[4830-01-u

]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1, 20,and 25
[TD 8886]
RIN 1545-AX07
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 regulations.
SUMMARY: This document contains final 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 will effect the valuation of inter vivos and
testamentary transfers of interests dependent on one or more measuring lives. Section
7520 of the Internal Revenue Code of 1986 (Code) was enacted by section 5031 of the
Technical and Miscellaneous Revenue Act of 1988 and was effective on May 1, 1989.
These regulations are necessary because section 7520(c)(3) directs the Secretary to
revise the actuarial 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. This document contains
amendments to the regulations revising certain tables used for the valuation of partial
interests in property under section 7520 to reflect the most recent mortality experience
available.

2
DATES: These regulations are effective June 12, 2000.
FOR FURTHER INFORMATION CONTACT: William L. Blodgett, (202) 622-3090 (not
a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
On April 30, 1999, the IRS published in the Federal Register (64 FR 23187 and
64 FR 23245) temporary regulations and a notice of proposed rulemaking by cross
reference to temporary regulations (REG-103851-99) under sections 642, 664, 2031,
2512, and 7520 relating to the use of actuarial tables in valuing annuities, interests for
life or terms of years, and remainder or reversionary interests. No written comments
responding to the notice of proposed rulemaking by cross reference to temporary
regulations were received and, thus, no hearing was held. This document adopts, with
no substantive changes, final regulations with respect to this notice of proposed
rulemaking by cross reference to temporary regulations.
The following chart summarizes the applicable interest rates and the citations to
textual materials and tables for the various periods covered under the regulations:

3
Cross Reference to Regulation Sections
Valuation
Period

Interest
Rate

Regulation
Section

4%
3.5%
6%
10%
§7520
§7520

1.642(c)-6
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)-6(e)

Table

Section 642:
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

Table G
Table S (05/01/89 - 4/30/99)
Table S (after 04/30/99)

Section 664:
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

1.664-4
1.664-4A(a)
1.664-4A(b)
1.664-4A(c)
1.664-4A(d)
1.664-4A(e)
1.664-4(e)(6)
1.664-4(e)(7)

Table E, Table F(1)
Table U(1) (05/01/89 - 4/30/99)
Table D and
Tables F(4.2) - F(14.0)
Table U(1) (after 04/30/99)

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

-

20.2031-7

4%
3.5%
6%
10%
§7520

20.2031-7A(a)
20.2031-7A(b)
20.2031-7A(c)
20.2031-7A(d)
20.2031-7A(e)

§7520

20.2031-7(d)(6)
20.2031-7(d)(7)

Table A, Table B, Table LN
Table S (05/01/89 - 4/30/99)
Life Table 80CNSMT
Table B, Table J, Table K
Table S (after 04/30/99) and
Life Table 90CM

4
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)
25.2512-5(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.
Special Analysis
It has been determined that this Treasury decision is not a significant regulatory
action as defined in Executive Order 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, the notice of proposed rulemaking by cross reference to
temporary regulations was 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

5
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
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 removing the
entries for 1.642(c)-6T, 1.664-4T and 1.7520-1T to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Par. 2. Section 1.170A-12 is amended by revising paragraphs (b)(2) and (b)(3)
to read as follows:
§1.170A-12 Valuation of a remainder interest in real property for contributions made
after July 31, 1969.
*****
(b) * * *
(2) Computation of depreciation factor. If the valuation of the remainder interest

6
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 §20.2031-7 of this chapter (or for periods before
May 1, 1999, §20.2031-7A) and on the assumption that the property depreciates on a
straight-line basis over its estimated 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,” (7-1999). A copy of this publication is available for purchase from the
Superintendent of Documents, United States Government Printing Office, Washington,
DC 20402. For transfers for which the valuation date is after April 30, 1989, and before
May 1, 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, Gamma Volume,” (8-89). This
publication is no longer available for purchase from the Superintendent of Documents.
However, it may be obtained by requesting a copy from: CC:DOM:CORP:R (IRS
Publication 1459), room 5226, Internal Revenue Service, POB 7604, Ben Franklin
Station, Washington, DC 20044. 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:

7


1+

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


1

1


∑v







lx  
lx   
2  t =0
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 §20.2031-7 (or, for
periods before May 1, 1999, the tables set forth under §20.2031-7A) of this
chapter.
(3) Example. The following example illustrates the provisions of this paragraph
(b):
Example. A, who is 62, donates to Y University a remainder interest in a
personal residence, consisting of a house and land, subject to a reserved life estate in
A. At the time of the gift, the land has a value of $30,000 and the house has a value of
$100,000 with an estimated useful life of 45 years, at the end of which the value of the
house is expected to be $20,000. The portion of the property considered to be
depreciable is $80,000 (the value of the house ($100,000) less its expected value at
the end of 45 years ($20,000)). The portion of the property considered to be
nondepreciable is $50,000 (the value of the land at the time of the gift ($30,000) plus
the expected value of the house at the end of 45 years ($20,000)). At the time of the
gift, the interest rate prescribed under section 7520 is 8.4 percent. Based on an
interest rate of 8.4 percent, the remainder factor for $1.00 prescribed in §20.2031-7(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.
*****

8
§1.170A-12T [Removed]
Par. 3. Section 1.170A-12T is removed.
Par. 4 - 5. Section 1.642(c)-6 is amended by revising paragraphs (d), (e) and (f)
to read as follows:
§1.642(c)-6 Valuation of a remainder interest in property transferred to a pooled
income fund.
*****
(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

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

9
certain circumstances). The present value of a remainder interest that is dependent on
the termination of the life of one individual is computed by the use of Table S in
paragraph (e)(6) of this section. For purposes of the computations under this section,
the age of an individual is the age at the individual’s nearest birthday.
(2) Transitional rules for valuation of transfers to pooled income funds. (i) For
purposes of sections 2055, 2106, or 2624, if on May 1, 1999, the decedent was
mentally incompetent so that the disposition of the property could not be changed, and
the decedent died after April 30, 1999, without having regained competency to dispose
of the decedent’s property, or the decedent died within 90 days of the date that the
decedent first regained competency after April 30, 1999, the present value of a
remainder interest is determined as if the valuation date with respect to the decedent’s
gross estate is either before May 1, 1999, or after April 30, 1999, at the option of the
decedent’s executor.
(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of
transfers to a pooled income fund for which the valuation date is after April 30, 1999,
and before July 1, 1999, the present value of the remainder interest under this section
is determined by use of the section 7520 interest rate for the month in which the
valuation date occurs (see §§1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate
actuarial tables under either paragraph (e)(6) of this section or §1.642(c)-6A(e)(5), at
the option of the donor or the decedent's executor, as the case may be.
(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section, where the donor
or decedent’s executor is given the option to use the appropriate actuarial tables under

10
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 (for example, gift and
income tax charitable deductions with respect to the same transfer must be determined
based on the same tables, and all assets includible in the gross estate and/or estate
tax deductions claimed must be valued based on the same tables).
(3) Present value of a remainder interest. The present value of a remainder
interest in property transferred to a pooled income fund is computed on the basis of-(i) Life contingencies determined from the values of lx that are set forth in Table
90CM in §20.2031-7(d)(7) of this chapter (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 paragraph (c) of this section 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

11
fund for the 3 taxable years immediately preceding the taxable year in which the
transfer of property is made has been purposely manipulated to be substantially less
than the rate of return that would otherwise be reasonably anticipated with the purpose
of obtaining an excessive charitable deduction, that rate of return may not be used. In
that case, the highest yearly rate of return of the fund is determined by treating the fund
as a pooled income fund that has been in existence for less than 3 preceding taxable
years.
(4) Pooled income funds in existence less than 3 taxable years. If a pooled
income fund has been in existence less than 3 taxable years immediately preceding the
taxable year in which the transfer is made to the fund and the transfer to the fund is
made after April 30, 1989, the highest rate of return is deemed to be the interest rate
(rounded to the nearest two-tenths of one percent) that is 1 percent less than the
highest annual average of the monthly section 7520 rates for the 3 calendar years
immediately preceding the calendar year in which the transfer to the pooled income
fund is made. The deemed rate of return for transfers to new pooled income funds is
recomputed each calendar year using the monthly section 7520 rates for the 3-year
period immediately preceding the calendar year in which each transfer to the fund is
made until the fund has been in existence for 3 taxable years and can compute its
highest rate of return for the 3 taxable years immediately preceding the taxable year in
which the transfer of property to the fund is made in accordance with the rules set forth
in the first sentence of paragraph (e)(3)(ii) of this section.
(5) Computation of value of remainder interest. The factor that is used in

12
determining the present value of a remainder interest that is dependent on the
termination of the life of one individual is the factor from Table S in paragraph (e)(6) of
this section under the appropriate yearly rate of return opposite the number that
corresponds to the age of the individual upon whose life the value of the remainder
interest is based (see §1.642(c)-6A for certain prior periods). The tables in paragraph
(e)(6) of this section include factors for yearly rates of return from 4.2 to 14 percent.
Many actuarial factors not contained in the tables in paragraph (e)(6) of this section are
contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Values,
Book Aleph," (7-1999). 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 paragraph (b) of this section. 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

13
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:
($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:

14
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

15
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

16
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

17
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

18
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

19
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

20
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

21
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
63
64

.26136
.27339
.28578
.29854
.31164

.25502
.26695
.27925
.29192
.30494

.24892
.26075
.27295
.28553
.29846

.24304
.25477
.26687
.27935
.29221

.23738
.24900
.26100
.27339
.28615

.23192
.24343
.25533
.26762
.28030

.22666
.23806
.24985
.26205
.27463

.22158
.23288
.24456
.25666
.26915

.21669
.22787
.23945
.25145
.26384

.21196
.22304
.23451
.24641
.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

22
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

23
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

24
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

25
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

26
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

27
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

28
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

29
(f) Effective dates. This section applies after April 30, 1999.
§1.642(c)-6T [Removed]
Par. 6. Section 1.642(c)-6T is removed.
Par. 7. Section 1.664-4 is amended by:
1. Revising paragraphs (a)(1).
2. Removing existing paragraphs (d) through (e)(5).
3. Adding paragraphs (d), (e) heading and (e)(1) through (e)(5).
4. Adding paragraph (e)(7).
5. Revising paragraph (f).
The revisions and additions read as follows:
§1.664-4 Calculation of the fair market value of the remainder interest in a charitable
remainder unitrust.
(a) * * *
(1) Life contingencies determined as to each life involved, from the values of lx
set forth in Table 90CM contained in §20.2031-7(d)(7) of this chapter 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;
*****
(d) Valuation. The fair market value of a remainder interest in a charitable

30
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

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
1.664-4A(a)
1.664-4A(b)
1.664-4A(c)
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)(7) 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

31
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
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 (for example, 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

32
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
paragraph (e)(6) of this section, for the section 7520 interest rate applicable to the
transfer. If the interest rate is between 4.2 and 14 percent, see paragraph (e)(6) of this
section. If the interest rate is below 4.2 percent or greater than 14 percent, see
paragraph (b) of this section. 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 paragraph (a) of this section. 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 paragraph (b) of this section.
(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 paragraph (e)(6) of this
section 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

33
Table D, a linear interpolation must be made. The present value of the remainder
interest is determined by multiplying the net fair market value (as of the appropriate
valuation date) of the property placed in trust by the factor determined under this
paragraph. For purposes of this section, the valuation date is, in the case of an inter
vivos transfer, the date on which the property is transferred to the trust by the donor.
However, if an election is made under section 7520 and §1.7520-2(b) to compute the
present value of the charitable interest by use of the interest rate component for either
of the 2 months preceding the month in which the date of transfer falls, the month so
elected is the valuation date for purposes of determining the interest rate and mortality
tables. In the case of a testamentary transfer under section 2055, 2106, or 2624, the
valuation date is the date of death, unless the alternate valuation date is elected under
section 2032, in which event, and within the limitations set forth in section 2032 and the
regulations thereunder, the valuation date is the alternate valuation date. If the
decedent's estate elects the alternate valuation date under section 2032 and also
elects, under section 7520 and §1.7520-2(b), to use the interest rate component for
one of the 2 months preceding the alternate valuation date, the month so elected is the
valuation date for purposes of determining the interest rate and mortality tables. The
application of this paragraph (e)(4) may be illustrated by the following example:
Example. D transfers $100,000 to a charitable remainder unitrust on January 1.
The trust instrument requires that the trust pay 8 percent of the fair market value of the
trust assets as of January 1st for a term of 12 years to D in quarterly payments (March
31, June 30, September 30, and December 31). The section 7520 rate for January (the
month that the transfer occurred) is 9.6 percent. Under Table F(9.6) in paragraph(e)(6)
of this section, 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).

34
Based on the remainder factors in Table D in paragraph(e)(6) of this section, 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
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

35
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 paragraph (b) of this section. 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 paragraph (e)(6) of this section, 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 paragraph (e)(7) of this section, the present
value of the remainder interest is $10,109.00, computed as follows:
Factor at 8.4 percent at age 45 ........... .10117
Factor at 8.6 percent at age 45 ........... .09715
Difference ............................................ .00402
Interpolation adjustment:
8.404% - 8.4% =
x
0.2%
.00402
x = .00008
Factor at 8.4 percent at age 45 .......... .10117
Less: Interpolation adjustment ........... .00008
Interpolated Factor ............................. .10109
Present value of remainder interest:
($100,000 X .10109) ...... $10,109.00
*****
(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 the termination of

36
a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph
(e)(7), and Table F(4.2) through (14.0) in paragraph (e)(6) of this section. 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,"
(7-1999). A copy of this publication is available for purchase from the Superintendent
of Documents, United States Government Printing Office, Washington, DC 20402.

37
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

38
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%
===========================================================================
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

39
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

40
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

41
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

42
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

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
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

44
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

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
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

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
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

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
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

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
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

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
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

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
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

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
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

52
(f) Effective dates. This section applies after April 30, 1999.
§1.664-4T [Removed]
Par. 8. Section 1.664-4T is removed.
Par. 9. Section 1.7520-1 is amended by:
1. Revising paragraph (b)(2).
2. Revising paragraphs (c)(1) and (c)(2).
3. Revising paragraph (d).
The revisions 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) 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 §20.20317(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) * * *
(1) Regulation sections containing tables with interest rates between 4.2 and 14

53
percent for valuation dates after April 30, 1999. Section 1.642(c)-6(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). Section
1.664-4(e)(7) contains Table U(1) (unitrust single life remainder factors). 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 unitrust single life
remainder factors applicable to valuation dates before May 1, 1999. Section 20.20317(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 20.2031-7(d)(7) of this chapter contains Table S (single life remainder
factors), 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 single life remainder factors 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 22 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:

54
(i) Internal Revenue Service Publication 1457, “Actuarial Values, Book Aleph,”
(7-1999). 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. See §20.2031-7A of this chapter for publications containing tables for
valuation dates before May 1, 1999.
(ii) Internal Revenue Service Publication 1458, “Actuarial Values, Book Beth,”
(7-1999). 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. See §1.664-4A for publications containing
tables for valuation dates before May 1, 1999.
(iii) Internal Revenue Service Publication 1459, “Actuarial Values, Book Gimel,”
(7-1999). This publication includes tables for computing depreciation adjustment
factors. See §1.170A-12.
(d) Effective date. This section applies after April 30, 1989.
§1.7520-1T [Removed]
Par. 10. Section 1.7520-1T is removed.
PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16,
1954
Par. 11. The authority citation for part 20 is amended by removing entries for

55
sections 20.2031-7T and 20.7520-1T to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
§20.2031-0 [Amended]
Par. 12 Section 20.2031-0 is amended by removing the entry for §20.2031-7T
from the contents listing.
Par. 13. Section 20.2031-7 is amended by:
1. Removing existing paragraphs (c) through (d)(5).
2. Adding paragraphs (c), (d) heading, and (d)(1) through (d)(5).
3. Revising the introductory text of paragraph (d)(6).
4. Adding paragraph (d)(7).
5. Revising paragraph (e).
The revisions and additions read as follows:
§20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or
reversionary interests.
*****
(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:

56
Valuation Date
After
Before

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
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
component for the valuation date of the interest that is being valued. For purposes of
the computations described in this section, the age of an individual is the age of that
individual at the individual’s nearest birthday. 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)-6(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 §1.664-4(e) of this

57
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
§1.664-4(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 paragraph (d)(6) of this section and Table S (for one measuring life when
the valuation date is after April 30, 1999) is contained in paragraph (d)(7) of this
section and in Internal Revenue Service Publication 1457. For information about
obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4)
of this section.
(iii) Ordinary term-of-years and life interests. If the interest to be valued is the
right of a person to receive the income of certain property, or to use certain 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

58
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 paragraph (d)(6) of this section 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 paragraph (d)(6) of this section 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-ofyears and life interests, see paragraph (d)(4) of this section.
(iv) Annuities. (A) If the interest to be valued is the right of a person to receive
an annuity that is payable at the end of each year for a term of years or for the life of
one individual, the present value of the interest is computed by multiplying the
aggregate amount payable annually by the appropriate annuity actuarial factor (that
corresponds to the applicable section 7520 interest rate and annuity period). Internal
Revenue Publication 1457 includes actuarial factors in Table B (for an annuity payable
for a term of years) and in Table S (for an annuity payable for the life of one individual
when the valuation date is after April 30, 1999). However, annuity actuarial factors are
not included in Table B in paragraph (d)(6) of this section or Table S in paragraph
(d)(7) of this section. If Internal Revenue Service Publication 1457 (or any other

59
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 paragraph (d)(6) of this section 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 paragraph (d)(6) of this section for payments made at the end
of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by
the following example:
Example. At the time of the decedent’s death, the survivor/annuitant, age 72, is
entitled to receive an annuity of $15,000 a year for life payable in equal monthly
installments at the end of each period. The section 7520 rate for the month in which
the decedent died is 9.6 percent. Under Table S in paragraph (d)(7) of this section, the
remainder factor at 9.6 percent for an individual aged 72 is .38438. By converting the
remainder factor to an annuity factor, as described above, the annuity factor at 9.6
percent for an individual aged 72 is 6.4127 (1.00000 minus .38438, divided by .096).
Under Table K in paragraph (d)(6) of this section, 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).

60
(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 paragraph (d)(6) of this section 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 §25.2512-5(d)(2)(v) of this chapter for examples explaining how to
compute the present value of an annuity or unitrust interest that is payable until the
earlier of the lapse of a specific number of years or the death of an individual.
(3) Transitional rule. (i) If a decedent dies after April 30, 1999, and if on May 1,
1999, the decedent was mentally incompetent so that the disposition of the decedent's
property could not be changed, and the decedent dies without having regained
competency to dispose of the decedent's property or dies within 90 days of the date on
which the decedent first regains competency, the fair market value of annuities, life
estates, terms for years, remainders, and reversions included in the gross estate of the
decedent is their present value determined either under this section or under the

61
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 (for example, gift and income tax
charitable deductions with respect to the same transfer must be determined based on
the same tables, and all assets includible in the gross estate and/or estate tax
deductions claimed must be valued based on the same tables).
(4) Publications and actuarial computations by the Internal Revenue Service.
Many standard actuarial factors not included in paragraphs (d)(6) or (d)(7) of this
section are included in Internal Revenue Service Publication 1457, "Actuarial Values,
Book Aleph," (7-1999). Publication 1457 also includes examples that illustrate how to

62
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. See §20.2031-7A for
publications containing actuarial factors for valuing interests for which the valuation
date is before May 1, 1999. If a special factor is required in the case of an actual
decedent, the Internal Revenue Service may furnish the factor to the executor upon a
request for a ruling. The request for a ruling must be accompanied by a recitation of
the facts including a statement of the date of birth for each measuring life, the date of
the decedent's death, any other applicable dates, and a copy of the will, trust, or other
relevant documents. A request for a ruling must comply with the instructions for
requesting a ruling published periodically in the Internal Revenue Bulletin
(see §§601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the
required user fee.
(5) Examples. The provisions of this section are illustrated by the following
examples:
Example 1. Remainder payable at an individual's death. The decedent, or the
decedent's estate, was entitled to receive certain property worth $50,000 upon the
death of A, to whom the income was bequeathed for life. At the time of the decedent's
death, A was 47 years 5 months old. In the month in which the decedent died, the
section 7520 rate was 9.8 percent. Under Table S in paragraph (d)(7) of this section,
the remainder factor at 9.8 percent for determining the present value of the remainder
interest due at the death of a person aged 47, the number of years nearest A’s actual
age at the decedent's death, is .10317. The present value of the remainder interest at
the date of the decedent's death is, therefore, $5,158.50 ($50,000 X .10317).

63
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 paragraph (d)(6) of
this section 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 paragraph (d)(6) of this section 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
paragraph (d)(6) of this section at an interest rate of 9.8 percent for quarterly annuity
payments made at the end of the period is 1.0360. The present value of the annuity is,
therefore, $39,473.67 ($10,000 X 3.8102 X 1.0360).

64
(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), for determination of the present value of an interest that is
dependent on a term of years, the tables in this paragraph (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.
*****
(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), for determination of the present value of an interest that is
dependent on the termination of a life interest, Table 90CM and Table S, single life
remainder factors applicable where the valuation date is after April 30, 1999, contained
in this paragraph (d)(7) (or Table S and Table 80CNSMT contained in §20.20317A(e)(4) for valuation dates after April 30, 1989, and before May 1, 1999) and Table J
and Table K contained in paragraph (d)(6) of this section, 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.

65
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

66
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

67
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

68
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

69
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

70
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

71
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

72
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
63
64

.26136
.27339
.28578
.29854
.31164

.25502
.26695
.27925
.29192
.30494

.24892
.26075
.27295
.28553
.29846

.24304
.25477
.26687
.27935
.29221

.23738
.24900
.26100
.27339
.28615

.23192
.24343
.25533
.26762
.28030

.22666
.23806
.24985
.26205
.27463

.22158
.23288
.24456
.25666
.26915

.21669
.22787
.23945
.25145
.26384

.21196
.22304
.23451
.24641
.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

73
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

74
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

75
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

76
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

77
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

78
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

79
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

80
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

81
(e) Effective dates. This section applies after April 30, 1999.
§20.2031-7T [Removed]
Par. 13a. Section 20.2031-7T is removed.
Par. 14. Section 20.7520-1 is amended by revising paragraphs (a)(2), (b)(2),
(c)(1), (c)(2) and (d) to read as follows:
§20.7520-1 Valuation of annuities, unitrust interests, interests for life or term of years,
and remainder or reversionary interests.
(a) * * *
(2) In the case of a transfer to a pooled income fund with a valuation date after
April 30, 1999, see §1.642(c)-6(e) (or, for certain prior periods, §1.642(c)-6A of this
chapter) of this chapter with respect to the valuation of the remainder interest.
*****
(b) * * *
(2) Mortality component. The mortality component reflects the mortality data
most recently available from the United States Census. As new mortality data becomes
available after each decennial census, the mortality component described in this
section will be revised periodically and the mortality component tables will be published
in the regulations at that time. For decedents' estates with valuation dates after April
30, 1999, the mortality component table (Table 90CM) is included in §20.2031-7(d)(7).
See §20.2031-7A for mortality component tables applicable to decedent's estates with
valuation dates before May 1, 1999.
(c) * * *

82
(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)-6(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 single life remainder factors 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 1.664-4(e)(7) of this
chapter contains Table U(1) (unitrust single life remainder factors). 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
unitrust single life remainder factors applicable to valuation dates before May 1, 1999.
Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the
present value of an interest for a term of years), Table K (annuity end-of-interval
adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment
factors). Section 20.2031-7(d)(7) contains Table S (single life remainder factors) 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
single life remainder factors 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 22 percent for valuation dates after April 30, 1999. The following

83
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,"
(7-1999). 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 and a pooled income
fund as defined in §1.642(c)-5 of this chapter. See §20.2031-7A for publications
containing tables for valuation dates before May 1, 1999.
(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth,"
(7-1999). 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. See §1.664-4A of this
chapter for publications containing tables for valuation dates before May 1, 1999.
(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel,"
(7-1999). This publication includes tables for computing depreciation adjustment
factors. See §1.170A-12 of this chapter.
(d) Effective date. This section applies after April 30, 1989.
§20.7520-1T [Removed]
Par. 15. Section 20.7520-1T is removed.
PART 25--GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

84
Par. 16. The authority citation for part 25 is amended by removing the entries
for Sections 25-2512-5T and 25.7520-1T to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
§25.2512-0 [Amended]
Par. 17. Section 25.2512-0 is amended by removing the entry for §25.2512-5T
from the contents listing.
Par. 18. Section 25.2512-5 is amended by revising paragraphs (c), (d) and (e)
to read as follows:
§25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years,
and remainder or reversionary interests.
*****
(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
After
Before

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

85
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
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

86
pooled income fund, as defined in §1.642(c)-5 of this chapter, is its value determined
under §1.642(c)-6(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 §1.664-4(e) of this chapter. The fair market value of a life interest or
term for years in a charitable remainder unitrust is the fair market value of the property
as of the date of transfer less the fair market value of the remainder interest,
determined under §1.664-4(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) of this chapter and Table S (for one measuring life when
the valuation date is after April 30, 1999) is included in §20.2031-7(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.

87
(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 §20.2031-7(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) 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 §20.2031-7(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

88
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
§20.2031-7(d)(7) (or in §20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service
Publication 1457 (or any other reliable source of annuity actuarial factors) is not
conveniently available, an annuity factor for a term of years or for one life may be
derived mathematically. This annuity factor may be derived by subtracting the
applicable remainder factor (that corresponds to the applicable section 7520 interest
rate and annuity period) in Table B (in the case of a term-of-years annuity) in §20.20317(d)(6) of this chapter or in Table S (in the case of a one-life annuity) in §20.20317(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
§20.2031-7(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

89
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 §20.2031-7(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
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

90
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
(d)(7) of this chapter as described in the following example:
Example. The donor transfers $100,000 into a trust and retains the right to
receive an annuity from the trust in the amount of $6,000 per year, payable in equal
semiannual installments at the end of each period. The semiannual installments are to
be made on each June 30th and December 31st. The annuity is payable for 10 years
or until the donor's prior death. At the time of the transfer, the donor is 59 years and 6
months old. The donor's age is taken as 60 for purposes of computing the present
value of the retained annuity. The section 7520 rate for the month in which the transfer
occurred is 9.8 percent. The present value of the donor’s retained interest is
$35,709.13, determined as follows:
TABLE S value at 9.8 percent, age 60 ......
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 (e)(7)
and §20.2031-7(d)(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

91
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
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

92
(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 (for example, gift and income tax charitable deductions with respect to
the same transfer must be determined based on the same tables, and all transfers
made on the same date must be valued based on the same tables).
(4) Publications and actuarial computations by the Internal Revenue Service.
Many standard actuarial factors not included in §§20.2031-7(d)(6) or (d)(7) of this
chapter are included in Internal Revenue Service Publication 1457, "Actuarial Values,
Book Aleph," (7-1999). 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.
See §25.2512-5A for publications containing actuarial factors for valuing interests for
which the valuation date is before May 1, 1999. 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,

93
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.
§25.2512-5T [Removed]
Par. 19. Section 25.2512-5T is removed.
Par. 20. Section 25.7520-1 is amended by revising paragraphs (b)(2), (c)(1),
(c)(2) and (d) to 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) Mortality component. The mortality component reflects the mortality data
most recently available from the United States Census. As new mortality data becomes
available after each decennial census, the mortality component described in this
section will be revised periodically and the mortality component tables will be published
in the regulations at that time. For gifts with valuation dates after April 30, 1999, the
mortality component table (Table 90CM) is included in §20.2031-7(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) * * *

94
(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)-6(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 single life remainder factors 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 1.664-4(e)(7) of this chapter contains Table
U(1) (unitrust single life remainder factors). 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 unitrust single life remainder factors
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 20.20317(d)(7) of this chapter contains Table S (single life remainder factors) 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
single life remainder factors 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 22 percent for valuation dates after April 30, 1999. The following

95
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,"
(7-1999). 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 and a pooled income
fund as defined in §1.642(c)-5 of this chapter. See §25-2512-5A for publications
containing tables for valuation dates before May 1, 1999.
(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth,"
(7-1999). 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. See §1.664-4A of this
chapter for publications containing tables for valuation dates before May 1, 1999.
(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel,"
(7-1999). This publication includes tables for computing depreciation adjustment
factors. See §1.170A-12 of this chapter.
(d) Effective date. This section applies after April 30, 1989.
§25.7520-1T [Removed]
Par. 21. Section 25.7520-1T is removed.
PARTS 1, 20 AND 25 [AMENDED]

96
Par. 22. In the list below, for each section indicated in the left column, remove
the language in the middle column and add the language in the right column:
Section

Remove

Add

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

§20.2031-7T

§20.2031-7

1.642(c)-6A(e)(2)(ii),
last sentence

§1.642(c)-6T(e)(3)(ii)

§1.642(c)-6(e)(3)(ii)

1.642(c)-6A(e)(3)

§1.642(c)-6T(e)(4)

§1.642(c)-6(e)(4)

1.642(c)-6A(e)(4),
last sentence

§1.642(c)-6T(e)(5)

§1.642(c)-6(e)(5)

1.664-1(a)(6),
introductory text

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

§§1.664-4(e) and
1.664-4A(d) and (e)

1.664-4(e)(6),
second sentence

§1.664-4T(e)(7)

paragraph (e)(5) of
this section

1.664-4A(e)(4),
fifth sentence

§1.664-4T(e)(4)

§1.664-4(e)(4)

1.664-4A(e)(4),
last sentence

§1.664-4T(e)(4)

§1.664-4(e)(4)

1.664-4A(e)(5),
fourth sentence

§1.664-4T(e)(5)

§1.664-4(e)(5)

1.664-4A(e)(5),
last sentence

§1.664-4T(e)(5)

§1.664-4(e)(5)

1.7520-1(a)(2)

§1.642(c)-6T(e)

§1.642(c)-6(e)

20.2031-7A(e)(1),
first sentence

§20.2031-7T(d)

§20.2031-7(d)

20.2055-2(f)(4)

§20.2031-7T(d)

§20.2031-7(d)

97
25.2512-5A(e)(1),
first sentence

§25.2512-5T(d)

§25.2512-5(d)

25.7520-1(a)(2)

§1.642(c)-6T(e)

§1.642(c)-6(e)

25.7520-3(b)(2)(v),
Example 5 (iii)

§20.2031-7T(d)(7)

§20.2031-7(d)(7)

Robert E. Wenzel
Deputy Commissioner of Internal Revenue

Approved:

5/17/00

Jonathan Talisman
Deputy Assistant Secretary of the Treasury (Tax Policy)