 .00839
19 .01101 .01070 .01040 .01012 .00985 .00960 .00936 .00914 .00892 .00871
20 .01148 .01115 .01083 .01054 .01026 .00999 .00974 .00950 .00927 .00905
21 .01197 .01162 .01129 .01098 .01068 .01040 .01014 .00988 .00964 .00941
22 .01249 .01211 .01176 .01143 .01112 .01082 .01054 .01027 .01002 .00978
23 .01304 .01264 .01227 .01192 .01159 .01127 .01098 .01069 .01042 .01017
24 .01364 .01322 .01283 .01246 .01210 .01177 .01145 .01115 .01087 .01060
25 .01431 .01387 .01345 .01306 .01268 .01233 .01199 .01168 .01137 .01109
26 .01506 .01459 .01415 .01373 .01333 .01295 .01260 .01226 .01194 .01163
27 .01591 .01541 .01494 .01449 .01407 .01367 .01329 .01293 .01259 .01226
28 .01684 .01631 .01580 .01533 .01488 .01445 .01405 .01367 .01330 .01296
29 .01785 .01728 .01675 .01624 .01577 .01531 .01488 .01447 .01408 .01372
30 .01893 .01833 .01776 .01723 .01672 .01623 .01578 .01534 .01493 .01453
31 .02010 .01946 .01885 .01828 .01773 .01722 .01673 .01627 .01582 .01540
32 .02134 .02066 .02002 .01940 .01883 .01828 .01776 .01726 .01679 .01634
33 .02270 .02197 .02128 .02063 .02002 .01943 .01887 .01835 .01784 .01736
34 .02415 .02338 .02265 .02195 .02130 .02067 .02008 .01951 .01897 .01846
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
35 .02574 .02492 .02414 .02340 .02270 .02203 .02140 .02080 .02022 .01967
36 .02746 .02658 .02575 .02496 .02422 .02350 .02283 .02218 .02157 .02098
37 .02932 .02838 .02750 .02666 .02586 .02510 .02438 .02369 .02303 .02241
38 .03135 .03035 .02941 .02851 .02766 .02685 .02608 .02534 .02464 .02397
39 .03355 .03249 .03149 .03053 .02962 .02876 .02793 .02715 .02640 .02568
40 .03596 .03484 .03377 .03275 .03178 .03086 .02998 .02914 .02833 .02757
41 .03861 .03742 .03628 .03520 .03416 .03318 .03224 .03134 .03048 .02966
42 .04152 .04025 .03903 .03788 .03678 .03573 .03473 .03377 .03285 .03198
43 .04468 .04333 .04205 .04082 .03965 .03853 .03746 .03644 .03546 .03453
44 .04813 .04670 .04533 .04403 .04278 .04159 .04045 .03936 .03832 .03732
45 .05183 .05032 .04887 .04748 .04616 .04489 .04368 .04252 .04141 .04034
46 .05582 .05421 .05267 .05121 .04980 .04846 .04717 .04593 .04475 .04362
47 .06006 .05836 .05673 .05518 .05369 .05226 .05089 .04958 .04832 .04711
48 .06459 .06279 .06107 .05943 .05785 .05634 .05488 .05349 .05216 .05087
49 .06942 .06752 .06571 .06397 .06230 .06070 .05916 .05768 .05626 .05490
50 .07459 .07259 .07068 .06884 .06708 .06538 .06376 .06219 .06069 .05924
51 .08012 .07801 .07599 .07406 .07220 .07041 .06869 .06703 .06544 .06391
52 .08596 .08375 .08163 .07959 .07763 .07574 .07392 .07218 .07049 .06887
53 .09214 .08982 .08759 .08544 .08338 .08139 .07948 .07763 .07586 .07415
54 .09867 .09623 .09389 .09164 .08946 .08737 .08536 .08342 .08154 .07974
55 .10556 .10301 .10055 .09819 .09591 .09371 .09159 .08955 .08757 .08567
56 .11283 .11016 .10759 .10511 .10272 .10042 .09819 .09605 .09397 .09197
57 .12050 .11771 .11502 .11243 .10993 .10751 .10518 .10293 .10075 .09864
58 .12852 .12562 .12281 .12011 .11749 .11496 .11252 .11016 .10787 .10567
59 .13687 .13385 .13092 .12810 .12537 .12273 .12017 .11770 .11531 .11299
60 .14554 .14240 .13935 .13641 .13356 .13080 .12813 .12555 .12305 .12063
61 .15457 .15130 .14813 .14507 .14210 .13923 .13644 .13375 .13113 .12860
62 .16402 .16063 .15734 .15415 .15107 .14808 .14518 .14237 .13964 .13699
63 .17393 .17042 .16700 .16370 .16049 .15738 .15437 .15144 .14860 .14584
64 .18429 .18065 .17712 .17369 .17036 .16714 .16400 .16096 .15800 .15513
65 .19511 .19135 .18769 .18415 .18070 .17735 .17410 .17094 .16787 .16488
66 .20645 .20257 .19880 .19513 .19157 .18810 .18473 .18146 .17827 .17517
67 .21841 .21441 .21052 .20673 .20305 .19947 .19599 .19259 .18929 .18608
68 .23096 .22685 .22284 .21895 .21515 .21146 .20786 .20436 .20094 .19762
69 .24409 .23987 .23575 .23175 .22784 .22404 .22033 .21672 .21320 .20976
70 .25772 .25339 .24918 .24507 .24106 .23715 .23333 .22961 .22598 .22244
TABLE U(1)
BASED ON LIFE TABLE 90CM
UNITRUST SINGLE LIFE REMAINDER FACTORS
APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999
ADJUSTED PAYOUT RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
71 .27178 .26735 .26304 .25882 .25471 .25070 .24679 .24296 .23923 .23559
72 .28622 .28170 .27729 .27298 .26877 .26467 .26065 .25673 .25290 .24915
73 .30100 .29639 .29189 .28749 .28320 .27899 .27489 .27087 .26694 .26310
74 .31621 .31152 .30694 .30246 .29807 .29378 .28959 .28548 .28146 .27753
75 .33195 .32719 .32253 .31797 .31351 .30914 .30486 .30067 .29657 .29255
76 .34832 .34350 .33877 .33415 .32961 .32517 .32082 .31656 .31238 .30828
77 .36535 .36047 .35570 .35101 .34642 .34192 .33750 .33317 .32892 .32475
78 .38302 .37811 .37329 .36856 .36392 .35937 .35490 .35051 .34621 .34198
79 .40124 .39630 .39145 .38669 .38201 .37742 .37291 .36848 .36413 .35985
80 .41980 .41485 .40998 .40520 .40050 .39588 .39134 .38688 .38249 .37818
81 .43854 .43358 .42871 .42392 .41921 .41457 .41001 .40553 .40112 .39678
82 .45733 .45238 .44752 .44273 .43802 .43338 .42881 .42431 .41989 .41553
83 .47616 .47123 .46638 .46161 .45690 .45227 .44770 .44320 .43877 .43441
84 .49519 .49030 .48548 .48073 .47604 .47143 .46688 .46239 .45797 .45361
85 .51458 .50974 .50496 .50025 .49560 .49102 .48650 .48204 .47763 .47329
86 .53413 .52935 .52463 .51998 .51538 .51084 .50636 .50194 .49758 .49327
87 .55351 .54881 .54416 .53957 .53503 .53055 .52613 .52176 .51744 .51317
88 .57268 .56806 .56349 .55898 .55451 .55010 .54574 .54144 .53718 .53296
89 .59162 .58710 .58262 .57819 .57382 .56949 .56520 .56097 .55678 .55263
90 .61030 .60588 .60151 .59718 .59290 .58866 .58447 .58032 .57621 .57214
91 .62834 .62403 .61977 .61554 .61136 .60722 .60312 .59907 .59505 .59107
92 .64527 .64107 .63692 .63280 .62872 .62468 .62068 .61672 .61279 .60890
93 .66107 .65699 .65294 .64893 .64495 .64101 .63711 .63323 .62940 .62559
94 .67597 .67200 .66806 .66415 .66027 .65643 .65262 .64884 .64509 .64138
95 .69031 .68645 .68262 .67881 .67504 .67130 .66759 .66390 .66025 .65662
96 .70396 .70021 .69648 .69279 .68912 .68548 .68186 .67828 .67471 .67118
97 .71670 .71305 .70943 .70584 .70227 .69872 .69520 .69171 .68824 .68480
98 .72875 .72521 .72169 .71819 .71472 .71127 .70784 .70444 .70106 .69770
99 .74065 .73721 .73379 .73040 .72703 .72368 .72035 .71704 .71375 .71048
100 .75234 .74901 .74570 .74241 .73914 .73589 .73265 .72944 .72625 .72307
101 .76399 .76077 .75757 .75438 .75122 .74807 .74494 .74183 .73873 .73565
102 .77552 .77241 .76932 .76625 .76319 .76015 .75712 .75411 .75111 .74813
103 .78703 .78404 .78106 .77809 .77514 .77221 .76929 .76638 .76348 .76060
104 .79948 .79662 .79377 .79093 .78810 .78528 .78248 .77969 .77691 .77414
105 .81159 .80885 .80612 .80340 .80069 .79799 .79530 .79262 .78995 .78729
106 .82763 .82506 .82250 .81995 .81741 .81488 .81235 .80983 .80732 .80482
107 .84749 .84516 .84283 .84051 .83819 .83587 .83356 .83126 .82896 .82666
108 .87999 .87808 .87618 .87428 .87238 .87049 .86859 .86670 .86481 .86293
109 .93900 .93800 .93700 .93600 .93500 .93400 .93300 .93200 .93100 .93000
(f) Effective dates. This section applies after April 30, 1999.
Par. 10. The undesignated center heading immediately preceding
�1.664-4A is revised to read as follows:
Unitrust Actuarial Tables Applicable Before May 1, 1999 Par. 11.
Section 1.664-4A is amended as follows:
1. The section heading is revised.
2. In paragraph (d)(4), the first sentence is revised.
3. In paragraph (d)(6), the introductory text is revised and Table D
is removed.
4. The heading of newly designated paragraph (e) is revised.
5. In newly designated paragraph (e)(1), the first sentence is
revised.
6. Newly designated paragraphs (e)(3) through (e)(5) are revised.
7. In newly designated paragraph (e)(6), the heading and the first
sentence of the introductory text are revised and the last sentence
of introductory text is removed and two new sentences are added in
its place.
8. The heading of Table U(1) is revised.
The addition and revisions read as follows:
�1.664-4A Valuation of charitable remainder interests for which the
valuation date is before May 1, 1999.
* * * * *
(d) * * *
(4) Period is a term of years. If the period described in
�1.664-3(a)(5) is a term of years, the factor which is used in
determining the present value of the remainder interest is the
factor under the appropriate adjusted payout rate in Table D in
�1.664- 4(e)(6) that corresponds to the number of years in the term.
* * *
* * * * *
(6) Actuarial tables for transfers for which the valuation date is
after November 30, 1983, and before May 1, 1989. Table D in
�1.664-4(e)(6) and the following tables shall be used in the
application of the provisions of this section:
* * * * *
(e) Valuation of charitable remainder unitrusts having certain
payout sequences for transfers for which the valuation date is after
April 30, 1989, and before May 1, 1999--(1) In general. Except as
otherwise provided in paragraph (e)(2) of this section, in the case
of transfers for which the valuation date is after April 30, 1989,
and before May 1, 1999, the present value of a remainder interest is
determined under paragraphs (e)(3) through (e)(6) of this section,
provided that the amount of the payout as of any payout date during
any taxable year of the trust is not larger than the amount that the
trust could distribute on such date under �1.664-3(a)(1)(v) if the
taxable year of the trust were to end on such date. * * *
* * * * *
(3) Adjusted payout rate. For transfers for which the valuation date
is after April 30, 1989, and before May 1, 1999, the adjusted payout
rate is determined by using the appropriate Table F, contained in �
1.664-4(e)(6), for the section 7520 interest rate applicable to the
transfer. If the interest rate is between 4.2 and 14 percent, see
�1.664-4(e)(6). If the interest rate is below 4.2 percent or greater
than 14 percent, see �1.664-4(b). See �1.664-4(e) for rules
applicable in determining the adjusted payout rate.
(4) Period is a term of years. If the period described in
�1.664-3(a)(5) is a term of years, the factor that is used in
determining the present value of the remainder interest for
transfers for which the valuation date is after April 30, 1989, and
before May 1, 1999, is the factor under the appropriate adjusted
payout rate in Table D in �1.664- 4(e)(6) corresponding to the
number of years in the term. If the adjusted payout rate is an
amount that is between adjusted payout rates for which factors are
provided in Table D, a linear interpolation must be made. The
present value of the remainder interest is determined by multiplying
the net fair market value (as of the appropriate valuation date) of
the property placed in trust by the factor determined under this
paragraph. Generally, for purposes of this section, the valuation
date is, in the case of an inter vivos transfer, the date on which
the property is transferred to the trust by the donor, and, in the
case of a testamentary transfer under sections 2055, 2106, or 2624,
the valuation date is the date of death. See �1.664-4T(e)(4) for
additional rules regarding the valuation date. See �1.664-4T(e)(4)
for an example that illustrates the application of this paragraph
(e)(4).
(5) Period is the life of one individual. If the period described in
�1.664-3(a)(5) is the life of one individual, the factor that is
used in determining the present value of the remainder interest for
transfers for which the valuation date is after April 30, 1989, and
before May 1, 1999, is the factor in Table U(1) in paragraph (e)(6)
of this section under the appropriate adjusted payout. For purposes
of the computations described in.61 this paragraph (e)(5), the age
of an individual is the age of that individual at the individual's
nearest birthday. If the adjusted payout rate is an amount that is
between adjusted payout rates for which factors are provided in the
appropriate table, a linear interpolation must be made. The rules
provided in �1.664-4T(e)(5) apply for determining the present value
of the remainder interest. See �1.664-4T(e)(5) for an example
illustrating the application of this paragraph (e)(5)(using current
actuarial tables).
(6) Actuarial tables for transfers for which the valuation date is
after April 30, 1989, and before May 1, 1999. For transfers for
which the valuation date is after April 30, 1989, and before May 1,
1999, the present value of a charitable remainder unitrust interest
that is dependent on a term of years or the termination of a life
interest is determined by using the section 7520 rate and Table D,
Tables F(4.2) through F(14.0) in �1.664-4(e)(6) and Table U(1) of
this paragraph (e)(6), as applicable. * * * Publication 1458 is no
longer available for purchase from the Superintendent of Documents,
United States Government Printing Office, Washington, DC 20402.
However, pertinent factors in this publication may be obtained by a
written request to:
CC:DOM:CORP:R (IRS Publication 1458), room 5226, Internal Revenue
Service, POB 7604, Ben Franklin Station, Washington, DC 20044.
Table U(1).-- Unitrust Single Life Remainder Factors - Based on Life
Table 80CNSMT [Applicable for Transfers After April 30, 1989, and
Before May 1, 1999]
* * * * *
Par. 12. Section 1.7520-1 is amended by:
1. Revising the last two sentences of paragraph (b)(2).
2. Revising the headings for paragraphs (c)(1) and (c)(2).
3. Revising the introductory text of paragraph (c)(2).
4. Removing the first two sentences of paragraph (c)(2)(iii) and
adding one sentence in their place.
5. Revising paragraph (d).
The revisions and addition read as follows:
�1.7520-1 Valuation of annuities, unitrust interests, interests for
life or terms of years, and remainder or reversionary interests.
* * * * *
(b) * * *
(2) * * * For transactions with valuation dates after April 30,
1989, and before May 1, 1999, the mortality component table
(80CNSMT) is contained in �20.2031- 7A(e)(4) of this chapter. See
�20.2031-7A(a) through (d) of this chapter for mortality component
tables applicable to transactions for which the valuation date falls
before May 1, 1989.
(c) * * *
(1) Regulations sections containing tables with interest rates
between 4.2 and 14 percent for valuation dates after April 30, 1989,
and before May 1, 1999. * * * (2) Internal Revenue Service
publications containing tables with interest rates between 2.2 and
26 percent for valuation dates after April 30, 1989, and before May
1, 1999. The following publications are no longer available for
purchase from the Superintendent of Documents, however, they may be
obtained from CC:DOM:CORP:R, room 5226, Internal Revenue Service,
POB 7604, Ben Franklin Station, Washington, DC 20044:
* * * * *
(iii) Internal Revenue Service Publication 1459, "Actuarial Values,
Gamma Volume," (8-89). * * *
(d) Effective date. This section applies after April 30, 1989, and
before May 1, 1999.
Par. 13. Section 1.7520-1T is added to read as follows:
�1.7520-1T Valuation of annuities, unitrust interests, interests for
life or terms of years, and remainder or reversionary interests
(temporary).
(a) through (b)(1) [Reserved] For further guidance, see �1.7520-1(a)
through (b)(1).
(2) Mortality component. The mortality component reflects the
mortality data most recently available from the United States
census. As new mortality data becomes available after each decennial
census, the mortality component described in this section will be
revised periodically and the revised mortality component tables will
be published in the regulations at that time. For transactions with
valuation dates after April 30, 1999, the mortality component table
(Table 90CM) is contained in �20.2031- 7T(d)(7) of this chapter. See
�20.2031-7A of this chapter for mortality component tables
applicable to transactions for which the valuation date falls before
May 1, 1999.
(c) [Reserved]. For further guidance, see �1.7520-1(c).
(1) Regulation sections containing tables with interest rates
between 4.2 and 14 percent for valuation dates after April 30, 1999.
Section 1.642(c)-6T(e)(6) contains Table S used for determining the
present value of a single life remainder interest in a pooled income
fund as defined in �1.642(c)-5. See �1.642(c)-6A for actuarial
factors for one life applicable to valuation dates before May 1,
1999. Section 1.664-4(e)(6) contains Table F (payout factors) and
Table D (actuarial factors used in determining the present value of
a remainder interest postponed for a term of years). Section1.664-
4T(e)(7) contains Table U(1) (actuarial factors for one life). These
tables are used in determining the present value of a remainder
interest in a charitable remainder unitrust as defined in �1.664-3.
See �1.664-4A for actuarial factors for one life applicable to
valuation dates before May 1, 1999. Section 20.2031-7(d)(6) of this
chapter contains Table B (actuarial factors used in determining the
present value of an interest for a term of years), Table K (annuity
end-of-interval adjustment factors), and Table J (term certain
annuity beginning-of-interval adjustment factors). Section
20.2031-7T(d)(7) of this chapter contains Table S (actuarial factors
for one life), and Table 90CM (mortality components). These tables
are used in determining the present value of annuities, life
estates, remainders, and reversions. See �20.2031-7A of this chapter
for actuarial factors for one life and mortality components
applicable to valuation dates before May 1, 1999.
(2) Internal Revenue Service publications containing tables with
interest rates between 2.2 and 26 percent for valuation dates after
April 30, 1999. The following documents are available for purchase
from the Superintendent of Documents, United States Government
Printing Office, Washington, DC 20402:
(i) Internal Revenue Service Publication 1457, "Actuarial Values,
Book Aleph," (1999). This publication includes tables of valuation
factors, as well as examples that show how to compute other
valuation factors, for determining the present value of annuities,
life estates, terms of years, remainders, and reversions, measured
by one or two lives. These factors may also be used in the valuation
of interests in a charitable remainder annuity trust as defined in
�1.664-2 and a pooled income fund as defined in �1.642(c)-5.
(ii) Internal Revenue Service Publication 1458, "Actuarial Values,
Book Beth," (1999). This publication includes term certain tables
and tables of one and two life valuation factors for determining the
present value of remainder interests in a charitable remainder
unitrust as defined in �1.664-3.
(iii) Internal Revenue Service Publication 1459, "Actuarial Values,
Book Gimel," (1999). This publication includes tables for computing
deprecation adjustment factors.
See �1.170A-12T.
(d) Effective date. This section applies after April 30, 1999.
PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16,
1954 Par. 14. The authority citation for part 20 is amended by
adding entries in numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * * Section 20.2031-7T also issued under
26 U.S.C. 7520(c)(2). * * *
Section 20.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *
Par. 15. Section 20.2031-0 is revised to read as follows:
�20.2031-0 Table of contents.
This section lists the section headings and undesignated center
headings that appear in the regulations under section 2031.
�20.2031-1 Definition of gross estate; valuation of property.
�20.2031-2 Valuation of stocks and bonds.
�20.2031-3 Valuation of interests in businesses.
�20.2031-4 Valuation of notes.
�20.2031-5 Valuation of cash on hand or on deposit.
�20.2031-6 Valuation of household and personal effects.
�20.2031-7 Valuation of annuities, interests for life or term of
years, and remainder or reversionary interests.
�20.2031-7T Valuation of annuities, interests for life or term of
years, and remainder or reversionary interests (temporary).
�20.2031-8 Valuation of certain life insurance and annuity
contracts; valuation of shares in an open-end investment company.
�20.2031-9 Valuation of other property.
Actuarial Tables Applicable Before May 1, 1999 �20.2031-7A Valuation
of annuities, interests for life or term of years, and remainder or
reversionary interests for estates of decedents for which the
valuation date of the gross estate is before May 1, 1999.
Par. 16. The undesignated centerheading immediately following
�20.2046-1is revised to read as follows:
Actuarial Tables Applicable Before May 1, 1999 Par. 17. Section
20.2031-7A is amended by:
1. Revising the section heading.
2. Adding paragraph (e).
The revision and addition read as follows:
�20.2031-7A Valuation of annuities, interests for life or term of
years, and remainder or reversionary interests for estates of
decedents for which the valuation date of the gross estate is before
May 1, 1999.
* * * * *
(e) Valuation of annuities, interests for life or term of years, and
remainder or reversionary interests for estates of decedents for
which the valuation date of the gross estate is after April 30,1989,
and before May 1, 1999--(1) In general. Except as otherwise provided
in �20.2031-7(b) and �20.7520-3(b) (pertaining to certain
limitations on the use of prescribed tables), if the valuation date
for the gross estate of the decedent is after April 30, 1989, and
before May 1, 1999, the fair market value of annuities, life
estates, terms of years, remainders, and reversionary interests is
the present value of the interests determined by use of standard or
special section 7520 actuarial factors and the valuation methodology
described in �20.2031-7T(d). These factors are derived by using the
appropriate section 7520 interest rate and, if applicable, the
mortality component for the valuation date of the interest that is
being valued. See ��20.7520-1 through 20.7520-4. See paragraph (e)
(4) of this section for determination of the appropriate table for
use in valuing these interests.
(2) Transitional rule. (i) If the valuation date is after April 30,
1989, and before June 10, 1994, a taxpayer can rely on Notice 89-24
(1989-1 C.B. 660), or Notice 89-60 (1989-1 C.B. 700 ). See
�601.601(d)(2)(ii)(b) of this chapter..68 (ii) If a decedent dies
after April 30, 1989, and if on May 1, 1989, the decedent was
mentally incompetent so that the disposition of the decedent's
property could not be changed, and the decedent dies without having
regained competency to dispose of the decedent's property or dies
within 90 days of the date on which the decedent first regains
competency, the fair market value of annuities, life estates, terms
for years, remainders, and reversions included in the gross estate
of the decedent is their present value determined either under this
section or under the corresponding section applicable at the time
the decedent became mentally incompetent, at the option of the
decedent's executor. For example, see paragraph (d) of this section.
(3) Publications and actuarial computations by the Internal Revenue
Service.
Many standard actuarial factors not included in paragraph (e)(4) of
this section or in �20.2031-7(d)(6) are included in Internal Revenue
Service Publication 1457, "Actuarial Values, Alpha Volume," (8-89).
Publication 1457 also includes examples that illustrate how to
compute many special factors for more unusual situations.
Publication 1457 is no longer available for purchase from the
Superintendent of Documents, United States Government Printing
Office, Washington, DC 20402. However, pertinent factors in this
publication may be obtained from: CC:DOM:CORP:R (IRS Publication
1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin
Station, Washington, DC 20044. If a special factor is required in
the case of an actual decedent, the Internal Revenue Service may
furnish the factor to the executor upon a request for a ruling.
The request for a ruling must be accompanied by a recitation of the
facts including a statement of the date of birth for each measuring
life, the date of the decedent's death, any other applicable dates,
and a copy of the will, trust, or other relevant documents. A
request for a ruling must comply with the instructions for
requesting a ruling published periodically in the Internal Revenue
Bulletin (see ��601.201 and 601.601(d)(2)(ii)(b) of this chapter)
and include payment of the required user fee.
(4) Actuarial tables. Except as provided in �20.7520-3(b)
(pertaining to certain limitations on the use of prescribed tables),
Life Table 80CNSMT and Table S (Single life remainder factors
applicable where the valuation date is after April 30, 1989, and
before May 1, 1999), contained in this paragraph (b)(4), and Table
B, Table J, and Table K set forth in �20.2031-7(d)(6) must be used
in the application of the provisions of this section when the
section 7520 interest rate component is between 4.2 and 14 percent.
Table S and Table 80CNSMT are as follows:
Par. 17a. Section 20.2031-7A is further amended by redesignating
Table S and Table 80CNSMT in �20.2031-7(d)(6) as Table S and Table
80CNSMT in �20.2031- 7A(e)(4) and revising the table headings to
read as follows:
* * * * *
(e) * * *
(4) * * *
Table S.-Based on Life on Life Table 80CNSMT Single Life Remainder
Factors [Applicable After April 30, 1989, and Before May 1, 1999]
* * * * *
Table 80CNSMT.-Applicable After April 30, 1989, and Before May 1,
1999
* * * * *
Par. 18. Section 20.2031-7 is amended by:
1. Revising the section heading.
2. Revising paragraphs (c) through (d)(5).
3. Revising paragraph (d)(6) heading and introductory text.
4. Revising paragraph (e).
The revisions read as follows:
�20.2031-7 Valuation of annuities, interests for life or term of
years, and remainder or reversionary interests.
* * * * *
(c) through (d)(5) [Reserved]. For further guidance, see
�20.2031-7T(c) through (d)(5).
(d)(6) Actuarial Table B, Table J, and Table K where the valuation
date is after April 30, 1989. Except as provided in �20.7520-3(b)
(pertaining to certain limitations on prescribed tables), the tables
in this paragraph (d)(6) and either Table S and Table 80CNSMT in
�20.2031-7A(e)(4) (for valuation dates after April 30, 1989, and
before May 1, 1999), or Table S and Table 90CM in �20.2031-7T(d)(7)
(for valuation dates after May 1, 1999) must be used in the
application of the provisions of this section when the section 7520
interest rate component is between 4.2 and 14 percent.
* * * * *
(e) Effective date. This section applies after April 30, 1989, and
before May 1, 1999.
Par. 19. Section 20.2031-7T is added to read as follows:.71
�20.2031-7T Valuation of annuities, interests for life or term of
years, and remainder or reversionary interests (temporary).
(a) through (b) [Reserved]. For further information see
�20.2031-7(a) through (b).
(c) Actuarial valuations. The present value of annuities, life
estates, terms of years, remainders, and reversions for estates of
decedents for which the valuation date of the gross estate is after
April 30, 1999, is determined under paragraph (d) of this section.
The present value of annuities, life estates, terms of years,
remainders, and reversions for estates of decedents for which the
valuation date of the gross estate is before May 1, 1999, is
determined under the following sections:
Valuation Date Applicable
After Before Section
- 01-01-52 20.2031-7A(a)
12-31-51 01-01-71 20.2031-7A(b)
12-31-70 12-01-83 20.2031-7A(c)
11-30-83 05-01-89 20.2031-7A(d)
04-30-89 05-01-99 20.2031-7A(e)
(d) Actuarial valuations after April 30, 1999--(1) In general.
Except as otherwise provided in paragraph (b) of this section and
�20.7520-3(b) (pertaining to certain limitations on the use of
prescribed tables), if the valuation date for the gross estate of
the decedent is after April 30, 1999, the fair market value of
annuities, life estates, terms of years, remainders, and
reversionary interests is the present value determined by use of
standard or special section 7520 actuarial factors. These factors
are derived by using the appropriate section 7520 interest rate and,
if applicable, the mortality component for the valuation date of the
interest that is being valued. See ��20.7520-1 through 20.7520-4.
(2) Specific interests--(i) Charitable remainder trusts. The fair
market value of a remainder interest in a pooled income fund, as
defined in �1.642(c)-5 of this chapter, is its value determined
under �1.642(c)-6T(e) of this chapter. The fair market value of a
remainder interest in a charitable remainder annuity trust, as
defined in �1.664-2(a) of this chapter, is the present value
determined under �1.664-2(c) of this chapter. The fair market value
of a remainder interest in a charitable remainder unitrust, as
defined in �1.664-3 of this chapter, is its present value determined
under �1.664-4T(e) of this chapter. The fair market value of a life
interest or term of years in a charitable remainder unitrust is the
fair market value of the property as of the date of valuation less
the fair market value of the remainder interest on that date
determined under �1.664-4T(e)(4) and (5) of this chapter.
(ii) Ordinary remainder and reversionary interests. If the interest
to be valued is to take effect after a definite number of years or
after the death of one individual, the present value of the interest
is computed by multiplying the value of the property by the
appropriate remainder interest actuarial factor (that corresponds to
the applicable section 7520 interest rate and remainder interest
period) in Table B (for a term certain) or the appropriate Table S
(for one measuring life), as the case may be. Table B is contained
in �20.2031-7(d)(6) and Table S (for one measuring life when the
valuation date is after April 30, 1999) is contained in paragraph
(d)(7) of this section and in Internal Revenue Service Publication
1457. For information about obtaining actuarial factors for other
types of remainder interests, see paragraph (d)(4) of this section.
(iii) Ordinary term-of-years and life interests. If the interest to
be valued is the right of a person to receive the income of certain
property, or to use certain nonincome-producing property, for a term
of years or for the life of one individual, the present value of the
interest is computed by multiplying the value of the property by the
appropriate term-of-years or life interest actuarial factor (that
corresponds to the applicable section 7520 interest rate and term-
of-years or life interest period). Internal Revenue Service
Publication 1457 includes actuarial factors for an interest for a
term of years in Table B and for the life of one individual in Table
S (for one measuring life when the valuation date is after April 30,
1999). However, term-of-years and life interest actuarial factors
are not included in Table B in �20.2031-7(d)(6) or Table S in
paragraph (d)(7) of this section. If Internal Revenue Service
Publication 1457 (or any other reliable source of term-of-years and
life interest actuarial factors) is not conveniently available, an
actuarial factor for the interest may be derived mathematically.
This actuarial factor may be derived by subtracting the correlative
remainder factor (that corresponds to the applicable section 7520
interest rate and the term of years or the life) in Table B (for a
term of years) in �20.2031-7(d)(6) or in Table S (for the life of
one individual) in paragraph (d)(7) of this section, as the case may
be, from 1.000000. For information about obtaining actuarial factors
for other types of term-of-years and life interests, see paragraph
(d)(4) of this section.
(iv) Annuities. (A) If the interest to be valued is the right of a
person to receive an annuity that is payable at the end of each year
for a term of years or for the life of one individual, the present
value of the interest is computed by multiplying the aggregate
amount payable annually by the appropriate annuity actuarial factor
(that corresponds to the applicable section 7520 interest rate and
annuity period). Internal Revenue Publication 1457 includes
actuarial factors in Table B (for an annuity payable for a term of
years) and in Table S (for an annuity payable for the life of one
individual when the valuation date is after April 30, 1999).
However, annuity actuarial factors are not included in Table B in
�20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section. If
Internal Revenue Service Publication 1457 (or any other reliable
source of annuity actuarial factors) is not conveniently available,
a required annuity factor for a term of years or for one life may be
mathematically derived. This annuity factor may be derived by
subtracting the applicable remainder factor (that corresponds to the
applicable section 7520 interest rate and annuity period) in Table B
(in the case of a term-of-years annuity) in �20.2031-7(d)(6) or in
Table S (in the case of a one-life annuity when the valuation date
is after April 30, 1999) in paragraph (d)(7) of this section, as the
case may be, from 1.000000 and then dividing the result by the
applicable section 7520 interest rate expressed as a decimal number.
(B) If the annuity is payable at the end of semiannual, quarterly,
monthly, or weekly periods, the product obtained by multiplying the
annuity factor by the aggregate amount payable annually is then
multiplied by the applicable adjustment factor as contained in Table
K in �20.2031-7(d)(6) for payments made at the end of the specified
periods. The provisions of this paragraph (d)(2)(iv)(B) are
illustrated by the following example:
Example. At the time of the decedent's death, the
survivor/annuitant, age 72, is entitled to receive an annuity of
$15,000 a year for life payable in equal monthly installments at the
end of each period. The section 7520 rate for the month in which the
decedent died is 9.6 percent. Under Table S in paragraph (d)(7) of
this section, the remainder factor at 9.6 percent for an individual
aged 72 is .38438. By converting the remainder factor to an annuity
factor, as described above, the annuity factor at 9.6 percent for an
individual aged 72 is 6.4127 (1.00000 minus .38438, divided by
.096).
Under Table K in �20.2031-7(d)(6), the adjustment factor under the
column for payments made at the end of each monthly period at the
rate of 9.6 percent is 1.0433.
The aggregate annual amount, $15,000, is multiplied by the factor
6.4127 and the product multiplied by 1.0433. The present value of
the annuity at the date of the decedent's death is, therefore,
$100,355.55 ($15,000 x 6.4127 x 1.0433).
(C) If an annuity is payable at the beginning of annual, semiannual,
quarterly, monthly, or weekly periods for a term of years, the value
of the annuity is computed by multiplying the aggregate amount
payable annually by the annuity factor described in paragraph (d)(2)
(iv)(A) of this section; and the product so obtained is then
multiplied by the adjustment factor in Table J in �20.2031-7(d)(6)
at the appropriate interest rate component for payments made at the
beginning of specified periods. If an annuity is payable at the
beginning of annual, semiannual, quarterly, monthly, or weekly
periods for one or more lives, the value of the annuity is the sum
of the first payment plus the present value of a similar annuity,
the first payment of which is not to be made until the end of the
payment period, determined as provided in this paragraph (d)(2)(iv).
(v) Annuity and unitrust interests for a term of years or until the
prior death of an individual. See �25.2512-5T(d)(2)(v) of this
chapter for examples explaining how to compute the present value of
an annuity or unitrust interest that is payable until the earlier of
the lapse of a specific number of years or the death of an
individual.
(3) Transitional rule. (i) If a decedent dies after April 30, 1999,
and if on May 1, 1999, the decedent was mentally incompetent so that
the disposition of the decedent's property could not be changed, and
the decedent dies without having regained competency to dispose of
the decedent's property or dies within 90 days of the date on which
the decedent first regains competency, the fair market value of
annuities, life estates, terms for years, remainders, and reversions
included in the gross estate of the decedent is their present value
determined either under this section or under the corresponding
section applicable at the time the decedent became mentally
incompetent, at the option of the decedent's executor. For example,
see �20.2031- 7A(e)(2).
(ii) If a decedent dies after April 30, 1999, and before July 1,
1999, the fair market value of annuities, life estates, remainders,
and reversions based on one or more measuring lives included in the
gross estate of the decedent is their present value determined under
this section by use of the section 7520 interest rate for the month
in which the valuation date occurs (See ��20.7520-1(b) and
20.7520-2(a)(2)) and the appropriate actuarial tables under either
paragraph (d)(7) of this section or �20.2031- 7A(e)(4), at the
option of the decedent's executor.
(iii) For purposes of paragraphs (d)(3)(i) and (ii) of this section,
where the decedent's executor is given the option to use the
appropriate actuarial tables under either paragraph (d)(7) of this
section or �20.2031-7A(e)(4), the decedent's executor must use the
same actuarial table with respect to each individual transaction and
with respect to all transfers occurring on the valuation date (e.g.,
gift and income tax charitable deductions with respect to the same
transfer must be determined based on the same tables, and all assets
includible in the gross estate and/or estate tax deductions claimed
must be valued based on the same tables).
(4) Publications and actuarial computations by the Internal Revenue
Service.
Many standard actuarial factors not included in �20.2031-7(d)(6) or
in paragraph (d)(7) of this section are included in Internal Revenue
Service Publication 1457, "Actuarial Values, Book Aleph," (1999).
Publication 1457 also includes examples that illustrate how to
compute many special factors for more unusual situations. A copy of
this publication is available for purchase from the Superintendent
of Documents, United States Government Printing Office, Washington,
DC 20402. If a special factor is required in the case of an actual
decedent, the Internal Revenue Service may furnish the factor to the
executor upon a request for a ruling. The request for a ruling must
be accompanied by a recitation of the facts including a statement of
the date of birth for each measuring life, the date of the
decedent's death, any other applicable dates, and a copy of the
will, trust, or other relevant documents. A request for a ruling
must comply with the instructions for requesting a ruling published
periodically in the Internal Revenue Bulletin (see ��601.201 and
601.601(d)(2)(ii)(b) of this chapter) and include payment of the
required user fee.
(5) Examples. The provisions of this section are illustrated by the
following examples:
Example 1. Remainder payable at an individual's death. The decedent,
or the decedent's estate, was entitled to receive certain property
worth $50,000 upon the death of A, to whom the income was bequeathed
for life. At the time of the decedent's death, A was 47 years 5
months old. In the month in which the decedent died, the section
7520 rate was 9.8 percent. Under Table S in paragraph (d)(7) of this
section, the remainder factor at 9.8 percent for determining the
present value of the remainder interest due at the death of a person
aged 47, the number of years nearest A's actual age at the
decedent's death, is .10317. The present value of the remainder
interest at the date of the decedent's death is, therefore,
$5,158.50 ($50,000 X .10317).
Example 2. Income payable for an individual's life. A's parent
bequeathed an income interest in property to A for life, with the
remainder interest passing to B at A's death. At the time of the
parent's death, the value of the property was $50,000 and A was 30
years 10 months old. The section 7520 rate at the time of the
parent's death was 10.2 percent. Under Table S in paragraph (d)(7)
of this section, the remainder factor at 10.2 percent for
determining the present value of the remainder interest due at the
death of a person aged 31, the number of years closest to A's age at
the decedent's death, is .03583. Converting this remainder factor to
an income factor, as described in paragraph (d)(2)(iii) of this
section, the factor for determining the present value of an income
interest for the life of a person aged 31 is .96417. The present
value of A's interest at the time of the parent's death is,
therefore, $48,208.50 ($50,000 X .96417).
Example 3. Annuity payable for an individual's life. A purchased an
annuity for the benefit of both A and B. Under the terms of the
annuity contract, at A's death, a survivor annuity of $10,000 a year
payable in equal semiannual installments made at the end of each
interval is payable to B for life. At A's death, B was 45 years 7
months old. Also, at A's death, the section 7520 rate was 9.6
percent. Under Table S in paragraph (d)(7) of this section, the
factor at 9.6 percent for determining the present value of the
remainder interest at the death of a person age 46 (the number of
years nearest B's actual age) is .10013. By converting the factor to
an annuity factor, as described in paragraph (d)(2)(iv)(A) of this
section, the factor for the present value of an annuity payable
until the death of a person age 46 is 9.3736 (1.00000 minus .10013,
divided by .096). The adjustment factor from Table K in
�20.2031-7(d)(6) at an interest rate of 9.6 percent for semiannual
annuity payments made at the end of the period is 1.0235. The
present value of the annuity at the date of A's death is, therefore,
$95,938.80 ($10,000 X 9.3736 X 1.0235).
Example 4. Annuity payable for a term of years. The decedent, or the
decedent's estate, was entitled to receive an annuity of $10,000 a
year payable in equal quarterly installments at the end of each
quarter throughout a term certain. At the time of the decedent's
death, the section 7520 rate was 9.8 percent. A quarterly payment
had just been made prior to the decedent's death and payments were
to continue for 5 more years. Under Table B in �20.2031-7(d)(6) for
the interest rate of 9.8 percent, the factor for the present value
of a remainder interest due after a term of 5 years is .626597.
Converting the factor to an annuity factor, as described in
paragraph (d)(2)(iv)(A) of this section, the factor for the present
value of an annuity for a term of 5 years is 3.8102. The adjustment
factor from Table K in �20.2031-7(d)(6) at an interest rate of 9.8
percent for quarterly annuity payments made at the end of the period
is.79 1.0360. The present value of the annuity is, therefore,
$39,473.67 ($10,000 X 3.8102 X 1.0360).
(6) [Reserved]. For further guidance, see �20.2031-7(d)(6).
(7) Actuarial Table S and Table 90CM where the valuation date is
after April 30, 1999. Except as provided in �20.7520-2(b)
(pertaining to certain limitations on the use of prescribed tables),
the following Table 90CM and Table S (single life remainder factors
applicable where the valuation date is after April 30, 1999) and
Table B, Table J, and Table K contained in �20.2031-7(d)(6), must be
used in the application of the provisions of this section when the
section 7520 interest rate component is between 4.2 and 14 percent.
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
0 .06752 .06130 .05586 .05109 .04691 .04322 .03998 .03711 .03458 .03233
1 .06137 .05495 .04932 .04438 .04003 .03620 .03283 .02985 .02721 .02487
2 .06325 .05667 .05088 .04580 .04132 .03737 .03388 .03079 .02806 .02563
3 .06545 .05869 .05275 .04752 .04291 .03883 .03523 .03203 .02920 .02668
4 .06784 .06092 .05482 .04944 .04469 .04048 .03676 .03346 .03052 .02791
5 .07040 .06331 .05705 .05152 .04662 .04229 .03845 .03503 .03199 .02928
6 .07310 .06583 .05941 .05372 .04869 .04422 .04025 .03672 .03357 .03076
7 .07594 .06849 .06191 .05607 .05089 .04628 .04219 .03854 .03528 .03236
8 .07891 .07129 .06453 .05853 .05321 .04846 .04424 .04046 .03709 .03407
9 .08203 .07423 .06731 .06115 .05567 .05079 .04643 .04253 .03904 .03592
10 .08532 .07734 .07024 .06392 .05829 .05326 .04877 .04474 .04114 .03790
11 .08875 .08059 .07331 .06683 .06104 .05587 .05124 .04709 .04336 .04002
12 .09233 .08398 .07653 .06989 .06394 .05862 .05385 .04957 .04572 .04226
13 .09601 .08748 .07985 .07304 .06693 .06146 .05655 .05214 .04816 .04458
14 .09974 .09102 .08322 .07624 .06997 .06435 .05929 .05474 .05064 .04694
15 .10350 .09460 .08661 .07946 .07303 .06725 .06204 .05735 .05312 .04930
16 .10728 .09818 .09001 .08268 .07608 .07014 .06479 .05996 .05559 .05164
17 .11108 .10179 .09344 .08592 .07916 .07306 .06755 .06257 .05807 .05399
18 .11494 .10545 .09691 .08921 .08227 .07601 .07034 .06521 .06057 .05636
19 .11889 .10921 .10047 .09259 .08548 .07904 .07322 .06794 .06315 .05880
20 .12298 .11310 .10417 .09610 .08881 .08220 .07622 .07078 .06584 .06135
21 .12722 .11713 .10801 .09976 .09228 .08550 .07935 .07375 .06866 .06403
22 .13159 .12130 .11199 .10354 .09588 .08893 .08260 .07685 .07160 .06682
23 .13613 .12563 .11612 .10748 .09964 .09250 .08601 .08009 .07468 .06975
24 .14084 .13014 .12043 .11160 .10357 .09625 .08958 .08349 .07793 .07284
25 .14574 .13484 .12493 .11591 .10768 .10018 .09334 .08708 .08135 .07611
26 .15084 .13974 .12963 .12041 .11199 .10431 .09728 .09085 .08496 .07956
27 .15615 .14485 .13454 .12513 .11652 .10865 .10144 .09484 .08878 .08322
28 .16166 .15016 .13965 .13004 .12124 .11319 .10580 .09901 .09279 .08706
29 .16737 .15567 .14497 .13516 .12617 .11792 .11035 .10339 .09699 .09109
30 .17328 .16138 .15048 .14047 .13129 .12286 .11510 .10796 .10138 .09532
31 .17938 .16728 .15618 .14599 .13661 .12799 .12004 .11272 .10597 .09974
32 .18568 .17339 .16210 .15171 .14214 .13333 .12520 .11769 .11076 .10435
33 .19220 .17972 .16824 .15766 .14790 .13889 .13058 .12289 .11578 .10920
34 .19894 .18627 .17460 .16383 .15388 .14468 .13618 .12831 .12102 .11426
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
35 .20592 .19307 .18121 .17025 .16011 .15073 .14204 .13399 .12652 .11958
36 .21312 .20010 .18805 .17691 .16658 .15701 .14814 .13990 .13225 .12514
37 .22057 .20737 .19514 .18382 .17331 .16356 .15450 .14608 .13825 .13096
38 .22827 .21490 .20251 .19100 .18031 .17038 .16113 .15253 .14452 .13705
39 .23623 .22270 .21013 .19845 .18759 .17747 .16805 .15927 .15108 .14344
40 .24446 .23078 .21805 .20620 .19516 .18487 .17527 .16631 .15795 .15013
41 .25298 .23915 .22626 .21425 .20305 .19259 .18282 .17368 .16514 .15715
42 .26178 .24782 .23478 .22262 .21125 .20062 .19069 .18138 .17267 .16450
43 .27087 .25678 .24360 .23129 .21977 .20898 .19888 .18941 .18053 .17220
44 .28025 .26603 .25273 .24027 .22860 .21766 .20740 .19777 .18873 .18023
45 .28987 .27555 .26212 .24953 .23772 .22664 .21622 .20644 .19724 .18858
46 .29976 .28533 .27179 .25908 .24714 .23591 .22536 .21542 .20606 .19725
47 .30987 .29535 .28171 .26889 .25682 .24546 .23476 .22468 .21518 .20621
48 .32023 .30563 .29190 .27897 .26678 .25530 .24447 .23425 .22460 .21549
49 .33082 .31615 .30234 .28931 .27702 .26543 .25447 .24412 .23434 .22509
50 .34166 .32694 .31306 .29995 .28756 .27586 .26479 .25432 .24441 .23502
51 .35274 .33798 .32404 .31085 .29838 .28658 .27541 .26482 .25479 .24528
52 .36402 .34924 .33525 .32200 .30946 .29757 .28630 .27561 .26547 .25584
53 .37550 .36070 .34668 .33339 .32078 .30882 .29746 .28667 .27643 .26669
54 .38717 .37237 .35833 .34500 .33234 .32031 .30888 .29801 .28766 .27782
55 .39903 .38424 .37019 .35683 .34413 .33205 .32056 .30961 .29918 .28925
56 .41108 .39631 .38227 .36890 .35617 .34405 .33250 .32149 .31099 .30097
57 .42330 .40857 .39455 .38118 .36844 .35629 .34469 .33363 .32306 .31297
58 .43566 .42098 .40699 .39364 .38089 .36873 .35710 .34600 .33538 .32522
59 .44811 .43351 .41956 .40623 .39350 .38133 .36968 .35855 .34789 .33768
60 .46066 .44613 .43224 .41896 .40624 .39408 .38243 .37127 .36058 .35033
61 .47330 .45887 .44505 .43182 .41914 .40699 .39535 .38418 .37347 .36318
62 .48608 .47175 .45802 .44485 .43223 .42011 .40848 .39732 .38660 .37629
63 .49898 .48478 .47115 .45807 .44550 .43343 .42184 .41069 .39997 .38966
64 .51200 .49793 .48442 .47143 .45895 .44694 .43539 .42427 .41357 .40326
65 .52512 .51121 .49782 .48495 .47255 .46062 .44912 .43805 .42738 .41709
66 .53835 .52461 .51137 .49862 .48634 .47449 .46307 .45206 .44143 .43118
67 .55174 .53818 .52511 .51250 .50034 .48860 .47727 .46633 .45576 .44556
68 .56524 .55188 .53899 .52654 .51452 .50291 .49168 .48083 .47034 .46020
69 .57882 .56568 .55299 .54071 .52885 .51737 .50627 .49552 .48513 .47506
70 .59242 .57951 .56703 .55495 .54325 .53193 .52096 .51034 .50004 .49007
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
=======================================================================
71 .60598 .59332 .58106 .56918 .55767 .54651 .53569 .52520 .51503 .50516
72 .61948 .60707 .59504 .58338 .57206 .56108 .55043 .54009 .53004 .52029
73 .63287 .62073 .60895 .59751 .58640 .57561 .56513 .55495 .54505 .53543
74 .64621 .63435 .62282 .61162 .60073 .59015 .57985 .56984 .56009 .55061
75 .65953 .64796 .63671 .62575 .61510 .60473 .59463 .58480 .57523 .56591
76 .67287 .66160 .65063 .63995 .62954 .61940 .60952 .59989 .59050 .58135
77 .68622 .67526 .66459 .65419 .64404 .63415 .62450 .61509 .60590 .59694
78 .69954 .68892 .67856 .66845 .65858 .64895 .63955 .63036 .62140 .61264
79 .71278 .70250 .69246 .68265 .67308 .66372 .65457 .64563 .63690 .62836
80 .72581 .71588 .70618 .69668 .68740 .67833 .66945 .66077 .65227 .64396
81 .73857 .72899 .71962 .71045 .70147 .69268 .68408 .67566 .66741 .65933
82 .75101 .74178 .73274 .72389 .71522 .70672 .69840 .69024 .68225 .67441
83 .76311 .75423 .74553 .73700 .72864 .72044 .71240 .70451 .69678 .68919
84 .77497 .76645 .75809 .74988 .74183 .73393 .72618 .71857 .71110 .70377
85 .78665 .77848 .77047 .76260 .75487 .74728 .73982 .73250 .72530 .71823
86 .79805 .79025 .78258 .77504 .76764 .76036 .75320 .74617 .73925 .73245
87 .80904 .80159 .79427 .78706 .77998 .77301 .76615 .75940 .75277 .74624
88 .81962 .81251 .80552 .79865 .79188 .78521 .77865 .77220 .76584 .75958
89 .82978 .82302 .81636 .80980 .80335 .79699 .79072 .78455 .77847 .77248
90 .83952 .83309 .82676 .82052 .81437 .80831 .80234 .79645 .79064 .78492
91 .84870 .84260 .83658 .83064 .82479 .81902 .81332 .80771 .80217 .79671
92 .85716 .85136 .84563 .83998 .83441 .82891 .82348 .81812 .81283 .80761
93 .86494 .85942 .85396 .84858 .84326 .83801 .83283 .82771 .82266 .81767
94 .87216 .86690 .86170 .85657 .85149 .84648 .84153 .83664 .83181 .82704
95 .87898 .87397 .86902 .86412 .85928 .85450 .84977 .84510 .84049 .83592
96 .88537 .88060 .87587 .87121 .86659 .86203 .85751 .85305 .84864 .84427
97 .89127 .88672 .88221 .87775 .87335 .86898 .86467 .86040 .85618 .85200
98 .89680 .89245 .88815 .88389 .87968 .87551 .87138 .86730 .86326 .85926
99 .90217 .89803 .89393 .88987 .88585 .88187 .87793 .87402 .87016 .86633
100 .90738 .90344 .89953 .89567 .89183 .88804 .88428 .88056 .87687 .87322
101 .91250 .90876 .90504 .90137 .89772 .89412 .89054 .88699 .88348 .88000
102 .91751 .91396 .91045 .90696 .90350 .90007 .89668 .89331 .88997 .88666
103 .92247 .91912 .91579 .91249 .90922 .90598 .90276 .89957 .89640 .89326
104 .92775 .92460 .92148 .91839 .91532 .91227 .90924 .90624 .90326 .90031
105 .93290 .92996 .92704 .92415 .92127 .91841 .91558 .91276 .90997 .90719
106 .93948 .93680 .93415 .93151 .92889 .92628 .92370 .92113 .91857 .91604
107 .94739 .94504 .94271 .94039 .93808 .93579 .93351 .93124 .92899 .92675
108 .95950 .95767 .95585 .95404 .95224 .95045 .94867 .94689 .94512 .94336
109 .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
0 .03034 .02857 .02700 .02559 .02433 .02321 .02220 .02129 .02047 .01973
1 .02279 .02094 .01929 .01782 .01650 .01533 .01427 .01331 .01246 .01168
2 .02347 .02155 .01983 .01829 .01692 .01569 .01458 .01358 .01268 .01187
3 .02444 .02243 .02065 .01905 .01761 .01632 .01516 .01412 .01317 .01232
4 .02558 .02349 .02163 .01996 .01846 .01712 .01590 .01481 .01382 .01292
5 .02686 .02469 .02275 .02101 .01945 .01804 .01677 .01562 .01458 .01364
6 .02825 .02600 .02398 .02217 .02053 .01906 .01773 .01653 .01544 .01445
7 .02976 .02742 .02532 .02343 .02172 .02019 .01880 .01754 .01640 .01536
8 .03137 .02894 .02675 .02479 .02301 .02140 .01995 .01864 .01744 .01635
9 .03311 .03059 .02832 .02627 .02442 .02274 .02122 .01985 .01859 .01745
10 .03499 .03237 .03001 .02788 .02595 .02420 .02262 .02118 .01987 .01867
11 .03700 .03428 .03183 .02961 .02760 .02578 .02413 .02262 .02125 .02000
12 .03913 .03632 .03377 .03146 .02937 .02748 .02575 .02418 .02275 .02144
13 .04135 .03843 .03579 .03339 .03122 .02924 .02744 .02580 .02431 .02294
14 .04359 .04057 .03783 .03534 .03308 .03102 .02915 .02744 .02587 .02444
15 .04584 .04270 .03986 .03728 .03493 .03279 .03083 .02905 .02742 .02593
16 .04806 .04482 .04187 .03919 .03674 .03452 .03248 .03063 .02892 .02736
17 .05029 .04692 .04387 .04108 .03855 .03623 .03411 .03218 .03040 .02877
18 .05253 .04905 .04588 .04299 .04036 .03795 .03574 .03373 .03187 .03017
19 .05484 .05124 .04796 .04496 .04222 .03972 .03742 .03532 .03339 .03161
20 .05726 .05354 .05013 .04702 .04418 .04158 .03919 .03700 .03498 .03313
21 .05980 .05595 .05242 .04920 .04625 .04354 .04105 .03877 .03667 .03473
22 .06246 .05847 .05482 .05147 .04841 .04559 .04301 .04063 .03844 .03642
23 .06524 .06112 .05734 .05387 .05069 .04777 .04508 .04260 .04032 .03821
24 .06819 .06392 .06001 .05642 .05312 .05008 .04728 .04470 .04232 .04012
25 .07131 .06690 .06285 .05913 .05570 .05255 .04964 .04695 .04447 .04218
26 .07460 .07005 .06586 .06200 .05845 .05518 .05215 .04936 .04677 .04438
27 .07810 .07340 .06907 .06508 .06140 .05800 .05485 .05195 .04925 .04676
28 .08179 .07693 .07246 .06833 .06451 .06098 .05772 .05469 .05189 .04929
29 .08566 .08065 .07603 .07176 .06780 .06414 .06075 .05761 .05469 .05198
30 .08973 .08456 .07978 .07536 .07127 .06748 .06396 .06069 .05766 .05483
31 .09398 .08865 .08372 .07915 .07491 .07098 .06733 .06394 .06078 .05785
32 .09843 .09294 .08785 .08313 .07875 .07468 .07089 .06737 .06409 .06103
33 .10310 .09745 .09220 .08732 .08279 .07858 .07466 .07100 .06759 .06441
34 .10799 .10217 .09676 .09173 .08705 .08269 .07862 .07483 .07129 .06798
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
35 .11314 .10715 .10157 .09638 .09155 .08704 .08283 .07890 .07522 .07179
36 .11852 .11236 .10662 .10127 .09628 .09162 .08726 .08319 .07938 .07581
37 .12416 .11783 .11193 .10641 .10126 .09645 .09194 .08772 .08377 .08006
38 .13009 .12359 .11751 .11183 .10652 .10155 .09689 .09253 .08843 .08459
39 .13629 .12962 .12338 .11753 .11206 .10693 .10212 .09761 .09337 .08938
40 .14281 .13597 .12955 .12355 .11791 .11262 .10766 .10299 .09860 .09447
41 .14966 .14264 .13606 .12989 .12409 .11864 .11352 .10870 .10417 .09989
42 .15685 .14966 .14291 .13657 .13061 .12500 .11972 .11475 .11006 .10564
43 .16437 .15702 .15010 .14360 .13747 .13171 .12627 .12115 .11631 .11174
44 .17224 .16472 .15764 .15098 .14469 .13876 .13317 .12789 .12290 .11819
45 .18042 .17274 .16550 .15867 .15223 .14615 .14040 .13496 .12982 .12496
46 .18893 .18110 .17370 .16671 .16011 .15387 .14796 .14238 .13708 .13207
47 .19775 .18975 .18220 .17505 .16830 .16190 .15584 .15010 .14466 .13950
48 .20688 .19873 .19102 .18373 .17682 .17027 .16406 .15817 .15258 .14727
49 .21633 .20804 .20018 .19274 .18568 .17898 .17262 .16658 .16084 .15539
50 .22612 .21769 .20969 .20210 .19490 .18805 .18155 .17536 .16948 .16388
51 .23625 .22769 .21955 .21182 .20448 .19749 .19084 .18452 .17849 .17275
52 .24669 .23799 .22973 .22186 .21438 .20726 .20047 .19400 .18784 .18196
53 .25742 .24861 .24022 .23222 .22461 .21735 .21043 .20383 .19753 .19151
54 .26845 .25952 .25101 .24290 .23516 .22777 .22072 .21399 .20756 .20140
55 .27978 .27074 .26212 .25389 .24604 .23853 .23136 .22450 .21793 .21166
56 .29140 .28227 .27355 .26522 .25725 .24963 .24233 .23535 .22867 .22227
57 .30333 .29411 .28529 .27686 .26879 .26106 .25365 .24656 .23976 .23324
58 .31551 .30621 .29731 .28878 .28061 .27278 .26528 .25807 .25116 .24453
59 .32790 .31854 .30956 .30095 .29269 .28477 .27716 .26986 .26284 .25610
60 .34050 .33107 .32202 .31334 .30500 .29699 .28929 .28190 .27478 .26794
61 .35331 .34384 .33473 .32598 .31757 .30948 .30170 .29422 .28701 .28007
62 .36639 .35688 .34772 .33892 .33044 .32229 .31443 .30687 .29958 .29255
63 .37974 .37020 .36101 .35216 .34363 .33542 .32750 .31986 .31250 .30539
64 .39334 .38378 .37456 .36568 .35711 .34884 .34087 .33317 .32574 .31857
65 .40718 .39761 .38838 .37947 .37087 .36257 .35455 .34681 .33932 .33208
66 .42128 .41172 .40249 .39357 .38496 .37663 .36858 .36079 .35326 .34597
67 .43569 .42616 .41694 .40803 .39941 .39107 .38299 .37518 .36761 .36028
68 .45038 .44089 .43170 .42281 .41419 .40585 .39777 .38994 .38235 .37499
69 .46531 .45587 .44672 .43786 .42927 .42094 .41286 .40503 .39743 .39006
70 .48040 .47103 .46194 .45312 .44456 .43626 .42820 .42038 .41278 .40540
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
=======================================================================
71 .49558 .48629 .47727 .46851 .46000 .45174 .44371 .43591 .42832 .42095
72 .51082 .50162 .49268 .48399 .47554 .46733 .45934 .45157 .44401 .43666
73 .52607 .51697 .50813 .49952 .49114 .48299 .47506 .46733 .45981 .45249
74 .54139 .53241 .52367 .51515 .50686 .49879 .49092 .48325 .47578 .46849
75 .55683 .54798 .53936 .53095 .52276 .51477 .50698 .49938 .49197 .48474
76 .57243 .56373 .55524 .54696 .53888 .53100 .52330 .51579 .50846 .50130
77 .58819 .57965 .57132 .56318 .55523 .54747 .53988 .53247 .52523 .51815
78 .60408 .59572 .58755 .57957 .57177 .56414 .55668 .54939 .54225 .53527
79 .62001 .61184 .60385 .59604 .58840 .58092 .57360 .56644 .55943 .55256
80 .63582 .62786 .62007 .61244 .60497 .59765 .59048 .58347 .57659 .56985
81 .65142 .64367 .63608 .62864 .62135 .61421 .60721 .60034 .59361 .58701
82 .66673 .65920 .65182 .64458 .63748 .63052 .62368 .61698 .61041 .60395
83 .68175 .67444 .66728 .66024 .65334 .64656 .63991 .63338 .62696 .62066
84 .69657 .68950 .68256 .67574 .66904 .66246 .65599 .64964 .64340 .63727
85 .71128 .70446 .69775 .69116 .68467 .67830 .67204 .66587 .65982 .65386
86 .72576 .71919 .71272 .70636 .70010 .69394 .68789 .68193 .67606 .67029
87 .73981 .73349 .72726 .72114 .71511 .70917 .70333 .69757 .69190 .68632
88 .75342 .74735 .74137 .73548 .72968 .72396 .71833 .71279 .70732 .70194
89 .76658 .76076 .75503 .74938 .74381 .73832 .73290 .72757 .72231 .71712
90 .77928 .77371 .76823 .76281 .75748 .75221 .74702 .74190 .73684 .73186
91 .79131 .78600 .78075 .77557 .77046 .76542 .76044 .75553 .75068 .74589
92 .80246 .79737 .79235 .78740 .78250 .77767 .77290 .76818 .76353 .75893
93 .81274 .80788 .80307 .79832 .79363 .78899 .78441 .77989 .77542 .77100
94 .82232 .81766 .81306 .80850 .80401 .79956 .79517 .79082 .78653 .78228
95 .83141 .82695 .82254 .81818 .81387 .80961 .80539 .80122 .79710 .79302
96 .83996 .83569 .83147 .82729 .82316 .81907 .81503 .81103 .80707 .80315
97 .84787 .84378 .83973 .83573 .83176 .82784 .82396 .82012 .81632 .81255
98 .85530 .85138 .84750 .84366 .83985 .83609 .83236 .82867 .82502 .82140
99 .86255 .85880 .85508 .85140 .84776 .84415 .84057 .83703 .83353 .83005
100 .86960 .86601 .86246 .85894 .85546 .85200 .84858 .84519 .84183 .83849
101 .87655 .87313 .86974 .86638 .86305 .85975 .85648 .85324 .85003 .84684
102 .88338 .88012 .87689 .87369 .87052 .86738 .86426 .86116 .85809 .85505
103 .89015 .88706 .88399 .88095 .87793 .87494 .87197 .86903 .86611 .86321
104 .89737 .89446 .89157 .88871 .88586 .88304 .88024 .87745 .87469 .87195
105 .90443 .90170 .89898 .89628 .89360 .89094 .88830 .88568 .88307 .88049
106 .91351 .91101 .90852 .90605 .90359 .90115 .89873 .89632 .89392 .89154
107 .92452 .92230 .92010 .91791 .91573 .91356 .91141 .90927 .90714 .90502
108 .94161 .93987 .93814 .93641 .93469 .93298 .93128 .92958 .92790 .92622
109 .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
0 .01906 .01845 .01790 .01740 .01694 .01652 .01613 .01578 .01546 .01516
1 .01098 .01034 .00977 .00924 .00876 .00833 .00793 .00756 .00722 .00691
2 .01113 .01046 .00986 .00930 .00880 .00834 .00791 .00753 .00717 .00684
3 .01155 .01084 .01020 .00962 .00909 .00860 .00816 .00775 .00737 .00702
4 .01211 .01137 .01069 .01008 .00952 .00900 .00853 .00810 .00770 .00733
5 .01279 .01201 .01130 .01065 .01006 .00952 .00902 .00856 .00814 .00775
6 .01356 .01274 .01199 .01131 .01068 .01011 .00959 .00910 .00865 .00824
7 .01442 .01356 .01277 .01205 .01140 .01079 .01023 .00972 .00925 .00881
8 .01536 .01446 .01363 .01287 .01218 .01154 .01096 .01041 .00991 .00945
9 .01641 .01546 .01460 .01380 .01307 .01240 .01178 .01120 .01068 .01019
10 .01758 .01659 .01567 .01484 .01407 .01336 .01270 .01210 .01154 .01103
11 .01886 .01781 .01686 .01598 .01517 .01442 .01373 .01310 .01251 .01196
12 .02024 .01915 .01814 .01721 .01636 .01558 .01485 .01419 .01357 .01299
13 .02168 .02054 .01948 .01851 .01762 .01679 .01603 .01533 .01467 .01407
14 .02313 .02193 .02083 .01981 .01887 .01801 .01721 .01646 .01578 .01514
15 .02456 .02330 .02214 .02107 .02009 .01918 .01834 .01756 .01684 .01617
16 .02593 .02462 .02340 .02229 .02126 .02030 .01942 .01860 .01785 .01714
17 .02728 .02590 .02463 .02346 .02238 .02138 .02046 .01960 .01880 .01806
18 .02861 .02717 .02584 .02462 .02348 .02243 .02146 .02056 .01972 .01894
19 .02998 .02847 .02708 .02580 .02461 .02351 .02249 .02154 .02066 .01984
20 .03142 .02984 .02839 .02704 .02580 .02465 .02357 .02258 .02165 .02079
21 .03295 .03130 .02978 .02837 .02706 .02585 .02473 .02368 .02271 .02180
22 .03455 .03283 .03124 .02976 .02839 .02712 .02594 .02484 .02382 .02286
23 .03626 .03446 .03279 .03124 .02981 .02847 .02723 .02608 .02500 .02400
24 .03809 .03620 .03446 .03283 .03133 .02993 .02863 .02741 .02628 .02522
25 .04005 .03808 .03625 .03456 .03298 .03151 .03014 .02887 .02768 .02656
26 .04216 .04010 .03819 .03641 .03476 .03322 .03178 .03044 .02919 .02802
27 .04444 .04229 .04029 .03843 .03670 .03508 .03357 .03217 .03085 .02962
28 .04687 .04463 .04254 .04059 .03877 .03708 .03550 .03402 .03263 .03133
29 .04946 .04712 .04493 .04289 .04099 .03922 .03756 .03600 .03455 .03318
30 .05221 .04976 .04748 .04534 .04335 .04149 .03975 .03812 .03659 .03515
31 .05511 .05255 .05017 .04794 .04585 .04390 .04208 .04037 .03876 .03725
32 .05818 .05551 .05302 .05069 .04851 .04647 .04455 .04276 .04107 .03948
33 .06144 .05866 .05606 .05363 .05135 .04921 .04720 .04532 .04355 .04188
34 .06489 .06200 .05928 .05674 .05436 .05212 .05002 .04805 .04619 .04444
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
35 .06857 .06555 .06273 .06007 .05758 .05524 .05304 .05097 .04902 .04718
36 .07246 .06932 .06638 .06361 .06101 .05856 .05626 .05409 .05205 .05012
37 .07659 .07332 .07025 .06737 .06466 .06210 .05969 .05742 .05528 .05325
38 .08098 .07758 .07439 .07138 .06855 .06588 .06336 .06099 .05874 .05662
39 .08563 .08210 .07878 .07565 .07270 .06992 .06729 .06480 .06245 .06023
40 .09059 .08692 .08347 .08021 .07714 .07423 .07149 .06889 .06643 .06411
41 .09586 .09206 .08848 .08509 .08189 .07886 .07600 .07329 .07072 .06828
42 .10147 .09753 .09381 .09029 .08696 .08381 .08083 .07800 .07531 .07277
43 .10742 .10334 .09948 .09583 .09237 .08909 .08598 .08304 .08024 .07758
44 .11373 .10950 .10551 .10172 .09813 .09472 .09148 .08841 .08549 .08272
45 .12035 .11599 .11185 .10792 .10420 .10066 .09730 .09410 .09106 .08817
46 .12732 .12281 .11853 .11447 .11061 .10694 .10345 .10013 .09696 .09395
47 .13460 .12995 .12553 .12133 .11733 .11353 .10991 .10646 .10317 .10004
48 .14223 .13743 .13287 .12853 .12439 .12046 .11671 .11313 .10972 .10646
49 .15020 .14526 .14056 .13608 .13181 .12774 .12385 .12015 .11661 .11322
50 .15855 .15347 .14862 .14401 .13960 .13540 .13138 .12754 .12388 .12037
51 .16727 .16205 .15707 .15232 .14777 .14344 .13929 .13532 .13153 .12789
52 .17634 .17098 .16587 .16097 .15630 .15183 .14755 .14345 .13953 .13577
53 .18576 .18027 .17501 .16999 .16518 .16057 .15616 .15194 .14789 .14400
54 .19552 .18990 .18451 .17935 .17441 .16968 .16514 .16078 .15661 .15260
55 .20564 .19989 .19437 .18908 .18402 .17915 .17449 .17001 .16571 .16157
56 .21613 .21025 .20461 .19919 .19400 .18901 .18422 .17962 .17519 .17093
57 .22698 .22098 .21522 .20968 .20436 .19925 .19434 .18961 .18507 .18069
58 .23816 .23204 .22616 .22051 .21507 .20984 .20481 .19996 .19530 .19080
59 .24962 .24339 .23740 .23163 .22608 .22073 .21558 .21062 .20584 .20123
60 .26136 .25502 .24892 .24304 .23738 .23192 .22666 .22158 .21669 .21196
61 .27339 .26695 .26075 .25477 .24900 .24343 .23806 .23288 .22787 .22304
62 .28578 .27925 .27295 .26687 .26100 .25533 .24985 .24456 .23945 .23451
63 .29854 .29192 .28553 .27935 .27339 .26762 .26205 .25666 .25145 .24641
64 .31164 .30494 .29846 .29221 .28615 .28030 .27463 .26915 .26384 .25870
65 .32508 .31831 .31177 .30543 .29930 .29336 .28761 .28203 .27663 .27140
66 .33891 .33208 .32547 .31906 .31285 .30684 .30101 .29536 .28987 .28456
67 .35318 .34630 .33963 .33316 .32689 .32081 .31491 .30918 .30363 .29823
68 .36785 .36093 .35422 .34770 .34138 .33524 .32928 .32349 .31787 .31240
69 .38290 .37595 .36920 .36265 .35628 .35009 .34408 .33824 .33256 .32703
70 .39823 .39127 .38450 .37791 .37151 .36529 .35924 .35335 .34762 .34204
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
=======================================================================
71 .41378 .40681 .40003 .39343 .38701 .38076 .37467 .36875 .36298 .35736
72 .42950 .42253 .41575 .40914 .40271 .39644 .39034 .38438 .37858 .37293
73 .44535 .43840 .43162 .42502 .41858 .41231 .40619 .40022 .39440 .38872
74 .46139 .45446 .44771 .44112 .43469 .42842 .42230 .41632 .41049 .40479
75 .47769 .47080 .46408 .45752 .45111 .44485 .43874 .43277 .42693 .42123
76 .49430 .48747 .48079 .47427 .46790 .46167 .45558 .44963 .44380 .43811
77 .51123 .50447 .49786 .49139 .48506 .47888 .47282 .46690 .46111 .45543
78 .52845 .52177 .51523 .50884 .50257 .49645 .49044 .48457 .47881 .47317
79 .54584 .53926 .53282 .52650 .52032 .51426 .50833 .50251 .49681 .49122
80 .56325 .55678 .55044 .54423 .53813 .53216 .52630 .52056 .51492 .50939
81 .58054 .57419 .56797 .56186 .55587 .54999 .54422 .53856 .53300 .52754
82 .59762 .59140 .58530 .57931 .57343 .56766 .56198 .55641 .55094 .54557
83 .61448 .60840 .60243 .59657 .59081 .58515 .57958 .57411 .56874 .56346
84 .63124 .62531 .61949 .61376 .60813 .60259 .59715 .59179 .58652 .58134
85 .64800 .64224 .63657 .63099 .62550 .62010 .61478 .60955 .60441 .59934
86 .66461 .65902 .65351 .64810 .64276 .63751 .63233 .62724 .62222 .61728
87 .68083 .67541 .67008 .66483 .65965 .65455 .64953 .64458 .63970 .63489
88 .69663 .69140 .68624 .68116 .67615 .67121 .66634 .66154 .65680 .65213
89 .71201 .70696 .70199 .69708 .69224 .68747 .68276 .67811 .67353 .66900
90 .72694 .72209 .71730 .71257 .70791 .70330 .69876 .69427 .68984 .68547
91 .74117 .73650 .73190 .72735 .72286 .71842 .71404 .70972 .70545 .70123
92 .75439 .74991 .74548 .74110 .73678 .73251 .72829 .72412 .72000 .71593
93 .76664 .76233 .75806 .75385 .74969 .74557 .74150 .73748 .73350 .72957
94 .77809 .77394 .76983 .76578 .76177 .75780 .75388 .75000 .74616 .74237
95 .78899 .78500 .78106 .77715 .77329 .76947 .76569 .76195 .75826 .75460
96 .79928 .79544 .79165 .78790 .78418 .78050 .77686 .77326 .76970 .76617
97 .80883 .80514 .80149 .79787 .79430 .79075 .78725 .78377 .78033 .77693
98 .81781 .81427 .81075 .80727 .80382 .80041 .79703 .79368 .79036 .78708
99 .82661 .82320 .81982 .81648 .81316 .80988 .80662 .80340 .80020 .79704
100 .83519 .83192 .82868 .82547 .82228 .81913 .81600 .81290 .80982 .80678
101 .84368 .84055 .83744 .83437 .83131 .82829 .82529 .82231 .81936 .81643
102 .85203 .84904 .84607 .84313 .84021 .83731 .83444 .83159 .82876 .82596
103 .86034 .85748 .85465 .85184 .84906 .84629 .84355 .84082 .83812 .83544
104 .86923 .86653 .86385 .86119 .85855 .85593 .85333 .85074 .84818 .84563
105 .87792 .87537 .87283 .87032 .86782 .86534 .86287 .86042 .85799 .85557
106 .88918 .88683 .88450 .88218 .87987 .87758 .87530 .87304 .87079 .86855
107 .90291 .90082 .89873 .89666 .89460 .89255 .89051 .88849 .88647 .88447
108 .92455 .92288 .92123 .91958 .91794 .91630 .91468 .91306 .91145 .90984
109 .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
0 .01488 .01463 .01439 .01417 .01396 .01377 .01359 .01343 .01327 .01312
1 .00662 .00636 .00612 .00589 .00568 .00548 .00530 .00513 .00497 .00482
2 .00654 .00626 .00600 .00576 .00554 .00533 .00514 .00496 .00479 .00463
3 .00670 .00641 .00613 .00588 .00564 .00542 .00522 .00502 .00484 .00468
4 .00699 .00668 .00639 .00612 .00587 .00563 .00542 .00521 .00502 .00484
5 .00739 .00706 .00675 .00646 .00620 .00595 .00571 .00550 .00529 .00510
6 .00786 .00751 .00718 .00687 .00659 .00633 .00608 .00585 .00563 .00543
7 .00841 .00803 .00769 .00736 .00706 .00678 .00652 .00627 .00604 .00582
8 .00902 .00863 .00826 .00791 .00759 .00730 .00702 .00675 .00651 .00628
9 .00973 .00931 .00892 .00856 .00822 .00790 .00760 .00733 .00706 .00682
10 .01055 .01010 .00969 .00930 .00894 .00861 .00829 .00799 .00772 .00746
11 .01146 .01099 .01055 .01014 .00976 .00940 .00907 .00875 .00846 .00818
12 .01246 .01196 .01150 .01106 .01066 .01028 .00993 .00960 .00928 .00899
13 .01351 .01298 .01249 .01204 .01161 .01121 .01084 .01049 .01016 .00985
14 .01455 .01400 .01348 .01300 .01255 .01213 .01173 .01136 .01102 .01069
15 .01555 .01497 .01443 .01392 .01345 .01300 .01259 .01220 .01183 .01148
16 .01648 .01587 .01530 .01477 .01427 .01380 .01336 .01295 .01257 .01220
17 .01737 .01673 .01612 .01556 .01504 .01455 .01408 .01365 .01324 .01286
18 .01822 .01754 .01691 .01632 .01576 .01525 .01476 .01430 .01387 .01347
19 .01908 .01837 .01770 .01708 .01650 .01595 .01544 .01495 .01450 .01407
20 .01999 .01924 .01854 .01788 .01726 .01669 .01615 .01564 .01516 .01471
21 .02096 .02017 .01943 .01874 .01809 .01748 .01691 .01637 .01586 .01539
22 .02197 .02114 .02036 .01963 .01895 .01830 .01770 .01713 .01660 .01610
23 .02306 .02218 .02136 .02059 .01987 .01919 .01855 .01795 .01739 .01686
24 .02424 .02331 .02245 .02163 .02087 .02016 .01948 .01885 .01825 .01769
25 .02552 .02455 .02364 .02278 .02197 .02122 .02051 .01984 .01920 .01861
26 .02692 .02589 .02493 .02403 .02318 .02238 .02162 .02091 .02025 .01961
27 .02846 .02738 .02636 .02541 .02451 .02367 .02287 .02212 .02141 .02074
28 .03012 .02898 .02791 .02690 .02595 .02506 .02422 .02342 .02267 .02196
29 .03190 .03070 .02957 .02851 .02751 .02656 .02567 .02483 .02404 .02329
30 .03381 .03254 .03135 .03023 .02917 .02817 .02723 .02634 .02551 .02471
31 .03583 .03450 .03324 .03206 .03094 .02989 .02890 .02796 .02707 .02623
32 .03799 .03659 .03527 .03402 .03284 .03173 .03068 .02968 .02874 .02785
33 .04031 .03883 .03744 .03612 .03488 .03371 .03260 .03155 .03055 .02961
34 .04279 .04123 .03976 .03838 .03707 .03583 .03465 .03354 .03249 .03149
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
35 .04545 .04382 .04227 .04081 .03943 .03812 .03688 .03571 .03459 .03354
36 .04830 .04658 .04495 .04341 .04196 .04058 .03927 .03803 .03685 .03573
37 .05134 .04953 .04782 .04620 .04467 .04321 .04183 .04052 .03928 .03809
38 .05462 .05272 .05092 .04921 .04760 .04606 .04461 .04322 .04191 .04066
39 .05812 .05613 .05424 .05245 .05075 .04913 .04760 .04614 .04475 .04343
40 .06190 .05981 .05782 .05594 .05415 .05245 .05083 .04929 .04783 .04643
41 .06597 .06378 .06170 .05972 .05784 .05605 .05435 .05272 .05118 .04970
42 .07035 .06806 .06587 .06380 .06182 .05994 .05815 .05644 .05481 .05326
43 .07505 .07265 .07036 .06818 .06611 .06414 .06225 .06045 .05874 .05710
44 .08008 .07757 .07518 .07290 .07072 .06865 .06667 .06478 .06298 .06125
45 .08542 .08279 .08029 .07791 .07563 .07346 .07138 .06940 .06750 .06569
46 .09108 .08834 .08573 .08324 .08085 .07858 .07640 .07432 .07233 .07043
47 .09705 .09419 .09147 .08886 .08637 .08399 .08172 .07954 .07745 .07545
48 .10335 .10038 .09754 .09482 .09222 .08973 .08735 .08507 .08288 .08078
49 .10999 .10690 .10394 .10111 .09840 .09581 .09332 .09093 .08864 .08644
50 .11701 .11380 .11073 .10778 .10496 .10225 .09965 .09716 .09477 .09247
51 .12441 .12108 .11789 .11482 .11189 .10907 .10636 .10376 .10126 .09886
52 .13217 .12871 .12540 .12222 .11916 .11623 .11341 .11071 .10810 .10560
53 .14028 .13670 .13327 .12997 .12680 .12375 .12082 .11801 .11529 .11268
54 .14875 .14505 .14150 .13808 .13480 .13163 .12859 .12566 .12284 .12012
55 .15760 .15378 .15011 .14657 .14317 .13989 .13674 .13370 .13077 .12794
56 .16684 .16290 .15911 .15546 .15194 .14855 .14528 .14213 .13909 .13615
57 .17648 .17242 .16851 .16474 .16111 .15760 .15422 .15096 .14781 .14477
58 .18647 .18229 .17827 .17438 .17064 .16702 .16353 .16015 .15689 .15374
59 .19678 .19249 .18835 .18435 .18049 .17676 .17316 .16968 .16631 .16305
60 .20740 .20300 .19875 .19464 .19066 .18682 .18311 .17952 .17604 .17268
61 .21837 .21385 .20949 .20527 .20119 .19724 .19341 .18971 .18613 .18266
62 .22973 .22511 .22064 .21631 .21212 .20807 .20414 .20033 .19664 .19306
63 .24152 .23680 .23222 .22779 .22350 .21934 .21530 .21139 .20760 .20392
64 .25372 .24890 .24422 .23969 .23529 .23103 .22690 .22289 .21899 .21521
65 .26633 .26141 .25664 .25201 .24752 .24316 .23893 .23482 .23083 .22695
66 .27940 .27439 .26953 .26481 .26023 .25577 .25145 .24724 .24316 .23918
67 .29299 .28790 .28296 .27815 .27348 .26894 .26453 .26024 .25606 .25200
68 .30709 .30193 .29691 .29202 .28728 .28265 .27816 .27378 .26952 .26537
69 .32166 .31643 .31134 .30639 .30157 .29687 .29230 .28785 .28351 .27928
70 .33661 .33133 .32618 .32116 .31628 .31152 .30688 .30235 .29794 .29364
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
=======================================================================
71 .35188 .34654 .34134 .33627 .33133 .32651 .32181 .31722 .31275 .30838
72 .36742 .36204 .35679 .35168 .34668 .34181 .33706 .33241 .32788 .32345
73 .38317 .37776 .37248 .36733 .36229 .35738 .35257 .34788 .34330 .33882
74 .39923 .39380 .38849 .38330 .37823 .37328 .36844 .36370 .35908 .35455
75 .41566 .41021 .40489 .39968 .39459 .38961 .38474 .37997 .37531 .37074
76 .43254 .42709 .42176 .41655 .41144 .40645 .40156 .39677 .39208 .38749
77 .44988 .44444 .43912 .43391 .42880 .42380 .41891 .41411 .40940 .40479
78 .46765 .46224 .45694 .45174 .44665 .44166 .43677 .43197 .42726 .42265
79 .48574 .48037 .47510 .46993 .46487 .45990 .45502 .45024 .44554 .44094
80 .50397 .49865 .49343 .48830 .48327 .47834 .47349 .46873 .46406 .45947
81 .52219 .51693 .51176 .50669 .50171 .49682 .49201 .48729 .48265 .47809
82 .54029 .53510 .53000 .52499 .52007 .51523 .51047 .50580 .50120 .49667
83 .55826 .55315 .54813 .54319 .53834 .53356 .52886 .52424 .51969 .51522
84 .57624 .57123 .56629 .56144 .55666 .55195 .54732 .54277 .53828 .53386
85 .59435 .58944 .58460 .57984 .57516 .57054 .56599 .56151 .55710 .55275
86 .61241 .60762 .60289 .59824 .59365 .58913 .58468 .58029 .57596 .57170
87 .63015 .62548 .62087 .61633 .61185 .60744 .60309 .59880 .59456 .59039
88 .64753 .64299 .63851 .63409 .62973 .62543 .62118 .61700 .61287 .60879
89 .66454 .66013 .65579 .65150 .64726 .64308 .63895 .63488 .63086 .62689
90 .68115 .67689 .67268 .66853 .66442 .66037 .65637 .65241 .64851 .64465
91 .69706 .69294 .68887 .68486 .68089 .67696 .67309 .66925 .66547 .66173
92 .71190 .70792 .70399 .70011 .69627 .69247 .68872 .68501 .68134 .67771
93 .72569 .72184 .71804 .71429 .71057 .70689 .70326 .69967 .69611 .69259
94 .73861 .73490 .73123 .72759 .72400 .72044 .71692 .71344 .71000 .70659
95 .75097 .74739 .74384 .74033 .73686 .73342 .73002 .72665 .72331 .72001
96 .76267 .75922 .75579 .75240 .74905 .74572 .74243 .73917 .73595 .73275
97 .77356 .77022 .76691 .76363 .76039 .75718 .75399 .75084 .74772 .74463
98 .78382 .78059 .77740 .77423 .77110 .76799 .76491 .76186 .75884 .75584
99 .79390 .79079 .78771 .78465 .78162 .77862 .77565 .77270 .76978 .76688
100 .80376 .80076 .79779 .79485 .79193 .78904 .78617 .78333 .78051 .77771
101 .81353 .81066 .80780 .80497 .80217 .79938 .79662 .79388 .79117 .78847
102 .82318 .82042 .81768 .81496 .81227 .80960 .80694 .80431 .80170 .79911
103 .83278 .83014 .82752 .82491 .82233 .81977 .81723 .81470 .81220 .80971
104 .84310 .84059 .83810 .83563 .83317 .83073 .82831 .82591 .82352 .82115
105 .85318 .85079 .84843 .84607 .84374 .84142 .83911 .83682 .83455 .83229
106 .86633 .86413 .86193 .85975 .85758 .85543 .85329 .85116 .84904 .84694
107 .88247 .88049 .87852 .87656 .87460 .87266 .87073 .86881 .86690 .86500
108 .90825 .90666 .90507 .90350 .90193 .90037 .89881 .89727 .89572 .89419
109 .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
0 .01298 .01285 .01273 .01261 .01250 .01240 .01230 .01221 .01212 .01203
1 .00468 .00455 .00443 .00431 .00420 .00410 .00400 .00391 .00382 .00374
2 .00448 .00435 .00421 .00409 .00398 .00387 .00376 .00366 .00357 .00348
3 .00452 .00437 .00423 .00410 .00398 .00386 .00375 .00365 .00355 .00345
4 .00468 .00452 .00437 .00423 .00410 .00397 .00386 .00375 .00364 .00354
5 .00493 .00476 .00460 .00445 .00431 .00418 .00405 .00393 .00382 .00371
6 .00524 .00506 .00489 .00473 .00458 .00444 .00430 .00418 .00406 .00394
7 .00562 .00543 .00525 .00508 .00492 .00477 .00462 .00449 .00436 .00423
8 .00606 .00586 .00566 .00548 .00531 .00515 .00499 .00485 .00471 .00458
9 .00659 .00637 .00616 .00597 .00579 .00561 .00545 .00529 .00514 .00500
10 .00721 .00698 .00676 .00655 .00636 .00617 .00600 .00583 .00567 .00552
11 .00792 .00767 .00744 .00722 .00701 .00682 .00663 .00645 .00628 .00612
12 .00871 .00845 .00821 .00797 .00775 .00754 .00735 .00716 .00698 .00681
13 .00955 .00928 .00902 .00877 .00854 .00831 .00810 .00790 .00771 .00753
14 .01038 .01009 .00981 .00955 .00930 .00907 .00885 .00864 .00843 .00824
15 .01116 .01085 .01056 .01028 .01002 .00977 .00954 .00932 .00910 .00890
16 .01186 .01153 .01123 .01094 .01066 .01040 .01015 .00992 .00969 .00948
17 .01250 .01215 .01183 .01152 .01124 .01096 .01070 .01045 .01022 .00999
18 .01308 .01272 .01238 .01206 .01175 .01147 .01119 .01093 .01068 .01044
19 .01367 .01329 .01293 .01259 .01227 .01196 .01167 .01140 .01113 .01088
20 .01428 .01388 .01350 .01314 .01280 .01248 .01217 .01188 .01161 .01134
21 .01494 .01451 .01411 .01373 .01337 .01303 .01271 .01240 .01211 .01183
22 .01562 .01517 .01475 .01435 .01397 .01361 .01326 .01294 .01263 .01233
23 .01635 .01588 .01543 .01501 .01460 .01422 .01386 .01351 .01319 .01287
24 .01716 .01665 .01618 .01573 .01530 .01489 .01451 .01415 .01380 .01347
25 .01804 .01751 .01701 .01653 .01608 .01565 .01524 .01485 .01448 .01413
26 .01902 .01845 .01792 .01741 .01693 .01648 .01604 .01563 .01524 .01487
27 .02011 .01951 .01895 .01841 .01790 .01742 .01696 .01652 .01610 .01571
28 .02129 .02066 .02006 .01949 .01895 .01844 .01795 .01748 .01704 .01662
29 .02258 .02191 .02127 .02067 .02009 .01955 .01903 .01853 .01806 .01762
30 .02396 .02325 .02257 .02193 .02132 .02074 .02019 .01966 .01916 .01869
31 .02543 .02467 .02396 .02328 .02263 .02201 .02143 .02087 .02034 .01983
32 .02701 .02621 .02545 .02472 .02404 .02338 .02276 .02217 .02160 .02106
33 .02871 .02786 .02706 .02629 .02556 .02487 .02420 .02357 .02297 .02240
34 .03054 .02964 .02879 .02797 .02720 .02646 .02576 .02509 .02445 .02383
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
35 .03253 .03158 .03067 .02981 .02898 .02820 .02745 .02674 .02606 .02541
36 .03467 .03366 .03269 .03178 .03090 .03007 .02928 .02852 .02779 .02710
37 .03697 .03590 .03488 .03391 .03298 .03209 .03125 .03044 .02967 .02893
38 .03947 .03833 .03725 .03622 .03524 .03430 .03340 .03254 .03172 .03094
39 .04217 .04096 .03982 .03873 .03768 .03669 .03573 .03482 .03395 .03312
40 .04510 .04383 .04262 .04146 .04035 .03930 .03828 .03732 .03639 .03550
41 .04830 .04695 .04567 .04445 .04327 .04215 .04108 .04005 .03907 .03812
42 .05177 .05035 .04900 .04770 .04646 .04527 .04413 .04304 .04200 .04100
43 .05553 .05404 .05261 .05123 .04992 .04866 .04746 .04630 .04520 .04413
44 .05960 .05802 .05651 .05506 .05368 .05235 .05107 .04985 .04867 .04754
45 .06395 .06229 .06069 .05917 .05770 .05630 .05495 .05365 .05241 .05121
46 .06860 .06685 .06517 .06356 .06202 .06053 .05911 .05774 .05643 .05516
47 .07353 .07169 .06992 .06823 .06660 .06504 .06353 .06209 .06070 .05936
48 .07877 .07684 .07498 .07320 .07149 .06984 .06826 .06673 .06527 .06385
49 .08433 .08231 .08036 .07849 .07669 .07495 .07329 .07168 .07013 .06864
50 .09026 .08814 .08609 .08413 .08224 .08042 .07867 .07698 .07535 .07378
51 .09655 .09433 .09219 .09013 .08815 .08624 .08440 .08262 .08091 .07926
52 .10318 .10086 .09863 .09647 .09439 .09239 .09046 .08860 .08680 .08506
53 .11017 .10774 .10541 .10315 .10098 .09888 .09686 .09491 .09302 .09120
54 .11750 .11498 .11254 .11019 .10792 .10572 .10361 .10156 .09958 .09767
55 .12522 .12258 .12005 .11759 .11522 .11294 .11072 .10859 .10652 .10451
56 .13332 .13059 .12794 .12539 .12292 .12054 .11823 .11599 .11383 .11174
57 .14183 .13899 .13624 .13359 .13102 .12853 .12613 .12380 .12154 .11936
58 .15070 .14775 .14490 .14215 .13948 .13689 .13439 .13197 .12962 .12734
59 .15990 .15685 .15389 .15103 .14826 .14558 .14298 .14046 .13801 .13564
60 .16942 .16626 .16321 .16024 .15737 .15459 .15189 .14927 .14673 .14426
61 .17929 .17603 .17287 .16981 .16684 .16395 .16115 .15844 .15580 .15324
62 .18960 .18623 .18297 .17980 .17673 .17375 .17085 .16803 .16530 .16264
63 .20035 .19688 .19352 .19025 .18708 .18400 .18100 .17809 .17525 .17250
64 .21154 .20797 .20451 .20114 .19787 .19469 .19159 .18859 .18566 .18281
65 .22318 .21951 .21595 .21249 .20912 .20584 .20265 .19955 .19652 .19358
66 .23532 .23156 .22790 .22434 .22088 .21751 .21422 .21102 .20791 .20487
67 .24804 .24419 .24044 .23679 .23324 .22977 .22640 .22311 .21990 .21678
68 .26133 .25740 .25356 .24983 .24618 .24263 .23917 .23579 .23250 .22929
69 .27516 .27114 .26723 .26341 .25969 .25605 .25251 .24905 .24567 .24237
70 .28945 .28536 .28137 .27747 .27367 .26996 .26633 .26279 .25934 .25596
TABLE S
BASED ON LIFE TABLE 90CM
SINGLE LIFE REMAINDER FACTORS
APPLICABLE AFTER APRIL 30, 1999
INTEREST RATE
=======================================================================
AGE 12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
=======================================================================
71 .30412 .29996 .29590 .29193 .28806 .28427 .28057 .27696 .27343 .26998
72 .31913 .31491 .31078 .30675 .30281 .29895 .29519 .29150 .28790 .28438
73 .33444 .33016 .32597 .32188 .31788 .31396 .31013 .30638 .30271 .29913
74 .35012 .34579 .34155 .33741 .33335 .32938 .32549 .32168 .31795 .31430
75 .36628 .36190 .35762 .35343 .34932 .34530 .34136 .33750 .33372 .33001
76 .38299 .37858 .37427 .37004 .36589 .36183 .35784 .35394 .35011 .34636
77 .40028 .39585 .39151 .38725 .38307 .37898 .37496 .37103 .36716 .36337
78 .41812 .41368 .40933 .40506 .40086 .39675 .39271 .38874 .38485 .38103
79 .43641 .43198 .42762 .42334 .41914 .41502 .41096 .40698 .40308 .39924
80 .45496 .45054 .44619 .44192 .43772 .43360 .42954 .42556 .42164 .41779
81 .47360 .46920 .46487 .46061 .45643 .45231 .44827 .44429 .44038 .43653
82 .49223 .48785 .48355 .47932 .47516 .47106 .46703 .46307 .45916 .45532
83 .51081 .50648 .50221 .49802 .49388 .48982 .48581 .48187 .47799 .47416
84 .52951 .52523 .52101 .51686 .51277 .50874 .50477 .50086 .49701 .49321
85 .54847 .54425 .54009 .53600 .53196 .52798 .52406 .52019 .51638 .51262
86 .56749 .56335 .55926 .55523 .55126 .54734 .54348 .53966 .53591 .53220
87 .58627 .58221 .57820 .57425 .57035 .56650 .56270 .55895 .55526 .55161
88 .60477 .60079 .59688 .59301 .58919 .58542 .58170 .57802 .57439 .57081
89 .62297 .61909 .61527 .61149 .60776 .60408 .60044 .59685 .59330 .58979
90 .64084 .63707 .63335 .62968 .62604 .62246 .61891 .61540 .61194 .60851
91 .65803 .65437 .65076 .64719 .64366 .64017 .63672 .63330 .62993 .62659
92 .67412 .67058 .66707 .66360 .66017 .65678 .65342 .65010 .64682 .64357
93 .68911 .68567 .68227 .67890 .67557 .67227 .66901 .66578 .66258 .65942
94 .70321 .69988 .69657 .69330 .69006 .68686 .68369 .68055 .67744 .67437
95 .71674 .71351 .71031 .70713 .70399 .70088 .69781 .69476 .69174 .68875
96 .72959 .72646 .72335 .72028 .71724 .71422 .71123 .70828 .70534 .70244
97 .74156 .73853 .73552 .73254 .72959 .72666 .72376 .72089 .71804 .71522
98 .75287 .74993 .74702 .74413 .74126 .73842 .73561 .73282 .73006 .72732
99 .76401 .76117 .75834 .75555 .75277 .75002 .74730 .74459 .74191 .73926
100 .77494 .77219 .76946 .76676 .76408 .76142 .75878 .75616 .75357 .75099
101 .78580 .78315 .78052 .77791 .77532 .77275 .77021 .76768 .76517 .76268
102 .79654 .79399 .79146 .78894 .78645 .78397 .78152 .77908 .77666 .77426
103 .80724 .80479 .80236 .79994 .79755 .79517 .79280 .79046 .78813 .78582
104 .81879 .81646 .81413 .81183 .80954 .80726 .80501 .80276 .80054 .79832
105 .83005 .82782 .82560 .82340 .82121 .81904 .81688 .81474 .81260 .81049
106 .84485 .84277 .84071 .83866 .83662 .83459 .83257 .83057 .82857 .82659
107 .86311 .86124 .85937 .85751 .85566 .85382 .85199 .85017 .84835 .84655
108 .89266 .89114 .88963 .88812 .88662 .88513 .88364 .88216 .88068 .87922
109 .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860
LIFE TABLE
TABLE 90CM
APPLICABLE AFTER APRIL 30, 1999
Age x l(x) Age x l(x) Age x l(x)
================================
(1) (2) (1) (2) (1) (2)
0 100000 37 95969 74 62852
1 99064 38 95780 75 60449
2 98992 39 95581 76 57955
3 98944 40 95373 77 55373
4 98907 41 95156 78 52704
5 98877 42 94928 79 49943
6 98850 43 94687 80 47084
7 98826 44 94431 81 44129
8 98803 45 94154 82 41091
9 98783 46 93855 83 37994
10 98766 47 93528 84 34876
11 98750 48 93173 85 31770
12 98734 49 92787 86 28687
13 98713 50 92370 87 25638
14 98681 51 91918 88 22658
15 98635 52 91424 89 19783
16 98573 53 90885 90 17046
17 98497 54 90297 91 14466
18 98409 55 89658 92 12066
19 98314 56 88965 93 9884
20 98215 57 88214 94 7951
21 98113 58 87397 95 6282
22 98006 59 86506 96 4868
23 97896 60 85537 97 3694
24 97784 61 84490 98 2745
25 97671 62 83368 99 1999
26 97556 63 82169 100 1424
27 97441 64 80887 101 991
28 97322 65 79519 102 672
29 97199 66 78066 103 443
30 97070 67 76531 104 284
31 96934 68 74907 105 175
32 96791 69 73186 106 105
33 96642 70 71357 107 60
34 96485 71 69411 108 33
35 96322 72 67344 109 17
36 96150 73 65154 110 0
(e) Effective dates. This section applies after April 30, 1999.
Par. 20 Section 20.2055-2 is amended by revising paragraph (f)(4) to
read as follows:
�20.2055-2 Transfers not exclusively for charitable purposes.
* * * * *
(f) * * *
(4) Other decedents. The present value of an interest not described
in paragraph (f)(2) of this section is to be determined under
�20.2031-7T(d) in the case of decedents where the valuation date of
the gross estate is after April 30, 1999, or under �20.2031-7A in
the case of decedents where the valuation date of the gross estate
is before May 1, 1999.
* * * * *
Par. 21. Section 20.7520-1 is amended as follows:
1. Paragraph (b)(2), last two sentences are revised.
2. Headings for paragraphs (c)(1) and (c)(2) are revised.
3. Paragraph (c)(2) introductory text is revised.
4. Paragraph (c)(2)(iii) is amended by removing the first two
sentences and adding one sentence in their place.
5. Paragraph (d) is revised.
The revised and added provisions read as follows:
�20.7520-1 Valuation of annuities, unitrust interests, interests for
life or term of years, and remainder or reversionary interests.
* * * * *
(b) * * *
(2) * * * For decedents' estates with valuation dates after April
30, 1989, and before May 1, 1999, the mortality component table
(Table 80CNSMT) is included in �20.2031-7A(e)(4). See �20.2031-7A(a)
through (d) for mortality component tables applicable to decedents'
estates with valuation dates before May 1, 1989.
(c) * * *
(1) Regulations sections containing tables with interest rates
between 4.2 and 14 percent for valuation dates after April 30, 1989,
and before May 1, 1999. * * *
(2) Internal Revenue Service publications containing tables with
interest rates between 2.2. and 26 percent for valuation dates after
April 30, 1989, and before May 1, 1999. The following publications
are no longer available from the Superintendent of Documents,
however, they may be obtained from: CC:DOM:CORP:R, room 5226,
Internal Revenue Service, POB 7604, Ben Franklin Station,
Washington, DC 20044:
* * * * *
(iii) Internal Revenue Service Publication 1459, "Actuarial Values,
Gamma Volume," (8-89). * * *
(d) Effective date. This section applies after April 30, 1989, and
before May 1, 1999.
Par. 22. Section 20.7520-1T is added to read as follows:
�20.7520-1T Valuation of annuities, unitrust interests, interests
for life or term of years, and remainder or reversionary interests
(temporary)..98 (a) (1) [Reserved]. For further guidance, see
�20.7520-1(a)1).
(2) In the case of a transfer to a pooled income fund with a
valuation date after April 30, 1999, see �1.642(c)-6T(e) (or, for
certain prior periods, �1.642(c)-6A) of this chapter (Income Tax
Regulations) with respect to the valuation of the remainder
interest.
(a)(3) through (b)(1) [Reserved]. For further guidance, see
�20.7520-1(a)(3) through (b)(1).
(b)(2) Mortality component. The mortality component reflects the
mortality data most recently available from the United States
Census. As new mortality data becomes available after each decennial
census, the mortality component described in this section will be
revised periodically and the mortality component tables will be
published in the regulations at that time. For decedents' estates
with valuation dates after April 30, 1999, the mortality component
table (Table 90CM) is included in �20.2031- 7T(d)(7). See
�20.2031-7A for mortality component tables applicable to decedent's
estates with valuation dates before May 1, 1999.
(c) [Reserved]. For further guidance, see �20.7520-1(c).
(1) Regulation sections containing tables with interest rates
between 4.2 and 14 percent for valuation dates after April 30, 1999.
Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for
determining the present value of a single life remainder interest in
a pooled income fund as defined in �1.642(c)-5 of this chapter.
See �1.642(c)-6A of this chapter for actuarial factors for one life
applicable to valuation dates before May 1, 1999. Section 1.664-4(e)
(6) of this chapter contains Table F.99 (payout factors) and Table D
(actuarial factors used in determining the present value of a
remainder interest postponed for a term of years). Section
1.664-4T(e)(7) of this chapter contains Table U(1) (actuarial
factors for one life). These tables are used in determining the
present value of a remainder interest in a charitable remainder
unitrust as defined in �1.664-3 of this chapter. See �1.664-4A of
this chapter for actuarial factors for one life applicable to
valuation dates before May 1, 1999. Section 20.2031- 7(d)(6)
contains Table B (actuarial factors used in determining the present
value of an interest for a term of years), Table K (annuity end-of-
interval adjustment factors), and Table J (term certain annuity
beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7)
contains Table S (actuarial factors for one life) and Table 90CM
(mortality components). These tables are used in determining the
present value of annuities, life estates, remainders, and
reversions. See �20.2031-7A for actuarial factors for one life and
mortality components applicable to valuation dates before May 1,
1999.
(2) Internal Revenue Service publications containing tables with
interest rates between 2.2 and 26 percent for valuation dates after
April 30, 1999. The following documents are available for purchase
from the Superintendent of Documents, United States Government
Printing Office, Washington, DC 20402:
(i) Internal Revenue Service Publication 1457, "Actuarial Values,
Book Aleph," (1999). This publication includes tables of valuation
factors, as well as examples that show how to compute other
valuation factors, for determining the present value of annuities,
life estates, terms of years, remainders, and reversions, measured
by one or.100 two lives. These factors may also be used in the
valuation of interests in a charitable remainder annuity trust as
defined in �1.664-2 of this chapter (Income Tax Regulations) and a
pooled income fund as defined in �1.642(c)-5 of this chapter.
(ii) Internal Revenue Service Publication 1458, "Actuarial Values,
Book Beth," (1999). This publication includes term certain tables
and tables of one and two life valuation factors for determining the
present value of remainder interests in a charitable remainder
unitrust as defined in �1.664-3 of this chapter.
(iii) Internal Revenue Service Publication 1459, "Actuarial Values,
Book Gimel," (1999). This publication includes tables for computing
depreciation adjustment factors.
See �1.170A-12T of this chapter.
(d) Effective date. This section applies after April 30, 1999.
PART 25--GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954 Par. 23. The
authority citation for part 25 is amended by adding entries in
numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * * Section 25.2512-5T also issued under
26 U.S.C. 7520(c)(2). * * *
Section 25.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *
Par. 24. Section 25.2512-0 is revised to read as follows:
�25.2512-0 Table of contents.
This section lists the section headings that appear in the
regulations under section 2512.
�25.2512-1 Valuation of property; in general.
�25.2512-2 Stocks and bonds.
�25.2512-3 Valuation of interest in businesses.
�25.2512-4 Valuation of notes.
�25.2512-5 Valuation of annuities, unitrust interests, interests for
life or term of years, and remainder or reversionary interests.
�25.2512-5T Valuation of annuities, unitrust interests, interests
for life or term of years, and remainder or reversionary interests
(temporary).
�25.2512-6 Valuation of certain life insurance and annuity
contracts; valuation of shares in an open-end investment company.
�25.2512-7 Effect of excise tax.
�25.2512-8 Transfers for insufficient consideration.
Actuarial Tables Applicable Before May 1, 1999 �25.2512-5A Valuation
of annuities, unitrust interests, interests for life or term of
years, and remainder or reversionary interests transferred before
May 1, 1999.
Par. 25. Section 25.2512-5 is amended as follows:
1. The section heading is revised.
2. Paragraphs (c) and (d) are revised.
3. Paragraph (e) is revised.
The revised provisions read as follows:
�25.2512-5 Valuation of annuities, unitrust interests, interests for
life or term of years, and remainder or reversionary interests.
* * * * *
(c) and (d) [Reserved]. For further guidance, see �25.2512-5T(c) and
(d).
(e) Effective date. This section applies after April 30, 1989, and
before May 1, 1999.
Par. 26. Section 25.2512-5T is added to read as follows:
�25.2512-5T Valuation of annuities, unitrust interests, interests
for life or term of years, and remainder or reversionary interests
(temporary).
(a) and (b) [Reserved]. For further guidance, see �25.2512-5(a) and
(b).
(c) Actuarial valuations. The present value of annuities, unitrust
interests, life estates, terms of years, remainders, and reversions
transferred by gift after April 30, 1999, is determined under
paragraph (d) of this section. The present value of annuities,
unitrust interests, life estates, terms of years, remainders, and
reversions transferred by gift before May 1, 1999, is determined
under the following sections:
Transfers Applicable
After Before Regulations
- 01-01-52 25.2512-5A(a)
12-31-51 01-01-71 25.2512-5A(b)
12-31-70 12-01-83 25.2512-5A(c)
11-30-83 05-01-89 25.2512-5A(d)
04-30-89 05-01-99 25.2512-5A(e)
(d) Actuarial valuations after April 30, 1999--(1) In general.
Except as otherwise provided in paragraph (b) of this section and
�25.7520-3(b) (relating to exceptions to the use of prescribed
tables under certain circumstances), if the valuation date for the
gift is after April 30, 1999, the fair market value of annuities,
life estates, terms of years, remainders, and reversions transferred
after April 30, 1999, is the present value of such interests
determined under paragraph (d)(2) of this section and by use of
standard or special section 7520 actuarial factors. These factors
are derived by using the appropriate section 7520 interest rate and,
if applicable, the mortality component for the valuation date of the
interest that is being valued. See ��25.7520-1 through 25.7520-4.
The fair market value of a qualified annuity interest described in
section 2702(b)(1) and a qualified unitrust interest described in
section 2702(b)(2) is the.103 present value of such interests
determined under �25.7520-1(c).
(2) Specific interests. When the donor transfers property in trust
or otherwise and retains an interest therein, generally, the value
of the gift is the value of the property transferred less the value
of the donor's retained interest. However, if the donor transfers
property after October 8, 1990, to or for the benefit of a member of
the donor's family, the value of the gift is the value of the
property transferred less the value of the donor's retained interest
as determined under section 2702. If the donor assigns or
relinquishes an annuity, life estate, remainder, or reversion that
the donor holds by virtue of a transfer previously made by the donor
or another, the value of the gift is the value of the interest
transferred. However, see section 2519 for a special rule in the
case of the assignment of an income interest by a person who
received the interest from a spouse.
(i) Charitable remainder trusts. The fair market value of a
remainder interest in a pooled income fund, as defined in
�1.642(c)-5 of this chapter, is its value determined under
�1.642(c)-6T(e) of this chapter (see �1.642(c)-6A for certain prior
periods). The fair market value of a remainder interest in a
charitable remainder annuity trust, as described in �1.664-2(a) of
this chapter, is its present value determined under �1.664- 2(c) of
this chapter. The fair market value of a remainder interest in a
charitable remainder unitrust, as defined in �1.664-3 of this
chapter, is its present value determined under �1.664-4T(e) of this
chapter. The fair market value of a life interest or term for years
in a charitable remainder unitrust is the fair market value of the
property as of the date of transfer less the fair market value of
the remainder interest, determined under �1.664-4T(e)(4) and (5) of
this chapter.
(ii) Ordinary remainder and reversionary interests. If the interest
to be valued is to take effect after a definite number of years or
after the death of one individual, the present value of the interest
is computed by multiplying the value of the property by the
appropriate remainder interest actuarial factor (that corresponds to
the applicable section 7520 interest rate and remainder interest
period) in Table B (for a term certain) or the appropriate Table S
(for one measuring life), as the case may be. Table B is contained
in �20.2031-7(d) of this chapter and Table S (for one measuring life
when the valuation date is after April 30, 1999) is included in
�20.2031-7T(d)(7) of this chapter and Internal Revenue Service
Publication 1457. See �20.2031-7A(e)(4) of this chapter containing
Table S and Life Table 80CNSMT for valuation of interests after
April 30, 1989, and before May 1, 1999. For information about
obtaining actuarial factors for other types of remainder interests,
see paragraph (d)(4) of this section.
(iii) Ordinary term-of-years and life interests. If the interest to
be valued is the right of a person to receive the income of certain
property, or to use certain nonincome-producing property, for a term
of years or for the life of one individual, the present value of the
interest is computed by multiplying the value of the property by the
appropriate term-of-years or life interest actuarial factor (that
corresponds to the applicable section 7520 interest rate and term-
of-years or life interest period). Internal Revenue Service
Publication 1457 includes actuarial factors for an interest for a
term of years in Table B and for the life of one individual in Table
S (for one measuring life when the valuation date is after April 30,
1999). However, term-of-years and life interest actuarial factors
are not included in Table B in �20.2031-7(d)(6) or Table S in
�20.2031-7T(d)(7) (or in �20.2031-7A(e)(4)) of this chapter. If
Internal Revenue Service Publication 1457 (or any other reliable
source of term-of-years and life interest actuarial factors) is not
conveniently available, an actuarial factor for the interest may be
derived mathematically. This actuarial factor may be derived by
subtracting the correlative remainder factor (that corresponds to
the applicable section 7520 interest rate and the term of years or
the life) in Table B (for a term of years) in �20.2031-7(d)(6) of
this chapter or in Table S (for the life of one individual) in
�20.2031-7T(d)(7) of this chapter, as the case may be, from
1.000000. For information about obtaining actuarial factors for
other types of term-of-years and life interests, see paragraph (d)
(4) of this section.
(iv) Annuities. (A) If the interest to be valued is the right of a
person to receive an annuity that is payable at the end of each year
for a term of years or for the life of one individual, the present
value of the interest is computed by multiplying the aggregate
amount payable annually by the appropriate annuity actuarial factor
(that corresponds to the applicable section 7520 interest rate and
annuity period). Internal Revenue Service Publication 1457 includes
actuarial factors in Table B (for an annuity payable for a term of
years) and in Table S (for an annuity payable for the life of one
individual when the valuation date is after April 30, 1999).
However, annuity actuarial factors are not included in Table B in
�20.2031-7(d)(6) of this chapter or Table S in �20.2031-7T(d)(7) (or
in �20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service
Publication 1457 (or any other reliable source of annuity actuarial
factors) is not conveniently available, an annuity factor for a term
of years or for one life may be derived mathematically. This annuity
factor may be derived by subtracting the applicable remainder factor
(that corresponds to the applicable section 7520 interest rate and
annuity period) in Table B (in the case of a term-of-years annuity)
in �20.2031- 7(d)(6) of this chapter or in Table S (in the case of a
one-life annuity) in �20.2031- 7T(d)(7) of this chapter, as the case
may be, from 1.000000 and then dividing the result by the applicable
section 7520 interest rate expressed as a decimal number. See
�20.2031-7T(d)(2)(iv) of this chapter for an example that
illustrates the computation of the present value of an annuity.
(B) If the annuity is payable at the end of semiannual, quarterly,
monthly, or weekly periods, the product obtained by multiplying the
annuity factor by the aggregate amount payable annually is then
multiplied by the applicable adjustment factor set forth in Table K
in �20.2031-7(d)(6) of this chapter at the appropriate interest rate
component for payments made at the end of the specified periods. The
provisions of this paragraph (d)(2)(iv)(B) are illustrated by the
following example:
Example. In July, the donor agreed to pay the annuitant the sum of
$10,000 per year, payable in equal semiannual installments at the
end of each period. The semiannual installments are to be made on
each December 31st and June 30th. The annuity is payable until the
annuitant's death. On the date of the agreement, the annuitant is 68
years and 5 months old. The donee annuitant's age is treated as 68
for purposes of computing the present value of the annuity. The
section 7520 rate on the date of the agreement is 10.6 percent.
Under Table S in �20.2031-7T(d)(7) of this chapter, the factor at
10.6 percent for determining the present value of a remainder
interest payable at the death of an individual aged 68 is .29691.
Converting the remainder factor to an annuity factor, as described
above, the annuity factor for determining the present value of an
annuity transferred to an individual age 68 is 6.6329 (1.00000 minus
.29691 divided by .106). The adjustment factor from Table K in
�20.2031-7(d)(6) of this chapter in the column for payments made at
the end of each semiannual period at the rate of 10.6 percent is
1.0258. The aggregate annual amount of the annuity, $10,000, is
multiplied by the factor 6.6329 and the product multiplied by
1.0258. The present value of the donee's annuity is, therefore,
$68,040.29 ($10,000 X.107 6.6329 X 1.0258).
(C) If an annuity is payable at the beginning of annual, semiannual,
quarterly, monthly, or weekly periods for a term of years, the value
of the annuity is computed by multiplying the aggregate amount
payable annually by the annuity factor described in paragraph (d)(2)
(iv)(A) of this section; and the product so obtained is then
multiplied by the adjustment factor in Table J in �20.2031-7(d)(6)
of this chapter at the appropriate interest rate component for
payments made at the beginning of specified periods. If an annuity
is payable at the beginning of annual, semiannual, quarterly,
monthly, or weekly periods for one or more lives, the value of the
annuity is the sum of the first payment plus the present value of a
similar annuity, the first payment of which is not to be made until
the end of the payment period, determined as provided in paragraph
(d)(2)(iv)(B) of this section.
(v) Annuity and unitrust interests for a term of years or until the
prior death of an individual--(A) Annuity interests. The present
value of an annuity interest that is payable until the earlier to
occur of the lapse of a specific number of years or the death of an
individual may be computed with values from the tables in
��20.2031-7(d)(6) and 20.2031-7T(d)(7) of this chapter as described
in the following example:
Example. The donor transfers $100,000 into a trust and retains the
right to receive an annuity from the trust in the amount of $6,000
per year, payable in equal semiannual installments at the end of
each period. The semiannual installments are to be made on each June
30th and December 31st. The annuity is payable for 10 years or until
the donor's prior death. At the time of the transfer, the donor is
59 years and 6 months old. The donor's age is taken as 60 for
purposes of computing the present value of the retained annuity. The
section 7520 rate for the month in which the transfer occurred is
9.8 percent. The present value of the donor's retained interest is
$35,709.13, determined as follows:
TABLE S value at 9.8 percent, age 60 ...... . 21669
TABLE S value at 9.8 percent, age 70 ...... . 34762
TABLE 90CM value at age 70 .................. 71357
TABLE 90CM value at age 60 .................. 85537
TABLE B value at 9.8 percent, 10 years .... .392624
TABLE K value at 9.8 percent ............... 1.0239
Factor for donor's retained interest at 9.8 percent:
(1.00000 - .21669) - (.392624 X (71357/85537) X (1.00000 - .34762))
= 5.8126 .098 Present value of donor's retained interest:
($6,000 X 5.8126 X 1.0239) ................$35,709.13
(B) Unitrust interests. The present value of a unitrust interest
that is payable until the earlier to occur of the lapse of a
specific number of years or the death of an individual may be
computed with values from the tables in ��1.664-4(e)(6) and 1.664-
4T(e)(7) of this chapter as described in the following example:
Example. The donor who, as of the nearest birthday, is 60 years old,
transfers $100,000 to a unitrust on January 1 . The trust instrument
requires that each year the st trust pay to the donor, in equal
semiannual installments on June 30th and December 31st, 6 percent of
the fair market value of the trust assets, valued as of January 1st
each year, for 10 years or until the prior death of the donor. The
section 7520 rate for the January in which the transfer occurred is
9.8 percent. Under Table F(9.8) in �1.664-4(e)(6) of this chapter,
the appropriate adjustment factor is .932539 for semiannual payments
payable at the end of the semiannual period. The adjusted payout
rate is 5.595 percent (6% X .932539). The present value of the
donor's retained interest is $40,848.00 determined as follows:
TABLE U(1) value at 5.6 percent, age 60 ..... .35375
TABLE U(1) value at 5.6 percent, age 70 ..... .49342
TABLE 90CM value at age 70 ................... 71357
TABLE 90CM value at age 60 ................... 85537
TABLE D value at 5.6 percent, 10 years ..... .561979
Factor for donor's retained interest at 5.6 percent:
(1.000000 - .35375) - (.561979 X (71357/85537) X (1.000000 -
.49342)) = ...................................40876.109
TABLE U(1) value at 5.4 percent, age 60 ...... 36542
TABLE U(1) value at 5.4 percent, age 70 ...... 50473
TABLE 90CM value at age 70 ................... 71357
TABLE 90CM value at age 60 ................... 85537
TABLE D value at 5.4 percent, 10 years ...... 573999
Factor for donor's retained interest at 5.4 percent:
(1.000000 - .36542) - (.573999 X (71357/85537) X (1.000000 -
.50473)) = .39742 Difference ... .01134
Interpolation adjustment:
5.595% - 5.4% = x
0.2% .01134
x = .01106
Factor at 5.4 percent, age 60 ........... . 39742
Plus: Interpolation adjustment ......... . 01106
Interpolated Factor ........................ .40848
Present value of donor's retained interest:
($100,000 X .40848) ...... $40,848.00
(3) Transitional rule. If the valuation date of a transfer of
property by gift is after April 30, 1999, and before July 1, 1999,
the fair market value of the interest transferred is determined by
use of the section 7520 interest rate for the month in which the
valuation date occurs (See ��25.7520-1(b) and 25.7520-2(a)(2)) and
the appropriate actuarial tables under either paragraph (d)(2) of
this section or �25.2512-5A(e), at the option of the donor. However,
with respect to each individual transaction and with respect to all
transfers occurring on the valuation date, the donor must use the
same actuarial tables (e.g., gift and income tax charitable
deductions with respect to the same transfer must be determined
based on the same tables, and all transfers made on the same date
must be valued based on the same tables).
(4) Publications and actuarial computations by the Internal Revenue
Service.
Many standard actuarial factors not included in �20.2031-7(d)(6) or
�20.2031-7T(d)(7) of this chapter are included in Internal Revenue
Service Publication 1457, "Actuarial Values, Book Aleph," (1999).
Internal Revenue Service Publication 1457 also includes examples
that illustrate how to compute many special factors for more unusual
situations. A copy of this publication is available for purchase
from the Superintendent of Documents, United States Government
Printing Office, Washington, DC 20402. If a special factor is
required in the case of a completed gift, the Service may furnish
the factor to the donor upon a request for a ruling. The request for
a ruling must be accompanied by a recitation of the facts including
a statement of the date of birth for each measuring life, the date
of the gift, any other applicable dates, and a copy of the will,
trust, or other relevant documents. A request for a ruling must
comply with the instructions for requesting a ruling published
periodically in the Internal Revenue Bulletin (see ��601.201 and
601.601(d)(2)(ii)(b) of this chapter) and include payment of the
required user fee.
(e) Effective dates. This section applies after April 30, 1999.
Par. 27. The undesignated centerheading immediately following
�25.2518-3 is revised to read as follows:
Actuarial Tables Applicable Before May 1, 1999 Par. 28. Section
25.2512-5A is amended by:
1. Revising the section heading.
2. Adding paragraph (e).
The revision and addition read as follows:
�25.2512-5A Valuation of annuities, unitrust interests, interests
for life or term of years, and remainder or reversionary interests
transferred before May 1, 1999.
* * * * *
(e) Valuation of annuities, unitrust interests, interests for life
or term of years, and remainder or reversionary interests
transferred after April 30, 1989, and before May 1, 1999--(1) In
general. Except as otherwise provided in ��25.2512-5(b) and
25.7520-3(b) (pertaining to certain limitations on the use of
prescribed tables), if the valuation date of the transferred
interest is after April 30, 1989, and before May 1, 1999, the fair
market value of annuities, unitrust interests, life estates, terms
of years, remainders, and reversions transferred by gift is the
present value of the interests determined by use of standard or
special section 7520 actuarial factors and the valuation methodology
described in �25.2512-5T(d). Sections 20.2031-7(d)(6) and
20.2031-7A(e)(4) of this chapter and related sections provide tables
with standard actuarial factors and examples that illustrate how to
use the tables to compute the present value of ordinary annuity,
life, and remainder interests in property. These sections also refer
to standard and special actuarial factors that may be necessary to
compute the present value of similar interests in more unusual fact
situations. These factors and examples are also generally applicable
for gift tax purposes in computing the values of taxable gifts.
(2) Transitional rule. (i) If the valuation date of a transfer of an
interest in property by gift is after April 30, 1989, and before
June 10, 1994, a donor can rely on Notice 89-24 (1989-1 C.B. 660),
or Notice 89-60 (1989-1 C.B. 700), in valuing the transferred
interest. (See �601.601(d)(2)(ii)(b) of this chapter.)
(ii) If a donor transferred an interest in property by gift after
December 31, 1988, and before May 1, 1989, retaining an interest in
the same property, and after April 30, 1989, and before January 1,
1990, transferred the retained interest in property, the donor may,
at the option of the donor, value the transfer of the retained
interest under this paragraph (e) or paragraph (d) of this section.
(3) Publications and actuarial computations by the Internal Revenue
Service.
Many standard actuarial factors not included in ��20.2031-7(d)(6)
and 20.2031- 7A(e)(4) of this chapter are included in Internal
Revenue Service Publication 1457, "Actuarial Values, Alpha Volume,"
(8-89). Internal Revenue Service Publication 1457 also includes
examples that illustrate how to compute many special factors for
more unusual situations. Publication 1457 is no longer available for
purchase from the Superintendent of Documents, United States
Government Printing Office, Washington, DC 20402. However, pertinent
factors in this publication may be obtained from:
CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue
Service, POB 7604, Ben Franklin Station, Washington, DC 20044. If a
special factor is required in the case of a completed gift, the
Internal Revenue Service may furnish the factor to the donor upon a
request for a ruling. The request for a ruling must be accompanied
by a recitation of the facts including a statement of the date of
birth for each measuring life, the date of the gift, any other
applicable dates, and a copy of the will, trust, or other relevant
documents. A request for a ruling must comply with the instructions
for requesting a ruling published periodically in the Internal
Revenue Bulletin (see ��601.201 and 601.601(d)(2)(ii)(b) of this
chapter) and include payment of the required user fee.
Par. 29. Section 25.7520-1 is amended as follows:
1. Paragraph (b)(2), the last two sentences are revised.
2. The headings for paragraphs (c)(1) and (c)(2) are revised.
3. Paragraph (c)(2) introductory text is revised.
4. Paragraph (c)(2)(iii) is amended by removing the first two
sentences and adding one sentence in their place.
5. Paragraph (d) is revised.
The revised and added provisions read as follows:
�25.7520-1 Valuation of annuities, unitrust interests, interests for
life or term of years, and remainder or reversionary interests.
* * * * *
(b) * * *
(2) * * * For gifts with valuation dates after April 30, 1989, and
before May 1, 1999, the mortality component table (Table 80CNSMT) is
included in �20.2031- 7A(e)(4) of this chapter. See �20.2031-7A(a)
through (d) of this chapter for mortality component tables
applicable to decedents' estates with valuation dates before May 1,
1989.
(c) * * *
(1) Regulations sections containing tables with interest rates
between 4.2 and 14 percent for valuation dates after April 30, 1989,
and before May 1, 1999. * * *
(2) Internal Revenue Service publications containing tables with
interest rates between 2.2. and 26 percent for valuation dates after
April 30, 1989, and before May 1, 1999. The following publications
are no longer available from the Superintendent of Documents,
however, they may be obtained from: CC:DOM:CORP:R, room 5226,
Internal Revenue Service, POB 7604, Ben Franklin Station,
Washington, DC 20044:
* * * * *
(iii) Internal Revenue Service Publication 1459, "Actuarial Values,
Gamma Volume," (8-89). * * * (d) Effective date. This section
applies after April 30, 1989, and before May 1, 1999.
Par. 30. Section 25.7520-1T is added to read as follows:
�25.7520-1T Valuation of annuities, unitrust interests, interests
for life or term of years, and remainder or reversionary interests
(temporary).
(a) through (b) (1) [Reserved]. For further guidance, see
�25.7520-1(a) through (b)(1).
(b)(2) Mortality component. The mortality component reflects the
mortality data most recently available from the United States
Census. As new mortality data becomes available after each decennial
census, the mortality component described in this section will be
revised periodically and the mortality component tables will be
published in the regulations at that time. For gifts with valuation
dates after April 30, 1999, the mortality component table (Table
90CM) is included in �20.2031-7T(d)(7) of this chapter. See
�20.2031-7A of this chapter for mortality component tables
applicable to decedent's estates with valuation dates before May 1,
1999.
(c) [Reserved]. For further guidance, see �25.7520-1(c).
(1) Regulation sections containing tables with interest rates
between 4.2 and 14 percent for valuation dates after April 30, 1999.
Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for
determining the present value of a single life remainder interest in
a pooled income fund as defined in �1.642(c)-5 of this chapter.
See �1.642(c)-6A for actuarial factors for one life applicable to
valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this
chapter contains Table F (payout factors) and Table D (actuarial
factors used in determining the present value of a remainder
interest postponed for a term of years). Section 1.664-4T(e)(7) of
this chapter contains, Table U(1) (actuarial factors for one life).
These tables are used in determining the present value of a
remainder interest in a charitable remainder unitrust as defined in
�1.664-3 of this chapter. See �1.664-4A for actuarial factors for
one life applicable to valuation dates before May 1, 1999. Section
20.2031-7(d)(6) of this chapter contains Table B (actuarial factors
used in determining the present value of an interest for a term of
years), Table K (annuity end-of-interval adjustment factors), Table
J (term certain annuity beginning-of-interval adjustment factors).
Section 20.2031-7T(d)(7) of this chapter contains Table S (actuarial
factors for one life) and Table 90CM (mortality components). These
tables are used in determining the present value of annuities, life
estates, remainders, and reversions. See �20.2031-7A of this chapter
for actuarial.116 factors for one life and mortality components
applicable to valuation dates before May 1, 1999.
(2) Internal Revenue Service publications containing tables with
interest rates between 2.2 and 26 percent for valuation dates after
April 30, 1999. The following documents are available for purchase
from the Superintendent of Documents, United States Government
Printing Office, Washington, DC 20402:
(i) Internal Revenue Service Publication 1457, "Actuarial Values,
Book Aleph," (1999). This publication includes tables of valuation
factors, as well as examples that show how to compute other
valuation factors, for determining the present value of annuities,
life estates, terms of years, remainders, and reversions, measured
by one or two lives. These factors may also be used in the valuation
of interests in a charitable remainder annuity trust as defined in
�1.664-2 of this chapter (Income Tax Regulations) and a pooled
income fund as defined in �1.642(c)-5 of this chapter.
(ii) Internal Revenue Service Publication 1458, "Actuarial Values,
Book Beth," (1999). This publication includes term certain tables
and tables of one and two life valuation factors for determining the
present value of remainder interests in a charitable remainder
unitrust as defined in �1.664-3 of this chapter.
(iii) Internal Revenue Service Publication 1459, "Actuarial Values,
Book Gimel," (1999). This publication includes tables for computing
depreciation adjustment factors.
See �1.170A-12T of this chapter.
(d) Effective date. This section applies after April 30, 1999.
Par. 31. Section 25.7520-3 is amended as follows:.117 1. In
paragraph (b)(2)(v), Example 5 is revised.
2. In paragraph (b)(4), the Example is revised.
The revised examples read as follows:
�25.7520-3 Limitation on the application of section 7520.
* * * * *
(b) * * *
(2) * * *
(v) * * *
Example 5. Eroding corpus in an annuity trust. (i) The donor, who is
age 60 and in normal health, transfers property worth $1,000,000 to
a trust. The trust will pay a 10 percent ($100,000 per year) annuity
to a charitable organization for the life of the donor, payable
annually at the end of each period, and the remainder will be
distributed to the donor's child. The section 7520 rate for the
month of the transfer is 6.8 percent.
First, it is necessary to determine whether the annuity may exhaust
the corpus before all annuity payments are made. Because it is
assumed that any measuring life may survive until age 110, any life
annuity could require payments until the measuring life reaches age
110. Based on a section 7520 interest rate of 6.8 percent, the
determination of whether the annuity may exhaust the corpus before
the annuity payments are made is computed as follows:
Age to which life annuity may continue.............. 110
less: Age of measuring life at date of transfer..... 60
Number of years annuity may continue................ 50
Annual annuity payment............................. $100,000.00
times: Annuity factor for 50 years
derived from Table B................................ 14.1577
Present value of term certain annuity.............. $1,415,770.00
(ii) Since the present value of an annuity for a term of 50 years
exceeds the corpus, the annuity may exhaust the trust before all
payments are made.
Consequently, the annuity must be valued as an annuity payable for a
term of years or until the prior death of the annuitant, with the
term of years determined by when the fund will be exhausted by the
annuity payments..118 (iii) Using factors based on Table 90CM at 6.8
percent (see �20.2031-7T(d)(7) of this chapter), it is determined
that the fund will be sufficient to make 17 annual payments, but not
to make the entire 18th payment. Specifically, the initial corpus
will be able to make payments of $67,287.26 per year for 17 years
plus payments of $32,712.74 per year for 18 years. The annuity is
valued by adding the value of the two separate temporary annuities.
(iv) Based on Table H of Publication 1457 (a copy of this
publication may be purchased from the Superintendent of Documents,
United States Government Printing Office, Washington, DC 20402), the
present value of an annuity of $67,287.26 per year payable for 17
years or until the prior death of a person aged 60 is $588,016
($67,287.26 X 8.7389). The present value of an annuity of $32,712.74
per year payable for 18 years or until the prior death of a person
aged 60 is $292,196.74 ($32,712.74 X 8.9322). Thus, the present
value of the charitable annuity interest is $880,213.38 ($588,016.64
+ $292,196.74).
* * * * *
(4) * * *
Example. Terminal illness. The donor transfers property worth
$1,000,000 to a child in exchange for the child's promise to pay the
donor $103,000 per year for the donor's life, payable annually at
the end of each period. The donor is age 60 but has been diagnosed
with an incurable illness and has at least a 50 percent probability
of dying within 1 year. The section 7520 interest rate for the month
of the transfer is 10.6 percent, and the standard annuity factor at
that interest rate for a person age 60 in normal health is 7.5590.
Thus, if the donor were not terminally ill, the present value of the
annuity would be $778,577 ($103,000 X 7.5590). Assuming the
presumption provided in paragraph (b)(3) of this section does not
apply, because there is at least a 50 percent probability that the
donor will die within 1 year, the standard section 7520 annuity
factor may not be used to determine the present value of the donor's
annuity interest. Instead, a special section 7520 annuity factor
must be computed that takes into account the projection of the
donor's actual life expectancy.
* * * * * Par. 32. In the list below, for each section indicated in
the left column, remove the language in the middle column and add
the language in the right column:
Section Remove Add
1.170A-6(c)(5) 1970 1971 Example (1) first and last sentence
1.170A-6(c)(5) 1970 Example (2)(a) first sentence
1.170A-6(c)(5) 1970 1971 Example (3)(a) first, sixth, seventh and
eighth sentences
1.170A-6(c)(5) 1971 1972 Example (3)(a) seventh and eighth sentences
1.170A-6(c)(5) 1972 1973 Example (3)(a) seventh and eighth sentences
1.170A-6(c)(5) 1970 1971 Example (3)(b) introductory text
1.170A-6(c)(5) Jan. 1,1970 Jan. 1,1971 Example (3)(b) Table headings
1.170A-6(c)(5) Dec. 31, 1970 Dec. 31, 1971 Example (3)(b) column 1
of table
1.170A-6(c)(5) Dec. 31, 1971 Dec. 31, 1972 Example (3)(b) column 1
of table
1.170A-6(c)(5) Dec. 31, 1972 Dec. 31, 1973 Example (3)(b) column 1
of table.120
1.170A-6(c)(5) 1972 1973 Example (3)(c)
1.170A-6(c)(5) 1972 1973 Example (3)(d)
1.170A-12(b)(2) factor factor before May 1, 1999 paragraph heading
1.170A-12(b)(2) April 30, 1989, April 30, 1989, and fourth sentence
before May 1, 1999,
1.170A-12(b)(2) CC:DOM:CORP:T:R CC:DOM:CORP:R sixth sentence
1.170A-12(b)(2) room 5228 room 5226 sixth sentence
1.170A-12(c) paragraph (f) of �20.2031-7(d)(6) first sentence such
sections of this chapter
1.170A-12(e)(2) Table 80CNSMT Table 90CM following the formula in
�20.2031-7 in �20.2031-7T
1.170A-12(e)(3) E:A:G OP:E:EP:A:1 last sentence
1.170A-14(h)(4), December 1, 1983 May 1, 1999
Example 2, fourth sentence
1.642(c)-6A(e)(2)(i) �20.2031-7(d)(6) �20.2031-7A(e)(4)
1.664-1(a)(5)(ii)(b)(1) column 2 of Table D Table D in �1.664-4(e)
(6) In �1.664-4A(d)(6)
1.664-1(a)(5)(iv) (iii) of this section: (ii) of this section:
introductory text
1.664-1(a)(6) �1.664-4(e), �1.664-4(A) ��1.664-4T(e), 1.664-4T(e)
and introductory text (d), and former �1.664-4 1.664-4A(d) and (e)
(d) (as contained in the 26 CFR part 1 edition revised as of April
1, 1994)
1.664-2(c) April 30, 1989 April 30, 1999
1.664-2(c) �20.2031-7A(a) �20.2031-7A (a) through (e) sixth sentence
through (d)
1.664-2(c) May 1, 1989 May 1, 1999 sixth sentence
1.664-2(c) last sentence
1.7520-1(a)(2) 1989, see �1.642(c)-6(e) 1999, see �1.642(c)-6T(e)
1.7520-1(a)(3) (or, for certain prior last sentence periods,
�1.664-4A)
1.7520-1(c)(1) Section 1.642(c)-6(e)(4) Section 1.642(c)-6A(e)(5)
first sentence
1.7520-1(c)(1) Section 1.664-4(e)(6) Sections 1.664-4(e)(6) and
second sentence contains 1.664-4A(e)(6) contain
1.7520-1(c)(1) Section 20.2031-7(d)(6) Sections 20.2031-7(d)(6) and
third sentence of this chapter (Estate 20.2031-7A(e)(4) of this
chapter Tax Regulations) contain contains
20.2032-1(f)(1) paragraph (d) of �20.2031-7A(d)(4) fourth sentence
�20.2031-7(A)(d)
20.2055-2(f)(2)(iv) �20.2031-10(f) �20.2031-7A(d) Example (1) second
sentence
20.2055-2(f)(2)(iv) �20.2031-10(f) �20.2031-7A(d) Example (2) second
sentence
20.2055-2(f)(2)(iv) �20.2031-10(e) �20.2031-7A(c) Example (3) second
sentence
20.2055-2(f)(2)(iv) �20.2031-10(f) �20.2031-7A(d) Example (3) third
sentence.122 20.2056A-4(c)(4)(ii)(B) Alpha Volume Book Aleph
penultimate sentence
20.2056A-4(d), Alpha Volume Book Aleph Example 4(iii) second
sentence
20.7520-1(a)(2) 1989, see �1.642(c)-6(e) 1999, see �1.642(c)-6T(e)
20.7520-1(a)(3) (or, for certain prior second sentence periods,
�1.664-4A)
20.7520-1(c)(1) Section 1.642(c)-6(e)(4) Section 1.642(c)-6A(e)(5)
first sentence
20.7520-1(c)(1) Section 1.664-4(e)(6) Sections 1.664-4(e)(6) and
second sentence of this chapter contains 1.664-4A(e)(6) of this
chapter contain
20.7520-1(c)(1) Section 20.2031-7(d)(6) Sections 20.2031-7(d)(6) and
third sentence contains 20.2031-7A(e)(4) contain
25.7520-1(a)(2) 1989, see �1.642(c)-6(e) 1999, see �1.642(c)-6T(e)
25.7520-1(a)(3) (or, for certain prior last sentence periods,
�1.664-4A)
25.7520-1(c)(1) Section 1.642(c)-6(e)(4) Section 1.642(c)-6A(e)(5)
first sentence.25.7520-1(c)(1) Section 1.664-4(e)(6) Sections
1.664-4(e)(6) and second sentence of this chapter contains
1.664-4A(e)(6) of this chapter contain
25.7520-1(c)(1) Section 20.2031-7(d)(6) Sections 20.2031-7(d)(6) and
third sentence (Estate Tax Regulations) 20.2031-7A(e)(4) contain
contains
Robert E. Wenzel
Deputy Commissioner of Internal Revenue
Approved: April 21, 1999
Donald C. Lubick
Assistant Secretary of the Treasury
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