[4830-01-u

]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1, 20, and 25
[TD 8819]
RIN 1545-AX14
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).

2
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)

3
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
Period

Interest
Rate

Regulation
Section

Valuation, in general

-

1.642(c)-6

before 01/01/52
01/01/52 - 12/31/70
01/01/71 - 11/30/83
12/01/83 - 04/30/89
05/01/89 - 04/30/99
after 04/30/99

4%
3.5%
6%
10%
§7520
§7520

Table

Section 642:

1.642(c)-6A(a)
1.642(c)-6A(b)
1.642(c)-6A(c)
1.642(c)-6A(d)
1.642(c)-6A(e)
1.642(c)-6T(e)

Section 664:
Valuation, in general

-

1.664-4

Table G
Table S (5/1/89 - 4/30/99)
Table S (after 04/30/99)

4
before 01/01/52
01/01/52 - 12/31/70
01/01/71 - 11/30/83
12/01/83 - 04/30/89
05/01/89 - 04/30/99
after 04/30/99

4%
3.5%
6%
10%
§7520
§7520

1.664-4A(a)
1.664-4A(b)
1.664-4A(c)
1.664-4A(d)
1.664-4A(e)
1.664-4T(e)
1.664-4(e)

Table E, Table F(1)
Table U(1) (5/1/89 - 4/30/99)
Table U(1) (after 04/30/99)
Table D and
Tables F(4.2) - F(14.0)

Section 2031:
Valuation, in general
before 01/01/52
01/01/52 - 12/31/70
01/01/71 - 11/30/83
12/01/83 - 04/30/89
05/01/89 - 04/30/99
after 04/30/99

4%
3.5%
6%
10%
§7520
§7520

20.2031-7
20.2031-7A(a)
20.2031-7A(b)
20.2031-7A(c)
20.2031-7A(d) Table A, Table B, Table LN
20.2031-7A(e) Table S (5/1/89 - 4/30/99)
Life Table 80CNSMT
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
before 01/01/52
01/01/52 - 12/31/70
01/01/71 - 11/30/83
12/01/83 - 04/30/89
05/01/89 - 04/30/99
after 04/30/99

4%
3.5%
6%
10%
§7520
§7520

25.2512-5
25.2512-5A(a)
25.2512-5A(b)
25.2512-5A(c)
25.2512-5A(d)
25.2512-5A(e)
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

5
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

6
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:

8
§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

9
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:

1 t
i  n −1 ( t +1)  1x + t + 1   1x + t  

− 
 − 1 −
  1 −
 1 +  ∑ v  1 −
 2  t =0
1x  
1x   2n n 


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

10
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

11
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
Before
After

S
12-31-51
12-31-70
11-30-83
04-30-89

01-01-52
01-01-71
12-01-83
05-01-89
05-01-99

Applicable
Regulations
1.642(c)-6A(a)
1.642(c)-6A(b)
1.642(c)-6A(c)
1.642(c)-6A(d)
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

12
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

13
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

14
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.

15
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%
0.2%

=

x

=

x
.00448
.00157

Factor at 9.4 percent for age 55 ......... .17449
Less: Interpolation adjustment ............ .00157
Interpolated factor ............................... .17292
Present value of remainder interest:

16
($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:

17
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
6
7
8
9

.07040
.07310
.07594
.07891
.08203

.06331
.06583
.06849
.07129
.07423

.05705
.05941
.06191
.06453
.06731

.05152
.05372
.05607
.05853
.06115

.04662
.04869
.05089
.05321
.05567

.04229
.04422
.04628
.04846
.05079

.03845
.04025
.04219
.04424
.04643

.03503
.03672
.03854
.04046
.04253

.03199
.03357
.03528
.03709
.03904

.02928
.03076
.03236
.03407
.03592

10
11
12
13
14

.08532
.08875
.09233
.09601
.09974

.07734
.08059
.08398
.08748
.09102

.07024
.07331
.07653
.07985
.08322

.06392
.06683
.06989
.07304
.07624

.05829
.06104
.06394
.06693
.06997

.05326
.05587
.05862
.06146
.06435

.04877
.05124
.05385
.05655
.05929

.04474
.04709
.04957
.05214
.05474

.04114
.04336
.04572
.04816
.05064

.03790
.04002
.04226
.04458
.04694

15
16
17
18
19

.10350
.10728
.11108
.11494
.11889

.09460
.09818
.10179
.10545
.10921

.08661
.09001
.09344
.09691
.10047

.07946
.08268
.08592
.08921
.09259

.07303
.07608
.07916
.08227
.08548

.06725
.07014
.07306
.07601
.07904

.06204
.06479
.06755
.07034
.07322

.05735
.05996
.06257
.06521
.06794

.05312
.05559
.05807
.06057
.06315

.04930
.05164
.05399
.05636
.05880

20
21
22
23
24

.12298
.12722
.13159
.13613
.14084

.11310
.11713
.12130
.12563
.13014

.10417
.10801
.11199
.11612
.12043

.09610
.09976
.10354
.10748
.11160

.08881
.09228
.09588
.09964
.10357

.08220
.08550
.08893
.09250
.09625

.07622
.07935
.08260
.08601
.08958

.07078
.07375
.07685
.08009
.08349

.06584
.06866
.07160
.07468
.07793

.06135
.06403
.06682
.06975
.07284

25
26
27
28
29

.14574
.15084
.15615
.16166
.16737

.13484
.13974
.14485
.15016
.15567

.12493
.12963
.13454
.13965
.14497

.11591
.12041
.12513
.13004
.13516

.10768
.11199
.11652
.12124
.12617

.10018
.10431
.10865
.11319
.11792

.09334
.09728
.10144
.10580
.11035

.08708
.09085
.09484
.09901
.10339

.08135
.08496
.08878
.09279
.09699

.07611
.07956
.08322
.08706
.09109

30
31
32
33
34

.17328
.17938
.18568
.19220
.19894

.16138
.16728
.17339
.17972
.18627

.15048
.15618
.16210
.16824
.17460

.14047
.14599
.15171
.15766
.16383

.13129
.13661
.14214
.14790
.15388

.12286
.12799
.13333
.13889
.14468

.11510
.12004
.12520
.13058
.13618

.10796
.11272
.11769
.12289
.12831

.10138
.10597
.11076
.11578
.12102

.09532
.09974
.10435
.10920
.11426

18
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
41
42
43
44

.24446
.25298
.26178
.27087
.28025

.23078
.23915
.24782
.25678
.26603

.21805
.22626
.23478
.24360
.25273

.20620
.21425
.22262
.23129
.24027

.19516
.20305
.21125
.21977
.22860

.18487
.19259
.20062
.20898
.21766

.17527
.18282
.19069
.19888
.20740

.16631
.17368
.18138
.18941
.19777

.15795
.16514
.17267
.18053
.18873

.15013
.15715
.16450
.17220
.18023

45
46
47
48
49

.28987
.29976
.30987
.32023
.33082

.27555
.28533
.29535
.30563
.31615

.26212
.27179
.28171
.29190
.30234

.24953
.25908
.26889
.27897
.28931

.23772
.24714
.25682
.26678
.27702

.22664
.23591
.24546
.25530
.26543

.21622
.22536
.23476
.24447
.25447

.20644
.21542
.22468
.23425
.24412

.19724
.20606
.21518
.22460
.23434

.18858
.19725
.20621
.21549
.22509

50
51
52
53
54

.34166
.35274
.36402
.37550
.38717

.32694
.33798
.34924
.36070
.37237

.31306
.32404
.33525
.34668
.35833

.29995
.31085
.32200
.33339
.34500

.28756
.29838
.30946
.32078
.33234

.27586
.28658
.29757
.30882
.32031

.26479
.27541
.28630
.29746
.30888

.25432
.26482
.27561
.28667
.29801

.24441
.25479
.26547
.27643
.28766

.23502
.24528
.25584
.26669
.27782

55
56
57
58
59

.39903
.41108
.42330
.43566
.44811

.38424
.39631
.40857
.42098
.43351

.37019
.38227
.39455
.40699
.41956

.35683
.36890
.38118
.39364
.40623

.34413
.35617
.36844
.38089
.39350

.33205
.34405
.35629
.36873
.38133

.32056
.33250
.34469
.35710
.36968

.30961
.32149
.33363
.34600
.35855

.29918
.31099
.32306
.33538
.34789

.28925
.30097
.31297
.32522
.33768

60
61
62
63
64

.46066
.47330
.48608
.49898
.51200

.44613
.45887
.47175
.48478
.49793

.43224
.44505
.45802
.47115
.48442

.41896
.43182
.44485
.45807
.47143

.40624
.41914
.43223
.44550
.45895

.39408
.40699
.42011
.43343
.44694

.38243
.39535
.40848
.42184
.43539

.37127
.38418
.39732
.41069
.42427

.36058
.37347
.38660
.39997
.41357

.35033
.36318
.37629
.38966
.40326

65
66
67
68
69
70

.52512
.53835
.55174
.56524
.57882
.59242

.51121
.52461
.53818
.55188
.56568
.57951

.49782
.51137
.52511
.53899
.55299
.56703

.48495
.49862
.51250
.52654
.54071
.55495

.47255
.48634
.50034
.51452
.52885
.54325

.46062
.47449
.48860
.50291
.51737
.53193

.44912
.46307
.47727
.49168
.50627
.52096

.43805
.45206
.46633
.48083
.49552
.51034

.42738
.44143
.45576
.47034
.48513
.50004

.41709
.43118
.44556
.46020
.47506
.49007

19
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
76
77
78
79

.65953
.67287
.68622
.69954
.71278

.64796
.66160
.67526
.68892
.70250

.63671
.65063
.66459
.67856
.69246

.62575
.63995
.65419
.66845
.68265

.61510
.62954
.64404
.65858
.67308

.60473
.61940
.63415
.64895
.66372

.59463
.60952
.62450
.63955
.65457

.58480
.59989
.61509
.63036
.64563

.57523
.59050
.60590
.62140
.63690

.56591
.58135
.59694
.61264
.62836

80
81
82
83
84

.72581
.73857
.75101
.76311
.77497

.71588
.72899
.74178
.75423
.76645

.70618
.71962
.73274
.74553
.75809

.69668
.71045
.72389
.73700
.74988

.68740
.70147
.71522
.72864
.74183

.67833
.69268
.70672
.72044
.73393

.66945
.68408
.69840
.71240
.72618

.66077
.67566
.69024
.70451
.71857

.65227
.66741
.68225
.69678
.71110

.64396
.65933
.67441
.68919
.70377

85
86
87
88
89

.78665
.79805
.80904
.81962
.82978

.77848
.79025
.80159
.81251
.82302

.77047
.78258
.79427
.80552
.81636

.76260
.77504
.78706
.79865
.80980

.75487
.76764
.77998
.79188
.80335

.74728
.76036
.77301
.78521
.79699

.73982
.75320
.76615
.77865
.79072

.73250
.74617
.75940
.77220
.78455

.72530
.73925
.75277
.76584
.77847

.71823
.73245
.74624
.75958
.77248

90
91
92
93
94

.83952
.84870
.85716
.86494
.87216

.83309
.84260
.85136
.85942
.86690

.82676
.83658
.84563
.85396
.86170

.82052
.83064
.83998
.84858
.85657

.81437
.82479
.83441
.84326
.85149

.80831
.81902
.82891
.83801
.84648

.80234
.81332
.82348
.83283
.84153

.79645
.80771
.81812
.82771
.83664

.79064
.80217
.81283
.82266
.83181

.78492
.79671
.80761
.81767
.82704

95
96
97
98
99

.87898
.88537
.89127
.89680
.90217

.87397
.88060
.88672
.89245
.89803

.86902
.87587
.88221
.88815
.89393

.86412
.87121
.87775
.88389
.88987

.85928
.86659
.87335
.87968
.88585

.85450
.86203
.86898
.87551
.88187

.84977
.85751
.86467
.87138
.87793

.84510
.85305
.86040
.86730
.87402

.84049
.84864
.85618
.86326
.87016

.83592
.84427
.85200
.85926
.86633

100
101
102
103
104

.90738
.91250
.91751
.92247
.92775

.90344
.90876
.91396
.91912
.92460

.89953
.90504
.91045
.91579
.92148

.89567
.90137
.90696
.91249
.91839

.89183
.89772
.90350
.90922
.91532

.88804
.89412
.90007
.90598
.91227

.88428
.89054
.89668
.90276
.90924

.88056
.88699
.89331
.89957
.90624

.87687
.88348
.88997
.89640
.90326

.87322
.88000
.88666
.89326
.90031

105
106
107
108
109

.93290
.93948
.94739
.95950
.97985

.92996
.93680
.94504
.95767
.97893

.92704
.93415
.94271
.95585
.97801

.92415
.93151
.94039
.95404
.97710

.92127
.92889
.93808
.95224
.97619

.91841
.92628
.93579
.95045
.97529

.91558
.92370
.93351
.94867
.97438

.91276
.92113
.93124
.94689
.97348

.90997
.91857
.92899
.94512
.97259

.90719
.91604
.92675
.94336
.97170

20
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
6
7
8
9

.02686
.02825
.02976
.03137
.03311

.02469
.02600
.02742
.02894
.03059

.02275
.02398
.02532
.02675
.02832

.02101
.02217
.02343
.02479
.02627

.01945
.02053
.02172
.02301
.02442

.01804
.01906
.02019
.02140
.02274

.01677
.01773
.01880
.01995
.02122

.01562
.01653
.01754
.01864
.01985

.01458
.01544
.01640
.01744
.01859

.01364
.01445
.01536
.01635
.01745

10
11
12
13
14

.03499
.03700
.03913
.04135
.04359

.03237
.03428
.03632
.03843
.04057

.03001
.03183
.03377
.03579
.03783

.02788
.02961
.03146
.03339
.03534

.02595
.02760
.02937
.03122
.03308

.02420
.02578
.02748
.02924
.03102

.02262
.02413
.02575
.02744
.02915

.02118
.02262
.02418
.02580
.02744

.01987
.02125
.02275
.02431
.02587

.01867
.02000
.02144
.02294
.02444

15
16
17
18
19

.04584
.04806
.05029
.05253
.05484

.04270
.04482
.04692
.04905
.05124

.03986
.04187
.04387
.04588
.04796

.03728
.03919
.04108
.04299
.04496

.03493
.03674
.03855
.04036
.04222

.03279
.03452
.03623
.03795
.03972

.03083
.03248
.03411
.03574
.03742

.02905
.03063
.03218
.03373
.03532

.02742
.02892
.03040
.03187
.03339

.02593
.02736
.02877
.03017
.03161

20
21
22
23
24

.05726
.05980
.06246
.06524
.06819

.05354
.05595
.05847
.06112
.06392

.05013
.05242
.05482
.05734
.06001

.04702
.04920
.05147
.05387
.05642

.04418
.04625
.04841
.05069
.05312

.04158
.04354
.04559
.04777
.05008

.03919
.04105
.04301
.04508
.04728

.03700
.03877
.04063
.04260
.04470

.03498
.03667
.03844
.04032
.04232

.03313
.03473
.03642
.03821
.04012

25
26
27
28
29

.07131
.07460
.07810
.08179
.08566

.06690
.07005
.07340
.07693
.08065

.06285
.06586
.06907
.07246
.07603

.05913
.06200
.06508
.06833
.07176

.05570
.05845
.06140
.06451
.06780

.05255
.05518
.05800
.06098
.06414

.04964
.05215
.05485
.05772
.06075

.04695
.04936
.05195
.05469
.05761

.04447
.04677
.04925
.05189
.05469

.04218
.04438
.04676
.04929
.05198

30
31
32
33
34

.08973
.09398
.09843
.10310
.10799

.08456
.08865
.09294
.09745
.10217

.07978
.08372
.08785
.09220
.09676

.07536
.07915
.08313
.08732
.09173

.07127
.07491
.07875
.08279
.08705

.06748
.07098
.07468
.07858
.08269

.06396
.06733
.07089
.07466
.07862

.06069
.06394
.06737
.07100
.07483

.05766
.06078
.06409
.06759
.07129

.05483
.05785
.06103
.06441
.06798

21
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
41
42
43
44

.14281
.14966
.15685
.16437
.17224

.13597
.14264
.14966
.15702
.16472

.12955
.13606
.14291
.15010
.15764

.12355
.12989
.13657
.14360
.15098

.11791
.12409
.13061
.13747
.14469

.11262
.11864
.12500
.13171
.13876

.10766
.11352
.11972
.12627
.13317

.10299
.10870
.11475
.12115
.12789

.09860
.10417
.11006
.11631
.12290

.09447
.09989
.10564
.11174
.11819

45
46
47
48
49

.18042
.18893
.19775
.20688
.21633

.17274
.18110
.18975
.19873
.20804

.16550
.17370
.18220
.19102
.20018

.15867
.16671
.17505
.18373
.19274

.15223
.16011
.16830
.17682
.18568

.14615
.15387
.16190
.17027
.17898

.14040
.14796
.15584
.16406
.17262

.13496
.14238
.15010
.15817
.16658

.12982
.13708
.14466
.15258
.16084

.12496
.13207
.13950
.14727
.15539

50
51
52
53
54

.22612
.23625
.24669
.25742
.26845

.21769
.22769
.23799
.24861
.25952

.20969
.21955
.22973
.24022
.25101

.20210
.21182
.22186
.23222
.24290

.19490
.20448
.21438
.22461
.23516

.18805
.19749
.20726
.21735
.22777

.18155
.19084
.20047
.21043
.22072

.17536
.18452
.19400
.20383
.21399

.16948
.17849
.18784
.19753
.20756

.16388
.17275
.18196
.19151
.20140

55
56
57
58
59

.27978
.29140
.30333
.31551
.32790

.27074
.28227
.29411
.30621
.31854

.26212
.27355
.28529
.29731
.30956

.25389
.26522
.27686
.28878
.30095

.24604
.25725
.26879
.28061
.29269

.23853
.24963
.26106
.27278
.28477

.23136
.24233
.25365
.26528
.27716

.22450
.23535
.24656
.25807
.26986

.21793
.22867
.23976
.25116
.26284

.21166
.22227
.23324
.24453
.25610

60
61
62
63
64

.34050
.35331
.36639
.37974
.39334

.33107
.34384
.35688
.37020
.38378

.32202
.33473
.34772
.36101
.37456

.31334
.32598
.33892
.35216
.36568

.30500
.31757
.33044
.34363
.35711

.29699
.30948
.32229
.33542
.34884

.28929
.30170
.31443
.32750
.34087

.28190
.29422
.30687
.31986
.33317

.27478
.28701
.29958
.31250
.32574

.26794
.28007
.29255
.30539
.31857

65
66
67
68
69
70

.40718
.42128
.43569
.45038
.46531
.48040

.39761
.41172
.42616
.44089
.45587
.47103

.38838
.40249
.41694
.43170
.44672
.46194

.37947
.39357
.40803
.42281
.43786
.45312

.37087
.38496
.39941
.41419
.42927
.44456

.36257
.37663
.39107
.40585
.42094
.43626

.35455
.36858
.38299
.39777
.41286
.42820

.34681
.36079
.37518
.38994
.40503
.42038

.33932
.35326
.36761
.38235
.39743
.41278

.33208
.34597
.36028
.37499
.39006
.40540

22
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
76
77
78
79

.55683
.57243
.58819
.60408
.62001

.54798
.56373
.57965
.59572
.61184

.53936
.55524
.57132
.58755
.60385

.53095
.54696
.56318
.57957
.59604

.52276
.53888
.55523
.57177
.58840

.51477
.53100
.54747
.56414
.58092

.50698
.52330
.53988
.55668
.57360

.49938
.51579
.53247
.54939
.56644

.49197
.50846
.52523
.54225
.55943

.48474
.50130
.51815
.53527
.55256

80
81
82
83
84

.63582
.65142
.66673
.68175
.69657

.62786
.64367
.65920
.67444
.68950

.62007
.63608
.65182
.66728
.68256

.61244
.62864
.64458
.66024
.67574

.60497
.62135
.63748
.65334
.66904

.59765
.61421
.63052
.64656
.66246

.59048
.60721
.62368
.63991
.65599

.58347
.60034
.61698
.63338
.64964

.57659
.59361
.61041
.62696
.64340

.56985
.58701
.60395
.62066
.63727

85
86
87
88
89

.71128
.72576
.73981
.75342
.76658

.70446
.71919
.73349
.74735
.76076

.69775
.71272
.72726
.74137
.75503

.69116
.70636
.72114
.73548
.74938

.68467
.70010
.71511
.72968
.74381

.67830
.69394
.70917
.72396
.73832

.67204
.68789
.70333
.71833
.73290

.66587
.68193
.69757
.71279
.72757

.65982
.67606
.69190
.70732
.72231

.65386
.67029
.68632
.70194
.71712

90
91
92
93
94

.77928
.79131
.80246
.81274
.82232

.77371
.78600
.79737
.80788
.81766

.76823
.78075
.79235
.80307
.81306

.76281
.77557
.78740
.79832
.80850

.75748
.77046
.78250
.79363
.80401

.75221
.76542
.77767
.78899
.79956

.74702
.76044
.77290
.78441
.79517

.74190
.75553
.76818
.77989
.79082

.73684
.75068
.76353
.77542
.78653

.73186
.74589
.75893
.77100
.78228

95
96
97
98
99

.83141
.83996
.84787
.85530
.86255

.82695
.83569
.84378
.85138
.85880

.82254
.83147
.83973
.84750
.85508

.81818
.82729
.83573
.84366
.85140

.81387
.82316
.83176
.83985
.84776

.80961
.81907
.82784
.83609
.84415

.80539
.81503
.82396
.83236
.84057

.80122
.81103
.82012
.82867
.83703

.79710
.80707
.81632
.82502
.83353

.79302
.80315
.81255
.82140
.83005

100
101
102
103
104

.86960
.87655
.88338
.89015
.89737

.86601
.87313
.88012
.88706
.89446

.86246
.86974
.87689
.88399
.89157

.85894
.86638
.87369
.88095
.88871

.85546
.86305
.87052
.87793
.88586

.85200
.85975
.86738
.87494
.88304

.84858
.85648
.86426
.87197
.88024

.84519
.85324
.86116
.86903
.87745

.84183
.85003
.85809
.86611
.87469

.83849
.84684
.85505
.86321
.87195

105
106
107
108
109

.90443
.91351
.92452
.94161
.97081

.90170
.91101
.92230
.93987
.96992

.89898
.90852
.92010
.93814
.96904

.89628
.90605
.91791
.93641
.96816

.89360
.90359
.91573
.93469
.96729

.89094
.90115
.91356
.93298
.96642

.88830
.89873
.91141
.93128
.96555

.88568
.89632
.90927
.92958
.96468

.88307
.89392
.90714
.92790
.96382

.88049
.89154
.90502
.92622
.96296

23
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
6
7
8
9

.01279
.01356
.01442
.01536
.01641

.01201
.01274
.01356
.01446
.01546

.01130
.01199
.01277
.01363
.01460

.01065
.01131
.01205
.01287
.01380

.01006
.01068
.01140
.01218
.01307

.00952
.01011
.01079
.01154
.01240

.00902
.00959
.01023
.01096
.01178

.00856
.00910
.00972
.01041
.01120

.00814
.00865
.00925
.00991
.01068

.00775
.00824
.00881
.00945
.01019

10
11
12
13
14

.01758
.01886
.02024
.02168
.02313

.01659
.01781
.01915
.02054
.02193

.01567
.01686
.01814
.01948
.02083

.01484
.01598
.01721
.01851
.01981

.01407
.01517
.01636
.01762
.01887

.01336
.01442
.01558
.01679
.01801

.01270
.01373
.01485
.01603
.01721

.01210
.01310
.01419
.01533
.01646

.01154
.01251
.01357
.01467
.01578

.01103
.01196
.01299
.01407
.01514

15
16
17
18
19

.02456
.02593
.02728
.02861
.02998

.02330
.02462
.02590
.02717
.02847

.02214
.02340
.02463
.02584
.02708

.02107
.02229
.02346
.02462
.02580

.02009
.02126
.02238
.02348
.02461

.01918
.02030
.02138
.02243
.02351

.01834
.01942
.02046
.02146
.02249

.01756
.01860
.01960
.02056
.02154

.01684
.01785
.01880
.01972
.02066

.01617
.01714
.01806
.01894
.01984

20
21
22
23
24

.03142
.03295
.03455
.03626
.03809

.02984
.03130
.03283
.03446
.03620

.02839
.02978
.03124
.03279
.03446

.02704
.02837
.02976
.03124
.03283

.02580
.02706
.02839
.02981
.03133

.02465
.02585
.02712
.02847
.02993

.02357
.02473
.02594
.02723
.02863

.02258
.02368
.02484
.02608
.02741

.02165
.02271
.02382
.02500
.02628

.02079
.02180
.02286
.02400
.02522

25
26
27
28
29

.04005
.04216
.04444
.04687
.04946

.03808
.04010
.04229
.04463
.04712

.03625
.03819
.04029
.04254
.04493

.03456
.03641
.03843
.04059
.04289

.03298
.03476
.03670
.03877
.04099

.03151
.03322
.03508
.03708
.03922

.03014
.03178
.03357
.03550
.03756

.02887
.03044
.03217
.03402
.03600

.02768
.02919
.03085
.03263
.03455

.02656
.02802
.02962
.03133
.03318

30
31
32
33
34

.05221
.05511
.05818
.06144
.06489

.04976
.05255
.05551
.05866
.06200

.04748
.05017
.05302
.05606
.05928

.04534
.04794
.05069
.05363
.05674

.04335
.04585
.04851
.05135
.05436

.04149
.04390
.04647
.04921
.05212

.03975
.04208
.04455
.04720
.05002

.03812
.04037
.04276
.04532
.04805

.03659
.03876
.04107
.04355
.04619

.03515
.03725
.03948
.04188
.04444

24
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
41
42
43
44

.09059
.09586
.10147
.10742
.11373

.08692
.09206
.09753
.10334
.10950

.08347
.08848
.09381
.09948
.10551

.08021
.08509
.09029
.09583
.10172

.07714
.08189
.08696
.09237
.09813

.07423
.07886
.08381
.08909
.09472

.07149
.07600
.08083
.08598
.09148

.06889
.07329
.07800
.08304
.08841

.06643
.07072
.07531
.08024
.08549

.06411
.06828
.07277
.07758
.08272

45
46
47
48
49

.12035
.12732
.13460
.14223
.15020

.11599
.12281
.12995
.13743
.14526

.11185
.11853
.12553
.13287
.14056

.10792
.11447
.12133
.12853
.13608

.10420
.11061
.11733
.12439
.13181

.10066
.10694
.11353
.12046
.12774

.09730
.10345
.10991
.11671
.12385

.09410
.10013
.10646
.11313
.12015

.09106
.09696
.10317
.10972
.11661

.08817
.09395
.10004
.10646
.11322

50
51
52
53
54

.15855
.16727
.17634
.18576
.19552

.15347
.16205
.17098
.18027
.18990

.14862
.15707
.16587
.17501
.18451

.14401
.15232
.16097
.16999
.17935

.13960
.14777
.15630
.16518
.17441

.13540
.14344
.15183
.16057
.16968

.13138
.13929
.14755
.15616
.16514

.12754
.13532
.14345
.15194
.16078

.12388
.13153
.13953
.14789
.15661

.12037
.12789
.13577
.14400
.15260

55
56
57
58
59

.20564
.21613
.22698
.23816
.24962

.19989
.21025
.22098
.23204
.24339

.19437
.20461
.21522
.22616
.23740

.18908
.19919
.20968
.22051
.23163

.18402
.19400
.20436
.21507
.22608

.17915
.18901
.19925
.20984
.22073

.17449
.18422
.19434
.20481
.21558

.17001
.17962
.18961
.19996
.21062

.16571
.17519
.18507
.19530
.20584

.16157
.17093
.18069
.19080
.20123

60
61
62

.26136 .25502 .24892 .24304 .23738 .23192 .22666 .22158 .21669 .21196
.27339 .26695 .26075 .25477 .24900 .24343 .23806 .23288 .22787 .22304
.28578 .27925 .27295 .26687 .26100 .25533 .24985 .24456 .23945 .23451

63
64

.29854 .29192 .28553 .27935 .27339 .26762 .26205 .25666 .25145 .24641
.31164 .30494 .29846 .29221 .28615 .28030 .27463 .26915 .26384 .25870

65
66
67
68
69
70

.32508
.33891
.35318
.36785
.38290
.39823

.31831
.33208
.34630
.36093
.37595
.39127

.31177
.32547
.33963
.35422
.36920
.38450

.30543
.31906
.33316
.34770
.36265
.37791

.29930
.31285
.32689
.34138
.35628
.37151

.29336
.30684
.32081
.33524
.35009
.36529

.28761
.30101
.31491
.32928
.34408
.35924

.28203
.29536
.30918
.32349
.33824
.35335

.27663
.28987
.30363
.31787
.33256
.34762

.27140
.28456
.29823
.31240
.32703
.34204

25
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
76
77
78
79

.47769
.49430
.51123
.52845
.54584

.47080
.48747
.50447
.52177
.53926

.46408
.48079
.49786
.51523
.53282

.45752
.47427
.49139
.50884
.52650

.45111
.46790
.48506
.50257
.52032

.44485
.46167
.47888
.49645
.51426

.43874
.45558
.47282
.49044
.50833

.43277
.44963
.46690
.48457
.50251

.42693
.44380
.46111
.47881
.49681

.42123
.43811
.45543
.47317
.49122

80
81
82
83
84

.56325
.58054
.59762
.61448
.63124

.55678
.57419
.59140
.60840
.62531

.55044
.56797
.58530
.60243
.61949

.54423
.56186
.57931
.59657
.61376

.53813
.55587
.57343
.59081
.60813

.53216
.54999
.56766
.58515
.60259

.52630
.54422
.56198
.57958
.59715

.52056
.53856
.55641
.57411
.59179

.51492
.53300
.55094
.56874
.58652

.50939
.52754
.54557
.56346
.58134

85
86
87
88
89

.64800
.66461
.68083
.69663
.71201

.64224
.65902
.67541
.69140
.70696

.63657
.65351
.67008
.68624
.70199

.63099
.64810
.66483
.68116
.69708

.62550
.64276
.65965
.67615
.69224

.62010
.63751
.65455
.67121
.68747

.61478
.63233
.64953
.66634
.68276

.60955
.62724
.64458
.66154
.67811

.60441
.62222
.63970
.65680
.67353

.59934
.61728
.63489
.65213
.66900

90
91
92
93
94

.72694
.74117
.75439
.76664
.77809

.72209
.73650
.74991
.76233
.77394

.71730
.73190
.74548
.75806
.76983

.71257
.72735
.74110
.75385
.76578

.70791
.72286
.73678
.74969
.76177

.70330
.71842
.73251
.74557
.75780

.69876
.71404
.72829
.74150
.75388

.69427
.70972
.72412
.73748
.75000

.68984
.70545
.72000
.73350
.74616

.68547
.70123
.71593
.72957
.74237

95
96
97
98
99

.78899
.79928
.80883
.81781
.82661

.78500
.79544
.80514
.81427
.82320

.78106
.79165
.80149
.81075
.81982

.77715
.78790
.79787
.80727
.81648

.77329
.78418
.79430
.80382
.81316

.76947
.78050
.79075
.80041
.80988

.76569
.77686
.78725
.79703
.80662

.76195
.77326
.78377
.79368
.80340

.75826
.76970
.78033
.79036
.80020

.75460
.76617
.77693
.78708
.79704

100
101
102
103
104

.83519
.84368
.85203
.86034
.86923

.83192
.84055
.84904
.85748
.86653

.82868
.83744
.84607
.85465
.86385

.82547
.83437
.84313
.85184
.86119

.82228
.83131
.84021
.84906
.85855

.81913
.82829
.83731
.84629
.85593

.81600
.82529
.83444
.84355
.85333

.81290
.82231
.83159
.84082
.85074

.80982
.81936
.82876
.83812
.84818

.80678
.81643
.82596
.83544
.84563

105
106
107
108
109

.87792
.88918
.90291
.92455
.96211

.87537
.88683
.90082
.92288
.96125

.87283
.88450
.89873
.92123
.96041

.87032
.88218
.89666
.91958
.95956

.86782
.87987
.89460
.91794
.95872

.86534
.87758
.89255
.91630
.95788

.86287
.87530
.89051
.91468
.95704

.86042
.87304
.88849
.91306
.95620

.85799
.87079
.88647
.91145
.95537

.85557
.86855
.88447
.90984
.95455

26
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
6
7
8
9

.00739
.00786
.00841
.00902
.00973

.00706
.00751
.00803
.00863
.00931

.00675
.00718
.00769
.00826
.00892

.00646
.00687
.00736
.00791
.00856

.00620
.00659
.00706
.00759
.00822

.00595
.00633
.00678
.00730
.00790

.00571
.00608
.00652
.00702
.00760

.00550
.00585
.00627
.00675
.00733

.00529
.00563
.00604
.00651
.00706

.00510
.00543
.00582
.00628
.00682

10
11
12
13
14

.01055
.01146
.01246
.01351
.01455

.01010
.01099
.01196
.01298
.01400

.00969
.01055
.01150
.01249
.01348

.00930
.01014
.01106
.01204
.01300

.00894
.00976
.01066
.01161
.01255

.00861
.00940
.01028
.01121
.01213

.00829
.00907
.00993
.01084
.01173

.00799
.00875
.00960
.01049
.01136

.00772
.00846
.00928
.01016
.01102

.00746
.00818
.00899
.00985
.01069

15
16
17
18
19

.01555
.01648
.01737
.01822
.01908

.01497
.01587
.01673
.01754
.01837

.01443
.01530
.01612
.01691
.01770

.01392
.01477
.01556
.01632
.01708

.01345
.01427
.01504
.01576
.01650

.01300
.01380
.01455
.01525
.01595

.01259
.01336
.01408
.01476
.01544

.01220
.01295
.01365
.01430
.01495

.01183
.01257
.01324
.01387
.01450

.01148
.01220
.01286
.01347
.01407

20
21
22
23
24

.01999
.02096
.02197
.02306
.02424

.01924
.02017
.02114
.02218
.02331

.01854
.01943
.02036
.02136
.02245

.01788
.01874
.01963
.02059
.02163

.01726
.01809
.01895
.01987
.02087

.01669
.01748
.01830
.01919
.02016

.01615
.01691
.01770
.01855
.01948

.01564
.01637
.01713
.01795
.01885

.01516
.01586
.01660
.01739
.01825

.01471
.01539
.01610
.01686
.01769

25
26
27
28
29

.02552
.02692
.02846
.03012
.03190

.02455
.02589
.02738
.02898
.03070

.02364
.02493
.02636
.02791
.02957

.02278
.02403
.02541
.02690
.02851

.02197
.02318
.02451
.02595
.02751

.02122
.02238
.02367
.02506
.02656

.02051
.02162
.02287
.02422
.02567

.01984
.02091
.02212
.02342
.02483

.01920
.02025
.02141
.02267
.02404

.01861
.01961
.02074
.02196
.02329

30
31
32
33
34

.03381
.03583
.03799
.04031
.04279

.03254
.03450
.03659
.03883
.04123

.03135
.03324
.03527
.03744
.03976

.03023
.03206
.03402
.03612
.03838

.02917
.03094
.03284
.03488
.03707

.02817
.02989
.03173
.03371
.03583

.02723
.02890
.03068
.03260
.03465

.02634
.02796
.02968
.03155
.03354

.02551
.02707
.02874
.03055
.03249

.02471
.02623
.02785
.02961
.03149

27
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
41
42
43
44

.06190
.06597
.07035
.07505
.08008

.05981
.06378
.06806
.07265
.07757

.05782
.06170
.06587
.07036
.07518

.05594
.05972
.06380
.06818
.07290

.05415
.05784
.06182
.06611
.07072

.05245
.05605
.05994
.06414
.06865

.05083
.05435
.05815
.06225
.06667

.04929
.05272
.05644
.06045
.06478

.04783
.05118
.05481
.05874
.06298

.04643
.04970
.05326
.05710
.06125

45
46
47
48
49

.08542
.09108
.09705
.10335
.10999

.08279
.08834
.09419
.10038
.10690

.08029
.08573
.09147
.09754
.10394

.07791
.08324
.08886
.09482
.10111

.07563
.08085
.08637
.09222
.09840

.07346
.07858
.08399
.08973
.09581

.07138
.07640
.08172
.08735
.09332

.06940
.07432
.07954
.08507
.09093

.06750
.07233
.07745
.08288
.08864

.06569
.07043
.07545
.08078
.08644

50
51
52
53
54

.11701
.12441
.13217
.14028
.14875

.11380
.12108
.12871
.13670
.14505

.11073
.11789
.12540
.13327
.14150

.10778
.11482
.12222
.12997
.13808

.10496
.11189
.11916
.12680
.13480

.10225
.10907
.11623
.12375
.13163

.09965
.10636
.11341
.12082
.12859

.09716
.10376
.11071
.11801
.12566

.09477
.10126
.10810
.11529
.12284

.09247
.09886
.10560
.11268
.12012

55
56
57
58
59

.15760
.16684
.17648
.18647
.19678

.15378
.16290
.17242
.18229
.19249

.15011
.15911
.16851
.17827
.18835

.14657
.15546
.16474
.17438
.18435

.14317
.15194
.16111
.17064
.18049

.13989
.14855
.15760
.16702
.17676

.13674
.14528
.15422
.16353
.17316

.13370
.14213
.15096
.16015
.16968

.13077
.13909
.14781
.15689
.16631

.12794
.13615
.14477
.15374
.16305

60
61
62
63
64

.20740
.21837
.22973
.24152
.25372

.20300
.21385
.22511
.23680
.24890

.19875
.20949
.22064
.23222
.24422

.19464
.20527
.21631
.22779
.23969

.19066
.20119
.21212
.22350
.23529

.18682
.19724
.20807
.21934
.23103

.18311
.19341
.20414
.21530
.22690

.17952
.18971
.20033
.21139
.22289

.17604
.18613
.19664
.20760
.21899

.17268
.18266
.19306
.20392
.21521

65
66
67
68
69
70

.26633
.27940
.29299
.30709
.32166
.33661

.26141
.27439
.28790
.30193
.31643
.33133

.25664
.26953
.28296
.29691
.31134
.32618

.25201
.26481
.27815
.29202
.30639
.32116

.24752
.26023
.27348
.28728
.30157
.31628

.24316
.25577
.26894
.28265
.29687
.31152

.23893
.25145
.26453
.27816
.29230
.30688

.23482
.24724
.26024
.27378
.28785
.30235

.23083
.24316
.25606
.26952
.28351
.29794

.22695
.23918
.25200
.26537
.27928
.29364

28
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
76
77
78
79

.41566
.43254
.44988
.46765
.48574

.41021
.42709
.44444
.46224
.48037

.40489
.42176
.43912
.45694
.47510

.39968
.41655
.43391
.45174
.46993

.39459
.41144
.42880
.44665
.46487

.38961
.40645
.42380
.44166
.45990

.38474
.40156
.41891
.43677
.45502

.37997
.39677
.41411
.43197
.45024

.37531
.39208
.40940
.42726
.44554

.37074
.38749
.40479
.42265
.44094

80
81
82
83
84

.50397
.52219
.54029
.55826
.57624

.49865
.51693
.53510
.55315
.57123

.49343
.51176
.53000
.54813
.56629

.48830
.50669
.52499
.54319
.56144

.48327
.50171
.52007
.53834
.55666

.47834
.49682
.51523
.53356
.55195

.47349
.49201
.51047
.52886
.54732

.46873
.48729
.50580
.52424
.54277

.46406
.48265
.50120
.51969
.53828

.45947
.47809
.49667
.51522
.53386

85
86
87
88
89

.59435
.61241
.63015
.64753
.66454

.58944
.60762
.62548
.64299
.66013

.58460
.60289
.62087
.63851
.65579

.57984
.59824
.61633
.63409
.65150

.57516
.59365
.61185
.62973
.64726

.57054
.58913
.60744
.62543
.64308

.56599
.58468
.60309
.62118
.63895

.56151
.58029
.59880
.61700
.63488

.55710
.57596
.59456
.61287
.63086

.55275
.57170
.59039
.60879
.62689

90
91
92
93
94

.68115
.69706
.71190
.72569
.73861

.67689
.69294
.70792
.72184
.73490

.67268
.68887
.70399
.71804
.73123

.66853
.68486
.70011
.71429
.72759

.66442
.68089
.69627
.71057
.72400

.66037
.67696
.69247
.70689
.72044

.65637
.67309
.68872
.70326
.71692

.65241
.66925
.68501
.69967
.71344

.64851
.66547
.68134
.69611
.71000

.64465
.66173
.67771
.69259
.70659

95
96
97
98
99

.75097
.76267
.77356
.78382
.79390

.74739
.75922
.77022
.78059
.79079

.74384
.75579
.76691
.77740
.78771

.74033
.75240
.76363
.77423
.78465

.73686
.74905
.76039
.77110
.78162

.73342
.74572
.75718
.76799
.77862

.73002
.74243
.75399
.76491
.77565

.72665
.73917
.75084
.76186
.77270

.72331
.73595
.74772
.75884
.76978

.72001
.73275
.74463
.75584
.76688

100
101
102
103
104

.80376
.81353
.82318
.83278
.84310

.80076
.81066
.82042
.83014
.84059

.79779
.80780
.81768
.82752
.83810

.79485
.80497
.81496
.82491
.83563

.79193
.80217
.81227
.82233
.83317

.78904
.79938
.80960
.81977
.83073

.78617
.79662
.80694
.81723
.82831

.78333
.79388
.80431
.81470
.82591

.78051
.79117
.80170
.81220
.82352

.77771
.78847
.79911
.80971
.82115

105
106
107
108
109

.85318
.86633
.88247
.90825
.95372

.85079
.86413
.88049
.90666
.95290

.84843
.86193
.87852
.90507
.95208

.84607
.85975
.87656
.90350
.95126

.84374
.85758
.87460
.90193
.95045

.84142
.85543
.87266
.90037
.94964

.83911
.85329
.87073
.89881
.94883

.83682
.85116
.86881
.89727
.94803

.83455
.84904
.86690
.89572
.94723

.83229
.84694
.86500
.89419
.94643

29
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
6
7
8
9

.00493
.00524
.00562
.00606
.00659

.00476
.00506
.00543
.00586
.00637

.00460
.00489
.00525
.00566
.00616

.00445
.00473
.00508
.00548
.00597

.00431
.00458
.00492
.00531
.00579

.00418
.00444
.00477
.00515
.00561

.00405
.00430
.00462
.00499
.00545

.00393
.00418
.00449
.00485
.00529

.00382
.00406
.00436
.00471
.00514

.00371
.00394
.00423
.00458
.00500

10
11
12
13
14

.00721
.00792
.00871
.00955
.01038

.00698
.00767
.00845
.00928
.01009

.00676
.00744
.00821
.00902
.00981

.00655
.00722
.00797
.00877
.00955

.00636
.00701
.00775
.00854
.00930

.00617
.00682
.00754
.00831
.00907

.00600
.00663
.00735
.00810
.00885

.00583
.00645
.00716
.00790
.00864

.00567
.00628
.00698
.00771
.00843

.00552
.00612
.00681
.00753
.00824

15
16
17
18
19

.01116
.01186
.01250
.01308
.01367

.01085
.01153
.01215
.01272
.01329

.01056
.01123
.01183
.01238
.01293

.01028
.01094
.01152
.01206
.01259

.01002
.01066
.01124
.01175
.01227

.00977
.01040
.01096
.01147
.01196

.00954
.01015
.01070
.01119
.01167

.00932
.00992
.01045
.01093
.01140

.00910
.00969
.01022
.01068
.01113

.00890
.00948
.00999
.01044
.01088

20
21
22
23
24

.01428
.01494
.01562
.01635
.01716

.01388
.01451
.01517
.01588
.01665

.01350
.01411
.01475
.01543
.01618

.01314
.01373
.01435
.01501
.01573

.01280
.01337
.01397
.01460
.01530

.01248
.01303
.01361
.01422
.01489

.01217
.01271
.01326
.01386
.01451

.01188
.01240
.01294
.01351
.01415

.01161
.01211
.01263
.01319
.01380

.01134
.01183
.01233
.01287
.01347

25
26
27
28
29

.01804
.01902
.02011
.02129
.02258

.01751
.01845
.01951
.02066
.02191

.01701
.01792
.01895
.02006
.02127

.01653
.01741
.01841
.01949
.02067

.01608
.01693
.01790
.01895
.02009

.01565
.01648
.01742
.01844
.01955

.01524
.01604
.01696
.01795
.01903

.01485
.01563
.01652
.01748
.01853

.01448
.01524
.01610
.01704
.01806

.01413
.01487
.01571
.01662
.01762

30
31
32
33
34

.02396
.02543
.02701
.02871
.03054

.02325
.02467
.02621
.02786
.02964

.02257
.02396
.02545
.02706
.02879

.02193
.02328
.02472
.02629
.02797

.02132
.02263
.02404
.02556
.02720

.02074
.02201
.02338
.02487
.02646

.02019
.02143
.02276
.02420
.02576

.01966
.02087
.02217
.02357
.02509

.01916
.02034
.02160
.02297
.02445

.01869
.01983
.02106
.02240
.02383

30
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
41
42
43
44

.04510
.04830
.05177
.05553
.05960

.04383
.04695
.05035
.05404
.05802

.04262
.04567
.04900
.05261
.05651

.04146
.04445
.04770
.05123
.05506

.04035
.04327
.04646
.04992
.05368

.03930
.04215
.04527
.04866
.05235

.03828
.04108
.04413
.04746
.05107

.03732
.04005
.04304
.04630
.04985

.03639
.03907
.04200
.04520
.04867

.03550
.03812
.04100
.04413
.04754

45
46
47
48
49

.06395
.06860
.07353
.07877
.08433

.06229
.06685
.07169
.07684
.08231

.06069
.06517
.06992
.07498
.08036

.05917
.06356
.06823
.07320
.07849

.05770
.06202
.06660
.07149
.07669

.05630
.06053
.06504
.06984
.07495

.05495
.05911
.06353
.06826
.07329

.05365
.05774
.06209
.06673
.07168

.05241
.05643
.06070
.06527
.07013

.05121
.05516
.05936
.06385
.06864

50
51
52
53
54

.09026
.09655
.10318
.11017
.11750

.08814
.09433
.10086
.10774
.11498

.08609
.09219
.09863
.10541
.11254

.08413
.09013
.09647
.10315
.11019

.08224
.08815
.09439
.10098
.10792

.08042
.08624
.09239
.09888
.10572

.07867
.08440
.09046
.09686
.10361

.07698
.08262
.08860
.09491
.10156

.07535
.08091
.08680
.09302
.09958

.07378
.07926
.08506
.09120
.09767

55
56
57
58
59

.12522
.13332
.14183
.15070
.15990

.12258
.13059
.13899
.14775
.15685

.12005
.12794
.13624
.14490
.15389

.11759
.12539
.13359
.14215
.15103

.11522
.12292
.13102
.13948
.14826

.11294
.12054
.12853
.13689
.14558

.11072
.11823
.12613
.13439
.14298

.10859
.11599
.12380
.13197
.14046

.10652
.11383
.12154
.12962
.13801

.10451
.11174
.11936
.12734
.13564

60
61
62
63
64

.16942
.17929
.18960
.20035
.21154

.16626
.17603
.18623
.19688
.20797

.16321
.17287
.18297
.19352
.20451

.16024
.16981
.17980
.19025
.20114

.15737
.16684
.17673
.18708
.19787

.15459
.16395
.17375
.18400
.19469

.15189
.16115
.17085
.18100
.19159

.14927
.15844
.16803
.17809
.18859

.14673
.15580
.16530
.17525
.18566

.14426
.15324
.16264
.17250
.18281

65
66
67
68
69
70

.22318
.23532
.24804
.26133
.27516
.28945

.21951
.23156
.24419
.25740
.27114
.28536

.21595
.22790
.24044
.25356
.26723
.28137

.21249
.22434
.23679
.24983
.26341
.27747

.20912
.22088
.23324
.24618
.25969
.27367

.20584
.21751
.22977
.24263
.25605
.26996

.20265
.21422
.22640
.23917
.25251
.26633

.19955
.21102
.22311
.23579
.24905
.26279

.19652
.20791
.21990
.23250
.24567
.25934

.19358
.20487
.21678
.22929
.24237
.25596

31
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
76
77
78
79

.36628
.38299
.40028
.41812
.43641

.36190
.37858
.39585
.41368
.43198

.35762
.37427
.39151
.40933
.42762

.35343
.37004
.38725
.40506
.42334

.34932
.36589
.38307
.40086
.41914

.34530
.36183
.37898
.39675
.41502

.34136
.35784
.37496
.39271
.41096

.33750
.35394
.37103
.38874
.40698

.33372
.35011
.36716
.38485
.40308

.33001
.34636
.36337
.38103
.39924

80
81
82
83
84

.45496
.47360
.49223
.51081
.52951

.45054
.46920
.48785
.50648
.52523

.44619
.46487
.48355
.50221
.52101

.44192
.46061
.47932
.49802
.51686

.43772
.45643
.47516
.49388
.51277

.43360
.45231
.47106
.48982
.50874

.42954
.44827
.46703
.48581
.50477

.42556
.44429
.46307
.48187
.50086

.42164
.44038
.45916
.47799
.49701

.41779
.43653
.45532
.47416
.49321

85
86
87
88
89

.54847
.56749
.58627
.60477
.62297

.54425
.56335
.58221
.60079
.61909

.54009
.55926
.57820
.59688
.61527

.53600
.55523
.57425
.59301
.61149

.53196
.55126
.57035
.58919
.60776

.52798
.54734
.56650
.58542
.60408

.52406
.54348
.56270
.58170
.60044

.52019
.53966
.55895
.57802
.59685

.51638
.53591
.55526
.57439
.59330

.51262
.53220
.55161
.57081
.58979

90
91
92
93
94

.64084
.65803
.67412
.68911
.70321

.63707
.65437
.67058
.68567
.69988

.63335
.65076
.66707
.68227
.69657

.62968
.64719
.66360
.67890
.69330

.62604
.64366
.66017
.67557
.69006

.62246
.64017
.65678
.67227
.68686

.61891
.63672
.65342
.66901
.68369

.61540
.63330
.65010
.66578
.68055

.61194
.62993
.64682
.66258
.67744

.60851
.62659
.64357
.65942
.67437

95
96
97
98
99

.71674
.72959
.74156
.75287
.76401

.71351
.72646
.73853
.74993
.76117

.71031
.72335
.73552
.74702
.75834

.70713
.72028
.73254
.74413
.75555

.70399
.71724
.72959
.74126
.75277

.70088
.71422
.72666
.73842
.75002

.69781
.71123
.72376
.73561
.74730

.69476
.70828
.72089
.73282
.74459

.69174
.70534
.71804
.73006
.74191

.68875
.70244
.71522
.72732
.73926

100
101
102
103
104

.77494
.78580
.79654
.80724
.81879

.77219
.78315
.79399
.80479
.81646

.76946
.78052
.79146
.80236
.81413

.76676
.77791
.78894
.79994
.81183

.76408
.77532
.78645
.79755
.80954

.76142
.77275
.78397
.79517
.80726

.75878
.77021
.78152
.79280
.80501

.75616
.76768
.77908
.79046
.80276

.75357
.76517
.77666
.78813
.80054

.75099
.76268
.77426
.78582
.79832

105
106
107
108
109

.83005
.84485
.86311
.89266
.94563

.82782
.84277
.86124
.89114
.94484

.82560
.84071
.85937
.88963
.94405

.82340
.83866
.85751
.88812
.94326

.82121
.83662
.85566
.88662
.94248

.81904
.83459
.85382
.88513
.94170

.81688
.83257
.85199
.88364
.94092

.81474
.83057
.85017
.88216
.94014

.81260
.82857
.84835
.88068
.93937

.81049
.82659
.84655
.87922
.93860

32
(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. * * *

33
(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 FACTORS
[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.

35
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,

36
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
After
Before

S
12-31-51
12-31-70

01-01-52
01-01-71
12-01-83

Applicable
Regulations
1.664-4A(a)
1.664-4A(b)
1.664-4A(c)

37
11-30-83
04-30-89

05-01-89
05-01-99

1.664-4A(d)
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 §1.6643(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

39
§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

40
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

42
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 §1.6644(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.

43
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
6
7
8
9

.06384
.06637
.06905
.07186
.07482

.05697
.05933
.06183
.06445
.06722

.05095
.05315
.05547
.05792
.06052

.04567
.04771
.04987
.05216
.05460

.04103
.04292
.04494
.04708
.04936

.03694
.03870
.04058
.04258
.04471

.03334
.03497
.03673
.03859
.04060

.03016
.03168
.03332
.03506
.03694

.02735
.02876
.03029
.03192
.03369

.02487
.02618
.02761
.02914
.03079

10
11
12
13
14

.07793
.08120
.08461
.08812
.09168

.07015
.07323
.07645
.07976
.08313

.06327
.06617
.06920
.07234
.07552

.05718
.05991
.06277
.06574
.06874

.05179
.05435
.05706
.05985
.06269

.04700
.04942
.05197
.05461
.05729

.04274
.04502
.04744
.04993
.05247

.03896
.04111
.04339
.04576
.04815

.03559
.03762
.03978
.04202
.04428

.03259
.03450
.03655
.03867
.04081

15
16
17
18
19

.09527
.09886
.10249
.10616
.10994

.08652
.08991
.09334
.09680
.10037

.07872
.08192
.08515
.08842
.09178

.07176
.07478
.07782
.08090
.08407

.06554
.06839
.07126
.07415
.07714

.05999
.06267
.06537
.06809
.07091

.05501
.05754
.06008
.06264
.06529

.05055
.05294
.05533
.05774
.06023

.04655
.04880
.05105
.05332
.05566

.04296
.04508
.04720
.04933
.05153

20
21
22
23
24

.11384
.11790
.12208
.12643
.13095

.10406
.10790
.11188
.11601
.12031

.09527
.09891
.10267
.10659
.11069

.08737
.09080
.09436
.09808
.10197

.08025
.08349
.08686
.09038
.09408

.07383
.07690
.08008
.08342
.08692

.06805
.07094
.07395
.07710
.08042

.06283
.06555
.06839
.07138
.07452

.05811
.06068
.06336
.06618
.06915

.05384
.05626
.05879
.06146
.06427

25
26
27
28
29

.13567
.14058
.14571
.15104
.15656

.12481
.12950
.13442
.13953
.14484

.11497
.11945
.12415
.12904
.13414

.10605
.11032
.11481
.11949
.12438

.09795
.10202
.10631
.11078
.11546

.09060
.09447
.09856
.10284
.10731

.08392
.08760
.09149
.09558
.09986

.07784
.08134
.08505
.08895
.09304

.07230
.07563
.07916
.08288
.08679

.06726
.07042
.07379
.07733
.08106

30
31
32
33
34

.16229
.16821
.17433
.18068
.18724

.15034
.15605
.16196
.16810
.17446

.13943
.14493
.15063
.15655
.16270

.12946
.13474
.14023
.14595
.15189

.12034
.12541
.13069
.13620
.14193

.11198
.11685
.12193
.12723
.13275

.10433
.10900
.11387
.11897
.12430

.09732
.10179
.10647
.11137
.11650

.09089
.09517
.09966
.10437
.10930

.08498
.08909
.09339
.09791
.10265

44
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
41
42
43
44

.23183
.24021
.24889
.25786
.26712

.21789
.22611
.23463
.24344
.25257

.20496
.21299
.22134
.23000
.23896

.19294
.20079
.20896
.21744
.22625

.18177
.18943
.19741
.20572
.21435

.17138
.17885
.18665
.19477
.20322

.16172
.16899
.17660
.18453
.19281

.15272
.15980
.16721
.17496
.18305

.14434
.15123
.15845
.16601
.17391

.13653
.14322
.15025
.15762
.16534

45
46
47
48
49

.27665
.28644
.29647
.30676
.31729

.26196
.27163
.28155
.29173
.30217

.24821
.25774
.26754
.27760
.28794

.23534
.24472
.25438
.26431
.27453

.22328
.23251
.24201
.25181
.26190

.21198
.22105
.23040
.24004
.24999

.20139
.21028
.21947
.22896
.23876

.19145
.20018
.20919
.21852
.22817

.18213
.19068
.19952
.20868
.21817

.17338
.18174
.19041
.19941
.20873

50
51
52
53
54

.32808
.33912
.35038
.36185
.37352

.31289
.32387
.33507
.34651
.35815

.29856
.30946
.32060
.33198
.34358

.28505
.29585
.30691
.31821
.32976

.27229
.28299
.29395
.30517
.31664

.26026
.27083
.28168
.29280
.30418

.24889
.25933
.27005
.28106
.29234

.23814
.24845
.25904
.26993
.28110

.22799
.23815
.24861
.25937
.27042

.21839
.22840
.23872
.24934
.26026

55
56
57
58
59

.38539
.39746
.40971
.42212
.43464

.37002
.38209
.39437
.40682
.41939

.35542
.36748
.37976
.39222
.40482

.34155
.35358
.36584
.37829
.39090

.32836
.34034
.35257
.36500
.37759

.31583
.32774
.33992
.35231
.36488

.30390
.31574
.32785
.34019
.35272

.29256
.30431
.31634
.32862
.34109

.28177
.29342
.30536
.31756
.32996

.27149
.28303
.29488
.30699
.31932

60
61
62
63
64

.44726
.45999
.47286
.48589
.49903

.43207
.44488
.45785
.47098
.48426

.41754
.43041
.44345
.45667
.47005

.40364
.41655
.42964
.44293
.45638

.39034
.40326
.41639
.42972
.44324

.37761
.39053
.40367
.41703
.43060

.36542
.37833
.39146
.40484
.41843

.35375
.36662
.37974
.39311
.40671

.34257
.35540
.36848
.38184
.39544

.33186
.34463
.35767
.37100
.38458

65
66
67
68
69
70

.51229
.52568
.53924
.55293
.56671
.58052

.49766
.51121
.52495
.53883
.55283
.56687

.48357
.49726
.51115
.52521
.53940
.55365

.47001
.48381
.49784
.51205
.52640
.54084

.45694
.47084
.48498
.49932
.51382
.52843

.44435
.45833
.47256
.48701
.50165
.51639

.43223
.44626
.46056
.47511
.48985
.50473

.42054
.43461
.44898
.46360
.47844
.49342

.40927
.42337
.43778
.45246
.46738
.48245

.39841
.41252
.42696
.44169
.45666
.47181

45
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
76
77
78
79

.64887
.66249
.67612
.68975
.70330

.63657
.65049
.66446
.67843
.69233

.62458
.63880
.65307
.66736
.68160

.61290
.62739
.64194
.65654
.67109

.60151
.61625
.63108
.64596
.66081

.59041
.60538
.62046
.63561
.65074

.57959
.59478
.61009
.62548
.64088

.56904
.58443
.59995
.61558
.63123

.55875
.57432
.59005
.60590
.62178

.54872
.56446
.58037
.59643
.61253

80
81
82
83
84

.71666
.72975
.74250
.75493
.76712

.70605
.71950
.73263
.74542
.75798

.69566
.70946
.72293
.73608
.74900

.68548
.69961
.71342
.72690
.74016

.67550
.68995
.70407
.71788
.73147

.66573
.68047
.69490
.70902
.72292

.65615
.67117
.68589
.70031
.71451

.64676
.66205
.67705
.69175
.70624

.63755
.65310
.66837
.68333
.69810

.62853
.64433
.65984
.67506
.69010

85
86
87
88
89

.77913
.79086
.80218
.81307
.82355

.77037
.78248
.79418
.80544
.81628

.76175
.77423
.78628
.79790
.80909

.75326
.76610
.77850
.79047
.80200

.74491
.75808
.77083
.78313
.79500

.73668
.75019
.76326
.77589
.78808

.72859
.74241
.75580
.76874
.78125

.72061
.73474
.74844
.76169
.77450

.71276
.72719
.74118
.75473
.76783

.70503
.71974
.73402
.74786
.76125

90
91
92
93
94

.83360
.84308
.85182
.85985
.86732

.82668
.83650
.84556
.85390
.86164

.81985
.83000
.83937
.84800
.85601

.81309
.82357
.83325
.84215
.85044

.80642
.81721
.82718
.83637
.84491

.79982
.81092
.82119
.83064
.83944

.79330
.80470
.81525
.82497
.83402

.78685
.79855
.80937
.81936
.82865

.78048
.79246
.80356
.81379
.82333

.77418
.78645
.79780
.80829
.81806

95
96
97
98
99

.87437
.88097
.88708
.89280
.89836

.86895
.87582
.88216
.88810
.89388

.86359
.87070
.87727
.88343
.88943

.85827
.86563
.87243
.87880
.88501

.85300
.86060
.86762
.87420
.88062

.84778
.85561
.86285
.86964
.87626

.84260
.85066
.85811
.86511
.87193

.83746
.84575
.85341
.86061
.86763

.83237
.84088
.84875
.85614
.86336

.82733
.83605
.84413
.85171
.85911

100
101
102
103
104

.90375
.90905
.91424
.91939
.92485

.89948
.90500
.91040
.91575
.92144

.89525
.90097
.90658
.91214
.91805

.89103
.89696
.90278
.90854
.91467

.88685
.89298
.89900
.90496
.91131

.88269
.88902
.89524
.90139
.90796

.87856
.88509
.89150
.89785
.90463

.87445
.88118
.88778
.89432
.90131

.87037
.87729
.88408
.89081
.89800

.86632
.87342
.88040
.88732
.89471

105
106
107
108
109

.93020
.93701
.94522
.95782
.97900

.92701
.93411
.94268
.95583
.97800

.92383
.93122
.94013
.95385
.97700

.92067
.92834
.93760
.95187
.97600

.91751
.92546
.93507
.94989
.97500

.91437
.92260
.93254
.94791
.97400

.91125
.91974
.93002
.94593
.97300

.90813
.91689
.92750
.94396
.97200

.90502
.91405
.92499
.94199
.97100

.90193
.91122
.92249
.94002
.97000

46
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
6
7
8
9

.02266
.02389
.02522
.02665
.02821

.02071
.02184
.02309
.02444
.02590

.01896
.02003
.02120
.02246
.02384

.01741
.01841
.01950
.02069
.02199

.01603
.01696
.01799
.01910
.02033

.01479
.01566
.01663
.01768
.01884

.01368
.01450
.01540
.01640
.01750

.01269
.01345
.01431
.01524
.01629

.01179
.01251
.01332
.01420
.01520

.01098
.01166
.01242
.01326
.01421

10
11
12
13
14

.02990
.03172
.03365
.03566
.03770

.02750
.02922
.03106
.03297
.03490

.02535
.02698
.02872
.03054
.03237

.02342
.02497
.02663
.02835
.03010

.02169
.02316
.02474
.02638
.02804

.02013
.02153
.02303
.02460
.02619

.01872
.02006
.02149
.02299
.02450

.01745
.01872
.02010
.02154
.02298

.01631
.01752
.01884
.02021
.02159

.01526
.01643
.01769
.01901
.02033

15
16
17
18
19

.03973
.04173
.04372
.04573
.04780

.03682
.03871
.04059
.04248
.04443

.03419
.03598
.03775
.03953
.04137

.03182
.03352
.03519
.03686
.03859

.02968
.03129
.03287
.03444
.03607

.02775
.02926
.03076
.03224
.03378

.02599
.02743
.02884
.03024
.03169

.02439
.02576
.02710
.02842
.02978

.02294
.02424
.02551
.02676
.02804

.02162
.02286
.02406
.02524
.02646

20
21
22
23
24

.04997
.05226
.05465
.05716
.05983

.04647
.04862
.05088
.05325
.05578

.04329
.04532
.04745
.04969
.05208

.04040
.04232
.04432
.04645
.04871

.03778
.03958
.04148
.04348
.04562

.03539
.03709
.03888
.04077
.04280

.03321
.03481
.03650
.03830
.04021

.03122
.03274
.03433
.03603
.03784

.02940
.03083
.03234
.03394
.03566

.02773
.02909
.03052
.03203
.03367

25
26
27
28
29

.06266
.06566
.06887
.07225
.07581

.05846
.06131
.06436
.06758
.07099

.05463
.05734
.06024
.06331
.06656

.05112
.05369
.05646
.05938
.06248

.04791
.05035
.05298
.05577
.05873

.04497
.04729
.04979
.05245
.05528

.04227
.04448
.04686
.04940
.05210

.03980
.04189
.04416
.04658
.04916

.03752
.03951
.04168
.04398
.04645

.03543
.03732
.03939
.04159
.04394

30
31
32
33
34

.07956
.08348
.08761
.09195
.09651

.07457
.07833
.08228
.08645
.09082

.06998
.07358
.07736
.08136
.08557

.06575
.06920
.07282
.07666
.08070

.06186
.06515
.06863
.07231
.07619

.05827
.06142
.06475
.06828
.07200

.05495
.05797
.06116
.06454
.06812

.05189
.05478
.05783
.06108
.06452

.04906
.05182
.05475
.05786
.06117

.04644
.04908
.05189
.05488
.05805

47
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
41
42
43
44

.12925
.13575
.14259
.14977
.15731

.12246
.12877
.13542
.14242
.14976

.11612
.12225
.12871
.13552
.14269

.11020
.11614
.12243
.12905
.13604

.10466
.11043
.11654
.12298
.12979

.09949
.10508
.11101
.11729
.12391

.09465
.10007
.10583
.11193
.11838

.09011
.09537
.10097
.10690
.11318

.08587
.09097
.09640
.10217
.10828

.08189
.08683
.09210
.09771
.10367

45
46
47
48
49

.16516
.17334
.18184
.19066
.19981

.15743
.16544
.17375
.18240
.19138

.15017
.15800
.16613
.17461
.18342

.14334
.15099
.15895
.16724
.17588

.13691
.14438
.15217
.16029
.16875

.13086
.13816
.14576
.15371
.16201

.12516
.13228
.13972
.14749
.15562

.11979
.12674
.13400
.14161
.14956

.11472
.12150
.12860
.13604
.14383

.10994
.11656
.12349
.13077
.13839

50
51
52
53
54

.20931
.21917
.22933
.23981
.25060

.20072
.21042
.22043
.23076
.24141

.19259
.20212
.21198
.22216
.23267

.18489
.19426
.20395
.21399
.22434

.17759
.18679
.19633
.20621
.21642

.17067
.17971
.18909
.19881
.20886

.16412
.17299
.18220
.19176
.20166

.15790
.16660
.17566
.18506
.19480

.15199
.16054
.16943
.17867
.18826

.14639
.15477
.16350
.17258
.18201

55
56
57
58
59

.26171
.27313
.28487
.29688
.30913

.25239
.26369
.27531
.28722
.29937

.24351
.25468
.26618
.27798
.29002

.23504
.24608
.25746
.26914
.28107

.22697
.23787
.24912
.26067
.27249

.21927
.23003
.24114
.25257
.26427

.21192
.22254
.23351
.24481
.25639

.20491
.21538
.22621
.23738
.24882

.19821
.20854
.21923
.23025
.24157

.19182
.20199
.21254
.22343
.23461

60
61
62
63
64

.32159
.33429
.34728
.36057
.37412

.31175
.32437
.33730
.35053
.36404

.30231
.31485
.32770
.34087
.35433

.29325
.30571
.31847
.33157
.34498

.28457
.29692
.30960
.32262
.33596

.27623
.28848
.30106
.31400
.32726

.26823
.28037
.29285
.30569
.31887

.26055
.27257
.28495
.29769
.31078

.25317
.26507
.27734
.28998
.30298

.24608
.25786
.27001
.28255
.29545

65
66
67
68
69
70

.38794
.40205
.41650
.43126
.44628
.46150

.37783
.39193
.40639
.42117
.43622
.45149

.36809
.38216
.39661
.41139
.42648
.44178

.35868
.37272
.38715
.40193
.41703
.43236

.34961
.36361
.37800
.39277
.40787
.42321

.34085
.35479
.36915
.38390
.39898
.41433

.33239
.34628
.36059
.37530
.39037
.40571

.32422
.33804
.35230
.36697
.38201
.39735

.31633
.33008
.34428
.35890
.37391
.38922

.30871
.32238
.33651
.35108
.36604
.38132

48
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
76
77
78
79

.53894
.55483
.57091
.58716
.60346

.52939
.54543
.56167
.57809
.59459

.52008
.53624
.55263
.56922
.58590

.51100
.52728
.54380
.56053
.57738

.50214
.51852
.53516
.55203
.56904

.49349
.50996
.52671
.54372
.56086

.48505
.50160
.51845
.53557
.55286

.47681
.49344
.51038
.52760
.54501

.46877
.48546
.50247
.51980
.53732

.46092
.47766
.49475
.51216
.52978

80
81
82
83
84

.61969
.63571
.65146
.66693
.68222

.61102
.62726
.64324
.65893
.67447

.60252
.61897
.63515
.65108
.66684

.59419
.61082
.62722
.64335
.65934

.58601
.60283
.61942
.63575
.65195

.57800
.59499
.61176
.62828
.64468

.57014
.58729
.60423
.62093
.63753

.56243
.57974
.59683
.61371
.63049

.55487
.57232
.58957
.60660
.62356

.54745
.56503
.58242
.59962
.61674

85
86
87
88
89

.69742
.71241
.72696
.74108
.75475

.68993
.70517
.72000
.73438
.74832

.68255
.69805
.71313
.72777
.74198

.67528
.69102
.70635
.72125
.73571

.66812
.68410
.69967
.71480
.72951

.66106
.67727
.69307
.70845
.72339

.65411
.67054
.68656
.70217
.71734

.64727
.66390
.68014
.69597
.71137

.64053
.65736
.67381
.68985
.70547

.63389
.65091
.66756
.68380
.69963

90
91
92
93
94

.76796
.78049
.79211
.80283
.81283

.76180
.77460
.78647
.79743
.80765

.75572
.76878
.78089
.79208
.80253

.74971
.76302
.77537
.78679
.79744

.74376
.75732
.76990
.78154
.79240

.73788
.75168
.76449
.77634
.78741

.73207
.74610
.75913
.77119
.78247

.72633
.74058
.75383
.76610
.77756

.72065
.73512
.74858
.76105
.77270

.71503
.72972
.74338
.75604
.76789

95
96
97
98
99

.82233
.83126
.83953
.84731
.85490

.81737
.82651
.83498
.84294
.85071

.81245
.82180
.83046
.83860
.84656

.80757
.81712
.82597
.83429
.84243

.80274
.81248
.82152
.83002
.83832

.79795
.80788
.81710
.82577
.83425

.79320
.80332
.81271
.82155
.83020

.78849
.79880
.80836
.81737
.82618

.78382
.79431
.80404
.81321
.82219

.77918
.78985
.79976
.80908
.81822

100
101
102
103
104

.86229
.86958
.87674
.88384
.89143

.85828
.86575
.87310
.88038
.88817

.85431
.86195
.86947
.87694
.88492

.85035
.85818
.86587
.87351
.88169

.84642
.85442
.86229
.87010
.87847

.84252
.85069
.85873
.86671
.87526

.83864
.84698
.85518
.86334
.87207

.83478
.84329
.85166
.85998
.86889

.83095
.83962
.84815
.85663
.86573

.82714
.83597
.84466
.85331
.86258

105
106
107
108
109

.89885
.90840
.91999
.93805
.96900

.89578
.90559
.91750
.93609
.96800

.89272
.90278
.91501
.93412
.96700

.88967
.89999
.91253
.93216
.96600

.88664
.89720
.91005
.93020
.96500

.88361
.89442
.90758
.92824
.96400

.88060
.89165
.90511
.92629
.96300

.87760
.88888
.90265
.92434
.96200

.87461
.88613
.90019
.92239
.96100

.87163
.88338
.89774
.92044
.96000

49
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
6
7
8
9

.01026
.01089
.01161
.01241
.01331

.00960
.01019
.01088
.01163
.01249

.00900
.00956
.01021
.01093
.01175

.00846
.00899
.00960
.01029
.01107

.00796
.00846
.00905
.00970
.01045

.00751
.00799
.00854
.00917
.00988

.00710
.00755
.00808
.00867
.00936

.00672
.00715
.00765
.00822
.00889

.00637
.00678
.00726
.00781
.00845

.00606
.00644
.00690
.00743
.00804

10
11
12
13
14

.01432
.01543
.01664
.01791
.01918

.01346
.01453
.01569
.01691
.01813

.01268
.01370
.01482
.01600
.01717

.01196
.01295
.01403
.01516
.01629

.01131
.01226
.01330
.01440
.01548

.01071
.01162
.01263
.01369
.01474

.01016
.01104
.01202
.01304
.01406

.00965
.01051
.01145
.01245
.01343

.00918
.01001
.01093
.01190
.01285

.00875
.00956
.01045
.01139
.01231

15
16
17
18
19

.02041
.02160
.02274
.02386
.02500

.01931
.02044
.02152
.02258
.02367

.01831
.01938
.02041
.02142
.02245

.01738
.01841
.01940
.02035
.02132

.01653
.01752
.01846
.01936
.02029

.01576
.01670
.01760
.01846
.01933

.01504
.01595
.01680
.01762
.01845

.01437
.01525
.01607
.01685
.01764

.01376
.01460
.01539
.01613
.01689

.01320
.01401
.01476
.01547
.01619

20
21
22
23
24

.02621
.02749
.02884
.03028
.03183

.02481
.02603
.02730
.02867
.03013

.02353
.02468
.02589
.02718
.02857

.02235
.02344
.02458
.02581
.02713

.02126
.02229
.02338
.02454
.02580

.02025
.02124
.02227
.02337
.02456

.01933
.02026
.02124
.02229
.02342

.01847
.01936
.02029
.02128
.02236

.01768
.01852
.01940
.02035
.02138

.01694
.01774
.01859
.01949
.02047

25
26
27
28
29

.03350
.03530
.03727
.03937
.04162

.03172
.03344
.03532
.03732
.03947

.03008
.03172
.03351
.03543
.03748

.02857
.03013
.03183
.03367
.03564

.02717
.02865
.03028
.03204
.03392

.02587
.02729
.02885
.03052
.03233

.02467
.02602
.02751
.02911
.03084

.02355
.02484
.02627
.02780
.02946

.02251
.02375
.02511
.02658
.02818

.02155
.02273
.02404
.02545
.02698

30
31
32
33
34

.04401
.04654
.04923
.05210
.05515

.04176
.04419
.04676
.04952
.05245

.03967
.04200
.04447
.04711
.04993

.03773
.03996
.04233
.04487
.04758

.03593
.03807
.04034
.04278
.04538

.03425
.03630
.03849
.04083
.04333

.03269
.03466
.03676
.03901
.04142

.03124
.03312
.03514
.03731
.03962

.02988
.03169
.03363
.03571
.03794

.02861
.03035
.03221
.03422
.03637

50
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
41
42
43
44

.07816
.08295
.08807
.09352
.09932

.07465
.07930
.08427
.08957
.09521

.07137
.07587
.08069
.08585
.09134

.06827
.07264
.07733
.08233
.08768

.06537
.06960
.07415
.07902
.08423

.06263
.06674
.07116
.07589
.08096

.06006
.06405
.06833
.07294
.07787

.05764
.06150
.06567
.07014
.07495

.05535
.05910
.06315
.06750
.07218

.05320
.05683
.06077
.06500
.06956

45
46
47
48
49

.10543
.11189
.11866
.12577
.13323

.10117
.10747
.11408
.12103
.12833

.09715
.10329
.10974
.11654
.12368

.09334
.09933
.10564
.11228
.11926

.08974
.09559
.10174
.10823
.11506

.08634
.09204
.09805
.10439
.11107

.08311
.08867
.09454
.10074
.10728

.08005
.08548
.09121
.09727
.10366

.07716
.08245
.08805
.09397
.10022

.07441
.07958
.08504
.09083
.09695

50
51
52
53
54

.14107
.14928
.15785
.16678
.17606

.13601
.14407
.15248
.16124
.17037

.13120
.13910
.14735
.15597
.16493

.12663
.13437
.14247
.15093
.15974

.12228
.12987
.13781
.14612
.15478

.11813
.12558
.13337
.14153
.15004

.11419
.12149
.12913
.13714
.14550

.11043
.11758
.12508
.13294
.14116

.10685
.11386
.12122
.12893
.13700

.10344
.11031
.11752
.12509
.13302

55
56
57
58
59

.18570
.19573
.20613
.21688
.22793

.17986
.18974
.20000
.21060
.22151

.17428
.18400
.19412
.20458
.21535

.16893
.17851
.18848
.19880
.20943

.16382
.17325
.18307
.19325
.20374

.15893
.16821
.17789
.18792
.19827

.15424
.16338
.17291
.18280
.19301

.14976
.15875
.16814
.17788
.18795

.14546
.15430
.16355
.17316
.18309

.14134
.15004
.15914
.16861
.17840

60
61
62
63
64

.23927
.25092
.26295
.27538
.28817

.23272
.24425
.25616
.26847
.28116

.22642
.23782
.24961
.26180
.27438

.22036
.23163
.24329
.25537
.26783

.21454
.22567
.23721
.24916
.26150

.20893
.21993
.23134
.24316
.25539

.20354
.21440
.22568
.23738
.24949

.19834
.20907
.22021
.23179
.24377

.19334
.20393
.21494
.22639
.23825

.18851
.19898
.20985
.22117
.23291

65
66
67
68
69
70

.30134
.31493
.32899
.34349
.35841
.37366

.29423
.30772
.32170
.33614
.35100
.36620

.28735
.30075
.31464
.32901
.34381
.35896

.28069
.29399
.30780
.32209
.33683
.35193

.27426
.28746
.30118
.31538
.33005
.34509

.26803
.28113
.29475
.30887
.32346
.33844

.26201
.27500
.28852
.30256
.31707
.33197

.25618
.26906
.28248
.29643
.31085
.32568

.25054
.26331
.27663
.29047
.30481
.31957

.24508
.25774
.27095
.28469
.29894
.31362

51
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
76
77
78
79

.45326
.47004
.48718
.50467
.52239

.44577
.46259
.47979
.49735
.51515

.43846
.45530
.47255
.49017
.50806

.43132
.44818
.46547
.48314
.50110

.42435
.44122
.45853
.47626
.49427

.41754
.43442
.45175
.46951
.48758

.41088
.42776
.44511
.46290
.48102

.40438
.42125
.43861
.45643
.47459

.39802
.41488
.43225
.45008
.46828

.39181
.40865
.42601
.44386
.46209

80
81
82
83
84

.54018
.55788
.57540
.59274
.61002

.53304
.55085
.56851
.58598
.60341

.52603
.54396
.56173
.57933
.59690

.51916
.53718
.55506
.57279
.59049

.51242
.53053
.54851
.56635
.58418

.50580
.52399
.54207
.56001
.57796

.49930
.51757
.53574
.55378
.57184

.49292
.51126
.52951
.54765
.56582

.48666
.50507
.52339
.54161
.55988

.48052
.49898
.51737
.53567
.55403

85
86
87
88
89

.62734
.64455
.66139
.67783
.69387

.62090
.63828
.65531
.67194
.68817

.61454
.63210
.64930
.66612
.68254

.60828
.62600
.64337
.66037
.67698

.60211
.61999
.63752
.65469
.67148

.59603
.61406
.63175
.64908
.66605

.59004
.60821
.62605
.64354
.66068

.58414
.60244
.62043
.63807
.65537

.57832
.59675
.61488
.63267
.65012

.57258
.59113
.60939
.62733
.64493

90
91
92
93
94

.70947
.72437
.73823
.75109
.76312

.70398
.71908
.73314
.74618
.75839

.69855
.71385
.72810
.74132
.75370

.69318
.70867
.72310
.73650
.74905

.68786
.70354
.71816
.73173
.74445

.68261
.69847
.71326
.72700
.73988

.67742
.69345
.70841
.72232
.73536

.67228
.68848
.70361
.71768
.73087

.66719
.68357
.69886
.71308
.72643

.66217
.67870
.69415
.70852
.72202

95
96
97
98
99

.77459
.78543
.79550
.80498
.81428

.77004
.78105
.79128
.80091
.81036

.76552
.77670
.78709
.79687
.80647

.76104
.77238
.78293
.79286
.80261

.75660
.76810
.77880
.78888
.79877

.75220
.76386
.77470
.78492
.79496

.74783
.75964
.77063
.78099
.79117

.74350
.75546
.76659
.77709
.78741

.73920
.75131
.76258
.77322
.78367

.73494
.74720
.75860
.76937
.77995

100
101
102
103
104

.82336
.83234
.84119
.84999
.85944

.81959
.82873
.83774
.84670
.85632

.81586
.82515
.83431
.84342
.85321

.81214
.82158
.83089
.84016
.85011

.80845
.81804
.82750
.83691
.84703

.80478
.81451
.82412
.83368
.84396

.80113
.81101
.82076
.83046
.84090

.79751
.80753
.81742
.82726
.83786

.79390
.80406
.81409
.82408
.83483

.79032
.80062
.81078
.82091
.83182

105
106
107
108
109

.86866
.88065
.89530
.91849
.95900

.86570
.87792
.89286
.91654
.95800

.86276
.87520
.89042
.91460
.95700

.85982
.87248
.88799
.91266
.95600

.85690
.86978
.88557
.91072
.95500

.85399
.86708
.88315
.90879
.95400

.85109
.86440
.88073
.90685
.95300

.84820
.86172
.87833
.90492
.95200

.84532
.85905
.87592
.90299
.95100

.84245
.85638
.87352
.90106
.95000

52
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
6
7
8
9

.00576
.00613
.00657
.00707
.00766

.00549
.00584
.00626
.00675
.00732

.00524
.00557
.00598
.00644
.00699

.00501
.00532
.00571
.00616
.00669

.00479
.00509
.00547
.00590
.00641

.00459
.00488
.00524
.00565
.00615

.00440
.00468
.00502
.00542
.00591

.00423
.00449
.00482
.00521
.00568

.00406
.00432
.00464
.00501
.00547

.00391
.00415
.00446
.00482
.00527

10
11
12
13
14

.00835
.00913
.01000
.01091
.01181

.00798
.00874
.00959
.01048
.01135

.00764
.00838
.00920
.01007
.01092

.00732
.00804
.00884
.00969
.01052

.00702
.00772
.00851
.00933
.01014

.00675
.00743
.00819
.00900
.00979

.00649
.00715
.00790
.00869
.00947

.00624
.00689
.00762
.00840
.00916

.00602
.00665
.00737
.00813
.00887

.00580
.00642
.00712
.00787
.00860

15
16
17
18
19

.01267
.01345
.01418
.01486
.01554

.01218
.01294
.01364
.01429
.01494

.01173
.01246
.01313
.01375
.01438

.01130
.01201
.01266
.01326
.01385

.01091
.01160
.01222
.01279
.01336

.01054
.01121
.01181
.01236
.01291

.01019
.01084
.01143
.01196
.01248

.00987
.01050
.01107
.01158
.01208

.00956
.01018
.01073
.01122
.01170

.00928
.00988
.01041
.01088
.01135

20
21
22
23
24

.01626
.01702
.01782
.01868
.01962

.01562
.01635
.01711
.01793
.01883

.01503
.01573
.01645
.01724
.01809

.01448
.01514
.01584
.01658
.01740

.01396
.01460
.01526
.01597
.01675

.01348
.01409
.01472
.01540
.01615

.01303
.01361
.01422
.01487
.01558

.01260
.01316
.01374
.01437
.01505

.01220
.01274
.01330
.01390
.01455

.01183
.01235
.01288
.01345
.01408

25
26
27
28
29

.02065
.02178
.02303
.02439
.02585

.01981
.02089
.02209
.02339
.02480

.01903
.02006
.02122
.02247
.02382

.01830
.01929
.02040
.02160
.02290

.01762
.01856
.01963
.02079
.02204

.01698
.01789
.01891
.02002
.02123

.01638
.01725
.01824
.01931
.02047

.01581
.01665
.01760
.01863
.01976

.01528
.01609
.01700
.01800
.01908

.01478
.01556
.01644
.01740
.01845

30
31
32
33
34

.02742
.02910
.03089
.03282
.03489

.02631
.02793
.02965
.03151
.03350

.02527
.02683
.02849
.03028
.03220

.02430
.02579
.02739
.02912
.03097

.02339
.02482
.02636
.02803
.02982

.02253
.02391
.02540
.02701
.02873

.02172
.02306
.02449
.02604
.02771

.02096
.02225
.02363
.02513
.02674

.02025
.02149
.02282
.02427
.02583

.01957
.02077
.02206
.02346
.02497

53
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
41
42
43
44

.05116
.05469
.05851
.06263
.06707

.04924
.05267
.05638
.06039
.06472

.04742
.05075
.05436
.05827
.06248

.04571
.04894
.05245
.05625
.06035

.04408
.04722
.05063
.05433
.05834

.04254
.04559
.04891
.05252
.05642

.04108
.04405
.04728
.05079
.05459

.03970
.04258
.04573
.04915
.05286

.03839
.04119
.04425
.04759
.05121

.03714
.03987
.04285
.04610
.04963

45
46
47
48
49

.07180
.07685
.08218
.08784
.09382

.06933
.07425
.07946
.08499
.09085

.06698
.07178
.07687
.08228
.08801

.06474
.06943
.07440
.07969
.08530

.06262
.06720
.07205
.07722
.08271

.06059
.06507
.06981
.07487
.08024

.05867
.06304
.06768
.07262
.07788

.05684
.06110
.06564
.07047
.07562

.05509
.05926
.06369
.06842
.07346

.05342
.05750
.06183
.06646
.07140

50
51
52
53
54

.10018
.10691
.11399
.12142
.12921

.09707
.10367
.11061
.11791
.12556

.09410
.10057
.10738
.11454
.12206

.09127
.09761
.10429
.11132
.11870

.08856
.09477
.10132
.10823
.11548

.08597
.09206
.09849
.10526
.11239

.08349
.08946
.09577
.10242
.10942

.08112
.08697
.09316
.09969
.10657

.07885
.08459
.09066
.09707
.10383

.07667
.08231
.08826
.09456
.10120

55
56
57
58
59

.13738
.14595
.15491
.16424
.17390

.13359
.14202
.15084
.16004
.16955

.12995
.13824
.14693
.15599
.16537

.12646
.13462
.14317
.15209
.16134

.12311
.13113
.13955
.14834
.15746

.11989
.12778
.13607
.14473
.15371

.11679
.12456
.13272
.14125
.15010

.11382
.12146
.12949
.13789
.14662

.11096
.11847
.12638
.13465
.14325

.10820
.11560
.12338
.13153
.14001

60
61
62
63
64

.18387
.19420
.20494
.21613
.22774

.17939
.18958
.20020
.21126
.22274

.17507
.18513
.19561
.20654
.21791

.17091
.18084
.19119
.20199
.21322

.16689
.17669
.18691
.19758
.20869

.16302
.17268
.18277
.19331
.20429

.15927
.16881
.17877
.18918
.20004

.15566
.16506
.17490
.18518
.19592

.15217
.16145
.17115
.18131
.19192

.14880
.15795
.16753
.17757
.18805

65
66
67
68
69
70

.23979
.25233
.26543
.27908
.29324
.30783

.23467
.24709
.26009
.27363
.28769
.30219

.22971
.24202
.25489
.26833
.28230
.29671

.22490
.23709
.24985
.26319
.27705
.29137

.22025
.23231
.24496
.25819
.27195
.28618

.21573
.22767
.24021
.25332
.26699
.28112

.21135
.22318
.23560
.24860
.26216
.27619

.20710
.21881
.23111
.24400
.25746
.27139

.20299
.21457
.22676
.23954
.25288
.26672

.19899
.21045
.22252
.23519
.24843
.26216

54
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
76
77
78
79

.38574
.40256
.41991
.43777
.45602

.37980
.39660
.41394
.43180
.45007

.37400
.39076
.40808
.42594
.44422

.36833
.38505
.40235
.42020
.43849

.36278
.37947
.39674
.41457
.43287

.35735
.37400
.39124
.40906
.42735

.35205
.36864
.38585
.40365
.42193

.34686
.36340
.38056
.39834
.41661

.34178
.35827
.37539
.39314
.41139

.33681
.35324
.37032
.38803
.40627

80
81
82
83
84

.47449
.49300
.51145
.52983
.54828

.46856
.48712
.50563
.52407
.54261

.46275
.48134
.49990
.51841
.53702

.45704
.47566
.49427
.51284
.53151

.45143
.47008
.48873
.50735
.52609

.44592
.46460
.48328
.50195
.52075

.44051
.45921
.47792
.49663
.51549

.43519
.45391
.47265
.49139
.51030

.42997
.44870
.46746
.48624
.50519

.42484
.44357
.46235
.48116
.50015

85
86
87
88
89

.56693
.58560
.60398
.62206
.63980

.56135
.58013
.59864
.61685
.63474

.55586
.57474
.59337
.61170
.62972

.55044
.56943
.58817
.60662
.62477

.54510
.56418
.58303
.60159
.61987

.53983
.55901
.57795
.59663
.61503

.53464
.55390
.57294
.59173
.61024

.52952
.54886
.56799
.58688
.60551

.52447
.54389
.56310
.58209
.60083

.51949
.53898
.55828
.57736
.59620

90
91
92
93
94

.65719
.67388
.68949
.70401
.71765

.65227
.66912
.68487
.69954
.71332

.64741
.66440
.68030
.69511
.70902

.64259
.65973
.67577
.69072
.70477

.63783
.65511
.67129
.68637
.70055

.63312
.65053
.66685
.68205
.69636

.62846
.64600
.66245
.67778
.69222

.62385
.64152
.65809
.67355
.68810

.61928
.63708
.65378
.66935
.68403

.61477
.63269
.64950
.66519
.67998

95
96
97
98
99

.73072
.74311
.75465
.76555
.77626

.72653
.73906
.75073
.76175
.77260

.72237
.73504
.74684
.75798
.76895

.71825
.73105
.74297
.75424
.76534

.71416
.72709
.73914
.75052
.76174

.71010
.72316
.73533
.74683
.75817

.70608
.71926
.73155
.74317
.75462

.70209
.71539
.72780
.73953
.75109

.69813
.71155
.72407
.73591
.74759

.69421
.70774
.72037
.73232
.74411

100
101
102
103
104

.78676
.79719
.80749
.81775
.82881

.78323
.79379
.80422
.81461
.82582

.77971
.79040
.80096
.81149
.82284

.77622
.78703
.79772
.80838
.81988

.77274
.78368
.79450
.80529
.81693

.76929
.78035
.79130
.80221
.81399

.76586
.77704
.78811
.79914
.81106

.76245
.77375
.78494
.79609
.80815

.75906
.77048
.78178
.79306
.80525

.75569
.76722
.77864
.79003
.80236

105
106
107
108
109

.83959
.85373
.87113
.89913
.94900

.83674
.85108
.86875
.89721
.94800

.83391
.84844
.86636
.89529
.94700

.83108
.84581
.86399
.89337
.94600

.82826
.84319
.86161
.89145
.94500

.82546
.84058
.85925
.88953
.94400

.82267
.83797
.85689
.88762
.94300

.81988
.83537
.85453
.88571
.94200

.81711
.83278
.85218
.88380
.94100

.81435
.83020
.84984
.88189
.94000

55
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
6
7
8
9

.00377
.00400
.00430
.00465
.00508

.00363
.00386
.00414
.00448
.00490

.00351
.00372
.00400
.00432
.00473

.00339
.00359
.00386
.00417
.00457

.00327
.00347
.00373
.00403
.00442

.00317
.00335
.00360
.00390
.00428

.00306
.00325
.00349
.00378
.00414

.00297
.00314
.00338
.00366
.00402

.00288
.00305
.00327
.00354
.00389

.00279
.00295
.00317
.00344
.00378

10
11
12
13
14

.00560
.00620
.00689
.00763
.00834

.00541
.00600
.00668
.00740
.00810

.00523
.00581
.00647
.00718
.00787

.00506
.00563
.00628
.00698
.00766

.00490
.00546
.00610
.00678
.00745

.00475
.00529
.00593
.00660
.00726

.00460
.00514
.00576
.00642
.00707

.00446
.00499
.00560
.00626
.00689

.00433
.00485
.00545
.00610
.00673

.00421
.00472
.00531
.00595
.00657

15
16
17
18
19

.00901
.00959
.01011
.01057
.01101

.00875
.00932
.00983
.01027
.01070

.00851
.00907
.00956
.00999
.01040

.00828
.00883
.00930
.00972
.01012

.00807
.00860
.00907
.00947
.00985

.00786
.00839
.00884
.00923
.00960

.00767
.00818
.00862
.00900
.00936

.00748
.00799
.00842
.00879
.00914

.00730
.00780
.00822
.00858
.00892

.00714
.00762
.00804
.00839
.00871

20
21
22
23
24

.01148
.01197
.01249
.01304
.01364

.01115
.01162
.01211
.01264
.01322

.01083
.01129
.01176
.01227
.01283

.01054
.01098
.01143
.01192
.01246

.01026
.01068
.01112
.01159
.01210

.00999
.01040
.01082
.01127
.01177

.00974
.01014
.01054
.01098
.01145

.00950
.00988
.01027
.01069
.01115

.00927
.00964
.01002
.01042
.01087

.00905
.00941
.00978
.01017
.01060

25
26
27
28
29

.01431
.01506
.01591
.01684
.01785

.01387
.01459
.01541
.01631
.01728

.01345
.01415
.01494
.01580
.01675

.01306
.01373
.01449
.01533
.01624

.01268
.01333
.01407
.01488
.01577

.01233
.01295
.01367
.01445
.01531

.01199
.01260
.01329
.01405
.01488

.01168
.01226
.01293
.01367
.01447

.01137
.01194
.01259
.01330
.01408

.01109
.01163
.01226
.01296
.01372

30
31
32
33
34

.01893
.02010
.02134
.02270
.02415

.01833
.01946
.02066
.02197
.02338

.01776
.01885
.02002
.02128
.02265

.01723
.01828
.01940
.02063
.02195

.01672
.01773
.01883
.02002
.02130

.01623
.01722
.01828
.01943
.02067

.01578
.01673
.01776
.01887
.02008

.01534
.01627
.01726
.01835
.01951

.01493
.01582
.01679
.01784
.01897

.01453
.01540
.01634
.01736
.01846

56
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
41
42
43
44

.03596
.03861
.04152
.04468
.04813

.03484
.03742
.04025
.04333
.04670

.03377
.03628
.03903
.04205
.04533

.03275
.03520
.03788
.04082
.04403

.03178
.03416
.03678
.03965
.04278

.03086
.03318
.03573
.03853
.04159

.02998
.03224
.03473
.03746
.04045

.02914
.03134
.03377
.03644
.03936

.02833
.03048
.03285
.03546
.03832

.02757
.02966
.03198
.03453
.03732

45
46
47
48
49

.05183
.05582
.06006
.06459
.06942

.05032
.05421
.05836
.06279
.06752

.04887
.05267
.05673
.06107
.06571

.04748
.05121
.05518
.05943
.06397

.04616
.04980
.05369
.05785
.06230

.04489
.04846
.05226
.05634
.06070

.04368
.04717
.05089
.05488
.05916

.04252
.04593
.04958
.05349
.05768

.04141
.04475
.04832
.05216
.05626

.04034
.04362
.04711
.05087
.05490

50
51
52
53
54

.07459
.08012
.08596
.09214
.09867

.07259
.07801
.08375
.08982
.09623

.07068
.07599
.08163
.08759
.09389

.06884
.07406
.07959
.08544
.09164

.06708
.07220
.07763
.08338
.08946

.06538
.07041
.07574
.08139
.08737

.06376
.06869
.07392
.07948
.08536

.06219
.06703
.07218
.07763
.08342

.06069
.06544
.07049
.07586
.08154

.05924
.06391
.06887
.07415
.07974

55
56
57
58
59

.10556
.11283
.12050
.12852
.13687

.10301
.11016
.11771
.12562
.13385

.10055
.10759
.11502
.12281
.13092

.09819
.10511
.11243
.12011
.12810

.09591
.10272
.10993
.11749
.12537

.09371
.10042
.10751
.11496
.12273

.09159
.09819
.10518
.11252
.12017

.08955
.09605
.10293
.11016
.11770

.08757
.09397
.10075
.10787
.11531

.08567
.09197
.09864
.10567
.11299

60
61
62
63
64

.14554
.15457
.16402
.17393
.18429

.14240
.15130
.16063
.17042
.18065

.13935
.14813
.15734
.16700
.17712

.13641
.14507
.15415
.16370
.17369

.13356
.14210
.15107
.16049
.17036

.13080
.13923
.14808
.15738
.16714

.12813
.13644
.14518
.15437
.16400

.12555
.13375
.14237
.15144
.16096

.12305
.13113
.13964
.14860
.15800

.12063
.12860
.13699
.14584
.15513

65
66
67
68
69
70

.19511
.20645
.21841
.23096
.24409
.25772

.19135
.20257
.21441
.22685
.23987
.25339

.18769
.19880
.21052
.22284
.23575
.24918

.18415
.19513
.20673
.21895
.23175
.24507

.18070
.19157
.20305
.21515
.22784
.24106

.17735
.18810
.19947
.21146
.22404
.23715

.17410
.18473
.19599
.20786
.22033
.23333

.17094
.18146
.19259
.20436
.21672
.22961

.16787
.17827
.18929
.20094
.21320
.22598

.16488
.17517
.18608
.19762
.20976
.22244

57
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
76
77
78
79

.33195
.34832
.36535
.38302
.40124

.32719
.34350
.36047
.37811
.39630

.32253
.33877
.35570
.37329
.39145

.31797
.33415
.35101
.36856
.38669

.31351
.32961
.34642
.36392
.38201

.30914
.32517
.34192
.35937
.37742

.30486
.32082
.33750
.35490
.37291

.30067
.31656
.33317
.35051
.36848

.29657
.31238
.32892
.34621
.36413

.29255
.30828
.32475
.34198
.35985

80
81
82
83
84

.41980
.43854
.45733
.47616
.49519

.41485
.43358
.45238
.47123
.49030

.40998
.42871
.44752
.46638
.48548

.40520
.42392
.44273
.46161
.48073

.40050
.41921
.43802
.45690
.47604

.39588
.41457
.43338
.45227
.47143

.39134
.41001
.42881
.44770
.46688

.38688
.40553
.42431
.44320
.46239

.38249
.40112
.41989
.43877
.45797

.37818
.39678
.41553
.43441
.45361

85
86
87
88
89

.51458
.53413
.55351
.57268
.59162

.50974
.52935
.54881
.56806
.58710

.50496
.52463
.54416
.56349
.58262

.50025
.51998
.53957
.55898
.57819

.49560
.51538
.53503
.55451
.57382

.49102
.51084
.53055
.55010
.56949

.48650
.50636
.52613
.54574
.56520

.48204
.50194
.52176
.54144
.56097

.47763
.49758
.51744
.53718
.55678

.47329
.49327
.51317
.53296
.55263

90
91
92
93
94

.61030
.62834
.64527
.66107
.67597

.60588
.62403
.64107
.65699
.67200

.60151
.61977
.63692
.65294
.66806

.59718
.61554
.63280
.64893
.66415

.59290
.61136
.62872
.64495
.66027

.58866
.60722
.62468
.64101
.65643

.58447
.60312
.62068
.63711
.65262

.58032
.59907
.61672
.63323
.64884

.57621
.59505
.61279
.62940
.64509

.57214
.59107
.60890
.62559
.64138

95
96
97
98
99

.69031
.70396
.71670
.72875
.74065

.68645
.70021
.71305
.72521
.73721

.68262
.69648
.70943
.72169
.73379

.67881
.69279
.70584
.71819
.73040

.67504
.68912
.70227
.71472
.72703

.67130
.68548
.69872
.71127
.72368

.66759
.68186
.69520
.70784
.72035

.66390
.67828
.69171
.70444
.71704

.66025
.67471
.68824
.70106
.71375

.65662
.67118
.68480
.69770
.71048

100
101
102
103
104

.75234
.76399
.77552
.78703
.79948

.74901
.76077
.77241
.78404
.79662

.74570
.75757
.76932
.78106
.79377

.74241
.75438
.76625
.77809
.79093

.73914
.75122
.76319
.77514
.78810

.73589
.74807
.76015
.77221
.78528

.73265
.74494
.75712
.76929
.78248

.72944
.74183
.75411
.76638
.77969

.72625
.73873
.75111
.76348
.77691

.72307
.73565
.74813
.76060
.77414

105
106
107
108
109

.81159
.82763
.84749
.87999
.93900

.80885
.82506
.84516
.87808
.93800

.80612
.82250
.84283
.87618
.93700

.80340
.81995
.84051
.87428
.93600

.80069
.81741
.83819
.87238
.93500

.79799
.81488
.83587
.87049
.93400

.79530
.81235
.83356
.86859
.93300

.79262
.80983
.83126
.86670
.93200

.78995
.80732
.82896
.86481
.93100

.78729
.80482
.82666
.86293
.93000

58
(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

59
interest is the factor under the appropriate adjusted payout rate in Table D in §1.6644(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

60
§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 §1.6644(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:

62
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 §20.20317A(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

63
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 §20.20317T(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).

64
(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). Section1.6644T(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

65
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). * * *

66
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:

67
§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,

69
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 §20.20317A(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
*****

70
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
After
12-31-51
12-31-70
11-30-83
04-30-89

Before
01-01-52
01-01-71
12-01-83
05-01-89
05-01-99

Applicable
Section
20.2031-7A(a)
20.2031-7A(b)
20.2031-7A(c)
20.2031-7A(d)
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

72
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

73
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 nonincomeproducing 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

74
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:

75
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,

76
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 §20.20317A(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 §20.20317A(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

77
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,

78
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.

80
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
6
7
8
9

.07040
.07310
.07594
.07891
.08203

.06331
.06583
.06849
.07129
.07423

.05705
.05941
.06191
.06453
.06731

.05152
.05372
.05607
.05853
.06115

.04662
.04869
.05089
.05321
.05567

.04229
.04422
.04628
.04846
.05079

.03845
.04025
.04219
.04424
.04643

.03503
.03672
.03854
.04046
.04253

.03199
.03357
.03528
.03709
.03904

.02928
.03076
.03236
.03407
.03592

10
11
12
13
14

.08532
.08875
.09233
.09601
.09974

.07734
.08059
.08398
.08748
.09102

.07024
.07331
.07653
.07985
.08322

.06392
.06683
.06989
.07304
.07624

.05829
.06104
.06394
.06693
.06997

.05326
.05587
.05862
.06146
.06435

.04877
.05124
.05385
.05655
.05929

.04474
.04709
.04957
.05214
.05474

.04114
.04336
.04572
.04816
.05064

.03790
.04002
.04226
.04458
.04694

15
16
17
18
19

.10350
.10728
.11108
.11494
.11889

.09460
.09818
.10179
.10545
.10921

.08661
.09001
.09344
.09691
.10047

.07946
.08268
.08592
.08921
.09259

.07303
.07608
.07916
.08227
.08548

.06725
.07014
.07306
.07601
.07904

.06204
.06479
.06755
.07034
.07322

.05735
.05996
.06257
.06521
.06794

.05312
.05559
.05807
.06057
.06315

.04930
.05164
.05399
.05636
.05880

20
21
22
23
24

.12298
.12722
.13159
.13613
.14084

.11310
.11713
.12130
.12563
.13014

.10417
.10801
.11199
.11612
.12043

.09610
.09976
.10354
.10748
.11160

.08881
.09228
.09588
.09964
.10357

.08220
.08550
.08893
.09250
.09625

.07622
.07935
.08260
.08601
.08958

.07078
.07375
.07685
.08009
.08349

.06584
.06866
.07160
.07468
.07793

.06135
.06403
.06682
.06975
.07284

25
26
27
28
29

.14574
.15084
.15615
.16166
.16737

.13484
.13974
.14485
.15016
.15567

.12493
.12963
.13454
.13965
.14497

.11591
.12041
.12513
.13004
.13516

.10768
.11199
.11652
.12124
.12617

.10018
.10431
.10865
.11319
.11792

.09334
.09728
.10144
.10580
.11035

.08708
.09085
.09484
.09901
.10339

.08135
.08496
.08878
.09279
.09699

.07611
.07956
.08322
.08706
.09109

30
31
32
33
34

.17328
.17938
.18568
.19220
.19894

.16138
.16728
.17339
.17972
.18627

.15048
.15618
.16210
.16824
.17460

.14047
.14599
.15171
.15766
.16383

.13129
.13661
.14214
.14790
.15388

.12286
.12799
.13333
.13889
.14468

.11510
.12004
.12520
.13058
.13618

.10796
.11272
.11769
.12289
.12831

.10138
.10597
.11076
.11578
.12102

.09532
.09974
.10435
.10920
.11426

81
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
41
42
43
44

.24446
.25298
.26178
.27087
.28025

.23078
.23915
.24782
.25678
.26603

.21805
.22626
.23478
.24360
.25273

.20620
.21425
.22262
.23129
.24027

.19516
.20305
.21125
.21977
.22860

.18487
.19259
.20062
.20898
.21766

.17527
.18282
.19069
.19888
.20740

.16631
.17368
.18138
.18941
.19777

.15795
.16514
.17267
.18053
.18873

.15013
.15715
.16450
.17220
.18023

45
46
47
48
49

.28987
.29976
.30987
.32023
.33082

.27555
.28533
.29535
.30563
.31615

.26212
.27179
.28171
.29190
.30234

.24953
.25908
.26889
.27897
.28931

.23772
.24714
.25682
.26678
.27702

.22664
.23591
.24546
.25530
.26543

.21622
.22536
.23476
.24447
.25447

.20644
.21542
.22468
.23425
.24412

.19724
.20606
.21518
.22460
.23434

.18858
.19725
.20621
.21549
.22509

50
51
52
53
54

.34166
.35274
.36402
.37550
.38717

.32694
.33798
.34924
.36070
.37237

.31306
.32404
.33525
.34668
.35833

.29995
.31085
.32200
.33339
.34500

.28756
.29838
.30946
.32078
.33234

.27586
.28658
.29757
.30882
.32031

.26479
.27541
.28630
.29746
.30888

.25432
.26482
.27561
.28667
.29801

.24441
.25479
.26547
.27643
.28766

.23502
.24528
.25584
.26669
.27782

55
56
57
58
59

.39903
.41108
.42330
.43566
.44811

.38424
.39631
.40857
.42098
.43351

.37019
.38227
.39455
.40699
.41956

.35683
.36890
.38118
.39364
.40623

.34413
.35617
.36844
.38089
.39350

.33205
.34405
.35629
.36873
.38133

.32056
.33250
.34469
.35710
.36968

.30961
.32149
.33363
.34600
.35855

.29918
.31099
.32306
.33538
.34789

.28925
.30097
.31297
.32522
.33768

60
61
62
63
64

.46066
.47330
.48608
.49898
.51200

.44613
.45887
.47175
.48478
.49793

.43224
.44505
.45802
.47115
.48442

.41896
.43182
.44485
.45807
.47143

.40624
.41914
.43223
.44550
.45895

.39408
.40699
.42011
.43343
.44694

.38243
.39535
.40848
.42184
.43539

.37127
.38418
.39732
.41069
.42427

.36058
.37347
.38660
.39997
.41357

.35033
.36318
.37629
.38966
.40326

65
66
67
68
69
70

.52512
.53835
.55174
.56524
.57882
.59242

.51121
.52461
.53818
.55188
.56568
.57951

.49782
.51137
.52511
.53899
.55299
.56703

.48495
.49862
.51250
.52654
.54071
.55495

.47255
.48634
.50034
.51452
.52885
.54325

.46062
.47449
.48860
.50291
.51737
.53193

.44912
.46307
.47727
.49168
.50627
.52096

.43805
.45206
.46633
.48083
.49552
.51034

.42738
.44143
.45576
.47034
.48513
.50004

.41709
.43118
.44556
.46020
.47506
.49007

82
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
76
77
78
79

.65953
.67287
.68622
.69954
.71278

.64796
.66160
.67526
.68892
.70250

.63671
.65063
.66459
.67856
.69246

.62575
.63995
.65419
.66845
.68265

.61510
.62954
.64404
.65858
.67308

.60473
.61940
.63415
.64895
.66372

.59463
.60952
.62450
.63955
.65457

.58480
.59989
.61509
.63036
.64563

.57523
.59050
.60590
.62140
.63690

.56591
.58135
.59694
.61264
.62836

80
81
82
83
84

.72581
.73857
.75101
.76311
.77497

.71588
.72899
.74178
.75423
.76645

.70618
.71962
.73274
.74553
.75809

.69668
.71045
.72389
.73700
.74988

.68740
.70147
.71522
.72864
.74183

.67833
.69268
.70672
.72044
.73393

.66945
.68408
.69840
.71240
.72618

.66077
.67566
.69024
.70451
.71857

.65227
.66741
.68225
.69678
.71110

.64396
.65933
.67441
.68919
.70377

85
86
87
88
89

.78665
.79805
.80904
.81962
.82978

.77848
.79025
.80159
.81251
.82302

.77047
.78258
.79427
.80552
.81636

.76260
.77504
.78706
.79865
.80980

.75487
.76764
.77998
.79188
.80335

.74728
.76036
.77301
.78521
.79699

.73982
.75320
.76615
.77865
.79072

.73250
.74617
.75940
.77220
.78455

.72530
.73925
.75277
.76584
.77847

.71823
.73245
.74624
.75958
.77248

90
91
92
93
94

.83952
.84870
.85716
.86494
.87216

.83309
.84260
.85136
.85942
.86690

.82676
.83658
.84563
.85396
.86170

.82052
.83064
.83998
.84858
.85657

.81437
.82479
.83441
.84326
.85149

.80831
.81902
.82891
.83801
.84648

.80234
.81332
.82348
.83283
.84153

.79645
.80771
.81812
.82771
.83664

.79064
.80217
.81283
.82266
.83181

.78492
.79671
.80761
.81767
.82704

95
96
97
98
99

.87898
.88537
.89127
.89680
.90217

.87397
.88060
.88672
.89245
.89803

.86902
.87587
.88221
.88815
.89393

.86412
.87121
.87775
.88389
.88987

.85928
.86659
.87335
.87968
.88585

.85450
.86203
.86898
.87551
.88187

.84977
.85751
.86467
.87138
.87793

.84510
.85305
.86040
.86730
.87402

.84049
.84864
.85618
.86326
.87016

.83592
.84427
.85200
.85926
.86633

100
101
102
103
104

.90738
.91250
.91751
.92247
.92775

.90344
.90876
.91396
.91912
.92460

.89953
.90504
.91045
.91579
.92148

.89567
.90137
.90696
.91249
.91839

.89183
.89772
.90350
.90922
.91532

.88804
.89412
.90007
.90598
.91227

.88428
.89054
.89668
.90276
.90924

.88056
.88699
.89331
.89957
.90624

.87687
.88348
.88997
.89640
.90326

.87322
.88000
.88666
.89326
.90031

105
106
107
108
109

.93290
.93948
.94739
.95950
.97985

.92996
.93680
.94504
.95767
.97893

.92704
.93415
.94271
.95585
.97801

.92415
.93151
.94039
.95404
.97710

.92127
.92889
.93808
.95224
.97619

.91841
.92628
.93579
.95045
.97529

.91558
.92370
.93351
.94867
.97438

.91276
.92113
.93124
.94689
.97348

.90997
.91857
.92899
.94512
.97259

.90719
.91604
.92675
.94336
.97170

83
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
6
7
8
9

.02686
.02825
.02976
.03137
.03311

.02469
.02600
.02742
.02894
.03059

.02275
.02398
.02532
.02675
.02832

.02101
.02217
.02343
.02479
.02627

.01945
.02053
.02172
.02301
.02442

.01804
.01906
.02019
.02140
.02274

.01677
.01773
.01880
.01995
.02122

.01562
.01653
.01754
.01864
.01985

.01458
.01544
.01640
.01744
.01859

.01364
.01445
.01536
.01635
.01745

10
11
12
13
14

.03499
.03700
.03913
.04135
.04359

.03237
.03428
.03632
.03843
.04057

.03001
.03183
.03377
.03579
.03783

.02788
.02961
.03146
.03339
.03534

.02595
.02760
.02937
.03122
.03308

.02420
.02578
.02748
.02924
.03102

.02262
.02413
.02575
.02744
.02915

.02118
.02262
.02418
.02580
.02744

.01987
.02125
.02275
.02431
.02587

.01867
.02000
.02144
.02294
.02444

15
16
17
18
19

.04584
.04806
.05029
.05253
.05484

.04270
.04482
.04692
.04905
.05124

.03986
.04187
.04387
.04588
.04796

.03728
.03919
.04108
.04299
.04496

.03493
.03674
.03855
.04036
.04222

.03279
.03452
.03623
.03795
.03972

.03083
.03248
.03411
.03574
.03742

.02905
.03063
.03218
.03373
.03532

.02742
.02892
.03040
.03187
.03339

.02593
.02736
.02877
.03017
.03161

20
21
22
23
24

.05726
.05980
.06246
.06524
.06819

.05354
.05595
.05847
.06112
.06392

.05013
.05242
.05482
.05734
.06001

.04702
.04920
.05147
.05387
.05642

.04418
.04625
.04841
.05069
.05312

.04158
.04354
.04559
.04777
.05008

.03919
.04105
.04301
.04508
.04728

.03700
.03877
.04063
.04260
.04470

.03498
.03667
.03844
.04032
.04232

.03313
.03473
.03642
.03821
.04012

25
26
27
28
29

.07131
.07460
.07810
.08179
.08566

.06690
.07005
.07340
.07693
.08065

.06285
.06586
.06907
.07246
.07603

.05913
.06200
.06508
.06833
.07176

.05570
.05845
.06140
.06451
.06780

.05255
.05518
.05800
.06098
.06414

.04964
.05215
.05485
.05772
.06075

.04695
.04936
.05195
.05469
.05761

.04447
.04677
.04925
.05189
.05469

.04218
.04438
.04676
.04929
.05198

30
31
32
33
34

.08973
.09398
.09843
.10310
.10799

.08456
.08865
.09294
.09745
.10217

.07978
.08372
.08785
.09220
.09676

.07536
.07915
.08313
.08732
.09173

.07127
.07491
.07875
.08279
.08705

.06748
.07098
.07468
.07858
.08269

.06396
.06733
.07089
.07466
.07862

.06069
.06394
.06737
.07100
.07483

.05766
.06078
.06409
.06759
.07129

.05483
.05785
.06103
.06441
.06798

84
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
41
42
43
44

.14281
.14966
.15685
.16437
.17224

.13597
.14264
.14966
.15702
.16472

.12955
.13606
.14291
.15010
.15764

.12355
.12989
.13657
.14360
.15098

.11791
.12409
.13061
.13747
.14469

.11262
.11864
.12500
.13171
.13876

.10766
.11352
.11972
.12627
.13317

.10299
.10870
.11475
.12115
.12789

.09860
.10417
.11006
.11631
.12290

.09447
.09989
.10564
.11174
.11819

45
46
47
48
49

.18042
.18893
.19775
.20688
.21633

.17274
.18110
.18975
.19873
.20804

.16550
.17370
.18220
.19102
.20018

.15867
.16671
.17505
.18373
.19274

.15223
.16011
.16830
.17682
.18568

.14615
.15387
.16190
.17027
.17898

.14040
.14796
.15584
.16406
.17262

.13496
.14238
.15010
.15817
.16658

.12982
.13708
.14466
.15258
.16084

.12496
.13207
.13950
.14727
.15539

50
51
52
53
54

.22612
.23625
.24669
.25742
.26845

.21769
.22769
.23799
.24861
.25952

.20969
.21955
.22973
.24022
.25101

.20210
.21182
.22186
.23222
.24290

.19490
.20448
.21438
.22461
.23516

.18805
.19749
.20726
.21735
.22777

.18155
.19084
.20047
.21043
.22072

.17536
.18452
.19400
.20383
.21399

.16948
.17849
.18784
.19753
.20756

.16388
.17275
.18196
.19151
.20140

55
56
57
58
59

.27978
.29140
.30333
.31551
.32790

.27074
.28227
.29411
.30621
.31854

.26212
.27355
.28529
.29731
.30956

.25389
.26522
.27686
.28878
.30095

.24604
.25725
.26879
.28061
.29269

.23853
.24963
.26106
.27278
.28477

.23136
.24233
.25365
.26528
.27716

.22450
.23535
.24656
.25807
.26986

.21793
.22867
.23976
.25116
.26284

.21166
.22227
.23324
.24453
.25610

60
61
62
63
64

.34050
.35331
.36639
.37974
.39334

.33107
.34384
.35688
.37020
.38378

.32202
.33473
.34772
.36101
.37456

.31334
.32598
.33892
.35216
.36568

.30500
.31757
.33044
.34363
.35711

.29699
.30948
.32229
.33542
.34884

.28929
.30170
.31443
.32750
.34087

.28190
.29422
.30687
.31986
.33317

.27478
.28701
.29958
.31250
.32574

.26794
.28007
.29255
.30539
.31857

65
66
67
68
69
70

.40718
.42128
.43569
.45038
.46531
.48040

.39761
.41172
.42616
.44089
.45587
.47103

.38838
.40249
.41694
.43170
.44672
.46194

.37947
.39357
.40803
.42281
.43786
.45312

.37087
.38496
.39941
.41419
.42927
.44456

.36257
.37663
.39107
.40585
.42094
.43626

.35455
.36858
.38299
.39777
.41286
.42820

.34681
.36079
.37518
.38994
.40503
.42038

.33932
.35326
.36761
.38235
.39743
.41278

.33208
.34597
.36028
.37499
.39006
.40540

85
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
76
77
78
79

.55683
.57243
.58819
.60408
.62001

.54798
.56373
.57965
.59572
.61184

.53936
.55524
.57132
.58755
.60385

.53095
.54696
.56318
.57957
.59604

.52276
.53888
.55523
.57177
.58840

.51477
.53100
.54747
.56414
.58092

.50698
.52330
.53988
.55668
.57360

.49938
.51579
.53247
.54939
.56644

.49197
.50846
.52523
.54225
.55943

.48474
.50130
.51815
.53527
.55256

80
81
82
83
84

.63582
.65142
.66673
.68175
.69657

.62786
.64367
.65920
.67444
.68950

.62007
.63608
.65182
.66728
.68256

.61244
.62864
.64458
.66024
.67574

.60497
.62135
.63748
.65334
.66904

.59765
.61421
.63052
.64656
.66246

.59048
.60721
.62368
.63991
.65599

.58347
.60034
.61698
.63338
.64964

.57659
.59361
.61041
.62696
.64340

.56985
.58701
.60395
.62066
.63727

85
86
87
88
89

.71128
.72576
.73981
.75342
.76658

.70446
.71919
.73349
.74735
.76076

.69775
.71272
.72726
.74137
.75503

.69116
.70636
.72114
.73548
.74938

.68467
.70010
.71511
.72968
.74381

.67830
.69394
.70917
.72396
.73832

.67204
.68789
.70333
.71833
.73290

.66587
.68193
.69757
.71279
.72757

.65982
.67606
.69190
.70732
.72231

.65386
.67029
.68632
.70194
.71712

90
91
92
93
94

.77928
.79131
.80246
.81274
.82232

.77371
.78600
.79737
.80788
.81766

.76823
.78075
.79235
.80307
.81306

.76281
.77557
.78740
.79832
.80850

.75748
.77046
.78250
.79363
.80401

.75221
.76542
.77767
.78899
.79956

.74702
.76044
.77290
.78441
.79517

.74190
.75553
.76818
.77989
.79082

.73684
.75068
.76353
.77542
.78653

.73186
.74589
.75893
.77100
.78228

95
96
97
98
99

.83141
.83996
.84787
.85530
.86255

.82695
.83569
.84378
.85138
.85880

.82254
.83147
.83973
.84750
.85508

.81818
.82729
.83573
.84366
.85140

.81387
.82316
.83176
.83985
.84776

.80961
.81907
.82784
.83609
.84415

.80539
.81503
.82396
.83236
.84057

.80122
.81103
.82012
.82867
.83703

.79710
.80707
.81632
.82502
.83353

.79302
.80315
.81255
.82140
.83005

100
101
102
103
104

.86960
.87655
.88338
.89015
.89737

.86601
.87313
.88012
.88706
.89446

.86246
.86974
.87689
.88399
.89157

.85894
.86638
.87369
.88095
.88871

.85546
.86305
.87052
.87793
.88586

.85200
.85975
.86738
.87494
.88304

.84858
.85648
.86426
.87197
.88024

.84519
.85324
.86116
.86903
.87745

.84183
.85003
.85809
.86611
.87469

.83849
.84684
.85505
.86321
.87195

105
106
107
108
109

.90443
.91351
.92452
.94161
.97081

.90170
.91101
.92230
.93987
.96992

.89898
.90852
.92010
.93814
.96904

.89628
.90605
.91791
.93641
.96816

.89360
.90359
.91573
.93469
.96729

.89094
.90115
.91356
.93298
.96642

.88830
.89873
.91141
.93128
.96555

.88568
.89632
.90927
.92958
.96468

.88307
.89392
.90714
.92790
.96382

.88049
.89154
.90502
.92622
.96296

86
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
6
7
8
9

.01279
.01356
.01442
.01536
.01641

.01201
.01274
.01356
.01446
.01546

.01130
.01199
.01277
.01363
.01460

.01065
.01131
.01205
.01287
.01380

.01006
.01068
.01140
.01218
.01307

.00952
.01011
.01079
.01154
.01240

.00902
.00959
.01023
.01096
.01178

.00856
.00910
.00972
.01041
.01120

.00814
.00865
.00925
.00991
.01068

.00775
.00824
.00881
.00945
.01019

10
11
12
13
14

.01758
.01886
.02024
.02168
.02313

.01659
.01781
.01915
.02054
.02193

.01567
.01686
.01814
.01948
.02083

.01484
.01598
.01721
.01851
.01981

.01407
.01517
.01636
.01762
.01887

.01336
.01442
.01558
.01679
.01801

.01270
.01373
.01485
.01603
.01721

.01210
.01310
.01419
.01533
.01646

.01154
.01251
.01357
.01467
.01578

.01103
.01196
.01299
.01407
.01514

15
16
17
18
19

.02456
.02593
.02728
.02861
.02998

.02330
.02462
.02590
.02717
.02847

.02214
.02340
.02463
.02584
.02708

.02107
.02229
.02346
.02462
.02580

.02009
.02126
.02238
.02348
.02461

.01918
.02030
.02138
.02243
.02351

.01834
.01942
.02046
.02146
.02249

.01756
.01860
.01960
.02056
.02154

.01684
.01785
.01880
.01972
.02066

.01617
.01714
.01806
.01894
.01984

20
21
22
23
24

.03142
.03295
.03455
.03626
.03809

.02984
.03130
.03283
.03446
.03620

.02839
.02978
.03124
.03279
.03446

.02704
.02837
.02976
.03124
.03283

.02580
.02706
.02839
.02981
.03133

.02465
.02585
.02712
.02847
.02993

.02357
.02473
.02594
.02723
.02863

.02258
.02368
.02484
.02608
.02741

.02165
.02271
.02382
.02500
.02628

.02079
.02180
.02286
.02400
.02522

25
26
27
28
29

.04005
.04216
.04444
.04687
.04946

.03808
.04010
.04229
.04463
.04712

.03625
.03819
.04029
.04254
.04493

.03456
.03641
.03843
.04059
.04289

.03298
.03476
.03670
.03877
.04099

.03151
.03322
.03508
.03708
.03922

.03014
.03178
.03357
.03550
.03756

.02887
.03044
.03217
.03402
.03600

.02768
.02919
.03085
.03263
.03455

.02656
.02802
.02962
.03133
.03318

30
31
32
33
34

.05221
.05511
.05818
.06144
.06489

.04976
.05255
.05551
.05866
.06200

.04748
.05017
.05302
.05606
.05928

.04534
.04794
.05069
.05363
.05674

.04335
.04585
.04851
.05135
.05436

.04149
.04390
.04647
.04921
.05212

.03975
.04208
.04455
.04720
.05002

.03812
.04037
.04276
.04532
.04805

.03659
.03876
.04107
.04355
.04619

.03515
.03725
.03948
.04188
.04444

87
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
41
42
43
44

.09059
.09586
.10147
.10742
.11373

.08692
.09206
.09753
.10334
.10950

.08347
.08848
.09381
.09948
.10551

.08021
.08509
.09029
.09583
.10172

.07714
.08189
.08696
.09237
.09813

.07423
.07886
.08381
.08909
.09472

.07149
.07600
.08083
.08598
.09148

.06889
.07329
.07800
.08304
.08841

.06643
.07072
.07531
.08024
.08549

.06411
.06828
.07277
.07758
.08272

45
46
47
48
49

.12035
.12732
.13460
.14223
.15020

.11599
.12281
.12995
.13743
.14526

.11185
.11853
.12553
.13287
.14056

.10792
.11447
.12133
.12853
.13608

.10420
.11061
.11733
.12439
.13181

.10066
.10694
.11353
.12046
.12774

.09730
.10345
.10991
.11671
.12385

.09410
.10013
.10646
.11313
.12015

.09106
.09696
.10317
.10972
.11661

.08817
.09395
.10004
.10646
.11322

50
51
52
53
54

.15855
.16727
.17634
.18576
.19552

.15347
.16205
.17098
.18027
.18990

.14862
.15707
.16587
.17501
.18451

.14401
.15232
.16097
.16999
.17935

.13960
.14777
.15630
.16518
.17441

.13540
.14344
.15183
.16057
.16968

.13138
.13929
.14755
.15616
.16514

.12754
.13532
.14345
.15194
.16078

.12388
.13153
.13953
.14789
.15661

.12037
.12789
.13577
.14400
.15260

55
56
57
58
59

.20564
.21613
.22698
.23816
.24962

.19989
.21025
.22098
.23204
.24339

.19437
.20461
.21522
.22616
.23740

.18908
.19919
.20968
.22051
.23163

.18402
.19400
.20436
.21507
.22608

.17915
.18901
.19925
.20984
.22073

.17449
.18422
.19434
.20481
.21558

.17001
.17962
.18961
.19996
.21062

.16571
.17519
.18507
.19530
.20584

.16157
.17093
.18069
.19080
.20123

60
61
62

.26136 .25502 .24892 .24304 .23738 .23192 .22666 .22158 .21669 .21196
.27339 .26695 .26075 .25477 .24900 .24343 .23806 .23288 .22787 .22304
.28578 .27925 .27295 .26687 .26100 .25533 .24985 .24456 .23945 .23451

63
64

.29854 .29192 .28553 .27935 .27339 .26762 .26205 .25666 .25145 .24641
.31164 .30494 .29846 .29221 .28615 .28030 .27463 .26915 .26384 .25870

65
66
67
68
69
70

.32508
.33891
.35318
.36785
.38290
.39823

.31831
.33208
.34630
.36093
.37595
.39127

.31177
.32547
.33963
.35422
.36920
.38450

.30543
.31906
.33316
.34770
.36265
.37791

.29930
.31285
.32689
.34138
.35628
.37151

.29336
.30684
.32081
.33524
.35009
.36529

.28761
.30101
.31491
.32928
.34408
.35924

.28203
.29536
.30918
.32349
.33824
.35335

.27663
.28987
.30363
.31787
.33256
.34762

.27140
.28456
.29823
.31240
.32703
.34204

88
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
76
77
78
79

.47769
.49430
.51123
.52845
.54584

.47080
.48747
.50447
.52177
.53926

.46408
.48079
.49786
.51523
.53282

.45752
.47427
.49139
.50884
.52650

.45111
.46790
.48506
.50257
.52032

.44485
.46167
.47888
.49645
.51426

.43874
.45558
.47282
.49044
.50833

.43277
.44963
.46690
.48457
.50251

.42693
.44380
.46111
.47881
.49681

.42123
.43811
.45543
.47317
.49122

80
81
82
83
84

.56325
.58054
.59762
.61448
.63124

.55678
.57419
.59140
.60840
.62531

.55044
.56797
.58530
.60243
.61949

.54423
.56186
.57931
.59657
.61376

.53813
.55587
.57343
.59081
.60813

.53216
.54999
.56766
.58515
.60259

.52630
.54422
.56198
.57958
.59715

.52056
.53856
.55641
.57411
.59179

.51492
.53300
.55094
.56874
.58652

.50939
.52754
.54557
.56346
.58134

85
86
87
88
89

.64800
.66461
.68083
.69663
.71201

.64224
.65902
.67541
.69140
.70696

.63657
.65351
.67008
.68624
.70199

.63099
.64810
.66483
.68116
.69708

.62550
.64276
.65965
.67615
.69224

.62010
.63751
.65455
.67121
.68747

.61478
.63233
.64953
.66634
.68276

.60955
.62724
.64458
.66154
.67811

.60441
.62222
.63970
.65680
.67353

.59934
.61728
.63489
.65213
.66900

90
91
92
93
94

.72694
.74117
.75439
.76664
.77809

.72209
.73650
.74991
.76233
.77394

.71730
.73190
.74548
.75806
.76983

.71257
.72735
.74110
.75385
.76578

.70791
.72286
.73678
.74969
.76177

.70330
.71842
.73251
.74557
.75780

.69876
.71404
.72829
.74150
.75388

.69427
.70972
.72412
.73748
.75000

.68984
.70545
.72000
.73350
.74616

.68547
.70123
.71593
.72957
.74237

95
96
97
98
99

.78899
.79928
.80883
.81781
.82661

.78500
.79544
.80514
.81427
.82320

.78106
.79165
.80149
.81075
.81982

.77715
.78790
.79787
.80727
.81648

.77329
.78418
.79430
.80382
.81316

.76947
.78050
.79075
.80041
.80988

.76569
.77686
.78725
.79703
.80662

.76195
.77326
.78377
.79368
.80340

.75826
.76970
.78033
.79036
.80020

.75460
.76617
.77693
.78708
.79704

100
101
102
103
104

.83519
.84368
.85203
.86034
.86923

.83192
.84055
.84904
.85748
.86653

.82868
.83744
.84607
.85465
.86385

.82547
.83437
.84313
.85184
.86119

.82228
.83131
.84021
.84906
.85855

.81913
.82829
.83731
.84629
.85593

.81600
.82529
.83444
.84355
.85333

.81290
.82231
.83159
.84082
.85074

.80982
.81936
.82876
.83812
.84818

.80678
.81643
.82596
.83544
.84563

105
106
107
108
109

.87792
.88918
.90291
.92455
.96211

.87537
.88683
.90082
.92288
.96125

.87283
.88450
.89873
.92123
.96041

.87032
.88218
.89666
.91958
.95956

.86782
.87987
.89460
.91794
.95872

.86534
.87758
.89255
.91630
.95788

.86287
.87530
.89051
.91468
.95704

.86042
.87304
.88849
.91306
.95620

.85799
.87079
.88647
.91145
.95537

.85557
.86855
.88447
.90984
.95455

89
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
6
7
8
9

.00739
.00786
.00841
.00902
.00973

.00706
.00751
.00803
.00863
.00931

.00675
.00718
.00769
.00826
.00892

.00646
.00687
.00736
.00791
.00856

.00620
.00659
.00706
.00759
.00822

.00595
.00633
.00678
.00730
.00790

.00571
.00608
.00652
.00702
.00760

.00550
.00585
.00627
.00675
.00733

.00529
.00563
.00604
.00651
.00706

.00510
.00543
.00582
.00628
.00682

10
11
12
13
14

.01055
.01146
.01246
.01351
.01455

.01010
.01099
.01196
.01298
.01400

.00969
.01055
.01150
.01249
.01348

.00930
.01014
.01106
.01204
.01300

.00894
.00976
.01066
.01161
.01255

.00861
.00940
.01028
.01121
.01213

.00829
.00907
.00993
.01084
.01173

.00799
.00875
.00960
.01049
.01136

.00772
.00846
.00928
.01016
.01102

.00746
.00818
.00899
.00985
.01069

15
16
17
18
19

.01555
.01648
.01737
.01822
.01908

.01497
.01587
.01673
.01754
.01837

.01443
.01530
.01612
.01691
.01770

.01392
.01477
.01556
.01632
.01708

.01345
.01427
.01504
.01576
.01650

.01300
.01380
.01455
.01525
.01595

.01259
.01336
.01408
.01476
.01544

.01220
.01295
.01365
.01430
.01495

.01183
.01257
.01324
.01387
.01450

.01148
.01220
.01286
.01347
.01407

20
21
22
23
24

.01999
.02096
.02197
.02306
.02424

.01924
.02017
.02114
.02218
.02331

.01854
.01943
.02036
.02136
.02245

.01788
.01874
.01963
.02059
.02163

.01726
.01809
.01895
.01987
.02087

.01669
.01748
.01830
.01919
.02016

.01615
.01691
.01770
.01855
.01948

.01564
.01637
.01713
.01795
.01885

.01516
.01586
.01660
.01739
.01825

.01471
.01539
.01610
.01686
.01769

25
26
27
28
29

.02552
.02692
.02846
.03012
.03190

.02455
.02589
.02738
.02898
.03070

.02364
.02493
.02636
.02791
.02957

.02278
.02403
.02541
.02690
.02851

.02197
.02318
.02451
.02595
.02751

.02122
.02238
.02367
.02506
.02656

.02051
.02162
.02287
.02422
.02567

.01984
.02091
.02212
.02342
.02483

.01920
.02025
.02141
.02267
.02404

.01861
.01961
.02074
.02196
.02329

30
31
32
33
34

.03381
.03583
.03799
.04031
.04279

.03254
.03450
.03659
.03883
.04123

.03135
.03324
.03527
.03744
.03976

.03023
.03206
.03402
.03612
.03838

.02917
.03094
.03284
.03488
.03707

.02817
.02989
.03173
.03371
.03583

.02723
.02890
.03068
.03260
.03465

.02634
.02796
.02968
.03155
.03354

.02551
.02707
.02874
.03055
.03249

.02471
.02623
.02785
.02961
.03149

90
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
41
42
43
44

.06190
.06597
.07035
.07505
.08008

.05981
.06378
.06806
.07265
.07757

.05782
.06170
.06587
.07036
.07518

.05594
.05972
.06380
.06818
.07290

.05415
.05784
.06182
.06611
.07072

.05245
.05605
.05994
.06414
.06865

.05083
.05435
.05815
.06225
.06667

.04929
.05272
.05644
.06045
.06478

.04783
.05118
.05481
.05874
.06298

.04643
.04970
.05326
.05710
.06125

45
46
47
48
49

.08542
.09108
.09705
.10335
.10999

.08279
.08834
.09419
.10038
.10690

.08029
.08573
.09147
.09754
.10394

.07791
.08324
.08886
.09482
.10111

.07563
.08085
.08637
.09222
.09840

.07346
.07858
.08399
.08973
.09581

.07138
.07640
.08172
.08735
.09332

.06940
.07432
.07954
.08507
.09093

.06750
.07233
.07745
.08288
.08864

.06569
.07043
.07545
.08078
.08644

50
51
52
53
54

.11701
.12441
.13217
.14028
.14875

.11380
.12108
.12871
.13670
.14505

.11073
.11789
.12540
.13327
.14150

.10778
.11482
.12222
.12997
.13808

.10496
.11189
.11916
.12680
.13480

.10225
.10907
.11623
.12375
.13163

.09965
.10636
.11341
.12082
.12859

.09716
.10376
.11071
.11801
.12566

.09477
.10126
.10810
.11529
.12284

.09247
.09886
.10560
.11268
.12012

55
56
57
58
59

.15760
.16684
.17648
.18647
.19678

.15378
.16290
.17242
.18229
.19249

.15011
.15911
.16851
.17827
.18835

.14657
.15546
.16474
.17438
.18435

.14317
.15194
.16111
.17064
.18049

.13989
.14855
.15760
.16702
.17676

.13674
.14528
.15422
.16353
.17316

.13370
.14213
.15096
.16015
.16968

.13077
.13909
.14781
.15689
.16631

.12794
.13615
.14477
.15374
.16305

60
61
62
63
64

.20740
.21837
.22973
.24152
.25372

.20300
.21385
.22511
.23680
.24890

.19875
.20949
.22064
.23222
.24422

.19464
.20527
.21631
.22779
.23969

.19066
.20119
.21212
.22350
.23529

.18682
.19724
.20807
.21934
.23103

.18311
.19341
.20414
.21530
.22690

.17952
.18971
.20033
.21139
.22289

.17604
.18613
.19664
.20760
.21899

.17268
.18266
.19306
.20392
.21521

65
66
67
68
69
70

.26633
.27940
.29299
.30709
.32166
.33661

.26141
.27439
.28790
.30193
.31643
.33133

.25664
.26953
.28296
.29691
.31134
.32618

.25201
.26481
.27815
.29202
.30639
.32116

.24752
.26023
.27348
.28728
.30157
.31628

.24316
.25577
.26894
.28265
.29687
.31152

.23893
.25145
.26453
.27816
.29230
.30688

.23482
.24724
.26024
.27378
.28785
.30235

.23083
.24316
.25606
.26952
.28351
.29794

.22695
.23918
.25200
.26537
.27928
.29364

91
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
76
77
78
79

.41566
.43254
.44988
.46765
.48574

.41021
.42709
.44444
.46224
.48037

.40489
.42176
.43912
.45694
.47510

.39968
.41655
.43391
.45174
.46993

.39459
.41144
.42880
.44665
.46487

.38961
.40645
.42380
.44166
.45990

.38474
.40156
.41891
.43677
.45502

.37997
.39677
.41411
.43197
.45024

.37531
.39208
.40940
.42726
.44554

.37074
.38749
.40479
.42265
.44094

80
81
82
83
84

.50397
.52219
.54029
.55826
.57624

.49865
.51693
.53510
.55315
.57123

.49343
.51176
.53000
.54813
.56629

.48830
.50669
.52499
.54319
.56144

.48327
.50171
.52007
.53834
.55666

.47834
.49682
.51523
.53356
.55195

.47349
.49201
.51047
.52886
.54732

.46873
.48729
.50580
.52424
.54277

.46406
.48265
.50120
.51969
.53828

.45947
.47809
.49667
.51522
.53386

85
86
87
88
89

.59435
.61241
.63015
.64753
.66454

.58944
.60762
.62548
.64299
.66013

.58460
.60289
.62087
.63851
.65579

.57984
.59824
.61633
.63409
.65150

.57516
.59365
.61185
.62973
.64726

.57054
.58913
.60744
.62543
.64308

.56599
.58468
.60309
.62118
.63895

.56151
.58029
.59880
.61700
.63488

.55710
.57596
.59456
.61287
.63086

.55275
.57170
.59039
.60879
.62689

90
91
92
93
94

.68115
.69706
.71190
.72569
.73861

.67689
.69294
.70792
.72184
.73490

.67268
.68887
.70399
.71804
.73123

.66853
.68486
.70011
.71429
.72759

.66442
.68089
.69627
.71057
.72400

.66037
.67696
.69247
.70689
.72044

.65637
.67309
.68872
.70326
.71692

.65241
.66925
.68501
.69967
.71344

.64851
.66547
.68134
.69611
.71000

.64465
.66173
.67771
.69259
.70659

95
96
97
98
99

.75097
.76267
.77356
.78382
.79390

.74739
.75922
.77022
.78059
.79079

.74384
.75579
.76691
.77740
.78771

.74033
.75240
.76363
.77423
.78465

.73686
.74905
.76039
.77110
.78162

.73342
.74572
.75718
.76799
.77862

.73002
.74243
.75399
.76491
.77565

.72665
.73917
.75084
.76186
.77270

.72331
.73595
.74772
.75884
.76978

.72001
.73275
.74463
.75584
.76688

100
101
102
103
104

.80376
.81353
.82318
.83278
.84310

.80076
.81066
.82042
.83014
.84059

.79779
.80780
.81768
.82752
.83810

.79485
.80497
.81496
.82491
.83563

.79193
.80217
.81227
.82233
.83317

.78904
.79938
.80960
.81977
.83073

.78617
.79662
.80694
.81723
.82831

.78333
.79388
.80431
.81470
.82591

.78051
.79117
.80170
.81220
.82352

.77771
.78847
.79911
.80971
.82115

105
106
107
108
109

.85318
.86633
.88247
.90825
.95372

.85079
.86413
.88049
.90666
.95290

.84843
.86193
.87852
.90507
.95208

.84607
.85975
.87656
.90350
.95126

.84374
.85758
.87460
.90193
.95045

.84142
.85543
.87266
.90037
.94964

.83911
.85329
.87073
.89881
.94883

.83682
.85116
.86881
.89727
.94803

.83455
.84904
.86690
.89572
.94723

.83229
.84694
.86500
.89419
.94643

92
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
6
7
8
9

.00493
.00524
.00562
.00606
.00659

.00476
.00506
.00543
.00586
.00637

.00460
.00489
.00525
.00566
.00616

.00445
.00473
.00508
.00548
.00597

.00431
.00458
.00492
.00531
.00579

.00418
.00444
.00477
.00515
.00561

.00405
.00430
.00462
.00499
.00545

.00393
.00418
.00449
.00485
.00529

.00382
.00406
.00436
.00471
.00514

.00371
.00394
.00423
.00458
.00500

10
11
12
13
14

.00721
.00792
.00871
.00955
.01038

.00698
.00767
.00845
.00928
.01009

.00676
.00744
.00821
.00902
.00981

.00655
.00722
.00797
.00877
.00955

.00636
.00701
.00775
.00854
.00930

.00617
.00682
.00754
.00831
.00907

.00600
.00663
.00735
.00810
.00885

.00583
.00645
.00716
.00790
.00864

.00567
.00628
.00698
.00771
.00843

.00552
.00612
.00681
.00753
.00824

15
16
17
18
19

.01116
.01186
.01250
.01308
.01367

.01085
.01153
.01215
.01272
.01329

.01056
.01123
.01183
.01238
.01293

.01028
.01094
.01152
.01206
.01259

.01002
.01066
.01124
.01175
.01227

.00977
.01040
.01096
.01147
.01196

.00954
.01015
.01070
.01119
.01167

.00932
.00992
.01045
.01093
.01140

.00910
.00969
.01022
.01068
.01113

.00890
.00948
.00999
.01044
.01088

20
21
22
23
24

.01428
.01494
.01562
.01635
.01716

.01388
.01451
.01517
.01588
.01665

.01350
.01411
.01475
.01543
.01618

.01314
.01373
.01435
.01501
.01573

.01280
.01337
.01397
.01460
.01530

.01248
.01303
.01361
.01422
.01489

.01217
.01271
.01326
.01386
.01451

.01188
.01240
.01294
.01351
.01415

.01161
.01211
.01263
.01319
.01380

.01134
.01183
.01233
.01287
.01347

25
26
27
28
29

.01804
.01902
.02011
.02129
.02258

.01751
.01845
.01951
.02066
.02191

.01701
.01792
.01895
.02006
.02127

.01653
.01741
.01841
.01949
.02067

.01608
.01693
.01790
.01895
.02009

.01565
.01648
.01742
.01844
.01955

.01524
.01604
.01696
.01795
.01903

.01485
.01563
.01652
.01748
.01853

.01448
.01524
.01610
.01704
.01806

.01413
.01487
.01571
.01662
.01762

30
31
32
33
34

.02396
.02543
.02701
.02871
.03054

.02325
.02467
.02621
.02786
.02964

.02257
.02396
.02545
.02706
.02879

.02193
.02328
.02472
.02629
.02797

.02132
.02263
.02404
.02556
.02720

.02074
.02201
.02338
.02487
.02646

.02019
.02143
.02276
.02420
.02576

.01966
.02087
.02217
.02357
.02509

.01916
.02034
.02160
.02297
.02445

.01869
.01983
.02106
.02240
.02383

93
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
41
42
43
44

.04510
.04830
.05177
.05553
.05960

.04383
.04695
.05035
.05404
.05802

.04262
.04567
.04900
.05261
.05651

.04146
.04445
.04770
.05123
.05506

.04035
.04327
.04646
.04992
.05368

.03930
.04215
.04527
.04866
.05235

.03828
.04108
.04413
.04746
.05107

.03732
.04005
.04304
.04630
.04985

.03639
.03907
.04200
.04520
.04867

.03550
.03812
.04100
.04413
.04754

45
46
47
48
49

.06395
.06860
.07353
.07877
.08433

.06229
.06685
.07169
.07684
.08231

.06069
.06517
.06992
.07498
.08036

.05917
.06356
.06823
.07320
.07849

.05770
.06202
.06660
.07149
.07669

.05630
.06053
.06504
.06984
.07495

.05495
.05911
.06353
.06826
.07329

.05365
.05774
.06209
.06673
.07168

.05241
.05643
.06070
.06527
.07013

.05121
.05516
.05936
.06385
.06864

50
51
52
53
54

.09026
.09655
.10318
.11017
.11750

.08814
.09433
.10086
.10774
.11498

.08609
.09219
.09863
.10541
.11254

.08413
.09013
.09647
.10315
.11019

.08224
.08815
.09439
.10098
.10792

.08042
.08624
.09239
.09888
.10572

.07867
.08440
.09046
.09686
.10361

.07698
.08262
.08860
.09491
.10156

.07535
.08091
.08680
.09302
.09958

.07378
.07926
.08506
.09120
.09767

55
56
57
58
59

.12522
.13332
.14183
.15070
.15990

.12258
.13059
.13899
.14775
.15685

.12005
.12794
.13624
.14490
.15389

.11759
.12539
.13359
.14215
.15103

.11522
.12292
.13102
.13948
.14826

.11294
.12054
.12853
.13689
.14558

.11072
.11823
.12613
.13439
.14298

.10859
.11599
.12380
.13197
.14046

.10652
.11383
.12154
.12962
.13801

.10451
.11174
.11936
.12734
.13564

60
61
62
63
64

.16942
.17929
.18960
.20035
.21154

.16626
.17603
.18623
.19688
.20797

.16321
.17287
.18297
.19352
.20451

.16024
.16981
.17980
.19025
.20114

.15737
.16684
.17673
.18708
.19787

.15459
.16395
.17375
.18400
.19469

.15189
.16115
.17085
.18100
.19159

.14927
.15844
.16803
.17809
.18859

.14673
.15580
.16530
.17525
.18566

.14426
.15324
.16264
.17250
.18281

65
66
67
68
69
70

.22318
.23532
.24804
.26133
.27516
.28945

.21951
.23156
.24419
.25740
.27114
.28536

.21595
.22790
.24044
.25356
.26723
.28137

.21249
.22434
.23679
.24983
.26341
.27747

.20912
.22088
.23324
.24618
.25969
.27367

.20584
.21751
.22977
.24263
.25605
.26996

.20265
.21422
.22640
.23917
.25251
.26633

.19955
.21102
.22311
.23579
.24905
.26279

.19652
.20791
.21990
.23250
.24567
.25934

.19358
.20487
.21678
.22929
.24237
.25596

94
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
76
77
78
79

.36628
.38299
.40028
.41812
.43641

.36190
.37858
.39585
.41368
.43198

.35762
.37427
.39151
.40933
.42762

.35343
.37004
.38725
.40506
.42334

.34932
.36589
.38307
.40086
.41914

.34530
.36183
.37898
.39675
.41502

.34136
.35784
.37496
.39271
.41096

.33750
.35394
.37103
.38874
.40698

.33372
.35011
.36716
.38485
.40308

.33001
.34636
.36337
.38103
.39924

80
81
82
83
84

.45496
.47360
.49223
.51081
.52951

.45054
.46920
.48785
.50648
.52523

.44619
.46487
.48355
.50221
.52101

.44192
.46061
.47932
.49802
.51686

.43772
.45643
.47516
.49388
.51277

.43360
.45231
.47106
.48982
.50874

.42954
.44827
.46703
.48581
.50477

.42556
.44429
.46307
.48187
.50086

.42164
.44038
.45916
.47799
.49701

.41779
.43653
.45532
.47416
.49321

85
86
87
88
89

.54847
.56749
.58627
.60477
.62297

.54425
.56335
.58221
.60079
.61909

.54009
.55926
.57820
.59688
.61527

.53600
.55523
.57425
.59301
.61149

.53196
.55126
.57035
.58919
.60776

.52798
.54734
.56650
.58542
.60408

.52406
.54348
.56270
.58170
.60044

.52019
.53966
.55895
.57802
.59685

.51638
.53591
.55526
.57439
.59330

.51262
.53220
.55161
.57081
.58979

90
91
92
93
94

.64084
.65803
.67412
.68911
.70321

.63707
.65437
.67058
.68567
.69988

.63335
.65076
.66707
.68227
.69657

.62968
.64719
.66360
.67890
.69330

.62604
.64366
.66017
.67557
.69006

.62246
.64017
.65678
.67227
.68686

.61891
.63672
.65342
.66901
.68369

.61540
.63330
.65010
.66578
.68055

.61194
.62993
.64682
.66258
.67744

.60851
.62659
.64357
.65942
.67437

95
96
97
98
99

.71674
.72959
.74156
.75287
.76401

.71351
.72646
.73853
.74993
.76117

.71031
.72335
.73552
.74702
.75834

.70713
.72028
.73254
.74413
.75555

.70399
.71724
.72959
.74126
.75277

.70088
.71422
.72666
.73842
.75002

.69781
.71123
.72376
.73561
.74730

.69476
.70828
.72089
.73282
.74459

.69174
.70534
.71804
.73006
.74191

.68875
.70244
.71522
.72732
.73926

100
101
102
103
104

.77494
.78580
.79654
.80724
.81879

.77219
.78315
.79399
.80479
.81646

.76946
.78052
.79146
.80236
.81413

.76676
.77791
.78894
.79994
.81183

.76408
.77532
.78645
.79755
.80954

.76142
.77275
.78397
.79517
.80726

.75878
.77021
.78152
.79280
.80501

.75616
.76768
.77908
.79046
.80276

.75357
.76517
.77666
.78813
.80054

.75099
.76268
.77426
.78582
.79832

105
106
107
108
109

.83005
.84485
.86311
.89266
.94563

.82782
.84277
.86124
.89114
.94484

.82560
.84071
.85937
.88963
.94405

.82340
.83866
.85751
.88812
.94326

.82121
.83662
.85566
.88662
.94248

.81904
.83459
.85382
.88513
.94170

.81688
.83257
.85199
.88364
.94092

.81474
.83057
.85017
.88216
.94014

.81260
.82857
.84835
.88068
.93937

.81049
.82659
.84655
.87922
.93860

95
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
1
2
3
4

100000
99064
98992
98944
98907

37
38
39
40
41

95969
95780
95581
95373
95156

74
75
76
77
78

62852
60449
57955
55373
52704

5
6
7
8
9

98877
98850
98826
98803
98783

42
43
44
45
46

94928
94687
94431
94154
93855

79
80
81
82
83

49943
47084
44129
41091
37994

10
11
12
13
14

98766
98750
98734
98713
98681

47
48
49
50
51

93528
93173
92787
92370
91918

84
85
86
87
88

34876
31770
28687
25638
22658

15
16
17
18
19

98635
98573
98497
98409
98314

52
53
54
55
56

91424
90885
90297
89658
88965

89
90
91
92
93

19783
17046
14466
12066
9884

20
21
22
23
24

98215
98113
98006
97896
97784

57
58
59
60
61

88214
87397
86506
85537
84490

94
95
96
97
98

7951
6282
4868
3694
2745

25
26
27
28
29

97671
97556
97441
97322
97199

62
63
64
65
66

83368
82169
80887
79519
78066

99
100
101
102
103

1999
1424
991
672
443

30
31
32
33
34

97070
96934
96791
96642
96485

67
68
69
70
71

76531
74907
73186
71357
69411

104
105
106
107
108

284
175
105
60
33

35
36

96322
96150

72
73

67344
65154

109
110

17
0

96
(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.

97
*****
(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 §20.20317T(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 20.20317(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.

101
§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,

102
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
Before
After
12-31-51
12-31-70
11-30-83
04-30-89

01-01-52
01-01-71
12-01-83
05-01-89
05-01-99

Applicable
Regulations
25.2512-5A(a)
25.2512-5A(b)
25.2512-5A(c)
25.2512-5A(d)
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 §1.6642(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,

104
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 nonincomeproducing 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

105
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

106
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 §20.20317(d)(6) of this chapter or in Table S (in the case of a one-life annuity) in §20.20317T(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:

108
TABLE S value at 9.8 percent, age 60 ......
TABLE S value at 9.8 percent, age 70 ......
TABLE 90CM value at age 70 ..................
TABLE 90CM value at age 60 ..................
TABLE B value at 9.8 percent, 10 years ....
TABLE K value at 9.8 percent ...................

.21669
.34762
71357
85537
.392624
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 1.6644T(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 1st. The trust instrument requires that each year the
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%
0.2%
x

=

x
.01134

= .01106

Factor at 5.4 percent, age 60 ...........
Plus: Interpolation adjustment .........
Interpolated Factor ...........................

.39742
.01106
.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

110
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.

111
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

112
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 20.20317A(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

113
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 §20.20317A(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) * * *

114
(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

115
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 $588,016.64
($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:

119
Section

Remove

Add

1.170A-6(c)(5)
Example (1)
first and last sentence

1970

1971

1.170A-6(c)(5)
Example (2)(a)
first sentence

1970

1.170A-6(c)(5)
Example (3)(a)
first, sixth, seventh
and eighth sentences

1970

1971

1.170A-6(c)(5)
Example (3)(a)
seventh and eighth
sentences

1971

1972

1.170A-6(c)(5)
Example (3)(a)
seventh and eighth
sentences

1972

1973

1.170A-6(c)(5)
Example (3)(b)
introductory text

1970

1971

1.170A-6(c)(5)
Example (3)(b)
Table headings

Jan. 1,1970

Jan. 1,1971

1.170A-6(c)(5)
Example (3)(b)
column 1 of table

Dec. 31, 1970

Dec. 31, 1971

1.170A-6(c)(5)
Example (3)(b)
column 1 of table

Dec. 31, 1971

Dec. 31, 1972

1.170A-6(c)(5)
Example (3)(b)
column 1 of table

Dec. 31, 1972

Dec. 31, 1973

120
1.170A-6(c)(5)
Example (3)(c)

1972

1973

1.170A-6(c)(5)
Example (3)(d)

1972

1973

1.170A-12(b)(2)
paragraph heading

factor

factor before May 1, 1999

1.170A-12(b)(2)
fourth sentence

April 30, 1989,

April 30, 1989, and
before May 1, 1999,

1.170A-12(b)(2)
sixth sentence

CC:DOM:CORP:T:R

CC:DOM:CORP:R

1.170A-12(b)(2)
sixth sentence

room 5228

room 5226

1.170A-12(c)
first sentence

paragraph (f) of
such sections

§20.2031-7(d)(6)
of this chapter

1.170A-12(e)(2)
following the formula

Table 80CNSMT
in §20.2031-7

Table 90CM
in §20.2031-7T

1.170A-12(e)(3)
last sentence

E:A:G

OP:E:EP:A:1

1.170A-14(h)(4),
Example 2, fourth
sentence

December 1, 1983

May 1, 1999

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
In §1.664-4A(d)(6)

Table D in §1.664-4(e)(6)

1.664-1(a)(5)(iv)
introductory text

(iii) of this section:

(ii) of this section:

1.664-1(a)(6)
introductory text

§1.664-4(e), §1.664-4(A) §§1.664-4T(e), 1.664-4T(e) and
(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)

121
1.664-2(c)

April 30, 1989

April 30, 1999

1.664-2(c)
sixth sentence

§20.2031-7A(a)
through (d)

§20.2031-7A (a) through (e)

1.664-2(c)
sixth sentence

May 1, 1989

May 1, 1999

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)
last sentence

(or, for certain prior
periods, §1.664-4A)

1.7520-1(c)(1)
first sentence

Section 1.642(c)-6(e)(4)

Section 1.642(c)-6A(e)(5)

1.7520-1(c)(1)
second sentence

Section 1.664-4(e)(6)
contains

Sections 1.664-4(e)(6) and
1.664-4A(e)(6) contain

1.7520-1(c)(1)
third sentence

Section 20.2031-7(d)(6)
of this chapter (Estate
Tax Regulations)
contains

Sections 20.2031-7(d)(6) and
20.2031-7A(e)(4) of this chapter
contain

20.2032-1(f)(1)
fourth sentence

paragraph (d) of
§20.2031-7(A)(d)

§20.2031-7A(d)(4)

20.2055-2(f)(2)(iv)
Example (1)
second sentence

§20.2031-10(f)

§20.2031-7A(d)

20.2055-2(f)(2)(iv)
Example (2)
second sentence

§20.2031-10(f)

§20.2031-7A(d)

20.2055-2(f)(2)(iv)
Example (3)
second sentence

§20.2031-10(e)

§20.2031-7A(c)

20.2055-2(f)(2)(iv)
Example (3)
third sentence

§20.2031-10(f)

§20.2031-7A(d)

122
20.2056A-4(c)(4)(ii)(B)
penultimate sentence

Alpha Volume

Book Aleph

20.2056A-4(d),
Example 4(iii)
second sentence

Alpha Volume

Book Aleph

20.7520-1(a)(2)

1989, see §1.642(c)-6(e) 1999, see §1.642(c)-6T(e)

20.7520-1(a)(3)
second sentence

(or, for certain prior
periods, §1.664-4A)

20.7520-1(c)(1)
first sentence

Section 1.642(c)-6(e)(4)

Section 1.642(c)-6A(e)(5)

20.7520-1(c)(1)
second sentence

Section 1.664-4(e)(6)
of this chapter contains

Sections 1.664-4(e)(6) and
1.664-4A(e)(6) of this chapter
contain

20.7520-1(c)(1)
third sentence

Section 20.2031-7(d)(6)
contains

Sections 20.2031-7(d)(6) and
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)
last sentence

(or, for certain prior
periods, §1.664-4A)

25.7520-1(c)(1)
first sentence

Section 1.642(c)-6(e)(4)

Section 1.642(c)-6A(e)(5)

25.7520-1(c)(1)
second sentence

Section 1.664-4(e)(6)
of this chapter contains

Sections 1.664-4(e)(6) and
1.664-4A(e)(6) of this chapter
contain

25.7520-1(c)(1)
third sentence

Section 20.2031-7(d)(6) Sections 20.2031-7(d)(6) and
(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