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IRS Publishes Final, Temporary Regs That Revise Actuarial Tables

MAY 7, 2009

T.D. 9448; 74 F.R. 21438-21518

DATED MAY 7, 2009
DOCUMENT ATTRIBUTES
Citations: T.D. 9448; 74 F.R. 21438-21518

[Editor's Note: At 74 F.R. 27079-27080, June 8, 2009, the IRS published corrections to the preamble and amendments portions of the following Treasury Decision. Those changes have been incorporated below.]

Use of Actuarial Tables in Valuing Annuities, Interests for Life or Terms of Years, and Remainder or Reversionary Interests

 [4830-01-p]

 

 

 DEPARTMENT OF THE TREASURY

 

 

 Internal Revenue Service

 

 

 26 CFR Parts 1, 20, and 25

 

 

 [Treasury Decision 9448]

 

 

 RIN 1545-BH96; RIN 1545-BI56

 

 

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations.

SUMMARY: This document contains regulations relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. These regulations will affect the valuation of inter vivos and testamentary transfers of interests dependent on one or more measuring lives. These regulations are necessary because section 7520(c)(3) directs the Secretary to update the actuarial tables to reflect the most recent mortality experience available. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject elsewhere in this issue of the Federal Register.

DATES: Effective Date: These regulations are effective on May 1, 2009.

Applicability Date: These regulations apply on May 1, 2009.

FOR FURTHER INFORMATION CONTACT: Mayer R. Samuels, (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

This document contains amendments to the regulations revising certain tables used for the valuation of partial interests in property under section 7520 of the Internal Revenue Code of 1986 (Code) to reflect the most recent mortality experience available.

In General

Section 7520, effective for transfers for which the valuation date is after April 30, 1989, provides generally that the value of an annuity, an interest for life or a term of years, and a remainder or reversionary interest is to be determined under tables published by the Secretary by using an interest rate (rounded to the nearest two-tenths of one percent) equal to 120 percent of the Federal midterm rate in effect under section 1274(d)(1) for the month in which the valuation date falls. Section 7520(c)(3) directed the Secretary to issue tables not later than December 31, 1989, utilizing the then most recent mortality experience. Thereafter, the Secretary is directed to revise these tables not less frequently than once each 10 years to take into account the most recent mortality experience available as of the time of the revision.

These temporary regulations, REG-107845-08, incorporate revised Table S (Single Life Remainder Factors) and Table U(1) (Unitrust Single Life Remainder Factors), effective for transfers for which the valuation date is on or after May 1, 2009, based on data compiled from the 2000 census as set forth in Life Table 2000CM, and make conforming amendments to various sections to reflect the revised tables. At the same time, in the portions of these regulations that are final regulations, REG-105643-09, the current tables, effective for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, are moved to sections containing actuarial material for historical reference. Table B, Table D, Tables F(4.2) through F(14.0), Table J, and Table K, which are not based on mortality experience, are not changed. Internal Revenue Service Publications 1457 "Actuarial Valuations Version 3A" (forthcoming 2009), 1458 "Actuarial Valuations Version 3B" (forthcoming 2009), and 1459 "Actuarial Valuations Version 3C" (forthcoming 2009) will contain a complete set of actuarial tables that include factors not contained in the temporary regulations (for example, annuity and life interest factors). These publications will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov.

The following chart summarizes the applicable interest rates and the citations to textual materials and tables for the various periods covered under the current regulations:

   Cross Reference to Regulation Sections

 

 Valuation                   Interest   Regulation

 

 Period                        Rate      Section           Table

 

       Section 642:

 

 Valuation, in general           --      1.642(c)-6

 

 before 01/01/52                 4%      1.642(c)-6A(a)

 

 01/01/52 - 12/31/70           3.5%      1.642(c)-6A(b)

 

 01/01/71 - 11/30/83             6%      1.642(c)-6A(c)

 

 12/01/83 - 04/30/89            10%      1.642(c)-6A(d)    Table G

 

 05/01/89 - 04/30/99         § 7520      1.642(c)-6A(e)    Table S (5/1/89 -

 

          4/30/99)

 

 05/01/99 - 04/30/09         § 7520      1.642(c)-6A(f)    Table S (5/1/99 -

 

          04/30/09)

 

 on or after 05/01/09        § 7520      1.642(c)-6T(e)    Table S (on or after

 

          05/01/09)

 

 

       Section 664:

 

 Valuation, in general           --      1.664-4

 

 before 01/01/52                 4%      1.664-4A(a)

 

 01/01/52 - 12/31/70           3.5%      1.664-4A(b)

 

 01/01/71 - 11/30/83             6%      1.664-4A(c)

 

 12/01/83 - 04/30/89            10%      1.664-4A(d)       Table E, Table F(1)

 

 05/01/89 - 04/30/99         § 7520      1.664-4A(e)       Table U(1) (5/1/89 -

 

          4/30/99)

 

 05/01/99 - 04/30/09         § 7520      1.664-4A(f)       Table U(1) (5/1/99 -

 

          04/30/09

 

 on or after 05/01/09        § 7520      1.664-4T(e)       Table U(1) (on or

 

          after 05/01/09

 

       1.664-4(e)        Table D and Tables

 

          F(4.2) - F(14.0)

 

 

       Section 2031:

 

 

 Valuation, in general           --      20.2031-7

 

 before 01/01/52                 4%      20.2031-7A(a)

 

 01/01/52 - 12/31/70           3.5%      20.2031-7A(b)

 

 01/01/71 - 11/30/83             6%      20.2031-7A(c)

 

 12/01/83 - 04/30/89            10%      20.2031-7A(d)     Table A, Table B,

 

          Table LN

 

 05/01/89 - 04/30/99         § 7520      20.2031-7A(e)     Table S (5/1/89 -

 

          4/30/99) and Life

 

            Table 80CNSMT

 

 05/01/99 - 04/30/09         § 7520      20.2031-7A(f)     Table S (5/1/99 -

 

          4/30/09) and Life

 

          Table 90CM

 

 on or after 05/01/09        § 7520      20.2031-7T(d)     Table S (on or after

 

          05/01/09) and Life

 

          Table 2000CM

 

       20.2031-7(d)      Table B, Table J,

 

          Table K

 

 

       Section 2512:

 

 

 Valuation, in general           --      25.2512-5

 

 before 01/01/52                 4%      25.2512-5A(a)

 

 01/01/52 - 12/31/70           3.5%      25.2512-5A(b)

 

 01/01/71 - 11/30/83             6%      25.2512-5A(c)

 

 12/01/83 - 04/30/89            10%      25.2512-5A(d)

 

 05/01/89 - 04/30/99         § 7520      25.2512-5A(e)

 

 05/01/99 - 04/30/09         § 7520      25.2512-5A(f)

 

 on or after 05/01/09        § 7520      25.2512-5T(d)

 

 

Effective Dates

These regulations are applicable in the case of annuities, interests for life or terms of years, and remainder or reversionary interests valued as of a date on or after May 1, 2009.

Transitional Rules

The regulations provide certain transitional rules intended to alleviate any adverse consequences resulting from the proposed regulatory change. For gift tax purposes, if the date of a transfer is on or after May 1, 2009, but before July 1, 2009, the donor may choose to determine the value of the gift (and/or any applicable charitable deduction) under tables based on either Life Table 90CM or Table 2000CM. Similarly, for estate tax purposes, if the decedent dies on or after May 1, 2009, but before July 1, 2009, the value of any interest (and/or any applicable charitable deduction) may be determined in the discretion of the decedent's executor under tables based on either Life Table 90CM or Table 2000CM. However, the section 7520 interest rate to be utilized is the appropriate rate for the month in which the valuation date occurs, subject to the following special rule for certain charitable transfers. Specifically, in accordance with this transitional rule and the rules contained in §§ 1.7520-2(a)(2), 20.7520-2(a)(2) and 25.7520-2(a)(2), in cases involving a charitable deduction, if the valuation date occurs on or after May 1, 2009, and before July 1, 2009, and the executor or donor elects under section 7520(a) to use the section 7520 interest rate for March 2009 or April 2009, then the mortality experience contained in 90CM must be used. If the executor or donor uses the section 7520 interest rate for May 2009 or for June 2009, then the tables based on either Table 90CM or Table 2000CM may be used. However, if the valuation date occurs after June 30, 2009, the executor or donor must use the new mortality experience contained in Table 2000CM even if the use of a prior month's interest rate is elected under section 7520(a).

In addition, for estate tax purposes, the estate of a mentally incompetent decedent may elect to value the property interest included in the gross estate either under the mortality table and interest rate in effect at the time the decedent became mentally incompetent or under the mortality table and interest rate in effect on the decedent's date of death if the decedent was under a mental incapacity that existed on May 1, 2009, and continued uninterrupted until the decedent's death, or the decedent died within 90 days after regaining competency on or after May 1, 2009.

Special Analyses

It has been determined that this Treasury decision is not a significant regulatory action as defined in EO 12866. Therefore, a regulatory assessment is not required. For applicability of the Regulatory Flexibility Act please refer to the cross-referenced notice of proposed rulemaking published elsewhere in this Federal Register. Pursuant to section 7805(f) of the Internal Revenue Code, these regulations have been 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 Mayer R. Samuels, Office of the Associate 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 adding entries in numerical order to read in part as follows:

 Authority: 26 U.S.C. 7805 * * *

 

 Section 1.170A-12T also issued under 26 U.S.C. 170(f)(4).

 

 Section 1.642(c)-6T also issued under 26 U.S.C. 642(c)(5).

 

 Section 1.664-4T also issued under 26 U.S.C. 664(a).

 

 Section 1.7520-1T also issued under 26 U.S.C. 7520(c)(2).

 

 

Par. 2. Sections 1.170A-12 is amended by revising paragraphs (b)(2) and (b)(3) and adding paragraph (f) to read as follows:

§ 1.170A-12 Valuation of a remainder interest in real property for contributions made after July 31, 1969.

* * * * *

(b)(2) and (b)(3) [Reserved]. For further guidance, see §§ 1.170A-12T(b)(2) and (b)(3).

* * * * *

(f) Effective/applicability date. This section applies to contributions made after July 31, 1969.

Par. 3. Section 1.170A-12T is added to read as follows:

§ 1.170A-12T Valuation of a remainder interest in real property for contributions made after July 31, 1969 (temporary).

(a) through (b)(1) [Reserved]. For further guidance see § 1.170A-12(a) through (b)(1).

(b)(2) Computation of depreciation factor. If the valuation of the remainder interest in depreciable property is dependent upon the continuation of one life, a special factor must be used. The factor determined under this paragraph (b)(2) is carried to the fifth decimal place. The special factor is to be computed on the basis of the interest rate and life contingencies prescribed in § 20.2031-7T (or for periods before May 1, 2009, § 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 on or after May 1, 2009, special factors for determining the present value of a remainder interest following one life and an example describing the computation are contained in Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. For transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, special factors for determining the present value of a remainder interest following one life and an example describing the computation are contained in Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (7-99). 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 are contained in Internal Revenue Service Publication 1459, "Actuarial Values, Gamma Volume," (8-89). These publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, they may be obtained by requesting a copy from: CC:PA:LPD:PR (IRS Publication 1459), Room 5205, Internal Revenue Service, P.O. Box 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:

                              Formula:

 

           n-1        r+1

 

 (1 + i/2) E(Sum of) v     [(1- l

 

            t=0               ___x+r+1  - (1- l

 

                                l             _x+r+1  )](1 -1/2n - t/n)

 

                                 x             l

 

                                                x

 

 

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 2000CM of § 20.2031-7T (or, for periods before May 1, 2009, the tables set forth under § 20.2031-7A).

 

 

(3) The following example illustrates the provisions of this paragraph (b):Example. A, who is 62, donates to Y University a remainder interest in a personal residence, consisting of a house and land, subject to a reserved life estate in A. At the time of the gift, the land has a value of $30,000 and the house has a value of $100,000 with an estimated useful life of 45 years, at the end of which period the value of the house is expected to be $20,000. The portion of the property considered to be depreciable is $80,000 (the value of the house ($100,000) less its expected value at the end of 45 years ($20,000)). The portion of the property considered to be nondepreciable is $50,000 (the value of the land at the time of the gift ($30,000) plus the expected value of the house at the end of 45 years ($20,000)). At the time of the gift, the interest rate prescribed under section 7520 is 8.4 percent. Based on an interest rate of 8.4 percent, the remainder factor for $1.00 prescribed in § 20.2031-7T(d) for a person age 62 is 0.26534. The value of the nondepreciable remainder interest is $13,267.00 (0.26534 times $50,000). The value of the depreciable remainder interest is $15,053.60 (0.18817, computed under the formula described in paragraph (b)(2) of this section, times $80,000). Therefore, the value of the remainder interest is $28,320.60.

(c) through (e) [Reserved]. For further guidance see § 1.170A-12(c) through (e).

(f) Effective/applicability date. Paragraphs (b)(2) and (b)(3) apply to all contributions made on or after May 1, 2009.

(g) Expiration date. Paragraphs (b)(2) and (b)(3) expire on or before May 1, 2012.

Par. 4. Section 1.642(c)-6 is amended as follows:

1. Paragraph (d) is removed.

2. Paragraph (e) is redesignated as paragraph (f) of § 1.642(c)-6A.

3. New paragraphs (d) and (e) are added.

4. Paragraph (f) is revised.

The revisions and addition read as follows:

§ 1.642(c)-6 Valuation of a remainder interest in property transferred to a pooled income fund.

* * * * *

(d) and (e) [Reserved]. For further guidance, see § 1.642(c)-6T(d) and (e).

(f) Effective/applicability dates. This section applies after April 30, 1999, and before May 1, 2009.

Par. 5. Section 1.642(c)-6T is added to read as follows:

§ 1.642(c)-6T Valuation of a remainder interest in property transferred to a pooled income fund (temporary).

(a) through (c) [Reserved]. For further guidance, see § 1.642(c)-6(a) through (c).

(d) Valuation. The present value of the remainder interest in property transferred to a pooled income fund on or after May 1, 2009, 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, 2009, is determined under the following sections:

  Valuation Dates

 

       Applicable

 

 After           Before                  Regulations

 

 --              01-01-52                1.642(c)-6A(a)

 

 12-31-51        01-01-71                1.642(c)-6A(b)

 

 12-31-70        12-01-83                1.642(c)-6A(c)

 

 11-30-83        05-01-89                1.642(c)-6A(d)

 

 04-30-89        05-01-99                1.642(c)-6A(e)

 

 04-30-99        05/01/09                1.642(c)-6A(f)

 

 

(e) Present value of the remainder interest in the case of transfers to pooled income funds for which the valuation date is on or after May 1, 2009 -- (1) In general. In the case of transfers to pooled income funds for which the valuation date is on or after May 1, 2009, the present value of a remainder interest is determined under this section. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). The present value of a remainder interest that is dependent on the termination of the life of one individual is computed by the use of Table S in paragraph (e)(6) of this section. For purposes of the computations under this section, the age of an individual is the age at the individual's nearest birthday.

(2) Transitional rules for valuation of transfers to pooled income funds. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died on or after May 1, 2009, 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 on or after May 1, 2009, 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 or after May 1, 2009, 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 on or after May 1, 2009, and before July 1, 2009, 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(f)(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 (e)(2)(ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(6) of this section or § 1.642(c)-6A(f)(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 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 2000CM in § 20.2031-7T(d)(7) (see § 20.2031-7A for certain prior periods); and

(ii) Discount at a rate of interest, compounded annually, equal to the highest yearly rate of return of the pooled income fund for the 3 taxable years immediately preceding its taxable year in which the transfer of property to the fund is made. For purposes of this paragraph (e), the yearly rate of return of a pooled income fund is determined as provided in § 1.642(c)-6(c) unless the highest rate of return is deemed to be the rate described in paragraph (e)(4) of this section for funds in existence less than 3 taxable years. For purposes of this paragraph (e)(3)(ii), the first taxable year of a pooled income fund is considered a taxable year even though the taxable year consists of less than 12 months. However, appropriate adjustments must be made to annualize the rate of return earned by the fund for that period. Where it appears from the facts and circumstances that the highest yearly rate of return of the fund for the 3 taxable years immediately preceding the taxable year in which the transfer of property is made has been purposely manipulated to be substantially less than the rate of return that would otherwise be reasonably anticipated with the purpose of obtaining an excessive charitable deduction, that rate of return may not be used. In that case, the highest yearly rate of return of the fund is determined by treating the fund as a pooled income fund that has been in existence for less than 3 preceding taxable years.

(4) Pooled income funds in existence less than 3 taxable years. If a pooled income fund has been in existence less than 3 taxable years immediately preceding the taxable year in which the transfer is made to the fund and the transfer to the fund is made after April 30, 1989, the highest rate of return is deemed to be the interest rate (rounded to the nearest two-tenths of one percent) that is 1 percent less than the highest annual average of the monthly section 7520 rates for the 3 calendar years immediately preceding the calendar year in which the transfer to the pooled income fund is made. The deemed rate of return for transfers to new pooled income funds is recomputed each calendar year using the monthly section 7520 rates for the 3-year period immediately preceding the calendar year in which each transfer to the fund is made until the fund has been in existence for 3 taxable years and can compute its highest rate of return for the 3 taxable years immediately preceding the taxable year in which the transfer of property to the fund is made in accordance with the rules set forth in the first sentence of paragraph (e)(3)(ii) of this section.

(5) Computation of value of remainder interest. (i) The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (e)(6) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based (See § 1.642(c)-6A for certain prior periods). The tables in paragraph (e)(6) of this section include factors for yearly rates of return from 0.2 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 Valuations Version 3A" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. For other situations, see § 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor.

(ii) 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 .16192 and under 9.6 percent is .15755. The present value of the remainder interest is $16,039.00, computed as follows:

 Factor at 9.4 percent for age 55                  .16192

 

 Factor at 9.6 percent for age 55                  .15755

 

 Difference                                        .00437

 

 Interpolation adjustment:

 

 9.47% - 9.4%      =              x

 

 ______________                ________

 

 0.2%                         .00437

 

  x =    .00153

 

 Factor at 9.4 percent for age 55                  .16192

 

 Less: Interpolation adjustment                    .00153

 

 Interpolated factor                               .16039

 

 Present value of remainder interest:

 

 ($100,000 X .16039)                $16,039.00

 

 

(6) Actuarial tables. In the case of transfers for which the valuation date is on or after May 1, 2009, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following Table S:

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     0.2%   0.4%   0.6%   0.8%   1.0%   1.2%   1.4%   1.6%   1.8%   2.0%

 

 ---------------------------------------------------------------------------

 

 0   .85816 .73751 .63478 .54723 .47252 .40872 .35416 .30747 .26745 .23313

 

 1   .85889 .73863 .63604 .54844 .47355 .40948 .35459 .30752 .26711 .23239

 

 2   .86054 .74145 .63968 .55260 .47802 .41409 .35922 .31209 .27155 .23664

 

 3   .86221 .74433 .64339 .55687 .48263 .41887 .36404 .31685 .27619 .24112

 

 4   .86390 .74725 .64716 .56121 .48733 .42374 .36898 .32175 .28098 .24575

 

 5   .86560 .75018 .65097 .56561 .49209 .42871 .37401 .32675 .28588 .25050

 

 6   .86731 .75314 .65482 .57006 .49692 .43375 .37913 .33186 .29090 .25538

 

 7   .86902 .75611 .65868 .57454 .50180 .43885 .38432 .33704 .29601 .26035

 

 8   .87073 .75909 .66258 .57907 .50674 .44403 .38960 .34233 .30122 .26544

 

 9   .87246 .76209 .66651 .58364 .51173 .44928 .39497 .34771 .30654 .27064

 

 10   .87419 .76511 .67046 .58826 .51679 .45459 .40042 .35319 .31197 .27596

 

 11   .87592 .76814 .67445 .59291 .52190 .45998 .40596 .35876 .31750 .28139

 

 12   .87766 .77119 .67845 .59761 .52706 .46544 .41157 .36443 .32313 .28693

 

 13   .87939 .77424 .68247 .60232 .53225 .47094 .41723 .37015 .32884 .29255

 

 14   .88112 .77728 .68649 .60704 .53746 .47646 .42293 .37592 .33460 .29823

 

 15   .88284 .78031 .69050 .61176 .54267 .48199 .42865 .38172 .34038 .30394

 

 16   .88455 .78333 .69449 .61647 .54788 .48752 .43437 .38752 .34619 .30968

 

 17   .88625 .78633 .69848 .62117 .55309 .49307 .44012 .39336 .35203 .31546

 

 18   .88795 .78933 .70246 .62588 .55830 .49863 .44589 .39923 .35791 .32129

 

 19   .88964 .79232 .70644 .63059 .56354 .50422 .45170 .40514 .36385 .32719

 

 20   .89132 .79532 .71044 .63534 .56882 .50987 .45757 .41114 .36987 .33317

 

 21   .89301 .79832 .71445 .64010 .57413 .51555 .46350 .41719 .37597 .33925

 

 22   .89470 .80133 .71847 .64488 .57947 .52129 .46948 .42332 .38216 .34541

 

 23   .89639 .80434 .72251 .64970 .58486 .52708 .47554 .42954 .38844 .35168

 

 24   .89808 .80737 .72658 .65456 .59031 .53295 .48169 .43586 .39484 .35809

 

 25   .89978 .81042 .73068 .65947 .59583 .53890 .48795 .44230 .40137 .36464

 

 26   .90149 .81349 .73482 .66443 .60141 .54494 .49430 .44886 .40804 .37134

 

 27   .90320 .81657 .73899 .66944 .60707 .55107 .50076 .45554 .41484 .37819

 

 28   .90492 .81968 .74319 .67450 .61278 .55728 .50733 .46233 .42178 .38520

 

 29   .90665 .82279 .74741 .67960 .61856 .56356 .51398 .46924 .42884 .39233

 

 30   .90837 .82591 .75165 .68473 .62438 .56990 .52070 .47623 .43601 .39959

 

 31   .91010 .82904 .75592 .68989 .63024 .57631 .52751 .48333 .44329 .40698

 

 32   .91182 .83218 .76020 .69509 .63616 .58278 .53440 .49052 .45068 .41449

 

 33   .91355 .83532 .76449 .70031 .64212 .58931 .54137 .49780 .45818 .42213

 

 34   .91527 .83847 .76880 .70556 .64811 .59589 .54839 .50516 .46578 .42988

 

 35   .91700 .84162 .77312 .71082 .65414 .60253 .55549 .51261 .47347 .43774

 

 36   .91872 .84477 .77744 .71611 .66021 .60921 .56266 .52014 .48127 .44572

 

 37   .92043 .84792 .78178 .72142 .66631 .61594 .56989 .52774 .48916 .45381

 

 38   .92215 .85107 .78613 .72675 .67244 .62272 .57718 .53544 .49715 .46201

 

 39   .92386 .85422 .79048 .73210 .67860 .62955 .58453 .54320 .50523 .47032

 

 40   .92557 .85736 .79483 .73746 .68479 .63641 .59194 .55104 .51340 .47873

 

 41   .92727 .86050 .79918 .74283 .69100 .64331 .59940 .55894 .52165 .48724

 

 42   .92896 .86364 .80354 .74820 .69723 .65024 .60690 .56691 .52998 .49585

 

 43   .93065 .86677 .80789 .75359 .70348 .65721 .61447 .57495 .53840 .50457

 

 44   .93234 .86990 .81225 .75899 .70976 .66422 .62208 .58305 .54690 .51338

 

 45   .93402 .87302 .81660 .76439 .71605 .67125 .62973 .59122 .55547 .52228

 

 46   .93569 .87613 .82095 .76980 .72236 .67832 .63743 .59945 .56413 .53129

 

 47   .93735 .87924 .82530 .77521 .72867 .68541 .64517 .60773 .57286 .54037

 

 48   .93901 .88233 .82964 .78062 .73501 .69253 .65295 .61606 .58166 .54955

 

 49   .94065 .88541 .83397 .78604 .74135 .69967 .66077 .62446 .59053 .55882

 

 50   .94229 .88849 .83830 .79145 .74771 .70684 .66864 .63292 .59949 .56819

 

 51   .94393 .89156 .84263 .79688 .75409 .71404 .67655 .64143 .60852 .57766

 

 52   .94556 .89462 .84695 .80230 .76048 .72127 .68450 .65001 .61763 .58722

 

 53   .94717 .89767 .85126 .80772 .76687 .72852 .69249 .65863 .62680 .59687

 

 54   .94878 .90070 .85555 .81313 .77326 .73577 .70050 .66730 .63603 .60658

 

 55   .95037 .90371 .85983 .81853 .77964 .74302 .70851 .67598 .64530 .61635

 

 56   .95195 .90670 .86406 .82388 .78599 .75024 .71651 .68465 .65457 .62613

 

 57   .95351 .90965 .86827 .82920 .79230 .75744 .72448 .69332 .66384 .63593

 

 58   .95505 .91257 .87243 .83447 .79857 .76459 .73242 .70195 .67309 .64573

 

 59   .95657 .91546 .87655 .83970 .80479 .77170 .74033 .71057 .68233 .65553

 

 60   .95807 .91832 .88064 .84490 .81098 .77879 .74822 .71918 .69158 .66534

 

 61   .95955 .92115 .88469 .85005 .81713 .78584 .75608 .72776 .70081 .67515

 

 62   .96101 .92395 .88869 .85515 .82323 .79283 .76388 .73630 .71001 .68494

 

 63   .96245 .92670 .89265 .86020 .82926 .79977 .77164 .74479 .71917 .69470

 

 64   .96387 .92942 .89655 .86518 .83524 .80665 .77933 .75323 .72828 .70443

 

 65   .96527 .93210 .90040 .87011 .84116 .81346 .78697 .76162 .73735 .71411

 

 66   .96665 .93476 .90423 .87502 .84706 .82027 .79461 .77002 .74645 .72385

 

 67   .96802 .93739 .90803 .87990 .85292 .82705 .80223 .77841 .75554 .73359

 

 68   .96937 .93999 .91179 .88472 .85874 .83378 .80980 .78676 .76461 .74331

 

 69   .97070 .94255 .91549 .88949 .86449 .84044 .81731 .79504 .77362 .75299

 

 70   .97200 .94506 .91914 .89419 .87016 .84702 .82473 .80326 .78256 .76260

 

 71   .97328 .94754 .92273 .89882 .87577 .85353 .83209 .81140 .79143 .77215

 

 72   .97453 .94997 .92626 .90338 .88129 .85996 .83935 .81945 .80021 .78162

 

 73   .97576 .95234 .92972 .90785 .88671 .86627 .84651 .82739 .80888 .79098

 

 74   .97695 .95466 .93310 .91223 .89202 .87247 .85353 .83518 .81741 .80019

 

 75   .97811 .95692 .93638 .91649 .89720 .87851 .86039 .84281 .82577 .80923

 

 76   .97924 .95910 .93957 .92063 .90224 .88440 .86708 .85026 .83393 .81807

 

 77   .98033 .96122 .94267 .92465 .90715 .89013 .87360 .85753 .84191 .82671

 

 78   .98138 .96327 .94567 .92855 .91190 .89571 .87995 .86461 .84968 .83515

 

 79   .98239 .96526 .94857 .93233 .91652 .90112 .88611 .87149 .85725 .84337

 

 80   .98337 .96717 .95138 .93598 .92098 .90635 .89208 .87817 .86460 .85135

 

 81   .98431 .96901 .95408 .93951 .92529 .91141 .89786 .88463 .87172 .85910

 

 82   .98521 .97077 .95667 .94290 .92944 .91629 .90344 .89088 .87861 .86660

 

 83   .98608 .97247 .95917 .94616 .93343 .92099 .90882 .89691 .88526 .87385

 

 84   .98691 .97409 .96156 .94928 .93727 .92551 .91399 .90271 .89166 .88084

 

 85   .98770 .97565 .96384 .95228 .94094 .92984 .91895 .90828 .89782 .88757

 

 86   .98845 .97713 .96602 .95514 .94446 .93398 .92371 .91362 .90373 .89402

 

 87   .98917 .97854 .96810 .95786 .94781 .93794 .92825 .91873 .90939 .90021

 

 88   .98985 .97988 .97008 .96046 .95100 .94171 .93258 .92361 .91479 .90612

 

 89   .99049 .98115 .97196 .96292 .95404 .94530 .93671 .92826 .91994 .91176

 

 90   .99110 .98235 .97373 .96526 .95691 .94871 .94062 .93267 .92484 .91713

 

 91   .99168 .98348 .97541 .96747 .95964 .95193 .94434 .93686 .92949 .92223

 

 92   .99222 .98455 .97700 .96955 .96222 .95498 .94785 .94083 .93390 .92707

 

 93   .99273 .98556 .97849 .97152 .96464 .95786 .95117 .94457 .93806 .93163

 

 94   .99321 .98651 .97989 .97337 .96692 .96057 .95429 .94810 .94199 .93595

 

 95   .99366 .98739 .98121 .97510 .96907 .96312 .95724 .95143 .94569 .94002

 

 96   .99408 .98822 .98244 .97673 .97108 .96551 .95999 .95454 .94916 .94384

 

 97   .99447 .98900 .98359 .97825 .97297 .96774 .96258 .95747 .95242 .94742

 

 98   .99483 .98973 .98467 .97967 .97473 .96984 .96500 .96021 .95547 .95078

 

 99   .99518 .99040 .98568 .98101 .97638 .97180 .96727 .96278 .95834 .95394

 

 100   .99549 .99103 .98661 .98224 .97791 .97362 .96937 .96516 .96100 .95687

 

 101   .99579 .99162 .98750 .98340 .97935 .97534 .97136 .96742 .96351 .95964

 

 102   .99607 .99217 .98831 .98448 .98068 .97692 .97319 .96950 .96583 .96220

 

 103   .99634 .99271 .98911 .98553 .98199 .97848 .97500 .97155 .96812 .96473

 

 104   .99659 .99320 .98984 .98651 .98320 .97992 .97666 .97344 .97023 .96705

 

 105   .99683 .99369 .99056 .98747 .98439 .98134 .97830 .97530 .97231 .96934

 

 106   .99713 .99429 .99146 .98865 .98586 .98309 .98033 .97760 .97488 .97218

 

 107   .99747 .99496 .99246 .98998 .98751 .98506 .98262 .98020 .97779 .97539

 

 108   .99800 .99602 .99404 .99208 .99012 .98818 .98624 .98431 .98240 .98049

 

 109   .99900 .99801 .99702 .99603 .99505 .99407 .99310 .99213 .99116 .99020

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     2.2%   2.4%   2.6%   2.8%   3.0%   3.2%   3.4%   3.6%   3.8%   4.0%

 

 ---------------------------------------------------------------------------

 

 0   .20365 .17830 .15648 .13767 .12144 .10741 .09528 .08476 .07564 .06772

 

 1   .20251 .17677 .15458 .13542 .11885 .10451 .09209 .08131 .07194 .06379

 

 2   .20656 .18060 .15817 .13877 .12197 .10740 .09476 .08376 .07420 .06586

 

 3   .21084 .18466 .16200 .14236 .12533 .11054 .09767 .08647 .07670 .06817

 

 4   .21527 .18888 .16600 .14613 .12887 .11385 .10076 .08935 .07938 .07066

 

 5   .21984 .19324 .17013 .15004 .13255 .11730 .10399 .09237 .08220 .07329

 

 6   .22454 .19773 .17440 .15408 .13636 .12089 .10736 .09553 .08515 .07605

 

 7   .22933 .20233 .17879 .15824 .14030 .12460 .11085 .09880 .08822 .07892

 

 8   .23425 .20705 .18330 .16254 .14436 .12844 .11447 .10221 .09142 .08193

 

 9   .23930 .21191 .18795 .16697 .14857 .13243 .11824 .10576 .09476 .08507

 

 10   .24446 .21689 .19273 .17153 .15292 .13655 .12214 .10945 .09824 .08835

 

 11   .24975 .22200 .19764 .17623 .15740 .14081 .12619 .11328 .10187 .09177

 

 12   .25515 .22724 .20268 .18107 .16202 .14521 .13037 .11724 .10563 .09533

 

 13   .26064 .23256 .20782 .18600 .16674 .14972 .13466 .12132 .10949 .09900

 

 14   .26620 .23796 .21303 .19101 .17154 .15430 .13903 .12547 .11344 .10273

 

 15   .27179 .24340 .21829 .19607 .17639 .15894 .14344 .12968 .11743 .10652

 

 16   .27742 .24887 .22358 .20117 .18128 .16361 .14790 .13391 .12145 .11034

 

 17   .28309 .25439 .22893 .20632 .18622 .16834 .15241 .13821 .12554 .11421

 

 18   .28881 .25997 .23434 .21154 .19123 .17314 .15699 .14258 .12969 .11815

 

 19   .29461 .26563 .23983 .21684 .19633 .17803 .16167 .14703 .13393 .12218

 

 20   .30050 .27139 .24543 .22226 .20156 .18304 .16646 .15161 .13829 .12633

 

 21   .30649 .27726 .25114 .22779 .20689 .18817 .17138 .15631 .14277 .13060

 

 22   .31259 .28323 .25697 .23344 .21235 .19342 .17642 .16114 .14739 .13500

 

 23   .31879 .28934 .26293 .23923 .21795 .19882 .18161 .16612 .15215 .13955

 

 24   .32515 .29559 .26904 .24519 .22372 .20440 .18699 .17128 .15710 .14429

 

 25   .33166 .30201 .27534 .25133 .22969 .21018 .19256 .17665 .16226 .14924

 

 26   .33833 .30861 .28182 .25767 .23586 .21616 .19835 .18224 .16764 .15440

 

 27   .34517 .31538 .28849 .26420 .24224 .22236 .20436 .18804 .17324 .15980

 

 28   .35217 .32233 .29535 .27093 .24882 .22877 .21058 .19407 .17907 .16542

 

 29   .35932 .32944 .30237 .27784 .25558 .23537 .21701 .20031 .18511 .17126

 

 30   .36661 .33670 .30956 .28492 .26253 .24216 .22362 .20674 .19135 .17730

 

 31   .37403 .34411 .31691 .29217 .26965 .24914 .23044 .21338 .19779 .18355

 

 32   .38160 .35167 .32442 .29960 .27697 .25631 .23745 .22022 .20445 .19002

 

 33   .38930 .35939 .33211 .30721 .28447 .26368 .24467 .22727 .21133 .19671

 

 34   .39713 .36724 .33993 .31497 .29213 .27123 .25207 .23451 .21839 .20360

 

 35   .40509 .37523 .34792 .32290 .29998 .27896 .25967 .24195 .22567 .21070

 

 36   .41318 .38337 .35606 .33100 .30800 .28688 .26746 .24961 .23317 .21803

 

 37   .42139 .39165 .36435 .33927 .31621 .29499 .27546 .25746 .24087 .22557

 

 38   .42974 .40008 .37281 .34771 .32460 .30330 .28366 .26554 .24880 .23334

 

 39   .43821 .40864 .38141 .35631 .33316 .31179 .29205 .27381 .25694 .24133

 

 40   .44679 .41734 .39016 .36507 .34189 .32046 .30064 .28229 .26529 .24954

 

 41   .45549 .42616 .39906 .37399 .35080 .32932 .30942 .29097 .27386 .25797

 

 42   .46430 .43511 .40809 .38307 .35987 .33836 .31840 .29986 .28264 .26662

 

 43   .47324 .44421 .41729 .39232 .36913 .34760 .32758 .30897 .29165 .27552

 

 44   .48229 .45343 .42663 .40172 .37857 .35702 .33697 .31829 .30088 .28465

 

 45   .49144 .46277 .43611 .41128 .38817 .36663 .34655 .32782 .31033 .29400

 

 46   .50072 .47225 .44574 .42101 .39796 .37644 .35634 .33757 .32002 .30360

 

 47   .51009 .48185 .45550 .43089 .40791 .38642 .36633 .34753 .32992 .31343

 

 48   .51958 .49158 .46540 .44093 .41803 .39660 .37652 .35770 .34006 .32351

 

 49   .52917 .50143 .47545 .45113 .42833 .40696 .38691 .36810 .35043 .33383

 

 50   .53888 .51141 .48566 .46150 .43883 .41754 .39754 .37874 .36106 .34442

 

 51   .54871 .52153 .49602 .47204 .44951 .42832 .40838 .38961 .37194 .35528

 

 52   .55865 .53179 .50653 .48276 .46038 .43931 .41945 .40073 .38307 .36641

 

 53   .56869 .54217 .51718 .49363 .47143 .45050 .43074 .41208 .39446 .37781

 

 54   .57882 .55265 .52796 .50465 .48265 .46186 .44222 .42364 .40607 .38945

 

 55   .58902 .56322 .53884 .51579 .49400 .47338 .45387 .43540 .41789 .40131

 

 56   .59926 .57383 .54978 .52701 .50544 .48501 .46565 .44729 .42987 .41335

 

 57   .60951 .58449 .56078 .53830 .51698 .49675 .47755 .45932 .44201 .42555

 

 58   .61978 .59517 .57182 .54964 .52858 .50858 .48956 .47147 .45427 .43790

 

 59   .63007 .60589 .58290 .56105 .54027 .52050 .50167 .48375 .46668 .45041

 

 60   .64039 .61665 .59405 .57254 .55205 .53253 .51392 .49617 .47925 .46310

 

 61   .65072 .62743 .60524 .58409 .56390 .54465 .52627 .50872 .49196 .47595

 

 62   .66104 .63822 .61645 .59566 .57581 .55683 .53870 .52136 .50478 .48892

 

 63   .67133 .64900 .62766 .60726 .58774 .56907 .55120 .53409 .51770 .50200

 

 64   .68161 .65977 .63887 .61887 .59970 .58134 .56375 .54688 .53071 .51519

 

 65   .69186 .67053 .65009 .63049 .61170 .59367 .57637 .55976 .54381 .52849

 

 66   .70216 .68136 .66140 .64223 .62383 .60615 .58916 .57283 .55713 .54203

 

 67   .71250 .69224 .67277 .65405 .63605 .61874 .60208 .58605 .57062 .55575

 

 68   .72283 .70312 .68416 .66590 .64833 .63140 .61509 .59938 .58423 .56963

 

 69   .73312 .71398 .69553 .67776 .66062 .64409 .62815 .61277 .59793 .58360

 

 70   .74335 .72479 .70688 .68959 .67291 .65680 .64124 .62621 .61168 .59764

 

 71   .75353 .73556 .71819 .70141 .68519 .66951 .65434 .63968 .62549 .61176

 

 72   .76364 .74626 .72945 .71318 .69744 .68220 .66745 .65317 .63933 .62593

 

 73   .77365 .75686 .74061 .72487 .70962 .69484 .68051 .66662 .65315 .64009

 

 74   .78350 .76733 .75164 .73643 .72167 .70735 .69346 .67997 .66688 .65417

 

 75   .79318 .77761 .76249 .74781 .73355 .71971 .70625 .69318 .68048 .66813

 

 76   .80266 .78769 .77314 .75899 .74524 .73187 .71886 .70621 .69390 .68192

 

 77   .81194 .79756 .78358 .76997 .75672 .74382 .73127 .71904 .70713 .69553

 

 78   .82100 .80722 .79380 .78072 .76798 .75556 .74346 .73166 .72016 .70894

 

 79   .82984 .81664 .80378 .79124 .77900 .76706 .75542 .74405 .73296 .72213

 

 80   .83843 .82582 .81351 .80149 .78976 .77830 .76711 .75618 .74550 .73507

 

 81   .84678 .83474 .82298 .81148 .80025 .78927 .77853 .76803 .75777 .74773

 

 82   .85487 .84339 .83217 .82119 .81045 .79994 .78966 .77959 .76974 .76009

 

 83   .86269 .85177 .84107 .83060 .82035 .81030 .80047 .79083 .78139 .77214

 

 84   .87024 .85986 .84968 .83970 .82993 .82035 .81095 .80174 .79271 .78385

 

 85   .87751 .86765 .85798 .84849 .83919 .83005 .82110 .81230 .80368 .79521

 

 86   .88450 .87515 .86597 .85696 .84811 .83942 .83089 .82251 .81428 .80619

 

 87   .89119 .88234 .87363 .86508 .85668 .84843 .84031 .83234 .82450 .81679

 

 88   .89760 .88922 .88099 .87289 .86492 .85708 .84938 .84180 .83434 .82700

 

 89   .90372 .89580 .88801 .88034 .87280 .86537 .85806 .85087 .84378 .83681

 

 90   .90954 .90207 .89471 .88746 .88032 .87329 .86637 .85954 .85282 .84620

 

 91   .91508 .90803 .90109 .89424 .88750 .88085 .87429 .86783 .86146 .85518

 

 92   .92033 .91369 .90714 .90068 .89432 .88803 .88184 .87572 .86969 .86374

 

 93   .92530 .91904 .91287 .90678 .90078 .89484 .88899 .88321 .87751 .87188

 

 94   .92999 .92411 .91830 .91256 .90690 .90130 .89578 .89032 .88493 .87961

 

 95   .93442 .92889 .92342 .91802 .91269 .90741 .90220 .89706 .89197 .88694

 

 96   .93858 .93338 .92824 .92316 .91813 .91316 .90825 .90340 .89859 .89385

 

 97   .94248 .93759 .93276 .92798 .92325 .91857 .91395 .90937 .90484 .90036

 

 98   .94614 .94155 .93701 .93252 .92807 .92367 .91931 .91500 .91073 .90650

 

 99   .94959 .94528 .94101 .93679 .93260 .92846 .92436 .92030 .91628 .91229

 

 100   .95278 .94874 .94473 .94075 .93682 .93292 .92906 .92523 .92144 .91769

 

 101   .95581 .95201 .94824 .94451 .94081 .93715 .93352 .92992 .92635 .92281

 

 102   .95860 .95503 .95149 .94798 .94450 .94105 .93763 .93424 .93088 .92754

 

 103   .96136 .95802 .95470 .95142 .94816 .94492 .94171 .93853 .93538 .93224

 

 104   .96390 .96077 .95766 .95458 .95152 .94848 .94547 .94248 .93951 .93657

 

 105   .96640 .96347 .96057 .95769 .95483 .95199 .94917 .94637 .94359 .94083

 

 106   .96950 .96684 .96420 .96157 .95896 .95636 .95379 .95123 .94868 .94616

 

 107   .97301 .97064 .96829 .96595 .96362 .96131 .95901 .95672 .95445 .95219

 

 108   .97859 .97670 .97482 .97295 .97109 .96923 .96739 .96555 .96373 .96191

 

 109   .98924 .98828 .98733 .98638 .98544 .98450 .98356 .98263 .98170 .98077

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%   5.6%   5.8%   6.0%

 

 ---------------------------------------------------------------------------

 

 0   .06083 .05483 .04959 .04501 .04101 .03749 .03441 .03170 .02931 .02721

 

 1   .05668 .05049 .04507 .04034 .03618 .03254 .02934 .02652 .02403 .02183

 

 2   .05858 .05222 .04665 .04178 .03750 .03373 .03042 .02750 .02492 .02264

 

 3   .06072 .05420 .04848 .04346 .03904 .03516 .03173 .02871 .02603 .02366

 

 4   .06303 .05634 .05046 .04530 .04075 .03674 .03319 .03006 .02729 .02483

 

 5   .06547 .05861 .05258 .04726 .04258 .03844 .03478 .03153 .02866 .02610

 

 6   .06805 .06102 .05482 .04935 .04453 .04026 .03647 .03312 .03014 .02749

 

 7   .07074 .06353 .05717 .05155 .04658 .04217 .03826 .03479 .03171 .02895

 

 8   .07356 .06617 .05964 .05386 .04875 .04421 .04017 .03658 .03338 .03053

 

 9   .07651 .06895 .06225 .05631 .05105 .04637 .04220 .03849 .03518 .03222

 

 10   .07960 .07185 .06499 .05889 .05347 .04865 .04435 .04052 .03709 .03402

 

 11   .08283 .07490 .06786 .06160 .05603 .05106 .04663 .04267 .03912 .03594

 

 12   .08620 .07808 .07087 .06444 .05871 .05360 .04903 .04494 .04127 .03798

 

 13   .08967 .08137 .07397 .06738 .06149 .05623 .05152 .04729 .04351 .04010

 

 14   .09321 .08472 .07715 .07038 .06433 .05892 .05406 .04971 .04579 .04227

 

 15   .09680 .08812 .08036 .07342 .06721 .06164 .05664 .05214 .04810 .04445

 

 16   .10041 .09154 .08360 .07649 .07011 .06438 .05923 .05459 .05041 .04664

 

 17   .10409 .09502 .08689 .07960 .07305 .06716 .06185 .05707 .05276 .04886

 

 18   .10782 .09855 .09024 .08276 .07604 .06998 .06452 .05959 .05514 .05111

 

 19   .11164 .10217 .09366 .08600 .07910 .07288 .06726 .06218 .05758 .05341

 

 20   .11559 .10592 .09721 .08937 .08228 .07589 .07010 .06487 .06012 .05582

 

 21   .11965 .10977 .10087 .09283 .08557 .07900 .07305 .06765 .06276 .05831

 

 22   .12383 .11376 .10465 .09642 .08897 .08223 .07610 .07055 .06550 .06090

 

 23   .12817 .11789 .10859 .10016 .09252 .08559 .07930 .07358 .06837 .06363

 

 24   .13270 .12221 .11270 .10408 .09625 .08914 .08267 .07678 .07141 .06651

 

 25   .13744 .12674 .11703 .10821 .10019 .09289 .08625 .08018 .07465 .06960

 

 26   .14239 .13149 .12158 .11256 .10435 .09686 .09003 .08380 .07810 .07288

 

 27   .14758 .13647 .12636 .11714 .10873 .10106 .09405 .08764 .08177 .07639

 

 28   .15300 .14169 .13137 .12195 .11335 .10549 .09829 .09171 .08567 .08012

 

 29   .15864 .14712 .13660 .12698 .11819 .11013 .10275 .09598 .08977 .08406

 

 30   .16448 .15275 .14203 .13222 .12323 .11498 .10742 .10047 .09408 .08820

 

 31   .17053 .15861 .14769 .13768 .12849 .12006 .11230 .10517 .09860 .09255

 

 32   .17680 .16468 .15357 .14336 .13398 .12535 .11741 .11009 .10335 .09712

 

 33   .18330 .17099 .15968 .14927 .13970 .13088 .12275 .11525 .10832 .10192

 

 34   .19000 .17750 .16599 .15539 .14562 .13661 .12829 .12061 .11350 .10693

 

 35   .19692 .18423 .17253 .16174 .15178 .14258 .13408 .12621 .11892 .11217

 

 36   .20407 .19119 .17931 .16833 .15818 .14879 .14009 .13204 .12457 .11764

 

 37   .21144 .19838 .18631 .17515 .16481 .15523 .14635 .13811 .13046 .12335

 

 38   .21904 .20582 .19357 .18222 .17170 .16193 .15287 .14444 .13661 .12932

 

 39   .22687 .21348 .20105 .18952 .17882 .16887 .15962 .15102 .14300 .13554

 

 40   .23493 .22137 .20878 .19707 .18619 .17606 .16663 .15784 .14965 .14201

 

 41   .24322 .22950 .21674 .20487 .19381 .18350 .17390 .16493 .15656 .14873

 

 42   .25173 .23786 .22494 .21290 .20168 .19120 .18141 .17227 .16372 .15572

 

 43   .26049 .24648 .23342 .22122 .20982 .19918 .18922 .17990 .17118 .16301

 

 44   .26950 .25535 .24214 .22979 .21824 .20742 .19730 .18781 .17892 .17057

 

 45   .27874 .26447 .25112 .23862 .22692 .21595 .20566 .19600 .18694 .17843

 

 46   .28824 .27385 .26038 .24774 .23589 .22476 .21431 .20450 .19527 .18659

 

 47   .29798 .28349 .26989 .25712 .24513 .23386 .22326 .21328 .20390 .19505

 

 48   .30797 .29338 .27967 .26678 .25466 .24325 .23250 .22238 .21283 .20383

 

 49   .31822 .30355 .28974 .27674 .26449 .25294 .24206 .23179 .22210 .21294

 

 50   .32876 .31401 .30011 .28701 .27465 .26298 .25196 .24156 .23172 .22242

 

 51   .33958 .32477 .31079 .29759 .28513 .27335 .26221 .25168 .24170 .23226

 

 52   .35068 .33582 .32178 .30851 .29595 .28407 .27282 .26216 .25206 .24249

 

 53   .36206 .34717 .33308 .31974 .30710 .29513 .28378 .27301 .26279 .25309

 

 54   .37371 .35880 .34467 .33127 .31857 .30651 .29507 .28420 .27388 .26406

 

 55   .38559 .37067 .35652 .34308 .33032 .31820 .30668 .29572 .28529 .27537

 

 56   .39765 .38275 .36859 .35512 .34232 .33014 .31855 .30751 .29699 .28697

 

 57   .40990 .39502 .38086 .36739 .35455 .34233 .33068 .31957 .30898 .29887

 

 58   .42231 .40747 .39333 .37985 .36700 .35474 .34304 .33188 .32121 .31103

 

 59   .43490 .42011 .40600 .39253 .37968 .36740 .35567 .34446 .33374 .32348

 

 60   .44768 .43296 .41890 .40546 .39261 .38033 .36858 .35733 .34656 .33625

 

 61   .46064 .44600 .43200 .41860 .40578 .39351 .38175 .37048 .35968 .34933

 

 62   .47373 .45920 .44527 .43194 .41915 .40690 .39514 .38387 .37305 .36267

 

 63   .48696 .47253 .45870 .44544 .43271 .42049 .40876 .39749 .38666 .37625

 

 64   .50030 .48601 .47229 .45911 .44645 .43428 .42258 .41133 .40051 .39010

 

 65   .51377 .49963 .48603 .47295 .46037 .44827 .43662 .42540 .41460 .40420

 

 66   .52750 .51352 .50007 .48711 .47464 .46262 .45103 .43987 .42911 .41872

 

 67   .54144 .52765 .51436 .50154 .48919 .47727 .46578 .45468 .44397 .43363

 

 68   .55554 .54196 .52885 .51619 .50398 .49218 .48079 .46978 .45915 .44887

 

 69   .56976 .55640 .54349 .53102 .51896 .50731 .49603 .48513 .47458 .46438

 

 70   .58407 .57095 .55826 .54598 .53410 .52260 .51147 .50069 .49025 .48013

 

 71   .59848 .58561 .57316 .56109 .54940 .53808 .52710 .51646 .50615 .49614

 

 72   .61294 .60035 .58815 .57632 .56484 .55371 .54291 .53243 .52225 .51237

 

 73   .62741 .61512 .60318 .59160 .58035 .56943 .55882 .54851 .53849 .52876

 

 74   .64183 .62983 .61818 .60686 .59586 .58516 .57476 .56464 .55480 .54523

 

 75   .65612 .64444 .63309 .62204 .61129 .60083 .59065 .58074 .57109 .56169

 

 76   .67026 .65891 .64786 .63710 .62661 .61640 .60646 .59676 .58731 .57810

 

 77   .68423 .67321 .66248 .65201 .64181 .63186 .62215 .61269 .60345 .59444

 

 78   .69800 .68733 .67692 .66676 .65684 .64717 .63772 .62849 .61948 .61068

 

 79   .71156 .70124 .69116 .68132 .67170 .66230 .65312 .64414 .63537 .62680

 

 80   .72487 .71490 .70516 .69563 .68632 .67721 .66830 .65959 .65106 .64272

 

 81   .73791 .72830 .71890 .70970 .70069 .69188 .68325 .67481 .66654 .65844

 

 82   .75065 .74140 .73235 .72348 .71479 .70628 .69794 .68977 .68176 .67391

 

 83   .76308 .75419 .74548 .73695 .72858 .72037 .71232 .70443 .69669 .68909

 

 84   .77516 .76664 .75828 .75008 .74203 .73413 .72638 .71877 .71130 .70396

 

 85   .78689 .77873 .77072 .76285 .75512 .74753 .74008 .73275 .72556 .71849

 

 86   .79825 .79044 .78278 .77524 .76783 .76055 .75340 .74636 .73944 .73264

 

 87   .80921 .80176 .79443 .78722 .78014 .77316 .76630 .75956 .75292 .74638

 

 88   .81978 .81268 .80569 .79880 .79203 .78536 .77880 .77234 .76598 .75971

 

 89   .82994 .82317 .81651 .80995 .80349 .79712 .79085 .78467 .77859 .77259

 

 90   .83967 .83324 .82690 .82065 .81450 .80843 .80244 .79655 .79073 .78500

 

 91   .84898 .84288 .83685 .83091 .82505 .81928 .81358 .80795 .80241 .79693

 

 92   .85787 .85208 .84636 .84072 .83515 .82966 .82423 .81888 .81360 .80838

 

 93   .86632 .86083 .85541 .85006 .84477 .83955 .83440 .82931 .82428 .81931

 

 94   .87435 .86915 .86402 .85894 .85393 .84898 .84409 .83925 .83447 .82975

 

 95   .88197 .87705 .87219 .86739 .86265 .85795 .85331 .84872 .84419 .83970

 

 96   .88915 .88451 .87991 .87537 .87088 .86643 .86203 .85768 .85338 .84912

 

 97   .89593 .89154 .88720 .88290 .87865 .87444 .87028 .86616 .86208 .85804

 

 98   .90232 .89818 .89408 .89002 .88600 .88202 .87808 .87418 .87031 .86649

 

 99   .90835 .90444 .90057 .89674 .89294 .88918 .88546 .88177 .87811 .87449

 

 100   .91397 .91028 .90663 .90301 .89942 .89587 .89234 .88885 .88539 .88196

 

 101   .91930 .91583 .91238 .90897 .90558 .90223 .89890 .89560 .89233 .88908

 

 102   .92424 .92096 .91771 .91448 .91128 .90811 .90496 .90184 .89875 .89568

 

 103   .92914 .92605 .92300 .91996 .91695 .91397 .91100 .90806 .90514 .90225

 

 104   .93364 .93074 .92786 .92501 .92217 .91935 .91656 .91379 .91103 .90830

 

 105   .93809 .93537 .93266 .92998 .92731 .92467 .92204 .91943 .91683 .91426

 

 106   .94365 .94115 .93867 .93621 .93376 .93133 .92892 .92651 .92413 .92176

 

 107   .94994 .94771 .94549 .94328 .94108 .93890 .93673 .93457 .93242 .93028

 

 108   .96010 .95830 .95651 .95472 .95295 .95118 .94942 .94767 .94593 .94420

 

 109   .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%   7.6%   7.8%   8.0%

 

 ---------------------------------------------------------------------------

 

 0   .02534 .02370 .02223 .02093 .01978 .01874 .01782 .01699 .01625 .01559

 

 1   .01989 .01817 .01664 .01528 .01406 .01298 .01202 .01115 .01037 .00967

 

 2   .02061 .01882 .01722 .01580 .01454 .01340 .01239 .01148 .01066 .00993

 

 3   .02156 .01969 .01802 .01654 .01521 .01403 .01297 .01201 .01115 .01038

 

 4   .02264 .02069 .01896 .01741 .01602 .01478 .01367 .01267 .01176 .01095

 

 5   .02383 .02180 .01999 .01838 .01693 .01563 .01446 .01341 .01246 .01161

 

 6   .02512 .02301 .02113 .01944 .01793 .01657 .01535 .01424 .01325 .01235

 

 7   .02650 .02430 .02234 .02058 .01900 .01758 .01630 .01514 .01410 .01315

 

 8   .02798 .02570 .02365 .02182 .02017 .01868 .01734 .01613 .01503 .01404

 

 9   .02957 .02720 .02507 .02316 .02143 .01988 .01848 .01721 .01606 .01502

 

 10   .03128 .02881 .02659 .02460 .02280 .02118 .01971 .01838 .01718 .01608

 

 11   .03309 .03053 .02823 .02615 .02428 .02258 .02105 .01966 .01839 .01725

 

 12   .03503 .03237 .02997 .02781 .02585 .02408 .02248 .02103 .01971 .01850

 

 13   .03704 .03428 .03179 .02954 .02750 .02565 .02398 .02246 .02108 .01982

 

 14   .03909 .03623 .03364 .03130 .02918 .02726 .02551 .02392 .02248 .02116

 

 15   .04117 .03820 .03551 .03308 .03087 .02886 .02704 .02538 .02387 .02249

 

 16   .04324 .04016 .03737 .03484 .03254 .03046 .02855 .02682 .02524 .02379

 

 17   .04533 .04214 .03924 .03661 .03422 .03205 .03007 .02826 .02661 .02509

 

 18   .04746 .04415 .04114 .03841 .03592 .03366 .03159 .02970 .02798 .02639

 

 19   .04963 .04620 .04309 .04025 .03766 .03530 .03315 .03117 .02937 .02772

 

 20   .05191 .04835 .04512 .04217 .03948 .03702 .03478 .03272 .03083 .02910

 

 21   .05427 .05058 .04723 .04416 .04137 .03881 .03647 .03432 .03235 .03054

 

 22   .05672 .05291 .04943 .04625 .04334 .04067 .03823 .03599 .03394 .03205

 

 23   .05930 .05535 .05174 .04844 .04542 .04265 .04010 .03777 .03562 .03364

 

 24   .06204 .05795 .05421 .05078 .04764 .04476 .04211 .03967 .03743 .03536

 

 25   .06497 .06074 .05687 .05331 .05005 .04705 .04429 .04174 .03940 .03724

 

 26   .06811 .06373 .05972 .05603 .05264 .04952 .04665 .04400 .04155 .03929

 

 27   .07146 .06694 .06278 .05895 .05543 .05219 .04920 .04644 .04389 .04153

 

 28   .07503 .07036 .06605 .06209 .05844 .05507 .05196 .04908 .04642 .04396

 

 29   .07881 .07398 .06953 .06542 .06163 .05814 .05490 .05191 .04913 .04656

 

 30   .08279 .07780 .07319 .06894 .06502 .06138 .05802 .05491 .05202 .04933

 

 31   .08697 .08182 .07707 .07267 .06860 .06483 .06134 .05810 .05509 .05229

 

 32   .09137 .08606 .08115 .07660 .07239 .06848 .06485 .06148 .05835 .05543

 

 33   .09601 .09053 .08546 .08075 .07639 .07234 .06858 .06508 .06182 .05878

 

 34   .10084 .09520 .08996 .08511 .08059 .07640 .07249 .06886 .06547 .06231

 

 35   .10590 .10009 .09470 .08968 .08501 .08067 .07662 .07285 .06933 .06605

 

 36   .11120 .10522 .09966 .09448 .08966 .08517 .08098 .07706 .07341 .06999

 

 37   .11674 .11059 .10486 .09952 .09454 .08990 .08556 .08150 .07771 .07416

 

 38   .12254 .11621 .11032 .10481 .09968 .09487 .09039 .08618 .08225 .07856

 

 39   .12857 .12208 .11601 .11035 .10505 .10009 .09545 .09110 .08702 .08320

 

 40   .13487 .12820 .12196 .11613 .11067 .10555 .10076 .09626 .09204 .08807

 

 41   .14142 .13458 .12817 .12217 .11655 .11127 .10632 .10167 .09730 .09319

 

 42   .14823 .14122 .13464 .12848 .12269 .11725 .11214 .10734 .10282 .09856

 

 43   .15535 .14816 .14141 .13508 .12913 .12353 .11826 .11330 .10863 .10422

 

 44   .16274 .15538 .14847 .14196 .13585 .13008 .12466 .11954 .11472 .11016

 

 45   .17042 .16290 .15581 .14914 .14286 .13694 .13135 .12608 .12110 .11640

 

 46   .17842 .17073 .16348 .15664 .15020 .14411 .13836 .13293 .12780 .12294

 

 47   .18672 .17886 .17145 .16445 .15784 .15159 .14568 .14010 .13481 .12980

 

 48   .19534 .18732 .17974 .17258 .16581 .15940 .15334 .14759 .14215 .13699

 

 49   .20429 .19612 .18838 .18106 .17413 .16757 .16134 .15544 .14984 .14453

 

 50   .21362 .20529 .19740 .18993 .18284 .17612 .16974 .16368 .15793 .15247

 

 51   .22332 .21484 .20680 .19917 .19194 .18506 .17853 .17232 .16642 .16080

 

 52   .23341 .22479 .21660 .20883 .20144 .19442 .18774 .18138 .17533 .16957

 

 53   .24388 .23513 .22681 .21889 .21136 .20419 .19737 .19087 .18467 .17876

 

 54   .25473 .24585 .23739 .22935 .22168 .21437 .20741 .20076 .19442 .18837

 

 55   .26593 .25693 .24835 .24017 .23238 .22494 .21784 .21105 .20458 .19838

 

 56   .27742 .26831 .25962 .25132 .24340 .23583 .22860 .22169 .21508 .20875

 

 57   .28922 .28001 .27121 .26280 .25476 .24707 .23971 .23267 .22593 .21947

 

 58   .30129 .29199 .28309 .27457 .26642 .25862 .25114 .24398 .23712 .23053

 

 59   .31367 .30428 .29529 .28667 .27842 .27051 .26293 .25565 .24867 .24197

 

 60   .32638 .31691 .30784 .29914 .29079 .28278 .27509 .26771 .26062 .25380

 

 61   .33940 .32987 .32073 .31195 .30352 .29542 .28763 .28015 .27295 .26603

 

 62   .35269 .34311 .33391 .32506 .31656 .30837 .30050 .29293 .28564 .27862

 

 63   .36625 .35663 .34738 .33847 .32990 .32165 .31370 .30604 .29867 .29155

 

 64   .38007 .37043 .36113 .35218 .34356 .33524 .32723 .31950 .31204 .30484

 

 65   .39417 .38451 .37519 .36620 .35753 .34917 .34110 .33330 .32577 .31850

 

 66   .40871 .39905 .38972 .38071 .37201 .36361 .35550 .34765 .34006 .33273

 

 67   .42365 .41400 .40468 .39567 .38696 .37853 .37038 .36250 .35487 .34749

 

 68   .43892 .42931 .42001 .41101 .40230 .39387 .38570 .37780 .37014 .36272

 

 69   .45450 .44493 .43567 .42670 .41800 .40958 .40141 .39350 .38582 .37837

 

 70   .47033 .46083 .45162 .44269 .43403 .42563 .41748 .40957 .40189 .39443

 

 71   .48644 .47702 .46788 .45901 .45040 .44203 .43391 .42602 .41835 .41090

 

 72   .50278 .49347 .48441 .47562 .46707 .45877 .45069 .44284 .43520 .42776

 

 73   .51930 .51010 .50115 .49245 .48399 .47575 .46774 .45994 .45234 .44494

 

 74   .53591 .52684 .51802 .50943 .50106 .49291 .48497 .47724 .46970 .46235

 

 75   .55253 .54361 .53492 .52645 .51820 .51015 .50230 .49465 .48719 .47991

 

 76   .56912 .56036 .55182 .54349 .53536 .52742 .51968 .51213 .50475 .49754

 

 77   .58565 .57706 .56868 .56050 .55251 .54471 .53708 .52964 .52236 .51525

 

 78   .60209 .59369 .58549 .57747 .56963 .56197 .55448 .54715 .53999 .53298

 

 79   .61841 .61021 .60219 .59435 .58668 .57917 .57182 .56463 .55760 .55071

 

 80   .63456 .62657 .61875 .61109 .60359 .59625 .58906 .58202 .57512 .56836

 

 81   .65050 .64273 .63512 .62766 .62034 .61318 .60616 .59927 .59252 .58590

 

 82   .66621 .65867 .65127 .64401 .63690 .62992 .62308 .61636 .60977 .60330

 

 83   .68164 .67433 .66716 .66012 .65321 .64642 .63976 .63322 .62680 .62050

 

 84   .69676 .68969 .68275 .67593 .66923 .66265 .65618 .64983 .64358 .63745

 

 85   .71154 .70472 .69801 .69141 .68493 .67856 .67229 .66613 .66007 .65412

 

 86   .72595 .71937 .71290 .70654 .70028 .69412 .68806 .68210 .67623 .67046

 

 87   .73995 .73362 .72740 .72127 .71523 .70929 .70344 .69768 .69201 .68642

 

 88   .75354 .74746 .74148 .73558 .72978 .72406 .71842 .71287 .70739 .70200

 

 89   .76668 .76085 .75511 .74945 .74387 .73837 .73295 .72761 .72234 .71714

 

 90   .77934 .77377 .76827 .76284 .75749 .75222 .74701 .74188 .73681 .73181

 

 91   .79153 .78620 .78094 .77575 .77063 .76558 .76059 .75566 .75080 .74600

 

 92   .80323 .79814 .79312 .78816 .78326 .77843 .77365 .76894 .76428 .75967

 

 93   .81440 .80956 .80477 .80004 .79536 .79074 .78618 .78166 .77721 .77280

 

 94   .82508 .82047 .81591 .81140 .80694 .80253 .79817 .79387 .78961 .78539

 

 95   .83526 .83088 .82654 .82225 .81800 .81380 .80965 .80554 .80148 .79746

 

 96   .84491 .84074 .83662 .83254 .82850 .82450 .82055 .81663 .81276 .80892

 

 97   .85405 .85009 .84617 .84230 .83846 .83466 .83089 .82717 .82348 .81982

 

 98   .86270 .85895 .85523 .85155 .84791 .84430 .84072 .83718 .83367 .83019

 

 99   .87090 .86735 .86382 .86033 .85687 .85345 .85005 .84668 .84335 .84004

 

 100   .87856 .87519 .87185 .86854 .86526 .86201 .85878 .85559 .85242 .84927

 

 101   .88587 .88268 .87952 .87638 .87327 .87019 .86713 .86409 .86109 .85810

 

 102   .89263 .88961 .88662 .88364 .88069 .87777 .87487 .87199 .86913 .86629

 

 103   .89938 .89653 .89370 .89089 .88810 .88534 .88259 .87987 .87717 .87448

 

 104   .90558 .90289 .90021 .89756 .89492 .89231 .88971 .88713 .88456 .88202

 

 105   .91170 .90916 .90664 .90413 .90164 .89917 .89672 .89428 .89186 .88945

 

 106   .91940 .91706 .91474 .91242 .91013 .90784 .90558 .90332 .90108 .89885

 

 107   .92816 .92605 .92395 .92186 .91978 .91772 .91567 .91362 .91159 .90957

 

 108   .94247 .94075 .93904 .93734 .93565 .93396 .93229 .93062 .92895 .92730

 

 109   .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%   9.6%   9.8%  10.0%

 

 ---------------------------------------------------------------------------

 

 0   .01498 .01444 .01395 .01351 .01310 .01273 .01240 .01209 .01181 .01155

 

 1   .00904 .00847 .00796 .00749 .00707 .00668 .00633 .00601 .00572 .00545

 

 2   .00926 .00866 .00812 .00763 .00718 .00677 .00640 .00606 .00575 .00547

 

 3   .00968 .00905 .00848 .00796 .00748 .00705 .00666 .00630 .00597 .00567

 

 4   .01021 .00955 .00894 .00839 .00789 .00744 .00702 .00664 .00629 .00597

 

 5   .01083 .01013 .00949 .00891 .00839 .00790 .00746 .00706 .00669 .00635

 

 6   .01153 .01080 .01012 .00951 .00895 .00844 .00798 .00755 .00715 .00679

 

 7   .01229 .01151 .01081 .01016 .00957 .00903 .00854 .00808 .00767 .00728

 

 8   .01314 .01232 .01157 .01089 .01026 .00969 .00917 .00869 .00825 .00784

 

 9   .01407 .01321 .01242 .01170 .01104 .01044 .00989 .00938 .00891 .00848

 

 10   .01509 .01418 .01335 .01259 .01190 .01126 .01068 .01014 .00965 .00919

 

 11   .01620 .01525 .01437 .01358 .01285 .01218 .01156 .01099 .01047 .00998

 

 12   .01740 .01640 .01549 .01465 .01388 .01317 .01252 .01192 .01137 .01086

 

 13   .01867 .01762 .01665 .01577 .01496 .01422 .01353 .01290 .01231 .01177

 

 14   .01995 .01885 .01784 .01691 .01606 .01527 .01455 .01389 .01327 .01270

 

 15   .02123 .02007 .01901 .01803 .01714 .01632 .01556 .01485 .01420 .01360

 

 16   .02247 .02126 .02015 .01913 .01818 .01732 .01652 .01578 .01509 .01446

 

 17   .02371 .02244 .02127 .02020 .01921 .01830 .01746 .01668 .01596 .01529

 

 18   .02494 .02361 .02239 .02126 .02022 .01926 .01838 .01756 .01680 .01610

 

 19   .02620 .02480 .02352 .02234 .02125 .02024 .01931 .01844 .01764 .01690

 

 20   .02751 .02605 .02471 .02346 .02232 .02126 .02028 .01937 .01853 .01775

 

 21   .02888 .02735 .02593 .02463 .02343 .02231 .02128 .02032 .01944 .01861

 

 22   .03030 .02870 .02722 .02585 .02458 .02341 .02233 .02132 .02038 .01951

 

 23   .03181 .03013 .02858 .02714 .02581 .02458 .02344 .02237 .02139 .02047

 

 24   .03345 .03169 .03006 .02855 .02715 .02586 .02465 .02353 .02249 .02152

 

 25   .03524 .03340 .03169 .03010 .02863 .02727 .02600 .02482 .02373 .02270

 

 26   .03720 .03527 .03348 .03181 .03027 .02884 .02750 .02626 .02510 .02402

 

 27   .03934 .03732 .03544 .03370 .03208 .03057 .02916 .02786 .02664 .02549

 

 28   .04167 .03955 .03759 .03576 .03406 .03247 .03099 .02962 .02833 .02713

 

 29   .04417 .04196 .03990 .03798 .03619 .03453 .03298 .03153 .03017 .02890

 

 30   .04684 .04452 .04237 .04036 .03848 .03674 .03510 .03358 .03215 .03081

 

 31   .04969 .04727 .04501 .04291 .04094 .03911 .03739 .03579 .03428 .03287

 

 32   .05272 .05019 .04783 .04563 .04357 .04165 .03984 .03816 .03657 .03509

 

 33   .05595 .05331 .05085 .04854 .04639 .04437 .04248 .04070 .03904 .03748

 

 34   .05936 .05661 .05403 .05162 .04936 .04725 .04527 .04341 .04166 .04001

 

 35   .06297 .06010 .05741 .05489 .05253 .05032 .04824 .04629 .04445 .04272

 

 36   .06679 .06380 .06100 .05837 .05590 .05358 .05140 .04935 .04742 .04561

 

 37   .07083 .06771 .06479 .06204 .05947 .05704 .05476 .05261 .05059 .04868

 

 38   .07511 .07186 .06881 .06595 .06326 .06072 .05834 .05609 .05397 .05196

 

 39   .07961 .07623 .07306 .07007 .06726 .06462 .06212 .05977 .05754 .05544

 

 40   .08434 .08083 .07753 .07442 .07149 .06873 .06612 .06366 .06133 .05913

 

 41   .08932 .08568 .08225 .07901 .07596 .07308 .07035 .06778 .06534 .06304

 

 42   .09455 .09077 .08720 .08384 .08066 .07766 .07481 .07213 .06958 .06717

 

 43   .10007 .09615 .09245 .08895 .08564 .08251 .07955 .07674 .07408 .07156

 

 44   .10586 .10180 .09796 .09433 .09089 .08763 .08454 .08162 .07884 .07621

 

 45   .11195 .10774 .10376 .09999 .09642 .09303 .08982 .08677 .08387 .08112

 

 46   .11835 .11400 .10987 .10596 .10225 .09873 .09539 .09222 .08920 .08633

 

 47   .12505 .12055 .11629 .11224 .10839 .10474 .10126 .09796 .09482 .09182

 

 48   .13209 .12745 .12303 .11884 .11485 .11106 .10746 .10402 .10075 .09764

 

 49   .13948 .13469 .13013 .12579 .12167 .11774 .11400 .11043 .10703 .10379

 

 50   .14727 .14233 .13762 .13314 .12887 .12481 .12093 .11723 .11370 .11033

 

 51   .15546 .15037 .14551 .14089 .13648 .13228 .12826 .12443 .12077 .11726

 

 52   .16407 .15884 .15384 .14907 .14452 .14018 .13603 .13206 .12826 .12463

 

 53   .17312 .16774 .16260 .15769 .15300 .14852 .14423 .14012 .13620 .13243

 

 54   .18259 .17707 .17179 .16674 .16191 .15729 .15286 .14862 .14456 .14067

 

 55   .19247 .18680 .18139 .17620 .17123 .16648 .16192 .15755 .15335 .14933

 

 56   .20270 .19690 .19135 .18602 .18092 .17603 .17134 .16684 .16251 .15836

 

 57   .21329 .20736 .20167 .19622 .19099 .18596 .18114 .17650 .17205 .16777

 

 58   .22422 .21816 .21235 .20677 .20140 .19625 .19130 .18653 .18195 .17754

 

 59   .23553 .22935 .22341 .21770 .21221 .20693 .20185 .19696 .19225 .18772

 

 60   .24725 .24095 .23489 .22906 .22345 .21805 .21285 .20783 .20300 .19834

 

 61   .25937 .25296 .24679 .24084 .23511 .22959 .22427 .21914 .21419 .20941

 

 62   .27185 .26534 .25906 .25300 .24716 .24153 .23609 .23084 .22577 .22088

 

 63   .28469 .27808 .27169 .26553 .25959 .25384 .24830 .24294 .23776 .23275

 

 64   .29789 .29119 .28471 .27845 .27240 .26656 .26091 .25544 .25016 .24504

 

 65   .31148 .30468 .29812 .29177 .28563 .27969 .27394 .26837 .26299 .25777

 

 66   .32564 .31877 .31213 .30570 .29948 .29345 .28761 .28195 .27647 .27115

 

 67   .34034 .33341 .32671 .32021 .31391 .30780 .30188 .29614 .29057 .28517

 

 68   .35552 .34855 .34179 .33523 .32887 .32270 .31671 .31089 .30524 .29976

 

 69   .37115 .36414 .35734 .35073 .34432 .33809 .33204 .32616 .32045 .31489

 

 70   .38719 .38016 .37332 .36668 .36023 .35396 .34786 .34193 .33616 .33054

 

 71   .40366 .39662 .38977 .38311 .37663 .37032 .36419 .35821 .35240 .34674

 

 72   .42053 .41350 .40665 .39998 .39349 .38716 .38100 .37500 .36916 .36346

 

 73   .43774 .43073 .42389 .41723 .41074 .40441 .39824 .39222 .38636 .38063

 

 74   .45519 .44821 .44140 .43476 .42829 .42197 .41580 .40979 .40391 .39818

 

 75   .47280 .46587 .45910 .45250 .44605 .43975 .43360 .42759 .42173 .41599

 

 76   .49051 .48364 .47693 .47037 .46396 .45770 .45158 .44560 .43975 .43403

 

 77   .50830 .50150 .49486 .48836 .48201 .47580 .46972 .46377 .45795 .45225

 

 78   .52613 .51942 .51286 .50644 .50015 .49400 .48797 .48208 .47630 .47064

 

 79   .54396 .53736 .53089 .52456 .51835 .51227 .50632 .50048 .49476 .48915

 

 80   .56174 .55525 .54888 .54265 .53653 .53054 .52466 .51890 .51325 .50770

 

 81   .57941 .57305 .56681 .56068 .55467 .54878 .54299 .53731 .53174 .52627

 

 82   .59696 .59073 .58461 .57861 .57272 .56693 .56125 .55566 .55018 .54480

 

 83   .61430 .60822 .60224 .59637 .59061 .58494 .57937 .57389 .56851 .56322

 

 84   .63142 .62549 .61966 .61393 .60830 .60276 .59731 .59196 .58669 .58150

 

 85   .64825 .64249 .63682 .63124 .62575 .62035 .61503 .60980 .60465 .59958

 

 86   .66477 .65918 .65367 .64825 .64291 .63765 .63248 .62738 .62236 .61741

 

 87   .68092 .67550 .67016 .66490 .65972 .65462 .64959 .64463 .63975 .63493

 

 88   .69669 .69145 .68628 .68119 .67618 .67123 .66635 .66154 .65680 .65212

 

 89   .71201 .70696 .70198 .69706 .69221 .68742 .68270 .67805 .67345 .66892

 

 90   .72688 .72201 .71721 .71246 .70779 .70317 .69861 .69411 .68966 .68528

 

 91   .74126 .73658 .73196 .72739 .72289 .71844 .71404 .70970 .70541 .70117

 

 92   .75513 .75063 .74620 .74181 .73748 .73320 .72897 .72479 .72066 .71657

 

 93   .76844 .76414 .75988 .75568 .75152 .74741 .74334 .73932 .73535 .73142

 

 94   .78123 .77711 .77303 .76901 .76502 .76108 .75718 .75332 .74951 .74573

 

 95   .79348 .78954 .78565 .78179 .77798 .77421 .77047 .76677 .76312 .75950

 

 96   .80513 .80137 .79765 .79397 .79032 .78671 .78314 .77960 .77610 .77263

 

 97   .81621 .81262 .80908 .80556 .80208 .79864 .79522 .79184 .78849 .78517

 

 98   .82674 .82333 .81995 .81660 .81328 .80999 .80673 .80351 .80031 .79713

 

 99   .83677 .83352 .83030 .82711 .82395 .82082 .81771 .81463 .81158 .80855

 

 100   .84616 .84307 .84001 .83697 .83396 .83097 .82801 .82507 .82216 .81927

 

 101   .85514 .85221 .84930 .84641 .84355 .84070 .83788 .83509 .83231 .82956

 

 102   .86348 .86069 .85792 .85517 .85245 .84974 .84706 .84439 .84175 .83912

 

 103   .87182 .86918 .86655 .86395 .86136 .85880 .85625 .85372 .85121 .84872

 

 104   .87950 .87699 .87450 .87203 .86957 .86713 .86471 .86231 .85992 .85755

 

 105   .88706 .88468 .88232 .87998 .87765 .87534 .87304 .87076 .86849 .86624

 

 106   .89664 .89444 .89225 .89008 .88792 .88577 .88364 .88152 .87941 .87731

 

 107   .90756 .90557 .90358 .90160 .89964 .89768 .89574 .89380 .89188 .88997

 

 108   .92565 .92401 .92238 .92075 .91914 .91753 .91592 .91433 .91274 .91116

 

 109   .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%  11.6%  11.8%  12.0%

 

 ---------------------------------------------------------------------------

 

 0   .01132 .01110 .01089 .01071 .01053 .01037 .01022 .01008 .00995 .00983

 

 1   .00520 .00497 .00476 .00457 .00439 .00423 .00407 .00393 .00379 .00367

 

 2   .00521 .00496 .00474 .00454 .00435 .00417 .00401 .00385 .00371 .00358

 

 3   .00539 .00513 .00490 .00468 .00447 .00429 .00411 .00395 .00380 .00366

 

 4   .00567 .00540 .00515 .00492 .00470 .00450 .00432 .00414 .00398 .00383

 

 5   .00603 .00574 .00547 .00523 .00500 .00478 .00459 .00440 .00423 .00407

 

 6   .00646 .00615 .00587 .00560 .00536 .00513 .00492 .00472 .00453 .00436

 

 7   .00693 .00660 .00630 .00602 .00576 .00551 .00529 .00508 .00488 .00469

 

 8   .00747 .00712 .00680 .00650 .00622 .00596 .00572 .00549 .00528 .00509

 

 9   .00808 .00771 .00737 .00705 .00675 .00648 .00622 .00598 .00576 .00555

 

 10   .00877 .00838 .00801 .00767 .00736 .00707 .00679 .00654 .00630 .00608

 

 11   .00954 .00912 .00873 .00838 .00804 .00773 .00744 .00717 .00692 .00668

 

 12   .01038 .00994 .00953 .00915 .00880 .00847 .00816 .00788 .00761 .00735

 

 13   .01127 .01081 .01038 .00998 .00960 .00925 .00893 .00862 .00833 .00806

 

 14   .01217 .01168 .01122 .01080 .01040 .01003 .00969 .00937 .00906 .00878

 

 15   .01305 .01253 .01205 .01160 .01118 .01079 .01042 .01008 .00976 .00946

 

 16   .01387 .01333 .01282 .01234 .01190 .01149 .01110 .01074 .01040 .01009

 

 17   .01467 .01409 .01356 .01306 .01259 .01216 .01175 .01137 .01101 .01067

 

 18   .01544 .01484 .01427 .01374 .01325 .01279 .01236 .01195 .01157 .01122

 

 19   .01621 .01557 .01497 .01442 .01390 .01341 .01295 .01253 .01213 .01175

 

 20   .01702 .01634 .01571 .01512 .01457 .01406 .01357 .01312 .01270 .01230

 

 21   .01784 .01713 .01646 .01584 .01526 .01471 .01420 .01372 .01327 .01285

 

 22   .01870 .01794 .01724 .01658 .01596 .01539 .01485 .01434 .01386 .01342

 

 23   .01961 .01881 .01807 .01737 .01672 .01611 .01554 .01500 .01449 .01402

 

 24   .02062 .01977 .01899 .01825 .01756 .01691 .01630 .01573 .01520 .01469

 

 25   .02175 .02085 .02002 .01924 .01851 .01782 .01718 .01657 .01600 .01547

 

 26   .02301 .02207 .02119 .02036 .01958 .01886 .01817 .01753 .01692 .01635

 

 27   .02443 .02343 .02250 .02162 .02080 .02003 .01930 .01862 .01798 .01737

 

 28   .02600 .02495 .02396 .02303 .02216 .02134 .02057 .01985 .01916 .01852

 

 29   .02771 .02660 .02555 .02457 .02365 .02278 .02197 .02120 .02047 .01979

 

 30   .02956 .02838 .02728 .02624 .02526 .02434 .02348 .02266 .02189 .02116

 

 31   .03155 .03031 .02914 .02804 .02701 .02604 .02512 .02425 .02344 .02266

 

 32   .03370 .03239 .03115 .02999 .02890 .02787 .02690 .02598 .02511 .02429

 

 33   .03601 .03463 .03333 .03210 .03095 .02985 .02883 .02785 .02693 .02606

 

 34   .03847 .03701 .03564 .03434 .03312 .03197 .03088 .02985 .02887 .02795

 

 35   .04109 .03956 .03811 .03675 .03546 .03424 .03308 .03199 .03096 .02998

 

 36   .04390 .04228 .04076 .03932 .03795 .03667 .03545 .03429 .03320 .03216

 

 37   .04688 .04518 .04358 .04206 .04062 .03926 .03798 .03676 .03560 .03450

 

 38   .05007 .04829 .04660 .04500 .04349 .04205 .04069 .03940 .03818 .03701

 

 39   .05346 .05158 .04981 .04812 .04653 .04502 .04358 .04222 .04092 .03969

 

 40   .05705 .05508 .05321 .05144 .04976 .04817 .04666 .04522 .04385 .04255

 

 41   .06086 .05879 .05683 .05497 .05320 .05152 .04993 .04841 .04697 .04559

 

 42   .06488 .06271 .06066 .05870 .05684 .05508 .05340 .05180 .05028 .04882

 

 43   .06917 .06690 .06474 .06269 .06074 .05888 .05711 .05543 .05382 .05229

 

 44   .07370 .07132 .06906 .06691 .06486 .06291 .06105 .05928 .05759 .05598

 

 45   .07850 .07602 .07365 .07139 .06924 .06719 .06524 .06338 .06160 .05990

 

 46   .08360 .08100 .07852 .07616 .07390 .07176 .06970 .06775 .06587 .06409

 

 47   .08897 .08626 .08367 .08120 .07884 .07659 .07443 .07238 .07041 .06853

 

 48   .09466 .09183 .08912 .08654 .08407 .08172 .07946 .07730 .07524 .07326

 

 49   .10069 .09774 .09492 .09222 .08964 .08717 .08481 .08255 .08038 .07831

 

 50   .10711 .10403 .10109 .09827 .09558 .09300 .09053 .08816 .08589 .08371

 

 51   .11392 .11072 .10765 .10472 .10191 .09921 .09663 .09415 .09178 .08950

 

 52   .12116 .11783 .11464 .11159 .10866 .10585 .10315 .10057 .09808 .09569

 

 53   .12883 .12538 .12206 .11889 .11584 .11291 .11010 .10740 .10481 .10231

 

 54   .13694 .13336 .12992 .12662 .12345 .12041 .11748 .11467 .11196 .10936

 

 55   .14547 .14176 .13820 .13478 .13149 .12832 .12528 .12235 .11953 .11682

 

 56   .15437 .15054 .14685 .14330 .13989 .13661 .13345 .13040 .12747 .12464

 

 57   .16365 .15969 .15588 .15221 .14868 .14527 .14199 .13883 .13578 .13284

 

 58   .17330 .16921 .16528 .16149 .15783 .15431 .15091 .14763 .14447 .14141

 

 59   .18335 .17914 .17508 .17117 .16739 .16375 .16023 .15684 .15356 .15039

 

 60   .19385 .18952 .18534 .18131 .17741 .17365 .17001 .16650 .16311 .15982

 

 61   .20480 .20035 .19605 .19189 .18788 .18400 .18025 .17662 .17311 .16971

 

 62   .21615 .21158 .20717 .20290 .19877 .19477 .19090 .18716 .18354 .18003

 

 63   .22791 .22323 .21870 .21431 .21007 .20596 .20198 .19812 .19439 .19077

 

 64   .24009 .23530 .23066 .22616 .22181 .21758 .21349 .20953 .20568 .20195

 

 65   .25271 .24781 .24306 .23846 .23400 .22967 .22547 .22139 .21744 .21360

 

 66   .26600 .26100 .25615 .25145 .24688 .24245 .23814 .23396 .22990 .22596

 

 67   .27992 .27483 .26989 .26509 .26043 .25590 .25150 .24722 .24306 .23901

 

 68   .29443 .28926 .28423 .27934 .27459 .26997 .26548 .26110 .25685 .25271

 

 69   .30950 .30424 .29914 .29417 .28934 .28463 .28005 .27559 .27125 .26703

 

 70   .32508 .31976 .31459 .30955 .30464 .29986 .29520 .29067 .28625 .28194

 

 71   .34122 .33585 .33062 .32552 .32054 .31570 .31097 .30637 .30187 .29749

 

 72   .35790 .35249 .34721 .34205 .33703 .33213 .32734 .32268 .31812 .31367

 

 73   .37505 .36960 .36428 .35909 .35403 .34908 .34425 .33953 .33492 .33042

 

 74   .39258 .38711 .38177 .37655 .37145 .36647 .36160 .35684 .35219 .34764

 

 75   .41039 .40491 .39956 .39432 .38921 .38420 .37931 .37452 .36983 .36525

 

 76   .42843 .42296 .41760 .41236 .40724 .40222 .39731 .39250 .38779 .38318

 

 77   .44668 .44122 .43588 .43065 .42552 .42050 .41559 .41077 .40605 .40143

 

 78   .46510 .45967 .45435 .44914 .44403 .43902 .43411 .42930 .42458 .41995

 

 79   .48365 .47826 .47298 .46780 .46271 .45773 .45284 .44804 .44333 .43871

 

 80   .50226 .49693 .49169 .48655 .48150 .47655 .47169 .46692 .46224 .45763

 

 81   .52090 .51562 .51044 .50536 .50036 .49546 .49064 .48590 .48125 .47668

 

 82   .53951 .53431 .52920 .52418 .51924 .51439 .50963 .50494 .50033 .49580

 

 83   .55802 .55291 .54788 .54294 .53808 .53329 .52859 .52396 .51941 .51493

 

 84   .57640 .57139 .56645 .56159 .55681 .55210 .54747 .54291 .53843 .53401

 

 85   .59459 .58968 .58484 .58008 .57539 .57077 .56623 .56175 .55733 .55298

 

 86   .61254 .60774 .60302 .59836 .59377 .58925 .58479 .58040 .57607 .57180

 

 87   .63019 .62551 .62090 .61635 .61187 .60745 .60309 .59880 .59456 .59038

 

 88   .64751 .64296 .63847 .63405 .62968 .62537 .62112 .61693 .61279 .60871

 

 89   .66444 .66003 .65567 .65137 .64712 .64293 .63880 .63471 .63068 .62670

 

 90   .68094 .67667 .67244 .66827 .66415 .66009 .65607 .65210 .64818 .64431

 

 91   .69699 .69285 .68877 .68473 .68074 .67680 .67291 .66906 .66526 .66150

 

 92   .71254 .70855 .70460 .70071 .69685 .69304 .68928 .68555 .68187 .67823

 

 93   .72753 .72369 .71989 .71613 .71242 .70874 .70510 .70150 .69794 .69442

 

 94   .74200 .73830 .73464 .73103 .72745 .72390 .72040 .71693 .71350 .71010

 

 95   .75591 .75236 .74885 .74538 .74194 .73853 .73516 .73182 .72851 .72524

 

 96   .76920 .76580 .76243 .75909 .75579 .75252 .74928 .74607 .74289 .73974

 

 97   .78188 .77863 .77540 .77220 .76904 .76590 .76279 .75971 .75665 .75363

 

 98   .79399 .79088 .78779 .78473 .78170 .77869 .77571 .77276 .76983 .76693

 

 99   .80555 .80257 .79962 .79670 .79380 .79092 .78807 .78525 .78244 .77966

 

 100   .81641 .81357 .81075 .80796 .80518 .80243 .79971 .79700 .79432 .79165

 

 101   .82683 .82412 .82144 .81877 .81612 .81350 .81089 .80831 .80574 .80320

 

 102   .83652 .83394 .83137 .82882 .82630 .82379 .82130 .81883 .81637 .81394

 

 103   .84624 .84379 .84135 .83892 .83652 .83413 .83176 .82941 .82707 .82475

 

 104   .85519 .85285 .85053 .84822 .84593 .84365 .84139 .83915 .83692 .83470

 

 105   .86400 .86178 .85957 .85737 .85519 .85302 .85087 .84873 .84660 .84449

 

 106   .87523 .87316 .87110 .86905 .86702 .86500 .86299 .86099 .85900 .85703

 

 107   .88806 .88617 .88429 .88242 .88055 .87870 .87686 .87502 .87320 .87139

 

 108   .90958 .90802 .90646 .90490 .90336 .90182 .90028 .89876 .89724 .89573

 

 109   .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%  13.6%  13.8%  14.0%

 

 ---------------------------------------------------------------------------

 

 0   .00972 .00961 .00951 .00941 .00932 .00924 .00916 .00908 .00901 .00894

 

 1   .00355 .00345 .00334 .00325 .00316 .00307 .00299 .00292 .00285 .00278

 

 2   .00346 .00334 .00323 .00313 .00303 .00294 .00286 .00278 .00270 .00263

 

 3   .00353 .00340 .00329 .00318 .00307 .00298 .00289 .00280 .00272 .00264

 

 4   .00369 .00356 .00343 .00332 .00321 .00310 .00300 .00291 .00283 .00274

 

 5   .00392 .00377 .00364 .00352 .00340 .00329 .00318 .00308 .00299 .00290

 

 6   .00420 .00405 .00391 .00377 .00365 .00353 .00342 .00331 .00321 .00311

 

 7   .00452 .00436 .00421 .00406 .00393 .00380 .00368 .00357 .00346 .00336

 

 8   .00490 .00473 .00457 .00441 .00427 .00413 .00400 .00388 .00376 .00365

 

 9   .00535 .00517 .00499 .00483 .00467 .00453 .00439 .00426 .00413 .00402

 

 10   .00587 .00567 .00548 .00531 .00514 .00499 .00484 .00470 .00456 .00444

 

 11   .00645 .00624 .00605 .00586 .00568 .00551 .00536 .00521 .00506 .00493

 

 12   .00711 .00689 .00668 .00648 .00629 .00611 .00595 .00579 .00563 .00549

 

 13   .00781 .00757 .00735 .00714 .00694 .00675 .00657 .00640 .00624 .00609

 

 14   .00851 .00826 .00802 .00780 .00759 .00739 .00720 .00702 .00684 .00668

 

 15   .00918 .00891 .00866 .00842 .00820 .00799 .00779 .00759 .00741 .00724

 

 16   .00979 .00950 .00924 .00899 .00875 .00853 .00832 .00811 .00792 .00774

 

 17   .01035 .01006 .00978 .00951 .00926 .00902 .00880 .00859 .00838 .00819

 

 18   .01088 .01057 .01027 .00999 .00973 .00948 .00924 .00901 .00880 .00860

 

 19   .01139 .01106 .01075 .01045 .01017 .00990 .00965 .00942 .00919 .00898

 

 20   .01192 .01157 .01124 .01092 .01063 .01035 .01008 .00983 .00959 .00936

 

 21   .01245 .01208 .01173 .01139 .01108 .01078 .01050 .01023 .00998 .00974

 

 22   .01300 .01260 .01222 .01187 .01154 .01122 .01092 .01064 .01037 .01011

 

 23   .01357 .01315 .01275 .01238 .01202 .01168 .01137 .01106 .01078 .01051

 

 24   .01422 .01377 .01334 .01294 .01257 .01221 .01187 .01155 .01124 .01095

 

 25   .01496 .01448 .01403 .01361 .01320 .01282 .01246 .01212 .01180 .01149

 

 26   .01582 .01531 .01483 .01438 .01395 .01354 .01316 .01279 .01244 .01211

 

 27   .01680 .01626 .01575 .01527 .01481 .01437 .01396 .01357 .01320 .01285

 

 28   .01791 .01734 .01679 .01628 .01579 .01533 .01489 .01447 .01408 .01370

 

 29   .01914 .01853 .01795 .01740 .01688 .01639 .01592 .01548 .01505 .01465

 

 30   .02048 .01982 .01921 .01862 .01807 .01754 .01704 .01657 .01612 .01569

 

 31   .02193 .02124 .02058 .01996 .01937 .01881 .01828 .01777 .01729 .01683

 

 32   .02351 .02278 .02208 .02142 .02079 .02019 .01962 .01908 .01857 .01808

 

 33   .02523 .02445 .02371 .02300 .02234 .02170 .02109 .02052 .01997 .01944

 

 34   .02707 .02624 .02545 .02470 .02399 .02331 .02267 .02205 .02146 .02091

 

 35   .02905 .02817 .02733 .02653 .02577 .02505 .02436 .02371 .02308 .02249

 

 36   .03117 .03024 .02935 .02850 .02769 .02693 .02619 .02550 .02483 .02419

 

 37   .03345 .03246 .03151 .03061 .02976 .02894 .02816 .02742 .02671 .02603

 

 38   .03590 .03485 .03385 .03289 .03198 .03112 .03029 .02950 .02874 .02802

 

 39   .03852 .03740 .03634 .03533 .03436 .03344 .03256 .03172 .03092 .03015

 

 40   .04131 .04013 .03900 .03793 .03690 .03593 .03499 .03410 .03324 .03242

 

 41   .04428 .04303 .04184 .04070 .03962 .03858 .03759 .03664 .03573 .03486

 

 42   .04744 .04612 .04486 .04366 .04250 .04140 .04035 .03934 .03838 .03745

 

 43   .05083 .04943 .04810 .04683 .04561 .04444 .04333 .04226 .04123 .04025

 

 44   .05443 .05296 .05155 .05021 .04892 .04768 .04650 .04537 .04428 .04324

 

 45   .05827 .05672 .05523 .05381 .05245 .05114 .04989 .04869 .04754 .04643

 

 46   .06237 .06074 .05917 .05767 .05623 .05485 .05352 .05225 .05103 .04986

 

 47   .06673 .06500 .06335 .06177 .06025 .05879 .05739 .05605 .05475 .05351

 

 48   .07137 .06955 .06781 .06614 .06454 .06300 .06152 .06010 .05874 .05742

 

 49   .07632 .07441 .07258 .07082 .06913 .06750 .06595 .06444 .06300 .06161

 

 50   .08162 .07962 .07769 .07584 .07407 .07236 .07071 .06913 .06760 .06614

 

 51   .08731 .08520 .08318 .08124 .07937 .07757 .07583 .07416 .07256 .07101

 

 52   .09340 .09119 .08907 .08703 .08507 .08317 .08135 .07959 .07790 .07627

 

 53   .09991 .09760 .09538 .09324 .09118 .08919 .08728 .08543 .08365 .08193

 

 54   .10685 .10443 .10211 .09987 .09771 .09562 .09361 .09167 .08980 .08799

 

 55   .11420 .11168 .10925 .10690 .10464 .10246 .10035 .09832 .09635 .09445

 

 56   .12191 .11928 .11675 .11430 .11193 .10965 .10745 .10531 .10325 .10126

 

 57   .13001 .12727 .12462 .12207 .11960 .11721 .11491 .11268 .11052 .10843

 

 58   .13846 .13561 .13286 .13020 .12762 .12513 .12273 .12040 .11814 .11595

 

 59   .14732 .14436 .14150 .13873 .13605 .13346 .13095 .12851 .12616 .12388

 

 60   .15665 .15358 .15060 .14772 .14494 .14224 .13962 .13709 .13463 .13225

 

 61   .16642 .16324 .16016 .15717 .15428 .15147 .14875 .14611 .14355 .14107

 

 62   .17663 .17333 .17014 .16704 .16404 .16113 .15830 .15556 .15290 .15031

 

 63   .18726 .18385 .18055 .17734 .17423 .17121 .16828 .16544 .16267 .15999

 

 64   .19833 .19481 .19140 .18809 .18487 .18175 .17871 .17576 .17289 .17010

 

 65   .20987 .20624 .20273 .19931 .19598 .19275 .18961 .18656 .18358 .18069

 

 66   .22213 .21840 .21478 .21125 .20783 .20449 .20125 .19809 .19501 .19202

 

 67   .23508 .23125 .22753 .22390 .22037 .21694 .21360 .21034 .20716 .20407

 

 68   .24868 .24476 .24094 .23722 .23359 .23006 .22662 .22327 .22000 .21681

 

 69   .26291 .25889 .25498 .25117 .24745 .24383 .24030 .23685 .23349 .23020

 

 70   .27773 .27364 .26964 .26574 .26194 .25823 .25461 .25107 .24762 .24425

 

 71   .29321 .28904 .28496 .28099 .27710 .27331 .26961 .26599 .26246 .25900

 

 72   .30933 .30508 .30094 .29689 .29294 .28907 .28530 .28160 .27799 .27446

 

 73   .32602 .32171 .31751 .31340 .30938 .30545 .30160 .29784 .29416 .29056

 

 74   .34319 .33884 .33458 .33042 .32634 .32236 .31845 .31463 .31089 .30723

 

 75   .36076 .35637 .35207 .34786 .34374 .33970 .33575 .33188 .32808 .32437

 

 76   .37867 .37425 .36991 .36567 .36151 .35744 .35344 .34953 .34569 .34192

 

 77   .39690 .39245 .38810 .38383 .37964 .37554 .37151 .36756 .36369 .35989

 

 78   .41541 .41096 .40659 .40231 .39811 .39398 .38993 .38596 .38206 .37823

 

 79   .43418 .42973 .42536 .42107 .41686 .41272 .40866 .40467 .40075 .39691

 

 80   .45311 .44868 .44432 .44003 .43582 .43169 .42763 .42363 .41971 .41585

 

 81   .47219 .46777 .46343 .45916 .45497 .45084 .44679 .44280 .43888 .43502

 

 82   .49135 .48696 .48265 .47841 .47424 .47014 .46610 .46213 .45822 .45437

 

 83   .51052 .50618 .50191 .49771 .49357 .48950 .48549 .48154 .47766 .47383

 

 84   .52966 .52537 .52115 .51700 .51291 .50887 .50490 .50099 .49714 .49334

 

 85   .54870 .54448 .54032 .53622 .53218 .52820 .52428 .52041 .51660 .51284

 

 86   .56759 .56344 .55935 .55532 .55135 .54742 .54356 .53974 .53598 .53227

 

 87   .58626 .58219 .57818 .57422 .57031 .56646 .56266 .55891 .55521 .55155

 

 88   .60468 .60070 .59677 .59290 .58907 .58529 .58157 .57788 .57425 .57066

 

 89   .62277 .61888 .61505 .61126 .60753 .60383 .60018 .59658 .59302 .58950

 

 90   .64048 .63670 .63296 .62927 .62563 .62202 .61846 .61494 .61146 .60803

 

 91   .65778 .65411 .65048 .64689 .64334 .63983 .63636 .63293 .62954 .62619

 

 92   .67462 .67106 .66754 .66406 .66061 .65720 .65383 .65050 .64720 .64393

 

 93   .69094 .68749 .68408 .68071 .67737 .67406 .67079 .66756 .66435 .66118

 

 94   .70673 .70340 .70011 .69685 .69362 .69042 .68725 .68412 .68102 .67794

 

 95   .72199 .71878 .71560 .71246 .70934 .70625 .70319 .70016 .69716 .69419

 

 96   .73662 .73353 .73047 .72743 .72443 .72145 .71850 .71557 .71268 .70981

 

 97   .75063 .74766 .74471 .74180 .73890 .73604 .73319 .73038 .72758 .72482

 

 98   .76405 .76120 .75837 .75557 .75279 .75003 .74730 .74459 .74190 .73923

 

 99   .77690 .77417 .77146 .76877 .76610 .76345 .76083 .75822 .75564 .75308

 

 100   .78901 .78639 .78379 .78121 .77866 .77612 .77360 .77110 .76862 .76616

 

 101   .80067 .79816 .79568 .79321 .79076 .78832 .78591 .78351 .78114 .77877

 

 102   .81152 .80912 .80674 .80438 .80203 .79970 .79738 .79508 .79280 .79054

 

 103   .82245 .82016 .81789 .81563 .81339 .81116 .80895 .80676 .80458 .80241

 

 104   .83250 .83031 .82814 .82599 .82384 .82171 .81960 .81750 .81541 .81334

 

 105   .84239 .84030 .83823 .83617 .83412 .83209 .83006 .82806 .82606 .82407

 

 106   .85507 .85311 .85117 .84924 .84733 .84542 .84352 .84164 .83976 .83790

 

 107   .86958 .86779 .86600 .86422 .86246 .86070 .85895 .85721 .85548 .85376

 

 108   .89422 .89272 .89123 .88974 .88826 .88679 .88533 .88386 .88241 .88096

 

 109   .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860

 

 

(f) Effective/applicability date. This section applies on or after May 1, 2009.

(g) Expiration date. This section expires on or before May 1, 2012.

Par. 6. The undesignated center heading immediately preceding § 1.642(c)-6A is revised to read as follows:

 Pooled Income Fund Actuarial Tables

 

 Applicable Before May 1, 2009

 

 

Par. 7. Section 1.642(c)-6A is amended by:

1. Revising the section heading.

2. Amending newly-designated paragraph (f) as follows:

a. Paragraph (f) heading is revised.

b. Paragraphs (f)(1), (f)(2), (f)(3), (f)(4), and (f)(5) are revised.

c. The introductory text in paragraph (f)(6) and the heading preceding Table S is are revised.

d. Paragraph (f)(7) is added.

The revisions and addition read as follows:

§ 1.642(c)-6A Valuation of charitable remainder interests for which the valuation date is before May 1, 2009.

* * * * *

(f) 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, and before May 1, 2009 -- (1) In general. In the case of transfers to pooled income funds for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a remainder interest is determined under this section. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). The present value of a remainder interest that is dependent on the termination of the life of one individual is computed by the use of Table S in paragraph (f)(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)(5) or (f)(6) of this section, at the option of the donor or the decedent's executor, as the case may be.

(iii) For purposes of paragraphs (f)(2)(i) and (f)(2)(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)(5) or (f)(6) of this section, 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 § 20.2031-7A(f)(4); 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. The provisions of § 1.642(c)-6(c) apply for determining the yearly rate of return. However, where the taxable year is less than 12 months, the provisions of § 1.642(c)-6T(e)(3)(ii) apply for the determining the yearly rate of return.

(4) Pooled income funds in existence less than 3 taxable years. The provisions of § 1.642(c)-6T(e)(4) apply for determining the highest yearly rate of return when the pooled income fund has been in existence less than three taxable years.

(5) Computation of value of remainder interest. The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (f)(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. Table S in paragraph (f)(6) of this section includes factors for yearly rates of return from 4.2 to 14 percent. Many actuarial factors not contained in Table S in paragraph (f)(6) of this section are contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-99). Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained by a written request to: CC:PA:LPD:PR (IRS Publication 1457), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. For other situations, see § 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. For an example of a computation of the present value of a remainder interest requiring a linear interpolation adjustment, see § 1.642(c)-6T(e)(5).

(6) Actuarial tables. In the case of transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following tables:

 TABLE S. -- BASED ON LIFE TABLE 90CM SINGLE LIFE REMAINDER FACTORS

 

 [Applicable After April 30, 1999, and Before May 1, 2009]

 

 

* * * * *

(7) Effective/applicability dates. Paragraphs (f)(1) through (f)(6) apply after April 30, 1999, and before May 1, 2009.

Par. 8. Section 1.664-2 is amended by revising paragraph (c) and adding paragraph (e) to read as follows:

§ 1.664-2 Charitable remainder annuity trust.

* * * * *

(c) Calculation of the fair market value of the remainder interest of a charitable remainder annuity trust. For purposes of sections 170, 2055, 2106, and 2522, the fair market value of the remainder interest of a charitable remainder annuity trust (as described in this section) is the net fair market value (as of the appropriate valuation date) of the property placed in trust less the present value of the annuity. For purposes of this section, valuation date means, in general, the date on which the property is transferred to the trust by the donor regardless of when the trust is created. In the case of transfers to a charitable remainder annuity trust for which the valuation date is after April 30, 1999, 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 transfer is made, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. For purposes of section 2055 or 2106, the valuation date is the date of death unless the alternate valuation date is elected in accordance with 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 present value of an annuity is computed under § 20.2031-7T(d) for transfers for which the valuation date is on or after May 1, 2009, or under § 20.2031-7A(a) through (f), whichever is applicable, for transfers for which the valuation date is before May 1, 2009. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances).

* * * * *

(e) Effective/applicability date. Paragraph (c)(1) applies after April 30, 1989.

Par. 9. Section 1.664-4 is amended as follows:

1. Paragraph (a)(1) is revised.

2. Paragraph (d) is removed.

3. The heading for paragraph (e) is redesignated as the heading for § 1.664-4A(f).

4. Paragraphs (e)(1), (e)(2), (e)(5), and (e)(7) are redesignated as § 1.664-4A(f)(1), (f)(2), (f)(5) and (f)(6), respectively.

5. New paragraphs (d), (e)(1), (e)(2), and (e)(5) are added.

6. The heading and introductory text of paragraph (e)(6), preceding Table D, is revised.

7. New paragraph (e)(7) is added.

8. Paragraph (f) is revised.

The additions and revision read as follows:

§ 1.664-4 Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.

(a) * * *

(1) [Reserved]. For further guidance, see § 1.664-4T(a)(1).

* * * * *

(d) through (e)(2) [Reserved]. For further guidance, see § 1.664-4T(d) through (e)(2).

* * * * *

(5) [Reserved]. For further guidance, see § 1.664-4T(e)(5).

(6) Actuarial Table D and F (4.2 through 14.0) for transfers for which the valuation date is after April 30, 1989. For transfers for which the valuation date is after April 30, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the section 7520 rate and the tables in this paragraph (e)(6). For transfers for which the valuation date is on or after May 1, 2009, where the present value of a charitable remainder unitrust interest is dependent on the termination of a life interest , see § 1.664-4T(e)(5). 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 Valuations Version 3B" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov.

* * * * *

(7) [Reserved]. For further guidance, see § 1.664-4T(e)(7).

(f) Effective/applicability dates. This section applies after April 30, 1999, and before May 1, 2009.

Par. 10. Section 1.664-4T is added to read as follows:

§ 1.664-4T Calculation of the fair market value of the remainder interest in a charitable remainder unitrust (temporary).

(a) [Reserved]. For further guidance, see § 1.664-4(a).

(1) Life contingencies determined as to each life involved, from the values of lx set forth in Table 2000CM contained in § 20.2031-7T(d)(7) in the case of transfers for which the valuation date is on or after May 1, 2009; or from Table 90CM contained in § 20.2031-7A(f)(4) in the case of transfer for which the valuation date is after April 30, 1999, and before May 1, 2009. See § 20.2031-7A(a) through (e), whichever is applicable, for transfers for which the valuation date is before May 1, 1999;

(a)(2) through (c) [Reserved]. For further guidance, see § 1.664-4(a)(2) through (c).

(d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is on or after May 1, 2009, 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 1,2009, is its present value determined under the following sections:

  Valuation Dates

 

      Applicable

 

 After        Before              Regulations

 

 --           01-01-52            1.664-4A(a)

 

 12-31-51     01-01-71            1.664-4A(b)

 

 12-31-70     12-01-83            1.664-4A(c)

 

 11-30-83     05-01-89            1.664-4A(d)

 

 04-30-89     05-01-99            1.664-4A(e)

 

 04-30-99     05-01-09            1.664-4A(f)

 

 

(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is on or after May 1, 2009 -- (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 on or after May 1, 2009, 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 § 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, § 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).

(2) Transitional rules for valuation of charitable remainder unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died on or after May 1, 2009, 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 on or after May 1, 2009, 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 or after May 1, 2009, 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 on or after May 1, 2009, and before July 1, 2009, 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(f)(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 (e)(2)(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(f)(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 tax deductions claimed must be valued based on the same tables).

(3) and (4) [Reserved]. For further guidance, see § 1.664-4(e)(3) and (e)(4).

(5) Period is the life of one individual. (i) 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 on or after May 1,2009, 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 (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in § 1.664-4(e)(4)) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is between 4.2 and 14 percent, see paragraph (e)(7) of this section. If the adjusted payout rate is below 4.2 percent or greater than 14 percent, see § 1.664-4(b).

(ii) The application of paragraph (e)(5)(i) of this section 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) 8 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 6.6 percent. Under Table F(6.6) in § 1.664-4(e)(6), the appropriate adjustment factor is .953317 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 7.627% (8% X .953317). Based on the remainder factors in Table U(1) in this section, the present value of the remainder interest is $11,075.00, computed as follows:

 Factor at 7.6 percent at age 45              .11141

 

 Factor at 7.8 percent at age 45              .10653

 

 Difference                                   .00488

 

 Interpolation adjustment:

 

 7.627% - 7.6%       =            x

 

 _____________                _______

 

 0.2%                    .00488

 

 x =         .00066

 

 Factor at 7.6 percent at age 45              .11141

 

 Less: Interpolation adjustment               .00066

 

 Interpolated Factor                          .11075

 

 Present value of remainder interest:

 

 ($100,000 X .11075)              $11,075.00

 

 

(6) [Reserved]. For further guidance, see § 1.664-4(e)(6).

(7) Actuarial Table U(1) for transfers for which the valuation date is on or after May 1, 2009. For transfers for which the valuation date is on or after May 1, 2009, the present value of a charitable remainder unitrust interest that is dependent on the termination of 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 § 1.664-4(e)(6). See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov.

 Table U(1) -- Unitrust Single Life Remainder Factors

 

                          Based on Life Table 2000CM

 

                      Applicable on or After May 1, 2009

 

 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   .05527 .04953 .04455 .04023 .03648 .03321 .03037 .02789 .02573 .02383

 

 1   .05095 .04501 .03986 .03538 .03148 .02809 .02513 .02255 .02029 .01831

 

 2   .05269 .04659 .04128 .03666 .03264 .02913 .02606 .02338 .02103 .01896

 

 3   .05468 .04841 .04295 .03818 .03403 .03040 .02722 .02443 .02199 .01984

 

 4   .05684 .05039 .04477 .03986 .03557 .03181 .02852 .02563 .02309 .02085

 

 5   .05912 .05251 .04672 .04166 .03723 .03335 .02993 .02694 .02429 .02197

 

 6   .06154 .05475 .04880 .04359 .03901 .03500 .03146 .02835 .02561 .02319

 

 7   .06407 .05709 .05097 .04561 .04089 .03673 .03308 .02985 .02700 .02448

 

 8   .06672 .05956 .05328 .04775 .04288 .03859 .03481 .03146 .02850 .02588

 

 9   .06951 .06217 .05571 .05002 .04500 .04057 .03665 .03319 .03012 .02739

 

 10   .07244 .06491 .05827 .05241 .04724 .04266 .03861 .03503 .03184 .02901

 

 11   .07550 .06778 .06096 .05494 .04961 .04489 .04070 .03698 .03368 .03074

 

 12   .07869 .07078 .06378 .05759 .05210 .04723 .04290 .03906 .03563 .03258

 

 13   .08199 .07389 .06670 .06034 .05468 .04966 .04519 .04121 .03767 .03450

 

 14   .08536 .07706 .06969 .06315 .05733 .05215 .04754 .04342 .03975 .03646

 

 15   .08877 .08027 .07271 .06599 .06000 .05467 .04990 .04565 .04184 .03844

 

 16   .09221 .08351 .07576 .06885 .06269 .05719 .05228 .04788 .04394 .04041

 

 17   .09570 .08679 .07885 .07176 .06542 .05975 .05468 .05014 .04606 .04240

 

 18   .09925 .09014 .08199 .07471 .06820 .06236 .05712 .05243 .04821 .04442

 

 19   .10289 .09356 .08522 .07774 .07104 .06503 .05963 .05478 .05041 .04648

 

 20   .10665 .09711 .08856 .08089 .07400 .06781 .06224 .05723 .05272 .04864

 

 21   .11052 .10077 .09201 .08413 .07706 .07068 .06495 .05977 .05510 .05088

 

 22   .11452 .10455 .09558 .08750 .08023 .07367 .06776 .06241 .05759 .05322

 

 23   .11867 .10848 .09929 .09101 .08354 .07680 .07070 .06519 .06019 .05567

 

 24   .12300 .11259 .10319 .09470 .08703 .08009 .07381 .06812 .06297 .05829

 

 25   .12755 .11691 .10730 .09860 .09073 .08359 .07713 .07126 .06593 .06109

 

 26   .13232 .12146 .11163 .10272 .09464 .08731 .08065 .07460 .06910 .06409

 

 27   .13732 .12624 .11619 .10706 .09878 .09125 .08440 .07816 .07248 .06731

 

 28   .14255 .13125 .12098 .11164 .10315 .09542 .08837 .08195 .07609 .07074

 

 29   .14799 .13647 .12598 .11644 .10773 .09980 .09256 .08594 .07990 .07438

 

 30   .15365 .14191 .13120 .12144 .11252 .10438 .09694 .09014 .08391 .07821

 

 31   .15952 .14756 .13664 .12666 .11754 .10919 .10155 .09455 .08813 .08225

 

 32   .16561 .15343 .14230 .13210 .12277 .11422 .10637 .09918 .09257 .08650

 

 33   .17193 .15954 .14819 .13778 .12824 .11948 .11143 .10403 .09724 .09098

 

 34   .17845 .16585 .15429 .14367 .13391 .12495 .11670 .10910 .10211 .09566

 

 35   .18520 .17239 .16062 .14979 .13982 .13065 .12219 .11440 .10721 .10057

 

 36   .19218 .17916 .16718 .15614 .14597 .13659 .12793 .11993 .11254 .10571

 

 37   .19938 .18617 .17398 .16274 .15236 .14276 .13390 .12570 .11812 .11110

 

 38   .20683 .19342 .18103 .16958 .15900 .14920 .14013 .13173 .12395 .11673

 

 39   .21450 .20090 .18832 .17667 .16588 .15588 .14661 .13801 .13003 .12261

 

 40   .22241 .20862 .19585 .18400 .17301 .16281 .15334 .14454 .13636 .12875

 

 41   .23055 .21659 .20362 .19158 .18040 .17000 .16033 .15133 .14295 .13514

 

 42   .23892 .22479 .21164 .19942 .18804 .17744 .16757 .15838 .14980 .14180

 

 43   .24756 .23326 .21994 .20753 .19596 .18517 .17511 .16572 .15695 .14875

 

 44   .25644 .24198 .22849 .21590 .20415 .19318 .18293 .17334 .16438 .15599

 

 45   .26557 .25096 .23731 .22455 .21263 .20147 .19103 .18125 .17210 .16352

 

 46   .27496 .26021 .24641 .23349 .22139 .21006 .19943 .18947 .18013 .17136

 

 47   .28460 .26972 .25578 .24270 .23044 .21893 .20813 .19799 .18846 .17951

 

 48   .29451 .27950 .26542 .25220 .23978 .22811 .21714 .20682 .19712 .18798

 

 49   .30468 .28957 .27536 .26201 .24944 .23761 .22648 .21599 .20611 .19679

 

 50   .31515 .29994 .28562 .27214 .25943 .24746 .23617 .22552 .21547 .20598

 

 51   .32591 .31062 .29620 .28260 .26976 .25765 .24621 .23541 .22520 .21554

 

 52   .33697 .32161 .30710 .29340 .28045 .26821 .25663 .24568 .23531 .22550

 

 53   .34832 .33291 .31833 .30453 .29148 .27912 .26741 .25632 .24582 .23585

 

 54   .35995 .34449 .32985 .31598 .30283 .29037 .27855 .26733 .25669 .24658

 

 55   .37183 .35635 .34166 .32773 .31450 .30194 .29001 .27868 .26791 .25768

 

 56   .38390 .36841 .35370 .33971 .32642 .31378 .30175 .29032 .27943 .26907

 

 57   .39618 .38069 .36596 .35194 .33859 .32588 .31377 .30224 .29125 .28077

 

 58   .40862 .39316 .37842 .36438 .35099 .33822 .32605 .31443 .30334 .29276

 

 59   .42126 .40583 .39110 .37705 .36364 .35083 .33859 .32691 .31574 .30506

 

 60   .43410 .41873 .40403 .38999 .37656 .36372 .35145 .33970 .32846 .31770

 

 61   .44714 .43183 .41718 .40316 .38974 .37689 .36458 .35279 .34149 .33067

 

 62   .46033 .44510 .43052 .41653 .40313 .39028 .37796 .36614 .35480 .34391

 

 63   .47366 .45853 .44402 .43010 .41673 .40390 .39157 .37974 .36836 .35744

 

 64   .48712 .47212 .45770 .44385 .43053 .41773 .40542 .39358 .38219 .37123

 

 65   .50073 .48586 .47156 .45779 .44454 .43179 .41951 .40768 .39629 .38531

 

 66   .51461 .49990 .48573 .47207 .45891 .44623 .43400 .42220 .41083 .39985

 

 67   .52872 .51419 .50018 .48665 .47360 .46100 .44884 .43710 .42576 .41481

 

 68   .54302 .52869 .51484 .50147 .48854 .47605 .46398 .45231 .44103 .43011

 

 69   .55744 .54333 .52968 .51648 .50371 .49134 .47938 .46780 .45659 .44573

 

 70   .57198 .55810 .54467 .53165 .51905 .50683 .49500 .48352 .47241 .46163

 

 71   .58662 .57300 .55980 .54700 .53458 .52253 .51084 .49950 .48849 .47781

 

 72   .60134 .58800 .57505 .56247 .55026 .53840 .52688 .51569 .50481 .49425

 

 73   .61608 .60303 .59035 .57803 .56604 .55439 .54305 .53203 .52131 .51087

 

 74   .63077 .61804 .60565 .59358 .58184 .57041 .55928 .54844 .53789 .52761

 

 75   .64536 .63295 .62085 .60907 .59759 .58639 .57548 .56485 .55447 .54436

 

 76   .65980 .64772 .63594 .62445 .61323 .60229 .59162 .58120 .57102 .56110

 

 77   .67408 .66234 .65089 .63970 .62877 .61809 .60766 .59747 .58751 .57779

 

 78   .68817 .67679 .66567 .65479 .64416 .63376 .62359 .61364 .60392 .59440

 

 79   .70205 .69104 .68026 .66971 .65938 .64927 .63937 .62968 .62019 .61090

 

 80   .71569 .70504 .69461 .68439 .67438 .66457 .65495 .64553 .63629 .62724

 

 81   .72905 .71878 .70871 .69883 .68914 .67963 .67031 .66116 .65219 .64339

 

 82   .74213 .73224 .72252 .71299 .70363 .69444 .68541 .67655 .66785 .65930

 

 83   .75489 .74538 .73603 .72684 .71781 .70894 .70022 .69165 .68323 .67495

 

 84   .76731 .75818 .74919 .74036 .73167 .72312 .71471 .70644 .69830 .69029

 

 85   .77937 .77062 .76200 .75352 .74516 .73694 .72884 .72087 .71302 .70529

 

 86   .79106 .78268 .77443 .76629 .75828 .75038 .74260 .73493 .72738 .71993

 

 87   .80235 .79434 .78645 .77866 .77098 .76341 .75595 .74858 .74132 .73416

 

 88   .81324 .80560 .79806 .79062 .78328 .77603 .76888 .76182 .75486 .74798

 

 89   .82371 .81643 .80924 .80214 .79513 .78821 .78137 .77461 .76794 .76134

 

 90   .83375 .82682 .81998 .81321 .80653 .79992 .79339 .78693 .78055 .77424

 

 91   .84336 .83678 .83027 .82383 .81747 .81117 .80494 .79878 .79268 .78665

 

 92   .85253 .84629 .84011 .83399 .82794 .82194 .81601 .81014 .80433 .79857

 

 93   .86126 .85534 .84948 .84367 .83792 .83222 .82658 .82099 .81545 .80997

 

 94   .86956 .86395 .85840 .85289 .84743 .84202 .83666 .83134 .82608 .82086

 

 95   .87744 .87213 .86687 .86166 .85648 .85135 .84626 .84122 .83621 .83125

 

 96   .88487 .87985 .87488 .86994 .86504 .86017 .85535 .85056 .84581 .84109

 

 97   .89188 .88714 .88244 .87776 .87312 .86852 .86395 .85941 .85490 .85042

 

 98   .89850 .89402 .88958 .88516 .88077 .87641 .87208 .86778 .86351 .85927

 

 99   .90475 .90053 .89632 .89215 .88800 .88388 .87978 .87571 .87167 .86765

 

 100   .91057 .90658 .90261 .89867 .89475 .89085 .88697 .88312 .87929 .87548

 

 101   .91610 .91234 .90860 .90487 .90117 .89749 .89382 .89018 .88655 .88295

 

 102   .92122 .91767 .91413 .91061 .90711 .90363 .90017 .89672 .89328 .88987

 

 103   .92630 .92296 .91963 .91632 .91303 .90975 .90648 .90323 .89999 .89677

 

 104   .93097 .92783 .92470 .92158 .91847 .91537 .91229 .90922 .90616 .90312

 

 105   .93558 .93263 .92969 .92676 .92383 .92092 .91802 .91513 .91225 .90938

 

 106   .94135 .93864 .93594 .93325 .93057 .92789 .92522 .92256 .91991 .91726

 

 107   .94789 .94546 .94304 .94062 .93821 .93580 .93340 .93101 .92861 .92623

 

 108   .95844 .95648 .95453 .95258 .95063 .94868 .94673 .94478 .94284 .94090

 

 109   .97900 .97800 .97700 .97600 .97500 .97400 .97300 .97200 .97100 .97000

 

 

 Table U(1) -- Unitrust Single Life Remainder Factors

 

                      Based on Life Table 2000CM

 

                  Applicable on or After May 1, 2009

 

 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   .02217 .02071 .01942 .01829 .01729 .01640 .01561 .01491 .01429 .01373

 

 1   .01657 .01504 .01369 .01250 .01145 .01053 .00970 .00897 .00831 .00773

 

 2   .01715 .01555 .01415 .01290 .01180 .01082 .00996 .00918 .00850 .00788

 

 3   .01795 .01628 .01481 .01350 .01235 .01132 .01041 .00960 .00887 .00822

 

 4   .01888 .01714 .01560 .01423 .01302 .01194 .01098 .01013 .00936 .00867

 

 5   .01991 .01809 .01648 .01505 .01378 .01265 .01164 .01074 .00993 .00921

 

 6   .02104 .01914 .01746 .01597 .01463 .01345 .01239 .01144 .01059 .00982

 

 7   .02225 .02027 .01851 .01695 .01555 .01430 .01319 .01219 .01130 .01049

 

 8   .02356 .02149 .01965 .01802 .01656 .01525 .01408 .01303 .01209 .01124

 

 9   .02497 .02282 .02090 .01919 .01766 .01629 .01506 .01396 .01296 .01207

 

 10   .02649 .02425 .02224 .02046 .01885 .01742 .01613 .01497 .01392 .01298

 

 11   .02812 .02578 .02369 .02182 .02015 .01865 .01729 .01608 .01498 .01398

 

 12   .02986 .02742 .02525 .02329 .02154 .01997 .01855 .01727 .01612 .01508

 

 13   .03167 .02914 .02687 .02483 .02300 .02135 .01987 .01853 .01732 .01622

 

 14   .03352 .03089 .02852 .02640 .02449 .02276 .02121 .01981 .01854 .01738

 

 15   .03538 .03264 .03018 .02797 .02597 .02417 .02255 .02107 .01974 .01853

 

 16   .03724 .03439 .03183 .02952 .02744 .02556 .02385 .02231 .02092 .01965

 

 17   .03911 .03615 .03348 .03107 .02890 .02694 .02516 .02354 .02208 .02075

 

 18   .04100 .03792 .03515 .03264 .03037 .02832 .02646 .02477 .02323 .02184

 

 19   .04294 .03974 .03685 .03424 .03188 .02973 .02778 .02602 .02441 .02294

 

 20   .04497 .04165 .03864 .03592 .03345 .03121 .02918 .02732 .02564 .02410

 

 21   .04707 .04362 .04049 .03766 .03508 .03275 .03062 .02868 .02691 .02530

 

 22   .04926 .04568 .04243 .03948 .03679 .03435 .03212 .03009 .02824 .02655

 

 23   .05157 .04785 .04447 .04140 .03860 .03605 .03372 .03160 .02965 .02788

 

 24   .05404 .05017 .04666 .04346 .04054 .03788 .03545 .03322 .03119 .02932

 

 25   .05668 .05268 .04902 .04569 .04265 .03987 .03733 .03500 .03287 .03091

 

 26   .05953 .05537 .05157 .04811 .04494 .04204 .03938 .03695 .03472 .03267

 

 27   .06258 .05827 .05433 .05072 .04742 .04440 .04163 .03908 .03674 .03459

 

 28   .06585 .06138 .05729 .05354 .05011 .04695 .04406 .04140 .03895 .03670

 

 29   .06932 .06469 .06044 .05655 .05297 .04969 .04667 .04389 .04132 .03896

 

 30   .07298 .06818 .06378 .05974 .05602 .05260 .04944 .04654 .04386 .04139

 

 31   .07684 .07188 .06732 .06312 .05925 .05569 .05241 .04937 .04657 .04399

 

 32   .08092 .07578 .07106 .06670 .06268 .05898 .05556 .05239 .04947 .04676

 

 33   .08522 .07991 .07501 .07050 .06633 .06247 .05891 .05561 .05256 .04972

 

 34   .08972 .08423 .07917 .07449 .07016 .06615 .06244 .05901 .05582 .05286

 

 35   .09444 .08878 .08354 .07869 .07420 .07004 .06618 .06260 .05928 .05619

 

 36   .09940 .09355 .08814 .08312 .07846 .07415 .07013 .06641 .06294 .05972

 

 37   .10459 .09856 .09297 .08777 .08295 .07847 .07431 .07043 .06682 .06346

 

 38   .11004 .10382 .09805 .09268 .08769 .08304 .07872 .07469 .07093 .06742

 

 39   .11573 .10932 .10337 .09782 .09266 .08784 .08336 .07917 .07526 .07161

 

 40   .12167 .11508 .10893 .10321 .09787 .09289 .08824 .08389 .07982 .07602

 

 41   .12787 .12109 .11476 .10885 .10334 .09818 .09336 .08885 .08463 .08068

 

 42   .13433 .12736 .12085 .11476 .10906 .10373 .09874 .09406 .08968 .08557

 

 43   .14109 .13393 .12723 .12095 .11508 .10957 .10441 .09957 .09502 .09075

 

 44   .14814 .14078 .13389 .12744 .12138 .11569 .11036 .10534 .10063 .09620

 

 45   .15548 .14793 .14086 .13421 .12797 .12211 .11659 .11141 .10653 .10193

 

 46   .16313 .15540 .14814 .14131 .13488 .12884 .12315 .11779 .11274 .10798

 

 47   .17109 .16318 .15573 .14871 .14210 .13588 .13001 .12448 .11925 .11432

 

 48   .17938 .17128 .16364 .15645 .14966 .14325 .13721 .13150 .12610 .12100

 

 49   .18801 .17973 .17191 .16453 .15756 .15098 .14475 .13887 .13330 .12803

 

 50   .19702 .18856 .18057 .17301 .16586 .15910 .15270 .14663 .14089 .13545

 

 51   .20642 .19778 .18961 .18188 .17456 .16762 .16104 .15480 .14889 .14328

 

 52   .21621 .20741 .19907 .19117 .18367 .17656 .16981 .16340 .15732 .15153

 

 53   .22641 .21745 .20894 .20087 .19321 .18593 .17901 .17243 .16617 .16022

 

 54   .23699 .22788 .21922 .21098 .20316 .19571 .18862 .18188 .17546 .16934

 

 55   .24794 .23868 .22987 .22148 .21350 .20589 .19865 .19174 .18516 .17888

 

 56   .25920 .24981 .24085 .23232 .22418 .21642 .20902 .20195 .19521 .18877

 

 57   .27078 .26126 .25217 .24349 .23521 .22730 .21975 .21253 .20563 .19904

 

 58   .28266 .27301 .26379 .25498 .24656 .23851 .23081 .22345 .21640 .20965

 

 59   .29486 .28510 .27576 .26682 .25827 .25009 .24225 .23474 .22755 .22065

 

 60   .30740 .29754 .28810 .27905 .27037 .26206 .25409 .24645 .23911 .23208

 

 61   .32029 .31033 .30079 .29164 .28285 .27442 .26632 .25855 .25109 .24391

 

 62   .33347 .32344 .31381 .30455 .29567 .28712 .27891 .27102 .26343 .25613

 

 63   .34693 .33684 .32713 .31779 .30881 .30017 .29185 .28385 .27614 .26872

 

 64   .36069 .35054 .34076 .33135 .32229 .31356 .30515 .29704 .28922 .28169

 

 65   .37474 .36455 .35472 .34525 .33612 .32731 .31881 .31061 .30270 .29506

 

 66   .38927 .37905 .36919 .35968 .35049 .34161 .33304 .32476 .31676 .30903

 

 67   .40423 .39401 .38413 .37458 .36535 .35643 .34780 .33946 .33138 .32357

 

 68   .41956 .40935 .39947 .38991 .38066 .37170 .36303 .35464 .34650 .33863

 

 69   .43522 .42504 .41518 .40562 .39636 .38739 .37869 .37026 .36208 .35415

 

 70   .45118 .44104 .43121 .42168 .41243 .40346 .39475 .38629 .37809 .37012

 

 71   .46744 .45737 .44759 .43810 .42888 .41992 .41122 .40276 .39455 .38656

 

 72   .48398 .47399 .46429 .45486 .44568 .43676 .42808 .41964 .41143 .40344

 

 73   .50072 .49084 .48123 .47187 .46276 .45389 .44526 .43685 .42866 .42068

 

 74   .51759 .50784 .49833 .48907 .48004 .47124 .46267 .45431 .44616 .43821

 

 75   .53450 .52488 .51550 .50635 .49743 .48872 .48022 .47192 .46383 .45592

 

 76   .55140 .54194 .53270 .52368 .51487 .50626 .49785 .48964 .48161 .47377

 

 77   .56828 .55898 .54990 .54102 .53234 .52385 .51555 .50744 .49950 .49173

 

 78   .58509 .57598 .56707 .55835 .54981 .54146 .53328 .52528 .51744 .50977

 

 79   .60181 .59290 .58417 .57562 .56725 .55904 .55100 .54313 .53541 .52785

 

 80   .61837 .60967 .60114 .59278 .58458 .57653 .56865 .56091 .55333 .54589

 

 81   .63475 .62627 .61795 .60979 .60177 .59391 .58619 .57861 .57117 .56386

 

 82   .65091 .64267 .63457 .62661 .61880 .61112 .60358 .59617 .58888 .58173

 

 83   .66681 .65881 .65094 .64321 .63560 .62812 .62077 .61353 .60642 .59942

 

 84   .68241 .67466 .66703 .65952 .65214 .64487 .63771 .63067 .62373 .61691

 

 85   .69768 .69019 .68280 .67553 .66837 .66132 .65437 .64753 .64078 .63414

 

 86   .71259 .70536 .69822 .69120 .68427 .67744 .67070 .66406 .65752 .65107

 

 87   .72709 .72012 .71325 .70647 .69977 .69317 .68666 .68023 .67389 .66764

 

 88   .74119 .73449 .72787 .72134 .71489 .70852 .70223 .69602 .68989 .68384

 

 89   .75483 .74840 .74204 .73576 .72955 .72342 .71736 .71138 .70546 .69962

 

 90   .76800 .76183 .75573 .74971 .74375 .73785 .73202 .72626 .72056 .71493

 

 91   .78069 .77479 .76895 .76317 .75745 .75180 .74620 .74067 .73519 .72977

 

 92   .79288 .78724 .78165 .77613 .77065 .76524 .75987 .75456 .74930 .74409

 

 93   .80453 .79915 .79382 .78854 .78331 .77812 .77299 .76790 .76286 .75787

 

 94   .81568 .81055 .80547 .80043 .79544 .79048 .78557 .78071 .77588 .77110

 

 95   .82633 .82144 .81660 .81180 .80704 .80231 .79763 .79298 .78837 .78380

 

 96   .83642 .83177 .82717 .82259 .81806 .81356 .80909 .80465 .80025 .79588

 

 97   .84598 .84157 .83719 .83284 .82853 .82424 .81998 .81576 .81156 .80739

 

 98   .85505 .85086 .84670 .84257 .83847 .83439 .83034 .82631 .82232 .81835

 

 99   .86365 .85968 .85573 .85181 .84791 .84404 .84019 .83636 .83255 .82877

 

 100   .87169 .86792 .86418 .86045 .85675 .85307 .84941 .84577 .84215 .83855

 

 101   .87936 .87579 .87224 .86871 .86520 .86171 .85823 .85477 .85133 .84791

 

 102   .88647 .88309 .87972 .87637 .87304 .86972 .86642 .86313 .85986 .85660

 

 103   .89356 .89036 .88718 .88402 .88086 .87772 .87460 .87149 .86839 .86531

 

 104   .90008 .89706 .89405 .89105 .88807 .88509 .88213 .87918 .87624 .87331

 

 105   .90652 .90366 .90082 .89799 .89517 .89236 .88955 .88676 .88398 .88120

 

 106   .91462 .91199 .90937 .90675 .90414 .90154 .89895 .89636 .89378 .89121

 

 107   .92385 .92147 .91910 .91673 .91437 .91201 .90966 .90731 .90497 .90263

 

 108   .93896 .93702 .93509 .93316 .93123 .92930 .92737 .92544 .92352 .92160

 

 109   .96900 .96800 .96700 .96600 .96500 .96400 .96300 .96200 .96100 .96000

 

 

 Table U(1) -- Unitrust Single Life Remainder Factors

 

                      Based on Life Table 2000CM

 

                  Applicable on or After May 1, 2009

 

 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   .01323 .01279 .01238 .01202 .01169 .01139 .01112 .01088 .01065 .01044

 

 1   .00721 .00674 .00632 .00594 .00559 .00528 .00500 .00474 .00451 .00430

 

 2   .00733 .00683 .00639 .00598 .00562 .00529 .00499 .00472 .00447 .00425

 

 3   .00764 .00711 .00664 .00622 .00583 .00548 .00516 .00487 .00461 .00437

 

 4   .00806 .00750 .00700 .00655 .00614 .00577 .00543 .00513 .00485 .00459

 

 5   .00856 .00797 .00744 .00696 .00653 .00614 .00578 .00545 .00515 .00488

 

 6   .00914 .00852 .00795 .00745 .00699 .00657 .00619 .00584 .00552 .00523

 

 7   .00976 .00911 .00851 .00798 .00749 .00704 .00664 .00627 .00593 .00562

 

 8   .01047 .00978 .00915 .00858 .00806 .00759 .00716 .00677 .00640 .00607

 

 9   .01126 .01053 .00986 .00926 .00871 .00821 .00775 .00734 .00695 .00660

 

 10   .01213 .01136 .01065 .01002 .00944 .00891 .00842 .00798 .00757 .00720

 

 11   .01309 .01227 .01153 .01086 .01024 .00968 .00917 .00870 .00827 .00787

 

 12   .01413 .01327 .01249 .01178 .01113 .01054 .00999 .00950 .00904 .00862

 

 13   .01523 .01432 .01350 .01275 .01206 .01144 .01086 .01034 .00985 .00940

 

 14   .01634 .01539 .01452 .01373 .01301 .01235 .01174 .01118 .01067 .01020

 

 15   .01743 .01643 .01552 .01469 .01393 .01323 .01259 .01200 .01146 .01096

 

 16   .01849 .01744 .01648 .01561 .01480 .01407 .01339 .01277 .01220 .01167

 

 17   .01953 .01843 .01742 .01650 .01565 .01488 .01416 .01351 .01290 .01235

 

 18   .02056 .01940 .01834 .01737 .01648 .01566 .01491 .01422 .01358 .01299

 

 19   .02160 .02038 .01927 .01824 .01730 .01644 .01565 .01492 .01424 .01362

 

 20   .02270 .02141 .02024 .01916 .01817 .01726 .01642 .01565 .01494 .01428

 

 21   .02382 .02247 .02124 .02010 .01906 .01810 .01721 .01640 .01565 .01495

 

 22   .02500 .02358 .02228 .02108 .01998 .01897 .01803 .01717 .01638 .01564

 

 23   .02625 .02476 .02339 .02213 .02097 .01990 .01891 .01800 .01716 .01638

 

 24   .02761 .02604 .02460 .02327 .02205 .02092 .01988 .01891 .01802 .01719

 

 25   .02912 .02747 .02595 .02455 .02326 .02206 .02096 .01994 .01900 .01812

 

 26   .03078 .02904 .02744 .02597 .02461 .02335 .02218 .02110 .02010 .01917

 

 27   .03261 .03079 .02910 .02755 .02611 .02478 .02355 .02241 .02135 .02037

 

 28   .03462 .03270 .03093 .02929 .02778 .02637 .02507 .02387 .02274 .02170

 

 29   .03678 .03477 .03291 .03118 .02959 .02811 .02673 .02546 .02427 .02316

 

 30   .03910 .03699 .03503 .03322 .03154 .02997 .02852 .02717 .02592 .02475

 

 31   .04159 .03937 .03731 .03541 .03364 .03199 .03046 .02903 .02770 .02646

 

 32   .04425 .04192 .03976 .03776 .03589 .03416 .03254 .03104 .02963 .02832

 

 33   .04710 .04466 .04239 .04029 .03832 .03650 .03479 .03320 .03172 .03033

 

 34   .05011 .04756 .04518 .04297 .04090 .03898 .03718 .03551 .03394 .03247

 

 35   .05331 .05064 .04815 .04582 .04366 .04163 .03974 .03798 .03632 .03477

 

 36   .05671 .05391 .05130 .04887 .04659 .04446 .04247 .04061 .03887 .03723

 

 37   .06032 .05739 .05466 .05210 .04972 .04748 .04539 .04343 .04159 .03986

 

 38   .06415 .06109 .05823 .05556 .05305 .05070 .04850 .04644 .04450 .04268

 

 39   .06819 .06500 .06201 .05921 .05658 .05412 .05181 .04964 .04760 .04568

 

 40   .07246 .06913 .06601 .06308 .06033 .05774 .05532 .05304 .05089 .04887

 

 41   .07697 .07349 .07023 .06717 .06429 .06158 .05904 .05664 .05439 .05226

 

 42   .08171 .07809 .07469 .07149 .06848 .06564 .06298 .06046 .05809 .05585

 

 43   .08674 .08297 .07942 .07608 .07293 .06997 .06717 .06453 .06204 .05969

 

 44   .09203 .08810 .08441 .08092 .07764 .07454 .07161 .06885 .06624 .06377

 

 45   .09760 .09352 .08967 .08604 .08261 .07938 .07632 .07342 .07068 .06809

 

 46   .10348 .09925 .09524 .09146 .08789 .08451 .08131 .07828 .07542 .07270

 

 47   .10967 .10527 .10111 .09717 .09345 .08992 .08659 .08342 .08042 .07757

 

 48   .11618 .11161 .10730 .10321 .09933 .09566 .09217 .08887 .08573 .08275

 

 49   .12304 .11831 .11383 .10958 .10555 .10173 .09810 .09465 .09137 .08825

 

 50   .13029 .12540 .12076 .11635 .11216 .10818 .10440 .10081 .09739 .09413

 

 51   .13795 .13289 .12808 .12351 .11917 .11504 .11110 .10736 .10379 .10040

 

 52   .14604 .14081 .13584 .13111 .12661 .12232 .11823 .11434 .11062 .10708

 

 53   .15456 .14917 .14404 .13914 .13448 .13004 .12580 .12175 .11789 .11420

 

 54   .16352 .15796 .15266 .14761 .14279 .13819 .13379 .12959 .12558 .12175

 

 55   .17289 .16717 .16171 .15650 .15152 .14676 .14221 .13786 .13370 .12971

 

 56   .18262 .17674 .17113 .16576 .16062 .15570 .15100 .14650 .14218 .13805

 

 57   .19273 .18669 .18092 .17539 .17010 .16503 .16017 .15552 .15105 .14677

 

 58   .20319 .19700 .19107 .18539 .17994 .17472 .16971 .16490 .16029 .15586

 

 59   .21404 .20770 .20162 .19579 .19019 .18481 .17965 .17470 .16993 .16535

 

 60   .22532 .21884 .21261 .20663 .20088 .19536 .19005 .18494 .18003 .17530

 

 61   .23702 .23040 .22403 .21790 .21201 .20634 .20089 .19564 .19058 .18571

 

 62   .24911 .24235 .23584 .22958 .22355 .21774 .21214 .20674 .20154 .19653

 

 63   .26157 .25468 .24805 .24165 .23548 .22954 .22380 .21827 .21293 .20777

 

 64   .27442 .26742 .26065 .25413 .24783 .24175 .23588 .23021 .22474 .21944

 

 65   .28768 .28056 .27368 .26703 .26061 .25441 .24841 .24261 .23700 .23158

 

 66   .30156 .29433 .28735 .28059 .27405 .26773 .26161 .25569 .24995 .24440

 

 67   .31601 .30870 .30161 .29476 .28812 .28169 .27545 .26942 .26357 .25790

 

 68   .33100 .32360 .31643 .30949 .30275 .29622 .28989 .28375 .27779 .27201

 

 69   .34646 .33900 .33177 .32474 .31793 .31131 .30489 .29865 .29259 .28671

 

 70   .36239 .35488 .34758 .34049 .33361 .32692 .32041 .31409 .30795 .30197

 

 71   .37880 .37125 .36391 .35677 .34983 .34308 .33651 .33011 .32389 .31784

 

 72   .39566 .38809 .38073 .37355 .36657 .35977 .35315 .34670 .34041 .33429

 

 73   .41291 .40534 .39796 .39077 .38376 .37693 .37027 .36377 .35744 .35126

 

 74   .43046 .42290 .41552 .40833 .40131 .39446 .38778 .38125 .37489 .36867

 

 75   .44821 .44068 .43332 .42614 .41913 .41227 .40558 .39904 .39266 .38641

 

 76   .46611 .45862 .45130 .44415 .43715 .43031 .42363 .41709 .41069 .40444

 

 77   .48414 .47671 .46944 .46233 .45537 .44856 .44189 .43536 .42898 .42272

 

 78   .50226 .49490 .48770 .48065 .47374 .46697 .46034 .45384 .44747 .44123

 

 79   .52043 .51317 .50604 .49906 .49222 .48551 .47892 .47247 .46614 .45993

 

 80   .53859 .53142 .52440 .51750 .51074 .50410 .49758 .49118 .48491 .47874

 

 81   .55669 .54964 .54273 .53593 .52926 .52271 .51627 .50995 .50373 .49763

 

 82   .57469 .56778 .56099 .55431 .54774 .54129 .53494 .52871 .52257 .51654

 

 83   .59254 .58577 .57911 .57256 .56612 .55978 .55354 .54740 .54136 .53541

 

 84   .61019 .60358 .59706 .59065 .58434 .57812 .57200 .56597 .56003 .55419

 

 85   .62759 .62114 .61479 .60853 .60236 .59628 .59028 .58438 .57856 .57282

 

 86   .64470 .63843 .63224 .62614 .62012 .61419 .60833 .60256 .59687 .59125

 

 87   .66146 .65537 .64936 .64342 .63757 .63179 .62608 .62045 .61489 .60941

 

 88   .67786 .67196 .66613 .66037 .65469 .64907 .64352 .63804 .63263 .62728

 

 89   .69384 .68813 .68249 .67691 .67140 .66595 .66057 .65525 .64999 .64479

 

 90   .70936 .70385 .69840 .69301 .68768 .68241 .67719 .67204 .66693 .66189

 

 91   .72440 .71909 .71384 .70864 .70349 .69840 .69336 .68837 .68344 .67855

 

 92   .73894 .73383 .72878 .72377 .71881 .71390 .70904 .70422 .69945 .69473

 

 93   .75292 .74801 .74316 .73834 .73357 .72885 .72416 .71952 .71492 .71037

 

 94   .76636 .76166 .75700 .75238 .74780 .74326 .73876 .73429 .72986 .72547

 

 95   .77926 .77476 .77030 .76587 .76148 .75712 .75280 .74851 .74426 .74004

 

 96   .79155 .78725 .78298 .77874 .77453 .77036 .76622 .76210 .75802 .75397

 

 97   .80325 .79915 .79507 .79101 .78699 .78300 .77903 .77509 .77117 .76729

 

 98   .81440 .81048 .80659 .80272 .79887 .79505 .79126 .78749 .78375 .78002

 

 99   .82502 .82128 .81757 .81388 .81021 .80656 .80294 .79934 .79576 .79220

 

 100   .83497 .83141 .82788 .82436 .82086 .81738 .81392 .81048 .80706 .80365

 

 101   .84451 .84112 .83776 .83441 .83107 .82776 .82446 .82117 .81791 .81466

 

 102   .85337 .85014 .84693 .84374 .84056 .83740 .83425 .83112 .82800 .82490

 

 103   .86223 .85918 .85613 .85310 .85008 .84708 .84409 .84111 .83814 .83519

 

 104   .87040 .86749 .86460 .86172 .85885 .85599 .85314 .85030 .84748 .84466

 

 105   .87844 .87568 .87294 .87020 .86748 .86476 .86205 .85935 .85666 .85398

 

 106   .88865 .88609 .88354 .88100 .87846 .87594 .87341 .87090 .86839 .86590

 

 107   .90030 .89797 .89565 .89333 .89102 .88871 .88641 .88411 .88181 .87952

 

 108   .91968 .91776 .91585 .91394 .91203 .91012 .90821 .90630 .90440 .90250

 

 109   .95900 .95800 .95700 .95600 .95500 .95400 .95300 .95200 .95100 .95000

 

 

 Table U(1) -- Unitrust Single Life Remainder Factors

 

                      Based on Life Table 2000CM

 

                  Applicable on or After May 1, 2009

 

 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   .01025 .01008 .00992 .00977 .00963 .00950 .00938 .00927 .00917 .00907

 

 1   .00410 .00392 .00376 .00361 .00347 .00334 .00322 .00310 .00300 .00290

 

 2   .00404 .00385 .00367 .00351 .00336 .00322 .00310 .00298 .00287 .00276

 

 3   .00415 .00394 .00376 .00359 .00343 .00328 .00314 .00301 .00290 .00279

 

 4   .00435 .00414 .00394 .00375 .00358 .00342 .00328 .00314 .00302 .00290

 

 5   .00463 .00439 .00418 .00398 .00380 .00363 .00348 .00333 .00319 .00307

 

 6   .00496 .00471 .00448 .00427 .00408 .00390 .00373 .00357 .00343 .00329

 

 7   .00533 .00507 .00483 .00460 .00439 .00420 .00402 .00385 .00369 .00355

 

 8   .00577 .00549 .00523 .00499 .00476 .00456 .00436 .00418 .00402 .00386

 

 9   .00627 .00598 .00570 .00544 .00520 .00498 .00478 .00458 .00440 .00423

 

 10   .00685 .00653 .00624 .00596 .00571 .00547 .00525 .00505 .00485 .00467

 

 11   .00750 .00716 .00685 .00656 .00629 .00603 .00580 .00558 .00537 .00518

 

 12   .00823 .00787 .00753 .00722 .00693 .00667 .00642 .00618 .00596 .00576

 

 13   .00899 .00861 .00826 .00793 .00762 .00734 .00707 .00682 .00659 .00637

 

 14   .00976 .00935 .00898 .00863 .00831 .00801 .00772 .00746 .00722 .00698

 

 15   .01050 .01007 .00967 .00931 .00896 .00864 .00835 .00807 .00781 .00756

 

 16   .01118 .01073 .01031 .00992 .00956 .00922 .00891 .00861 .00834 .00808

 

 17   .01183 .01135 .01091 .01050 .01011 .00976 .00942 .00911 .00882 .00855

 

 18   .01244 .01194 .01147 .01104 .01063 .01025 .00990 .00957 .00926 .00897

 

 19   .01304 .01251 .01202 .01156 .01113 .01073 .01035 .01001 .00968 .00937

 

 20   .01367 .01311 .01258 .01209 .01164 .01122 .01082 .01045 .01011 .00978

 

 21   .01430 .01371 .01315 .01263 .01215 .01171 .01129 .01090 .01053 .01019

 

 22   .01496 .01432 .01373 .01319 .01268 .01220 .01176 .01134 .01095 .01059

 

 23   .01565 .01498 .01436 .01377 .01323 .01273 .01225 .01181 .01140 .01101

 

 24   .01642 .01571 .01505 .01443 .01386 .01332 .01282 .01235 .01191 .01149

 

 25   .01731 .01655 .01585 .01519 .01458 .01401 .01347 .01297 .01250 .01206

 

 26   .01831 .01751 .01676 .01606 .01541 .01480 .01423 .01370 .01320 .01273

 

 27   .01945 .01860 .01780 .01706 .01637 .01572 .01511 .01454 .01401 .01351

 

 28   .02073 .01982 .01898 .01819 .01745 .01676 .01611 .01551 .01494 .01440

 

 29   .02213 .02117 .02027 .01943 .01865 .01791 .01722 .01658 .01597 .01540

 

 30   .02365 .02263 .02168 .02079 .01995 .01917 .01844 .01775 .01710 .01649

 

 31   .02531 .02422 .02321 .02226 .02138 .02054 .01976 .01902 .01833 .01768

 

 32   .02709 .02595 .02487 .02387 .02292 .02204 .02120 .02042 .01968 .01899

 

 33   .02903 .02782 .02668 .02561 .02461 .02366 .02278 .02194 .02116 .02041

 

 34   .03110 .02981 .02860 .02747 .02640 .02540 .02446 .02357 .02273 .02194

 

 35   .03332 .03195 .03067 .02947 .02834 .02728 .02627 .02533 .02444 .02359

 

 36   .03569 .03425 .03290 .03162 .03042 .02929 .02823 .02722 .02627 .02537

 

 37   .03824 .03671 .03528 .03393 .03266 .03146 .03032 .02925 .02824 .02729

 

 38   .04097 .03936 .03784 .03641 .03506 .03379 .03259 .03145 .03037 .02936

 

 39   .04387 .04217 .04057 .03905 .03763 .03628 .03500 .03380 .03265 .03157

 

 40   .04696 .04517 .04347 .04187 .04036 .03893 .03758 .03630 .03509 .03394

 

 41   .05025 .04836 .04657 .04488 .04328 .04177 .04034 .03898 .03769 .03647

 

 42   .05374 .05174 .04986 .04807 .04638 .04478 .04326 .04183 .04046 .03917

 

 43   .05747 .05537 .05338 .05150 .04971 .04802 .04641 .04489 .04344 .04207

 

 44   .06143 .05922 .05712 .05514 .05325 .05147 .04977 .04816 .04663 .04517

 

 45   .06564 .06331 .06111 .05901 .05703 .05514 .05335 .05164 .05002 .04848

 

 46   .07012 .06768 .06536 .06315 .06106 .05907 .05718 .05538 .05366 .05203

 

 47   .07487 .07231 .06987 .06755 .06535 .06325 .06125 .05935 .05754 .05581

 

 48   .07992 .07723 .07467 .07223 .06991 .06770 .06560 .06359 .06168 .05985

 

 49   .08529 .08247 .07978 .07722 .07479 .07246 .07024 .06813 .06611 .06418

 

 50   .09103 .08808 .08526 .08258 .08002 .07757 .07524 .07301 .07088 .06885

 

 51   .09716 .09407 .09112 .08831 .08562 .08306 .08060 .07826 .07601 .07387

 

 52   .10370 .10047 .09739 .09445 .09163 .08894 .08637 .08390 .08154 .07928

 

 53   .11068 .10731 .10409 .10101 .09806 .09524 .09254 .08996 .08748 .08510

 

 54   .11808 .11457 .11121 .10800 .10492 .10197 .09914 .09642 .09382 .09133

 

 55   .12590 .12225 .11875 .11540 .11218 .10910 .10614 .10330 .10057 .09795

 

 56   .13409 .13029 .12665 .12316 .11981 .11659 .11350 .11053 .10768 .10493

 

 57   .14266 .13872 .13494 .13130 .12781 .12446 .12123 .11813 .11515 .11228

 

 58   .15160 .14751 .14359 .13981 .13618 .13269 .12933 .12609 .12298 .11998

 

 59   .16095 .15672 .15264 .14873 .14495 .14132 .13783 .13446 .13121 .12808

 

 60   .17076 .16638 .16216 .15810 .15419 .15042 .14678 .14328 .13990 .13663

 

 61   .18101 .17649 .17213 .16793 .16388 .15997 .15619 .15255 .14904 .14564

 

 62   .19169 .18703 .18253 .17818 .17399 .16994 .16603 .16225 .15860 .15507

 

 63   .20279 .19799 .19335 .18886 .18453 .18034 .17629 .17238 .16859 .16493

 

 64   .21433 .20939 .20461 .19998 .19551 .19119 .18700 .18295 .17903 .17523

 

 65   .22633 .22125 .21633 .21158 .20697 .20251 .19819 .19400 .18994 .18601

 

 66   .23903 .23382 .22877 .22388 .21914 .21455 .21010 .20578 .20159 .19752

 

 67   .25240 .24707 .24190 .23688 .23202 .22730 .22271 .21827 .21395 .20975

 

 68   .26640 .26095 .25566 .25053 .24554 .24070 .23600 .23143 .22698 .22267

 

 69   .28099 .27544 .27004 .26480 .25970 .25474 .24992 .24523 .24067 .23623

 

 70   .29616 .29051 .28501 .27966 .27446 .26939 .26446 .25966 .25499 .25044

 

 71   .31194 .30620 .30062 .29517 .28987 .28471 .27968 .27478 .27000 .26534

 

 72   .32833 .32251 .31684 .31132 .30593 .30068 .29556 .29057 .28569 .28094

 

 73   .34524 .33936 .33363 .32804 .32258 .31725 .31205 .30697 .30201 .29717

 

 74   .36260 .35667 .35089 .34523 .33971 .33432 .32905 .32390 .31887 .31395

 

 75   .38031 .37435 .36852 .36282 .35725 .35180 .34647 .34126 .33617 .33118

 

 76   .39832 .39233 .38647 .38074 .37513 .36964 .36427 .35901 .35386 .34882

 

 77   .41660 .41060 .40473 .39898 .39335 .38783 .38242 .37713 .37194 .36685

 

 78   .43512 .42913 .42326 .41750 .41186 .40632 .40090 .39558 .39036 .38524

 

 79   .45384 .44787 .44201 .43626 .43062 .42509 .41966 .41432 .40909 .40396

 

 80   .47269 .46675 .46092 .45519 .44957 .44404 .43862 .43329 .42806 .42291

 

 81   .49163 .48574 .47994 .47425 .46866 .46316 .45775 .45244 .44722 .44208

 

 82   .51061 .50478 .49904 .49340 .48784 .48238 .47701 .47173 .46653 .46141

 

 83   .52956 .52380 .51813 .51255 .50705 .50165 .49632 .49108 .48592 .48083

 

 84   .54843 .54275 .53716 .53166 .52623 .52089 .51562 .51044 .50532 .50029

 

 85   .56716 .56159 .55609 .55067 .54533 .54006 .53487 .52975 .52470 .51972

 

 86   .58571 .58024 .57485 .56953 .56428 .55910 .55399 .54894 .54397 .53906

 

 87   .60399 .59864 .59337 .58815 .58301 .57793 .57291 .56795 .56306 .55823

 

 88   .62200 .61678 .61162 .60653 .60150 .59653 .59161 .58676 .58196 .57722

 

 89   .63965 .63457 .62954 .62458 .61967 .61481 .61001 .60526 .60057 .59593

 

 90   .65690 .65196 .64707 .64224 .63746 .63273 .62805 .62342 .61884 .61431

 

 91   .67371 .66892 .66418 .65949 .65485 .65025 .64570 .64119 .63673 .63231

 

 92   .69005 .68542 .68083 .67628 .67178 .66732 .66290 .65852 .65419 .64989

 

 93   .70585 .70137 .69694 .69254 .68819 .68387 .67959 .67534 .67114 .66697

 

 94   .72112 .71681 .71253 .70828 .70407 .69990 .69576 .69166 .68759 .68355

 

 95   .73585 .73170 .72758 .72349 .71943 .71541 .71141 .70745 .70352 .69961

 

 96   .74995 .74595 .74199 .73806 .73415 .73027 .72642 .72260 .71881 .71505

 

 97   .76343 .75960 .75579 .75201 .74826 .74453 .74083 .73715 .73350 .72987

 

 98   .77633 .77265 .76900 .76538 .76177 .75819 .75463 .75110 .74759 .74410

 

 99   .78866 .78514 .78165 .77817 .77472 .77129 .76787 .76448 .76111 .75775

 

 100   .80027 .79690 .79356 .79023 .78692 .78363 .78036 .77710 .77386 .77065

 

 101   .81143 .80821 .80502 .80183 .79867 .79552 .79239 .78927 .78617 .78308

 

 102   .82181 .81874 .81568 .81264 .80961 .80659 .80359 .80060 .79763 .79467

 

 103   .83225 .82933 .82641 .82351 .82062 .81774 .81488 .81203 .80919 .80636

 

 104   .84186 .83907 .83629 .83351 .83076 .82801 .82527 .82254 .81982 .81712

 

 105   .85131 .84865 .84600 .84336 .84072 .83810 .83548 .83288 .83028 .82769

 

 106   .86340 .86092 .85844 .85597 .85351 .85105 .84860 .84616 .84372 .84130

 

 107   .87724 .87496 .87268 .87041 .86815 .86589 .86363 .86138 .85914 .85690

 

 108   .90060 .89870 .89681 .89492 .89303 .89114 .88925 .88736 .88548 .88360

 

 109   .94900 .94800 .94700 .94600 .94500 .94400 .94300 .94200 .94100 .94000

 

 

 Table U(1) -- Unitrust Single Life Remainder Factors

 

                      Based on Life Table 2000CM

 

                  Applicable on or After May 1, 2009

 

 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   .00898 .00889 .00881 .00873 .00866 .00859 .00853 .00846 .00840 .00835

 

 1   .00281 .00273 .00265 .00257 .00250 .00244 .00237 .00232 .00226 .00221

 

 2   .00267 .00258 .00249 .00241 .00234 .00227 .00220 .00214 .00208 .00202

 

 3   .00268 .00259 .00249 .00241 .00233 .00225 .00218 .00212 .00205 .00199

 

 4   .00279 .00268 .00258 .00249 .00241 .00233 .00225 .00218 .00211 .00205

 

 5   .00295 .00284 .00273 .00263 .00254 .00245 .00237 .00229 .00222 .00215

 

 6   .00316 .00304 .00293 .00283 .00273 .00263 .00254 .00246 .00238 .00230

 

 7   .00341 .00328 .00316 .00305 .00294 .00284 .00274 .00265 .00256 .00248

 

 8   .00371 .00357 .00344 .00332 .00320 .00310 .00299 .00289 .00280 .00271

 

 9   .00408 .00393 .00379 .00366 .00353 .00341 .00330 .00320 .00310 .00300

 

 10   .00450 .00434 .00419 .00405 .00392 .00379 .00367 .00356 .00345 .00335

 

 11   .00500 .00483 .00467 .00452 .00438 .00424 .00411 .00399 .00387 .00376

 

 12   .00557 .00538 .00521 .00505 .00490 .00476 .00462 .00449 .00436 .00425

 

 13   .00617 .00597 .00579 .00562 .00546 .00531 .00516 .00502 .00489 .00477

 

 14   .00677 .00656 .00637 .00619 .00602 .00585 .00570 .00555 .00541 .00528

 

 15   .00733 .00712 .00691 .00672 .00654 .00636 .00620 .00605 .00590 .00576

 

 16   .00784 .00761 .00739 .00719 .00700 .00681 .00664 .00648 .00632 .00618

 

 17   .00829 .00805 .00782 .00761 .00741 .00721 .00703 .00686 .00670 .00654

 

 18   .00870 .00845 .00821 .00798 .00777 .00756 .00737 .00719 .00702 .00685

 

 19   .00909 .00882 .00856 .00832 .00810 .00788 .00768 .00749 .00731 .00713

 

 20   .00948 .00919 .00892 .00867 .00843 .00821 .00799 .00779 .00760 .00741

 

 21   .00986 .00956 .00927 .00901 .00875 .00851 .00829 .00807 .00787 .00767

 

 22   .01024 .00992 .00962 .00933 .00906 .00881 .00857 .00834 .00813 .00792

 

 23   .01065 .01030 .00998 .00968 .00939 .00912 .00887 .00862 .00839 .00818

 

 24   .01110 .01074 .01040 .01007 .00977 .00948 .00921 .00895 .00870 .00847

 

 25   .01165 .01126 .01089 .01055 .01022 .00991 .00962 .00934 .00908 .00884

 

 26   .01228 .01187 .01148 .01111 .01076 .01043 .01012 .00982 .00955 .00928

 

 27   .01303 .01259 .01217 .01178 .01140 .01105 .01072 .01040 .01010 .00982

 

 28   .01390 .01342 .01297 .01255 .01215 .01178 .01142 .01108 .01076 .01046

 

 29   .01486 .01435 .01387 .01342 .01299 .01259 .01221 .01185 .01150 .01117

 

 30   .01591 .01537 .01486 .01437 .01392 .01348 .01307 .01269 .01232 .01197

 

 31   .01707 .01649 .01594 .01542 .01493 .01447 .01403 .01361 .01322 .01284

 

 32   .01833 .01771 .01713 .01657 .01605 .01555 .01508 .01464 .01421 .01381

 

 33   .01971 .01905 .01843 .01784 .01728 .01674 .01624 .01576 .01531 .01487

 

 34   .02119 .02049 .01982 .01919 .01859 .01802 .01748 .01697 .01648 .01602

 

 35   .02280 .02204 .02133 .02065 .02001 .01940 .01883 .01828 .01775 .01726

 

 36   .02452 .02372 .02296 .02224 .02155 .02090 .02028 .01969 .01913 .01860

 

 37   .02638 .02553 .02471 .02394 .02321 .02252 .02185 .02123 .02063 .02006

 

 38   .02839 .02748 .02661 .02579 .02501 .02427 .02356 .02289 .02225 .02164

 

 39   .03055 .02957 .02865 .02777 .02694 .02615 .02539 .02467 .02399 .02333

 

 40   .03285 .03181 .03083 .02990 .02901 .02816 .02735 .02658 .02585 .02515

 

 41   .03531 .03421 .03316 .03217 .03122 .03032 .02946 .02863 .02785 .02710

 

 42   .03793 .03676 .03565 .03459 .03358 .03262 .03170 .03082 .02999 .02919

 

 43   .04076 .03952 .03833 .03721 .03613 .03510 .03413 .03319 .03230 .03144

 

 44   .04378 .04246 .04120 .04000 .03886 .03777 .03672 .03573 .03477 .03386

 

 45   .04701 .04561 .04427 .04299 .04178 .04062 .03950 .03844 .03743 .03645

 

 46   .05047 .04898 .04757 .04621 .04492 .04368 .04250 .04137 .04029 .03925

 

 47   .05416 .05258 .05108 .04964 .04827 .04696 .04570 .04449 .04334 .04224

 

 48   .05810 .05644 .05484 .05332 .05186 .05047 .04913 .04785 .04662 .04545

 

 49   .06233 .06057 .05888 .05727 .05572 .05424 .05282 .05146 .05016 .04890

 

 50   .06690 .06503 .06325 .06154 .05990 .05833 .05683 .05538 .05399 .05266

 

 51   .07181 .06984 .06796 .06615 .06442 .06275 .06116 .05962 .05815 .05673

 

 52   .07712 .07504 .07305 .07114 .06931 .06755 .06585 .06423 .06267 .06116

 

 53   .08282 .08063 .07853 .07652 .07458 .07272 .07093 .06921 .06756 .06596

 

 54   .08893 .08663 .08442 .08229 .08025 .07829 .07640 .07458 .07283 .07114

 

 55   .09544 .09302 .09070 .08846 .08631 .08424 .08224 .08032 .07847 .07669

 

 56   .10230 .09976 .09732 .09497 .09270 .09052 .08842 .08639 .08444 .08256

 

 57   .10952 .10686 .10430 .10183 .09945 .09716 .09495 .09281 .09075 .08877

 

 58   .11709 .11431 .11162 .10904 .10654 .10413 .10181 .09956 .09739 .09530

 

 59   .12506 .12215 .11934 .11663 .11402 .11149 .10905 .10669 .10441 .10221

 

 60   .13349 .13045 .12751 .12468 .12194 .11929 .11674 .11426 .11187 .10955

 

 61   .14236 .13919 .13613 .13317 .13031 .12754 .12486 .12227 .11976 .11733

 

 62   .15166 .14836 .14517 .14208 .13909 .13620 .13340 .13069 .12806 .12551

 

 63   .16138 .15795 .15463 .15141 .14830 .14528 .14235 .13952 .13677 .13410

 

 64   .17155 .16799 .16453 .16119 .15794 .15480 .15175 .14879 .14592 .14313

 

 65   .18220 .17850 .17492 .17144 .16806 .16479 .16161 .15853 .15553 .15262

 

 66   .19358 .18975 .18604 .18243 .17893 .17552 .17222 .16901 .16589 .16285

 

 67   .20568 .20173 .19788 .19415 .19052 .18699 .18356 .18022 .17698 .17382

 

 68   .21847 .21439 .21042 .20656 .20280 .19915 .19560 .19213 .18877 .18549

 

 69   .23191 .22771 .22362 .21964 .21577 .21199 .20831 .20473 .20124 .19784

 

 70   .24601 .24169 .23748 .23339 .22939 .22550 .22171 .21801 .21440 .21088

 

 71   .26080 .25638 .25206 .24785 .24375 .23974 .23584 .23202 .22830 .22467

 

 72   .27630 .27178 .26736 .26305 .25884 .25473 .25071 .24679 .24296 .23922

 

 73   .29244 .28782 .28331 .27890 .27460 .27039 .26628 .26226 .25833 .25449

 

 74   .30914 .30444 .29984 .29535 .29096 .28666 .28245 .27834 .27432 .27038

 

 75   .32630 .32153 .31686 .31229 .30782 .30344 .29915 .29496 .29085 .28682

 

 76   .34389 .33905 .33432 .32968 .32514 .32069 .31633 .31205 .30787 .30376

 

 77   .36187 .35698 .35220 .34750 .34290 .33839 .33396 .32963 .32537 .32120

 

 78   .38022 .37530 .37047 .36573 .36108 .35652 .35204 .34765 .34333 .33910

 

 79   .39891 .39396 .38910 .38433 .37965 .37504 .37053 .36609 .36173 .35744

 

 80   .41786 .41290 .40802 .40323 .39852 .39389 .38934 .38486 .38047 .37615

 

 81   .43703 .43207 .42719 .42238 .41766 .41302 .40845 .40395 .39953 .39518

 

 82   .45638 .45143 .44655 .44175 .43703 .43238 .42781 .42330 .41887 .41450

 

 83   .47583 .47090 .46604 .46126 .45655 .45191 .44734 .44284 .43840 .43403

 

 84   .49532 .49043 .48561 .48085 .47617 .47155 .46700 .46251 .45808 .45372

 

 85   .51480 .50996 .50518 .50047 .49582 .49124 .48671 .48225 .47785 .47351

 

 86   .53421 .52943 .52470 .52004 .51544 .51090 .50642 .50200 .49763 .49332

 

 87   .55346 .54875 .54409 .53950 .53496 .53047 .52604 .52167 .51734 .51307

 

 88   .57254 .56791 .56333 .55881 .55434 .54992 .54555 .54124 .53697 .53275

 

 89   .59134 .58680 .58231 .57788 .57349 .56914 .56485 .56060 .55640 .55225

 

 90   .60982 .60538 .60099 .59665 .59234 .58809 .58388 .57971 .57558 .57150

 

 91   .62794 .62361 .61932 .61508 .61087 .60671 .60259 .59851 .59447 .59046

 

 92   .64564 .64142 .63725 .63311 .62901 .62495 .62093 .61694 .61299 .60907

 

 93   .66284 .65874 .65468 .65066 .64667 .64272 .63880 .63491 .63106 .62724

 

 94   .67955 .67558 .67164 .66773 .66386 .66002 .65621 .65243 .64868 .64496

 

 95   .69574 .69190 .68809 .68431 .68055 .67683 .67313 .66946 .66582 .66221

 

 96   .71131 .70760 .70391 .70025 .69662 .69302 .68944 .68588 .68235 .67885

 

 97   .72626 .72268 .71913 .71560 .71209 .70861 .70515 .70171 .69829 .69490

 

 98   .74063 .73718 .73376 .73035 .72697 .72361 .72027 .71695 .71365 .71037

 

 99   .75442 .75111 .74781 .74454 .74128 .73804 .73483 .73163 .72844 .72528

 

 100   .76744 .76426 .76109 .75794 .75481 .75169 .74860 .74551 .74245 .73940

 

 101   .78001 .77695 .77392 .77089 .76788 .76489 .76191 .75895 .75600 .75306

 

 102   .79172 .78879 .78587 .78297 .78008 .77720 .77434 .77149 .76865 .76582

 

 103   .80354 .80074 .79795 .79517 .79240 .78965 .78690 .78417 .78145 .77874

 

 104   .81442 .81174 .80906 .80640 .80374 .80110 .79847 .79584 .79323 .79063

 

 105   .82511 .82254 .81998 .81742 .81488 .81234 .80982 .80730 .80479 .80229

 

 106   .83887 .83646 .83405 .83165 .82926 .82687 .82449 .82212 .81975 .81739

 

 107   .85466 .85243 .85020 .84798 .84576 .84355 .84134 .83914 .83694 .83474

 

 108   .88172 .87984 .87797 .87610 .87423 .87236 .87049 .86862 .86676 .86490

 

 109   .93900 .93800 .93700 .93600 .93500 .93400 .93300 .93200 .93100 .93000

 

 

(f) Effective/applicability date. This section applies on or after May 1, 2009.

(g) Expiration date. This section expires on or before May 1, 2012.

Par. 11. The undesignated center heading immediately preceding § 1.664-4A is revised to read as follows:

 Unitrust Actuarial Tables Applicable Before May 1, 2009

 

 

Par. 12. Section 1.664-4A is amended as follows:

1. The section heading is revised.

2. The heading of newly-designated paragraph (f) is revised.

3. Newly-designated paragraphs (f)(1) and (f)(2) are revised.

4. New paragraphs (f)(3) and (f)(4) are added.

5. Newly-designated paragraph (f)(5) is revised.

6. In newly-designated paragraph (f)(6), the heading and the first paragraph are revised.

7. The heading of Table U(1) is revised.

8. Paragraph (f)(7) is added.

The additions and revisions read as follows:

§ 1.664-4A Valuation of charitable remainder interests for which the valuation date is before May 1, 2009.

* * * * *

(f) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009 -- (1) In general. Except as otherwise provided in paragraph (f)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a remainder interest is determined under paragraphs (f)(3) through (f)(6) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under § 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, § 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).

(2) Transitional rules for valuation of charitable remainder unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died after April 30, 1999, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency after April 30, 1999, the present value of a remainder interest under this section is determined as if the valuation date with respect to the decedent's gross estate is either before May 1, 1999, or after April 30, 1999, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is after April 30, 1999, and before July 1, 1999, the present value of a remainder interest based on one 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)(6) or (f)(6) of this section, at the option of the donor or the decedent's executor, as the case may be. (iii) For purposes of paragraphs (f)(2)(i) and (f)(2)(ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(6) or (f)(6) of this section, 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) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the adjusted payout rate is determined by using the appropriate Table F, contained in § 1.664-4(e)(6), for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see § 1.664-4(e)(6). If the interest rate is below 4.2 percent or greater than 14 percent, see § 1.664-4(b). See § 1.664-4(e) for rules applicable in determining the adjusted payout rate.

(4) Period is a term of years. If the period described in § 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, is the factor under the appropriate adjusted payout rate in Table D in § 1.664-4(e)(6) corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. Generally, for purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor, and, in the case of a testamentary transfer under sections 2055, 2106, or 2624, the valuation date is the date of death. See § 1.664-4(e)(4) for additional rules regarding the valuation date. See § 1.664-4(e)(4) for an example that illustrates the application of this paragraph (f)(4).

(5) Period is the life of one individual. If the period described in § 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, is the factor in Table U(1) in paragraph (f)(6) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph (f)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The rules provided in § 1.664-4T(e)(5) apply for determining the present value of the remainder interest. See § 1.664-4T(e)(5) for an example illustrating the application of this paragraph (f)(5) (using current actuarial tables).

(6) Actuarial Table U(1) for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009. For transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a charitable remainder unitrust interest that is dependent on the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (f)(6), and Tables F(4.2) through F(14.0) in § 1.664-4(e)(6). See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (7-1999). Publication 1458 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained by a written request to: CC:PA:LPD:PR (IRS Publication 1458), Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044.

 TABLE U(1). -- BASED ON LIFE TABLE 90CM UNITRUST SINGLE LIFE

 

 REMAINDER FACTORS

 

 [Applicable After April 30, 1999, and Before May 1, 2009]

 

 

* * * * *

(7) Effective/applicability dates. Paragraphs (f)(1) through (f)(6) apply after April 30, 1999, and before May 1, 2009.

Par. 13. Section 1.7520-1 is amended by:

1. Revising the section heading.

2. Revising paragraphs (a)(1) and (a)(2).

3. Removing the last two sentences of paragraph (b)(2) and adding a new sentence at the end of the paragraph.

4. Revising paragraph (c)(1).

5. Revising the heading and introductory text of paragraph (c)(2).

6. Revising paragraph (d).

The revisions and additions read as follows:

§ 1.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests prior to May 1, 2009.

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 1.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of certain transactions after April 30, 1989, subject to income tax, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. For periods prior to May 1, 2009, see § 20.2031-7A for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a transfer to a pooled income fund prior to May 1, 2009, see § 1.642(c)-6A with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) * * * For transactions with valuation dates after April 30, 1989, and before May 1, 2009, the mortality component tables are contained in § 20.2031-7A.

(c) * * *

(1) [Reserved]. For further guidance, see § 1.7520-1T(c)(1).

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 22 percent for valuation dates after April 30, 1999, and before May 1, 2009. The following publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office; however, they may be obtained from CC:PA:LPD:PR, Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(d) Effective/applicability dates. This section applies after April 30, 1989, and before May 1, 2009.

Par. 14. Section 1.7520-1T is added to read as follows:

§ 1.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests on or after May 1, 2009 (temporary).

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 1.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of certain transactions after April 30, 1989, subject to income tax, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. See § 20.2031-7T(d) (and, for certain prior periods, § 20.2031-7A) for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a transfer to a pooled income fund on or after May 1, 2009, see § 1.642(c)-6T(e) (or, for certain prior periods, § 1.642(c)-6A) with respect to the valuation of the remainder interest.

(3) [Reserved]. For further guidance, see § 1.7520-1(a)(3).

(b)(1) [Reserved]. For further guidance, see § 1.7520-1(b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For transactions with valuation dates on or after May 1, 2009, the mortality component table (Table 2000CM) is contained in § 20.2031-7T(d)(7). See § 20.2031-7A for mortality component tables applicable to transactions for which the valuation date falls before May 1, 2009.

(c) [Reserved]. For further guidance, see § 1.7520-1(c).

(1) Regulation sections containing tables with interest rates between 0.2 and 14 percent for valuation dates on or after May 1, 2009. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in § 1.642(c)-5. See § 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 2009. 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 1.664-4T(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, 2009. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) contains Table S (single life remainder factors), and Table 2000CM (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 for one life and mortality components applicable to valuation dates before May 1, 2009.

(2) Internal Revenue Service publications containing tables with interest rates between 0.2 and 22 percent for valuation dates on or after May 1, 2009. The following documents are available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov:

(i) Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in § 1.664-2 and a pooled income fund as defined in § 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in § 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication includes tables for computing depreciation adjustment factors. See § 1.170A-12T.

(d) Effective/applicability date. This section applies on or after May 1, 2009.

(e) Expiration date. This section expires on or before May 1, 2012.

PART 20 -- ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954

Par. 15. The authority citation for part 20 is amended by adding entries in numerical order to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

 Section 20.2031-7T also issued under 26 U.S.C. 7520(c)(2).

 Section 20.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 16. Section 20.2031-0 is revised to read as follows:

§ 20.2031-0 Table of contents.

This section lists the section headings and undesignated center headings that appear in the regulations under section 2031.

§ 20.2031-1 Definition of gross estate; valuation of property.

§ 20.2031-2 Valuation of stocks and bonds.

§ 20.2031-3 Valuation of interests in businesses.

§ 20.2031-4 Valuation of notes.

§ 20.2031-5 Valuation of cash on hand or on deposit.

§ 20.2031-6 Valuation of household and personal effects.

§ 20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or reversionary interests.

§ 20.2031-7T Valuation of annuities, interests for life or term of years, and remainder or reversionary interests (temporary).

§ 20.2031-8 Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.

§ 20.2031-9 Valuation of other property.

Actuarial Tables Applicable Before May 1, 2009.

§ 20.2031-7A Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 2009.

Par. 17. Section 20.2031-7 is amended as follows:

1. Revising paragraphs (c), (d)(1), (d)(2), (d)(3), (d)(4), (d)(5), and (e).

2. Redesignating paragraph (d)(7) as paragraph (f)(4) of § 20.2031-7A.

3. Adding new paragraph (d)(7).

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) through (d)(5) [Reserved]. For further guidance, see § 20.2031-7T(c) through (d)(5).

* * * * *

(7) [Reserved]. For further guidance, see § 20.2031-7T(d)(7).

(e) Effective/applicability dates. This section applies after April 30, 1999, and before May 1, 2009.

Par. 18. Section 20.2031-7T is added to read as follows:

§ 20.2031-7T Valuation of annuities, interests for life or term of years, and remainder or reversionary interests (temporary).

(a) through (b) [Reserved]. For further information see § 20.2031-7(a) through (b).

(c) Actuarial valuations. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is on or after May 1, 2009, 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, 2009, is determined under the following sections:

  Valuation Date

 

      Applicable

 

 After        Before                Regulations

 

 --           01-01-52              20.2031-7A(a)

 

 12-31-51     01-01-71              20.2031-7A(b)

 

 12-31-70     12-01-83              20.2031-7A(c)

 

 11-30-83     05-01-89              20.2031-7A(d)

 

 04-30-89     05-01-99              20.2031-7A(e)

 

 04-30-99     05-01-09              20.2031-7A(f)

 

 

(d) Actuarial valuations on or after May 1, 2009 -- (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 on or after May 1, 2009, 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, is its value determined under § 1.642(c)-6T(e). The fair market value of a remainder interest in a charitable remainder annuity trust, as defined in § 1.664-2(a), is the present value determined under § 1.664-2(c). The fair market value of a remainder interest in a charitable remainder unitrust, as defined in § 1.664-3, is its present value determined under § 1.664-4T(e). The fair market value of a life interest or term of years in a charitable remainder unitrust is the fair market value of the property as of the date of valuation less the fair market value of the remainder interest on that date determined under § 1.664-4T(e)(4) and (5).

(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in § 20.2031-7(d)(6) and Table S (for one measuring life when the valuation date is on or after May 1, 2009) is contained in paragraph (d)(7) of this section and in Internal Revenue Service Publication 1457. See § 20.2031-7A containing Table S for valuation of interests before May 1, 2009. 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 non-income-producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for a remainder interest after a term of years in Table B and after the life of one individual in Table S (for one measuring life when the valuation date is on or after May 1, 2009). However, term-of-years and life interest actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate and the term of years or the life) in Table B (for a term of years) in § 20.2031-7(d)(6) or in Table S (for the life of one individual) in paragraph (d)(7) of this section, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Publication 1457 includes actuarial factors for a remainder interest in Table B (after an annuity payable for a term of years) and in Table S (after an annuity payable for the life of one individual when the valuation date is on or after May 1, 2009). However, annuity actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, a required annuity factor for a term of years or for one life may be mathematically derived. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in § 20.2031-7(d)(6) or in Table S (in the case of a one-life annuity when the valuation date is on or after May 1, 2009) in paragraph (d)(7) of this section, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor as contained in Table K in § 20.2031-7(d)(6) for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

Example. At the time of the decedent's death, the survivor/annuitant, age 72, is entitled to receive an annuity of $15,000 a year for life payable in equal monthly installments at the end of each period. The section 7520 rate for the month in which the decedent died is 5.6 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 5.6 percent for an individual aged 72 is .53243. By converting the remainder factor to an annuity factor, as described above, the annuity factor at 5.6 percent for an individual aged 72 is 8.3495 (1.00000 minus .53243, divided by .056). Under Table K in § 20.2031-7(d)(6), the adjustment factor under the column for payments made at the end of each monthly period at the rate of 5.6 percent is 1.0254. The aggregate annual amount, $15,000, is multiplied by the factor 8.3495 and the product multiplied by 1.0254. The present value of the annuity at the date of the decedent's death is, therefore, $128,423.66 ($15,000 x 8.3495 x 1.0254).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in § 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in this paragraph (d)(2)(iv).

(v) Annuity and unitrust interests for a term of years or until the prior death of an individual. See § 25.2512-5T(d)(2)(v) 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 on or after May 1, 2009, and if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For examples, see § 20.2031-7A(d).

(ii) If a decedent dies on or after May 1, 2009, and before July 1, 2009, the fair market value of annuities, life estates, remainders, and reversions based on one or more measuring lives included in the gross estate of the decedent is their present value determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 20.7520-1(b) and 20.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(7) of this section or § 20.2031-7A(f)(4), at the option of the decedent's executor.

(iii) For purposes of paragraphs (d)(3)(i) and (d)(3)(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(f)(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 § 20.2031-7(d)(6) or in paragraph (d)(7) of this section are included in Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. This publication will be available beginning May 1, 2009, at no charge, electronically via the Internal Revenue Service Internet site at www.irs.gov. 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)) 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 and 5 months old. In the month in which the decedent died, the section 7520 rate was 6.2 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 6.2 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 .18672. The present value of the remainder interest at the date of the decedent's death is, therefore, $9,336.00 ($50,000 X .18672).

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 and 10 months old. The section 7520 rate at the time of the parent's death was 6.2 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 6.2 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 .08697. 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 .91303. The present value of A's interest at the time of the parent's death is, therefore, $45,651.50 ($50,000 X .91303).

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 per 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 and 7 months old. Also, at A's death, the section 7520 rate was 4.8 percent. Under Table S in paragraph (d)(7) of this section, the factor at 4.8 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 .24774. 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 15.6721 (1.00000 minus .24774, divided by .048). The adjustment factor from Table K in § 20.2031-7(d)(6) at an interest rate of 4.8 percent for semiannual annuity payments made at the end of the period is 1.0119. The present value of the annuity at the date of A's death is, therefore, $158,585.98 ($10,000 X 15.6721 X 1.0119).

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 per year payable in equal quarterly installments at the end of each quarter throughout a term certain. At the time of the decedent's death, the section 7520 rate was 9.8 percent. A quarterly payment had just been made prior to the decedent's death and payments were to continue for 5 more years. Under Table B in § 20.2031-7(d)(6) for the interest rate of 9.8 percent, the factor for the present value of a remainder interest due after a term of 5 years is .626597. Converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity for a term of 5 years is 3.8102 (1.00000 minus .626597, divided by .098). The adjustment factor from Table K in § 20.2031-7(d)(6) at an interest rate of 9.8 percent for quarterly annuity payments made at the end of the period is 1.0360. The present value of the annuity is, therefore, $39,473.67 ($10,000 X 3.8102 X 1.0360).

(6) [Reserved]. For further guidance, see § 20.2031-7(d)(6).

(7) Actuarial Table S and Table 2000CM where the valuation date is on or after May 1, 2009. 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 2000CM and Table S (single life remainder factors applicable where the valuation date is on or after May 1, 2009) contained in this paragraph (d)(7) and Table J and Table K contained in § 20.2031-7(d)(6), must be used in the application of the provisions of this section when the section 7520 interest rate component is between 0.2 and 14 percent.

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     0.2%   0.4%   0.6%   0.8%   1.0%   1.2%   1.4%   1.6%   1.8%   2.0%

 

 ---------------------------------------------------------------------------

 

 0   .85816 .73751 .63478 .54723 .47252 .40872 .35416 .30747 .26745 .23313

 

 1   .85889 .73863 .63604 .54844 .47355 .40948 .35459 .30752 .26711 .23239

 

 2   .86054 .74145 .63968 .55260 .47802 .41409 .35922 .31209 .27155 .23664

 

 3   .86221 .74433 .64339 .55687 .48263 .41887 .36404 .31685 .27619 .24112

 

 4   .86390 .74725 .64716 .56121 .48733 .42374 .36898 .32175 .28098 .24575

 

 5   .86560 .75018 .65097 .56561 .49209 .42871 .37401 .32675 .28588 .25050

 

 6   .86731 .75314 .65482 .57006 .49692 .43375 .37913 .33186 .29090 .25538

 

 7   .86902 .75611 .65868 .57454 .50180 .43885 .38432 .33704 .29601 .26035

 

 8   .87073 .75909 .66258 .57907 .50674 .44403 .38960 .34233 .30122 .26544

 

 9   .87246 .76209 .66651 .58364 .51173 .44928 .39497 .34771 .30654 .27064

 

 10   .87419 .76511 .67046 .58826 .51679 .45459 .40042 .35319 .31197 .27596

 

 11   .87592 .76814 .67445 .59291 .52190 .45998 .40596 .35876 .31750 .28139

 

 12   .87766 .77119 .67845 .59761 .52706 .46544 .41157 .36443 .32313 .28693

 

 13   .87939 .77424 .68247 .60232 .53225 .47094 .41723 .37015 .32884 .29255

 

 14   .88112 .77728 .68649 .60704 .53746 .47646 .42293 .37592 .33460 .29823

 

 15   .88284 .78031 .69050 .61176 .54267 .48199 .42865 .38172 .34038 .30394

 

 16   .88455 .78333 .69449 .61647 .54788 .48752 .43437 .38752 .34619 .30968

 

 17   .88625 .78633 .69848 .62117 .55309 .49307 .44012 .39336 .35203 .31546

 

 18   .88795 .78933 .70246 .62588 .55830 .49863 .44589 .39923 .35791 .32129

 

 19   .88964 .79232 .70644 .63059 .56354 .50422 .45170 .40514 .36385 .32719

 

 20   .89132 .79532 .71044 .63534 .56882 .50987 .45757 .41114 .36987 .33317

 

 21   .89301 .79832 .71445 .64010 .57413 .51555 .46350 .41719 .37597 .33925

 

 22   .89470 .80133 .71847 .64488 .57947 .52129 .46948 .42332 .38216 .34541

 

 23   .89639 .80434 .72251 .64970 .58486 .52708 .47554 .42954 .38844 .35168

 

 24   .89808 .80737 .72658 .65456 .59031 .53295 .48169 .43586 .39484 .35809

 

 25   .89978 .81042 .73068 .65947 .59583 .53890 .48795 .44230 .40137 .36464

 

 26   .90149 .81349 .73482 .66443 .60141 .54494 .49430 .44886 .40804 .37134

 

 27   .90320 .81657 .73899 .66944 .60707 .55107 .50076 .45554 .41484 .37819

 

 28   .90492 .81968 .74319 .67450 .61278 .55728 .50733 .46233 .42178 .38520

 

 29   .90665 .82279 .74741 .67960 .61856 .56356 .51398 .46924 .42884 .39233

 

 30   .90837 .82591 .75165 .68473 .62438 .56990 .52070 .47623 .43601 .39959

 

 31   .91010 .82904 .75592 .68989 .63024 .57631 .52751 .48333 .44329 .40698

 

 32   .91182 .83218 .76020 .69509 .63616 .58278 .53440 .49052 .45068 .41449

 

 33   .91355 .83532 .76449 .70031 .64212 .58931 .54137 .49780 .45818 .42213

 

 34   .91527 .83847 .76880 .70556 .64811 .59589 .54839 .50516 .46578 .42988

 

 35   .91700 .84162 .77312 .71082 .65414 .60253 .55549 .51261 .47347 .43774

 

 36   .91872 .84477 .77744 .71611 .66021 .60921 .56266 .52014 .48127 .44572

 

 37   .92043 .84792 .78178 .72142 .66631 .61594 .56989 .52774 .48916 .45381

 

 38   .92215 .85107 .78613 .72675 .67244 .62272 .57718 .53544 .49715 .46201

 

 39   .92386 .85422 .79048 .73210 .67860 .62955 .58453 .54320 .50523 .47032

 

 40   .92557 .85736 .79483 .73746 .68479 .63641 .59194 .55104 .51340 .47873

 

 41   .92727 .86050 .79918 .74283 .69100 .64331 .59940 .55894 .52165 .48724

 

 42   .92896 .86364 .80354 .74820 .69723 .65024 .60690 .56691 .52998 .49585

 

 43   .93065 .86677 .80789 .75359 .70348 .65721 .61447 .57495 .53840 .50457

 

 44   .93234 .86990 .81225 .75899 .70976 .66422 .62208 .58305 .54690 .51338

 

 45   .93402 .87302 .81660 .76439 .71605 .67125 .62973 .59122 .55547 .52228

 

 46   .93569 .87613 .82095 .76980 .72236 .67832 .63743 .59945 .56413 .53129

 

 47   .93735 .87924 .82530 .77521 .72867 .68541 .64517 .60773 .57286 .54037

 

 48   .93901 .88233 .82964 .78062 .73501 .69253 .65295 .61606 .58166 .54955

 

 49   .94065 .88541 .83397 .78604 .74135 .69967 .66077 .62446 .59053 .55882

 

 50   .94229 .88849 .83830 .79145 .74771 .70684 .66864 .63292 .59949 .56819

 

 51   .94393 .89156 .84263 .79688 .75409 .71404 .67655 .64143 .60852 .57766

 

 52   .94556 .89462 .84695 .80230 .76048 .72127 .68450 .65001 .61763 .58722

 

 53   .94717 .89767 .85126 .80772 .76687 .72852 .69249 .65863 .62680 .59687

 

 54   .94878 .90070 .85555 .81313 .77326 .73577 .70050 .66730 .63603 .60658

 

 55   .95037 .90371 .85983 .81853 .77964 .74302 .70851 .67598 .64530 .61635

 

 56   .95195 .90670 .86406 .82388 .78599 .75024 .71651 .68465 .65457 .62613

 

 57   .95351 .90965 .86827 .82920 .79230 .75744 .72448 .69332 .66384 .63593

 

 58   .95505 .91257 .87243 .83447 .79857 .76459 .73242 .70195 .67309 .64573

 

 59   .95657 .91546 .87655 .83970 .80479 .77170 .74033 .71057 .68233 .65553

 

 60   .95807 .91832 .88064 .84490 .81098 .77879 .74822 .71918 .69158 .66534

 

 61   .95955 .92115 .88469 .85005 .81713 .78584 .75608 .72776 .70081 .67515

 

 62   .96101 .92395 .88869 .85515 .82323 .79283 .76388 .73630 .71001 .68494

 

 63   .96245 .92670 .89265 .86020 .82926 .79977 .77164 .74479 .71917 .69470

 

 64   .96387 .92942 .89655 .86518 .83524 .80665 .77933 .75323 .72828 .70443

 

 65   .96527 .93210 .90040 .87011 .84116 .81346 .78697 .76162 .73735 .71411

 

 66   .96665 .93476 .90423 .87502 .84706 .82027 .79461 .77002 .74645 .72385

 

 67   .96802 .93739 .90803 .87990 .85292 .82705 .80223 .77841 .75554 .73359

 

 68   .96937 .93999 .91179 .88472 .85874 .83378 .80980 .78676 .76461 .74331

 

 69   .97070 .94255 .91549 .88949 .86449 .84044 .81731 .79504 .77362 .75299

 

 70   .97200 .94506 .91914 .89419 .87016 .84702 .82473 .80326 .78256 .76260

 

 71   .97328 .94754 .92273 .89882 .87577 .85353 .83209 .81140 .79143 .77215

 

 72   .97453 .94997 .92626 .90338 .88129 .85996 .83935 .81945 .80021 .78162

 

 73   .97576 .95234 .92972 .90785 .88671 .86627 .84651 .82739 .80888 .79098

 

 74   .97695 .95466 .93310 .91223 .89202 .87247 .85353 .83518 .81741 .80019

 

 75   .97811 .95692 .93638 .91649 .89720 .87851 .86039 .84281 .82577 .80923

 

 76   .97924 .95910 .93957 .92063 .90224 .88440 .86708 .85026 .83393 .81807

 

 77   .98033 .96122 .94267 .92465 .90715 .89013 .87360 .85753 .84191 .82671

 

 78   .98138 .96327 .94567 .92855 .91190 .89571 .87995 .86461 .84968 .83515

 

 79   .98239 .96526 .94857 .93233 .91652 .90112 .88611 .87149 .85725 .84337

 

 80   .98337 .96717 .95138 .93598 .92098 .90635 .89208 .87817 .86460 .85135

 

 81   .98431 .96901 .95408 .93951 .92529 .91141 .89786 .88463 .87172 .85910

 

 82   .98521 .97077 .95667 .94290 .92944 .91629 .90344 .89088 .87861 .86660

 

 83   .98608 .97247 .95917 .94616 .93343 .92099 .90882 .89691 .88526 .87385

 

 84   .98691 .97409 .96156 .94928 .93727 .92551 .91399 .90271 .89166 .88084

 

 85   .98770 .97565 .96384 .95228 .94094 .92984 .91895 .90828 .89782 .88757

 

 86   .98845 .97713 .96602 .95514 .94446 .93398 .92371 .91362 .90373 .89402

 

 87   .98917 .97854 .96810 .95786 .94781 .93794 .92825 .91873 .90939 .90021

 

 88   .98985 .97988 .97008 .96046 .95100 .94171 .93258 .92361 .91479 .90612

 

 89   .99049 .98115 .97196 .96292 .95404 .94530 .93671 .92826 .91994 .91176

 

 90   .99110 .98235 .97373 .96526 .95691 .94871 .94062 .93267 .92484 .91713

 

 91   .99168 .98348 .97541 .96747 .95964 .95193 .94434 .93686 .92949 .92223

 

 92   .99222 .98455 .97700 .96955 .96222 .95498 .94785 .94083 .93390 .92707

 

 93   .99273 .98556 .97849 .97152 .96464 .95786 .95117 .94457 .93806 .93163

 

 94   .99321 .98651 .97989 .97337 .96692 .96057 .95429 .94810 .94199 .93595

 

 95   .99366 .98739 .98121 .97510 .96907 .96312 .95724 .95143 .94569 .94002

 

 96   .99408 .98822 .98244 .97673 .97108 .96551 .95999 .95454 .94916 .94384

 

 97   .99447 .98900 .98359 .97825 .97297 .96774 .96258 .95747 .95242 .94742

 

 98   .99483 .98973 .98467 .97967 .97473 .96984 .96500 .96021 .95547 .95078

 

 99   .99518 .99040 .98568 .98101 .97638 .97180 .96727 .96278 .95834 .95394

 

 100   .99549 .99103 .98661 .98224 .97791 .97362 .96937 .96516 .96100 .95687

 

 101   .99579 .99162 .98750 .98340 .97935 .97534 .97136 .96742 .96351 .95964

 

 102   .99607 .99217 .98831 .98448 .98068 .97692 .97319 .96950 .96583 .96220

 

 103   .99634 .99271 .98911 .98553 .98199 .97848 .97500 .97155 .96812 .96473

 

 104   .99659 .99320 .98984 .98651 .98320 .97992 .97666 .97344 .97023 .96705

 

 105   .99683 .99369 .99056 .98747 .98439 .98134 .97830 .97530 .97231 .96934

 

 106   .99713 .99429 .99146 .98865 .98586 .98309 .98033 .97760 .97488 .97218

 

 107   .99747 .99496 .99246 .98998 .98751 .98506 .98262 .98020 .97779 .97539

 

 108   .99800 .99602 .99404 .99208 .99012 .98818 .98624 .98431 .98240 .98049

 

 109   .99900 .99801 .99702 .99603 .99505 .99407 .99310 .99213 .99116 .99020

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     2.2%   2.4%   2.6%   2.8%   3.0%   3.2%   3.4%   3.6%   3.8%   4.0%

 

 ---------------------------------------------------------------------------

 

 0   .20365 .17830 .15648 .13767 .12144 .10741 .09528 .08476 .07564 .06772

 

 1   .20251 .17677 .15458 .13542 .11885 .10451 .09209 .08131 .07194 .06379

 

 2   .20656 .18060 .15817 .13877 .12197 .10740 .09476 .08376 .07420 .06586

 

 3   .21084 .18466 .16200 .14236 .12533 .11054 .09767 .08647 .07670 .06817

 

 4   .21527 .18888 .16600 .14613 .12887 .11385 .10076 .08935 .07938 .07066

 

 5   .21984 .19324 .17013 .15004 .13255 .11730 .10399 .09237 .08220 .07329

 

 6   .22454 .19773 .17440 .15408 .13636 .12089 .10736 .09553 .08515 .07605

 

 7   .22933 .20233 .17879 .15824 .14030 .12460 .11085 .09880 .08822 .07892

 

 8   .23425 .20705 .18330 .16254 .14436 .12844 .11447 .10221 .09142 .08193

 

 9   .23930 .21191 .18795 .16697 .14857 .13243 .11824 .10576 .09476 .08507

 

 10   .24446 .21689 .19273 .17153 .15292 .13655 .12214 .10945 .09824 .08835

 

 11   .24975 .22200 .19764 .17623 .15740 .14081 .12619 .11328 .10187 .09177

 

 12   .25515 .22724 .20268 .18107 .16202 .14521 .13037 .11724 .10563 .09533

 

 13   .26064 .23256 .20782 .18600 .16674 .14972 .13466 .12132 .10949 .09900

 

 14   .26620 .23796 .21303 .19101 .17154 .15430 .13903 .12547 .11344 .10273

 

 15   .27179 .24340 .21829 .19607 .17639 .15894 .14344 .12968 .11743 .10652

 

 16   .27742 .24887 .22358 .20117 .18128 .16361 .14790 .13391 .12145 .11034

 

 17   .28309 .25439 .22893 .20632 .18622 .16834 .15241 .13821 .12554 .11421

 

 18   .28881 .25997 .23434 .21154 .19123 .17314 .15699 .14258 .12969 .11815

 

 19   .29461 .26563 .23983 .21684 .19633 .17803 .16167 .14703 .13393 .12218

 

 20   .30050 .27139 .24543 .22226 .20156 .18304 .16646 .15161 .13829 .12633

 

 21   .30649 .27726 .25114 .22779 .20689 .18817 .17138 .15631 .14277 .13060

 

 22   .31259 .28323 .25697 .23344 .21235 .19342 .17642 .16114 .14739 .13500

 

 23   .31879 .28934 .26293 .23923 .21795 .19882 .18161 .16612 .15215 .13955

 

 24   .32515 .29559 .26904 .24519 .22372 .20440 .18699 .17128 .15710 .14429

 

 25   .33166 .30201 .27534 .25133 .22969 .21018 .19256 .17665 .16226 .14924

 

 26   .33833 .30861 .28182 .25767 .23586 .21616 .19835 .18224 .16764 .15440

 

 27   .34517 .31538 .28849 .26420 .24224 .22236 .20436 .18804 .17324 .15980

 

 28   .35217 .32233 .29535 .27093 .24882 .22877 .21058 .19407 .17907 .16542

 

 29   .35932 .32944 .30237 .27784 .25558 .23537 .21701 .20031 .18511 .17126

 

 30   .36661 .33670 .30956 .28492 .26253 .24216 .22362 .20674 .19135 .17730

 

 31   .37403 .34411 .31691 .29217 .26965 .24914 .23044 .21338 .19779 .18355

 

 32   .38160 .35167 .32442 .29960 .27697 .25631 .23745 .22022 .20445 .19002

 

 33   .38930 .35939 .33211 .30721 .28447 .26368 .24467 .22727 .21133 .19671

 

 34   .39713 .36724 .33993 .31497 .29213 .27123 .25207 .23451 .21839 .20360

 

 35   .40509 .37523 .34792 .32290 .29998 .27896 .25967 .24195 .22567 .21070

 

 36   .41318 .38337 .35606 .33100 .30800 .28688 .26746 .24961 .23317 .21803

 

 37   .42139 .39165 .36435 .33927 .31621 .29499 .27546 .25746 .24087 .22557

 

 38   .42974 .40008 .37281 .34771 .32460 .30330 .28366 .26554 .24880 .23334

 

 39   .43821 .40864 .38141 .35631 .33316 .31179 .29205 .27381 .25694 .24133

 

 40   .44679 .41734 .39016 .36507 .34189 .32046 .30064 .28229 .26529 .24954

 

 41   .45549 .42616 .39906 .37399 .35080 .32932 .30942 .29097 .27386 .25797

 

 42   .46430 .43511 .40809 .38307 .35987 .33836 .31840 .29986 .28264 .26662

 

 43   .47324 .44421 .41729 .39232 .36913 .34760 .32758 .30897 .29165 .27552

 

 44   .48229 .45343 .42663 .40172 .37857 .35702 .33697 .31829 .30088 .28465

 

 45   .49144 .46277 .43611 .41128 .38817 .36663 .34655 .32782 .31033 .29400

 

 46   .50072 .47225 .44574 .42101 .39796 .37644 .35634 .33757 .32002 .30360

 

 47   .51009 .48185 .45550 .43089 .40791 .38642 .36633 .34753 .32992 .31343

 

 48   .51958 .49158 .46540 .44093 .41803 .39660 .37652 .35770 .34006 .32351

 

 49   .52917 .50143 .47545 .45113 .42833 .40696 .38691 .36810 .35043 .33383

 

 50   .53888 .51141 .48566 .46150 .43883 .41754 .39754 .37874 .36106 .34442

 

 51   .54871 .52153 .49602 .47204 .44951 .42832 .40838 .38961 .37194 .35528

 

 52   .55865 .53179 .50653 .48276 .46038 .43931 .41945 .40073 .38307 .36641

 

 53   .56869 .54217 .51718 .49363 .47143 .45050 .43074 .41208 .39446 .37781

 

 54   .57882 .55265 .52796 .50465 .48265 .46186 .44222 .42364 .40607 .38945

 

 55   .58902 .56322 .53884 .51579 .49400 .47338 .45387 .43540 .41789 .40131

 

 56   .59926 .57383 .54978 .52701 .50544 .48501 .46565 .44729 .42987 .41335

 

 57   .60951 .58449 .56078 .53830 .51698 .49675 .47755 .45932 .44201 .42555

 

 58   .61978 .59517 .57182 .54964 .52858 .50858 .48956 .47147 .45427 .43790

 

 59   .63007 .60589 .58290 .56105 .54027 .52050 .50167 .48375 .46668 .45041

 

 60   .64039 .61665 .59405 .57254 .55205 .53253 .51392 .49617 .47925 .46310

 

 61   .65072 .62743 .60524 .58409 .56390 .54465 .52627 .50872 .49196 .47595

 

 62   .66104 .63822 .61645 .59566 .57581 .55683 .53870 .52136 .50478 .48892

 

 63   .67133 .64900 .62766 .60726 .58774 .56907 .55120 .53409 .51770 .50200

 

 64   .68161 .65977 .63887 .61887 .59970 .58134 .56375 .54688 .53071 .51519

 

 65   .69186 .67053 .65009 .63049 .61170 .59367 .57637 .55976 .54381 .52849

 

 66   .70216 .68136 .66140 .64223 .62383 .60615 .58916 .57283 .55713 .54203

 

 67   .71250 .69224 .67277 .65405 .63605 .61874 .60208 .58605 .57062 .55575

 

 68   .72283 .70312 .68416 .66590 .64833 .63140 .61509 .59938 .58423 .56963

 

 69   .73312 .71398 .69553 .67776 .66062 .64409 .62815 .61277 .59793 .58360

 

 70   .74335 .72479 .70688 .68959 .67291 .65680 .64124 .62621 .61168 .59764

 

 71   .75353 .73556 .71819 .70141 .68519 .66951 .65434 .63968 .62549 .61176

 

 72   .76364 .74626 .72945 .71318 .69744 .68220 .66745 .65317 .63933 .62593

 

 73   .77365 .75686 .74061 .72487 .70962 .69484 .68051 .66662 .65315 .64009

 

 74   .78350 .76733 .75164 .73643 .72167 .70735 .69346 .67997 .66688 .65417

 

 75   .79318 .77761 .76249 .74781 .73355 .71971 .70625 .69318 .68048 .66813

 

 76   .80266 .78769 .77314 .75899 .74524 .73187 .71886 .70621 .69390 .68192

 

 77   .81194 .79756 .78358 .76997 .75672 .74382 .73127 .71904 .70713 .69553

 

 78   .82100 .80722 .79380 .78072 .76798 .75556 .74346 .73166 .72016 .70894

 

 79   .82984 .81664 .80378 .79124 .77900 .76706 .75542 .74405 .73296 .72213

 

 80   .83843 .82582 .81351 .80149 .78976 .77830 .76711 .75618 .74550 .73507

 

 81   .84678 .83474 .82298 .81148 .80025 .78927 .77853 .76803 .75777 .74773

 

 82   .85487 .84339 .83217 .82119 .81045 .79994 .78966 .77959 .76974 .76009

 

 83   .86269 .85177 .84107 .83060 .82035 .81030 .80047 .79083 .78139 .77214

 

 84   .87024 .85986 .84968 .83970 .82993 .82035 .81095 .80174 .79271 .78385

 

 85   .87751 .86765 .85798 .84849 .83919 .83005 .82110 .81230 .80368 .79521

 

 86   .88450 .87515 .86597 .85696 .84811 .83942 .83089 .82251 .81428 .80619

 

 87   .89119 .88234 .87363 .86508 .85668 .84843 .84031 .83234 .82450 .81679

 

 88   .89760 .88922 .88099 .87289 .86492 .85708 .84938 .84180 .83434 .82700

 

 89   .90372 .89580 .88801 .88034 .87280 .86537 .85806 .85087 .84378 .83681

 

 90   .90954 .90207 .89471 .88746 .88032 .87329 .86637 .85954 .85282 .84620

 

 91   .91508 .90803 .90109 .89424 .88750 .88085 .87429 .86783 .86146 .85518

 

 92   .92033 .91369 .90714 .90068 .89432 .88803 .88184 .87572 .86969 .86374

 

 93   .92530 .91904 .91287 .90678 .90078 .89484 .88899 .88321 .87751 .87188

 

 94   .92999 .92411 .91830 .91256 .90690 .90130 .89578 .89032 .88493 .87961

 

 95   .93442 .92889 .92342 .91802 .91269 .90741 .90220 .89706 .89197 .88694

 

 96   .93858 .93338 .92824 .92316 .91813 .91316 .90825 .90340 .89859 .89385

 

 97   .94248 .93759 .93276 .92798 .92325 .91857 .91395 .90937 .90484 .90036

 

 98   .94614 .94155 .93701 .93252 .92807 .92367 .91931 .91500 .91073 .90650

 

 99   .94959 .94528 .94101 .93679 .93260 .92846 .92436 .92030 .91628 .91229

 

 100   .95278 .94874 .94473 .94075 .93682 .93292 .92906 .92523 .92144 .91769

 

 101   .95581 .95201 .94824 .94451 .94081 .93715 .93352 .92992 .92635 .92281

 

 102   .95860 .95503 .95149 .94798 .94450 .94105 .93763 .93424 .93088 .92754

 

 103   .96136 .95802 .95470 .95142 .94816 .94492 .94171 .93853 .93538 .93224

 

 104   .96390 .96077 .95766 .95458 .95152 .94848 .94547 .94248 .93951 .93657

 

 105   .96640 .96347 .96057 .95769 .95483 .95199 .94917 .94637 .94359 .94083

 

 106   .96950 .96684 .96420 .96157 .95896 .95636 .95379 .95123 .94868 .94616

 

 107   .97301 .97064 .96829 .96595 .96362 .96131 .95901 .95672 .95445 .95219

 

 108   .97859 .97670 .97482 .97295 .97109 .96923 .96739 .96555 .96373 .96191

 

 109   .98924 .98828 .98733 .98638 .98544 .98450 .98356 .98263 .98170 .98077

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%   5.6%   5.8%   6.0%

 

 ---------------------------------------------------------------------------

 

 0   .06083 .05483 .04959 .04501 .04101 .03749 .03441 .03170 .02931 .02721

 

 1   .05668 .05049 .04507 .04034 .03618 .03254 .02934 .02652 .02403 .02183

 

 2   .05858 .05222 .04665 .04178 .03750 .03373 .03042 .02750 .02492 .02264

 

 3   .06072 .05420 .04848 .04346 .03904 .03516 .03173 .02871 .02603 .02366

 

 4   .06303 .05634 .05046 .04530 .04075 .03674 .03319 .03006 .02729 .02483

 

 5   .06547 .05861 .05258 .04726 .04258 .03844 .03478 .03153 .02866 .02610

 

 6   .06805 .06102 .05482 .04935 .04453 .04026 .03647 .03312 .03014 .02749

 

 7   .07074 .06353 .05717 .05155 .04658 .04217 .03826 .03479 .03171 .02895

 

 8   .07356 .06617 .05964 .05386 .04875 .04421 .04017 .03658 .03338 .03053

 

 9   .07651 .06895 .06225 .05631 .05105 .04637 .04220 .03849 .03518 .03222

 

 10   .07960 .07185 .06499 .05889 .05347 .04865 .04435 .04052 .03709 .03402

 

 11   .08283 .07490 .06786 .06160 .05603 .05106 .04663 .04267 .03912 .03594

 

 12   .08620 .07808 .07087 .06444 .05871 .05360 .04903 .04494 .04127 .03798

 

 13   .08967 .08137 .07397 .06738 .06149 .05623 .05152 .04729 .04351 .04010

 

 14   .09321 .08472 .07715 .07038 .06433 .05892 .05406 .04971 .04579 .04227

 

 15   .09680 .08812 .08036 .07342 .06721 .06164 .05664 .05214 .04810 .04445

 

 16   .10041 .09154 .08360 .07649 .07011 .06438 .05923 .05459 .05041 .04664

 

 17   .10409 .09502 .08689 .07960 .07305 .06716 .06185 .05707 .05276 .04886

 

 18   .10782 .09855 .09024 .08276 .07604 .06998 .06452 .05959 .05514 .05111

 

 19   .11164 .10217 .09366 .08600 .07910 .07288 .06726 .06218 .05758 .05341

 

 20   .11559 .10592 .09721 .08937 .08228 .07589 .07010 .06487 .06012 .05582

 

 21   .11965 .10977 .10087 .09283 .08557 .07900 .07305 .06765 .06276 .05831

 

 22   .12383 .11376 .10465 .09642 .08897 .08223 .07610 .07055 .06550 .06090

 

 23   .12817 .11789 .10859 .10016 .09252 .08559 .07930 .07358 .06837 .06363

 

 24   .13270 .12221 .11270 .10408 .09625 .08914 .08267 .07678 .07141 .06651

 

 25   .13744 .12674 .11703 .10821 .10019 .09289 .08625 .08018 .07465 .06960

 

 26   .14239 .13149 .12158 .11256 .10435 .09686 .09003 .08380 .07810 .07288

 

 27   .14758 .13647 .12636 .11714 .10873 .10106 .09405 .08764 .08177 .07639

 

 28   .15300 .14169 .13137 .12195 .11335 .10549 .09829 .09171 .08567 .08012

 

 29   .15864 .14712 .13660 .12698 .11819 .11013 .10275 .09598 .08977 .08406

 

 30   .16448 .15275 .14203 .13222 .12323 .11498 .10742 .10047 .09408 .08820

 

 31   .17053 .15861 .14769 .13768 .12849 .12006 .11230 .10517 .09860 .09255

 

 32   .17680 .16468 .15357 .14336 .13398 .12535 .11741 .11009 .10335 .09712

 

 33   .18330 .17099 .15968 .14927 .13970 .13088 .12275 .11525 .10832 .10192

 

 34   .19000 .17750 .16599 .15539 .14562 .13661 .12829 .12061 .11350 .10693

 

 35   .19692 .18423 .17253 .16174 .15178 .14258 .13408 .12621 .11892 .11217

 

 36   .20407 .19119 .17931 .16833 .15818 .14879 .14009 .13204 .12457 .11764

 

 37   .21144 .19838 .18631 .17515 .16481 .15523 .14635 .13811 .13046 .12335

 

 38   .21904 .20582 .19357 .18222 .17170 .16193 .15287 .14444 .13661 .12932

 

 39   .22687 .21348 .20105 .18952 .17882 .16887 .15962 .15102 .14300 .13554

 

 40   .23493 .22137 .20878 .19707 .18619 .17606 .16663 .15784 .14965 .14201

 

 41   .24322 .22950 .21674 .20487 .19381 .18350 .17390 .16493 .15656 .14873

 

 42   .25173 .23786 .22494 .21290 .20168 .19120 .18141 .17227 .16372 .15572

 

 43   .26049 .24648 .23342 .22122 .20982 .19918 .18922 .17990 .17118 .16301

 

 44   .26950 .25535 .24214 .22979 .21824 .20742 .19730 .18781 .17892 .17057

 

 45   .27874 .26447 .25112 .23862 .22692 .21595 .20566 .19600 .18694 .17843

 

 46   .28824 .27385 .26038 .24774 .23589 .22476 .21431 .20450 .19527 .18659

 

 47   .29798 .28349 .26989 .25712 .24513 .23386 .22326 .21328 .20390 .19505

 

 48   .30797 .29338 .27967 .26678 .25466 .24325 .23250 .22238 .21283 .20383

 

 49   .31822 .30355 .28974 .27674 .26449 .25294 .24206 .23179 .22210 .21294

 

 50   .32876 .31401 .30011 .28701 .27465 .26298 .25196 .24156 .23172 .22242

 

 51   .33958 .32477 .31079 .29759 .28513 .27335 .26221 .25168 .24170 .23226

 

 52   .35068 .33582 .32178 .30851 .29595 .28407 .27282 .26216 .25206 .24249

 

 53   .36206 .34717 .33308 .31974 .30710 .29513 .28378 .27301 .26279 .25309

 

 54   .37371 .35880 .34467 .33127 .31857 .30651 .29507 .28420 .27388 .26406

 

 55   .38559 .37067 .35652 .34308 .33032 .31820 .30668 .29572 .28529 .27537

 

 56   .39765 .38275 .36859 .35512 .34232 .33014 .31855 .30751 .29699 .28697

 

 57   .40990 .39502 .38086 .36739 .35455 .34233 .33068 .31957 .30898 .29887

 

 58   .42231 .40747 .39333 .37985 .36700 .35474 .34304 .33188 .32121 .31103

 

 59   .43490 .42011 .40600 .39253 .37968 .36740 .35567 .34446 .33374 .32348

 

 60   .44768 .43296 .41890 .40546 .39261 .38033 .36858 .35733 .34656 .33625

 

 61   .46064 .44600 .43200 .41860 .40578 .39351 .38175 .37048 .35968 .34933

 

 62   .47373 .45920 .44527 .43194 .41915 .40690 .39514 .38387 .37305 .36267

 

 63   .48696 .47253 .45870 .44544 .43271 .42049 .40876 .39749 .38666 .37625

 

 64   .50030 .48601 .47229 .45911 .44645 .43428 .42258 .41133 .40051 .39010

 

 65   .51377 .49963 .48603 .47295 .46037 .44827 .43662 .42540 .41460 .40420

 

 66   .52750 .51352 .50007 .48711 .47464 .46262 .45103 .43987 .42911 .41872

 

 67   .54144 .52765 .51436 .50154 .48919 .47727 .46578 .45468 .44397 .43363

 

 68   .55554 .54196 .52885 .51619 .50398 .49218 .48079 .46978 .45915 .44887

 

 69   .56976 .55640 .54349 .53102 .51896 .50731 .49603 .48513 .47458 .46438

 

 70   .58407 .57095 .55826 .54598 .53410 .52260 .51147 .50069 .49025 .48013

 

 71   .59848 .58561 .57316 .56109 .54940 .53808 .52710 .51646 .50615 .49614

 

 72   .61294 .60035 .58815 .57632 .56484 .55371 .54291 .53243 .52225 .51237

 

 73   .62741 .61512 .60318 .59160 .58035 .56943 .55882 .54851 .53849 .52876

 

 74   .64183 .62983 .61818 .60686 .59586 .58516 .57476 .56464 .55480 .54523

 

 75   .65612 .64444 .63309 .62204 .61129 .60083 .59065 .58074 .57109 .56169

 

 76   .67026 .65891 .64786 .63710 .62661 .61640 .60646 .59676 .58731 .57810

 

 77   .68423 .67321 .66248 .65201 .64181 .63186 .62215 .61269 .60345 .59444

 

 78   .69800 .68733 .67692 .66676 .65684 .64717 .63772 .62849 .61948 .61068

 

 79   .71156 .70124 .69116 .68132 .67170 .66230 .65312 .64414 .63537 .62680

 

 80   .72487 .71490 .70516 .69563 .68632 .67721 .66830 .65959 .65106 .64272

 

 81   .73791 .72830 .71890 .70970 .70069 .69188 .68325 .67481 .66654 .65844

 

 82   .75065 .74140 .73235 .72348 .71479 .70628 .69794 .68977 .68176 .67391

 

 83   .76308 .75419 .74548 .73695 .72858 .72037 .71232 .70443 .69669 .68909

 

 84   .77516 .76664 .75828 .75008 .74203 .73413 .72638 .71877 .71130 .70396

 

 85   .78689 .77873 .77072 .76285 .75512 .74753 .74008 .73275 .72556 .71849

 

 86   .79825 .79044 .78278 .77524 .76783 .76055 .75340 .74636 .73944 .73264

 

 87   .80921 .80176 .79443 .78722 .78014 .77316 .76630 .75956 .75292 .74638

 

 88   .81978 .81268 .80569 .79880 .79203 .78536 .77880 .77234 .76598 .75971

 

 89   .82994 .82317 .81651 .80995 .80349 .79712 .79085 .78467 .77859 .77259

 

 90   .83967 .83324 .82690 .82065 .81450 .80843 .80244 .79655 .79073 .78500

 

 91   .84898 .84288 .83685 .83091 .82505 .81928 .81358 .80795 .80241 .79693

 

 92   .85787 .85208 .84636 .84072 .83515 .82966 .82423 .81888 .81360 .80838

 

 93   .86632 .86083 .85541 .85006 .84477 .83955 .83440 .82931 .82428 .81931

 

 94   .87435 .86915 .86402 .85894 .85393 .84898 .84409 .83925 .83447 .82975

 

 95   .88197 .87705 .87219 .86739 .86265 .85795 .85331 .84872 .84419 .83970

 

 96   .88915 .88451 .87991 .87537 .87088 .86643 .86203 .85768 .85338 .84912

 

 97   .89593 .89154 .88720 .88290 .87865 .87444 .87028 .86616 .86208 .85804

 

 98   .90232 .89818 .89408 .89002 .88600 .88202 .87808 .87418 .87031 .86649

 

 99   .90835 .90444 .90057 .89674 .89294 .88918 .88546 .88177 .87811 .87449

 

 100   .91397 .91028 .90663 .90301 .89942 .89587 .89234 .88885 .88539 .88196

 

 101   .91930 .91583 .91238 .90897 .90558 .90223 .89890 .89560 .89233 .88908

 

 102   .92424 .92096 .91771 .91448 .91128 .90811 .90496 .90184 .89875 .89568

 

 103   .92914 .92605 .92300 .91996 .91695 .91397 .91100 .90806 .90514 .90225

 

 104   .93364 .93074 .92786 .92501 .92217 .91935 .91656 .91379 .91103 .90830

 

 105   .93809 .93537 .93266 .92998 .92731 .92467 .92204 .91943 .91683 .91426

 

 106   .94365 .94115 .93867 .93621 .93376 .93133 .92892 .92651 .92413 .92176

 

 107   .94994 .94771 .94549 .94328 .94108 .93890 .93673 .93457 .93242 .93028

 

 108   .96010 .95830 .95651 .95472 .95295 .95118 .94942 .94767 .94593 .94420

 

 109   .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%   7.6%   7.8%   8.0%

 

 ---------------------------------------------------------------------------

 

 0   .02534 .02370 .02223 .02093 .01978 .01874 .01782 .01699 .01625 .01559

 

 1   .01989 .01817 .01664 .01528 .01406 .01298 .01202 .01115 .01037 .00967

 

 2   .02061 .01882 .01722 .01580 .01454 .01340 .01239 .01148 .01066 .00993

 

 3   .02156 .01969 .01802 .01654 .01521 .01403 .01297 .01201 .01115 .01038

 

 4   .02264 .02069 .01896 .01741 .01602 .01478 .01367 .01267 .01176 .01095

 

 5   .02383 .02180 .01999 .01838 .01693 .01563 .01446 .01341 .01246 .01161

 

 6   .02512 .02301 .02113 .01944 .01793 .01657 .01535 .01424 .01325 .01235

 

 7   .02650 .02430 .02234 .02058 .01900 .01758 .01630 .01514 .01410 .01315

 

 8   .02798 .02570 .02365 .02182 .02017 .01868 .01734 .01613 .01503 .01404

 

 9   .02957 .02720 .02507 .02316 .02143 .01988 .01848 .01721 .01606 .01502

 

 10   .03128 .02881 .02659 .02460 .02280 .02118 .01971 .01838 .01718 .01608

 

 11   .03309 .03053 .02823 .02615 .02428 .02258 .02105 .01966 .01839 .01725

 

 12   .03503 .03237 .02997 .02781 .02585 .02408 .02248 .02103 .01971 .01850

 

 13   .03704 .03428 .03179 .02954 .02750 .02565 .02398 .02246 .02108 .01982

 

 14   .03909 .03623 .03364 .03130 .02918 .02726 .02551 .02392 .02248 .02116

 

 15   .04117 .03820 .03551 .03308 .03087 .02886 .02704 .02538 .02387 .02249

 

 16   .04324 .04016 .03737 .03484 .03254 .03046 .02855 .02682 .02524 .02379

 

 17   .04533 .04214 .03924 .03661 .03422 .03205 .03007 .02826 .02661 .02509

 

 18   .04746 .04415 .04114 .03841 .03592 .03366 .03159 .02970 .02798 .02639

 

 19   .04963 .04620 .04309 .04025 .03766 .03530 .03315 .03117 .02937 .02772

 

 20   .05191 .04835 .04512 .04217 .03948 .03702 .03478 .03272 .03083 .02910

 

 21   .05427 .05058 .04723 .04416 .04137 .03881 .03647 .03432 .03235 .03054

 

 22   .05672 .05291 .04943 .04625 .04334 .04067 .03823 .03599 .03394 .03205

 

 23   .05930 .05535 .05174 .04844 .04542 .04265 .04010 .03777 .03562 .03364

 

 24   .06204 .05795 .05421 .05078 .04764 .04476 .04211 .03967 .03743 .03536

 

 25   .06497 .06074 .05687 .05331 .05005 .04705 .04429 .04174 .03940 .03724

 

 26   .06811 .06373 .05972 .05603 .05264 .04952 .04665 .04400 .04155 .03929

 

 27   .07146 .06694 .06278 .05895 .05543 .05219 .04920 .04644 .04389 .04153

 

 28   .07503 .07036 .06605 .06209 .05844 .05507 .05196 .04908 .04642 .04396

 

 29   .07881 .07398 .06953 .06542 .06163 .05814 .05490 .05191 .04913 .04656

 

 30   .08279 .07780 .07319 .06894 .06502 .06138 .05802 .05491 .05202 .04933

 

 31   .08697 .08182 .07707 .07267 .06860 .06483 .06134 .05810 .05509 .05229

 

 32   .09137 .08606 .08115 .07660 .07239 .06848 .06485 .06148 .05835 .05543

 

 33   .09601 .09053 .08546 .08075 .07639 .07234 .06858 .06508 .06182 .05878

 

 34   .10084 .09520 .08996 .08511 .08059 .07640 .07249 .06886 .06547 .06231

 

 35   .10590 .10009 .09470 .08968 .08501 .08067 .07662 .07285 .06933 .06605

 

 36   .11120 .10522 .09966 .09448 .08966 .08517 .08098 .07706 .07341 .06999

 

 37   .11674 .11059 .10486 .09952 .09454 .08990 .08556 .08150 .07771 .07416

 

 38   .12254 .11621 .11032 .10481 .09968 .09487 .09039 .08618 .08225 .07856

 

 39   .12857 .12208 .11601 .11035 .10505 .10009 .09545 .09110 .08702 .08320

 

 40   .13487 .12820 .12196 .11613 .11067 .10555 .10076 .09626 .09204 .08807

 

 41   .14142 .13458 .12817 .12217 .11655 .11127 .10632 .10167 .09730 .09319

 

 42   .14823 .14122 .13464 .12848 .12269 .11725 .11214 .10734 .10282 .09856

 

 43   .15535 .14816 .14141 .13508 .12913 .12353 .11826 .11330 .10863 .10422

 

 44   .16274 .15538 .14847 .14196 .13585 .13008 .12466 .11954 .11472 .11016

 

 45   .17042 .16290 .15581 .14914 .14286 .13694 .13135 .12608 .12110 .11640

 

 46   .17842 .17073 .16348 .15664 .15020 .14411 .13836 .13293 .12780 .12294

 

 47   .18672 .17886 .17145 .16445 .15784 .15159 .14568 .14010 .13481 .12980

 

 48   .19534 .18732 .17974 .17258 .16581 .15940 .15334 .14759 .14215 .13699

 

 49   .20429 .19612 .18838 .18106 .17413 .16757 .16134 .15544 .14984 .14453

 

 50   .21362 .20529 .19740 .18993 .18284 .17612 .16974 .16368 .15793 .15247

 

 51   .22332 .21484 .20680 .19917 .19194 .18506 .17853 .17232 .16642 .16080

 

 52   .23341 .22479 .21660 .20883 .20144 .19442 .18774 .18138 .17533 .16957

 

 53   .24388 .23513 .22681 .21889 .21136 .20419 .19737 .19087 .18467 .17876

 

 54   .25473 .24585 .23739 .22935 .22168 .21437 .20741 .20076 .19442 .18837

 

 55   .26593 .25693 .24835 .24017 .23238 .22494 .21784 .21105 .20458 .19838

 

 56   .27742 .26831 .25962 .25132 .24340 .23583 .22860 .22169 .21508 .20875

 

 57   .28922 .28001 .27121 .26280 .25476 .24707 .23971 .23267 .22593 .21947

 

 58   .30129 .29199 .28309 .27457 .26642 .25862 .25114 .24398 .23712 .23053

 

 59   .31367 .30428 .29529 .28667 .27842 .27051 .26293 .25565 .24867 .24197

 

 60   .32638 .31691 .30784 .29914 .29079 .28278 .27509 .26771 .26062 .25380

 

 61   .33940 .32987 .32073 .31195 .30352 .29542 .28763 .28015 .27295 .26603

 

 62   .35269 .34311 .33391 .32506 .31656 .30837 .30050 .29293 .28564 .27862

 

 63   .36625 .35663 .34738 .33847 .32990 .32165 .31370 .30604 .29867 .29155

 

 64   .38007 .37043 .36113 .35218 .34356 .33524 .32723 .31950 .31204 .30484

 

 65   .39417 .38451 .37519 .36620 .35753 .34917 .34110 .33330 .32577 .31850

 

 66   .40871 .39905 .38972 .38071 .37201 .36361 .35550 .34765 .34006 .33273

 

 67   .42365 .41400 .40468 .39567 .38696 .37853 .37038 .36250 .35487 .34749

 

 68   .43892 .42931 .42001 .41101 .40230 .39387 .38570 .37780 .37014 .36272

 

 69   .45450 .44493 .43567 .42670 .41800 .40958 .40141 .39350 .38582 .37837

 

 70   .47033 .46083 .45162 .44269 .43403 .42563 .41748 .40957 .40189 .39443

 

 71   .48644 .47702 .46788 .45901 .45040 .44203 .43391 .42602 .41835 .41090

 

 72   .50278 .49347 .48441 .47562 .46707 .45877 .45069 .44284 .43520 .42776

 

 73   .51930 .51010 .50115 .49245 .48399 .47575 .46774 .45994 .45234 .44494

 

 74   .53591 .52684 .51802 .50943 .50106 .49291 .48497 .47724 .46970 .46235

 

 75   .55253 .54361 .53492 .52645 .51820 .51015 .50230 .49465 .48719 .47991

 

 76   .56912 .56036 .55182 .54349 .53536 .52742 .51968 .51213 .50475 .49754

 

 77   .58565 .57706 .56868 .56050 .55251 .54471 .53708 .52964 .52236 .51525

 

 78   .60209 .59369 .58549 .57747 .56963 .56197 .55448 .54715 .53999 .53298

 

 79   .61841 .61021 .60219 .59435 .58668 .57917 .57182 .56463 .55760 .55071

 

 80   .63456 .62657 .61875 .61109 .60359 .59625 .58906 .58202 .57512 .56836

 

 81   .65050 .64273 .63512 .62766 .62034 .61318 .60616 .59927 .59252 .58590

 

 82   .66621 .65867 .65127 .64401 .63690 .62992 .62308 .61636 .60977 .60330

 

 83   .68164 .67433 .66716 .66012 .65321 .64642 .63976 .63322 .62680 .62050

 

 84   .69676 .68969 .68275 .67593 .66923 .66265 .65618 .64983 .64358 .63745

 

 85   .71154 .70472 .69801 .69141 .68493 .67856 .67229 .66613 .66007 .65412

 

 86   .72595 .71937 .71290 .70654 .70028 .69412 .68806 .68210 .67623 .67046

 

 87   .73995 .73362 .72740 .72127 .71523 .70929 .70344 .69768 .69201 .68642

 

 88   .75354 .74746 .74148 .73558 .72978 .72406 .71842 .71287 .70739 .70200

 

 89   .76668 .76085 .75511 .74945 .74387 .73837 .73295 .72761 .72234 .71714

 

 90   .77934 .77377 .76827 .76284 .75749 .75222 .74701 .74188 .73681 .73181

 

 91   .79153 .78620 .78094 .77575 .77063 .76558 .76059 .75566 .75080 .74600

 

 92   .80323 .79814 .79312 .78816 .78326 .77843 .77365 .76894 .76428 .75967

 

 93   .81440 .80956 .80477 .80004 .79536 .79074 .78618 .78166 .77721 .77280

 

 94   .82508 .82047 .81591 .81140 .80694 .80253 .79817 .79387 .78961 .78539

 

 95   .83526 .83088 .82654 .82225 .81800 .81380 .80965 .80554 .80148 .79746

 

 96   .84491 .84074 .83662 .83254 .82850 .82450 .82055 .81663 .81276 .80892

 

 97   .85405 .85009 .84617 .84230 .83846 .83466 .83089 .82717 .82348 .81982

 

 98   .86270 .85895 .85523 .85155 .84791 .84430 .84072 .83718 .83367 .83019

 

 99   .87090 .86735 .86382 .86033 .85687 .85345 .85005 .84668 .84335 .84004

 

 100   .87856 .87519 .87185 .86854 .86526 .86201 .85878 .85559 .85242 .84927

 

 101   .88587 .88268 .87952 .87638 .87327 .87019 .86713 .86409 .86109 .85810

 

 102   .89263 .88961 .88662 .88364 .88069 .87777 .87487 .87199 .86913 .86629

 

 103   .89938 .89653 .89370 .89089 .88810 .88534 .88259 .87987 .87717 .87448

 

 104   .90558 .90289 .90021 .89756 .89492 .89231 .88971 .88713 .88456 .88202

 

 105   .91170 .90916 .90664 .90413 .90164 .89917 .89672 .89428 .89186 .88945

 

 106   .91940 .91706 .91474 .91242 .91013 .90784 .90558 .90332 .90108 .89885

 

 107   .92816 .92605 .92395 .92186 .91978 .91772 .91567 .91362 .91159 .90957

 

 108   .94247 .94075 .93904 .93734 .93565 .93396 .93229 .93062 .92895 .92730

 

 109   .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%   9.6%   9.8%  10.0%

 

 ---------------------------------------------------------------------------

 

 0   .01498 .01444 .01395 .01351 .01310 .01273 .01240 .01209 .01181 .01155

 

 1   .00904 .00847 .00796 .00749 .00707 .00668 .00633 .00601 .00572 .00545

 

 2   .00926 .00866 .00812 .00763 .00718 .00677 .00640 .00606 .00575 .00547

 

 3   .00968 .00905 .00848 .00796 .00748 .00705 .00666 .00630 .00597 .00567

 

 4   .01021 .00955 .00894 .00839 .00789 .00744 .00702 .00664 .00629 .00597

 

 5   .01083 .01013 .00949 .00891 .00839 .00790 .00746 .00706 .00669 .00635

 

 6   .01153 .01080 .01012 .00951 .00895 .00844 .00798 .00755 .00715 .00679

 

 7   .01229 .01151 .01081 .01016 .00957 .00903 .00854 .00808 .00767 .00728

 

 8   .01314 .01232 .01157 .01089 .01026 .00969 .00917 .00869 .00825 .00784

 

 9   .01407 .01321 .01242 .01170 .01104 .01044 .00989 .00938 .00891 .00848

 

 10   .01509 .01418 .01335 .01259 .01190 .01126 .01068 .01014 .00965 .00919

 

 11   .01620 .01525 .01437 .01358 .01285 .01218 .01156 .01099 .01047 .00998

 

 12   .01740 .01640 .01549 .01465 .01388 .01317 .01252 .01192 .01137 .01086

 

 13   .01867 .01762 .01665 .01577 .01496 .01422 .01353 .01290 .01231 .01177

 

 14   .01995 .01885 .01784 .01691 .01606 .01527 .01455 .01389 .01327 .01270

 

 15   .02123 .02007 .01901 .01803 .01714 .01632 .01556 .01485 .01420 .01360

 

 16   .02247 .02126 .02015 .01913 .01818 .01732 .01652 .01578 .01509 .01446

 

 17   .02371 .02244 .02127 .02020 .01921 .01830 .01746 .01668 .01596 .01529

 

 18   .02494 .02361 .02239 .02126 .02022 .01926 .01838 .01756 .01680 .01610

 

 19   .02620 .02480 .02352 .02234 .02125 .02024 .01931 .01844 .01764 .01690

 

 20   .02751 .02605 .02471 .02346 .02232 .02126 .02028 .01937 .01853 .01775

 

 21   .02888 .02735 .02593 .02463 .02343 .02231 .02128 .02032 .01944 .01861

 

 22   .03030 .02870 .02722 .02585 .02458 .02341 .02233 .02132 .02038 .01951

 

 23   .03181 .03013 .02858 .02714 .02581 .02458 .02344 .02237 .02139 .02047

 

 24   .03345 .03169 .03006 .02855 .02715 .02586 .02465 .02353 .02249 .02152

 

 25   .03524 .03340 .03169 .03010 .02863 .02727 .02600 .02482 .02373 .02270

 

 26   .03720 .03527 .03348 .03181 .03027 .02884 .02750 .02626 .02510 .02402

 

 27   .03934 .03732 .03544 .03370 .03208 .03057 .02916 .02786 .02664 .02549

 

 28   .04167 .03955 .03759 .03576 .03406 .03247 .03099 .02962 .02833 .02713

 

 29   .04417 .04196 .03990 .03798 .03619 .03453 .03298 .03153 .03017 .02890

 

 30   .04684 .04452 .04237 .04036 .03848 .03674 .03510 .03358 .03215 .03081

 

 31   .04969 .04727 .04501 .04291 .04094 .03911 .03739 .03579 .03428 .03287

 

 32   .05272 .05019 .04783 .04563 .04357 .04165 .03984 .03816 .03657 .03509

 

 33   .05595 .05331 .05085 .04854 .04639 .04437 .04248 .04070 .03904 .03748

 

 34   .05936 .05661 .05403 .05162 .04936 .04725 .04527 .04341 .04166 .04001

 

 35   .06297 .06010 .05741 .05489 .05253 .05032 .04824 .04629 .04445 .04272

 

 36   .06679 .06380 .06100 .05837 .05590 .05358 .05140 .04935 .04742 .04561

 

 37   .07083 .06771 .06479 .06204 .05947 .05704 .05476 .05261 .05059 .04868

 

 38   .07511 .07186 .06881 .06595 .06326 .06072 .05834 .05609 .05397 .05196

 

 39   .07961 .07623 .07306 .07007 .06726 .06462 .06212 .05977 .05754 .05544

 

 40   .08434 .08083 .07753 .07442 .07149 .06873 .06612 .06366 .06133 .05913

 

 41   .08932 .08568 .08225 .07901 .07596 .07308 .07035 .06778 .06534 .06304

 

 42   .09455 .09077 .08720 .08384 .08066 .07766 .07481 .07213 .06958 .06717

 

 43   .10007 .09615 .09245 .08895 .08564 .08251 .07955 .07674 .07408 .07156

 

 44   .10586 .10180 .09796 .09433 .09089 .08763 .08454 .08162 .07884 .07621

 

 45   .11195 .10774 .10376 .09999 .09642 .09303 .08982 .08677 .08387 .08112

 

 46   .11835 .11400 .10987 .10596 .10225 .09873 .09539 .09222 .08920 .08633

 

 47   .12505 .12055 .11629 .11224 .10839 .10474 .10126 .09796 .09482 .09182

 

 48   .13209 .12745 .12303 .11884 .11485 .11106 .10746 .10402 .10075 .09764

 

 49   .13948 .13469 .13013 .12579 .12167 .11774 .11400 .11043 .10703 .10379

 

 50   .14727 .14233 .13762 .13314 .12887 .12481 .12093 .11723 .11370 .11033

 

 51   .15546 .15037 .14551 .14089 .13648 .13228 .12826 .12443 .12077 .11726

 

 52   .16407 .15884 .15384 .14907 .14452 .14018 .13603 .13206 .12826 .12463

 

 53   .17312 .16774 .16260 .15769 .15300 .14852 .14423 .14012 .13620 .13243

 

 54   .18259 .17707 .17179 .16674 .16191 .15729 .15286 .14862 .14456 .14067

 

 55   .19247 .18680 .18139 .17620 .17123 .16648 .16192 .15755 .15335 .14933

 

 56   .20270 .19690 .19135 .18602 .18092 .17603 .17134 .16684 .16251 .15836

 

 57   .21329 .20736 .20167 .19622 .19099 .18596 .18114 .17650 .17205 .16777

 

 58   .22422 .21816 .21235 .20677 .20140 .19625 .19130 .18653 .18195 .17754

 

 59   .23553 .22935 .22341 .21770 .21221 .20693 .20185 .19696 .19225 .18772

 

 60   .24725 .24095 .23489 .22906 .22345 .21805 .21285 .20783 .20300 .19834

 

 61   .25937 .25296 .24679 .24084 .23511 .22959 .22427 .21914 .21419 .20941

 

 62   .27185 .26534 .25906 .25300 .24716 .24153 .23609 .23084 .22577 .22088

 

 63   .28469 .27808 .27169 .26553 .25959 .25384 .24830 .24294 .23776 .23275

 

 64   .29789 .29119 .28471 .27845 .27240 .26656 .26091 .25544 .25016 .24504

 

 65   .31148 .30468 .29812 .29177 .28563 .27969 .27394 .26837 .26299 .25777

 

 66   .32564 .31877 .31213 .30570 .29948 .29345 .28761 .28195 .27647 .27115

 

 67   .34034 .33341 .32671 .32021 .31391 .30780 .30188 .29614 .29057 .28517

 

 68   .35552 .34855 .34179 .33523 .32887 .32270 .31671 .31089 .30524 .29976

 

 69   .37115 .36414 .35734 .35073 .34432 .33809 .33204 .32616 .32045 .31489

 

 70   .38719 .38016 .37332 .36668 .36023 .35396 .34786 .34193 .33616 .33054

 

 71   .40366 .39662 .38977 .38311 .37663 .37032 .36419 .35821 .35240 .34674

 

 72   .42053 .41350 .40665 .39998 .39349 .38716 .38100 .37500 .36916 .36346

 

 73   .43774 .43073 .42389 .41723 .41074 .40441 .39824 .39222 .38636 .38063

 

 74   .45519 .44821 .44140 .43476 .42829 .42197 .41580 .40979 .40391 .39818

 

 75   .47280 .46587 .45910 .45250 .44605 .43975 .43360 .42759 .42173 .41599

 

 76   .49051 .48364 .47693 .47037 .46396 .45770 .45158 .44560 .43975 .43403

 

 77   .50830 .50150 .49486 .48836 .48201 .47580 .46972 .46377 .45795 .45225

 

 78   .52613 .51942 .51286 .50644 .50015 .49400 .48797 .48208 .47630 .47064

 

 79   .54396 .53736 .53089 .52456 .51835 .51227 .50632 .50048 .49476 .48915

 

 80   .56174 .55525 .54888 .54265 .53653 .53054 .52466 .51890 .51325 .50770

 

 81   .57941 .57305 .56681 .56068 .55467 .54878 .54299 .53731 .53174 .52627

 

 82   .59696 .59073 .58461 .57861 .57272 .56693 .56125 .55566 .55018 .54480

 

 83   .61430 .60822 .60224 .59637 .59061 .58494 .57937 .57389 .56851 .56322

 

 84   .63142 .62549 .61966 .61393 .60830 .60276 .59731 .59196 .58669 .58150

 

 85   .64825 .64249 .63682 .63124 .62575 .62035 .61503 .60980 .60465 .59958

 

 86   .66477 .65918 .65367 .64825 .64291 .63765 .63248 .62738 .62236 .61741

 

 87   .68092 .67550 .67016 .66490 .65972 .65462 .64959 .64463 .63975 .63493

 

 88   .69669 .69145 .68628 .68119 .67618 .67123 .66635 .66154 .65680 .65212

 

 89   .71201 .70696 .70198 .69706 .69221 .68742 .68270 .67805 .67345 .66892

 

 90   .72688 .72201 .71721 .71246 .70779 .70317 .69861 .69411 .68966 .68528

 

 91   .74126 .73658 .73196 .72739 .72289 .71844 .71404 .70970 .70541 .70117

 

 92   .75513 .75063 .74620 .74181 .73748 .73320 .72897 .72479 .72066 .71657

 

 93   .76844 .76414 .75988 .75568 .75152 .74741 .74334 .73932 .73535 .73142

 

 94   .78123 .77711 .77303 .76901 .76502 .76108 .75718 .75332 .74951 .74573

 

 95   .79348 .78954 .78565 .78179 .77798 .77421 .77047 .76677 .76312 .75950

 

 96   .80513 .80137 .79765 .79397 .79032 .78671 .78314 .77960 .77610 .77263

 

 97   .81621 .81262 .80908 .80556 .80208 .79864 .79522 .79184 .78849 .78517

 

 98   .82674 .82333 .81995 .81660 .81328 .80999 .80673 .80351 .80031 .79713

 

 99   .83677 .83352 .83030 .82711 .82395 .82082 .81771 .81463 .81158 .80855

 

 100   .84616 .84307 .84001 .83697 .83396 .83097 .82801 .82507 .82216 .81927

 

 101   .85514 .85221 .84930 .84641 .84355 .84070 .83788 .83509 .83231 .82956

 

 102   .86348 .86069 .85792 .85517 .85245 .84974 .84706 .84439 .84175 .83912

 

 103   .87182 .86918 .86655 .86395 .86136 .85880 .85625 .85372 .85121 .84872

 

 104   .87950 .87699 .87450 .87203 .86957 .86713 .86471 .86231 .85992 .85755

 

 105   .88706 .88468 .88232 .87998 .87765 .87534 .87304 .87076 .86849 .86624

 

 106   .89664 .89444 .89225 .89008 .88792 .88577 .88364 .88152 .87941 .87731

 

 107   .90756 .90557 .90358 .90160 .89964 .89768 .89574 .89380 .89188 .88997

 

 108   .92565 .92401 .92238 .92075 .91914 .91753 .91592 .91433 .91274 .91116

 

 109   .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%  11.6%  11.8%  12.0%

 

 ---------------------------------------------------------------------------

 

 0   .01132 .01110 .01089 .01071 .01053 .01037 .01022 .01008 .00995 .00983

 

 1   .00520 .00497 .00476 .00457 .00439 .00423 .00407 .00393 .00379 .00367

 

 2   .00521 .00496 .00474 .00454 .00435 .00417 .00401 .00385 .00371 .00358

 

 3   .00539 .00513 .00490 .00468 .00447 .00429 .00411 .00395 .00380 .00366

 

 4   .00567 .00540 .00515 .00492 .00470 .00450 .00432 .00414 .00398 .00383

 

 5   .00603 .00574 .00547 .00523 .00500 .00478 .00459 .00440 .00423 .00407

 

 6   .00646 .00615 .00587 .00560 .00536 .00513 .00492 .00472 .00453 .00436

 

 7   .00693 .00660 .00630 .00602 .00576 .00551 .00529 .00508 .00488 .00469

 

 8   .00747 .00712 .00680 .00650 .00622 .00596 .00572 .00549 .00528 .00509

 

 9   .00808 .00771 .00737 .00705 .00675 .00648 .00622 .00598 .00576 .00555

 

 10   .00877 .00838 .00801 .00767 .00736 .00707 .00679 .00654 .00630 .00608

 

 11   .00954 .00912 .00873 .00838 .00804 .00773 .00744 .00717 .00692 .00668

 

 12   .01038 .00994 .00953 .00915 .00880 .00847 .00816 .00788 .00761 .00735

 

 13   .01127 .01081 .01038 .00998 .00960 .00925 .00893 .00862 .00833 .00806

 

 14   .01217 .01168 .01122 .01080 .01040 .01003 .00969 .00937 .00906 .00878

 

 15   .01305 .01253 .01205 .01160 .01118 .01079 .01042 .01008 .00976 .00946

 

 16   .01387 .01333 .01282 .01234 .01190 .01149 .01110 .01074 .01040 .01009

 

 17   .01467 .01409 .01356 .01306 .01259 .01216 .01175 .01137 .01101 .01067

 

 18   .01544 .01484 .01427 .01374 .01325 .01279 .01236 .01195 .01157 .01122

 

 19   .01621 .01557 .01497 .01442 .01390 .01341 .01295 .01253 .01213 .01175

 

 20   .01702 .01634 .01571 .01512 .01457 .01406 .01357 .01312 .01270 .01230

 

 21   .01784 .01713 .01646 .01584 .01526 .01471 .01420 .01372 .01327 .01285

 

 22   .01870 .01794 .01724 .01658 .01596 .01539 .01485 .01434 .01386 .01342

 

 23   .01961 .01881 .01807 .01737 .01672 .01611 .01554 .01500 .01449 .01402

 

 24   .02062 .01977 .01899 .01825 .01756 .01691 .01630 .01573 .01520 .01469

 

 25   .02175 .02085 .02002 .01924 .01851 .01782 .01718 .01657 .01600 .01547

 

 26   .02301 .02207 .02119 .02036 .01958 .01886 .01817 .01753 .01692 .01635

 

 27   .02443 .02343 .02250 .02162 .02080 .02003 .01930 .01862 .01798 .01737

 

 28   .02600 .02495 .02396 .02303 .02216 .02134 .02057 .01985 .01916 .01852

 

 29   .02771 .02660 .02555 .02457 .02365 .02278 .02197 .02120 .02047 .01979

 

 30   .02956 .02838 .02728 .02624 .02526 .02434 .02348 .02266 .02189 .02116

 

 31   .03155 .03031 .02914 .02804 .02701 .02604 .02512 .02425 .02344 .02266

 

 32   .03370 .03239 .03115 .02999 .02890 .02787 .02690 .02598 .02511 .02429

 

 33   .03601 .03463 .03333 .03210 .03095 .02985 .02883 .02785 .02693 .02606

 

 34   .03847 .03701 .03564 .03434 .03312 .03197 .03088 .02985 .02887 .02795

 

 35   .04109 .03956 .03811 .03675 .03546 .03424 .03308 .03199 .03096 .02998

 

 36   .04390 .04228 .04076 .03932 .03795 .03667 .03545 .03429 .03320 .03216

 

 37   .04688 .04518 .04358 .04206 .04062 .03926 .03798 .03676 .03560 .03450

 

 38   .05007 .04829 .04660 .04500 .04349 .04205 .04069 .03940 .03818 .03701

 

 39   .05346 .05158 .04981 .04812 .04653 .04502 .04358 .04222 .04092 .03969

 

 40   .05705 .05508 .05321 .05144 .04976 .04817 .04666 .04522 .04385 .04255

 

 41   .06086 .05879 .05683 .05497 .05320 .05152 .04993 .04841 .04697 .04559

 

 42   .06488 .06271 .06066 .05870 .05684 .05508 .05340 .05180 .05028 .04882

 

 43   .06917 .06690 .06474 .06269 .06074 .05888 .05711 .05543 .05382 .05229

 

 44   .07370 .07132 .06906 .06691 .06486 .06291 .06105 .05928 .05759 .05598

 

 45   .07850 .07602 .07365 .07139 .06924 .06719 .06524 .06338 .06160 .05990

 

 46   .08360 .08100 .07852 .07616 .07390 .07176 .06970 .06775 .06587 .06409

 

 47   .08897 .08626 .08367 .08120 .07884 .07659 .07443 .07238 .07041 .06853

 

 48   .09466 .09183 .08912 .08654 .08407 .08172 .07946 .07730 .07524 .07326

 

 49   .10069 .09774 .09492 .09222 .08964 .08717 .08481 .08255 .08038 .07831

 

 50   .10711 .10403 .10109 .09827 .09558 .09300 .09053 .08816 .08589 .08371

 

 51   .11392 .11072 .10765 .10472 .10191 .09921 .09663 .09415 .09178 .08950

 

 52   .12116 .11783 .11464 .11159 .10866 .10585 .10315 .10057 .09808 .09569

 

 53   .12883 .12538 .12206 .11889 .11584 .11291 .11010 .10740 .10481 .10231

 

 54   .13694 .13336 .12992 .12662 .12345 .12041 .11748 .11467 .11196 .10936

 

 55   .14547 .14176 .13820 .13478 .13149 .12832 .12528 .12235 .11953 .11682

 

 56   .15437 .15054 .14685 .14330 .13989 .13661 .13345 .13040 .12747 .12464

 

 57   .16365 .15969 .15588 .15221 .14868 .14527 .14199 .13883 .13578 .13284

 

 58   .17330 .16921 .16528 .16149 .15783 .15431 .15091 .14763 .14447 .14141

 

 59   .18335 .17914 .17508 .17117 .16739 .16375 .16023 .15684 .15356 .15039

 

 60   .19385 .18952 .18534 .18131 .17741 .17365 .17001 .16650 .16311 .15982

 

 61   .20480 .20035 .19605 .19189 .18788 .18400 .18025 .17662 .17311 .16971

 

 62   .21615 .21158 .20717 .20290 .19877 .19477 .19090 .18716 .18354 .18003

 

 63   .22791 .22323 .21870 .21431 .21007 .20596 .20198 .19812 .19439 .19077

 

 64   .24009 .23530 .23066 .22616 .22181 .21758 .21349 .20953 .20568 .20195

 

 65   .25271 .24781 .24306 .23846 .23400 .22967 .22547 .22139 .21744 .21360

 

 66   .26600 .26100 .25615 .25145 .24688 .24245 .23814 .23396 .22990 .22596

 

 67   .27992 .27483 .26989 .26509 .26043 .25590 .25150 .24722 .24306 .23901

 

 68   .29443 .28926 .28423 .27934 .27459 .26997 .26548 .26110 .25685 .25271

 

 69   .30950 .30424 .29914 .29417 .28934 .28463 .28005 .27559 .27125 .26703

 

 70   .32508 .31976 .31459 .30955 .30464 .29986 .29520 .29067 .28625 .28194

 

 71   .34122 .33585 .33062 .32552 .32054 .31570 .31097 .30637 .30187 .29749

 

 72   .35790 .35249 .34721 .34205 .33703 .33213 .32734 .32268 .31812 .31367

 

 73   .37505 .36960 .36428 .35909 .35403 .34908 .34425 .33953 .33492 .33042

 

 74   .39258 .38711 .38177 .37655 .37145 .36647 .36160 .35684 .35219 .34764

 

 75   .41039 .40491 .39956 .39432 .38921 .38420 .37931 .37452 .36983 .36525

 

 76   .42843 .42296 .41760 .41236 .40724 .40222 .39731 .39250 .38779 .38318

 

 77   .44668 .44122 .43588 .43065 .42552 .42050 .41559 .41077 .40605 .40143

 

 78   .46510 .45967 .45435 .44914 .44403 .43902 .43411 .42930 .42458 .41995

 

 79   .48365 .47826 .47298 .46780 .46271 .45773 .45284 .44804 .44333 .43871

 

 80   .50226 .49693 .49169 .48655 .48150 .47655 .47169 .46692 .46224 .45763

 

 81   .52090 .51562 .51044 .50536 .50036 .49546 .49064 .48590 .48125 .47668

 

 82   .53951 .53431 .52920 .52418 .51924 .51439 .50963 .50494 .50033 .49580

 

 83   .55802 .55291 .54788 .54294 .53808 .53329 .52859 .52396 .51941 .51493

 

 84   .57640 .57139 .56645 .56159 .55681 .55210 .54747 .54291 .53843 .53401

 

 85   .59459 .58968 .58484 .58008 .57539 .57077 .56623 .56175 .55733 .55298

 

 86   .61254 .60774 .60302 .59836 .59377 .58925 .58479 .58040 .57607 .57180

 

 87   .63019 .62551 .62090 .61635 .61187 .60745 .60309 .59880 .59456 .59038

 

 88   .64751 .64296 .63847 .63405 .62968 .62537 .62112 .61693 .61279 .60871

 

 89   .66444 .66003 .65567 .65137 .64712 .64293 .63880 .63471 .63068 .62670

 

 90   .68094 .67667 .67244 .66827 .66415 .66009 .65607 .65210 .64818 .64431

 

 91   .69699 .69285 .68877 .68473 .68074 .67680 .67291 .66906 .66526 .66150

 

 92   .71254 .70855 .70460 .70071 .69685 .69304 .68928 .68555 .68187 .67823

 

 93   .72753 .72369 .71989 .71613 .71242 .70874 .70510 .70150 .69794 .69442

 

 94   .74200 .73830 .73464 .73103 .72745 .72390 .72040 .71693 .71350 .71010

 

 95   .75591 .75236 .74885 .74538 .74194 .73853 .73516 .73182 .72851 .72524

 

 96   .76920 .76580 .76243 .75909 .75579 .75252 .74928 .74607 .74289 .73974

 

 97   .78188 .77863 .77540 .77220 .76904 .76590 .76279 .75971 .75665 .75363

 

 98   .79399 .79088 .78779 .78473 .78170 .77869 .77571 .77276 .76983 .76693

 

 99   .80555 .80257 .79962 .79670 .79380 .79092 .78807 .78525 .78244 .77966

 

 100   .81641 .81357 .81075 .80796 .80518 .80243 .79971 .79700 .79432 .79165

 

 101   .82683 .82412 .82144 .81877 .81612 .81350 .81089 .80831 .80574 .80320

 

 102   .83652 .83394 .83137 .82882 .82630 .82379 .82130 .81883 .81637 .81394

 

 103   .84624 .84379 .84135 .83892 .83652 .83413 .83176 .82941 .82707 .82475

 

 104   .85519 .85285 .85053 .84822 .84593 .84365 .84139 .83915 .83692 .83470

 

 105   .86400 .86178 .85957 .85737 .85519 .85302 .85087 .84873 .84660 .84449

 

 106   .87523 .87316 .87110 .86905 .86702 .86500 .86299 .86099 .85900 .85703

 

 107   .88806 .88617 .88429 .88242 .88055 .87870 .87686 .87502 .87320 .87139

 

 108   .90958 .90802 .90646 .90490 .90336 .90182 .90028 .89876 .89724 .89573

 

 109   .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643

 

 

 Table S

 

                          Based on Life Table 2000CM

 

                         Single Life Remainder Factors

 

                      Applicable on or After May 1, 2009

 

 Interest Rate

 

 ---------------------------------------------------------------------------

 

 AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%  13.6%  13.8%  14.0%

 

 ---------------------------------------------------------------------------

 

 0   .00972 .00961 .00951 .00941 .00932 .00924 .00916 .00908 .00901 .00894

 

 1   .00355 .00345 .00334 .00325 .00316 .00307 .00299 .00292 .00285 .00278

 

 2   .00346 .00334 .00323 .00313 .00303 .00294 .00286 .00278 .00270 .00263

 

 3   .00353 .00340 .00329 .00318 .00307 .00298 .00289 .00280 .00272 .00264

 

 4   .00369 .00356 .00343 .00332 .00321 .00310 .00300 .00291 .00283 .00274

 

 5   .00392 .00377 .00364 .00352 .00340 .00329 .00318 .00308 .00299 .00290

 

 6   .00420 .00405 .00391 .00377 .00365 .00353 .00342 .00331 .00321 .00311

 

 7   .00452 .00436 .00421 .00406 .00393 .00380 .00368 .00357 .00346 .00336

 

 8   .00490 .00473 .00457 .00441 .00427 .00413 .00400 .00388 .00376 .00365

 

 9   .00535 .00517 .00499 .00483 .00467 .00453 .00439 .00426 .00413 .00402

 

 10   .00587 .00567 .00548 .00531 .00514 .00499 .00484 .00470 .00456 .00444

 

 11   .00645 .00624 .00605 .00586 .00568 .00551 .00536 .00521 .00506 .00493

 

 12   .00711 .00689 .00668 .00648 .00629 .00611 .00595 .00579 .00563 .00549

 

 13   .00781 .00757 .00735 .00714 .00694 .00675 .00657 .00640 .00624 .00609

 

 14   .00851 .00826 .00802 .00780 .00759 .00739 .00720 .00702 .00684 .00668

 

 15   .00918 .00891 .00866 .00842 .00820 .00799 .00779 .00759 .00741 .00724

 

 16   .00979 .00950 .00924 .00899 .00875 .00853 .00832 .00811 .00792 .00774

 

 17   .01035 .01006 .00978 .00951 .00926 .00902 .00880 .00859 .00838 .00819

 

 18   .01088 .01057 .01027 .00999 .00973 .00948 .00924 .00901 .00880 .00860

 

 19   .01139 .01106 .01075 .01045 .01017 .00990 .00965 .00942 .00919 .00898

 

 20   .01192 .01157 .01124 .01092 .01063 .01035 .01008 .00983 .00959 .00936

 

 21   .01245 .01208 .01173 .01139 .01108 .01078 .01050 .01023 .00998 .00974

 

 22   .01300 .01260 .01222 .01187 .01154 .01122 .01092 .01064 .01037 .01011

 

 23   .01357 .01315 .01275 .01238 .01202 .01168 .01137 .01106 .01078 .01051

 

 24   .01422 .01377 .01334 .01294 .01257 .01221 .01187 .01155 .01124 .01095

 

 25   .01496 .01448 .01403 .01361 .01320 .01282 .01246 .01212 .01180 .01149

 

 26   .01582 .01531 .01483 .01438 .01395 .01354 .01316 .01279 .01244 .01211

 

 27   .01680 .01626 .01575 .01527 .01481 .01437 .01396 .01357 .01320 .01285

 

 28   .01791 .01734 .01679 .01628 .01579 .01533 .01489 .01447 .01408 .01370

 

 29   .01914 .01853 .01795 .01740 .01688 .01639 .01592 .01548 .01505 .01465

 

 30   .02048 .01982 .01921 .01862 .01807 .01754 .01704 .01657 .01612 .01569

 

 31   .02193 .02124 .02058 .01996 .01937 .01881 .01828 .01777 .01729 .01683

 

 32   .02351 .02278 .02208 .02142 .02079 .02019 .01962 .01908 .01857 .01808

 

 33   .02523 .02445 .02371 .02300 .02234 .02170 .02109 .02052 .01997 .01944

 

 34   .02707 .02624 .02545 .02470 .02399 .02331 .02267 .02205 .02146 .02091

 

 35   .02905 .02817 .02733 .02653 .02577 .02505 .02436 .02371 .02308 .02249

 

 36   .03117 .03024 .02935 .02850 .02769 .02693 .02619 .02550 .02483 .02419

 

 37   .03345 .03246 .03151 .03061 .02976 .02894 .02816 .02742 .02671 .02603

 

 38   .03590 .03485 .03385 .03289 .03198 .03112 .03029 .02950 .02874 .02802

 

 39   .03852 .03740 .03634 .03533 .03436 .03344 .03256 .03172 .03092 .03015

 

 40   .04131 .04013 .03900 .03793 .03690 .03593 .03499 .03410 .03324 .03242

 

 41   .04428 .04303 .04184 .04070 .03962 .03858 .03759 .03664 .03573 .03486

 

 42   .04744 .04612 .04486 .04366 .04250 .04140 .04035 .03934 .03838 .03745

 

 43   .05083 .04943 .04810 .04683 .04561 .04444 .04333 .04226 .04123 .04025

 

 44   .05443 .05296 .05155 .05021 .04892 .04768 .04650 .04537 .04428 .04324

 

 45   .05827 .05672 .05523 .05381 .05245 .05114 .04989 .04869 .04754 .04643

 

 46   .06237 .06074 .05917 .05767 .05623 .05485 .05352 .05225 .05103 .04986

 

 47   .06673 .06500 .06335 .06177 .06025 .05879 .05739 .05605 .05475 .05351

 

 48   .07137 .06955 .06781 .06614 .06454 .06300 .06152 .06010 .05874 .05742

 

 49   .07632 .07441 .07258 .07082 .06913 .06750 .06595 .06444 .06300 .06161

 

 50   .08162 .07962 .07769 .07584 .07407 .07236 .07071 .06913 .06760 .06614

 

 51   .08731 .08520 .08318 .08124 .07937 .07757 .07583 .07416 .07256 .07101

 

 52   .09340 .09119 .08907 .08703 .08507 .08317 .08135 .07959 .07790 .07627

 

 53   .09991 .09760 .09538 .09324 .09118 .08919 .08728 .08543 .08365 .08193

 

 54   .10685 .10443 .10211 .09987 .09771 .09562 .09361 .09167 .08980 .08799

 

 55   .11420 .11168 .10925 .10690 .10464 .10246 .10035 .09832 .09635 .09445

 

 56   .12191 .11928 .11675 .11430 .11193 .10965 .10745 .10531 .10325 .10126

 

 57   .13001 .12727 .12462 .12207 .11960 .11721 .11491 .11268 .11052 .10843

 

 58   .13846 .13561 .13286 .13020 .12762 .12513 .12273 .12040 .11814 .11595

 

 59   .14732 .14436 .14150 .13873 .13605 .13346 .13095 .12851 .12616 .12388

 

 60   .15665 .15358 .15060 .14772 .14494 .14224 .13962 .13709 .13463 .13225

 

 61   .16642 .16324 .16016 .15717 .15428 .15147 .14875 .14611 .14355 .14107

 

 62   .17663 .17333 .17014 .16704 .16404 .16113 .15830 .15556 .15290 .15031

 

 63   .18726 .18385 .18055 .17734 .17423 .17121 .16828 .16544 .16267 .15999

 

 64   .19833 .19481 .19140 .18809 .18487 .18175 .17871 .17576 .17289 .17010

 

 65   .20987 .20624 .20273 .19931 .19598 .19275 .18961 .18656 .18358 .18069

 

 66   .22213 .21840 .21478 .21125 .20783 .20449 .20125 .19809 .19501 .19202

 

 67   .23508 .23125 .22753 .22390 .22037 .21694 .21360 .21034 .20716 .20407

 

 68   .24868 .24476 .24094 .23722 .23359 .23006 .22662 .22327 .22000 .21681

 

 69   .26291 .25889 .25498 .25117 .24745 .24383 .24030 .23685 .23349 .23020

 

 70   .27773 .27364 .26964 .26574 .26194 .25823 .25461 .25107 .24762 .24425

 

 71   .29321 .28904 .28496 .28099 .27710 .27331 .26961 .26599 .26246 .25900

 

 72   .30933 .30508 .30094 .29689 .29294 .28907 .28530 .28160 .27799 .27446

 

 73   .32602 .32171 .31751 .31340 .30938 .30545 .30160 .29784 .29416 .29056

 

 74   .34319 .33884 .33458 .33042 .32634 .32236 .31845 .31463 .31089 .30723

 

 75   .36076 .35637 .35207 .34786 .34374 .33970 .33575 .33188 .32808 .32437

 

 76   .37867 .37425 .36991 .36567 .36151 .35744 .35344 .34953 .34569 .34192

 

 77   .39690 .39245 .38810 .38383 .37964 .37554 .37151 .36756 .36369 .35989

 

 78   .41541 .41096 .40659 .40231 .39811 .39398 .38993 .38596 .38206 .37823

 

 79   .43418 .42973 .42536 .42107 .41686 .41272 .40866 .40467 .40075 .39691

 

 80   .45311 .44868 .44432 .44003 .43582 .43169 .42763 .42363 .41971 .41585

 

 81   .47219 .46777 .46343 .45916 .45497 .45084 .44679 .44280 .43888 .43502

 

 82   .49135 .48696 .48265 .47841 .47424 .47014 .46610 .46213 .45822 .45437

 

 83   .51052 .50618 .50191 .49771 .49357 .48950 .48549 .48154 .47766 .47383

 

 84   .52966 .52537 .52115 .51700 .51291 .50887 .50490 .50099 .49714 .49334

 

 85   .54870 .54448 .54032 .53622 .53218 .52820 .52428 .52041 .51660 .51284

 

 86   .56759 .56344 .55935 .55532 .55135 .54742 .54356 .53974 .53598 .53227

 

 87   .58626 .58219 .57818 .57422 .57031 .56646 .56266 .55891 .55521 .55155

 

 88   .60468 .60070 .59677 .59290 .58907 .58529 .58157 .57788 .57425 .57066

 

 89   .62277 .61888 .61505 .61126 .60753 .60383 .60018 .59658 .59302 .58950

 

 90   .64048 .63670 .63296 .62927 .62563 .62202 .61846 .61494 .61146 .60803

 

 91   .65778 .65411 .65048 .64689 .64334 .63983 .63636 .63293 .62954 .62619

 

 92   .67462 .67106 .66754 .66406 .66061 .65720 .65383 .65050 .64720 .64393

 

 93   .69094 .68749 .68408 .68071 .67737 .67406 .67079 .66756 .66435 .66118

 

 94   .70673 .70340 .70011 .69685 .69362 .69042 .68725 .68412 .68102 .67794

 

 95   .72199 .71878 .71560 .71246 .70934 .70625 .70319 .70016 .69716 .69419

 

 96   .73662 .73353 .73047 .72743 .72443 .72145 .71850 .71557 .71268 .70981

 

 97   .75063 .74766 .74471 .74180 .73890 .73604 .73319 .73038 .72758 .72482

 

 98   .76405 .76120 .75837 .75557 .75279 .75003 .74730 .74459 .74190 .73923

 

 99   .77690 .77417 .77146 .76877 .76610 .76345 .76083 .75822 .75564 .75308

 

 100   .78901 .78639 .78379 .78121 .77866 .77612 .77360 .77110 .76862 .76616

 

 101   .80067 .79816 .79568 .79321 .79076 .78832 .78591 .78351 .78114 .77877

 

 102   .81152 .80912 .80674 .80438 .80203 .79970 .79738 .79508 .79280 .79054

 

 103   .82245 .82016 .81789 .81563 .81339 .81116 .80895 .80676 .80458 .80241

 

 104   .83250 .83031 .82814 .82599 .82384 .82171 .81960 .81750 .81541 .81334

 

 105   .84239 .84030 .83823 .83617 .83412 .83209 .83006 .82806 .82606 .82407

 

 106   .85507 .85311 .85117 .84924 .84733 .84542 .84352 .84164 .83976 .83790

 

 107   .86958 .86779 .86600 .86422 .86246 .86070 .85895 .85721 .85548 .85376

 

 108   .89422 .89272 .89123 .88974 .88826 .88679 .88533 .88386 .88241 .88096

 

 109   .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860

 

 

 Table 2000CM

 

 Age                     Age                     Age

 

 x      lx            x        lx             x             lx

 

 0     100000        37       96921           74           66882

 

 1      99305        38       96767           75           64561

 

 2      99255        39       96600           76           62091

 

 3      99222        40       96419           77           59476

 

 4      99197        41       96223           78           56721

 

 5      99176        42       96010           79           53833

 

 6      99158        43       95782           80           50819

 

 7      99140        44       95535           81           47694

 

 8      99124        45       95268           82           44475

 

 9      99110        46       94981           83           41181

 

 10     99097        47       94670           84           37837

 

 11     99085        48       94335           85           34471

 

 12     99073        49       93975           86           31114

 

 13     99057        50       93591           87           27799

 

 14     99033        51       93180           88           24564

 

 15     98998        52       92741           89           21443

 

 16     98950        53       92270           90           18472

 

 17     98891        54       91762           91           15685

 

 18     98822        55       91211           92           13111

 

 19     98745        56       90607           93           10773

 

 20     98664        57       89947           94            8690

 

 21     98577        58       89225           95            6871

 

 22     98485        59       88441           96            5315

 

 23     98390        60       87595           97            4016

 

 24     98295        61       86681           98            2959

 

 25     98202        62       85691           99            2122

 

 26     98111        63       84620          100            1477

 

 27     98022        64       83465          101             997

 

 28     97934        65       82224          102             650

 

 29     97844        66       80916          103             410

 

 30     97750        67       79530          104             248

 

 31     97652        68       78054          105             144

 

 32     97549        69       76478          106              81

 

 33     97441        70       74794          107              43

 

 34     97324        71       73001          108              22

 

 35     97199        72       71092          109              11

 

 36     97065        73       69056          110               0

 

 

(e) Effective/applicability date. This section applies on or after May 1, 2009.

(f) Expiration date. This section expires on or before May 1, 2012.

Par. 19. The undesignated center heading immediately preceding § 20.2031-7A is revised to read as follows:

 Actuarial Tables Applicable Before May 1, 2009

 

 

Par. 20. Section 20.2031-7A is amended by:

1. Revising the section heading.

2. Adding paragraphs (f)(1), (f)(2), and (f)(3).

3. In newly-designated paragraph (f)(4), the heading and introductory text paragraph is revised.

4. The heading of Table S in newly-designated paragraph (f)(4) is revised.

5. The heading of Table 90CM in newly-designated paragraph (f)(4) is revised.

6. Paragraph (f)(5) is added.

The revisions and additions read as follows:

§ 20.2031-7A Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 2009.

* * * * *

(f) Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is after April 30,1999, and before May 1, 2009 -- (1) In general. Except as otherwise provided in § 20.2031-7(b) and § 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is after April 30, 1999, and before May 1, 2009, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in § 20.2031-7T(d). These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See §§ 20.7520-1 through 20.7520-4. See paragraph (f)(4) of this section for determination of the appropriate table for use in valuing these interests.

(2) Transitional rule. (i) If a decedent dies after April 30, 1999, and if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For example, see paragraph (d) of this section.

(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 (e)(4) or paragraph (f)(4) of this section, at the option of the decedent's executor.

(iii) For purposes of paragraphs (f)(2)(i) and (f)(2)(ii) of this section, where the decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(4) or paragraph (f)(4) of this section, 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).

(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in paragraph (f)(4) of this section or in § 20.2031-7(d)(6) are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-99). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained from: CC:PA:LPD:PR (IRS Publication 1457), Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(4) Actuarial tables. Except as provided in § 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), Life Table 90CM and Table S (Single life remainder factors applicable where the valuation date is after April 30, 1999, and before May 1, 2009), contained in this paragraph (f)(4), and Table B, Table J, and Table K set forth in § 20.2031-7(d)(6) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent. Table S and Table 90CM are as follows:

Table S. -- Based on Life on Life Table 90CM Single Life Remainder Factors

 [Applicable After April 30, 1999, and Before May 1, 2009]

 

 

* * * * *

Table 90 CM.-Applicable After April 30, 1999, and Before May 1, 2009

* * * * *

(5) Effective/applicability dates. Paragraphs (f)(1) through (f)(4) apply after April 30, 1999, and before May 1, 2009.

Par. 21. Section 20.2032-1 is amended by revising paragraph (f)(1) as follows:

§ 20.2032-1 Alternate Valuation.

* * * * *

(f) * * *

(1) [Reserved]. For further guidance, see § 20.2032-1T(f)(1).

* * * * *

Par. 22. Section 20.2032-1T is added to read as follows:

§ 20.2032-1T Alternate Valuation (temporary).

(a) through (e) [Reserved]. For further guidance, see § 20.2032-1(a) through (e).

(f) [Reserved]. For further guidance, see § 20.2032-1(f).

(1) Life estates, remainders, and similar interests. The values of life estates, remainders, and similar interests are to be obtained by applying the methods prescribed in § 20.2031-7, using (i) the age of each person, the duration of whose life may affect the value of the interest, as of the date of the decedent's death, and (ii) the value of the property as of the alternate valuation date. For example, assume that the decedent, or the decedent's estate, was entitled to receive certain property worth $50,000 upon the death of A, who was entitled to the income for life. At the time of the decedent's death, on or after May 1, 2009, A was 47 years and 5 months old. In the month in which the decedent died, the section 7520 rate was 6.2 percent. The value of the decedent's remainder interest at the date of the decedent's death would, as illustrated in Example 1 of § 20.2031-7T(d)(5), be $9,336.00 ($50,000 x .18672). If, because of economic conditions, the property declined in value and was worth only $40,000 on the date that was 6 months after the date of the decedent's death, the value of the remainder interest would be $7,468.80 ($40,000 X .18672), even though A would be 48 years old on the alternate valuation date.

(f)(2) through (g) [Reserved]. For further guidance, see § 20.2032-1(f)(2) through (g).

(h) Effective/applicability date. Paragraph (f)(1) applies on or after May 1, 2009.

(i) Expiration date. Paragraph (f)(1) expires on or before May 1, 2012.

Par. 23. Section 20.2055-2 is amended by revising the heading in paragraph (e)(3) and revising the text in paragraphs (e)(3)(iii) and (f)(4) to read as follows:

§ 20.2055-2 Transfers not exclusively for charitable purposes.

* * * * *

(e) * * *

(3) Effective/applicability date. * * *

(iii) [Reserved]. For further guidance, see § 20.2055-2T(e)(3)(iii).

* * * * *

(f) * * *

(4) [Reserved]. For further guidance, see § 20.2055-2T(f)(4).

* * * * *

Par. 24. Section 20.2055-2T is added to read as follows:

§ 20.2055-2T Transfers not exclusively for charitable purposes (temporary).

(a) through (e)(3)(ii). [Reserved]. For further guidance see § 20.2055-2(a) through (e)(3)(ii).

(e)(3)(iii) The rule in paragraphs (e)(2)(vi)(a) and (e)(2)(vii)(a) of this section that guaranteed annuity interests or unitrust interests, respectively, may be payable for a specified term of years or for the life or lives of only certain individuals is generally effective in the case of transfers pursuant to wills and revocable trusts when the decedent dies on or after April 4, 2000. Two exceptions from the application of this rule in paragraphs (e)(2)(vi)(a) and (e)(2)(vii)(a) of this section are provided in the case of transfers pursuant to a will or revocable trust executed on or before April 4, 2000. One exception is for a decedent who dies on or before July 5, 2001, without having republished the will (or amended the trust) by codicil or otherwise. The other exception is for a decedent who was on April 4, 2000, under a mental disability that prevented a change in the disposition of the decedent's property, and who either does not regain competence to dispose of such property before the date of death, or dies prior to the later of 90 days after the date on which the decedent first regains competence, or July 5, 2001, without having republished the will (or amended the trust) by codicil or otherwise. If a guaranteed annuity interest or unitrust interest created pursuant to a will or revocable trust when the decedent dies on or after April 4, 2000, uses an individual other than one permitted in paragraphs (e)(2)(vi)(a) and (vii)(a) of this section, and the interest does not qualify for this transitional relief, the interest may be reformed into a lead interest payable for a specified term of years. The term of years is determined by taking the factor for valuing the annuity or unitrust interest for the named individual measuring life and identifying the term of years (rounded up to the next whole year) that corresponds to the equivalent term of years factor for an annuity or unitrust interest. For example, in the case of an annuity interest payable for the life of an individual age 40 at the time of the transfer on or after May 1, 2009, assuming an interest rate of 7.4 percent under section 7520, the annuity factor from column 1 of Table S(7.4), contained in IRS Publication 1457, Actuarial Valuations Version 3A, for the life of an individual age 40 is 12.1519 (1.00000 minus .10076, divided by .074). Based on Table B(7.4), contained in Publication 1457, Actuarial Valuations Version 3A, the factor 12.1519 corresponds to a term of years between 32 and 33 years. Accordingly, the annuity interest must be reformed into an interest payable for a term of 33 years. A judicial reformation must be commenced prior to the later of July 5, 2001, or the date prescribed by section 2055(e)(3)(C)(iii). Any judicial reformation must be completed within a reasonable time after it is commenced. A non-judicial reformation is permitted if effective under state law, provided it is completed by the date on which a judicial reformation must be commenced. In the alternative, if a court, in a proceeding that is commenced on or before July 5, 2001, declares any transfer made pursuant to a will or revocable trust where the decedent dies on or after April 4, 2000, and on or before March 6, 2001, null and void ab initio, the Internal Revenue Service will treat such transfers in a manner similar to that described in section 2055(e)(3)(J).

(e)(4) through (f)(3). [Reserved]. For further guidance see § 20.2055-2(e)(4) through (f)(3).

(f)(4) Other decedents. The present value of an interest not described in paragraph (f)(2) of this section is to be determined under § 20.2031-7T(d) in the case of decedents where the valuation date of the gross estate is on or after May 1, 2009, or under § 20.2031-7A in the case of decedents where the valuation date of the gross estate is before May 1, 2009.

(f)(5) [Reserved]. For further guidance see § 20.2055-2(f)(5).

(f)(6) Effective/applicability date. Paragraphs (e)(3)(iii) and (f)(4) apply on or after May 1, 2009.

(f)(7) Expiration date. Paragraphs (e)(3)(iii) and (f)(4) expire on or before May 1, 2012.

Par. 25. Section 20.2056A-4 is amended by revising paragraph (c)(4)(ii)(B) and Example 4 of paragraph (d). The revisions reads as follows:

§ 20.2056A-4 Procedures for conforming marital trusts and nontrust marital transfers to the requirements of a qualified domestic trust.

* * * * *

(c) * * *

(4) * * *

(ii) * * *

(B) [Reserved]. For further guidance, see § 20.2056A-4T(c)(4)(ii)(B).

(d) * * *

Example 4. [Reserved]. For further guidance, see § 20.2056A-4T(d) Example 4.

Par. 26. Section 20.2056A-4T is added to read as follows:

§ 20.2056A-4T Procedures for conforming marital trusts and nontrust marital transfers to the requirements of a qualified domestic trust (temporary).

(a) through (c)(4)(ii)(A). [Reserved]. For further guidance see § 20.2056A-4(a) through (c)(4)(ii)(A).

(c)(4)(ii)(B) The total present value of the annuity or other payment is the present value of the nonassignable annuity or other payment as of the date of the decedent's death, determined in accordance with the interest rates and mortality data prescribed by section 7520. The expected annuity term is the number of years that would be required for the scheduled payments to exhaust a hypothetical fund equal to the present value of the scheduled payments. This is determined by first dividing the total present value of the payments by the annual payment. From the quotient so obtained, the expected annuity term is derived by identifying the term of years that corresponds to the annuity factor equal to the quotient. This is determined by using column 1 of Table B, for the applicable interest rate, contained in Publication 1457, Actuarial Valuations Version 3A. A copy of this publication is available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. If the quotient obtained falls between two terms, the longer term is used.

(c)(5) through (c)(7). [Reserved]. For further guidance see § 20.2056A-4(c)(5) through (c)(7).

(d) Examples 1 through 3. [Reserved]. For further guidance see § 20.2056A-4(d) Examples 1 through 3.

Example 4. Computation of corpus portion of annuity payment. (i) At the time of D's death on or after May 1, 2009, D is a participant in an employees' pension plan described in section 401(a). On D's death, D's spouse S, a resident of the United States, becomes entitled to receive a survivor's annuity of $72,000 per year, payable monthly, for life. At the time of D's death, S is age 60. Assume that under section 7520, the appropriate discount rate to be used for valuing annuities in the case of this decedent is 6.0 percent. The annuity factor at 6.0 percent for a person age 60 is 11.0625 (1.0000 minus .33625, divided by .06). The adjustment factor at 6.0 percent in Table K for monthly payments is 1.0272. Accordingly, the right to receive $72,000 per year on a monthly basis is equal to the right to receive $73,958.40 ($72,000 x 1.0272) on an annual basis.

(ii) The corpus portion of each annuity payment received by S is determined as follows. The first step is to determine the annuity factor for the number of years that would be required to exhaust a hypothetical fund that has a present value and a payout corresponding to S 's interest in the payments under the plan, determined as follows:

(A) Present value of S 's annuity: $73,958.40 x 11.0625 = $818,164.80.

(B) Annuity Factor for Expected Annuity Term: $818,164.80 / $73,958.40 = 11.0625

(iii) The second step is to determine the number of years that would be required for S 's annuity to exhaust a hypothetical fund of $818,164.80. The term certain annuity factor of 11.0625 falls between the annuity factors for 18 and 19 years in a 6.0 percent term certain annuity table (Column 1 of Table B, Publication 1457 Actuarial Valuations Version 3A, which may be obtained on the IRS Internet site). Accordingly, the expected annuity term is 19 years.

(iv) The third step is to determine the corpus amount by dividing the expected term of 19 years into the present value of the hypothetical fund as follows:

Corpus amount of annual payment: $818,164.80/19 = $43,061.31

(v) In the fourth step, the corpus portion of each annuity payment is determined by dividing the corpus amount of each annual payment by the annual annuity payment (adjusted for payments more frequently than annually as in (i) of this Example 4) as follows:

Corpus portion of each annuity payment: $43,061.31/$73,958.40 = .58

(vi) Accordingly, 58 percent of each payment to S is deemed to be a distribution of corpus. A marital deduction is allowed for $818,164.80, the present value of the annuity as of D's date of death, if either: S agrees to roll over the corpus portion of each payment to a QDOT and the executor files the Information Statement described in paragraph (c)(5) of this section and the Roll Over Agreement described in paragraph (c)(7) of this section; or S agrees to pay the tax due on the corpus portion of each payment and the executor files the Information Statement described in paragraph (c)(5) of this section and the Payment Agreement described in paragraph (c)(6) of this section.

Example 5. [Reserved]. For further guidance see § 20.2056A-4(d) Example 5.

(e) Effective/applicability date. Paragraph (c)(4)(ii)(B) and Example 4 in paragraph (d) of this section are applicable with respect to decedents dying on or after May 1, 2009.

(f) Expiration date. Paragraph (c)(4)(ii)(B) and Example 4 in paragraph (d) of this section expire on or before May 1, 2012.

Par. 27. Section 20.7520-1 is amended by:

1. Revising the section heading.

2. Revising the second sentence of paragraph (a)(1) and revising paragraph (a)(2).

3. Removing the last two sentences of paragraph (b)(2) and adding a new sentence at the end of the paragraph.

4. Revising paragraphs (c)(1), (c)(2), and (d).

The revisions and additions read as follows:

§ 20.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests prior to May 1, 2009.

* * * * *

(a) (1) * * * For periods prior to May 1, 2009, see § 20.2031-7A for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a transfer to a pooled income fund prior to May 1, 2009, see § 1.642(c)-6A (Income Tax Regulations) with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) * * * For decedents' estates with valuation dates after April 30, 1989, and before May 1, 2009, the mortality component tables are contained in § 20.2031-7A.

(c) * * *

(1) [Reserved]. For further guidance, see § 20.7520-1T(c)(1).

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 22 percent for valuation dates after April 30, 1999, and before May 1, 2009. The following publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office; however, they may be obtained from CC:PA:LPD:PR, Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(d) Effective/applicability dates. This section applies after April 30, 1989, and before May 1, 2009.

Par. 28. Section 20.7520-1T is added to read as follows:

§ 20.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests on or after May 1, 2009 (temporary).

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 20.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of estates of decedents with valuation dates after April 30, 1989, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. See § 20.2031-7T(d) (and, for certain prior periods, § 20.2031-7A) for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) In the case of a transfer to a pooled income fund with a valuation date on or after May 1, 2009, see § 1.642(c)-6T(e), Income Tax Regulations, (or, for certain prior periods, § 1.642(c)-6A) with respect to the valuation of the remainder interest.

(3) [Reserved]. For further guidance, see § 20.7520-1(a)(3).

(b)(1) [Reserved]. For further guidance, see § 20.7520-1(b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For decedent's estates with valuation dates on or after May 1, 2009, the mortality component table (Table 2000CM) is contained in § 20.2031-7T(d)(7). See § 20.2031-7A for mortality component tables applicable to decedent's estates with valuation dates before May 1, 2009.

(c) [Reserved]. For further guidance, see § 20.7520-1(c).

(1) Regulation sections containing tables with interest rates between 0.2 and 14 percent for valuation dates on or after May 1, 2009. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in § 1.642(c)-5. See § 1.642(c)-6A for single life remainder factors applicable to valuation dates before May 1, 2009. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section1.664-4T(e)(7) contains Table U(1) (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, 2009. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) contains Table S (single life remainder factors), and Table 2000CM (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 applicable to valuation dates before May 1, 2009.

(2) Internal Revenue Service publications containing tables with interest rates between 0.2 and 22 percent for valuation dates on or after May 1, 2009. The following documents are available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov:

(i) Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in § 1.664-2 and a pooled income fund as defined in § 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in § 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication includes tables for computing depreciation adjustment factors. See § 1.170A-12T.

(d) Effective/applicability date. This section applies on or after May 1, 2009.

(e) Expiration date. This section expires on or before May 1, 2012.

PART 25 -- GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

Par. 29. The authority citation for part 25 is amended by adding entries in numerical order to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Section 25.2512-5T also issued under 26 U.S.C. 7520(c)(2).

Section 25.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 30. Section 25.2512-0 is revised to read as follows:

§ 25.2512-0 Table of contents.

This section lists the section headings that appear in the regulations under section 2512.

§ 25.2512-1 Valuation of property; in general.

§ 25.2512-2 Stocks and bonds.

§ 25.2512-3 Valuation of interests in businesses.

§ 25.2512-4 Valuation of notes.

§ 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.

§ 25.2512-5T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).

§ 25.2512-6 Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.

§ 25.2512-7 Effect of excise tax.

§ 25.2512-8 Transfers for insufficient consideration.

Actuarial Tables Applicable Before May 1, 2009

§ 25.2512-5A Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred before May 1, 2009.

Par. 31. Section 25.2512-5 is amended by revising paragraphs (c), (d), and (e) to read as follows:

The revised provisions read as follows:

§ 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.

* * * * *

(c) and (d) [Reserved]. For further guidance, see § 25.2512-5T(c) and (d).

(e) Effective/applicability dates. This section applies after April 30, 1999, and before May 1, 2009.

Par. 32. Section 25.2512-5T is added to read as follows:

§ 25.2512-5T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).

(a) and (b) [Reserved]. For further guidance, see § 25.2512-5(a) and (b).

(c) Actuarial valuations. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift on or after May 1, 2009, 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, 2009, is determined under the following sections:

  Transfers                      Applicable

 

 After         Before                 Regulations

 

 -         01-01-52                25.2512-5A(a)

 

 12-31-51       01-01-71                25.2512-5A(b)

 

 12-31-70       12-01-83                25.2512-5A(c)

 

 11-30-83       05-01-89                25.2512-5A(d)

 

 04-30-89       05-01-99                25.2512-5A(e)

 

 04-30-99       05-01-09                25.2512-5A(f)

 

 

(d) Actuarial valuations on or after May 1, 2009 -- (1) In general. Except as otherwise provided in paragraph (b) of this section and § 25.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances), if the valuation date for the gift is on or after May 1, 2009, the fair market value of annuities, life estates, terms of years, remainders, and reversions transferred on or after May 1, 2009, 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 pooled income fund, as defined in § 1.642(c)-5, is its value determined under § 1.642(c)-6T(e) (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), is its present value determined under § 1.664-2(c). The fair market value of a remainder interest in a charitable remainder unitrust, as defined in § 1.664-3, is its present value determined under § 1.664-4T(e). The fair market value of a life interest or term for years in a charitable remainder unitrust is the fair market value of the property as of the date of transfer less the fair market value of the remainder interest, determined under § 1.664-4T(e)(4) and (5).

(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in § 20.2031-7(d)(6) and Table S (for one measuring life when the valuation date is on or after May 1, 2009) is included in § 20.2031-7T(d)(7) and Internal Revenue Service Publication 1457. See § 20.2031-7A containing Table S for valuation of interests before May 1, 2009. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) Ordinary term-of-years and life interests. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain nonincome-producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for a remainder interest after a term of years in Table B and after the life of one individual in Table S (for one measuring life when the valuation date is on or after May 1, 2009). However, term-of-years and life interest actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in § 20.2031-7T(d)(7) (or in § 20.2031-7A). 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) or in Table S (for the life of one individual) in § 20.2031-7T(d)(7), as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Service Publication 1457 includes actuarial factors in Table B (for a remainder interest after an annuity payable for a term of years) and in Table S (for a remainder interest after an annuity payable for the life of one individual when the valuation date is on or after May 1, 2009). However, annuity actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in § 20.2031-7T(d)(7) (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, an annuity factor for a term of years or for one life may be derived mathematically. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in § 20.2031-7(d)(6) or in Table S (in the case of a one-life annuity) in § 20.2031-7T(d)(7), as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number. See § 20.2031-7T(d)(2)(iv) 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) at the appropriate interest rate component for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

Example. In July of a year after 2008, 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 6.6 percent. Under Table S in § 20.2031-7T(d)(7), the factor at 6.6 percent for determining the present value of a remainder interest payable at the death of an individual aged 68 is .42001. 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 8.7877 (1.00000 minus .42001 divided by .066). The adjustment factor from Table K in § 20.2031-7(d)(6) in the column for payments made at the end of each semiannual period at the rate of 6.6 percent is 1.0162. The aggregate annual amount of the annuity, $10,000, is multiplied by the factor 8.7877 and the product is multiplied by 1.0162. The present value of the donee's annuity is, therefore, $89,300.61 ($10,000 X 8.7877 X 1.0162).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in § 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment and the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in paragraph (d)(2)(iv)(B) of this section.

(v) Annuity and unitrust interests for a term of years or until the prior death of an individual -- (A) Annuity interests. The present value of an annuity interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in §§ 20.2031-7(d)(6) and 20.2031-7T(d)(7) as described in the following example:

Example. The donor transfers $100,000 into a trust on or after May 1, 2009, 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 deemed to be 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 5.8 percent. The present value of the donor's retained interest is $42,575.65, determined as follows:

 TABLE S value at 5.8 percent, age 60                   .34656

 

 TABLE S value at 5.8 percent, age 70                   .49025

 

 TABLE 2000CM value at age 70                            74794

 

 TABLE 2000CM value at age 60                            87595

 

 TABLE B value at 5.8 percent, 10 years                .569041

 

 TABLE K value at 5.8 percent                           1.0143

 

 

Factor for donor's retained interest at 5.8 percent:

 (1.00000 - .34656) - (.569041 X (74794/87595) X (1.00000 - .49025)) = 6.9959

 

 __________________________________________________________________

 

 .058

 

 

Present value of donor's retained interest:

($6,000 X 6.9959 X 1.0143) $42,575.65

(B) Unitrust interests. The present value of a unitrust interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in §§ 1.664-4(e)(6) and 1.664-4T(e)(7) 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 of a year after 2009. The trust instrument requires that each year the trust pay to the donor, in equal semiannual installments on June 30th and December 31st, 6 percent of the fair market value of the trust assets, valued as of January 1st each year, for 10 years or until the prior death of the donor. The section 7520 rate for the January in which the transfer occurred is 6.6 percent. Under Table F(6.6) in § 1.664-4(e)(6), the appropriate adjustment factor is .953317 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 5.720 percent (6% X .953317). The present value of the donor's retained interest is $41,920.00 determined as follows:

 TABLE U(1) value at 5.6 percent, age 60                .33970

 

 TABLE U(1) value at 5.6 percent, age 70                .48352

 

 TABLE 2000CM value at age 70                            74794

 

 TABLE 2000CM value at age 60                            87595

 

 TABLE D value at 5.6 percent, 10 years                .561979

 

 

Factor for donor's retained interest at 5.6 percent:

(1.000000 - .33970) - (.561979 X (74794/87595) X (1.000000 - .48352)) = .41247

 TABLE U(1) value at 5.8 percent, age 60                .32846

 

 TABLE U(1) value at 5.8 percent, age 70                .47241

 

 TABLE 2000CM value at age 70                            74794

 

 TABLE 2000CM value at age 60                            87595

 

 TABLE D value at 5.8 percent, 10 years                .550185

 

 

Factor for donor's retained interest at 5.8 percent:

 (1.000000 - .32846) - (.550185 X (74974/87595) X (1.000000 - .47241)) = .42369

 

 Difference       .01122

 

 Interpolation adjustment:

 

 5.720% - 5.6%       =      x

 

 _______________        _________

 

 0.2%               .01122

 

 x = .00673

 

 Factor at 5.6 percent, age 60                           .41247

 

 Plus: Interpolation adjustment                          .00673

 

 Interpolated Factor                                     .41920

 

 Present value of donor's retained interest:

 

 ($100,000 X .41920)                                 $41,920.00

 

 

(3) Transitional rule. If the valuation date of a transfer of property by gift is on or after May 1, 2009, and before July 1, 2009, 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 § 20.2031-7T(d)(7) or § 20.2031-7A(f)(4), 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 § 20.2031-7T(d)(7) are included in Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). 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 beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. If a special factor is required in the case of a completed gift, the Internal Revenue Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(e) Effective/applicability date. This section applies on or after May 1, 2009.

(f) Expiration date. This section expires on or before May 1, 2012.

Par. 33. The undesignated center heading immediately preceding § 25.2512-5A is revised to read as follows:

     Actuarial Tables Applicable Before May 1, 2009

Par. 34. Section 25.2512-5A is amended by revising the section heading and adding paragraph (f) to read as follows:

§ 25.2512-5A Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred before May 1, 2009.

* * * * *

(f) Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred after April 30, 1999, and before May 1, 2009 -- (1) In general. Except as otherwise provided in §§ 25.2512-5(b) and 25.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date of the transferred interest is after April 30, 1999, and before May 1, 2009, the fair market value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in § 25.2512-5T(d). Sections 20.2031-7(d)(6) and 20.2031-7A(f)(4) and related sections provide tables with standard actuarial factors and examples that illustrate how to use the tables to compute the present value of ordinary annuity, life, and remainder interests in property. These sections also refer to standard and special actuarial factors that may be necessary to compute the present value of similar interests in more unusual fact situations. These factors and examples are also generally applicable for gift tax purposes in computing the values of taxable gifts.

(2) Transitional rule. 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 § 20.2031-7A(e)(4) or § 20.2031-7A(f)(4), 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).

(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in §§ 20.2031-7(d)(6) and 20.2031-7A(f)(4) are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-99). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained from: CC:PA:LPD:PR (IRS Publication 1457), Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of a completed gift, the Internal Revenue Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(4) Effective/applicability dates. Paragraphs (f)(1) through (f)(3) apply after April 30, 1999, and before May 1, 2009.

Par. 35. Section 25.2522(c)-3 is amended by revising paragraph (e) to read as follows:

§ 25.2522(c)-3 Transfers not exclusively for charitable, etc., purposes in the case of gifts made after July 31, 1969.

* * * * *

(e) [Reserved]. For further guidance, see § 25.2522(c)-3T(e).

Par. 36. Section 25.2522(c)-3T is added as follows:

§ 25.2522(c)-3T Transfers not exclusively for charitable, etc., purposes in the case of gifts made after July 31, 1969 (temporary).

(a) through (d) [Reserved]. For further guidance, see § 25.2522(c)-3(a) through (d).

(e) Effective/applicability date. This section applies only to gifts made after July 31, 1969. In addition, the rule in paragraphs (c)(2)(vi)(a) and (c)(2)(vii)(a) of this section that guaranteed annuity interests or unitrust interests, respectively, may be payable for a specified term of years or for the life or lives of only certain individuals applies to transfers made on or after April 4, 2000. If a transfer is made on or after April 4, 2000, that uses an individual other than one permitted in paragraphs (c)(2)(vi)(a) and (c)(2)(vii)(a) of this section, the interest may be reformed into a lead interest payable for a specified term of years. The term of years is determined by taking the factor for valuing the annuity or unitrust interest for the named individual measuring life and identifying the term of years (rounded up to the next whole year) that corresponds to the equivalent term of years factor for an annuity or unitrust interest. For example, in the case of an annuity interest payable for the life of an individual age 40 at the time of the transfer on or after May 1, 2009, assuming an interest rate of 7.4 percent under section 7520, the annuity factor from column 1 of Table S(7.4), contained in IRS Publication 1457, Actuarial Valuations Version 3A, for the life of an individual age 40 is 12.1519 (1 - .10076 / .074). Based on Table B(7.4), contained in Publication 1457, Actuarial Valuations Version 3A, the factor 12.1519 corresponds to a term of years between 32 and 33 years. Accordingly, the annuity interest must be reformed into an interest payable for a term of 33 years. A judicial reformation must be commenced prior to October 15th of the year following the year in which the transfer is made and must be completed within a reasonable time after it is commenced. A non-judicial reformation is permitted if effective under state law, provided it is completed by the date on which a judicial reformation must be commenced. In the alternative, if a court, in a proceeding that is commenced on or before July 5, 2001, declares any transfer, made on or after April 4, 2000, and on or before March 6, 2001, null and void ab initio, the Internal Revenue Service will treat such transfers in a manner similar to that described in section 2055(e)(3)(J).

Par. 37. Section 25.7520-1 is amended by:

1. Revising the section heading.

2. Revising the second sentence of paragraph (a)(1) and revising paragraph (a)(2).

3. Removing the last two sentences of paragraph (b)(2) and adding a new sentence at the end.

4. Revising paragraphs (c)(1), (c)(2), and (d).

The revisions and additions read as follows:

§ 25.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests prior to May 1, 2009.

* * * * *

(a)(1) * * * For periods prior to May 1, 2009, see § 20.2031-7A for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a gift to a pooled income fund prior to May 1, 2009, see § 1.642(c)-6A (Income Tax Regulations) with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) * * * For transactions with valuation dates after April 30, 1989, and before May 1, 2009, the mortality component tables are contained in § 20.2031-7A.

(c) * * *

(1) [Reserved]. For further guidance, see § 25.7520-1T(c)(1).

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 22 percent for valuation dates after April 30, 1999, and before May 1, 2009. The following publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office; however, they may be obtained from CC:PA:LPD:PR, Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(d) Effective/applicability dates. This section applies after April 30, 1989, and before May 1, 2009.

Par. 38. Section 25.7520-1T is added to read as follows:

§ 25.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests on or after May 1, 2009 (temporary).

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 25.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of certain gifts after April 30, 1989, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. See § 20.2031-7T(d) (and, for certain prior periods, § 20.2031-7A) for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) In the case of a gift to a beneficiary of a pooled income fund on or after May 1, 2009, see § 1.642(c)-6T(e) (or, for certain prior periods, § 1.642(c)-6A) with respect to the valuation of the remainder interest.

(3) [Reserved]. For further guidance, see § 25.7520-1(a)(3).

(b)(1) [Reserved]. For further guidance, see § 25.7520-1(b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For gifts with valuation dates on or after May 1, 2009, the mortality component table (Table 2000CM) is contained in § 20.2031-7T(d)(7). See § 20.2031-7A for mortality component tables applicable to gifts for which the valuation date falls before May 1, 2009.

(c) [Reserved]. For further guidance, see § 25.7520-1(c).

(1) Regulation sections containing tables with interest rates between 0.2 and 14 percent for valuation dates on or after May 1, 2009. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in § 1.642(c)-5. See § 1.642(c)-6A for single life remainder factors applicable to valuation dates before May 1, 2009. 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 1.664-4T(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, 2009. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) contains Table S (single life remainder factors), and Table 2000CM (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, 2009.

(2) Internal Revenue Service publications containing tables with interest rates between 0.2 and 22 percent for valuation dates on or after May 1, 2009. The following documents are available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov:

(i) Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in § 1.664-2 and a pooled income fund as defined in § 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in § 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication includes tables for computing depreciation adjustment factors. See § 1.170A-12T.

(d) Effective/applicability date. This section applies on or after May 1, 2009.

(e) Expiration date. This section expires on or before May 1, 2012.

Par. 39. Section 25.7520-3 is amended by revising paragraph (b)(2)(v), Example 5 and paragraph (b)(4) to read as follows:

§ 25.7520-3 Limitation on the application of section 7520.

* * * * *

(b) * * *

(2) * * *

(v) * * *

Example 5. [Reserved]. For further guidance, see § 25.7520-3T(b)(2)(v) Example 5.

* * * * *

(4) [Reserved]. For further guidance, see § 25.7520-3T(b)(4).

* * * * *

Par. 40. Section 25.7520-3T is added as follows:

§ 25.7520-3T Limitation on the application of section 7520 (temporary).

(a) through (b)(2)(iv) [Reserved]. For further guidance, see § 25.7520-3(a) through (b)(2)(iv).

(b)(2)(v) Examples 1 through 4. [Reserved]. For further guidance, see § 25.7520-3(b)(2)(v) Examples 1 through 4.

Example 5. Eroding corpus in an annuity trust. (i) The donor, who is age 60 and in normal health, transfers property worth $1,000,000 to a trust on or after May 1,2009. The trust will pay a 10 percent ($100,000 per year) annuity to a charitable organization for the life of the donor, payable annually at the end of each period, and the remainder then will be distributed to the donor's child. The section 7520 rate for the month of the transfer is 6.8 percent. First, it is necessary to determine whether the annuity may exhaust the corpus before all annuity payments are made. Because it is assumed that any measuring life may survive until age 110, any life annuity could require payments until the measuring life reaches age 110. Based on a section 7520 interest rate of 6.8 percent, the determination of whether the annuity may exhaust the corpus before the annuity payments are made is computed as follows:

 Age to which life annuity may continue                 110

 

 less: Age of measuring life at date of transfer         60

 

 Number of years annuity may continue               50

 

 Annual annuity payment                            $100,000.00

 

 times: Annuity factor for 50 years

 

 derived from Table B

 

 (1 - .037277 / .068)                                  14.1577

 

 Present value of term certain annuity           $1,415,770.00

 

 

(ii) Because the present value of an annuity for a term of 50 years exceeds the corpus, the annuity may exhaust the trust before all payments are made. Consequently, the annuity must be valued as an annuity payable for a term of years or until the prior death of the annuitant, with the term of years determined by when the fund will be exhausted by the annuity payments.

(iii) The annuity factor for a term of years at 6.8 percent is derived by subtracting the applicable remainder factor in Table B (see § 20.2031-7(d)(6)) from 1.000000 and then dividing the result by .068. An annuity of $100,000 payable at the end of each year for a period that has an annuity factor of 10.0 would have a present value exactly equal to the principal available to pay the annuity over the term. The annuity factor for 17 years is 9.8999 and the annuity factor for 18 years is 10.2059. Thus, it is determined that the $1,000,000 initial transfer will be sufficient to make 17 annual payments of $100,000, but not to make the entire 18th payment. The present value of an annuity of $100,000 payable at the end of each year for 17 years certain is $100,000 times 9.8999 or $989,990. The remaining amount is $10,010.00. Of the initial corpus amount, $10,010.00 is not needed to make payments for 17 years, so this amount, as accumulated for 18 years, will be available for the final payment. The 18-year accumulation factor is (1 + 0.068)18 or 3.268004. Then the amount available in 18 years is $10,010.00 times 3.268004 or $32,712.72. Therefore,for purposes of analysis we consider the annuity payments as being composed of two distinct annuity components. The two annuity components taken together must equal the total annual amount of $100,000. The first annuity is the exact amount that the trust will have available for the final payment, $32,712.72. The second annuity component then must be $100,000 minus $32,712.72, or $67,287.28. Specifically, the initial corpus will be able to make payments of $67,287.28 per year for 17 years plus payments of $32,712.72 per year for 18 years. The total annuity is valued by adding the value of the two separate temporary component annuities.

(iv) Based on Table H of Publication 1457, Actuarial Valuations Version 3A, which may be obtained from the IRS Internet site, the present value of an annuity of $67,287.28 per year payable for 17 years or until the prior death of a person aged 60 is $597,013.12 ($67,287.28 X 8.8726). The present value of an annuity of $32,712.72 per year payable for 18 years or until the prior death of a person aged 60 is $296,887.56 ($32,712.72 X 9.0756). Thus, the present value of the charitable annuity interest is $893,900.68 ($597,013.12 + $296,887.56).

(3) [Reserved]. For further guidance, see § 25.7520-3(b)(3).

(4) Example. The provisions of paragraph (b)(3) of this section are illustrated by the following example:

Example. Terminal illness. The donor transfers property worth $1,000,000 to a child on or after May 1, 2009, in exchange for the child's promise to pay the donor $80,000 per year for the donor's life, payable annually at the end of each period. The donor is age 75 but has been diagnosed with an incurable illness and has at least a 50 percent probability of dying within 1 year. The section 7520 interest rate for the month of the transfer is 7.6 percent, and the standard annuity factor at that interest rate for a person age 75 in normal health is 6.6493 (1 - .49465 / .076). Thus, if the donor were not terminally ill, the present value of the annuity would be $531,944.00 ($80,000 X 6.6493). Assuming the presumption provided in paragraph (b)(3) of this section does not apply, because there is at least a 50 percent probability that the donor will die within 1 year, the standard section 7520 annuity factor may not be used to determine the present value of the donor's annuity interest. Instead, a special section 7520 annuity factor must be computed that takes into account the projection of the donor's actual life expectancy.

(5) [Reserved]. For further guidance, see § 25.7520-3(b)(5).

(c) Effective/applicability dates. Section 25.7520-3(a) is effective as of May 1, 1989. The provisions of paragraph (b) of this section, except Example 5 in paragraph (b)(2)(v) and paragraph (b)(4), are effective with respect to gifts made after December 13, 1995. Example 5 in paragraph (b)(2)(v) and paragraph (b)(4) are effective with respect to gifts made on or after May 1, 2009.

Par. 41. For each section listed in the table below, remove the language in the "Remove" column and add in its place the language in the "Add" column as set forth below:

 Section            Remove    Add

 

 § 1.170A-12(e)(2)            Table 90CM in                 Table 2000CM in

 

 following the formula        § 20.2031-7                    § 20.2031-7T

 

 § 1.170A-14(h)(4),           May 1, 1999                    May 1, 2009

 

 Example 2, fourth

 

 sentence

 

 § 1.664-1(a)(6)              §§ 1.664-4(e) and              §§ 1.664-4T(e) and

 

 introductory text            1.664-4A(d) and (e)            1.664-4A

 

Linda E. Stiff

 

Deputy Commissioner for

 

Services and Enforcement.

 

Approved: April 23, 2009
Bernard J. Knight, Jr

 

Acting General Counsel of the

 

Treasury.
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