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Final Regs That Revise Actuarial Tables

JUN. 12, 2000

T.D. 8886; 65 F.R. 36907-36944

DATED JUN. 12, 2000
DOCUMENT ATTRIBUTES
Citations: T.D. 8886; 65 F.R. 36907-36944

 [4830-01-u]

 

 DEPARTMENT OF THE TREASURY

 

 Internal Revenue Service

 

 26 CFR Parts 1, 20,and 25

 

 Treasury Decision 8886

 

 RIN 1545-AX07

 

 

[1] AGENCY: Internal Revenue Service (IRS), Treasury.

[2] ACTION: Final regulations.

[3] SUMMARY: This document contains final regulations relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. These regulations will effect the valuation of inter vivos and testamentary transfers of interests dependent on one or more measuring lives. Section 7520 of the Internal Revenue Code of 1986 (Code) was enacted by section 5031 of the Technical and Miscellaneous Revenue Act of 1988 and was effective on May 1, 1989. These regulations are necessary because section 7520(c)(3) directs the Secretary to revise the actuarial tables used in valuing interests dependent on mortality experience not less frequently than once each 10 years to take into account the most recent mortality experience available as of the time of the revision. This document contains amendments to the regulations revising certain tables used for the valuation of partial interests in property under section 7520 to reflect the most recent mortality experience available.

[4] DATES: These regulations are effective June 12, 2000.

[5] FOR FURTHER INFORMATION CONTACT: William L. Blodgett, (202) 622-3090 (not a toll-free number).

SUPPLEMENTARY INFORMATION:

Background

[6] On April 30, 1999, the IRS published in the Federal Register (64 FR 23187 and 64 FR 23245) temporary regulations and a notice of proposed rulemaking by cross reference to temporary regulations (REG-103851-99) under sections 642, 664, 2031, 2512, and 7520 relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. No written comments responding to the notice of proposed rulemaking by cross reference to temporary regulations were received and, thus, no hearing was held. This document adopts, with no substantive changes, final regulations with respect to this notice of proposed rulemaking by cross reference to temporary regulations.

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

                CROSS REFERENCE TO REGULATION SECTIONS

 

 

       Valuation        Interest        Regulation

 

         Period           Rate           Section         Table

 

       _________        ________        __________       _____

 

 SECTION 642:

 

 

 Valuation, in general       -       1.642(c)-6

 

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

 

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

 

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

 

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

 

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

 

                                                      (05/01/89 -

 

                                                      4/30/99)

 

    after 04/30/99     section 7520  1.642(c)-6(e)    Table S

 

                                                      (after 04/30/99)

 

 

 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  section 7520  1.664-4A(e)      Table U(1)

 

                                                      (05/01/89 -

 

                                                      4/30/99)

 

   after 04/30/99      section 7520  1.664-4(e)(6)    Table D and

 

                                                      Tables F(4.2) -

 

                                                      F(14.0)

 

                                     1.664-4(e)(7)    Table U(1)

 

                                                      (after 04/30/99)

 

 

 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  section 7520  20.2031-7A(e)    Table S

 

                                                      (05/01/89 -

 

                                                      4/30/99)

 

                                                      Life Table

 

                                                      80CNSMT

 

     after 04/30/99    section 7520  20.2031-7(d)(6)  Table B, Table J,

 

                                                      Table K

 

                                     20.2031-7(d)(7)  Table S (after

 

                                                      04/30/99) and

 

                                                      Life Table 90CM

 

 

 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  section 7520  25.2512-5A(e)

 

    after 04/30/99     section 7520  25.2512-5(d)

 

 

Effective Dates

[8] These regulations are applicable in the case of annuities, interests for life or terms of years, and remainder or reversionary interests created after April 30, 1999.

Special Analysis

[9] It has been determined that this Treasury decision is not a significant regulatory action as defined in Executive Order 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because these regulations do not impose a collection of information requirement on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Therefore, a Regulatory Flexibility Analysis is not required. Pursuant to section 7805(f) of the Internal Revenue Code, the notice of proposed rulemaking by cross reference to temporary regulations was submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business.

Drafting Information

[10] The principal author of these regulations is William L. Blodgett, Office of Assistant Chief Counsel (Passthroughs and Special Industries), IRS. However, other personnel from the IRS and Treasury Department participated in their development.

List of Subjects

26 CFR Part 1

[11] Income taxes, Reporting and recordkeeping requirements.

26 CFR Part 20

[12] Estate taxes, Reporting and recordkeeping requirements.

26 CFR Part 25

[13] Gift taxes, Reporting and recordkeeping requirements.

Adoption of Amendments to the Regulations

[14] Accordingly, 26 CFR parts 1, 20, and 25 are amended as follows:

PART 1 -- INCOME TAXES

Paragraph 1. The authority citation for part 1 is amended by removing the entries for 1.642(c)-6T, 1.664-4T and 1.7520-1T to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

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

SECTION 1.170A-12 VALUATION OF A REMAINDER INTEREST IN REAL PROPERTY FOR CONTRIBUTIONS MADE AFTER JULY 31, 1969.

* * * * *

(b) * * *

(2) COMPUTATION OF DEPRECIATION FACTOR. If the valuation of the remainder interest 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 section 20.2031-7 of this chapter (or for periods before May 1, 1999, section 20.2031-7A) and on the assumption that the property depreciates on a straight-line basis over its estimated useful life. For transfers for which the valuation date is after April 30, 1999, special factors for determining the present value of a remainder interest following one life and an example describing the computation is contained in Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (7-1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. For transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, special factors for determining the present value of a remainder interest following one life and an example describing the computation is contained in Internal Revenue Service Publication 1459, "Actuarial Values, Gamma Volume," (8-89). This publication is no longer available for purchase from the Superintendent of Documents. However, it may be obtained by requesting a copy from: CC:DOM:CORP:R (IRS Publication 1459), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. See, however, section 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 omitted]

(3) EXAMPLE. The following example illustrates the provisions of this paragraph (b):

EXAMPLE. A, who is 62, donates to Y University a remainder interest in a personal residence, consisting of a house and land, subject to a reserved life estate in A. At the time of the gift, the land has a value of $30,000 and the house has a value of $100,000 with an estimated useful life of 45 years, at the end of which the value of the house is expected to be $20,000. The portion of the property considered to be depreciable is $80,000 (the value of the house ($100,000) less its expected value at the end of 45 years ($20,000)). The portion of the property considered to be nondepreciable is $50,000 (the value of the land at the time of the gift ($30,000) plus the expected value of the house at the end of 45 years ($20,000)). At the time of the gift, the interest rate prescribed under section 7520 is 8.4 percent. Based on an interest rate of 8.4 percent, the remainder factor for $1.00 prescribed in section 20.2031-7(d) of this chapter for a person age 62 is 0.27925. The value of the nondepreciable remainder interest is $13,962.50 (0.27925 times $50,000). The value of the depreciable remainder interest is $16,148.80 (0.20186, computed under the formula described in paragraph (b)(2) of this section, times $80,000). Therefore, the value of the remainder interest is $30,111.30.

* * * * *

Section 1.170A-12T [Removed]

Par. 3. Section 1.170A-12T is removed.

Par. 4 - 5. Section 1.642(c)-6 is amended by revising paragraphs (d), (e) and (f) to read as follows:

SECTION 1.642(c)-6 VALUATION OF A REMAINDER INTEREST IN PROPERTY TRANSFERRED TO A POOLED INCOME FUND.

* * * * *

(d) VALUATION. The present value of the remainder interest in property transferred to a pooled income fund after April 30, 1999, is determined under paragraph (e) of this section. The present value of the remainder interest in property transferred to a pooled income fund for which the valuation date is before May 1, 1999, is determined under the following sections:

     Valuation Dates

 

    _______________               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)

 

 

(e) PRESENT VALUE OF THE REMAINDER INTEREST IN THE CASE OF TRANSFERS TO POOLED INCOME FUNDS FOR WHICH THE VALUATION DATE IS AFTER APRIL 30, 1999 -- (1) IN GENERAL. In the case of transfers to pooled income funds for which the valuation date is after April 30, 1999, the present value of a remainder interest is determined under this section. See, however, section 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). The present value of a remainder interest that is dependent on the termination of the life of one individual is computed by the use of Table S in paragraph (e)(6) of this section. For purposes of the computations under this section, the age of an individual is the age at the individual's nearest birthday.

(2) TRANSITIONAL RULES FOR VALUATION OF TRANSFERS TO POOLED INCOME FUNDS. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died after April 30, 1999, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency after April 30, 1999, the present value of a remainder interest is determined as if the valuation date with respect to the decedent's gross estate is either before May 1, 1999, or after April 30, 1999, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a pooled income fund for which the valuation date is after April 30, 1999, and before July 1, 1999, the present value of the remainder interest under this section is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (see sections 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(6) of this section or section 1.642(c)-6A(e)(5), at the option of the donor or the decedent's executor, as the case may be.

(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(6) of this section or section 1.642(c)-6A(e)(5), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(3) PRESENT VALUE OF A REMAINDER INTEREST. The present value of a remainder interest in property transferred to a pooled income fund is computed on the basis of --

(i) Life contingencies determined from the values of lx that are set forth in Table 90CM in section 20.2031-7(d)(7) of this chapter (see section 20.2031-7A of this chapter for certain prior periods); and

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

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

(5) COMPUTATION OF VALUE OF REMAINDER INTEREST. The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (e)(6) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based (see section 1.642(c)-6A for certain prior periods). The tables in paragraph (e)(6) of this section include factors for yearly rates of return from 4.2 to 14 percent. Many actuarial factors not contained in the tables in paragraph (e)(6) of this section are contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. For other situations, see paragraph (b) of this section. If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. This paragraph (e)(5) may be illustrated by the following example:

EXAMPLE. A, who is 54 years and 8 months, transfers $100,000 to a pooled income fund, and retains a life income interest in the property. The highest yearly rate of return earned by the fund for its 3 preceding taxable years is 9.47 percent. In Table S, the remainder factor opposite 55 years under 9.4 percent is .17449 and under 9.6 percent is .17001. The present value of the remainder interest is $17,292.00, computed as follows:

 Factor at 9.4 percent for age 55           .17449 Factor at 9.6 percent for age 55           .17001 ______ Difference                                 .00448

 

 

 Interpolation adjustment:

 

 

 9.47% - 9.4%        x ____________  =   ______ 0.2%         .00448

 

 

 x =  .00157

 

 

 Factor at 9.4 percent for age 55                .17449 Less: Interpolation adjustment                  .00157 ______ Interpolated factor                             .17292

 

 

 Present value of remainder interest:

 

 

 ($100,000  X  .17292)                  $17,292.00

 

 

(6) ACTUARIAL TABLES. In the case of transfers for which the valuation date is after April 30, 1999, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following Table S:

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE      4.2%      4.4%      4.6%      4.8%      5.0%      5.2%

 

 ____________________________________________________________________

 

 0     .06752    .06130    .05586    .05109    .04691    .04322

 

 1     .06137    .05495    .04932    .04438    .04003    .03620

 

 2     .06325    .05667    .05088    .04580    .04132    .03737

 

 3     .06545    .05869    .05275    .04752    .04291    .03883

 

 4     .06784    .06092    .05482    .04944    .04469    .04048

 

 5     .07040    .06331    .05705    .05152    .04662    .04229

 

 6     .07310    .06583    .05941    .05372    .04869    .04422

 

 7     .07594    .06849    .06191    .05607    .05089    .04628

 

 8     .07891    .07129    .06453    .05853    .05321    .04846

 

 9     .08203    .07423    .06731    .06115    .05567    .05079

 

 10     .08532    .07734    .07024    .06392    .05829    .05326

 

 11     .08875    .08059    .07331    .06683    .06104    .05587

 

 12     .09233    .08398    .07653    .06989    .06394    .05862

 

 13     .09601    .08748    .07985    .07304    .06693    .06146

 

 14     .09974    .09102    .08322    .07624    .06997    .06435

 

 15     .10350    .09460    .08661    .07946    .07303    .06725

 

 16     .10728    .09818    .09001    .08268    .07608    .07014

 

 17     .11108    .10179    .09344    .08592    .07916    .07306

 

 18     .11494    .10545    .09691    .08921    .08227    .07601

 

 19     .11889    .10921    .10047    .09259    .08548    .07904

 

 20     .12298    .11310    .10417    .09610    .08881    .08220

 

 21     .12722    .11713    .10801    .09976    .09228    .08550

 

 22     .13159    .12130    .11199    .10354    .09588    .08893

 

 23     .13613    .12563    .11612    .10748    .09964    .09250

 

 24     .14084    .13014    .12043    .11160    .10357    .09625

 

 25     .14574    .13484    .12493    .11591    .10768    .10018

 

 26     .15084    .13974    .12963    .12041    .11199    .10431

 

 27     .15615    .14485    .13454    .12513    .11652    .10865

 

 28     .16166    .15016    .13965    .13004    .12124    .11319

 

 29     .16737    .15567    .14497    .13516    .12617    .11792

 

 30     .17328    .16138    .15048    .14047    .13129    .12286

 

 31     .17938    .16728    .15618    .14599    .13661    .12799

 

 32     .18568    .17339    .16210    .15171    .14214    .13333

 

 33     .19220    .17972    .16824    .15766    .14790    .13889

 

 34     .19894    .18627    .17460    .16383    .15388    .14468

 

 35     .20592    .19307    .18121    .17025    .16011    .15073

 

 36     .21312    .20010    .18805    .17691    .16658    .15701

 

 37     .22057    .20737    .19514    .18382    .17331    .16356

 

 38     .22827    .21490    .20251    .19100    .18031    .17038

 

 39     .23623    .22270    .21013    .19845    .18759    .17747

 

 40     .24446    .23078    .21805    .20620    .19516    .18487

 

 41     .25298    .23915    .22626    .21425    .20305    .19259

 

 42     .26178    .24782    .23478    .22262    .21125    .20062

 

 43     .27087    .25678    .24360    .23129    .21977    .20898

 

 44     .28025    .26603    .25273    .24027    .22860    .21766

 

 45     .28987    .27555    .26212    .24953    .23772    .22664

 

 46     .29976    .28533    .27179    .25908    .24714    .23591

 

 47     .30987    .29535    .28171    .26889    .25682    .24546

 

 48     .32023    .30563    .29190    .27897    .26678    .25530

 

 49     .33082    .31615    .30234    .28931    .27702    .26543

 

 50     .34166    .32694    .31306    .29995    .28756    .27586

 

 51     .35274    .33798    .32404    .31085    .29838    .28658

 

 52     .36402    .34924    .33525    .32200    .30946    .29757

 

 53     .37550    .36070    .34668    .33339    .32078    .30882

 

 54     .38717    .37237    .35833    .34500    .33234    .32031

 

 55     .39903    .38424    .37019    .35683    .34413    .33205

 

 56     .41108    .39631    .38227    .36890    .35617    .34405

 

 57     .42330    .40857    .39455    .38118    .36844    .35629

 

 58     .43566    .42098    .40699    .39364    .38089    .36873

 

 59     .44811    .43351    .41956    .40623    .39350    .38133

 

 60     .46066    .44613    .43224    .41896    .40624    .39408

 

 61     .47330    .45887    .44505    .43182    .41914    .40699

 

 62     .48608    .47175    .45802    .44485    .43223    .42011

 

 63     .49898    .48478    .47115    .45807    .44550    .43343

 

 64     .51200    .49793    .48442    .47143    .45895    .44694

 

 65     .52512    .51121    .49782    .48495    .47255    .46062

 

 66     .53835    .52461    .51137    .49862    .48634    .47449

 

 67     .55174    .53818    .52511    .51250    .50034    .48860

 

 68     .56524    .55188    .53899    .52654    .51452    .50291

 

 69     .57882    .56568    .55299    .54071    .52885    .51737

 

 70     .59242    .57951    .56703    .55495    .54325    .53193

 

 71     .60598    .59332    .58106    .56918    .55767    .54651

 

 72     .61948    .60707    .59504    .58338    .57206    .56108

 

 73     .63287    .62073    .60895    .59751    .58640    .57561

 

 74     .64621    .63435    .62282    .61162    .60073    .59015

 

 75     .65953    .64796    .63671    .62575    .61510    .60473

 

 76     .67287    .66160    .65063    .63995    .62954    .61940

 

 77     .68622    .67526    .66459    .65419    .64404    .63415

 

 78     .69954    .68892    .67856    .66845    .65858    .64895

 

 79     .71278    .70250    .69246    .68265    .67308    .66372

 

 80     .72581    .71588    .70618    .69668    .68740    .67833

 

 81     .73857    .72899    .71962    .71045    .70147    .69268

 

 82     .75101    .74178    .73274    .72389    .71522    .70672

 

 83     .76311    .75423    .74553    .73700    .72864    .72044

 

 84     .77497    .76645    .75809    .74988    .74183    .73393

 

 85     .78665    .77848    .77047    .76260    .75487    .74728

 

 86     .79805    .79025    .78258    .77504    .76764    .76036

 

 87     .80904    .80159    .79427    .78706    .77998    .77301

 

 88     .81962    .81251    .80552    .79865    .79188    .78521

 

 89     .82978    .82302    .81636    .80980    .80335    .79699

 

 90     .83952    .83309    .82676    .82052    .81437    .80831

 

 91     .84870    .84260    .83658    .83064    .82479    .81902

 

 92     .85716    .85136    .84563    .83998    .83441    .82891

 

 93     .86494    .85942    .85396    .84858    .84326    .83801

 

 94     .87216    .86690    .86170    .85657    .85149    .84648

 

 95     .87898    .87397    .86902    .86412    .85928    .85450

 

 96     .88537    .88060    .87587    .87121    .86659    .86203

 

 97     .89127    .88672    .88221    .87775    .87335    .86898

 

 98     .89680    .89245    .88815    .88389    .87968    .87551

 

 99     .90217    .89803    .89393    .88987    .88585    .88187

 

 100     .90738   .90344    .89953    .89567    .89183    .88804

 

 101     .91250   .90876    .90504    .90137    .89772    .89412

 

 102     .91751   .91396    .91045    .90696    .90350    .90007

 

 103     .92247   .91912    .91579    .91249    .90922    .90598

 

 104     .92775   .92460    .92148    .91839    .91532    .91227

 

 105     .93290   .92996    .92704    .92415    .92127    .91841

 

 106     .93948   .93680    .93415    .93151    .92889    .92628

 

 107     .94739   .94504    .94271    .94039    .93808    .93579

 

 108     .95950   .95767    .95585    .95404    .95224    .95045

 

 109     .97985   .97893    .97801    .97710    .97619    .97529

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE       5.4%     5.6%      5.8%      6.0%

 

 ____________________________________________________________________

 

 0      .03998   .03711    .03458    .03233

 

 1      .03283   .02985    .02721    .02487

 

 2      .03388   .03079    .02806    .02563

 

 3      .03523   .03203    .02920    .02668

 

 4      .03676   .03346    .03052    .02791

 

 5      .03845   .03503    .03199    .02928

 

 6      .04025   .03672    .03357    .03076

 

 7      .04219   .03854    .03528    .03236

 

 8      .04424   .04046    .03709    .03407

 

 9      .04643   .04253    .03904    .03592

 

 10      .04877   .04474    .04114    .03790

 

 11      .05124   .04709    .04336    .04002

 

 12      .05385   .04957    .04572    .04226

 

 13      .05655   .05214    .04816    .04458

 

 14      .05929   .05474    .05064    .04694

 

 15      .06204   .05735    .05312    .04930

 

 16      .06479   .05996    .05559    .05164

 

 17      .06755   .06257    .05807    .05399

 

 18      .07034   .06521    .06057    .05636

 

 19      .07322   .06794    .06315    .05880

 

 20      .07622   .07078    .06584    .06135

 

 21      .07935   .07375    .06866    .06403

 

 22      .08260   .07685    .07160    .06682

 

 23      .08601   .08009    .07468    .06975

 

 24      .08958   .08349    .07793    .07284

 

 25      .09334   .08708    .08135    .07611

 

 26      .09728   .09085    .08496    .07956

 

 27      .10144   .09484    .08878    .08322

 

 28      .10580   .09901    .09279    .08706

 

 29      .11035   .10339    .09699    .09109

 

 30      .11510   .10796    .10138    .09532

 

 31      .12004   .11272    .10597    .09974

 

 32      .12520   .11769    .11076    .10435

 

 33      .13058   .12289    .11578    .10920

 

 34      .13618   .12831    .12102    .11426

 

 35      .14204   .13399    .12652    .11958

 

 36      .14814   .13990    .13225    .12514

 

 37      .15450   .14608    .13825    .13096

 

 38      .16113   .15253    .14452    .13705

 

 39      .16805   .15927    .15108    .14344

 

 40      .17527   .16631    .15795    .15013

 

 41      .18282   .17368    .16514    .15715

 

 42      .19069   .18138    .17267    .16450

 

 43      .19888   .18941    .18053    .17220

 

 44      .20740   .19777    .18873    .18023

 

 45      .21622   .20644    .19724    .18858

 

 46      .22536   .21542    .20606    .19725

 

 47      .23476   .22468    .21518    .20621

 

 48      .24447   .23425    .22460    .21549

 

 49      .25447   .24412    .23434    .22509

 

 50      .26479   .25432    .24441    .23502

 

 51      .27541   .26482    .25479    .24528

 

 52      .28630   .27561    .26547    .25584

 

 53      .29746   .28667    .27643    .26669

 

 54      .30888   .29801    .28766    .27782

 

 55      .32056   .30961    .29918    .28925

 

 56      .33250   .32149    .31099    .30097

 

 57      .34469   .33363    .32306    .31297

 

 58      .35710   .34600    .33538    .32522

 

 59      .36968   .35855    .34789    .33768

 

 60      .38243   .37127    .36058    .35033

 

 61      .39535   .38418    .37347    .36318

 

 62      .40848   .39732    .38660    .37629

 

 63      .42184   .41069    .39997    .38966

 

 64      .43539   .42427    .41357    .40326

 

 65      .44912   .43805    .42738    .41709

 

 66      .46307   .45206    .44143    .43118

 

 67      .47727   .46633    .45576    .44556

 

 68      .49168   .48083    .47034    .46020

 

 69      .50627   .49552    .48513    .47506

 

 70      .52096   .51034    .50004    .49007

 

 71      .53569   .52520    .51503    .50516

 

 72      .55043   .54009    .53004    .52029

 

 73      .56513   .55495    .54505    .53543

 

 74      .57985   .56984    .56009    .55061

 

 75      .59463   .58480    .57523    .56591

 

 76      .60952   .59989    .59050    .58135

 

 77      .62450   .61509    .60590    .59694

 

 78      .63955   .63036    .62140    .61264

 

 79      .65457   .64563    .63690    .62836

 

 80      .66945   .66077    .65227    .64396

 

 81      .68408   .67566    .66741    .65933

 

 82      .69840   .69024    .68225    .67441

 

 83      .71240   .70451    .69678    .68919

 

 84      .72618   .71857    .71110    .70377

 

 85      .73982   .73250    .72530    .71823

 

 86      .75320   .74617    .73925    .73245

 

 87      .76615   .75940    .75277    .74624

 

 88      .77865   .77220    .76584    .75958

 

 89      .79072   .78455    .77847    .77248

 

 90      .80234   .79645    .79064    .78492

 

 91      .81332   .80771    .80217    .79671

 

 92      .82348   .81812    .81283    .80761

 

 93      .83283   .82771    .82266    .81767

 

 94      .84153   .83664    .83181    .82704

 

 95      .84977   .84510    .84049    .83592

 

 96      .85751   .85305    .84864    .84427

 

 97      .86467   .86040    .85618    .85200

 

 98      .87138   .86730    .86326    .85926

 

 99      .87793   .87402    .87016    .86633

 

 100     .88428   .88056    .87687    .87322

 

 101     .89054   .88699    .88348    .88000

 

 102     .89668   .89331    .88997    .88666

 

 103     .90276   .89957    .89640    .89326

 

 104     .90924   .90624    .90326    .90031

 

 105     .91558   .91276    .90997    .90719

 

 106     .92370   .92113    .91857    .91604

 

 107     .93351   .93124    .92899    .92675

 

 108     .94867   .94689    .94512    .94336

 

 109     .97438   .97348    .97259    .97170

 

 ____________________________________________________________________

 

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE      6.2%      6.4%      6.6%      6.8%      7.0%      7.2%

 

 ____________________________________________________________________

 

 0     .03034    .02857    .02700    .02559    .02433    .02321

 

 1     .02279    .02094    .01929    .01782    .01650    .01533

 

 2     .02347    .02155    .01983    .01829    .01692    .01569

 

 3     .02444    .02243    .02065    .01905    .01761    .01632

 

 4     .02558    .02349    .02163    .01996    .01846    .01712

 

 5     .02686    .02469    .02275    .02101    .01945    .01804

 

 6     .02825    .02600    .02398    .02217    .02053    .01906

 

 7     .02976    .02742    .02532    .02343    .02172    .02019

 

 8     .03137    .02894    .02675    .02479    .02301    .02140

 

 9     .03311    .03059    .02832    .02627    .02442    .02274

 

 10     .03499    .03237    .03001    .02788    .02595    .02420

 

 11     .03700    .03428    .03183    .02961    .02760    .02578

 

 12     .03913    .03632    .03377    .03146    .02937    .02748

 

 13     .04135    .03843    .03579    .03339    .03122    .02924

 

 14     .04359    .04057    .03783    .03534    .03308    .03102

 

 15     .04584    .04270    .03986    .03728    .03493    .03279

 

 16     .04806    .04482    .04187    .03919    .03674    .03452

 

 17     .05029    .04692    .04387    .04108    .03855    .03623

 

 18     .05253    .04905    .04588    .04299    .04036    .03795

 

 19     .05484    .05124    .04796    .04496    .04222    .03972

 

 20     .05726    .05354    .05013    .04702    .04418    .04158

 

 21     .05980    .05595    .05242    .04920    .04625    .04354

 

 22     .06246    .05847    .05482    .05147    .04841    .04559

 

 23     .06524    .06112    .05734    .05387    .05069    .04777

 

 24     .06819    .06392    .06001    .05642    .05312    .05008

 

 25     .07131    .06690    .06285    .05913    .05570    .05255

 

 26     .07460    .07005    .06586    .06200    .05845    .05518

 

 27     .07810    .07340    .06907    .06508    .06140    .05800

 

 28     .08179    .07693    .07246    .06833    .06451    .06098

 

 29     .08566    .08065    .07603    .07176    .06780    .06414

 

 30     .08973    .08456    .07978    .07536    .07127    .06748

 

 31     .09398    .08865    .08372    .07915    .07491    .07098

 

 32     .09843    .09294    .08785    .08313    .07875    .07468

 

 33     .10310    .09745    .09220    .08732    .08279    .07858

 

 34     .10799    .10217    .09676    .09173    .08705    .08269

 

 35     .11314    .10715    .10157    .09638    .09155    .08704

 

 36     .11852    .11236    .10662    .10127    .09628    .09162

 

 37     .12416    .11783    .11193    .10641    .10126    .09645

 

 38     .13009    .12359    .11751    .11183    .10652    .10155

 

 39     .13629    .12962    .12338    .11753    .11206    .10693

 

 40     .14281    .13597    .12955    .12355    .11791    .11262

 

 41     .14966    .14264    .13606    .12989    .12409    .11864

 

 42     .15685    .14966    .14291    .13657    .13061    .12500

 

 43     .16437    .15702    .15010    .14360    .13747    .13171

 

 44     .17224    .16472    .15764    .15098    .14469    .13876

 

 45     .18042    .17274    .16550    .15867    .15223    .14615

 

 46     .18893    .18110    .17370    .16671    .16011    .15387

 

 47     .19775    .18975    .18220    .17505    .16830    .16190

 

 48     .20688    .19873    .19102    .18373    .17682    .17027

 

 49     .21633    .20804    .20018    .19274    .18568    .17898

 

 50     .22612    .21769    .20969    .20210    .19490    .18805

 

 51     .23625    .22769    .21955    .21182    .20448    .19749

 

 52     .24669    .23799    .22973    .22186    .21438    .20726

 

 53     .25742    .24861    .24022    .23222    .22461    .21735

 

 54     .26845    .25952    .25101    .24290    .23516    .22777

 

 55     .27978    .27074    .26212    .25389    .24604    .23853

 

 56     .29140    .28227    .27355    .26522    .25725    .24963

 

 57     .30333    .29411    .28529    .27686    .26879    .26106

 

 58     .31551    .30621    .29731    .28878    .28061    .27278

 

 59     .32790    .31854    .30956    .30095    .29269    .28477

 

 60     .34050    .33107    .32202    .31334    .30500    .29699

 

 61     .35331    .34384    .33473    .32598    .31757    .30948

 

 62     .36639    .35688    .34772    .33892    .33044    .32229

 

 63     .37974    .37020    .36101    .35216    .34363    .33542

 

 64     .39334    .38378    .37456    .36568    .35711    .34884

 

 65     .40718    .39761    .38838    .37947    .37087    .36257

 

 66     .42128    .41172    .40249    .39357    .38496    .37663

 

 67     .43569    .42616    .41694    .40803    .39941    .39107

 

 68     .45038    .44089    .43170    .42281    .41419    .40585

 

 69     .46531    .45587    .44672    .43786    .42927    .42094

 

 70     .48040    .47103    .46194    .45312    .44456    .43626

 

 71     .49558    .48629    .47727    .46851    .46000    .45174

 

 72     .51082    .50162    .49268    .48399    .47554    .46733

 

 73     .52607    .51697    .50813    .49952    .49114    .48299

 

 74     .54139    .53241    .52367    .51515    .50686    .49879

 

 75     .55683    .54798    .53936    .53095    .52276    .51477

 

 76     .57243    .56373    .55524    .54696    .53888    .53100

 

 77     .58819    .57965    .57132    .56318    .55523    .54747

 

 78     .60408    .59572    .58755    .57957    .57177    .56414

 

 79     .62001    .61184    .60385    .59604    .58840    .58092

 

 80     .63582    .62786    .62007    .61244    .60497    .59765

 

 81     .65142    .64367    .63608    .62864    .62135    .61421

 

 82     .66673    .65920    .65182    .64458    .63748    .63052

 

 83     .68175    .67444    .66728    .66024    .65334    .64656

 

 84     .69657    .68950    .68256    .67574    .66904    .66246

 

 85     .71128    .70446    .69775    .69116    .68467    .67830

 

 86     .72576    .71919    .71272    .70636    .70010    .69394

 

 87     .73981    .73349    .72726    .72114    .71511    .70917

 

 88     .75342    .74735    .74137    .73548    .72968    .72396

 

 89     .76658    .76076    .75503    .74938    .74381    .73832

 

 90     .77928    .77371    .76823    .76281    .75748    .75221

 

 91     .79131    .78600    .78075    .77557    .77046    .76542

 

 92     .80246    .79737    .79235    .78740    .78250    .77767

 

 93     .81274    .80788    .80307    .79832    .79363    .78899

 

 94     .82232    .81766    .81306    .80850    .80401    .79956

 

 95     .83141    .82695    .82254    .81818    .81387    .80961

 

 96     .83996    .83569    .83147    .82729    .82316    .81907

 

 97     .84787    .84378    .83973    .83573    .83176    .82784

 

 98     .85530    .85138    .84750    .84366    .83985    .83609

 

 99     .86255    .85880    .85508    .85140    .84776    .84415

 

 100    .86960    .86601    .86246    .85894    .85546    .85200

 

 101    .87655    .87313    .86974    .86638    .86305    .85975

 

 102    .88338    .88012    .87689    .87369    .87052    .86738

 

 103    .89015    .88706    .88399    .88095    .87793    .87494

 

 104    .89737    .89446    .89157    .88871    .88586    .88304

 

 105    .90443    .90170    .89898    .89628    .89360    .89094

 

 106    .91351    .91101    .90852    .90605    .90359    .90115

 

 107    .92452    .92230    .92010    .91791    .91573    .91356

 

 108    .94161    .93987    .93814    .93641    .93469    .93298

 

 109    .97081    .96992    .96904    .96816    .96729    .96642

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE      7.4%      7.6%      7.8%      8.0%

 

 ____________________________________________________________________

 

 0     .02220    .02129    .02047    .01973

 

 1     .01427    .01331    .01246    .01168

 

 2     .01458    .01358    .01268    .01187

 

 3     .01516    .01412    .01317    .01232

 

 4     .01590    .01481    .01382    .01292

 

 5     .01677    .01562    .01458    .01364

 

 6     .01773    .01653    .01544    .01445

 

 7     .01880    .01754    .01640    .01536

 

 8     .01995    .01864    .01744    .01635

 

 9     .02122    .01985    .01859    .01745

 

 10     .02262    .02118    .01987    .01867

 

 11     .02413    .02262    .02125    .02000

 

 12     .02575    .02418    .02275    .02144

 

 13     .02744    .02580    .02431    .02294

 

 14     .02915    .02744    .02587    .02444

 

 15     .03083    .02905    .02742    .02593

 

 16     .03248    .03063    .02892    .02736

 

 17     .03411    .03218    .03040    .02877

 

 18     .03574    .03373    .03187    .03017

 

 19     .03742    .03532    .03339    .03161

 

 20     .03919    .03700    .03498    .03313

 

 21     .04105    .03877    .03667    .03473

 

 22     .04301    .04063    .03844    .03642

 

 23     .04508    .04260    .04032    .03821

 

 24     .04728    .04470    .04232    .04012

 

 25     .04964    .04695    .04447    .04218

 

 26     .05215    .04936    .04677    .04438

 

 27     .05485    .05195    .04925    .04676

 

 28     .05772    .05469    .05189    .04929

 

 29     .06075    .05761    .05469    .05198

 

 30     .06396    .06069    .05766    .05483

 

 31     .06733    .06394    .06078    .05785

 

 32     .07089    .06737    .06409    .06103

 

 33     .07466    .07100    .06759    .06441

 

 34     .07862    .07483    .07129    .06798

 

 35     .08283    .07890    .07522    .07179

 

 36     .08726    .08319    .07938    .07581

 

 37     .09194    .08772    .08377    .08006

 

 38     .09689    .09253    .08843    .08459

 

 39     .10212    .09761    .09337    .08938

 

 40     .10766    .10299    .09860    .09447

 

 41     .11352    .10870    .10417    .09989

 

 42     .11972    .11475    .11006    .10564

 

 43     .12627    .12115    .11631    .11174

 

 44     .13317    .12789    .12290    .11819

 

 45     .14040    .13496    .12982    .12496

 

 46     .14796    .14238    .13708    .13207

 

 47     .15584    .15010    .14466    .13950

 

 48     .16406    .15817    .15258    .14727

 

 49     .17262    .16658    .16084    .15539

 

 50     .18155    .17536    .16948    .16388

 

 51     .19084    .18452    .17849    .17275

 

 52     .20047    .19400    .18784    .18196

 

 53     .21043    .20383    .19753    .19151

 

 54     .22072    .21399    .20756    .20140

 

 55     .23136    .22450    .21793    .21166

 

 56     .24233    .23535    .22867    .22227

 

 57     .25365    .24656    .23976    .23324

 

 58     .26528    .25807    .25116    .24453

 

 59     .27716    .26986    .26284    .25610

 

 60     .28929    .28190    .27478    .26794

 

 61     .30170    .29422    .28701    .28007

 

 62     .31443    .30687    .29958    .29255

 

 63     .32750    .31986    .31250    .30539

 

 64     .34087    .33317    .32574    .31857

 

 65     .35455    .34681    .33932    .33208

 

 66     .36858    .36079    .35326    .34597

 

 67     .38299    .37518    .36761    .36028

 

 68     .39777    .38994    .38235    .37499

 

 69     .41286    .40503    .39743    .39006

 

 70     .42820    .42038    .41278    .40540

 

 71     .44371    .43591    .42832    .42095

 

 72     .45934    .45157    .44401    .43666

 

 73     .47506    .46733    .45981    .45249

 

 74     .49092    .48325    .47578    .46849

 

 75     .50698    .49938    .49197    .48474

 

 76     .52330    .51579    .50846    .50130

 

 77     .53988    .53247    .52523    .51815

 

 78     .55668    .54939    .54225    .53527

 

 79     .57360    .56644    .55943    .55256

 

 80     .59048    .58347    .57659    .56985

 

 81     .60721    .60034    .59361    .58701

 

 82     .62368    .61698    .61041    .60395

 

 83     .63991    .63338    .62696    .62066

 

 84     .65599    .64964    .64340    .63727

 

 85     .67204    .66587    .65982    .65386

 

 86     .68789    .68193    .67606    .67029

 

 87     .70333    .69757    .69190    .68632

 

 88     .71833    .71279    .70732    .70194

 

 89     .73290    .72757    .72231    .71712

 

 90     .74702    .74190    .73684    .73186

 

 91     .76044    .75553    .75068    .74589

 

 92     .77290    .76818    .76353    .75893

 

 93     .78441    .77989    .77542    .77100

 

 94     .79517    .79082    .78653    .78228

 

 95     .80539    .80122    .79710    .79302

 

 96     .81503    .81103    .80707    .80315

 

 97     .82396    .82012    .81632    .81255

 

 98     .83236    .82867    .82502    .82140

 

 99     .84057    .83703    .83353    .83005

 

 100    .84858    .84519    .84183    .83849

 

 101    .85648    .85324    .85003    .84684

 

 102    .86426    .86116    .85809    .85505

 

 103    .87197    .86903    .86611    .86321

 

 104    .88024    .87745    .87469    .87195

 

 105    .88830    .88568    .88307    .88049

 

 106    .89873    .89632    .89392    .89154

 

 107    .91141    .90927    .90714    .90502

 

 108    .93128    .92958    .92790    .92622

 

 109    .96555    .96468    .96382    .96296

 

 ____________________________________________________________________

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE      8.2%      8.4%      8.6%      8.8%      9.0%      9.2%

 

 ____________________________________________________________________

 

 0     .01906    .01845    .01790    .01740    .01694    .01652

 

 1     .01098    .01034    .00977    .00924    .00876    .00833

 

 2     .01113    .01046    .00986    .00930    .00880    .00834

 

 3     .01155    .01084    .01020    .00962    .00909    .00860

 

 4     .01211    .01137    .01069    .01008    .00952    .00900

 

 5     .01279    .01201    .01130    .01065    .01006    .00952

 

 6     .01356    .01274    .01199    .01131    .01068    .01011

 

 7     .01442    .01356    .01277    .01205    .01140    .01079

 

 8     .01536    .01446    .01363    .01287    .01218    .01154

 

 9     .01641    .01546    .01460    .01380    .01307    .01240

 

 10     .01758    .01659    .01567    .01484    .01407    .01336

 

 11     .01886    .01781    .01686    .01598    .01517    .01442

 

 12     .02024    .01915    .01814    .01721    .01636    .01558

 

 13     .02168    .02054    .01948    .01851    .01762    .01679

 

 14     .02313    .02193    .02083    .01981    .01887    .01801

 

 15     .02456    .02330    .02214    .02107    .02009    .01918

 

 16     .02593    .02462    .02340    .02229    .02126    .02030

 

 17     .02728    .02590    .02463    .02346    .02238    .02138

 

 18     .02861    .02717    .02584    .02462    .02348    .02243

 

 19     .02998    .02847    .02708    .02580    .02461    .02351

 

 20     .03142    .02984    .02839    .02704    .02580    .02465

 

 21     .03295    .03130    .02978    .02837    .02706    .02585

 

 22     .03455    .03283    .03124    .02976    .02839    .02712

 

 23     .03626    .03446    .03279    .03124    .02981    .02847

 

 24     .03809    .03620    .03446    .03283    .03133    .02993

 

 25     .04005    .03808    .03625    .03456    .03298    .03151

 

 26     .04216    .04010    .03819    .03641    .03476    .03322

 

 27     .04444    .04229    .04029    .03843    .03670    .03508

 

 28     .04687    .04463    .04254    .04059    .03877    .03708

 

 29     .04946    .04712    .04493    .04289    .04099    .03922

 

 30     .05221    .04976    .04748    .04534    .04335    .04149

 

 31     .05511    .05255    .05017    .04794    .04585    .04390

 

 32     .05818    .05551    .05302    .05069    .04851    .04647

 

 33     .06144    .05866    .05606    .05363    .05135    .04921

 

 34     .06489    .06200    .05928    .05674    .05436    .05212

 

 35     .06857    .06555    .06273    .06007    .05758    .05524

 

 36     .07246    .06932    .06638    .06361    .06101    .05856

 

 37     .07659    .07332    .07025    .06737    .06466    .06210

 

 38     .08098    .07758    .07439    .07138    .06855    .06588

 

 39     .08563    .08210    .07878    .07565    .07270    .06992

 

 40     .09059    .08692    .08347    .08021    .07714    .07423

 

 41     .09586    .09206    .08848    .08509    .08189    .07886

 

 42     .10147    .09753    .09381    .09029    .08696    .08381

 

 43     .10742    .10334    .09948    .09583    .09237    .08909

 

 44     .11373    .10950    .10551    .10172    .09813    .09472

 

 45     .12035    .11599    .11185    .10792    .10420    .10066

 

 46     .12732    .12281    .11853    .11447    .11061    .10694

 

 47     .13460    .12995    .12553    .12133    .11733    .11353

 

 48     .14223    .13743    .13287    .12853    .12439    .12046

 

 49     .15020    .14526    .14056    .13608    .13181    .12774

 

 50     .15855    .15347    .14862    .14401    .13960    .13540

 

 51     .16727    .16205    .15707    .15232    .14777    .14344

 

 52     .17634    .17098    .16587    .16097    .15630    .15183

 

 53     .18576    .18027    .17501    .16999    .16518    .16057

 

 54     .19552    .18990    .18451    .17935    .17441    .16968

 

 55     .20564    .19989    .19437    .18908    .18402    .17915

 

 56     .21613    .21025    .20461    .19919    .19400    .18901

 

 57     .22698    .22098    .21522    .20968    .20436    .19925

 

 58     .23816    .23204    .22616    .22051    .21507    .20984

 

 59     .24962    .24339    .23740    .23163    .22608    .22073

 

 60     .26136    .25502    .24892    .24304    .23738    .23192

 

 61     .27339    .26695    .26075    .25477    .24900    .24343

 

 62     .28578    .27925    .27295    .26687    .26100    .25533

 

 63     .29854    .29192    .28553    .27935    .27339    .26762

 

 64     .31164    .30494    .29846    .29221    .28615    .28030

 

 65     .32508    .31831    .31177    .30543    .29930    .29336

 

 66     .33891    .33208    .32547    .31906    .31285    .30684

 

 67     .35318    .34630    .33963    .33316    .32689    .32081

 

 68     .36785    .36093    .35422    .34770    .34138    .33524

 

 69     .38290    .37595    .36920    .36265    .35628    .35009

 

 70     .39823    .39127    .38450    .37791    .37151    .36529

 

 71     .41378    .40681    .40003    .39343    .38701    .38076

 

 72     .42950    .42253    .41575    .40914    .40271    .39644

 

 73     .44535    .43840    .43162    .42502    .41858    .41231

 

 74     .46139    .45446    .44771    .44112    .43469    .42842

 

 75     .47769    .47080    .46408    .45752    .45111    .44485

 

 76     .49430    .48747    .48079    .47427    .46790    .46167

 

 77     .51123    .50447    .49786    .49139    .48506    .47888

 

 78     .52845    .52177    .51523    .50884    .50257    .49645

 

 79     .54584    .53926    .53282    .52650    .52032    .51426

 

 80     .56325    .55678    .55044    .54423    .53813    .53216

 

 81     .58054    .57419    .56797    .56186    .55587    .54999

 

 82     .59762    .59140    .58530    .57931    .57343    .56766

 

 83     .61448    .60840    .60243    .59657    .59081    .58515

 

 84     .63124    .62531    .61949    .61376    .60813    .60259

 

 85     .64800    .64224    .63657    .63099    .62550    .62010

 

 86     .66461    .65902    .65351    .64810    .64276    .63751

 

 87     .68083    .67541    .67008    .66483    .65965    .65455

 

 88     .69663    .69140    .68624    .68116    .67615    .67121

 

 89     .71201    .70696    .70199    .69708    .69224    .68747

 

 90     .72694    .72209    .71730    .71257    .70791    .70330

 

 91     .74117    .73650    .73190    .72735    .72286    .71842

 

 92     .75439    .74991    .74548    .74110    .73678    .73251

 

 93     .76664    .76233    .75806    .75385    .74969    .74557

 

 94     .77809    .77394    .76983    .76578    .76177    .75780

 

 95     .78899    .78500    .78106    .77715    .77329    .76947

 

 96     .79928    .79544    .79165    .78790    .78418    .78050

 

 97     .80883    .80514    .80149    .79787    .79430    .79075

 

 98     .81781    .81427    .81075    .80727    .80382    .80041

 

 99     .82661    .82320    .81982    .81648    .81316    .80988

 

 100    .83519    .83192    .82868    .82547    .82228    .81913

 

 101    .84368    .84055    .83744    .83437    .83131    .82829

 

 102    .85203    .84904    .84607    .84313    .84021    .83731

 

 103    .86034    .85748    .85465    .85184    .84906    .84629

 

 104    .86923    .86653    .86385    .86119    .85855    .85593

 

 105    .87792    .87537    .87283    .87032    .86782    .86534

 

 106    .88918    .88683    .88450    .88218    .87987    .87758

 

 107    .90291    .90082    .89873    .89666    .89460    .89255

 

 108    .92455    .92288    .92123    .91958    .91794    .91630

 

 109    .96211    .96125    .96041    .95956    .95872    .95788

 

 ____________________________________________________________________

 

 [Table continued]

 

 ____________________________________________________________________

 

 AGE      9.4%      9.6%      9.8%      10.0%

 

 ____________________________________________________________________

 

 0     .01613    .01578    .01546     .01516

 

 1     .00793    .00756    .00722     .00691

 

 2     .00791    .00753    .00717     .00684

 

 3     .00816    .00775    .00737     .00702

 

 4     .00853    .00810    .00770     .00733

 

 5     .00902    .00856    .00814     .00775

 

 6     .00959    .00910    .00865     .00824

 

 7     .01023    .00972    .00925     .00881

 

 8     .01096    .01041    .00991     .00945

 

 9     .01178    .01120    .01068     .01019

 

 10     .01270    .01210    .01154     .01103

 

 11     .01373    .01310    .01251     .01196

 

 12     .01485    .01419    .01357     .01299

 

 13     .01603    .01533    .01467     .01407

 

 14     .01721    .01646    .01578     .01514

 

 15     .01834    .01756    .01684     .01617

 

 16     .01942    .01860    .01785     .01714

 

 17     .02046    .01960    .01880     .01806

 

 18     .02146    .02056    .01972     .01894

 

 19     .02249    .02154    .02066     .01984

 

 20     .02357    .02258    .02165     .02079

 

 21     .02473    .02368    .02271     .02180

 

 22     .02594    .02484    .02382     .02286

 

 23     .02723    .02608    .02500     .02400

 

 24     .02863    .02741    .02628     .02522

 

 25     .03014    .02887    .02768     .02656

 

 26     .03178    .03044    .02919     .02802

 

 27     .03357    .03217    .03085     .02962

 

 28     .03550    .03402    .03263     .03133

 

 29     .03756    .03600    .03455     .03318

 

 30     .03975    .03812    .03659     .03515

 

 31     .04208    .04037    .03876     .03725

 

 32     .04455    .04276    .04107     .03948

 

 33     .04720    .04532    .04355     .04188

 

 34     .05002    .04805    .04619     .04444

 

 35     .05304    .05097    .04902     .04718

 

 36     .05626    .05409    .05205     .05012

 

 37     .05969    .05742    .05528     .05325

 

 38     .06336    .06099    .05874     .05662

 

 39     .06729    .06480    .06245     .06023

 

 40     .07149    .06889    .06643     .06411

 

 41     .07600    .07329    .07072     .06828

 

 42     .08083    .07800    .07531     .07277

 

 43     .08598    .08304    .08024     .07758

 

 44     .09148    .08841    .08549     .08272

 

 45     .09730    .09410    .09106     .08817

 

 46     .10345    .10013    .09696     .09395

 

 47     .10991    .10646    .10317     .10004

 

 48     .11671    .11313    .10972     .10646

 

 49     .12385    .12015    .11661     .11322

 

 50     .13138    .12754    .12388     .12037

 

 51     .13929    .13532    .13153     .12789

 

 52     .14755    .14345    .13953     .13577

 

 53     .15616    .15194    .14789     .14400

 

 54     .16514    .16078    .15661     .15260

 

 55     .17449    .17001    .16571     .16157

 

 56     .18422    .17962    .17519     .17093

 

 57     .19434    .18961    .18507     .18069

 

 58     .20481    .19996    .19530     .19080

 

 59     .21558    .21062    .20584     .20123

 

 60     .22666    .22158    .21669     .21196

 

 61     .23806    .23288    .22787     .22304

 

 62     .24985    .24456    .23945     .23451

 

 63     .26205    .25666    .25145     .24641

 

 64     .27463    .26915    .26384     .25870

 

 65     .28761    .28203    .27663     .27140

 

 66     .30101    .29536    .28987     .28456

 

 67     .31491    .30918    .30363     .29823

 

 68     .32928    .32349    .31787     .31240

 

 69     .34408    .33824    .33256     .32703

 

 70     .35924    .35335    .34762     .34204

 

 71     .37467    .36875    .36298     .35736

 

 72     .39034    .38438    .37858     .37293

 

 73     .40619    .40022    .39440     .38872

 

 74     .42230    .41632    .41049     .40479

 

 75     .43874    .43277    .42693     .42123

 

 76     .45558    .44963    .44380     .43811

 

 77     .47282    .46690    .46111     .45543

 

 78     .49044    .48457    .47881     .47317

 

 79     .50833    .50251    .49681     .49122

 

 80     .52630    .52056    .51492     .50939

 

 81     .54422    .53856    .53300     .52754

 

 82     .56198    .55641    .55094     .54557

 

 83     .57958    .57411    .56874     .56346

 

 84     .59715    .59179    .58652     .58134

 

 85     .61478    .60955    .60441     .59934

 

 86     .63233    .62724    .62222     .61728

 

 87     .64953    .64458    .63970     .63489

 

 88     .66634    .66154    .65680     .65213

 

 89     .68276    .67811    .67353     .66900

 

 90     .69876    .69427    .68984     .68547

 

 91     .71404    .70972    .70545     .70123

 

 92     .72829    .72412    .72000     .71593

 

 93     .74150    .73748    .73350     .72957

 

 94     .75388    .75000    .74616     .74237

 

 95     .76569    .76195    .75826     .75460

 

 96     .77686    .77326    .76970     .76617

 

 97     .78725    .78377    .78033     .77693

 

 98     .79703    .79368    .79036     .78708

 

 99     .80662    .80340    .80020     .79704

 

 100    .81600    .81290    .80982     .80678

 

 101    .82529    .82231    .81936     .81643

 

 102    .83444    .83159    .82876     .82596

 

 103    .84355    .84082    .83812     .83544

 

 104    .85333    .85074    .84818     .84563

 

 105    .86287    .86042    .85799     .85557

 

 106    .87530    .87304    .87079     .86855

 

 107    .89051    .88849    .88647     .88447

 

 108    .91468    .91306    .91145     .90984

 

 109    .95704    .95620    .95537     .95455

 

 ____________________________________________________________________

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE     10.2%     10.4%     10.6%     10.8%     11.0%     11.2%

 

 ____________________________________________________________________

 

 0     .01488    .01463    .01439    .01417    .01396    .01377

 

 1     .00662    .00636    .00612    .00589    .00568    .00548

 

 2     .00654    .00626    .00600    .00576    .00554    .00533

 

 3     .00670    .00641    .00613    .00588    .00564    .00542

 

 4     .00699    .00668    .00639    .00612    .00587    .00563

 

 5     .00739    .00706    .00675    .00646    .00620    .00595

 

 6     .00786    .00751    .00718    .00687    .00659    .00633

 

 7     .00841    .00803    .00769    .00736    .00706    .00678

 

 8     .00902    .00863    .00826    .00791    .00759    .00730

 

 9     .00973    .00931    .00892    .00856    .00822    .00790

 

 10     .01055    .01010    .00969    .00930    .00894    .00861

 

 11     .01146    .01099    .01055    .01014    .00976    .00940

 

 12     .01246    .01196    .01150    .01106    .01066    .01028

 

 13     .01351    .01298    .01249    .01204    .01161    .01121

 

 14     .01455    .01400    .01348    .01300    .01255    .01213

 

 15     .01555    .01497    .01443    .01392    .01345    .01300

 

 16     .01648    .01587    .01530    .01477    .01427    .01380

 

 17     .01737    .01673    .01612    .01556    .01504    .01455

 

 18     .01822    .01754    .01691    .01632    .01576    .01525

 

 19     .01908    .01837    .01770    .01708    .01650    .01595

 

 20     .01999    .01924    .01854    .01788    .01726    .01669

 

 21     .02096    .02017    .01943    .01874    .01809    .01748

 

 22     .02197    .02114    .02036    .01963    .01895    .01830

 

 23     .02306    .02218    .02136    .02059    .01987    .01919

 

 24     .02424    .02331    .02245    .02163    .02087    .02016

 

 25     .02552    .02455    .02364    .02278    .02197    .02122

 

 26     .02692    .02589    .02493    .02403    .02318    .02238

 

 27     .02846    .02738    .02636    .02541    .02451    .02367

 

 28     .03012    .02898    .02791    .02690    .02595    .02506

 

 29     .03190    .03070    .02957    .02851    .02751    .02656

 

 30     .03381    .03254    .03135    .03023    .02917    .02817

 

 31     .03583    .03450    .03324    .03206    .03094    .02989

 

 32     .03799    .03659    .03527    .03402    .03284    .03173

 

 33     .04031    .03883    .03744    .03612    .03488    .03371

 

 34     .04279    .04123    .03976    .03838    .03707    .03583

 

 35     .04545    .04382    .04227    .04081    .03943    .03812

 

 36     .04830    .04658    .04495    .04341    .04196    .04058

 

 37     .05134    .04953    .04782    .04620    .04467    .04321

 

 38     .05462    .05272    .05092    .04921    .04760    .04606

 

 39     .05812    .05613    .05424    .05245    .05075    .04913

 

 40     .06190    .05981    .05782    .05594    .05415    .05245

 

 41     .06597    .06378    .06170    .05972    .05784    .05605

 

 42     .07035    .06806    .06587    .06380    .06182    .05994

 

 43     .07505    .07265    .07036    .06818    .06611    .06414

 

 44     .08008    .07757    .07518    .07290    .07072    .06865

 

 45     .08542    .08279    .08029    .07791    .07563    .07346

 

 46     .09108    .08834    .08573    .08324    .08085    .07858

 

 47     .09705    .09419    .09147    .08886    .08637    .08399

 

 48     .10335    .10038    .09754    .09482    .09222    .08973

 

 49     .10999    .10690    .10394    .10111    .09840    .09581

 

 50     .11701    .11380    .11073    .10778    .10496    .10225

 

 51     .12441    .12108    .11789    .11482    .11189    .10907

 

 52     .13217    .12871    .12540    .12222    .11916    .11623

 

 53     .14028    .13670    .13327    .12997    .12680    .12375

 

 54     .14875    .14505    .14150    .13808    .13480    .13163

 

 55     .15760    .15378    .15011    .14657    .14317    .13989

 

 56     .16684    .16290    .15911    .15546    .15194    .14855

 

 57     .17648    .17242    .16851    .16474    .16111    .15760

 

 58     .18647    .18229    .17827    .17438    .17064    .16702

 

 59     .19678    .19249    .18835    .18435    .18049    .17676

 

 60     .20740    .20300    .19875    .19464    .19066    .18682

 

 61     .21837    .21385    .20949    .20527    .20119    .19724

 

 62     .22973    .22511    .22064    .21631    .21212    .20807

 

 63     .24152    .23680    .23222    .22779    .22350    .21934

 

 64     .25372    .24890    .24422    .23969    .23529    .23103

 

 65     .26633    .26141    .25664    .25201    .24752    .24316

 

 66     .27940    .27439    .26953    .26481    .26023    .25577

 

 67     .29299    .28790    .28296    .27815    .27348    .26894

 

 68     .30709    .30193    .29691    .29202    .28728    .28265

 

 69     .32166    .31643    .31134    .30639    .30157    .29687

 

 70     .33661    .33133    .32618    .32116    .31628    .31152

 

 71     .35188    .34654    .34134    .33627    .33133    .32651

 

 72     .36742    .36204    .35679    .35168    .34668    .34181

 

 73     .38317    .37776    .37248    .36733    .36229    .35738

 

 74     .39923    .39380    .38849    .38330    .37823    .37328

 

 75     .41566    .41021    .40489    .39968    .39459    .38961

 

 76     .43254    .42709    .42176    .41655    .41144    .40645

 

 77     .44988    .44444    .43912    .43391    .42880    .42380

 

 78     .46765    .46224    .45694    .45174    .44665    .44166

 

 79     .48574    .48037    .47510    .46993    .46487    .45990

 

 80     .50397    .49865    .49343    .48830    .48327    .47834

 

 81     .52219    .51693    .51176    .50669    .50171    .49682

 

 82     .54029    .53510    .53000    .52499    .52007    .51523

 

 83     .55826    .55315    .54813    .54319    .53834    .53356

 

 84     .57624    .57123    .56629    .56144    .55666    .55195

 

 85     .59435    .58944    .58460    .57984    .57516    .57054

 

 86     .61241    .60762    .60289    .59824    .59365    .58913

 

 87     .63015    .62548    .62087    .61633    .61185    .60744

 

 88     .64753    .64299    .63851    .63409    .62973    .62543

 

 89     .66454    .66013    .65579    .65150    .64726    .64308

 

 90     .68115    .67689    .67268    .66853    .66442    .66037

 

 91     .69706    .69294    .68887    .68486    .68089    .67696

 

 92     .71190    .70792    .70399    .70011    .69627    .69247

 

 93     .72569    .72184    .71804    .71429    .71057    .70689

 

 94     .73861    .73490    .73123    .72759    .72400    .72044

 

 95     .75097    .74739    .74384    .74033    .73686    .73342

 

 96     .76267    .75922    .75579    .75240    .74905    .74572

 

 97     .77356    .77022    .76691    .76363    .76039    .75718

 

 98     .78382    .78059    .77740    .77423    .77110    .76799

 

 99     .79390    .79079    .78771    .78465    .78162    .77862

 

 100    .80376    .80076    .79779    .79485    .79193    .78904

 

 101    .81353    .81066    .80780    .80497    .80217    .79938

 

 102    .82318    .82042    .81768    .81496    .81227    .80960

 

 103    .83278    .83014    .82752    .82491    .82233    .81977

 

 104    .84310    .84059    .83810    .83563    .83317    .83073

 

 105    .85318    .85079    .84843    .84607    .84374    .84142

 

 106    .86633    .86413    .86193    .85975    .85758    .85543

 

 107    .88247    .88049    .87852    .87656    .87460    .87266

 

 108    .90825    .90666    .90507    .90350    .90193    .90037

 

 109    .95372    .95290    .95208    .95126    .95045    .94964

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     11.4%     11.6%     11.8%     12.0%

 

 ____________________________________________________________________

 

 0     .01359    .01343    .01327    .01312

 

 1     .00530    .00513    .00497    .00482

 

 2     .00514    .00496    .00479    .00463

 

 3     .00522    .00502    .00484    .00468

 

 4     .00542    .00521    .00502    .00484

 

 5     .00571    .00550    .00529    .00510

 

 6     .00608    .00585    .00563    .00543

 

 7     .00652    .00627    .00604    .00582

 

 8     .00702    .00675    .00651    .00628

 

 9     .00760    .00733    .00706    .00682

 

 10     .00829    .00799    .00772    .00746

 

 11     .00907    .00875    .00846    .00818

 

 12     .00993    .00960    .00928    .00899

 

 13     .01084    .01049    .01016    .00985

 

 14     .01173    .01136    .01102    .01069

 

 15     .01259    .01220    .01183    .01148

 

 16     .01336    .01295    .01257    .01220

 

 17     .01408    .01365    .01324    .01286

 

 18     .01476    .01430    .01387    .01347

 

 19     .01544    .01495    .01450    .01407

 

 20     .01615    .01564    .01516    .01471

 

 21     .01691    .01637    .01586    .01539

 

 22     .01770    .01713    .01660    .01610

 

 23     .01855    .01795    .01739    .01686

 

 24     .01948    .01885    .01825    .01769

 

 25     .02051    .01984    .01920    .01861

 

 26     .02162    .02091    .02025    .01961

 

 27     .02287    .02212    .02141    .02074

 

 28     .02422    .02342    .02267    .02196

 

 29     .02567    .02483    .02404    .02329

 

 30     .02723    .02634    .02551    .02471

 

 31     .02890    .02796    .02707    .02623

 

 32     .03068    .02968    .02874    .02785

 

 33     .03260    .03155    .03055    .02961

 

 34     .03465    .03354    .03249    .03149

 

 35     .03688    .03571    .03459    .03354

 

 36     .03927    .03803    .03685    .03573

 

 37     .04183    .04052    .03928    .03809

 

 38     .04461    .04322    .04191    .04066

 

 39     .04760    .04614    .04475    .04343

 

 40     .05083    .04929    .04783    .04643

 

 41     .05435    .05272    .05118    .04970

 

 42     .05815    .05644    .05481    .05326

 

 43     .06225    .06045    .05874    .05710

 

 44     .06667    .06478    .06298    .06125

 

 45     .07138    .06940    .06750    .06569

 

 46     .07640    .07432    .07233    .07043

 

 47     .08172    .07954    .07745    .07545

 

 48     .08735    .08507    .08288    .08078

 

 49     .09332    .09093    .08864    .08644

 

 50     .09965    .09716    .09477    .09247

 

 51     .10636    .10376    .10126    .09886

 

 52     .11341    .11071    .10810    .10560

 

 53     .12082    .11801    .11529    .11268

 

 54     .12859    .12566    .12284    .12012

 

 55     .13674    .13370    .13077    .12794

 

 56     .14528    .14213    .13909    .13615

 

 57     .15422    .15096    .14781    .14477

 

 58     .16353    .16015    .15689    .15374

 

 59     .17316    .16968    .16631    .16305

 

 60     .18311    .17952    .17604    .17268

 

 61     .19341    .18971    .18613    .18266

 

 62     .20414    .20033    .19664    .19306

 

 63     .21530    .21139    .20760    .20392

 

 64     .22690    .22289    .21899    .21521

 

 65     .23893    .23482    .23083    .22695

 

 66     .25145    .24724    .24316    .23918

 

 67     .26453    .26024    .25606    .25200

 

 68     .27816    .27378    .26952    .26537

 

 69     .29230    .28785    .28351    .27928

 

 70     .30688    .30235    .29794    .29364

 

 71     .32181    .31722    .31275    .30838

 

 72     .33706    .33241    .32788    .32345

 

 73     .35257    .34788    .34330    .33882

 

 74     .36844    .36370    .35908    .35455

 

 75     .38474    .37997    .37531    .37074

 

 76     .40156    .39677    .39208    .38749

 

 77     .41891    .41411    .40940    .40479

 

 78     .43677    .43197    .42726    .42265

 

 79     .45502    .45024    .44554    .44094

 

 80     .47349    .46873    .46406    .45947

 

 81     .49201    .48729    .48265    .47809

 

 82     .51047    .50580    .50120    .49667

 

 83     .52886    .52424    .51969    .51522

 

 84     .54732    .54277    .53828    .53386

 

 

 85     .56599    .56151    .55710    .55275

 

 86     .58468    .58029    .57596    .57170

 

 87     .60309    .59880    .59456    .59039

 

 88     .62118    .61700    .61287    .60879

 

 89     .63895    .63488    .63086    .62689

 

 90     .65637    .65241    .64851    .64465

 

 91     .67309    .66925    .66547    .66173

 

 92     .68872    .68501    .68134    .67771

 

 93     .70326    .69967    .69611    .69259

 

 94     .71692    .71344    .71000    .70659

 

 95     .73002    .72665    .72331    .72001

 

 96     .74243    .73917    .73595    .73275

 

 97     .75399    .75084    .74772    .74463

 

 98     .76491    .76186    .75884    .75584

 

 99     .77565    .77270    .76978    .76688

 

 100    .78617    .78333    .78051    .77771

 

 101    .79662    .79388    .79117    .78847

 

 102    .80694    .80431    .80170    .79911

 

 103    .81723    .81470    .81220    .80971

 

 104    .82831    .82591    .82352    .82115

 

 105    .83911    .83682    .83455    .83229

 

 106    .85329    .85116    .84904    .84694

 

 107    .87073    .86881    .86690    .86500

 

 108    .89881    .89727    .89572    .89419

 

 109    .94883    .94803    .94723    .94643

 

 ____________________________________________________________________

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE     12.2%     12.4%     12.6%     12.8%     13.0%     13.2%

 

 ____________________________________________________________________

 

 0     .01298    .01285    .01273    .01261    .01250    .01240

 

 1     .00468    .00455    .00443    .00431    .00420    .00410

 

 2     .00448    .00435    .00421    .00409    .00398    .00387

 

 3     .00452    .00437    .00423    .00410    .00398    .00386

 

 4     .00468    .00452    .00437    .00423    .00410    .00397

 

 5     .00493    .00476    .00460    .00445    .00431    .00418

 

 6     .00524    .00506    .00489    .00473    .00458    .00444

 

 7     .00562    .00543    .00525    .00508    .00492    .00477

 

 8     .00606    .00586    .00566    .00548    .00531    .00515

 

 9     .00659    .00637    .00616    .00597    .00579    .00561

 

 10     .00721    .00698    .00676    .00655    .00636    .00617

 

 11     .00792    .00767    .00744    .00722    .00701    .00682

 

 12     .00871    .00845    .00821    .00797    .00775    .00754

 

 13     .00955    .00928    .00902    .00877    .00854    .00831

 

 14     .01038    .01009    .00981    .00955    .00930    .00907

 

 15     .01116    .01085    .01056    .01028    .01002    .00977

 

 16     .01186    .01153    .01123    .01094    .01066    .01040

 

 17     .01250    .01215    .01183    .01152    .01124    .01096

 

 18     .01308    .01272    .01238    .01206    .01175    .01147

 

 19     .01367    .01329    .01293    .01259    .01227    .01196

 

 20     .01428    .01388    .01350    .01314    .01280    .01248

 

 21     .01494    .01451    .01411    .01373    .01337    .01303

 

 22     .01562    .01517    .01475    .01435    .01397    .01361

 

 23     .01635    .01588    .01543    .01501    .01460    .01422

 

 24     .01716    .01665    .01618    .01573    .01530    .01489

 

 25     .01804    .01751    .01701    .01653    .01608    .01565

 

 26     .01902    .01845    .01792    .01741    .01693    .01648

 

 27     .02011    .01951    .01895    .01841    .01790    .01742

 

 28     .02129    .02066    .02006    .01949    .01895    .01844

 

 29     .02258    .02191    .02127    .02067    .02009    .01955

 

 30     .02396    .02325    .02257    .02193    .02132    .02074

 

 31     .02543    .02467    .02396    .02328    .02263    .02201

 

 32     .02701    .02621    .02545    .02472    .02404    .02338

 

 33     .02871    .02786    .02706    .02629    .02556    .02487

 

 34     .03054    .02964    .02879    .02797    .02720    .02646

 

 35     .03253    .03158    .03067    .02981    .02898    .02820

 

 36     .03467    .03366    .03269    .03178    .03090    .03007

 

 37     .03697    .03590    .03488    .03391    .03298    .03209

 

 38     .03947    .03833    .03725    .03622    .03524    .03430

 

 39     .04217    .04096    .03982    .03873    .03768    .03669

 

 40     .04510    .04383    .04262    .04146    .04035    .03930

 

 41     .04830    .04695    .04567    .04445    .04327    .04215

 

 42     .05177    .05035    .04900    .04770    .04646    .04527

 

 43     .05553    .05404    .05261    .05123    .04992    .04866

 

 44     .05960    .05802    .05651    .05506    .05368    .05235

 

 45     .06395    .06229    .06069    .05917    .05770    .05630

 

 46     .06860    .06685    .06517    .06356    .06202    .06053

 

 47     .07353    .07169    .06992    .06823    .06660    .06504

 

 48     .07877    .07684    .07498    .07320    .07149    .06984

 

 49     .08433    .08231    .08036    .07849    .07669    .07495

 

 50     .09026    .08814    .08609    .08413    .08224    .08042

 

 51     .09655    .09433    .09219    .09013    .08815    .08624

 

 52     .10318    .10086    .09863    .09647    .09439    .09239

 

 53     .11017    .10774    .10541    .10315    .10098    .09888

 

 54     .11750    .11498    .11254    .11019    .10792    .10572

 

 55     .12522    .12258    .12005    .11759    .11522    .11294

 

 56     .13332    .13059    .12794    .12539    .12292    .12054

 

 57     .14183    .13899    .13624    .13359    .13102    .12853

 

 58     .15070    .14775    .14490    .14215    .13948    .13689

 

 59     .15990    .15685    .15389    .15103    .14826    .14558

 

 60     .16942    .16626    .16321    .16024    .15737    .15459

 

 61     .17929    .17603    .17287    .16981    .16684    .16395

 

 62     .18960    .18623    .18297    .17980    .17673    .17375

 

 63     .20035    .19688    .19352    .19025    .18708    .18400

 

 64     .21154    .20797    .20451    .20114    .19787    .19469

 

 65     .22318    .21951    .21595    .21249    .20912    .20584

 

 66     .23532    .23156    .22790    .22434    .22088    .21751

 

 67     .24804    .24419    .24044    .23679    .23324    .22977

 

 68     .26133    .25740    .25356    .24983    .24618    .24263

 

 69     .27516    .27114    .26723    .26341    .25969    .25605

 

 70     .28945    .28536    .28137    .27747    .27367    .26996

 

 71     .30412    .29996    .29590    .29193    .28806    .28427

 

 72     .31913    .31491    .31078    .30675    .30281    .29895

 

 73     .33444    .33016    .32597    .32188    .31788    .31396

 

 74     .35012    .34579    .34155    .33741    .33335    .32938

 

 75     .36628    .36190    .35762    .35343    .34932    .34530

 

 76     .38299    .37858    .37427    .37004    .36589    .36183

 

 77     .40028    .39585    .39151    .38725    .38307    .37898

 

 78     .41812    .41368    .40933    .40506    .40086    .39675

 

 79     .43641    .43198    .42762    .42334    .41914    .41502

 

 80     .45496    .45054    .44619    .44192    .43772    .43360

 

 81     .47360    .46920    .46487    .46061    .45643    .45231

 

 82     .49223    .48785    .48355    .47932    .47516    .47106

 

 83     .51081    .50648    .50221    .49802    .49388    .48982

 

 84     .52951    .52523    .52101    .51686    .51277    .50874

 

 85     .54847    .54425    .54009    .53600    .53196    .52798

 

 86     .56749    .56335    .55926    .55523    .55126    .54734

 

 87     .58627    .58221    .57820    .57425    .57035    .56650

 

 88     .60477    .60079    .59688    .59301    .58919    .58542

 

 89     .62297    .61909    .61527    .61149    .60776    .60408

 

 90     .64084    .63707    .63335    .62968    .62604    .62246

 

 91     .65803    .65437    .65076    .64719    .64366    .64017

 

 92     .67412    .67058    .66707    .66360    .66017    .65678

 

 93     .68911    .68567    .68227    .67890    .67557    .67227

 

 94     .70321    .69988    .69657    .69330    .69006    .68686

 

 95     .71674    .71351    .71031    .70713    .70399    .70088

 

 96     .72959    .72646    .72335    .72028    .71724    .71422

 

 97     .74156    .73853    .73552    .73254    .72959    .72666

 

 98     .75287    .74993    .74702    .74413    .74126    .73842

 

 99     .76401    .76117    .75834    .75555    .75277    .75002

 

 100    .77494    .77219    .76946    .76676    .76408    .76142

 

 101    .78580    .78315    .78052    .77791    .77532    .77275

 

 102    .79654    .79399    .79146    .78894    .78645    .78397

 

 103    .80724    .80479    .80236    .79994    .79755    .79517

 

 104    .81879    .81646    .81413    .81183    .80954    .80726

 

 105    .83005    .82782    .82560    .82340    .82121    .81904

 

 106    .84485    .84277    .84071    .83866    .83662    .83459

 

 107    .86311    .86124    .85937    .85751    .85566    .85382

 

 108    .89266    .89114    .88963    .88812    .88662    .88513

 

 109    .94563    .94484    .94405    .94326    .94248    .94170

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     13.4%     13.6%     13.8%     14.0%

 

 ____________________________________________________________________

 

 0     .01230    .01221    .01212    .01203

 

 1     .00400    .00391    .00382    .00374

 

 2     .00376    .00366    .00357    .00348

 

 3     .00375    .00365    .00355    .00345

 

 4     .00386    .00375    .00364    .00354

 

 5     .00405    .00393    .00382    .00371

 

 6     .00430    .00418    .00406    .00394

 

 7     .00462    .00449    .00436    .00423

 

 8     .00499    .00485    .00471    .00458

 

 9     .00545    .00529    .00514    .00500

 

 10     .00600    .00583    .00567    .00552

 

 11     .00663    .00645    .00628    .00612

 

 12     .00735    .00716    .00698    .00681

 

 13     .00810    .00790    .00771    .00753

 

 14     .00885    .00864    .00843    .00824

 

 15     .00954    .00932    .00910    .00890

 

 16     .01015    .00992    .00969    .00948

 

 17     .01070    .01045    .01022    .00999

 

 18     .01119    .01093    .01068    .01044

 

 19     .01167    .01140    .01113    .01088

 

 20     .01217    .01188    .01161    .01134

 

 21     .01271    .01240    .01211    .01183

 

 22     .01326    .01294    .01263    .01233

 

 23     .01386    .01351    .01319    .01287

 

 24     .01451    .01415    .01380    .01347

 

 25     .01524    .01485    .01448    .01413

 

 26     .01604    .01563    .01524    .01487

 

 27     .01696    .01652    .01610    .01571

 

 28     .01795    .01748    .01704    .01662

 

 29     .01903    .01853    .01806    .01762

 

 30     .02019    .01966    .01916    .01869

 

 31     .02143    .02087    .02034    .01983

 

 32     .02276    .02217    .02160    .02106

 

 33     .02420    .02357    .02297    .02240

 

 34     .02576    .02509    .02445    .02383

 

 35     .02745    .02674    .02606    .02541

 

 36     .02928    .02852    .02779    .02710

 

 37     .03125    .03044    .02967    .02893

 

 38     .03340    .03254    .03172    .03094

 

 39     .03573    .03482    .03395    .03312

 

 40     .03828    .03732    .03639    .03550

 

 41     .04108    .04005    .03907    .03812

 

 42     .04413    .04304    .04200    .04100

 

 43     .04746    .04630    .04520    .04413

 

 44     .05107    .04985    .04867    .04754

 

 45     .05495    .05365    .05241    .05121

 

 46     .05911    .05774    .05643    .05516

 

 47     .06353    .06209    .06070    .05936

 

 48     .06826    .06673    .06527    .06385

 

 49     .07329    .07168    .07013    .06864

 

 50     .07867    .07698    .07535    .07378

 

 51     .08440    .08262    .08091    .07926

 

 52     .09046    .08860    .08680    .08506

 

 53     .09686    .09491    .09302    .09120

 

 54     .10361    .10156    .09958    .09767

 

 

 55     .11072    .10859    .10652    .10451

 

 56     .11823    .11599    .11383    .11174

 

 57     .12613    .12380    .12154    .11936

 

 58     .13439    .13197    .12962    .12734

 

 59     .14298    .14046    .13801    .13564

 

 60     .15189    .14927    .14673    .14426

 

 61     .16115    .15844    .15580    .15324

 

 62     .17085    .16803    .16530    .16264

 

 63     .18100    .17809    .17525    .17250

 

 64     .19159    .18859    .18566    .18281

 

 65     .20265    .19955    .19652    .19358

 

 66     .21422    .21102    .20791    .20487

 

 67     .22640    .22311    .21990    .21678

 

 68     .23917    .23579    .23250    .22929

 

 69     .25251    .24905    .24567    .24237

 

 70     .26633    .26279    .25934    .25596

 

 71     .28057    .27696    .27343    .26998

 

 72     .29519    .29150    .28790    .28438

 

 73     .31013    .30638    .30271    .29913

 

 74     .32549    .32168    .31795    .31430

 

 75     .34136    .33750    .33372    .33001

 

 76     .35784    .35394    .35011    .34636

 

 77     .37496    .37103    .36716    .36337

 

 78     .39271    .38874    .38485    .38103

 

 79     .41096    .40698    .40308    .39924

 

 80     .42954    .42556    .42164    .41779

 

 81     .44827    .44429    .44038    .43653

 

 82     .46703    .46307    .45916    .45532

 

 83     .48581    .48187    .47799    .47416

 

 84     .50477    .50086    .49701    .49321

 

 85     .52406    .52019    .51638    .51262

 

 86     .54348    .53966    .53591    .53220

 

 87     .56270    .55895    .55526    .55161

 

 88     .58170    .57802    .57439    .57081

 

 89     .60044    .59685    .59330    .58979

 

 90     .61891    .61540    .61194    .60851

 

 91     .63672    .63330    .62993    .62659

 

 92     .65342    .65010    .64682    .64357

 

 93     .66901    .66578    .66258    .65942

 

 94     .68369    .68055    .67744    .67437

 

 95     .69781    .69476    .69174    .68875

 

 96     .71123    .70828    .70534    .70244

 

 97     .72376    .72089    .71804    .71522

 

 98     .73561    .73282    .73006    .72732

 

 99     .74730    .74459    .74191    .73926

 

 100    .75878    .75616    .75357    .75099

 

 101    .77021    .76768    .76517    .76268

 

 102    .78152    .77908    .77666    .77426

 

 103    .79280    .79046    .78813    .78582

 

 104    .80501    .80276    .80054    .79832

 

 105    .81688    .81474    .81260    .81049

 

 106    .83257    .83057    .82857    .82659

 

 107    .85199    .85017    .84835    .84655

 

 108    .88364    .88216    .88068    .87922

 

 109    .94092    .94014    .93937    .93860

 

 ____________________________________________________________________

 

 

(f) EFFECTIVE DATES. This section applies after April 30, 1999.

Section 1.642(c)-6T [Removed]

Par. 6. Section 1.642(c)-6T is removed.

Par. 7. Section 1.664-4 is amended by:

1. Revising paragraphs (a)(1).

2. Removing existing paragraphs (d) through (e)(5).

3. Adding paragraphs (d), (e) heading and (e)(1) through (e)(5).

4. Adding paragraph (e)(7).

5. Revising paragraph (f).

The revisions and additions read as follows:

SECTION 1.664-4 CALCULATION OF THE FAIR MARKET VALUE OF THE REMAINDER INTEREST IN A CHARITABLE REMAINDER UNITRUST.

(a) * * *

(1) Life contingencies determined as to each life involved, from the values of lx set forth in Table 90CM contained in section 20.2031-7(d)(7) of this chapter in the case of transfers for which the valuation date is after April 30, 1999; or from Table 80CNSMT contained section 20.2031-7A(e)(4) of this chapter in the case of transfer for which the valuation date is after April 30, 1989, and before May 1, 1999. See section 20.2031-7A(a) through (d) of this chapter, whichever is applicable, for transfers for which the valuation date is before May 1, 1989;

* * * * *

(d) VALUATION. The fair market value of a remainder interest in a charitable remainder unitrust (as described in section 1.664-3) for transfers for which the valuation date is after April 30, 1999, is its present value determined under paragraph (e) of this section. The fair market value of a remainder interest in a charitable remainder unitrust (as described in section 1.664-3) for transfers for which the valuation date is before May 1, 1999, is its present value determined under the following sections:

  Valuation Dates

 

       _______________

 

        Applicable

 

  After        Before           Regulations

 

 _______       ______           ___________

 

 01-01-52                       1.664-4A(a)

 

 12-31-51      01-01-71         1.664-4A(b)

 

 12-31-70      12-01-83         1.664-4A(c)

 

 11-30-83      05-01-89         1.664-4A(d)

 

 04-30-89      05-01-99         1.664-4A(e)

 

 

(e) VALUATION OF CHARITABLE REMAINDER UNITRUSTS HAVING CERTAIN PAYOUT SEQUENCES FOR TRANSFERS FOR WHICH THE VALUATION DATE IS AFTER APRIL 30, 1999 -- (1) IN GENERAL. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1999, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(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 section 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, section 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 sections 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or section 1.664-4A(e)(6), at the option of the donor or the decedent's executor, as the case may be.

(iii) For purposes of paragraphs (e)(2)(i) and (ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(7) of this section or section 1.664-4A(e)(6), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(3) ADJUSTED PAYOUT RATE. For transfers for which the valuation date is after April 30, 1989, the adjusted payout rate is determined by using the appropriate Table F in paragraph (e)(6) of this section, for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see paragraph (e)(6) of this section. If the interest rate is below 4.2 percent or greater than 14 percent, see paragraph (b) of this section. The adjusted payout rate is determined by multiplying the fixed percentage described in section 1.664-3(a)(1)(i)(a) by the factor describing the payout sequence of the trust and the number of months by which the valuation date for the first full taxable year of the trust precedes the first payout date for such taxable year. If the governing instrument does not prescribe when the distribution or distributions shall be made during the taxable year of the trust, see paragraph (a) of this section. In the case of a trust having a payout sequence for which no figures have been provided by the appropriate table, and in the case of a trust that determines the fair market value of the trust assets by taking the average of valuations on more than one date during the taxable year, see paragraph (b) of this section.

(4) PERIOD IS A TERM OF YEARS. If the period described in section 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after November 30, 1983, is the factor under the appropriate adjusted payout rate in Table D of paragraph (e)(6) of this section corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. For purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor. However, if an election is made under section 7520 and section 1.7520-2(b) to compute the present value of the charitable interest by use of the interest rate component for either of the 2 months preceding the month in which the date of transfer falls, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. In the case of a testamentary transfer under section 2055, 2106, or 2624, the valuation date is the date of death, unless the alternate valuation date is elected under section 2032, in which event, and within the limitations set forth in section 2032 and the regulations thereunder, the valuation date is the alternate valuation date. If the decedent's estate elects the alternate valuation date under section 2032 and also elects, under section 7520 and section 1.7520-2(b), to use the interest rate component for one of the 2 months preceding the alternate valuation date, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. The application of this paragraph (e)(4) may be illustrated by the following example:

EXAMPLE. D transfers $100,000 to a charitable remainder unitrust on January 1. The trust instrument requires that the trust pay 8 percent of the fair market value of the trust assets as of January 1st for a term of 12 years to D in quarterly payments (March 31, June 30, September 30, and December 31). The section 7520 rate for January (the month that the transfer occurred) is 9.6 percent. Under Table F(9.6) in paragraph(e)(6) of this section, the appropriate adjustment factor is .944628 for quarterly payments payable at the end of each quarter. The adjusted payout rate is 7.557 (8% X .944628). Based on the remainder factors in Table D in paragraph(e)(6) of this section, the present value of the remainder interest is $38,950.30, computed as follows:

 Factor at 7.4 percent for 12 years            .397495

 

 Factor at 7.6 percent for 12 years            .387314

 

                                               _______

 

 Difference                                    .010181

 

 Interpolation adjustment:

 

                 7.557% - 7.4%         x

 

                 _____________  =  _______

 

                   0.2%            .010181

 

                                        x  =  .007992

 

 Factor at 7.4 percent for 12 years           .397495

 

 Less: Interpolation adjustment               .007992

 

                                              _______

 

 Interpolated factor                          .389503

 

 Present value of remainder interest:

 

 ($100,000  X  .389503)               $38,950.30

 

 

(5) PERIOD IS THE LIFE OF ONE INDIVIDUAL. If the period described in section 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1999, is the factor in Table U(1) in paragraph (e)(7) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph, the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in paragraph (e)(4) of this section) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is between 4.2 and 14 percent, see paragraph (e)(7) of this section. If the adjusted payout rate is below 4.2 percent or greater than 14 percent, see paragraph (b) of this section. The application of this paragraph (e)(5) may be illustrated by the following example:

EXAMPLE. A, who is 44 years and 11 months old, transfers $100,000 to a charitable remainder unitrust on January 1st. The trust instrument requires that the trust pay to A semiannually (on June 30 and December 31) 9 percent of the fair market value of the trust assets as of January 1st during A's life. The section 7520 rate for January is 9.6 percent. Under Table F(9.6) in paragraph (e)(6) of this section, the appropriate adjustment factor is .933805 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 8.404 (9% X .933805). Based on the remainder factors in Table U(1) in paragraph (e)(7) of this section, the present value of the remainder interest is $10,109.00, computed as follows:

 Factor at 8.4 percent at age 45              .10117

 

 Factor at 8.6 percent at age 45              .09715

 

 ______

 

 Difference                                   .00402

 

 Interpolation adjustment:

 

 8.404% - 8.4%          x

 

 _____________   =   ______

 

 0.2%           .00402

 

 x  =   .00008

 

 Factor at 8.4 percent at age 45              .10117

 

 Less: Interpolation adjustment               .00008

 

 ______

 

 Interpolated Factor                          .10109

 

 Present value of remainder interest:

 

 ($100,000  X  .10109)               $10,109.00

 

 

* * * * *

(7) ACTUARIAL TABLE U(1) FOR TRANSFERS FOR WHICH THE VALUATION DATE IS AFTER APRIL 30, 1999. For transfers for which the valuation date is after April 30, 1999, the present value of a charitable remainder unitrust interest that is dependent on the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (e)(7), and Table F(4.2) through (14.0) in paragraph (e)(6) of this section. See, however, section 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (7-1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402.

 TABLE U(1)

 

 BASED ON LIFE TABLE 90CM

 

 UNITRUST SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999

 

 ADJUSTED PAYOUT RATE

 

 ____________________________________________________________________

 

 AGE     4.2%      4.4%      4.6%      4.8%      5.0%      5.2%

 

 ____________________________________________________________________

 

 0    .06177    .05580    .05061    .04609    .04215    .03871

 

 1    .05543    .04925    .04388    .03919    .03509    .03151

 

 2    .05716    .05081    .04528    .04045    .03622    .03252

 

 3    .05920    .05268    .04699    .04201    .03765    .03382

 

 4    .06143    .05475    .04889    .04376    .03926    .03530

 

 5    .06384    .05697    .05095    .04567    .04103    .03694

 

 6    .06637    .05933    .05315    .04771    .04292    .03870

 

 7    .06905    .06183    .05547    .04987    .04494    .04058

 

 8    .07186    .06445    .05792    .05216    .04708    .04258

 

 9    .07482    .06722    .06052    .05460    .04936    .04471

 

 10    .07793    .07015    .06327    .05718    .05179    .04700

 

 11    .08120    .07323    .06617    .05991    .05435    .04942

 

 12    .08461    .07645    .06920    .06277    .05706    .05197

 

 13    .08812    .07976    .07234    .06574    .05985    .05461

 

 14    .09168    .08313    .07552    .06874    .06269    .05729

 

 15    .09527    .08652    .07872    .07176    .06554    .05999

 

 16    .09886    .08991    .08192    .07478    .06839    .06267

 

 17    .10249    .09334    .08515    .07782    .07126    .06537

 

 18    .10616    .09680    .08842    .08090    .07415    .06809

 

 19    .10994    .10037    .09178    .08407    .07714    .07091

 

 20    .11384    .10406    .09527    .08737    .08025    .07383

 

 21    .11790    .10790    .09891    .09080    .08349    .07690

 

 22    .12208    .11188    .10267    .09436    .08686    .08008

 

 23    .12643    .11601    .10659    .09808    .09038    .08342

 

 24    .13095    .12031    .11069    .10197    .09408    .08692

 

 25    .13567    .12481    .11497    .10605    .09795    .09060

 

 26    .14058    .12950    .11945    .11032    .10202    .09447

 

 27    .14571    .13442    .12415    .11481    .10631    .09856

 

 28    .15104    .13953    .12904    .11949    .11078    .10284

 

 29    .15656    .14484    .13414    .12438    .11546    .10731

 

 30    .16229    .15034    .13943    .12946    .12034    .11198

 

 31    .16821    .15605    .14493    .13474    .12541    .11685

 

 32    .17433    .16196    .15063    .14023    .13069    .12193

 

 33    .18068    .16810    .15655    .14595    .13620    .12723

 

 34    .18724    .17446    .16270    .15189    .14193    .13275

 

 35    .19405    .18107    .16910    .15808    .14791    .13853

 

 36    .20109    .18791    .17574    .16451    .15414    .14456

 

 37    .20838    .19500    .18263    .17120    .16062    .15083

 

 38    .21593    .20236    .18979    .17816    .16739    .15739

 

 39    .22374    .20998    .19723    .18540    .17443    .16423

 

 40    .23183    .21789    .20496    .19294    .18177    .17138

 

 41    .24021    .22611    .21299    .20079    .18943    .17885

 

 42    .24889    .23463    .22134    .20896    .19741    .18665

 

 43    .25786    .24344    .23000    .21744    .20572    .19477

 

 44    .26712    .25257    .23896    .22625    .21435    .20322

 

 45    .27665    .26196    .24821    .23534    .22328    .21198

 

 46    .28644    .27163    .25774    .24472    .23251    .22105

 

 47    .29647    .28155    .26754    .25438    .24201    .23040

 

 48    .30676    .29173    .27760    .26431    .25181    .24004

 

 49    .31729    .30217    .28794    .27453    .26190    .24999

 

 50    .32808    .31289    .29856    .28505    .27229    .26026

 

 51    .33912    .32387    .30946    .29585    .28299    .27083

 

 52    .35038    .33507    .32060    .30691    .29395    .28168

 

 53    .36185    .34651    .33198    .31821    .30517    .29280

 

 54    .37352    .35815    .34358    .32976    .31664    .30418

 

 55    .38539    .37002    .35542    .34155    .32836    .31583

 

 56    .39746    .38209    .36748    .35358    .34034    .32774

 

 57    .40971    .39437    .37976    .36584    .35257    .33992

 

 58    .42212    .40682    .39222    .37829    .36500    .35231

 

 59    .43464    .41939    .40482    .39090    .37759    .36488

 

 60    .44726    .43207    .41754    .40364    .39034    .37761

 

 61    .45999    .44488    .43041    .41655    .40326    .39053

 

 62    .47286    .45785    .44345    .42964    .41639    .40367

 

 63    .48589    .47098    .45667    .44293    .42972    .41703

 

 64    .49903    .48426    .47005    .45638    .44324    .43060

 

 65    .51229    .49766    .48357    .47001    .45694    .44435

 

 66    .52568    .51121    .49726    .48381    .47084    .45833

 

 67    .53924    .52495    .51115    .49784    .48498    .47256

 

 68    .55293    .53883    .52521    .51205    .49932    .48701

 

 69    .56671    .55283    .53940    .52640    .51382    .50165

 

 70    .58052    .56687    .55365    .54084    .52843    .51639

 

 71    .59431    .58091    .56791    .55529    .54306    .53118

 

 72    .60804    .59490    .58213    .56973    .55768    .54598

 

 73    .62168    .60881    .59629    .58411    .57227    .56076

 

 74    .63528    .62268    .61042    .59848    .58686    .57555

 

 75    .64887    .63657    .62458    .61290    .60151    .59041

 

 76    .66249    .65049    .63880    .62739    .61625    .60538

 

 77    .67612    .66446    .65307    .64194    .63108    .62046

 

 78    .68975    .67843    .66736    .65654    .64596    .63561

 

 79    .70330    .69233    .68160    .67109    .66081    .65074

 

 80    .71666    .70605    .69566    .68548    .67550    .66573

 

 81    .72975    .71950    .70946    .69961    .68995    .68047

 

 82    .74250    .73263    .72293    .71342    .70407    .69490

 

 83    .75493    .74542    .73608    .72690    .71788    .70902

 

 84    .76712    .75798    .74900    .74016    .73147    .72292

 

 85    .77913    .77037    .76175    .75326    .74491    .73668

 

 86    .79086    .78248    .77423    .76610    .75808    .75019

 

 87    .80218    .79418    .78628    .77850    .77083    .76326

 

 88    .81307    .80544    .79790    .79047    .78313    .77589

 

 89    .82355    .81628    .80909    .80200    .79500    .78808

 

 90    .83360    .82668    .81985    .81309    .80642    .79982

 

 91    .84308    .83650    .83000    .82357    .81721    .81092

 

 92    .85182    .84556    .83937    .83325    .82718    .82119

 

 93    .85985    .85390    .84800    .84215    .83637    .83064

 

 94    .86732    .86164    .85601    .85044    .84491    .83944

 

 95    .87437    .86895    .86359    .85827    .85300    .84778

 

 96    .88097    .87582    .87070    .86563    .86060    .85561

 

 97    .88708    .88216    .87727    .87243    .86762    .86285

 

 98    .89280    .88810    .88343    .87880    .87420    .86964

 

 99    .89836    .89388    .88943    .88501    .88062    .87626

 

 100    .90375    .89948    .89525    .89103    .88685    .88269

 

 101    .90905    .90500    .90097    .89696    .89298    .88902

 

 102    .91424    .91040    .90658    .90278    .89900    .89524

 

 103    .91939    .91575    .91214    .90854    .90496    .90139

 

 104    .92485    .92144    .91805    .91467    .91131    .90796

 

 105    .93020    .92701    .92383    .92067    .91751    .91437

 

 106    .93701    .93411    .93122    .92834    .92546    .92260

 

 107    .94522    .94268    .94013    .93760    .93507    .93254

 

 108    .95782    .95583    .95385    .95187    .94989    .94791

 

 109    .97900    .97800    .97700    .97600    .97500    .97400

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     5.4%      5.6%      5.8%      6.0%

 

 ____________________________________________________________________

 

 0    .03570    .03307    .03075    .02872

 

 1    .02838    .02563    .02321    .02109

 

 2    .02927    .02642    .02391    .02170

 

 3    .03046    .02750    .02490    .02260

 

 4    .03182    .02876    .02605    .02366

 

 5    .03334    .03016    .02735    .02487

 

 6    .03497    .03168    .02876    .02618

 

 7    .03673    .03332    .03029    .02761

 

 8    .03859    .03506    .03192    .02914

 

 9    .04060    .03694    .03369    .03079

 

 10    .04274    .03896    .03559    .03259

 

 11    .04502    .04111    .03762    .03450

 

 12    .04744    .04339    .03978    .03655

 

 13    .04993    .04576    .04202    .03867

 

 14    .05247    .04815    .04428    .04081

 

 15    .05501    .05055    .04655    .04296

 

 16    .05754    .05294    .04880    .04508

 

 17    .06008    .05533    .05105    .04720

 

 18    .06264    .05774    .05332    .04933

 

 19    .06529    .06023    .05566    .05153

 

 20    .06805    .06283    .05811    .05384

 

 21    .07094    .06555    .06068    .05626

 

 22    .07395    .06839    .06336    .05879

 

 23    .07710    .07138    .06618    .06146

 

 24    .08042    .07452    .06915    .06427

 

 25    .08392    .07784    .07230    .06726

 

 26    .08760    .08134    .07563    .07042

 

 27    .09149    .08505    .07916    .07379

 

 28    .09558    .08895    .08288    .07733

 

 29    .09986    .09304    .08679    .08106

 

 30    .10433    .09732    .09089    .08498

 

 31    .10900    .10179    .09517    .08909

 

 32    .11387    .10647    .09966    .09339

 

 33    .11897    .11137    .10437    .09791

 

 34    .12430    .11650    .10930    .10265

 

 35    .12987    .12187    .11448    .10764

 

 36    .13569    .12749    .11990    .11287

 

 37    .14177    .13337    .12558    .11835

 

 38    .14813    .13953    .13154    .12412

 

 39    .15477    .14597    .13779    .13017

 

 40    .16172    .15272    .14434    .13653

 

 41    .16899    .15980    .15123    .14322

 

 42    .17660    .16721    .15845    .15025

 

 43    .18453    .17496    .16601    .15762

 

 44    .19281    .18305    .17391    .16534

 

 45    .20139    .19145    .18213    .17338

 

 46    .21028    .20018    .19068    .18174

 

 47    .21947    .20919    .19952    .19041

 

 48    .22896    .21852    .20868    .19941

 

 49    .23876    .22817    .21817    .20873

 

 50    .24889    .23814    .22799    .21839

 

 51    .25933    .24845    .23815    .22840

 

 52    .27005    .25904    .24861    .23872

 

 53    .28106    .26993    .25937    .24934

 

 54    .29234    .28110    .27042    .26026

 

 55    .30390    .29256    .28177    .27149

 

 56    .31574    .30431    .29342    .28303

 

 57    .32785    .31634    .30536    .29488

 

 58    .34019    .32862    .31756    .30699

 

 59    .35272    .34109    .32996    .31932

 

 60    .36542    .35375    .34257    .33186

 

 61    .37833    .36662    .35540    .34463

 

 62    .39146    .37974    .36848    .35767

 

 63    .40484    .39311    .38184    .37100

 

 64    .41843    .40671    .39544    .38458

 

 65    .43223    .42054    .40927    .39841

 

 66    .44626    .43461    .42337    .41252

 

 67    .46056    .44898    .43778    .42696

 

 68    .47511    .46360    .45246    .44169

 

 69    .48985    .47844    .46738    .45666

 

 70    .50473    .49342    .48245    .47181

 

 71    .51966    .50847    .49761    .48707

 

 72    .53461    .52357    .51283    .50239

 

 73    .54955    .53866    .52806    .51774

 

 74    .56453    .55380    .54335    .53316

 

 75    .57959    .56904    .55875    .54872

 

 76    .59478    .58443    .57432    .56446

 

 77    .61009    .59995    .59005    .58037

 

 78    .62548    .61558    .60590    .59643

 

 79    .64088    .63123    .62178    .61253

 

 80    .65615    .64676    .63755    .62853

 

 81    .67117    .66205    .65310    .64433

 

 82    .68589    .67705    .66837    .65984

 

 83    .70031    .69175    .68333    .67506

 

 84    .71451    .70624    .69810    .69010

 

 85    .72859    .72061    .71276    .70503

 

 86    .74241    .73474    .72719    .71974

 

 87    .75580    .74844    .74118    .73402

 

 88    .76874    .76169    .75473    .74786

 

 89    .78125    .77450    .76783    .76125

 

 90    .79330    .78685    .78048    .77418

 

 91    .80470    .79855    .79246    .78645

 

 92    .81525    .80937    .80356    .79780

 

 93    .82497    .81936    .81379    .80829

 

 94    .83402    .82865    .82333    .81806

 

 95    .84260    .83746    .83237    .82733

 

 96    .85066    .84575    .84088    .83605

 

 97    .85811    .85341    .84875    .84413

 

 98    .86511    .86061    .85614    .85171

 

 99    .87193    .86763    .86336    .85911

 

 100    .87856    .87445    .87037    .86632

 

 101    .88509    .88118    .87729    .87342

 

 102    .89150    .88778    .88408    .88040

 

 103    .89785    .89432    .89081    .88732

 

 104    .90463    .90131    .89800    .89471

 

 105    .91125    .90813    .90502    .90193

 

 106    .91974    .91689    .91405    .91122

 

 107    .93002    .92750    .92499    .92249

 

 108    .94593    .94396    .94199    .94002

 

 109    .97300    .97200    .97100    .97000

 

 ____________________________________________________________________

 

 

 TABLE U(1)

 

 BASED ON LIFE TABLE 90CM

 

 UNITRUST SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999

 

 ADJUSTED PAYOUT RATE

 

 ____________________________________________________________________

 

 AGE     6.2%      6.4%      6.6%      6.8%      7.0%      7.2%

 

 0    .02693    .02534    .02395    .02271    .02161    .02063

 

 1    .01922    .01756    .01610    .01480    .01365    .01263

 

 2    .01975    .01802    .01650    .01514    .01393    .01286

 

 3    .02056    .01876    .01717    .01575    .01449    .01336

 

 4    .02155    .01967    .01800    .01652    .01520    .01401

 

 5    .02266    .02071    .01896    .01741    .01603    .01479

 

 6    .02389    .02184    .02003    .01841    .01696    .01566

 

 7    .02522    .02309    .02120    .01950    .01799    .01663

 

 8    .02665    .02444    .02246    .02069    .01910    .01768

 

 9    .02821    .02590    .02384    .02199    .02033    .01884

 

 10    .02990    .02750    .02535    .02342    .02169    .02013

 

 11    .03172    .02922    .02698    .02497    .02316    .02153

 

 12    .03365    .03106    .02872    .02663    .02474    .02303

 

 13    .03566    .03297    .03054    .02835    .02638    .02460

 

 14    .03770    .03490    .03237    .03010    .02804    .02619

 

 15    .03973    .03682    .03419    .03182    .02968    .02775

 

 16    .04173    .03871    .03598    .03352    .03129    .02926

 

 17    .04372    .04059    .03775    .03519    .03287    .03076

 

 18    .04573    .04248    .03953    .03686    .03444    .03224

 

 19    .04780    .04443    .04137    .03859    .03607    .03378

 

 20    .04997    .04647    .04329    .04040    .03778    .03539

 

 21    .05226    .04862    .04532    .04232    .03958    .03709

 

 22    .05465    .05088    .04745    .04432    .04148    .03888

 

 23    .05716    .05325    .04969    .04645    .04348    .04077

 

 24    .05983    .05578    .05208    .04871    .04562    .04280

 

 25    .06266    .05846    .05463    .05112    .04791    .04497

 

 26    .06566    .06131    .05734    .05369    .05035    .04729

 

 27    .06887    .06436    .06024    .05646    .05298    .04979

 

 28    .07225    .06758    .06331    .05938    .05577    .05245

 

 29    .07581    .07099    .06656    .06248    .05873    .05528

 

 30    .07956    .07457    .06998    .06575    .06186    .05827

 

 31    .08348    .07833    .07358    .06920    .06515    .06142

 

 32    .08761    .08228    .07736    .07282    .06863    .06475

 

 33    .09195    .08645    .08136    .07666    .07231    .06828

 

 34    .09651    .09082    .08557    .08070    .07619    .07200

 

 35    .10131    .09545    .09002    .08498    .08030    .07596

 

 36    .10635    .10031    .09470    .08949    .08465    .08015

 

 37    .11165    .10542    .09963    .09424    .08923    .08457

 

 38    .11722    .11081    .10484    .09927    .09409    .08926

 

 39    .12308    .11648    .11032    .10458    .09922    .09422

 

 40    .12925    .12246    .11612    .11020    .10466    .09949

 

 41    .13575    .12877    .12225    .11614    .11043    .10508

 

 42    .14259    .13542    .12871    .12243    .11654    .11101

 

 43    .14977    .14242    .13552    .12905    .12298    .11729

 

 44    .15731    .14976    .14269    .13604    .12979    .12391

 

 45    .16516    .15743    .15017    .14334    .13691    .13086

 

 46    .17334    .16544    .15800    .15099    .14438    .13816

 

 47    .18184    .17375    .16613    .15895    .15217    .14576

 

 48    .19066    .18240    .17461    .16724    .16029    .15371

 

 49    .19981    .19138    .18342    .17588    .16875    .16201

 

 50    .20931    .20072    .19259    .18489    .17759    .17067

 

 51    .21917    .21042    .20212    .19426    .18679    .17971

 

 52    .22933    .22043    .21198    .20395    .19633    .18909

 

 53    .23981    .23076    .22216    .21399    .20621    .19881

 

 54    .25060    .24141    .23267    .22434    .21642    .20886

 

 55    .26171    .25239    .24351    .23504    .22697    .21927

 

 56    .27313    .26369    .25468    .24608    .23787    .23003

 

 57    .28487    .27531    .26618    .25746    .24912    .24114

 

 58    .29688    .28722    .27798    .26914    .26067    .25257

 

 59    .30913    .29937    .29002    .28107    .27249    .26427

 

 60    .32159    .31175    .30231    .29325    .28457    .27623

 

 61    .33429    .32437    .31485    .30571    .29692    .28848

 

 62    .34728    .33730    .32770    .31847    .30960    .30106

 

 63    .36057    .35053    .34087    .33157    .32262    .31400

 

 64    .37412    .36404    .35433    .34498    .33596    .32726

 

 65    .38794    .37783    .36809    .35868    .34961    .34085

 

 66    .40205    .39193    .38216    .37272    .36361    .35479

 

 67    .41650    .40639    .39661    .38715    .37800    .36915

 

 68    .43126    .42117    .41139    .40193    .39277    .38390

 

 69    .44628    .43622    .42648    .41703    .40787    .39898

 

 70    .46150    .45149    .44178    .43236    .42321    .41433

 

 71    .47683    .46689    .45723    .44785    .43873    .42987

 

 72    .49225    .48238    .47279    .46346    .45439    .44556

 

 73    .50770    .49793    .48841    .47915    .47013    .46135

 

 74    .52324    .51358    .50416    .49498    .48603    .47731

 

 75    .53894    .52939    .52008    .51100    .50214    .49349

 

 76    .55483    .54543    .53624    .52728    .51852    .50996

 

 77    .57091    .56167    .55263    .54380    .53516    .52671

 

 78    .58716    .57809    .56922    .56053    .55203    .54372

 

 79    .60346    .59459    .58590    .57738    .56904    .56086

 

 80    .61969    .61102    .60252    .59419    .58601    .57800

 

 81    .63571    .62726    .61897    .61082    .60283    .59499

 

 82    .65146    .64324    .63515    .62722    .61942    .61176

 

 83    .66693    .65893    .65108    .64335    .63575    .62828

 

 84    .68222    .67447    .66684    .65934    .65195    .64468

 

 85    .69742    .68993    .68255    .67528    .66812    .66106

 

 86    .71241    .70517    .69805    .69102    .68410    .67727

 

 87    .72696    .72000    .71313    .70635    .69967    .69307

 

 88    .74108    .73438    .72777    .72125    .71480    .70845

 

 89    .75475    .74832    .74198    .73571    .72951    .72339

 

 90    .76796    .76180    .75572    .74971    .74376    .73788

 

 91    .78049    .77460    .76878    .76302    .75732    .75168

 

 92    .79211    .78647    .78089    .77537    .76990    .76449

 

 93    .80283    .79743    .79208    .78679    .78154    .77634

 

 94    .81283    .80765    .80253    .79744    .79240    .78741

 

 95    .82233    .81737    .81245    .80757    .80274    .79795

 

 96    .83126    .82651    .82180    .81712    .81248    .80788

 

 97    .83953    .83498    .83046    .82597    .82152    .81710

 

 98    .84731    .84294    .83860    .83429    .83002    .82577

 

 99    .85490    .85071    .84656    .84243    .83832    .83425

 

 100    .86229    .85828    .85431    .85035    .84642    .84252

 

 101    .86958    .86575    .86195    .85818    .85442    .85069

 

 102    .87674    .87310    .86947    .86587    .86229    .85873

 

 103    .88384    .88038    .87694    .87351    .87010    .86671

 

 104    .89143    .88817    .88492    .88169    .87847    .87526

 

 105    .89885    .89578    .89272    .88967    .88664    .88361

 

 106    .90840    .90559    .90278    .89999    .89720    .89442

 

 107    .91999    .91750    .91501    .91253    .91005    .90758

 

 108    .93805    .93609    .93412    .93216    .93020    .92824

 

 109    .96900    .96800    .96700    .96600    .96500    .96400

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     7.4%      7.6%      7.8%      8.0%

 

 ____________________________________________________________________

 

 0    .01976    .01898    .01828    .01765

 

 1    .01171    .01090    .01017    .00951

 

 2    .01190    .01104    .01028    .00959

 

 3    .01235    .01145    .01064    .00992

 

 4    .01296    .01201    .01116    .01039

 

 5    .01368    .01269    .01179    .01098

 

 6    .01450    .01345    .01251    .01166

 

 7    .01540    .01431    .01332    .01242

 

 8    .01640    .01524    .01420    .01326

 

 9    .01750    .01629    .01520    .01421

 

 10    .01872    .01745    .01631    .01526

 

 11    .02006    .01872    .01752    .01643

 

 12    .02149    .02010    .01884    .01769

 

 13    .02299    .02154    .02021    .01901

 

 14    .02450    .02298    .02159    .02033

 

 15    .02599    .02439    .02294    .02162

 

 16    .02743    .02576    .02424    .02286

 

 17    .02884    .02710    .02551    .02406

 

 18    .03024    .02842    .02676    .02524

 

 19    .03169    .02978    .02804    .02646

 

 20    .03321    .03122    .02940    .02773

 

 21    .03481    .03274    .03083    .02909

 

 22    .03650    .03433    .03234    .03052

 

 23    .03830    .03603    .03394    .03203

 

 24    .04021    .03784    .03566    .03367

 

 25    .04227    .03980    .03752    .03543

 

 26    .04448    .04189    .03951    .03732

 

 27    .04686    .04416    .04168    .03939

 

 28    .04940    .04658    .04398    .04159

 

 29    .05210    .04916    .04645    .04394

 

 30    .05495    .05189    .04906    .04644

 

 31    .05797    .05478    .05182    .04908

 

 32    .06116    .05783    .05475    .05189

 

 33    .06454    .06108    .05786    .05488

 

 34    .06812    .06452    .06117    .05805

 

 35    .07193    .06818    .06469    .06144

 

 36    .07596    .07206    .06842    .06503

 

 37    .08022    .07617    .07238    .06885

 

 38    .08475    .08054    .07661    .07293

 

 39    .08955    .08518    .08109    .07726

 

 40    .09465    .09011    .08587    .08189

 

 41    .10007    .09537    .09097    .08683

 

 42    .10583    .10097    .09640    .09210

 

 43    .11193    .10690    .10217    .09771

 

 44    .11838    .11318    .10828    .10367

 

 45    .12516    .11979    .11472    .10994

 

 46    .13228    .12674    .12150    .11656

 

 47    .13972    .13400    .12860    .12349

 

 48    .14749    .14161    .13604    .13077

 

 49    .15562    .14956    .14383    .13839

 

 50    .16412    .15790    .15199    .14639

 

 51    .17299    .16660    .16054    .15477

 

 52    .18220    .17566    .16943    .16350

 

 53    .19176    .18506    .17867    .17258

 

 54    .20166    .19480    .18826    .18201

 

 55    .21192    .20491    .19821    .19182

 

 56    .22254    .21538    .20854    .20199

 

 57    .23351    .22621    .21923    .21254

 

 58    .24481    .23738    .23025    .22343

 

 59    .25639    .24882    .24157    .23461

 

 60    .26823    .26055    .25317    .24608

 

 61    .28037    .27257    .26507    .25786

 

 62    .29285    .28495    .27734    .27001

 

 63    .30569    .29769    .28998    .28255

 

 64    .31887    .31078    .30298    .29545

 

 65    .33239    .32422    .31633    .30871

 

 66    .34628    .33804    .33008    .32238

 

 67    .36059    .35230    .34428    .33651

 

 68    .37530    .36697    .35890    .35108

 

 69    .39037    .38201    .37391    .36604

 

 70    .40571    .39735    .38922    .38132

 

 71    .42126    .41290    .40476    .39685

 

 72    .43697    .42862    .42048    .41257

 

 73    .45280    .44447    .43635    .42844

 

 74    .46880    .46051    .45242    .44454

 

 75    .48505    .47681    .46877    .46092

 

 76    .50160    .49344    .48546    .47766

 

 77    .51845    .51038    .50247    .49475

 

 78    .53557    .52760    .51980    .51216

 

 79    .55286    .54501    .53732    .52978

 

 80    .57014    .56243    .55487    .54745

 

 81    .58729    .57974    .57232    .56503

 

 82    .60423    .59683    .58957    .58242

 

 83    .62093    .61371    .60660    .59962

 

 84    .63753    .63049    .62356    .61674

 

 85    .65411    .64727    .64053    .63389

 

 86    .67054    .66390    .65736    .65091

 

 87    .68656    .68014    .67381    .66756

 

 88    .70217    .69597    .68985    .68380

 

 89    .71734    .71137    .70547    .69963

 

 90    .73207    .72633    .72065    .71503

 

 91    .74610    .74058    .73512    .72972

 

 92    .75913    .75383    .74858    .74338

 

 93    .77119    .76610    .76105    .75604

 

 94    .78247    .77756    .77270    .76789

 

 95    .79320    .78849    .78382    .77918

 

 96    .80332    .79880    .79431    .78985

 

 97    .81271    .80836    .80404    .79976

 

 98    .82155    .81737    .81321    .80908

 

 99    .83020    .82618    .82219    .81822

 

 100    .83864    .83478    .83095    .82714

 

 101    .84698    .84329    .83962    .83597

 

 102    .85518    .85166    .84815    .84466

 

 103    .86334    .85998    .85663    .85331

 

 104    .87207    .86889    .86573    .86258

 

 105    .88060    .87760    .87461    .87163

 

 106    .89165    .88888    .88613    .88338

 

 107    .90511    .90265    .90019    .89774

 

 108    .92629    .92434    .92239    .92044

 

 109    .96300    .96200    .96100    .96000

 

 ____________________________________________________________________

 

 TABLE U(1)

 

 BASED ON LIFE TABLE 90CM

 

 UNITRUST SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999

 

 ADJUSTED PAYOUT RATE

 

 ____________________________________________________________________

 

 AGE     8.2%      8.4%      8.6%      8.8%      9.0%      9.2%

 

 ____________________________________________________________________

 

 0    .01709    .01658    .01612    .01570    .01532    .01497

 

 1    .00892    .00839    .00791    .00747    .00708    .00672

 

 2    .00896    .00840    .00790    .00744    .00702    .00664

 

 3    .00926    .00867    .00814    .00765    .00721    .00681

 

 4    .00970    .00908    .00851    .00800    .00753    .00711

 

 5    .01026    .00960    .00900    .00846    .00796    .00751

 

 6    .01089    .01019    .00956    .00899    .00846    .00799

 

 7    .01161    .01088    .01021    .00960    .00905    .00854

 

 8    .01241    .01163    .01093    .01029    .00970    .00917

 

 9    .01331    .01249    .01175    .01107    .01045    .00988

 

 10    .01432    .01346    .01268    .01196    .01131    .01071

 

 11    .01543    .01453    .01370    .01295    .01226    .01162

 

 12    .01664    .01569    .01482    .01403    .01330    .01263

 

 13    .01791    .01691    .01600    .01516    .01440    .01369

 

 14    .01918    .01813    .01717    .01629    .01548    .01474

 

 15    .02041    .01931    .01831    .01738    .01653    .01576

 

 16    .02160    .02044    .01938    .01841    .01752    .01670

 

 17    .02274    .02152    .02041    .01940    .01846    .01760

 

 18    .02386    .02258    .02142    .02035    .01936    .01846

 

 19    .02500    .02367    .02245    .02132    .02029    .01933

 

 20    .02621    .02481    .02353    .02235    .02126    .02025

 

 21    .02749    .02603    .02468    .02344    .02229    .02124

 

 22    .02884    .02730    .02589    .02458    .02338    .02227

 

 23    .03028    .02867    .02718    .02581    .02454    .02337

 

 24    .03183    .03013    .02857    .02713    .02580    .02456

 

 25    .03350    .03172    .03008    .02857    .02717    .02587

 

 26    .03530    .03344    .03172    .03013    .02865    .02729

 

 27    .03727    .03532    .03351    .03183    .03028    .02885

 

 28    .03937    .03732    .03543    .03367    .03204    .03052

 

 29    .04162    .03947    .03748    .03564    .03392    .03233

 

 30    .04401    .04176    .03967    .03773    .03593    .03425

 

 31    .04654    .04419    .04200    .03996    .03807    .03630

 

 32    .04923    .04676    .04447    .04233    .04034    .03849

 

 33    .05210    .04952    .04711    .04487    .04278    .04083

 

 34    .05515    .05245    .04993    .04758    .04538    .04333

 

 35    .05841    .05558    .05295    .05048    .04818    .04603

 

 36    .06187    .05892    .05616    .05358    .05116    .04890

 

 37    .06555    .06247    .05958    .05688    .05435    .05198

 

 38    .06949    .06627    .06325    .06043    .05777    .05528

 

 39    .07368    .07032    .06717    .06421    .06143    .05882

 

 40    .07816    .07465    .07137    .06827    .06537    .06263

 

 41    .08295    .07930    .07587    .07264    .06960    .06674

 

 42    .08807    .08427    .08069    .07733    .07415    .07116

 

 43    .09352    .08957    .08585    .08233    .07902    .07589

 

 44    .09932    .09521    .09134    .08768    .08423    .08096

 

 45    .10543    .10117    .09715    .09334    .08974    .08634

 

 46    .11189    .10747    .10329    .09933    .09559    .09204

 

 47    .11866    .11408    .10974    .10564    .10174    .09805

 

 48    .12577    .12103    .11654    .11228    .10823    .10439

 

 49    .13323    .12833    .12368    .11926    .11506    .11107

 

 50    .14107    .13601    .13120    .12663    .12228    .11813

 

 51    .14928    .14407    .13910    .13437    .12987    .12558

 

 52    .15785    .15248    .14735    .14247    .13781    .13337

 

 53    .16678    .16124    .15597    .15093    .14612    .14153

 

 54    .17606    .17037    .16493    .15974    .15478    .15004

 

 55    .18570    .17986    .17428    .16893    .16382    .15893

 

 56    .19573    .18974    .18400    .17851    .17325    .16821

 

 57    .20613    .20000    .19412    .18848    .18307    .17789

 

 58    .21688    .21060    .20458    .19880    .19325    .18792

 

 59    .22793    .22151    .21535    .20943    .20374    .19827

 

 60    .23927    .23272    .22642    .22036    .21454    .20893

 

 61    .25092    .24425    .23782    .23163    .22567    .21993

 

 62    .26295    .25616    .24961    .24329    .23721    .23134

 

 63    .27538    .26847    .26180    .25537    .24916    .24316

 

 64    .28817    .28116    .27438    .26783    .26150    .25539

 

 65    .30134    .29423    .28735    .28069    .27426    .26803

 

 66    .31493    .30772    .30075    .29399    .28746    .28113

 

 67    .32899    .32170    .31464    .30780    .30118    .29475

 

 68    .34349    .33614    .32901    .32209    .31538    .30887

 

 69    .35841    .35100    .34381    .33683    .33005    .32346

 

 70    .37366    .36620    .35896    .35193    .34509    .33844

 

 71    .38916    .38167    .37440    .36732    .36043    .35372

 

 72    .40486    .39736    .39006    .38295    .37602    .36927

 

 73    .42074    .41323    .40591    .39878    .39182    .38504

 

 74    .43685    .42934    .42202    .41488    .40791    .40110

 

 75    .45326    .44577    .43846    .43132    .42435    .41754

 

 76    .47004    .46259    .45530    .44818    .44122    .43442

 

 77    .48718    .47979    .47255    .46547    .45853    .45175

 

 78    .50467    .49735    .49017    .48314    .47626    .46951

 

 79    .52239    .51515    .50806    .50110    .49427    .48758

 

 80    .54018    .53304    .52603    .51916    .51242    .50580

 

 81    .55788    .55085    .54396    .53718    .53053    .52399

 

 82    .57540    .56851    .56173    .55506    .54851    .54207

 

 83    .59274    .58598    .57933    .57279    .56635    .56001

 

 84    .61002    .60341    .59690    .59049    .58418    .57796

 

 85    .62734    .62090    .61454    .60828    .60211    .59603

 

 86    .64455    .63828    .63210    .62600    .61999    .61406

 

 87    .66139    .65531    .64930    .64337    .63752    .63175

 

 88    .67783    .67194    .66612    .66037    .65469    .64908

 

 89    .69387    .68817    .68254    .67698    .67148    .66605

 

 90    .70947    .70398    .69855    .69318    .68786    .68261

 

 91    .72437    .71908    .71385    .70867    .70354    .69847

 

 92    .73823    .73314    .72810    .72310    .71816    .71326

 

 93    .75109    .74618    .74132    .73650    .73173    .72700

 

 94    .76312    .75839    .75370    .74905    .74445    .73988

 

 95    .77459    .77004    .76552    .76104    .75660    .75220

 

 96    .78543    .78105    .77670    .77238    .76810    .76386

 

 97    .79550    .79128    .78709    .78293    .77880    .77470

 

 98    .80498    .80091    .79687    .79286    .78888    .78492

 

 99    .81428    .81036    .80647    .80261    .79877    .79496

 

 100    .82336    .81959    .81586    .81214    .80845    .80478

 

 101    .83234    .82873    .82515    .82158    .81804    .81451

 

 102    .84119    .83774    .83431    .83089    .82750    .82412

 

 103    .84999    .84670    .84342    .84016    .83691    .83368

 

 104    .85944    .85632    .85321    .85011    .84703    .84396

 

 105    .86866    .86570    .86276    .85982    .85690    .85399

 

 106    .88065    .87792    .87520    .87248    .86978    .86708

 

 107    .89530    .89286    .89042    .88799    .88557    .88315

 

 108    .91849    .91654    .91460    .91266    .91072    .90879

 

 109    .95900    .95800    .95700    .95600    .95500    .95400

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     9.4%      9.6%      9.8%     10.0%

 

 ____________________________________________________________________

 

 0    .01466    .01437    .01410    .01386

 

 1    .00639    .00609    .00582    .00557

 

 2    .00629    .00598    .00569    .00542

 

 3    .00644    .00611    .00580    .00552

 

 4    .00672    .00636    .00604    .00574

 

 5    .00710    .00672    .00637    .00606

 

 6    .00755    .00715    .00678    .00644

 

 7    .00808    .00765    .00726    .00690

 

 8    .00867    .00822    .00781    .00743

 

 9    .00936    .00889    .00845    .00804

 

 10    .01016    .00965    .00918    .00875

 

 11    .01104    .01051    .01001    .00956

 

 12    .01202    .01145    .01093    .01045

 

 13    .01304    .01245    .01190    .01139

 

 14    .01406    .01343    .01285    .01231

 

 15    .01504    .01437    .01376    .01320

 

 16    .01595    .01525    .01460    .01401

 

 17    .01680    .01607    .01539    .01476

 

 18    .01762    .01685    .01613    .01547

 

 19    .01845    .01764    .01689    .01619

 

 20    .01933    .01847    .01768    .01694

 

 21    .02026    .01936    .01852    .01774

 

 22    .02124    .02029    .01940    .01859

 

 23    .02229    .02128    .02035    .01949

 

 24    .02342    .02236    .02138    .02047

 

 25    .02467    .02355    .02251    .02155

 

 26    .02602    .02484    .02375    .02273

 

 27    .02751    .02627    .02511    .02404

 

 28    .02911    .02780    .02658    .02545

 

 29    .03084    .02946    .02818    .02698

 

 30    .03269    .03124    .02988    .02861

 

 31    .03466    .03312    .03169    .03035

 

 32    .03676    .03514    .03363    .03221

 

 33    .03901    .03731    .03571    .03422

 

 34    .04142    .03962    .03794    .03637

 

 35    .04401    .04212    .04035    .03869

 

 36    .04678    .04480    .04293    .04118

 

 37    .04975    .04766    .04570    .04385

 

 38    .05295    .05075    .04868    .04674

 

 39    .05637    .05406    .05189    .04984

 

 40    .06006    .05764    .05535    .05320

 

 41    .06405    .06150    .05910    .05683

 

 42    .06833    .06567    .06315    .06077

 

 43    .07294    .07014    .06750    .06500

 

 44    .07787    .07495    .07218    .06956

 

 45    .08311    .08005    .07716    .07441

 

 46    .08867    .08548    .08245    .07958

 

 47    .09454    .09121    .08805    .08504

 

 48    .10074    .09727    .09397    .09083

 

 49    .10728    .10366    .10022    .09695

 

 50    .11419    .11043    .10685    .10344

 

 51    .12149    .11758    .11386    .11031

 

 52    .12913    .12508    .12122    .11752

 

 53    .13714    .13294    .12893    .12509

 

 54    .14550    .14116    .13700    .13302

 

 55    .15424    .14976    .14546    .14134

 

 56    .16338    .15875    .15430    .15004

 

 57    .17291    .16814    .16355    .15914

 

 58    .18280    .17788    .17316    .16861

 

 59    .19301    .18795    .18309    .17840

 

 60    .20354    .19834    .19334    .18851

 

 61    .21440    .20907    .20393    .19898

 

 62    .22568    .22021    .21494    .20985

 

 63    .23738    .23179    .22639    .22117

 

 64    .24949    .24377    .23825    .23291

 

 65    .26201    .25618    .25054    .24508

 

 66    .27500    .26906    .26331    .25774

 

 67    .28852    .28248    .27663    .27095

 

 68    .30256    .29643    .29047    .28469

 

 69    .31707    .31085    .30481    .29894

 

 70    .33197    .32568    .31957    .31362

 

 71    .34720    .34084    .33466    .32864

 

 72    .36270    .35629    .35005    .34396

 

 73    .37843    .37198    .36568    .35955

 

 74    .39446    .38798    .38165    .37547

 

 75    .41088    .40438    .39802    .39181

 

 76    .42776    .42125    .41488    .40865

 

 77    .44511    .43861    .43225    .42601

 

 78    .46290    .45643    .45008    .44386

 

 79    .48102    .47459    .46828    .46209

 

 80    .49930    .49292    .48666    .48052

 

 81    .51757    .51126    .50507    .49898

 

 82    .53574    .52951    .52339    .51737

 

 83    .55378    .54765    .54161    .53567

 

 84    .57184    .56582    .55988    .55403

 

 85    .59004    .58414    .57832    .57258

 

 86    .60821    .60244    .59675    .59113

 

 87    .62605    .62043    .61488    .60939

 

 88    .64354    .63807    .63267    .62733

 

 89    .66068    .65537    .65012    .64493

 

 90    .67742    .67228    .66719    .66217

 

 91    .69345    .68848    .68357    .67870

 

 92    .70841    .70361    .69886    .69415

 

 93    .72232    .71768    .71308    .70852

 

 94    .73536    .73087    .72643    .72202

 

 95    .74783    .74350    .73920    .73494

 

 96    .75964    .75546    .75131    .74720

 

 97    .77063    .76659    .76258    .75860

 

 98    .78099    .77709    .77322    .76937

 

 99    .79117    .78741    .78367    .77995

 

 100    .80113    .79751    .79390    .79032

 

 101    .81101    .80753    .80406    .80062

 

 102    .82076    .81742    .81409    .81078

 

 103    .83046    .82726    .82408    .82091

 

 104    .84090    .83786    .83483    .83182

 

 105    .85109    .84820    .84532    .84245

 

 106    .86440    .86172    .85905    .85638

 

 107    .88073    .87833    .87592    .87352

 

 108    .90685    .90492    .90299    .90106

 

 109    .95300    .95200    .95100    .95000

 

 ____________________________________________________________________

 

 TABLE U(1)

 

 BASED ON LIFE TABLE 90CM

 

 UNITRUST SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999

 

 ADJUSTED PAYOUT RATE

 

 ____________________________________________________________________

 

 AGE    10.2%     10.4%     10.6%     10.8%     11.0%     11.2%

 

 ____________________________________________________________________

 

 0    .01363    .01342    .01323    .01305    .01288    .01272

 

 1    .00534    .00512    .00493    .00474    .00458    .00442

 

 2    .00518    .00495    .00474    .00455    .00437    .00421

 

 3    .00526    .00502    .00480    .00459    .00440    .00422

 

 4    .00546    .00521    .00497    .00475    .00455    .00436

 

 5    .00576    .00549    .00524    .00501    .00479    .00459

 

 6    .00613    .00584    .00557    .00532    .00509    .00488

 

 7    .00657    .00626    .00598    .00571    .00547    .00524

 

 8    .00707    .00675    .00644    .00616    .00590    .00565

 

 9    .00766    .00732    .00699    .00669    .00641    .00615

 

 10    .00835    .00798    .00764    .00732    .00702    .00675

 

 11    .00913    .00874    .00838    .00804    .00772    .00743

 

 12    .01000    .00959    .00920    .00884    .00851    .00819

 

 13    .01091    .01048    .01007    .00969    .00933    .00900

 

 14    .01181    .01135    .01092    .01052    .01014    .00979

 

 15    .01267    .01218    .01173    .01130    .01091    .01054

 

 16    .01345    .01294    .01246    .01201    .01160    .01121

 

 17    .01418    .01364    .01313    .01266    .01222    .01181

 

 18    .01486    .01429    .01375    .01326    .01279    .01236

 

 19    .01554    .01494    .01438    .01385    .01336    .01291

 

 20    .01626    .01562    .01503    .01448    .01396    .01348

 

 21    .01702    .01635    .01573    .01514    .01460    .01409

 

 22    .01782    .01711    .01645    .01584    .01526    .01472

 

 23    .01868    .01793    .01724    .01658    .01597    .01540

 

 24    .01962    .01883    .01809    .01740    .01675    .01615

 

 25    .02065    .01981    .01903    .01830    .01762    .01698

 

 26    .02178    .02089    .02006    .01929    .01856    .01789

 

 27    .02303    .02209    .02122    .02040    .01963    .01891

 

 28    .02439    .02339    .02247    .02160    .02079    .02002

 

 29    .02585    .02480    .02382    .02290    .02204    .02123

 

 30    .02742    .02631    .02527    .02430    .02339    .02253

 

 31    .02910    .02793    .02683    .02579    .02482    .02391

 

 32    .03089    .02965    .02849    .02739    .02636    .02540

 

 33    .03282    .03151    .03028    .02912    .02803    .02701

 

 34    .03489    .03350    .03220    .03097    .02982    .02873

 

 35    .03713    .03567    .03429    .03299    .03177    .03061

 

 36    .03953    .03798    .03653    .03515    .03386    .03263

 

 37    .04211    .04048    .03894    .03748    .03611    .03481

 

 38    .04490    .04318    .04155    .04001    .03856    .03719

 

 39    .04791    .04609    .04437    .04274    .04120    .03975

 

 40    .05116    .04924    .04742    .04571    .04408    .04254

 

 41    .05469    .05267    .05075    .04894    .04722    .04559

 

 42    .05851    .05638    .05436    .05245    .05063    .04891

 

 43    .06263    .06039    .05827    .05625    .05433    .05252

 

 44    .06707    .06472    .06248    .06035    .05834    .05642

 

 45    .07180    .06933    .06698    .06474    .06262    .06059

 

 46    .07685    .07425    .07178    .06943    .06720    .06507

 

 47    .08218    .07946    .07687    .07440    .07205    .06981

 

 48    .08784    .08499    .08228    .07969    .07722    .07487

 

 49    .09382    .09085    .08801    .08530    .08271    .08024

 

 50    .10018    .09707    .09410    .09127    .08856    .08597

 

 51    .10691    .10367    .10057    .09761    .09477    .09206

 

 52    .11399    .11061    .10738    .10429    .10132    .09849

 

 53    .12142    .11791    .11454    .11132    .10823    .10526

 

 54    .12921    .12556    .12206    .11870    .11548    .11239

 

 55    .13738    .13359    .12995    .12646    .12311    .11989

 

 56    .14595    .14202    .13824    .13462    .13113    .12778

 

 57    .15491    .15084    .14693    .14317    .13955    .13607

 

 58    .16424    .16004    .15599    .15209    .14834    .14473

 

 59    .17390    .16955    .16537    .16134    .15746    .15371

 

 60    .18387    .17939    .17507    .17091    .16689    .16302

 

 61    .19420    .18958    .18513    .18084    .17669    .17268

 

 62    .20494    .20020    .19561    .19119    .18691    .18277

 

 63    .21613    .21126    .20654    .20199    .19758    .19331

 

 64    .22774    .22274    .21791    .21322    .20869    .20429

 

 65    .23979    .23467    .22971    .22490    .22025    .21573

 

 66    .25233    .24709    .24202    .23709    .23231    .22767

 

 67    .26543    .26009    .25489    .24985    .24496    .24021

 

 68    .27908    .27363    .26833    .26319    .25819    .25332

 

 69    .29324    .28769    .28230    .27705    .27195    .26699

 

 70    .30783    .30219    .29671    .29137    .28618    .28112

 

 71    .32277    .31706    .31150    .30608    .30079    .29564

 

 72    .33803    .33225    .32661    .32112    .31575    .31052

 

 73    .35356    .34772    .34201    .33645    .33101    .32571

 

 74    .36943    .36354    .35778    .35215    .34666    .34129

 

 75    .38574    .37980    .37400    .36833    .36278    .35735

 

 76    .40256    .39660    .39076    .38505    .37947    .37400

 

 77    .41991    .41394    .40808    .40235    .39674    .39124

 

 78    .43777    .43180    .42594    .42020    .41457    .40906

 

 79    .45602    .45007    .44422    .43849    .43287    .42735

 

 80    .47449    .46856    .46275    .45704    .45143    .44592

 

 81    .49300    .48712    .48134    .47566    .47008    .46460

 

 82    .51145    .50563    .49990    .49427    .48873    .48328

 

 83    .52983    .52407    .51841    .51284    .50735    .50195

 

 84    .54828    .54261    .53702    .53151    .52609    .52075

 

 85    .56693    .56135    .55586    .55044    .54510    .53983

 

 86    .58560    .58013    .57474    .56943    .56418    .55901

 

 87    .60398    .59864    .59337    .58817    .58303    .57795

 

 88    .62206    .61685    .61170    .60662    .60159    .59663

 

 89    .63980    .63474    .62972    .62477    .61987    .61503

 

 90    .65719    .65227    .64741    .64259    .63783    .63312

 

 91    .67388    .66912    .66440    .65973    .65511    .65053

 

 92    .68949    .68487    .68030    .67577    .67129    .66685

 

 93    .70401    .69954    .69511    .69072    .68637    .68205

 

 94    .71765    .71332    .70902    .70477    .70055    .69636

 

 95    .73072    .72653    .72237    .71825    .71416    .71010

 

 96    .74311    .73906    .73504    .73105    .72709    .72316

 

 97    .75465    .75073    .74684    .74297    .73914    .73533

 

 98    .76555    .76175    .75798    .75424    .75052    .74683

 

 99    .77626    .77260    .76895    .76534    .76174    .75817

 

 100    .78676    .78323    .77971    .77622    .77274    .76929

 

 101    .79719    .79379    .79040    .78703    .78368    .78035

 

 102    .80749    .80422    .80096    .79772    .79450    .79130

 

 103    .81775    .81461    .81149    .80838    .80529    .80221

 

 104    .82881    .82582    .82284    .81988    .81693    .81399

 

 105    .83959    .83674    .83391    .83108    .82826    .82546

 

 106    .85373    .85108    .84844    .84581    .84319    .84058

 

 107    .87113    .86875    .86636    .86399    .86161    .85925

 

 108    .89913    .89721    .89529    .89337    .89145    .88953

 

 109    .94900    .94800    .94700    .94600    .94500    .94400

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE    11.4%     11.6%     11.8%     12.0%

 

 ____________________________________________________________________

 

 0    .01258    .01244    .01231    .01219

 

 1    .00427    .00414    .00401    .00389

 

 2    .00405    .00391    .00377    .00365

 

 3    .00406    .00391    .00376    .00363

 

 4    .00419    .00402    .00387    .00373

 

 5    .00440    .00423    .00406    .00391

 

 6    .00468    .00449    .00432    .00415

 

 7    .00502    .00482    .00464    .00446

 

 8    .00542    .00521    .00501    .00482

 

 9    .00591    .00568    .00547    .00527

 

 10    .00649    .00624    .00602    .00580

 

 11    .00715    .00689    .00665    .00642

 

 12    .00790    .00762    .00737    .00712

 

 13    .00869    .00840    .00813    .00787

 

 14    .00947    .00916    .00887    .00860

 

 15    .01019    .00987    .00956    .00928

 

 16    .01084    .01050    .01018    .00988

 

 17    .01143    .01107    .01073    .01041

 

 18    .01196    .01158    .01122    .01088

 

 19    .01248    .01208    .01170    .01135

 

 20    .01303    .01260    .01220    .01183

 

 21    .01361    .01316    .01274    .01235

 

 22    .01422    .01374    .01330    .01288

 

 23    .01487    .01437    .01390    .01345

 

 24    .01558    .01505    .01455    .01408

 

 25    .01638    .01581    .01528    .01478

 

 26    .01725    .01665    .01609    .01556

 

 27    .01824    .01760    .01700    .01644

 

 28    .01931    .01863    .01800    .01740

 

 29    .02047    .01976    .01908    .01845

 

 30    .02172    .02096    .02025    .01957

 

 31    .02306    .02225    .02149    .02077

 

 32    .02449    .02363    .02282    .02206

 

 33    .02604    .02513    .02427    .02346

 

 34    .02771    .02674    .02583    .02497

 

 35    .02953    .02850    .02753    .02661

 

 36    .03148    .03039    .02936    .02838

 

 37    .03359    .03243    .03134    .03030

 

 38    .03589    .03466    .03350    .03239

 

 39    .03837    .03707    .03583    .03466

 

 40    .04108    .03970    .03839    .03714

 

 41    .04405    .04258    .04119    .03987

 

 42    .04728    .04573    .04425    .04285

 

 43    .05079    .04915    .04759    .04610

 

 44    .05459    .05286    .05121    .04963

 

 45    .05867    .05684    .05509    .05342

 

 46    .06304    .06110    .05926    .05750

 

 47    .06768    .06564    .06369    .06183

 

 48    .07262    .07047    .06842    .06646

 

 49    .07788    .07562    .07346    .07140

 

 50    .08349    .08112    .07885    .07667

 

 51    .08946    .08697    .08459    .08231

 

 52    .09577    .09316    .09066    .08826

 

 53    .10242    .09969    .09707    .09456

 

 54    .10942    .10657    .10383    .10120

 

 55    .11679    .11382    .11096    .10820

 

 56    .12456    .12146    .11847    .11560

 

 57    .13272    .12949    .12638    .12338

 

 58    .14125    .13789    .13465    .13153

 

 59    .15010    .14662    .14325    .14001

 

 60    .15927    .15566    .15217    .14880

 

 61    .16881    .16506    .16145    .15795

 

 62    .17877    .17490    .17115    .16753

 

 63    .18918    .18518    .18131    .17757

 

 64    .20004    .19592    .19192    .18805

 

 65    .21135    .20710    .20299    .19899

 

 66    .22318    .21881    .21457    .21045

 

 67    .23560    .23111    .22676    .22252

 

 68    .24860    .24400    .23954    .23519

 

 69    .26216    .25746    .25288    .24843

 

 70    .27619    .27139    .26672    .26216

 

 71    .29063    .28573    .28096    .27631

 

 72    .30542    .30044    .29559    .29084

 

 73    .32053    .31547    .31053    .30571

 

 74    .33604    .33091    .32590    .32100

 

 75    .35205    .34686    .34178    .33681

 

 76    .36864    .36340    .35827    .35324

 

 77    .38585    .38056    .37539    .37032

 

 78    .40365    .39834    .39314    .38803

 

 79    .42193    .41661    .41139    .40627

 

 80    .44051    .43519    .42997    .42484

 

 81    .45921    .45391    .44870    .44357

 

 82    .47792    .47265    .46746    .46235

 

 83    .49663    .49139    .48624    .48116

 

 84    .51549    .51030    .50519    .50015

 

 85    .53464    .52952    .52447    .51949

 

 86    .55390    .54886    .54389    .53898

 

 87    .57294    .56799    .56310    .55828

 

 88    .59173    .58688    .58209    .57736

 

 89    .61024    .60551    .60083    .59620

 

 90    .62846    .62385    .61928    .61477

 

 91    .64600    .64152    .63708    .63269

 

 92    .66245    .65809    .65378    .64950

 

 93    .67778    .67355    .66935    .66519

 

 94    .69222    .68810    .68403    .67998

 

 95    .70608    .70209    .69813    .69421

 

 96    .71926    .71539    .71155    .70774

 

 97    .73155    .72780    .72407    .72037

 

 98    .74317    .73953    .73591    .73232

 

 99    .75462    .75109    .74759    .74411

 

 100    .76586    .76245    .75906    .75569

 

 101    .77704    .77375    .77048    .76722

 

 102    .78811    .78494    .78178    .77864

 

 103    .79914    .79609    .79306    .79003

 

 104    .81106    .80815    .80525    .80236

 

 105    .82267    .81988    .81711    .81435

 

 106    .83797    .83537    .83278    .83020

 

 107    .85689    .85453    .85218    .84984

 

 108    .88762    .88571    .88380    .88189

 

 109    .94300    .94200    .94100    .94000

 

 ____________________________________________________________________

 

 TABLE U(1)

 

 BASED ON LIFE TABLE 90CM

 

 UNITRUST SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE FOR TRANSFERS AFTER APRIL 30, 1999

 

 ADJUSTED PAYOUT RATE

 

 ____________________________________________________________________

 

 AGE    12.2%     12.4%     12.6%     12.8%     13.0%     13.2%

 

 ____________________________________________________________________

 

 0    .01208    .01197    .01187    .01177    .01168    .01159

 

 1    .00378    .00367    .00358    .00348    .00340    .00331

 

 2    .00353    .00342    .00331    .00322    .00312    .00304

 

 3    .00350    .00339    .00327    .00317    .00307    .00298

 

 4    .00359    .00347    .00335    .00324    .00313    .00303

 

 5    .00377    .00363    .00351    .00339    .00327    .00317

 

 6    .00400    .00386    .00372    .00359    .00347    .00335

 

 7    .00430    .00414    .00400    .00386    .00373    .00360

 

 8    .00465    .00448    .00432    .00417    .00403    .00390

 

 9    .00508    .00490    .00473    .00457    .00442    .00428

 

 10    .00560    .00541    .00523    .00506    .00490    .00475

 

 11    .00620    .00600    .00581    .00563    .00546    .00529

 

 12    .00689    .00668    .00647    .00628    .00610    .00593

 

 13    .00763    .00740    .00718    .00698    .00678    .00660

 

 14    .00834    .00810    .00787    .00766    .00745    .00726

 

 15    .00901    .00875    .00851    .00828    .00807    .00786

 

 16    .00959    .00932    .00907    .00883    .00860    .00839

 

 17    .01011    .00983    .00956    .00930    .00907    .00884

 

 18    .01057    .01027    .00999    .00972    .00947    .00923

 

 19    .01101    .01070    .01040    .01012    .00985    .00960

 

 20    .01148    .01115    .01083    .01054    .01026    .00999

 

 21    .01197    .01162    .01129    .01098    .01068    .01040

 

 22    .01249    .01211    .01176    .01143    .01112    .01082

 

 23    .01304    .01264    .01227    .01192    .01159    .01127

 

 24    .01364    .01322    .01283    .01246    .01210    .01177

 

 25    .01431    .01387    .01345    .01306    .01268    .01233

 

 26    .01506    .01459    .01415    .01373    .01333    .01295

 

 27    .01591    .01541    .01494    .01449    .01407    .01367

 

 28    .01684    .01631    .01580    .01533    .01488    .01445

 

 29    .01785    .01728    .01675    .01624    .01577    .01531

 

 30    .01893    .01833    .01776    .01723    .01672    .01623

 

 31    .02010    .01946    .01885    .01828    .01773    .01722

 

 32    .02134    .02066    .02002    .01940    .01883    .01828

 

 33    .02270    .02197    .02128    .02063    .02002    .01943

 

 34    .02415    .02338    .02265    .02195    .02130    .02067

 

 35    .02574    .02492    .02414    .02340    .02270    .02203

 

 36    .02746    .02658    .02575    .02496    .02422    .02350

 

 37    .02932    .02838    .02750    .02666    .02586    .02510

 

 38    .03135    .03035    .02941    .02851    .02766    .02685

 

 39    .03355    .03249    .03149    .03053    .02962    .02876

 

 40    .03596    .03484    .03377    .03275    .03178    .03086

 

 41    .03861    .03742    .03628    .03520    .03416    .03318

 

 42    .04152    .04025    .03903    .03788    .03678    .03573

 

 43    .04468    .04333    .04205    .04082    .03965    .03853

 

 44    .04813    .04670    .04533    .04403    .04278    .04159

 

 45    .05183    .05032    .04887    .04748    .04616    .04489

 

 46    .05582    .05421    .05267    .05121    .04980    .04846

 

 47    .06006    .05836    .05673    .05518    .05369    .05226

 

 48    .06459    .06279    .06107    .05943    .05785    .05634

 

 49    .06942    .06752    .06571    .06397    .06230    .06070

 

 50    .07459    .07259    .07068    .06884    .06708    .06538

 

 51    .08012    .07801    .07599    .07406    .07220    .07041

 

 52    .08596    .08375    .08163    .07959    .07763    .07574

 

 53    .09214    .08982    .08759    .08544    .08338    .08139

 

 54    .09867    .09623    .09389    .09164    .08946    .08737

 

 55    .10556    .10301    .10055    .09819    .09591    .09371

 

 56    .11283    .11016    .10759    .10511    .10272    .10042

 

 57    .12050    .11771    .11502    .11243    .10993    .10751

 

 58    .12852    .12562    .12281    .12011    .11749    .11496

 

 59    .13687    .13385    .13092    .12810    .12537    .12273

 

 60    .14554    .14240    .13935    .13641    .13356    .13080

 

 61    .15457    .15130    .14813    .14507    .14210    .13923

 

 62    .16402    .16063    .15734    .15415    .15107    .14808

 

 63    .17393    .17042    .16700    .16370    .16049    .15738

 

 64    .18429    .18065    .17712    .17369    .17036    .16714

 

 65    .19511    .19135    .18769    .18415    .18070    .17735

 

 66    .20645    .20257    .19880    .19513    .19157    .18810

 

 67    .21841    .21441    .21052    .20673    .20305    .19947

 

 68    .23096    .22685    .22284    .21895    .21515    .21146

 

 69    .24409    .23987    .23575    .23175    .22784    .22404

 

 70    .25772    .25339    .24918    .24507    .24106    .23715

 

 71    .27178    .26735    .26304    .25882    .25471    .25070

 

 72    .28622    .28170    .27729    .27298    .26877    .26467

 

 73    .30100    .29639    .29189    .28749    .28320    .27899

 

 74    .31621    .31152    .30694    .30246    .29807    .29378

 

 75    .33195    .32719    .32253    .31797    .31351    .30914

 

 76    .34832    .34350    .33877    .33415    .32961    .32517

 

 77    .36535    .36047    .35570    .35101    .34642    .34192

 

 78    .38302    .37811    .37329    .36856    .36392    .35937

 

 79    .40124    .39630    .39145    .38669    .38201    .37742

 

 80    .41980    .41485    .40998    .40520    .40050    .39588

 

 81    .43854    .43358    .42871    .42392    .41921    .41457

 

 82    .45733    .45238    .44752    .44273    .43802    .43338

 

 83    .47616    .47123    .46638    .46161    .45690    .45227

 

 84    .49519    .49030    .48548    .48073    .47604    .47143

 

 85    .51458    .50974    .50496    .50025    .49560    .49102

 

 86    .53413    .52935    .52463    .51998    .51538    .51084

 

 87    .55351    .54881    .54416    .53957    .53503    .53055

 

 88    .57268    .56806    .56349    .55898    .55451    .55010

 

 89    .59162    .58710    .58262    .57819    .57382    .56949

 

 90    .61030    .60588    .60151    .59718    .59290    .58866

 

 91    .62834    .62403    .61977    .61554    .61136    .60722

 

 92    .64527    .64107    .63692    .63280    .62872    .62468

 

 93    .66107    .65699    .65294    .64893    .64495    .64101

 

 94    .67597    .67200    .66806    .66415    .66027    .65643

 

 95    .69031    .68645    .68262    .67881    .67504    .67130

 

 96    .70396    .70021    .69648    .69279    .68912    .68548

 

 97    .71670    .71305    .70943    .70584    .70227    .69872

 

 98    .72875    .72521    .72169    .71819    .71472    .71127

 

 99    .74065    .73721    .73379    .73040    .72703    .72368

 

 100    .75234    .74901    .74570    .74241    .73914    .73589

 

 101    .76399    .76077    .75757    .75438    .75122    .74807

 

 102    .77552    .77241    .76932    .76625    .76319    .76015

 

 103    .78703    .78404    .78106    .77809    .77514    .77221

 

 104    .79948    .79662    .79377    .79093    .78810    .78528

 

 105    .81159    .80885    .80612    .80340    .80069    .79799

 

 106    .82763    .82506    .82250    .81995    .81741    .81488

 

 107    .84749    .84516    .84283    .84051    .83819    .83587

 

 108    .87999    .87808    .87618    .87428    .87238    .87049

 

 109    .93900    .93800    .93700    .93600    .93500    .93400

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE    13.4%     13.6%     13.8%     14.0%

 

 ____________________________________________________________________

 

 0    .01151    .01143    .01135    .01128

 

 1    .00323    .00316    .00309    .00302

 

 2    .00295    .00288    .00280    .00273

 

 3    .00289    .00281    .00273    .00265

 

 4    .00294    .00285    .00276    .00268

 

 5    .00306    .00297    .00288    .00279

 

 6    .00325    .00314    .00305    .00295

 

 7    .00349    .00338    .00327    .00317

 

 8    .00378    .00366    .00354    .00344

 

 9    .00414    .00402    .00389    .00378

 

 10    .00460    .00446    .00433    .00421

 

 11    .00514    .00499    .00485    .00472

 

 12    .00576    .00560    .00545    .00531

 

 13    .00642    .00626    .00610    .00595

 

 14    .00707    .00689    .00673    .00657

 

 15    .00767    .00748    .00730    .00714

 

 16    .00818    .00799    .00780    .00762

 

 17    .00862    .00842    .00822    .00804

 

 18    .00900    .00879    .00858    .00839

 

 19    .00936    .00914    .00892    .00871

 

 20    .00974    .00950    .00927    .00905

 

 21    .01014    .00988    .00964    .00941

 

 22    .01054    .01027    .01002    .00978

 

 23    .01098    .01069    .01042    .01017

 

 24    .01145    .01115    .01087    .01060

 

 25    .01199    .01168    .01137    .01109

 

 26    .01260    .01226    .01194    .01163

 

 27    .01329    .01293    .01259    .01226

 

 28    .01405    .01367    .01330    .01296

 

 29    .01488    .01447    .01408    .01372

 

 30    .01578    .01534    .01493    .01453

 

 31    .01673    .01627    .01582    .01540

 

 32    .01776    .01726    .01679    .01634

 

 33    .01887    .01835    .01784    .01736

 

 34    .02008    .01951    .01897    .01846

 

 35    .02140    .02080    .02022    .01967

 

 36    .02283    .02218    .02157    .02098

 

 37    .02438    .02369    .02303    .02241

 

 38    .02608    .02534    .02464    .02397

 

 39    .02793    .02715    .02640    .02568

 

 40    .02998    .02914    .02833    .02757

 

 41    .03224    .03134    .03048    .02966

 

 42    .03473    .03377    .03285    .03198

 

 43    .03746    .03644    .03546    .03453

 

 44    .04045    .03936    .03832    .03732

 

 45    .04368    .04252    .04141    .04034

 

 46    .04717    .04593    .04475    .04362

 

 47    .05089    .04958    .04832    .04711

 

 48    .05488    .05349    .05216    .05087

 

 49    .05916    .05768    .05626    .05490

 

 50    .06376    .06219    .06069    .05924

 

 51    .06869    .06703    .06544    .06391

 

 52    .07392    .07218    .07049    .06887

 

 53    .07948    .07763    .07586    .07415

 

 54    .08536    .08342    .08154    .07974

 

 55    .09159    .08955    .08757    .08567

 

 56    .09819    .09605    .09397    .09197

 

 57    .10518    .10293    .10075    .09864

 

 58    .11252    .11016    .10787    .10567

 

 59    .12017    .11770    .11531    .11299

 

 60    .12813    .12555    .12305    .12063

 

 61    .13644    .13375    .13113    .12860

 

 62    .14518    .14237    .13964    .13699

 

 63    .15437    .15144    .14860    .14584

 

 64    .16400    .16096    .15800    .15513

 

 65    .17410    .17094    .16787    .16488

 

 66    .18473    .18146    .17827    .17517

 

 67    .19599    .19259    .18929    .18608

 

 68    .20786    .20436    .20094    .19762

 

 69    .22033    .21672    .21320    .20976

 

 70    .23333    .22961    .22598    .22244

 

 71    .24679    .24296    .23923    .23559

 

 72    .26065    .25673    .25290    .24915

 

 73    .27489    .27087    .26694    .26310

 

 74    .28959    .28548    .28146    .27753

 

 75    .30486    .30067    .29657    .29255

 

 76    .32082    .31656    .31238    .30828

 

 77    .33750    .33317    .32892    .32475

 

 78    .35490    .35051    .34621    .34198

 

 79    .37291    .36848    .36413    .35985

 

 80    .39134    .38688    .38249    .37818

 

 81    .41001    .40553    .40112    .39678

 

 82    .42881    .42431    .41989    .41553

 

 83    .44770    .44320    .43877    .43441

 

 84    .46688    .46239    .45797    .45361

 

 85    .48650    .48204    .47763    .47329

 

 86    .50636    .50194    .49758    .49327

 

 87    .52613    .52176    .51744    .51317

 

 88    .54574    .54144    .53718    .53296

 

 89    .56520    .56097    .55678    .55263

 

 90    .58447    .58032    .57621    .57214

 

 91    .60312    .59907    .59505    .59107

 

 92    .62068    .61672    .61279    .60890

 

 93    .63711    .63323    .62940    .62559

 

 94    .65262    .64884    .64509    .64138

 

 95    .66759    .66390    .66025    .65662

 

 96    .68186    .67828    .67471    .67118

 

 97    .69520    .69171    .68824    .68480

 

 98    .70784    .70444    .70106    .69770

 

 99    .72035    .71704    .71375    .71048

 

 100    .73265    .72944    .72625    .72307

 

 101    .74494    .74183    .73873    .73565

 

 102    .75712    .75411    .75111    .74813

 

 103    .76929    .76638    .76348    .76060

 

 104    .78248    .77969    .77691    .77414

 

 105    .79530    .79262    .78995    .78729

 

 106    .81235    .80983    .80732    .80482

 

 107    .83356    .83126    .82896    .82666

 

 108    .86859    .86670    .86481    .86293

 

 109    .93300    .93200    .93100    .93000

 

 ____________________________________________________________________

 

 

(f) EFFECTIVE DATES. This section applies after April 30, 1999.

Section 1.664-4T [Removed]

Par. 8. Section 1.664-4T is removed.

Par. 9. Section 1.7520-1 is amended by:

1. Revising paragraph (b)(2).

2. Revising paragraphs (c)(1) and (c)(2).

3. Revising paragraph (d).

The revisions read as follows:

SECTION 1.7520-1 VALUATION OF ANNUITIES, UNITRUST INTERESTS, INTERESTS FOR LIFE OR TERMS OF YEARS, AND REMAINDER OR REVERSIONARY INTERESTS.

* * * * *

(b) * * *

(2) MORTALITY COMPONENT. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For transactions with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is contained in section 20.2031-7(d)(7) of this chapter. See section 20.2031-7A of this chapter for mortality component tables applicable to transactions for which the valuation date falls before May 1, 1999.

(c) * * *

(1) REGULATION SECTIONS CONTAINING TABLES WITH INTEREST RATES BETWEEN 4.2 AND 14 PERCENT FOR VALUATION DATES AFTER APRIL 30, 1999. Section 1.642(c)-6(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in section 1.642(c)-5. See section 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4(e)(7) contains Table U(1) (unitrust single life remainder factors). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in section 1.664-3. See section 1.664-4A for unitrust single life remainder factors applicable to valuation dates before May 1, 1999. Section 20.2031-7(d)(6) of this chapter contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7(d)(7) of this chapter contains Table S (single life remainder factors), and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See section 20.2031-7A of this chapter for single life remainder factors and mortality components applicable to valuation dates before May 1, 1999.

(2) INTERNAL REVENUE SERVICE PUBLICATIONS CONTAINING TABLES WITH INTEREST RATES BETWEEN 2.2 AND 22 PERCENT FOR VALUATION DATES AFTER APRIL 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:

(i) Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in section 1.664-2 and a pooled income fund as defined in section 1.642(c)-5. See section 20.2031-7A of this chapter for publications containing tables for valuation dates before May 1, 1999.

(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (7-1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in section 1.664-3. See section 1.664-4A for publications containing tables for valuation dates before May 1, 1999.

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (7-1999). This publication includes tables for computing depreciation adjustment factors. See section 1.170A-12.

(d) EFFECTIVE DATE. This section applies after April 30, 1989.

Section 1.7520-1T [Removed]

Par. 10. Section 1.7520-1T is removed.

PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954

Par. 11. The authority citation for part 20 is amended by removing entries for sections 20.2031-7T and 20.7520-1T to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Section 20.2031-0 [Amended]

Par. 12 Section 20.2031-0 is amended by removing the entry for section 20.2031-7T from the contents listing.

Par. 13. Section 20.2031-7 is amended by:

1. Removing existing paragraphs (c) through (d)(5).

2. Adding paragraphs (c), (d) heading, and (d)(1) through (d)(5).

3. Revising the introductory text of paragraph (d)(6).

4. Adding paragraph (d)(7).

5. Revising paragraph (e).

The revisions and additions read as follows:

SECTION 20.2031-7 VALUATION OF ANNUITIES, INTERESTS FOR LIFE OR TERM OF YEARS, AND REMAINDER OR REVERSIONARY INTERESTS.

* * * * *

(c) ACTUARIAL VALUATIONS. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is after April 30, 1999, is determined under paragraph (d) of this section. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is before May 1, 1999, is determined under the following sections:

     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)

 

 

(d) ACTUARIAL VALUATIONS AFTER APRIL 30, 1999 -- (1) IN GENERAL. Except as otherwise provided in paragraph (b) of this section and section 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is after April 30, 1999, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value determined by use of standard or special section 7520 actuarial factors. These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. For purposes of the computations described in this section, the age of an individual is the age of that individual at the individual's nearest birthday. See sections 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 section 1.642(c)-5 of this chapter, is its value determined under section 1.642(c)-6(e) of this chapter. The fair market value of a remainder interest in a charitable remainder annuity trust, as defined in section 1.664-2(a) of this chapter, is the present value determined under section 1.664-2(c) of this chapter. The fair market value of a remainder interest in a charitable remainder unitrust, as defined in section 1.664-3 of this chapter, is its present value determined under section 1.664-4(e) of this chapter. The fair market value of a life interest or term of years in a charitable remainder unitrust is the fair market value of the property as of the date of valuation less the fair market value of the remainder interest on that date determined under section 1.664-4(e)(4) and (5) of this chapter.

(ii) ORDINARY REMAINDER AND REVERSIONARY INTERESTS. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in paragraph (d)(6) of this section and Table S (for one measuring life when the valuation date is after April 30, 1999) is contained in paragraph (d)(7) of this section and in Internal Revenue Service Publication 1457. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) ORDINARY TERM-OF-YEARS AND LIFE INTERESTS. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain nonincome-producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for an interest for a term of years in Table B and for the life of one individual in Table S (for one measuring life when the valuation date is after April 30, 1999). However, term-of-years and life interest actuarial factors are not included in Table B in paragraph (d)(6) of this section or Table S in paragraph (d)(7) of this section. If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate and the term of years or the life) in Table B (for a term of years) in paragraph (d)(6) of this section or in Table S (for the life of one individual) in paragraph (d)(7) of this section, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) ANNUITIES. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Publication 1457 includes actuarial factors in Table B (for an annuity payable for a term of years) and in Table S (for an annuity payable for the life of one individual when the valuation date is after April 30, 1999). However, annuity actuarial factors are not included in Table B in paragraph (d)(6) of this section or Table S in paragraph (d)(7) of this section. If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, a required annuity factor for a term of years or for one life may be mathematically derived. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in paragraph (d)(6) of this section or in Table S (in the case of a one- life annuity when the valuation date is after April 30, 1999) in paragraph (d)(7) of this section, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor as contained in Table K in paragraph (d)(6) of this section for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

EXAMPLE. At the time of the decedent's death, the survivor/annuitant, age 72, is entitled to receive an annuity of $15,000 a year for life payable in equal monthly installments at the end of each period. The section 7520 rate for the month in which the decedent died is 9.6 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 9.6 percent for an individual aged 72 is .38438. By converting the remainder factor to an annuity factor, as described above, the annuity factor at 9.6 percent for an individual aged 72 is 6.4127 (1.00000 minus .38438, divided by .096). Under Table K in paragraph (d)(6) of this section, the adjustment factor under the column for payments made at the end of each monthly period at the rate of 9.6 percent is 1.0433. The aggregate annual amount, $15,000, is multiplied by the factor 6.4127 and the product multiplied by 1.0433. The present value of the annuity at the date of the decedent's death is, therefore, $100,355.55 ($15,000 x 6.4127 x 1.0433).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in paragraph (d)(6) of this section at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in this paragraph (d)(2)(iv).

(v) ANNUITY AND UNITRUST INTERESTS FOR A TERM OF YEARS OR UNTIL THE PRIOR DEATH OF AN INDIVIDUAL. See section 25.2512-5(d)(2)(v) of this chapter for examples explaining how to compute the present value of an annuity or unitrust interest that is payable until the earlier of the lapse of a specific number of years or the death of an individual.

(3) TRANSITIONAL RULE. (i) If a decedent dies after April 30, 1999, and if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For example, see section 20.2031-7A(e)(2).

(ii) If a decedent dies after April 30, 1999, and before July 1, 1999, the fair market value of annuities, life estates, remainders, and reversions based on one or more measuring lives included in the gross estate of the decedent is their present value determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see sections 20.7520-1(b) and 20.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(7) of this section or section 20.2031-7A(e)(4), at the option of the decedent's executor.

(iii) For purposes of paragraphs (d)(3)(i) and (ii) of this section, where the decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (d)(7) of this section or section 20.2031-7A(e)(4), the decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(4) PUBLICATIONS AND ACTUARIAL COMPUTATIONS BY THE INTERNAL REVENUE SERVICE. Many standard actuarial factors not included in paragraphs (d)(6) or (d)(7) of this section are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-1999). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. See section 20.2031-7A for publications containing actuarial factors for valuing interests for which the valuation date is before May 1, 1999. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see sections 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.

(5) EXAMPLES. The provisions of this section are illustrated by the following examples:

EXAMPLE 1. REMAINDER PAYABLE AT AN INDIVIDUAL'S DEATH. The decedent, or the decedent's estate, was entitled to receive certain property worth $50,000 upon the death of A, to whom the income was bequeathed for life. At the time of the decedent's death, A was 47 years 5 months old. In the month in which the decedent died, the section 7520 rate was 9.8 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 9.8 percent for determining the present value of the remainder interest due at the death of a person aged 47, the number of years nearest A's actual age at the decedent's death, is .10317. The present value of the remainder interest at the date of the decedent's death is, therefore, $5,158.50 ($50,000 X .10317).

EXAMPLE 2. INCOME PAYABLE FOR AN INDIVIDUAL'S LIFE. A's parent bequeathed an income interest in property to A for life, with the remainder interest passing to B at A's death. At the time of the parent's death, the value of the property was $50,000 and A was 30 years 10 months old. The section 7520 rate at the time of the parent's death was 10.2 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 10.2 percent for determining the present value of the remainder interest due at the death of a person aged 31, the number of years closest to A's age at the decedent's death, is .03583. Converting this remainder factor to an income factor, as described in paragraph (d)(2)(iii) of this section, the factor for determining the present value of an income interest for the life of a person aged 31 is .96417. The present value of A's interest at the time of the parent's death is, therefore, $48,208.50 ($50,000 X .96417).

EXAMPLE 3. ANNUITY PAYABLE FOR AN INDIVIDUAL'S LIFE. A purchased an annuity for the benefit of both A and B. Under the terms of the annuity contract, at A's death, a survivor annuity of $10,000 a year payable in equal semiannual installments made at the end of each interval is payable to B for life. At A's death, B was 45 years 7 months old. Also, at A's death, the section 7520 rate was 9.6 percent. Under Table S in paragraph (d)(7) of this section, the factor at 9.6 percent for determining the present value of the remainder interest at the death of a person age 46 (the number of years nearest B's actual age) is .10013. By converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity payable until the death of a person age 46 is 9.3736 (1.00000 minus .10013, divided by .096). The adjustment factor from Table K in paragraph (d)(6) of this section at an interest rate of 9.6 percent for semiannual annuity payments made at the end of the period is 1.0235. The present value of the annuity at the date of A's death is, therefore, $95,938.80 ($10,000 X 9.3736 X 1.0235).

EXAMPLE 4. ANNUITY PAYABLE FOR A TERM OF YEARS. The decedent, or the decedent's estate, was entitled to receive an annuity of $10,000 a year payable in equal quarterly installments at the end of each quarter throughout a term certain. At the time of the decedent's death, the section 7520 rate was 9.8 percent. A quarterly payment had just been made prior to the decedent's death and payments were to continue for 5 more years. Under Table B in paragraph (d)(6) of this section for the interest rate of 9.8 percent, the factor for the present value of a remainder interest due after a term of 5 years is .626597. Converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity for a term of 5 years is 3.8102. The adjustment factor from Table K in paragraph (d)(6) of this section at an interest rate of 9.8 percent for quarterly annuity payments made at the end of the period is 1.0360. The present value of the annuity is, therefore, $39,473.67 ($10,000 X 3.8102 X 1.0360).

(6) ACTUARIAL TABLE B, TABLE J, AND TABLE K WHERE THE VALUATION DATE IS AFTER APRIL 30, 1989. Except as provided in section 20.7520-3(b) (pertaining to certain limitations on prescribed tables), for determination of the present value of an interest that is dependent on a term of years, the tables in this paragraph (d)(6) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent.

* * * * *

(7) ACTUARIAL TABLE S AND TABLE 90CM WHERE THE VALUATION DATE IS AFTER APRIL 30, 1999. Except as provided in section 20.7520-2(b) (pertaining to certain limitations on the use of prescribed tables), for determination of the present value of an interest that is dependent on the termination of a life interest, Table 90CM and Table S, single life remainder factors applicable where the valuation date is after April 30, 1999, contained in this paragraph (d)(7) (or Table S and Table 80CNSMT contained in section 20.2031-7A(e)(4) for valuation dates after April 30, 1989, and before May 1, 1999) and Table J and Table K contained in paragraph (d)(6) of this section, must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent.

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE      4.2%      4.4%      4.6%      4.8%      5.0%      5.2%

 

 ____________________________________________________________________

 

 0     .06752    .06130    .05586    .05109    .04691    .04322

 

 1     .06137    .05495    .04932    .04438    .04003    .03620

 

 2     .06325    .05667    .05088    .04580    .04132    .03737

 

 3     .06545    .05869    .05275    .04752    .04291    .03883

 

 4     .06784    .06092    .05482    .04944    .04469    .04048

 

 5     .07040    .06331    .05705    .05152    .04662    .04229

 

 6     .07310    .06583    .05941    .05372    .04869    .04422

 

 7     .07594    .06849    .06191    .05607    .05089    .04628

 

 8     .07891    .07129    .06453    .05853    .05321    .04846

 

 9     .08203    .07423    .06731    .06115    .05567    .05079

 

 10     .08532    .07734    .07024    .06392    .05829    .05326

 

 11     .08875    .08059    .07331    .06683    .06104    .05587

 

 12     .09233    .08398    .07653    .06989    .06394    .05862

 

 13     .09601    .08748    .07985    .07304    .06693    .06146

 

 14     .09974    .09102    .08322    .07624    .06997    .06435

 

 15     .10350    .09460    .08661    .07946    .07303    .06725

 

 16     .10728    .09818    .09001    .08268    .07608    .07014

 

 17     .11108    .10179    .09344    .08592    .07916    .07306

 

 18     .11494    .10545    .09691    .08921    .08227    .07601

 

 19     .11889    .10921    .10047    .09259    .08548    .07904

 

 20     .12298    .11310    .10417    .09610    .08881    .08220

 

 21     .12722    .11713    .10801    .09976    .09228    .08550

 

 22     .13159    .12130    .11199    .10354    .09588    .08893

 

 23     .13613    .12563    .11612    .10748    .09964    .09250

 

 24     .14084    .13014    .12043    .11160    .10357    .09625

 

 25     .14574    .13484    .12493    .11591    .10768    .10018

 

 26     .15084    .13974    .12963    .12041    .11199    .10431

 

 27     .15615    .14485    .13454    .12513    .11652    .10865

 

 28     .16166    .15016    .13965    .13004    .12124    .11319

 

 29     .16737    .15567    .14497    .13516    .12617    .11792

 

 30     .17328    .16138    .15048    .14047    .13129    .12286

 

 31     .17938    .16728    .15618    .14599    .13661    .12799

 

 32     .18568    .17339    .16210    .15171    .14214    .13333

 

 33     .19220    .17972    .16824    .15766    .14790    .13889

 

 34     .19894    .18627    .17460    .16383    .15388    .14468

 

 35     .20592    .19307    .18121    .17025    .16011    .15073

 

 36     .21312    .20010    .18805    .17691    .16658    .15701

 

 37     .22057    .20737    .19514    .18382    .17331    .16356

 

 38     .22827    .21490    .20251    .19100    .18031    .17038

 

 39     .23623    .22270    .21013    .19845    .18759    .17747

 

 40     .24446    .23078    .21805    .20620    .19516    .18487

 

 41     .25298    .23915    .22626    .21425    .20305    .19259

 

 42     .26178    .24782    .23478    .22262    .21125    .20062

 

 43     .27087    .25678    .24360    .23129    .21977    .20898

 

 44     .28025    .26603    .25273    .24027    .22860    .21766

 

 45     .28987    .27555    .26212    .24953    .23772    .22664

 

 46     .29976    .28533    .27179    .25908    .24714    .23591

 

 47     .30987    .29535    .28171    .26889    .25682    .24546

 

 48     .32023    .30563    .29190    .27897    .26678    .25530

 

 49     .33082    .31615    .30234    .28931    .27702    .26543

 

 50     .34166    .32694    .31306    .29995    .28756    .27586

 

 51     .35274    .33798    .32404    .31085    .29838    .28658

 

 52     .36402    .34924    .33525    .32200    .30946    .29757

 

 53     .37550    .36070    .34668    .33339    .32078    .30882

 

 54     .38717    .37237    .35833    .34500    .33234    .32031

 

 55     .39903    .38424    .37019    .35683    .34413    .33205

 

 56     .41108    .39631    .38227    .36890    .35617    .34405

 

 57     .42330    .40857    .39455    .38118    .36844    .35629

 

 58     .43566    .42098    .40699    .39364    .38089    .36873

 

 59     .44811    .43351    .41956    .40623    .39350    .38133

 

 60     .46066    .44613    .43224    .41896    .40624    .39408

 

 61     .47330    .45887    .44505    .43182    .41914    .40699

 

 62     .48608    .47175    .45802    .44485    .43223    .42011

 

 63     .49898    .48478    .47115    .45807    .44550    .43343

 

 64     .51200    .49793    .48442    .47143    .45895    .44694

 

 65     .52512    .51121    .49782    .48495    .47255    .46062

 

 66     .53835    .52461    .51137    .49862    .48634    .47449

 

 67     .55174    .53818    .52511    .51250    .50034    .48860

 

 68     .56524    .55188    .53899    .52654    .51452    .50291

 

 69     .57882    .56568    .55299    .54071    .52885    .51737

 

 70     .59242    .57951    .56703    .55495    .54325    .53193

 

 71     .60598    .59332    .58106    .56918    .55767    .54651

 

 72     .61948    .60707    .59504    .58338    .57206    .56108

 

 73     .63287    .62073    .60895    .59751    .58640    .57561

 

 74     .64621    .63435    .62282    .61162    .60073    .59015

 

 75     .65953    .64796    .63671    .62575    .61510    .60473

 

 76     .67287    .66160    .65063    .63995    .62954    .61940

 

 77     .68622    .67526    .66459    .65419    .64404    .63415

 

 78     .69954    .68892    .67856    .66845    .65858    .64895

 

 79     .71278    .70250    .69246    .68265    .67308    .66372

 

 80     .72581    .71588    .70618    .69668    .68740    .67833

 

 81     .73857    .72899    .71962    .71045    .70147    .69268

 

 82     .75101    .74178    .73274    .72389    .71522    .70672

 

 83     .76311    .75423    .74553    .73700    .72864    .72044

 

 84     .77497    .76645    .75809    .74988    .74183    .73393

 

 85     .78665    .77848    .77047    .76260    .75487    .74728

 

 86     .79805    .79025    .78258    .77504    .76764    .76036

 

 87     .80904    .80159    .79427    .78706    .77998    .77301

 

 88     .81962    .81251    .80552    .79865    .79188    .78521

 

 89     .82978    .82302    .81636    .80980    .80335    .79699

 

 90     .83952    .83309    .82676    .82052    .81437    .80831

 

 91     .84870    .84260    .83658    .83064    .82479    .81902

 

 92     .85716    .85136    .84563    .83998    .83441    .82891

 

 93     .86494    .85942    .85396    .84858    .84326    .83801

 

 94     .87216    .86690    .86170    .85657    .85149    .84648

 

 95     .87898    .87397    .86902    .86412    .85928    .85450

 

 96     .88537    .88060    .87587    .87121    .86659    .86203

 

 97     .89127    .88672    .88221    .87775    .87335    .86898

 

 98     .89680    .89245    .88815    .88389    .87968    .87551

 

 99     .90217    .89803    .89393    .88987    .88585    .88187

 

 100     .90738   .90344    .89953    .89567    .89183    .88804

 

 101     .91250   .90876    .90504    .90137    .89772    .89412

 

 102     .91751   .91396    .91045    .90696    .90350    .90007

 

 103     .92247   .91912    .91579    .91249    .90922    .90598

 

 104     .92775   .92460    .92148    .91839    .91532    .91227

 

 105     .93290   .92996    .92704    .92415    .92127    .91841

 

 106     .93948   .93680    .93415    .93151    .92889    .92628

 

 107     .94739   .94504    .94271    .94039    .93808    .93579

 

 108     .95950   .95767    .95585    .95404    .95224    .95045

 

 109     .97985   .97893    .97801    .97710    .97619    .97529

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE       5.4%     5.6%      5.8%      6.0%

 

 ____________________________________________________________________

 

 0      .03998   .03711    .03458    .03233

 

 1      .03283   .02985    .02721    .02487

 

 2      .03388   .03079    .02806    .02563

 

 3      .03523   .03203    .02920    .02668

 

 4      .03676   .03346    .03052    .02791

 

 5      .03845   .03503    .03199    .02928

 

 6      .04025   .03672    .03357    .03076

 

 7      .04219   .03854    .03528    .03236

 

 8      .04424   .04046    .03709    .03407

 

 9      .04643   .04253    .03904    .03592

 

 10      .04877   .04474    .04114    .03790

 

 11      .05124   .04709    .04336    .04002

 

 12      .05385   .04957    .04572    .04226

 

 13      .05655   .05214    .04816    .04458

 

 14      .05929   .05474    .05064    .04694

 

 15      .06204   .05735    .05312    .04930

 

 16      .06479   .05996    .05559    .05164

 

 17      .06755   .06257    .05807    .05399

 

 18      .07034   .06521    .06057    .05636

 

 19      .07322   .06794    .06315    .05880

 

 20      .07622   .07078    .06584    .06135

 

 21      .07935   .07375    .06866    .06403

 

 22      .08260   .07685    .07160    .06682

 

 23      .08601   .08009    .07468    .06975

 

 24      .08958   .08349    .07793    .07284

 

 25      .09334   .08708    .08135    .07611

 

 26      .09728   .09085    .08496    .07956

 

 27      .10144   .09484    .08878    .08322

 

 28      .10580   .09901    .09279    .08706

 

 29      .11035   .10339    .09699    .09109

 

 30      .11510   .10796    .10138    .09532

 

 31      .12004   .11272    .10597    .09974

 

 32      .12520   .11769    .11076    .10435

 

 33      .13058   .12289    .11578    .10920

 

 34      .13618   .12831    .12102    .11426

 

 35      .14204   .13399    .12652    .11958

 

 36      .14814   .13990    .13225    .12514

 

 37      .15450   .14608    .13825    .13096

 

 38      .16113   .15253    .14452    .13705

 

 39      .16805   .15927    .15108    .14344

 

 40      .17527   .16631    .15795    .15013

 

 41      .18282   .17368    .16514    .15715

 

 42      .19069   .18138    .17267    .16450

 

 43      .19888   .18941    .18053    .17220

 

 44      .20740   .19777    .18873    .18023

 

 45      .21622   .20644    .19724    .18858

 

 46      .22536   .21542    .20606    .19725

 

 47      .23476   .22468    .21518    .20621

 

 48      .24447   .23425    .22460    .21549

 

 49      .25447   .24412    .23434    .22509

 

 50      .26479   .25432    .24441    .23502

 

 51      .27541   .26482    .25479    .24528

 

 52      .28630   .27561    .26547    .25584

 

 53      .29746   .28667    .27643    .26669

 

 54      .30888   .29801    .28766    .27782

 

 55      .32056   .30961    .29918    .28925

 

 56      .33250   .32149    .31099    .30097

 

 57      .34469   .33363    .32306    .31297

 

 58      .35710   .34600    .33538    .32522

 

 59      .36968   .35855    .34789    .33768

 

 60      .38243   .37127    .36058    .35033

 

 61      .39535   .38418    .37347    .36318

 

 62      .40848   .39732    .38660    .37629

 

 63      .42184   .41069    .39997    .38966

 

 64      .43539   .42427    .41357    .40326

 

 65      .44912   .43805    .42738    .41709

 

 66      .46307   .45206    .44143    .43118

 

 67      .47727   .46633    .45576    .44556

 

 68      .49168   .48083    .47034    .46020

 

 69      .50627   .49552    .48513    .47506

 

 70      .52096   .51034    .50004    .49007

 

 71      .53569   .52520    .51503    .50516

 

 72      .55043   .54009    .53004    .52029

 

 73      .56513   .55495    .54505    .53543

 

 74      .57985   .56984    .56009    .55061

 

 75      .59463   .58480    .57523    .56591

 

 76      .60952   .59989    .59050    .58135

 

 77      .62450   .61509    .60590    .59694

 

 78      .63955   .63036    .62140    .61264

 

 79      .65457   .64563    .63690    .62836

 

 80      .66945   .66077    .65227    .64396

 

 81      .68408   .67566    .66741    .65933

 

 82      .69840   .69024    .68225    .67441

 

 83      .71240   .70451    .69678    .68919

 

 84      .72618   .71857    .71110    .70377

 

 85      .73982   .73250    .72530    .71823

 

 86      .75320   .74617    .73925    .73245

 

 87      .76615   .75940    .75277    .74624

 

 88      .77865   .77220    .76584    .75958

 

 89      .79072   .78455    .77847    .77248

 

 90      .80234   .79645    .79064    .78492

 

 91      .81332   .80771    .80217    .79671

 

 92      .82348   .81812    .81283    .80761

 

 93      .83283   .82771    .82266    .81767

 

 94      .84153   .83664    .83181    .82704

 

 95      .84977   .84510    .84049    .83592

 

 96      .85751   .85305    .84864    .84427

 

 97      .86467   .86040    .85618    .85200

 

 98      .87138   .86730    .86326    .85926

 

 99      .87793   .87402    .87016    .86633

 

 100     .88428   .88056    .87687    .87322

 

 101     .89054   .88699    .88348    .88000

 

 102     .89668   .89331    .88997    .88666

 

 103     .90276   .89957    .89640    .89326

 

 104     .90924   .90624    .90326    .90031

 

 105     .91558   .91276    .90997    .90719

 

 106     .92370   .92113    .91857    .91604

 

 107     .93351   .93124    .92899    .92675

 

 108     .94867   .94689    .94512    .94336

 

 109     .97438   .97348    .97259    .97170

 

 ____________________________________________________________________

 

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE      6.2%      6.4%      6.6%      6.8%      7.0%      7.2%

 

 ____________________________________________________________________

 

 0     .03034    .02857    .02700    .02559    .02433    .02321

 

 1     .02279    .02094    .01929    .01782    .01650    .01533

 

 2     .02347    .02155    .01983    .01829    .01692    .01569

 

 3     .02444    .02243    .02065    .01905    .01761    .01632

 

 4     .02558    .02349    .02163    .01996    .01846    .01712

 

 5     .02686    .02469    .02275    .02101    .01945    .01804

 

 6     .02825    .02600    .02398    .02217    .02053    .01906

 

 7     .02976    .02742    .02532    .02343    .02172    .02019

 

 8     .03137    .02894    .02675    .02479    .02301    .02140

 

 9     .03311    .03059    .02832    .02627    .02442    .02274

 

 10     .03499    .03237    .03001    .02788    .02595    .02420

 

 11     .03700    .03428    .03183    .02961    .02760    .02578

 

 12     .03913    .03632    .03377    .03146    .02937    .02748

 

 13     .04135    .03843    .03579    .03339    .03122    .02924

 

 14     .04359    .04057    .03783    .03534    .03308    .03102

 

 15     .04584    .04270    .03986    .03728    .03493    .03279

 

 16     .04806    .04482    .04187    .03919    .03674    .03452

 

 17     .05029    .04692    .04387    .04108    .03855    .03623

 

 18     .05253    .04905    .04588    .04299    .04036    .03795

 

 19     .05484    .05124    .04796    .04496    .04222    .03972

 

 20     .05726    .05354    .05013    .04702    .04418    .04158

 

 21     .05980    .05595    .05242    .04920    .04625    .04354

 

 22     .06246    .05847    .05482    .05147    .04841    .04559

 

 23     .06524    .06112    .05734    .05387    .05069    .04777

 

 24     .06819    .06392    .06001    .05642    .05312    .05008

 

 25     .07131    .06690    .06285    .05913    .05570    .05255

 

 26     .07460    .07005    .06586    .06200    .05845    .05518

 

 27     .07810    .07340    .06907    .06508    .06140    .05800

 

 28     .08179    .07693    .07246    .06833    .06451    .06098

 

 29     .08566    .08065    .07603    .07176    .06780    .06414

 

 30     .08973    .08456    .07978    .07536    .07127    .06748

 

 31     .09398    .08865    .08372    .07915    .07491    .07098

 

 32     .09843    .09294    .08785    .08313    .07875    .07468

 

 33     .10310    .09745    .09220    .08732    .08279    .07858

 

 34     .10799    .10217    .09676    .09173    .08705    .08269

 

 35     .11314    .10715    .10157    .09638    .09155    .08704

 

 36     .11852    .11236    .10662    .10127    .09628    .09162

 

 37     .12416    .11783    .11193    .10641    .10126    .09645

 

 38     .13009    .12359    .11751    .11183    .10652    .10155

 

 39     .13629    .12962    .12338    .11753    .11206    .10693

 

 40     .14281    .13597    .12955    .12355    .11791    .11262

 

 41     .14966    .14264    .13606    .12989    .12409    .11864

 

 42     .15685    .14966    .14291    .13657    .13061    .12500

 

 43     .16437    .15702    .15010    .14360    .13747    .13171

 

 44     .17224    .16472    .15764    .15098    .14469    .13876

 

 45     .18042    .17274    .16550    .15867    .15223    .14615

 

 46     .18893    .18110    .17370    .16671    .16011    .15387

 

 47     .19775    .18975    .18220    .17505    .16830    .16190

 

 48     .20688    .19873    .19102    .18373    .17682    .17027

 

 49     .21633    .20804    .20018    .19274    .18568    .17898

 

 50     .22612    .21769    .20969    .20210    .19490    .18805

 

 51     .23625    .22769    .21955    .21182    .20448    .19749

 

 52     .24669    .23799    .22973    .22186    .21438    .20726

 

 53     .25742    .24861    .24022    .23222    .22461    .21735

 

 54     .26845    .25952    .25101    .24290    .23516    .22777

 

 55     .27978    .27074    .26212    .25389    .24604    .23853

 

 56     .29140    .28227    .27355    .26522    .25725    .24963

 

 57     .30333    .29411    .28529    .27686    .26879    .26106

 

 58     .31551    .30621    .29731    .28878    .28061    .27278

 

 59     .32790    .31854    .30956    .30095    .29269    .28477

 

 60     .34050    .33107    .32202    .31334    .30500    .29699

 

 61     .35331    .34384    .33473    .32598    .31757    .30948

 

 62     .36639    .35688    .34772    .33892    .33044    .32229

 

 63     .37974    .37020    .36101    .35216    .34363    .33542

 

 64     .39334    .38378    .37456    .36568    .35711    .34884

 

 65     .40718    .39761    .38838    .37947    .37087    .36257

 

 66     .42128    .41172    .40249    .39357    .38496    .37663

 

 67     .43569    .42616    .41694    .40803    .39941    .39107

 

 68     .45038    .44089    .43170    .42281    .41419    .40585

 

 69     .46531    .45587    .44672    .43786    .42927    .42094

 

 70     .48040    .47103    .46194    .45312    .44456    .43626

 

 71     .49558    .48629    .47727    .46851    .46000    .45174

 

 72     .51082    .50162    .49268    .48399    .47554    .46733

 

 73     .52607    .51697    .50813    .49952    .49114    .48299

 

 74     .54139    .53241    .52367    .51515    .50686    .49879

 

 75     .55683    .54798    .53936    .53095    .52276    .51477

 

 76     .57243    .56373    .55524    .54696    .53888    .53100

 

 77     .58819    .57965    .57132    .56318    .55523    .54747

 

 78     .60408    .59572    .58755    .57957    .57177    .56414

 

 79     .62001    .61184    .60385    .59604    .58840    .58092

 

 80     .63582    .62786    .62007    .61244    .60497    .59765

 

 81     .65142    .64367    .63608    .62864    .62135    .61421

 

 82     .66673    .65920    .65182    .64458    .63748    .63052

 

 83     .68175    .67444    .66728    .66024    .65334    .64656

 

 84     .69657    .68950    .68256    .67574    .66904    .66246

 

 85     .71128    .70446    .69775    .69116    .68467    .67830

 

 86     .72576    .71919    .71272    .70636    .70010    .69394

 

 87     .73981    .73349    .72726    .72114    .71511    .70917

 

 88     .75342    .74735    .74137    .73548    .72968    .72396

 

 89     .76658    .76076    .75503    .74938    .74381    .73832

 

 90     .77928    .77371    .76823    .76281    .75748    .75221

 

 91     .79131    .78600    .78075    .77557    .77046    .76542

 

 92     .80246    .79737    .79235    .78740    .78250    .77767

 

 93     .81274    .80788    .80307    .79832    .79363    .78899

 

 94     .82232    .81766    .81306    .80850    .80401    .79956

 

 95     .83141    .82695    .82254    .81818    .81387    .80961

 

 96     .83996    .83569    .83147    .82729    .82316    .81907

 

 97     .84787    .84378    .83973    .83573    .83176    .82784

 

 98     .85530    .85138    .84750    .84366    .83985    .83609

 

 99     .86255    .85880    .85508    .85140    .84776    .84415

 

 100    .86960    .86601    .86246    .85894    .85546    .85200

 

 101    .87655    .87313    .86974    .86638    .86305    .85975

 

 102    .88338    .88012    .87689    .87369    .87052    .86738

 

 103    .89015    .88706    .88399    .88095    .87793    .87494

 

 104    .89737    .89446    .89157    .88871    .88586    .88304

 

 105    .90443    .90170    .89898    .89628    .89360    .89094

 

 106    .91351    .91101    .90852    .90605    .90359    .90115

 

 107    .92452    .92230    .92010    .91791    .91573    .91356

 

 108    .94161    .93987    .93814    .93641    .93469    .93298

 

 109    .97081    .96992    .96904    .96816    .96729    .96642

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE      7.4%      7.6%      7.8%      8.0%

 

 ____________________________________________________________________

 

 0     .02220    .02129    .02047    .01973

 

 1     .01427    .01331    .01246    .01168

 

 2     .01458    .01358    .01268    .01187

 

 3     .01516    .01412    .01317    .01232

 

 4     .01590    .01481    .01382    .01292

 

 5     .01677    .01562    .01458    .01364

 

 6     .01773    .01653    .01544    .01445

 

 7     .01880    .01754    .01640    .01536

 

 8     .01995    .01864    .01744    .01635

 

 9     .02122    .01985    .01859    .01745

 

 10     .02262    .02118    .01987    .01867

 

 11     .02413    .02262    .02125    .02000

 

 12     .02575    .02418    .02275    .02144

 

 13     .02744    .02580    .02431    .02294

 

 14     .02915    .02744    .02587    .02444

 

 15     .03083    .02905    .02742    .02593

 

 16     .03248    .03063    .02892    .02736

 

 17     .03411    .03218    .03040    .02877

 

 18     .03574    .03373    .03187    .03017

 

 19     .03742    .03532    .03339    .03161

 

 20     .03919    .03700    .03498    .03313

 

 21     .04105    .03877    .03667    .03473

 

 22     .04301    .04063    .03844    .03642

 

 23     .04508    .04260    .04032    .03821

 

 24     .04728    .04470    .04232    .04012

 

 25     .04964    .04695    .04447    .04218

 

 26     .05215    .04936    .04677    .04438

 

 27     .05485    .05195    .04925    .04676

 

 28     .05772    .05469    .05189    .04929

 

 29     .06075    .05761    .05469    .05198

 

 30     .06396    .06069    .05766    .05483

 

 31     .06733    .06394    .06078    .05785

 

 32     .07089    .06737    .06409    .06103

 

 33     .07466    .07100    .06759    .06441

 

 34     .07862    .07483    .07129    .06798

 

 35     .08283    .07890    .07522    .07179

 

 36     .08726    .08319    .07938    .07581

 

 37     .09194    .08772    .08377    .08006

 

 38     .09689    .09253    .08843    .08459

 

 39     .10212    .09761    .09337    .08938

 

 40     .10766    .10299    .09860    .09447

 

 41     .11352    .10870    .10417    .09989

 

 42     .11972    .11475    .11006    .10564

 

 43     .12627    .12115    .11631    .11174

 

 44     .13317    .12789    .12290    .11819

 

 45     .14040    .13496    .12982    .12496

 

 46     .14796    .14238    .13708    .13207

 

 47     .15584    .15010    .14466    .13950

 

 48     .16406    .15817    .15258    .14727

 

 49     .17262    .16658    .16084    .15539

 

 50     .18155    .17536    .16948    .16388

 

 51     .19084    .18452    .17849    .17275

 

 52     .20047    .19400    .18784    .18196

 

 53     .21043    .20383    .19753    .19151

 

 54     .22072    .21399    .20756    .20140

 

 55     .23136    .22450    .21793    .21166

 

 56     .24233    .23535    .22867    .22227

 

 57     .25365    .24656    .23976    .23324

 

 58     .26528    .25807    .25116    .24453

 

 59     .27716    .26986    .26284    .25610

 

 60     .28929    .28190    .27478    .26794

 

 61     .30170    .29422    .28701    .28007

 

 62     .31443    .30687    .29958    .29255

 

 63     .32750    .31986    .31250    .30539

 

 64     .34087    .33317    .32574    .31857

 

 65     .35455    .34681    .33932    .33208

 

 66     .36858    .36079    .35326    .34597

 

 67     .38299    .37518    .36761    .36028

 

 68     .39777    .38994    .38235    .37499

 

 69     .41286    .40503    .39743    .39006

 

 70     .42820    .42038    .41278    .40540

 

 71     .44371    .43591    .42832    .42095

 

 72     .45934    .45157    .44401    .43666

 

 73     .47506    .46733    .45981    .45249

 

 74     .49092    .48325    .47578    .46849

 

 75     .50698    .49938    .49197    .48474

 

 76     .52330    .51579    .50846    .50130

 

 77     .53988    .53247    .52523    .51815

 

 78     .55668    .54939    .54225    .53527

 

 79     .57360    .56644    .55943    .55256

 

 80     .59048    .58347    .57659    .56985

 

 81     .60721    .60034    .59361    .58701

 

 82     .62368    .61698    .61041    .60395

 

 83     .63991    .63338    .62696    .62066

 

 84     .65599    .64964    .64340    .63727

 

 85     .67204    .66587    .65982    .65386

 

 86     .68789    .68193    .67606    .67029

 

 87     .70333    .69757    .69190    .68632

 

 88     .71833    .71279    .70732    .70194

 

 89     .73290    .72757    .72231    .71712

 

 90     .74702    .74190    .73684    .73186

 

 91     .76044    .75553    .75068    .74589

 

 92     .77290    .76818    .76353    .75893

 

 93     .78441    .77989    .77542    .77100

 

 94     .79517    .79082    .78653    .78228

 

 95     .80539    .80122    .79710    .79302

 

 96     .81503    .81103    .80707    .80315

 

 97     .82396    .82012    .81632    .81255

 

 98     .83236    .82867    .82502    .82140

 

 99     .84057    .83703    .83353    .83005

 

 100    .84858    .84519    .84183    .83849

 

 101    .85648    .85324    .85003    .84684

 

 102    .86426    .86116    .85809    .85505

 

 103    .87197    .86903    .86611    .86321

 

 104    .88024    .87745    .87469    .87195

 

 105    .88830    .88568    .88307    .88049

 

 106    .89873    .89632    .89392    .89154

 

 107    .91141    .90927    .90714    .90502

 

 108    .93128    .92958    .92790    .92622

 

 109    .96555    .96468    .96382    .96296

 

 ____________________________________________________________________

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE      8.2%      8.4%      8.6%      8.8%      9.0%      9.2%

 

 ____________________________________________________________________

 

 0     .01906    .01845    .01790    .01740    .01694    .01652

 

 1     .01098    .01034    .00977    .00924    .00876    .00833

 

 2     .01113    .01046    .00986    .00930    .00880    .00834

 

 3     .01155    .01084    .01020    .00962    .00909    .00860

 

 4     .01211    .01137    .01069    .01008    .00952    .00900

 

 5     .01279    .01201    .01130    .01065    .01006    .00952

 

 6     .01356    .01274    .01199    .01131    .01068    .01011

 

 7     .01442    .01356    .01277    .01205    .01140    .01079

 

 8     .01536    .01446    .01363    .01287    .01218    .01154

 

 9     .01641    .01546    .01460    .01380    .01307    .01240

 

 10     .01758    .01659    .01567    .01484    .01407    .01336

 

 11     .01886    .01781    .01686    .01598    .01517    .01442

 

 12     .02024    .01915    .01814    .01721    .01636    .01558

 

 13     .02168    .02054    .01948    .01851    .01762    .01679

 

 14     .02313    .02193    .02083    .01981    .01887    .01801

 

 15     .02456    .02330    .02214    .02107    .02009    .01918

 

 16     .02593    .02462    .02340    .02229    .02126    .02030

 

 17     .02728    .02590    .02463    .02346    .02238    .02138

 

 18     .02861    .02717    .02584    .02462    .02348    .02243

 

 19     .02998    .02847    .02708    .02580    .02461    .02351

 

 20     .03142    .02984    .02839    .02704    .02580    .02465

 

 21     .03295    .03130    .02978    .02837    .02706    .02585

 

 22     .03455    .03283    .03124    .02976    .02839    .02712

 

 23     .03626    .03446    .03279    .03124    .02981    .02847

 

 24     .03809    .03620    .03446    .03283    .03133    .02993

 

 25     .04005    .03808    .03625    .03456    .03298    .03151

 

 26     .04216    .04010    .03819    .03641    .03476    .03322

 

 27     .04444    .04229    .04029    .03843    .03670    .03508

 

 28     .04687    .04463    .04254    .04059    .03877    .03708

 

 29     .04946    .04712    .04493    .04289    .04099    .03922

 

 30     .05221    .04976    .04748    .04534    .04335    .04149

 

 31     .05511    .05255    .05017    .04794    .04585    .04390

 

 32     .05818    .05551    .05302    .05069    .04851    .04647

 

 33     .06144    .05866    .05606    .05363    .05135    .04921

 

 34     .06489    .06200    .05928    .05674    .05436    .05212

 

 35     .06857    .06555    .06273    .06007    .05758    .05524

 

 36     .07246    .06932    .06638    .06361    .06101    .05856

 

 37     .07659    .07332    .07025    .06737    .06466    .06210

 

 38     .08098    .07758    .07439    .07138    .06855    .06588

 

 39     .08563    .08210    .07878    .07565    .07270    .06992

 

 40     .09059    .08692    .08347    .08021    .07714    .07423

 

 41     .09586    .09206    .08848    .08509    .08189    .07886

 

 42     .10147    .09753    .09381    .09029    .08696    .08381

 

 43     .10742    .10334    .09948    .09583    .09237    .08909

 

 44     .11373    .10950    .10551    .10172    .09813    .09472

 

 45     .12035    .11599    .11185    .10792    .10420    .10066

 

 46     .12732    .12281    .11853    .11447    .11061    .10694

 

 47     .13460    .12995    .12553    .12133    .11733    .11353

 

 48     .14223    .13743    .13287    .12853    .12439    .12046

 

 49     .15020    .14526    .14056    .13608    .13181    .12774

 

 50     .15855    .15347    .14862    .14401    .13960    .13540

 

 51     .16727    .16205    .15707    .15232    .14777    .14344

 

 52     .17634    .17098    .16587    .16097    .15630    .15183

 

 53     .18576    .18027    .17501    .16999    .16518    .16057

 

 54     .19552    .18990    .18451    .17935    .17441    .16968

 

 55     .20564    .19989    .19437    .18908    .18402    .17915

 

 56     .21613    .21025    .20461    .19919    .19400    .18901

 

 57     .22698    .22098    .21522    .20968    .20436    .19925

 

 58     .23816    .23204    .22616    .22051    .21507    .20984

 

 59     .24962    .24339    .23740    .23163    .22608    .22073

 

 60     .26136    .25502    .24892    .24304    .23738    .23192

 

 61     .27339    .26695    .26075    .25477    .24900    .24343

 

 62     .28578    .27925    .27295    .26687    .26100    .25533

 

 63     .29854    .29192    .28553    .27935    .27339    .26762

 

 64     .31164    .30494    .29846    .29221    .28615    .28030

 

 65     .32508    .31831    .31177    .30543    .29930    .29336

 

 66     .33891    .33208    .32547    .31906    .31285    .30684

 

 67     .35318    .34630    .33963    .33316    .32689    .32081

 

 68     .36785    .36093    .35422    .34770    .34138    .33524

 

 69     .38290    .37595    .36920    .36265    .35628    .35009

 

 70     .39823    .39127    .38450    .37791    .37151    .36529

 

 71     .41378    .40681    .40003    .39343    .38701    .38076

 

 72     .42950    .42253    .41575    .40914    .40271    .39644

 

 73     .44535    .43840    .43162    .42502    .41858    .41231

 

 74     .46139    .45446    .44771    .44112    .43469    .42842

 

 75     .47769    .47080    .46408    .45752    .45111    .44485

 

 76     .49430    .48747    .48079    .47427    .46790    .46167

 

 77     .51123    .50447    .49786    .49139    .48506    .47888

 

 78     .52845    .52177    .51523    .50884    .50257    .49645

 

 79     .54584    .53926    .53282    .52650    .52032    .51426

 

 80     .56325    .55678    .55044    .54423    .53813    .53216

 

 81     .58054    .57419    .56797    .56186    .55587    .54999

 

 82     .59762    .59140    .58530    .57931    .57343    .56766

 

 83     .61448    .60840    .60243    .59657    .59081    .58515

 

 84     .63124    .62531    .61949    .61376    .60813    .60259

 

 85     .64800    .64224    .63657    .63099    .62550    .62010

 

 86     .66461    .65902    .65351    .64810    .64276    .63751

 

 87     .68083    .67541    .67008    .66483    .65965    .65455

 

 88     .69663    .69140    .68624    .68116    .67615    .67121

 

 89     .71201    .70696    .70199    .69708    .69224    .68747

 

 90     .72694    .72209    .71730    .71257    .70791    .70330

 

 91     .74117    .73650    .73190    .72735    .72286    .71842

 

 92     .75439    .74991    .74548    .74110    .73678    .73251

 

 93     .76664    .76233    .75806    .75385    .74969    .74557

 

 94     .77809    .77394    .76983    .76578    .76177    .75780

 

 95     .78899    .78500    .78106    .77715    .77329    .76947

 

 96     .79928    .79544    .79165    .78790    .78418    .78050

 

 97     .80883    .80514    .80149    .79787    .79430    .79075

 

 98     .81781    .81427    .81075    .80727    .80382    .80041

 

 99     .82661    .82320    .81982    .81648    .81316    .80988

 

 100    .83519    .83192    .82868    .82547    .82228    .81913

 

 101    .84368    .84055    .83744    .83437    .83131    .82829

 

 102    .85203    .84904    .84607    .84313    .84021    .83731

 

 103    .86034    .85748    .85465    .85184    .84906    .84629

 

 104    .86923    .86653    .86385    .86119    .85855    .85593

 

 105    .87792    .87537    .87283    .87032    .86782    .86534

 

 106    .88918    .88683    .88450    .88218    .87987    .87758

 

 107    .90291    .90082    .89873    .89666    .89460    .89255

 

 108    .92455    .92288    .92123    .91958    .91794    .91630

 

 109    .96211    .96125    .96041    .95956    .95872    .95788

 

 ____________________________________________________________________

 

 [Table continued]

 

 ____________________________________________________________________

 

 AGE      9.4%      9.6%      9.8%      10.0%

 

 ____________________________________________________________________

 

 0     .01613    .01578    .01546     .01516

 

 1     .00793    .00756    .00722     .00691

 

 2     .00791    .00753    .00717     .00684

 

 3     .00816    .00775    .00737     .00702

 

 4     .00853    .00810    .00770     .00733

 

 5     .00902    .00856    .00814     .00775

 

 6     .00959    .00910    .00865     .00824

 

 7     .01023    .00972    .00925     .00881

 

 8     .01096    .01041    .00991     .00945

 

 9     .01178    .01120    .01068     .01019

 

 10     .01270    .01210    .01154     .01103

 

 11     .01373    .01310    .01251     .01196

 

 12     .01485    .01419    .01357     .01299

 

 13     .01603    .01533    .01467     .01407

 

 14     .01721    .01646    .01578     .01514

 

 15     .01834    .01756    .01684     .01617

 

 16     .01942    .01860    .01785     .01714

 

 17     .02046    .01960    .01880     .01806

 

 18     .02146    .02056    .01972     .01894

 

 19     .02249    .02154    .02066     .01984

 

 20     .02357    .02258    .02165     .02079

 

 21     .02473    .02368    .02271     .02180

 

 22     .02594    .02484    .02382     .02286

 

 23     .02723    .02608    .02500     .02400

 

 24     .02863    .02741    .02628     .02522

 

 25     .03014    .02887    .02768     .02656

 

 26     .03178    .03044    .02919     .02802

 

 27     .03357    .03217    .03085     .02962

 

 28     .03550    .03402    .03263     .03133

 

 29     .03756    .03600    .03455     .03318

 

 30     .03975    .03812    .03659     .03515

 

 31     .04208    .04037    .03876     .03725

 

 32     .04455    .04276    .04107     .03948

 

 33     .04720    .04532    .04355     .04188

 

 34     .05002    .04805    .04619     .04444

 

 35     .05304    .05097    .04902     .04718

 

 36     .05626    .05409    .05205     .05012

 

 37     .05969    .05742    .05528     .05325

 

 38     .06336    .06099    .05874     .05662

 

 39     .06729    .06480    .06245     .06023

 

 40     .07149    .06889    .06643     .06411

 

 41     .07600    .07329    .07072     .06828

 

 42     .08083    .07800    .07531     .07277

 

 43     .08598    .08304    .08024     .07758

 

 44     .09148    .08841    .08549     .08272

 

 45     .09730    .09410    .09106     .08817

 

 46     .10345    .10013    .09696     .09395

 

 47     .10991    .10646    .10317     .10004

 

 48     .11671    .11313    .10972     .10646

 

 49     .12385    .12015    .11661     .11322

 

 50     .13138    .12754    .12388     .12037

 

 51     .13929    .13532    .13153     .12789

 

 52     .14755    .14345    .13953     .13577

 

 53     .15616    .15194    .14789     .14400

 

 54     .16514    .16078    .15661     .15260

 

 55     .17449    .17001    .16571     .16157

 

 56     .18422    .17962    .17519     .17093

 

 57     .19434    .18961    .18507     .18069

 

 58     .20481    .19996    .19530     .19080

 

 59     .21558    .21062    .20584     .20123

 

 60     .22666    .22158    .21669     .21196

 

 61     .23806    .23288    .22787     .22304

 

 62     .24985    .24456    .23945     .23451

 

 63     .26205    .25666    .25145     .24641

 

 64     .27463    .26915    .26384     .25870

 

 65     .28761    .28203    .27663     .27140

 

 66     .30101    .29536    .28987     .28456

 

 67     .31491    .30918    .30363     .29823

 

 68     .32928    .32349    .31787     .31240

 

 69     .34408    .33824    .33256     .32703

 

 70     .35924    .35335    .34762     .34204

 

 71     .37467    .36875    .36298     .35736

 

 72     .39034    .38438    .37858     .37293

 

 73     .40619    .40022    .39440     .38872

 

 74     .42230    .41632    .41049     .40479

 

 75     .43874    .43277    .42693     .42123

 

 76     .45558    .44963    .44380     .43811

 

 77     .47282    .46690    .46111     .45543

 

 78     .49044    .48457    .47881     .47317

 

 79     .50833    .50251    .49681     .49122

 

 80     .52630    .52056    .51492     .50939

 

 81     .54422    .53856    .53300     .52754

 

 82     .56198    .55641    .55094     .54557

 

 83     .57958    .57411    .56874     .56346

 

 84     .59715    .59179    .58652     .58134

 

 85     .61478    .60955    .60441     .59934

 

 86     .63233    .62724    .62222     .61728

 

 87     .64953    .64458    .63970     .63489

 

 88     .66634    .66154    .65680     .65213

 

 89     .68276    .67811    .67353     .66900

 

 90     .69876    .69427    .68984     .68547

 

 91     .71404    .70972    .70545     .70123

 

 92     .72829    .72412    .72000     .71593

 

 93     .74150    .73748    .73350     .72957

 

 94     .75388    .75000    .74616     .74237

 

 95     .76569    .76195    .75826     .75460

 

 96     .77686    .77326    .76970     .76617

 

 97     .78725    .78377    .78033     .77693

 

 98     .79703    .79368    .79036     .78708

 

 99     .80662    .80340    .80020     .79704

 

 100    .81600    .81290    .80982     .80678

 

 101    .82529    .82231    .81936     .81643

 

 102    .83444    .83159    .82876     .82596

 

 103    .84355    .84082    .83812     .83544

 

 104    .85333    .85074    .84818     .84563

 

 105    .86287    .86042    .85799     .85557

 

 106    .87530    .87304    .87079     .86855

 

 107    .89051    .88849    .88647     .88447

 

 108    .91468    .91306    .91145     .90984

 

 109    .95704    .95620    .95537     .95455

 

 ____________________________________________________________________

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE     10.2%     10.4%     10.6%     10.8%     11.0%     11.2%

 

 ____________________________________________________________________

 

 0     .01488    .01463    .01439    .01417    .01396    .01377

 

 1     .00662    .00636    .00612    .00589    .00568    .00548

 

 2     .00654    .00626    .00600    .00576    .00554    .00533

 

 3     .00670    .00641    .00613    .00588    .00564    .00542

 

 4     .00699    .00668    .00639    .00612    .00587    .00563

 

 5     .00739    .00706    .00675    .00646    .00620    .00595

 

 6     .00786    .00751    .00718    .00687    .00659    .00633

 

 7     .00841    .00803    .00769    .00736    .00706    .00678

 

 8     .00902    .00863    .00826    .00791    .00759    .00730

 

 9     .00973    .00931    .00892    .00856    .00822    .00790

 

 10     .01055    .01010    .00969    .00930    .00894    .00861

 

 11     .01146    .01099    .01055    .01014    .00976    .00940

 

 12     .01246    .01196    .01150    .01106    .01066    .01028

 

 13     .01351    .01298    .01249    .01204    .01161    .01121

 

 14     .01455    .01400    .01348    .01300    .01255    .01213

 

 15     .01555    .01497    .01443    .01392    .01345    .01300

 

 16     .01648    .01587    .01530    .01477    .01427    .01380

 

 17     .01737    .01673    .01612    .01556    .01504    .01455

 

 18     .01822    .01754    .01691    .01632    .01576    .01525

 

 19     .01908    .01837    .01770    .01708    .01650    .01595

 

 20     .01999    .01924    .01854    .01788    .01726    .01669

 

 21     .02096    .02017    .01943    .01874    .01809    .01748

 

 22     .02197    .02114    .02036    .01963    .01895    .01830

 

 23     .02306    .02218    .02136    .02059    .01987    .01919

 

 24     .02424    .02331    .02245    .02163    .02087    .02016

 

 25     .02552    .02455    .02364    .02278    .02197    .02122

 

 26     .02692    .02589    .02493    .02403    .02318    .02238

 

 27     .02846    .02738    .02636    .02541    .02451    .02367

 

 28     .03012    .02898    .02791    .02690    .02595    .02506

 

 29     .03190    .03070    .02957    .02851    .02751    .02656

 

 30     .03381    .03254    .03135    .03023    .02917    .02817

 

 31     .03583    .03450    .03324    .03206    .03094    .02989

 

 32     .03799    .03659    .03527    .03402    .03284    .03173

 

 33     .04031    .03883    .03744    .03612    .03488    .03371

 

 34     .04279    .04123    .03976    .03838    .03707    .03583

 

 35     .04545    .04382    .04227    .04081    .03943    .03812

 

 36     .04830    .04658    .04495    .04341    .04196    .04058

 

 37     .05134    .04953    .04782    .04620    .04467    .04321

 

 38     .05462    .05272    .05092    .04921    .04760    .04606

 

 39     .05812    .05613    .05424    .05245    .05075    .04913

 

 40     .06190    .05981    .05782    .05594    .05415    .05245

 

 41     .06597    .06378    .06170    .05972    .05784    .05605

 

 42     .07035    .06806    .06587    .06380    .06182    .05994

 

 43     .07505    .07265    .07036    .06818    .06611    .06414

 

 44     .08008    .07757    .07518    .07290    .07072    .06865

 

 45     .08542    .08279    .08029    .07791    .07563    .07346

 

 46     .09108    .08834    .08573    .08324    .08085    .07858

 

 47     .09705    .09419    .09147    .08886    .08637    .08399

 

 48     .10335    .10038    .09754    .09482    .09222    .08973

 

 49     .10999    .10690    .10394    .10111    .09840    .09581

 

 50     .11701    .11380    .11073    .10778    .10496    .10225

 

 51     .12441    .12108    .11789    .11482    .11189    .10907

 

 52     .13217    .12871    .12540    .12222    .11916    .11623

 

 53     .14028    .13670    .13327    .12997    .12680    .12375

 

 54     .14875    .14505    .14150    .13808    .13480    .13163

 

 55     .15760    .15378    .15011    .14657    .14317    .13989

 

 56     .16684    .16290    .15911    .15546    .15194    .14855

 

 57     .17648    .17242    .16851    .16474    .16111    .15760

 

 58     .18647    .18229    .17827    .17438    .17064    .16702

 

 59     .19678    .19249    .18835    .18435    .18049    .17676

 

 60     .20740    .20300    .19875    .19464    .19066    .18682

 

 61     .21837    .21385    .20949    .20527    .20119    .19724

 

 62     .22973    .22511    .22064    .21631    .21212    .20807

 

 63     .24152    .23680    .23222    .22779    .22350    .21934

 

 64     .25372    .24890    .24422    .23969    .23529    .23103

 

 65     .26633    .26141    .25664    .25201    .24752    .24316

 

 66     .27940    .27439    .26953    .26481    .26023    .25577

 

 67     .29299    .28790    .28296    .27815    .27348    .26894

 

 68     .30709    .30193    .29691    .29202    .28728    .28265

 

 69     .32166    .31643    .31134    .30639    .30157    .29687

 

 70     .33661    .33133    .32618    .32116    .31628    .31152

 

 71     .35188    .34654    .34134    .33627    .33133    .32651

 

 72     .36742    .36204    .35679    .35168    .34668    .34181

 

 73     .38317    .37776    .37248    .36733    .36229    .35738

 

 74     .39923    .39380    .38849    .38330    .37823    .37328

 

 75     .41566    .41021    .40489    .39968    .39459    .38961

 

 76     .43254    .42709    .42176    .41655    .41144    .40645

 

 77     .44988    .44444    .43912    .43391    .42880    .42380

 

 78     .46765    .46224    .45694    .45174    .44665    .44166

 

 79     .48574    .48037    .47510    .46993    .46487    .45990

 

 80     .50397    .49865    .49343    .48830    .48327    .47834

 

 81     .52219    .51693    .51176    .50669    .50171    .49682

 

 82     .54029    .53510    .53000    .52499    .52007    .51523

 

 83     .55826    .55315    .54813    .54319    .53834    .53356

 

 84     .57624    .57123    .56629    .56144    .55666    .55195

 

 85     .59435    .58944    .58460    .57984    .57516    .57054

 

 86     .61241    .60762    .60289    .59824    .59365    .58913

 

 87     .63015    .62548    .62087    .61633    .61185    .60744

 

 88     .64753    .64299    .63851    .63409    .62973    .62543

 

 89     .66454    .66013    .65579    .65150    .64726    .64308

 

 90     .68115    .67689    .67268    .66853    .66442    .66037

 

 91     .69706    .69294    .68887    .68486    .68089    .67696

 

 92     .71190    .70792    .70399    .70011    .69627    .69247

 

 93     .72569    .72184    .71804    .71429    .71057    .70689

 

 94     .73861    .73490    .73123    .72759    .72400    .72044

 

 95     .75097    .74739    .74384    .74033    .73686    .73342

 

 96     .76267    .75922    .75579    .75240    .74905    .74572

 

 97     .77356    .77022    .76691    .76363    .76039    .75718

 

 98     .78382    .78059    .77740    .77423    .77110    .76799

 

 99     .79390    .79079    .78771    .78465    .78162    .77862

 

 100    .80376    .80076    .79779    .79485    .79193    .78904

 

 101    .81353    .81066    .80780    .80497    .80217    .79938

 

 102    .82318    .82042    .81768    .81496    .81227    .80960

 

 103    .83278    .83014    .82752    .82491    .82233    .81977

 

 104    .84310    .84059    .83810    .83563    .83317    .83073

 

 105    .85318    .85079    .84843    .84607    .84374    .84142

 

 106    .86633    .86413    .86193    .85975    .85758    .85543

 

 107    .88247    .88049    .87852    .87656    .87460    .87266

 

 108    .90825    .90666    .90507    .90350    .90193    .90037

 

 109    .95372    .95290    .95208    .95126    .95045    .94964

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     11.4%     11.6%     11.8%     12.0%

 

 ____________________________________________________________________

 

 0     .01359    .01343    .01327    .01312

 

 1     .00530    .00513    .00497    .00482

 

 2     .00514    .00496    .00479    .00463

 

 3     .00522    .00502    .00484    .00468

 

 4     .00542    .00521    .00502    .00484

 

 5     .00571    .00550    .00529    .00510

 

 6     .00608    .00585    .00563    .00543

 

 7     .00652    .00627    .00604    .00582

 

 8     .00702    .00675    .00651    .00628

 

 9     .00760    .00733    .00706    .00682

 

 10     .00829    .00799    .00772    .00746

 

 11     .00907    .00875    .00846    .00818

 

 12     .00993    .00960    .00928    .00899

 

 13     .01084    .01049    .01016    .00985

 

 14     .01173    .01136    .01102    .01069

 

 15     .01259    .01220    .01183    .01148

 

 16     .01336    .01295    .01257    .01220

 

 17     .01408    .01365    .01324    .01286

 

 18     .01476    .01430    .01387    .01347

 

 19     .01544    .01495    .01450    .01407

 

 20     .01615    .01564    .01516    .01471

 

 21     .01691    .01637    .01586    .01539

 

 22     .01770    .01713    .01660    .01610

 

 23     .01855    .01795    .01739    .01686

 

 24     .01948    .01885    .01825    .01769

 

 25     .02051    .01984    .01920    .01861

 

 26     .02162    .02091    .02025    .01961

 

 27     .02287    .02212    .02141    .02074

 

 28     .02422    .02342    .02267    .02196

 

 29     .02567    .02483    .02404    .02329

 

 30     .02723    .02634    .02551    .02471

 

 31     .02890    .02796    .02707    .02623

 

 32     .03068    .02968    .02874    .02785

 

 33     .03260    .03155    .03055    .02961

 

 34     .03465    .03354    .03249    .03149

 

 35     .03688    .03571    .03459    .03354

 

 36     .03927    .03803    .03685    .03573

 

 37     .04183    .04052    .03928    .03809

 

 38     .04461    .04322    .04191    .04066

 

 39     .04760    .04614    .04475    .04343

 

 40     .05083    .04929    .04783    .04643

 

 41     .05435    .05272    .05118    .04970

 

 42     .05815    .05644    .05481    .05326

 

 43     .06225    .06045    .05874    .05710

 

 44     .06667    .06478    .06298    .06125

 

 45     .07138    .06940    .06750    .06569

 

 46     .07640    .07432    .07233    .07043

 

 47     .08172    .07954    .07745    .07545

 

 48     .08735    .08507    .08288    .08078

 

 49     .09332    .09093    .08864    .08644

 

 50     .09965    .09716    .09477    .09247

 

 51     .10636    .10376    .10126    .09886

 

 52     .11341    .11071    .10810    .10560

 

 53     .12082    .11801    .11529    .11268

 

 54     .12859    .12566    .12284    .12012

 

 55     .13674    .13370    .13077    .12794

 

 56     .14528    .14213    .13909    .13615

 

 57     .15422    .15096    .14781    .14477

 

 58     .16353    .16015    .15689    .15374

 

 59     .17316    .16968    .16631    .16305

 

 60     .18311    .17952    .17604    .17268

 

 61     .19341    .18971    .18613    .18266

 

 62     .20414    .20033    .19664    .19306

 

 63     .21530    .21139    .20760    .20392

 

 64     .22690    .22289    .21899    .21521

 

 65     .23893    .23482    .23083    .22695

 

 66     .25145    .24724    .24316    .23918

 

 67     .26453    .26024    .25606    .25200

 

 68     .27816    .27378    .26952    .26537

 

 69     .29230    .28785    .28351    .27928

 

 70     .30688    .30235    .29794    .29364

 

 71     .32181    .31722    .31275    .30838

 

 72     .33706    .33241    .32788    .32345

 

 73     .35257    .34788    .34330    .33882

 

 74     .36844    .36370    .35908    .35455

 

 75     .38474    .37997    .37531    .37074

 

 76     .40156    .39677    .39208    .38749

 

 77     .41891    .41411    .40940    .40479

 

 78     .43677    .43197    .42726    .42265

 

 79     .45502    .45024    .44554    .44094

 

 80     .47349    .46873    .46406    .45947

 

 81     .49201    .48729    .48265    .47809

 

 82     .51047    .50580    .50120    .49667

 

 83     .52886    .52424    .51969    .51522

 

 84     .54732    .54277    .53828    .53386

 

 85     .56599    .56151    .55710    .55275

 

 86     .58468    .58029    .57596    .57170

 

 87     .60309    .59880    .59456    .59039

 

 88     .62118    .61700    .61287    .60879

 

 89     .63895    .63488    .63086    .62689

 

 90     .65637    .65241    .64851    .64465

 

 91     .67309    .66925    .66547    .66173

 

 92     .68872    .68501    .68134    .67771

 

 93     .70326    .69967    .69611    .69259

 

 94     .71692    .71344    .71000    .70659

 

 95     .73002    .72665    .72331    .72001

 

 96     .74243    .73917    .73595    .73275

 

 97     .75399    .75084    .74772    .74463

 

 98     .76491    .76186    .75884    .75584

 

 99     .77565    .77270    .76978    .76688

 

 100    .78617    .78333    .78051    .77771

 

 101    .79662    .79388    .79117    .78847

 

 102    .80694    .80431    .80170    .79911

 

 103    .81723    .81470    .81220    .80971

 

 104    .82831    .82591    .82352    .82115

 

 105    .83911    .83682    .83455    .83229

 

 106    .85329    .85116    .84904    .84694

 

 107    .87073    .86881    .86690    .86500

 

 108    .89881    .89727    .89572    .89419

 

 109    .94883    .94803    .94723    .94643

 

 ____________________________________________________________________

 

 TABLE S

 

 BASED ON LIFE TABLE 90CM

 

 SINGLE LIFE REMAINDER FACTORS

 

 APPLICABLE AFTER APRIL 30, 1999

 

 INTEREST RATE

 

 ____________________________________________________________________

 

 AGE     12.2%     12.4%     12.6%     12.8%     13.0%     13.2%

 

 ____________________________________________________________________

 

 0     .01298    .01285    .01273    .01261    .01250    .01240

 

 1     .00468    .00455    .00443    .00431    .00420    .00410

 

 2     .00448    .00435    .00421    .00409    .00398    .00387

 

 3     .00452    .00437    .00423    .00410    .00398    .00386

 

 4     .00468    .00452    .00437    .00423    .00410    .00397

 

 5     .00493    .00476    .00460    .00445    .00431    .00418

 

 6     .00524    .00506    .00489    .00473    .00458    .00444

 

 7     .00562    .00543    .00525    .00508    .00492    .00477

 

 8     .00606    .00586    .00566    .00548    .00531    .00515

 

 9     .00659    .00637    .00616    .00597    .00579    .00561

 

 10     .00721    .00698    .00676    .00655    .00636    .00617

 

 11     .00792    .00767    .00744    .00722    .00701    .00682

 

 12     .00871    .00845    .00821    .00797    .00775    .00754

 

 13     .00955    .00928    .00902    .00877    .00854    .00831

 

 14     .01038    .01009    .00981    .00955    .00930    .00907

 

 15     .01116    .01085    .01056    .01028    .01002    .00977

 

 16     .01186    .01153    .01123    .01094    .01066    .01040

 

 17     .01250    .01215    .01183    .01152    .01124    .01096

 

 18     .01308    .01272    .01238    .01206    .01175    .01147

 

 19     .01367    .01329    .01293    .01259    .01227    .01196

 

 20     .01428    .01388    .01350    .01314    .01280    .01248

 

 21     .01494    .01451    .01411    .01373    .01337    .01303

 

 22     .01562    .01517    .01475    .01435    .01397    .01361

 

 23     .01635    .01588    .01543    .01501    .01460    .01422

 

 24     .01716    .01665    .01618    .01573    .01530    .01489

 

 25     .01804    .01751    .01701    .01653    .01608    .01565

 

 26     .01902    .01845    .01792    .01741    .01693    .01648

 

 27     .02011    .01951    .01895    .01841    .01790    .01742

 

 28     .02129    .02066    .02006    .01949    .01895    .01844

 

 29     .02258    .02191    .02127    .02067    .02009    .01955

 

 30     .02396    .02325    .02257    .02193    .02132    .02074

 

 31     .02543    .02467    .02396    .02328    .02263    .02201

 

 32     .02701    .02621    .02545    .02472    .02404    .02338

 

 33     .02871    .02786    .02706    .02629    .02556    .02487

 

 34     .03054    .02964    .02879    .02797    .02720    .02646

 

 35     .03253    .03158    .03067    .02981    .02898    .02820

 

 36     .03467    .03366    .03269    .03178    .03090    .03007

 

 37     .03697    .03590    .03488    .03391    .03298    .03209

 

 38     .03947    .03833    .03725    .03622    .03524    .03430

 

 39     .04217    .04096    .03982    .03873    .03768    .03669

 

 40     .04510    .04383    .04262    .04146    .04035    .03930

 

 41     .04830    .04695    .04567    .04445    .04327    .04215

 

 42     .05177    .05035    .04900    .04770    .04646    .04527

 

 43     .05553    .05404    .05261    .05123    .04992    .04866

 

 44     .05960    .05802    .05651    .05506    .05368    .05235

 

 45     .06395    .06229    .06069    .05917    .05770    .05630

 

 46     .06860    .06685    .06517    .06356    .06202    .06053

 

 47     .07353    .07169    .06992    .06823    .06660    .06504

 

 48     .07877    .07684    .07498    .07320    .07149    .06984

 

 49     .08433    .08231    .08036    .07849    .07669    .07495

 

 50     .09026    .08814    .08609    .08413    .08224    .08042

 

 51     .09655    .09433    .09219    .09013    .08815    .08624

 

 52     .10318    .10086    .09863    .09647    .09439    .09239

 

 53     .11017    .10774    .10541    .10315    .10098    .09888

 

 54     .11750    .11498    .11254    .11019    .10792    .10572

 

 55     .12522    .12258    .12005    .11759    .11522    .11294

 

 56     .13332    .13059    .12794    .12539    .12292    .12054

 

 57     .14183    .13899    .13624    .13359    .13102    .12853

 

 58     .15070    .14775    .14490    .14215    .13948    .13689

 

 59     .15990    .15685    .15389    .15103    .14826    .14558

 

 60     .16942    .16626    .16321    .16024    .15737    .15459

 

 61     .17929    .17603    .17287    .16981    .16684    .16395

 

 62     .18960    .18623    .18297    .17980    .17673    .17375

 

 63     .20035    .19688    .19352    .19025    .18708    .18400

 

 64     .21154    .20797    .20451    .20114    .19787    .19469

 

 65     .22318    .21951    .21595    .21249    .20912    .20584

 

 66     .23532    .23156    .22790    .22434    .22088    .21751

 

 67     .24804    .24419    .24044    .23679    .23324    .22977

 

 68     .26133    .25740    .25356    .24983    .24618    .24263

 

 69     .27516    .27114    .26723    .26341    .25969    .25605

 

 70     .28945    .28536    .28137    .27747    .27367    .26996

 

 71     .30412    .29996    .29590    .29193    .28806    .28427

 

 72     .31913    .31491    .31078    .30675    .30281    .29895

 

 73     .33444    .33016    .32597    .32188    .31788    .31396

 

 74     .35012    .34579    .34155    .33741    .33335    .32938

 

 75     .36628    .36190    .35762    .35343    .34932    .34530

 

 76     .38299    .37858    .37427    .37004    .36589    .36183

 

 77     .40028    .39585    .39151    .38725    .38307    .37898

 

 78     .41812    .41368    .40933    .40506    .40086    .39675

 

 79     .43641    .43198    .42762    .42334    .41914    .41502

 

 80     .45496    .45054    .44619    .44192    .43772    .43360

 

 81     .47360    .46920    .46487    .46061    .45643    .45231

 

 82     .49223    .48785    .48355    .47932    .47516    .47106

 

 83     .51081    .50648    .50221    .49802    .49388    .48982

 

 84     .52951    .52523    .52101    .51686    .51277    .50874

 

 85     .54847    .54425    .54009    .53600    .53196    .52798

 

 86     .56749    .56335    .55926    .55523    .55126    .54734

 

 87     .58627    .58221    .57820    .57425    .57035    .56650

 

 88     .60477    .60079    .59688    .59301    .58919    .58542

 

 89     .62297    .61909    .61527    .61149    .60776    .60408

 

 90     .64084    .63707    .63335    .62968    .62604    .62246

 

 91     .65803    .65437    .65076    .64719    .64366    .64017

 

 92     .67412    .67058    .66707    .66360    .66017    .65678

 

 93     .68911    .68567    .68227    .67890    .67557    .67227

 

 94     .70321    .69988    .69657    .69330    .69006    .68686

 

 95     .71674    .71351    .71031    .70713    .70399    .70088

 

 96     .72959    .72646    .72335    .72028    .71724    .71422

 

 97     .74156    .73853    .73552    .73254    .72959    .72666

 

 98     .75287    .74993    .74702    .74413    .74126    .73842

 

 99     .76401    .76117    .75834    .75555    .75277    .75002

 

 100    .77494    .77219    .76946    .76676    .76408    .76142

 

 101    .78580    .78315    .78052    .77791    .77532    .77275

 

 102    .79654    .79399    .79146    .78894    .78645    .78397

 

 103    .80724    .80479    .80236    .79994    .79755    .79517

 

 104    .81879    .81646    .81413    .81183    .80954    .80726

 

 105    .83005    .82782    .82560    .82340    .82121    .81904

 

 106    .84485    .84277    .84071    .83866    .83662    .83459

 

 107    .86311    .86124    .85937    .85751    .85566    .85382

 

 108    .89266    .89114    .88963    .88812    .88662    .88513

 

 109    .94563    .94484    .94405    .94326    .94248    .94170

 

 ____________________________________________________________________

 

 [table continued]

 

 ____________________________________________________________________

 

 AGE     13.4%     13.6%     13.8%     14.0%

 

 ____________________________________________________________________

 

 0     .01230    .01221    .01212    .01203

 

 1     .00400    .00391    .00382    .00374

 

 2     .00376    .00366    .00357    .00348

 

 3     .00375    .00365    .00355    .00345

 

 4     .00386    .00375    .00364    .00354

 

 5     .00405    .00393    .00382    .00371

 

 6     .00430    .00418    .00406    .00394

 

 7     .00462    .00449    .00436    .00423

 

 8     .00499    .00485    .00471    .00458

 

 9     .00545    .00529    .00514    .00500

 

 10     .00600    .00583    .00567    .00552

 

 11     .00663    .00645    .00628    .00612

 

 12     .00735    .00716    .00698    .00681

 

 13     .00810    .00790    .00771    .00753

 

 14     .00885    .00864    .00843    .00824

 

 15     .00954    .00932    .00910    .00890

 

 16     .01015    .00992    .00969    .00948

 

 17     .01070    .01045    .01022    .00999

 

 18     .01119    .01093    .01068    .01044

 

 19     .01167    .01140    .01113    .01088

 

 20     .01217    .01188    .01161    .01134

 

 21     .01271    .01240    .01211    .01183

 

 22     .01326    .01294    .01263    .01233

 

 23     .01386    .01351    .01319    .01287

 

 24     .01451    .01415    .01380    .01347

 

 25     .01524    .01485    .01448    .01413

 

 26     .01604    .01563    .01524    .01487

 

 27     .01696    .01652    .01610    .01571

 

 28     .01795    .01748    .01704    .01662

 

 29     .01903    .01853    .01806    .01762

 

 30     .02019    .01966    .01916    .01869

 

 31     .02143    .02087    .02034    .01983

 

 32     .02276    .02217    .02160    .02106

 

 33     .02420    .02357    .02297    .02240

 

 34     .02576    .02509    .02445    .02383

 

 35     .02745    .02674    .02606    .02541

 

 36     .02928    .02852    .02779    .02710

 

 37     .03125    .03044    .02967    .02893

 

 38     .03340    .03254    .03172    .03094

 

 39     .03573    .03482    .03395    .03312

 

 40     .03828    .03732    .03639    .03550

 

 41     .04108    .04005    .03907    .03812

 

 42     .04413    .04304    .04200    .04100

 

 43     .04746    .04630    .04520    .04413

 

 44     .05107    .04985    .04867    .04754

 

 45     .05495    .05365    .05241    .05121

 

 46     .05911    .05774    .05643    .05516

 

 47     .06353    .06209    .06070    .05936

 

 48     .06826    .06673    .06527    .06385

 

 49     .07329    .07168    .07013    .06864

 

 50     .07867    .07698    .07535    .07378

 

 51     .08440    .08262    .08091    .07926

 

 52     .09046    .08860    .08680    .08506

 

 53     .09686    .09491    .09302    .09120

 

 54     .10361    .10156    .09958    .09767

 

 55     .11072    .10859    .10652    .10451

 

 56     .11823    .11599    .11383    .11174

 

 57     .12613    .12380    .12154    .11936

 

 58     .13439    .13197    .12962    .12734

 

 59     .14298    .14046    .13801    .13564

 

 60     .15189    .14927    .14673    .14426

 

 61     .16115    .15844    .15580    .15324

 

 62     .17085    .16803    .16530    .16264

 

 63     .18100    .17809    .17525    .17250

 

 64     .19159    .18859    .18566    .18281

 

 65     .20265    .19955    .19652    .19358

 

 66     .21422    .21102    .20791    .20487

 

 67     .22640    .22311    .21990    .21678

 

 68     .23917    .23579    .23250    .22929

 

 69     .25251    .24905    .24567    .24237

 

 70     .26633    .26279    .25934    .25596

 

 71     .28057    .27696    .27343    .26998

 

 72     .29519    .29150    .28790    .28438

 

 73     .31013    .30638    .30271    .29913

 

 74     .32549    .32168    .31795    .31430

 

 75     .34136    .33750    .33372    .33001

 

 76     .35784    .35394    .35011    .34636

 

 77     .37496    .37103    .36716    .36337

 

 78     .39271    .38874    .38485    .38103

 

 79     .41096    .40698    .40308    .39924

 

 80     .42954    .42556    .42164    .41779

 

 81     .44827    .44429    .44038    .43653

 

 82     .46703    .46307    .45916    .45532

 

 83     .48581    .48187    .47799    .47416

 

 84     .50477    .50086    .49701    .49321

 

 85     .52406    .52019    .51638    .51262

 

 86     .54348    .53966    .53591    .53220

 

 87     .56270    .55895    .55526    .55161

 

 88     .58170    .57802    .57439    .57081

 

 89     .60044    .59685    .59330    .58979

 

 90     .61891    .61540    .61194    .60851

 

 91     .63672    .63330    .62993    .62659

 

 92     .65342    .65010    .64682    .64357

 

 93     .66901    .66578    .66258    .65942

 

 94     .68369    .68055    .67744    .67437

 

 95     .69781    .69476    .69174    .68875

 

 96     .71123    .70828    .70534    .70244

 

 97     .72376    .72089    .71804    .71522

 

 98     .73561    .73282    .73006    .72732

 

 99     .74730    .74459    .74191    .73926

 

 100    .75878    .75616    .75357    .75099

 

 101    .77021    .76768    .76517    .76268

 

 102    .78152    .77908    .77666    .77426

 

 103    .79280    .79046    .78813    .78582

 

 104    .80501    .80276    .80054    .79832

 

 105    .81688    .81474    .81260    .81049

 

 106    .83257    .83057    .82857    .82659

 

 107    .85199    .85017    .84835    .84655

 

 108    .88364    .88216    .88068    .87922

 

 109    .94092    .94014    .93937    .93860

 

 ____________________________________________________________________

 

 LIFE TABLE

 

 TABLE 90CM

 

 APPLICABLE AFTER APRIL 30, 1999

 

 Age x      l(x)        Age x       l(x)        Age x     l(x)

 

 ==============================================================

 

 (1)       (2)           (1)        (2)          (1)       (2)

 

 0      100000          37        95969          74      62852

 

 1       99064          38        95780          75      60449

 

 2       98992          39        95581          76      57955

 

 3       98944          40        95373          77      55373

 

 4       98907          41        95156          78      52704

 

 5       98877          42        94928          79      49943

 

 6       98850          43        94687          80      47084

 

 7       98826          44        94431          81      44129

 

 8       98803          45        94154          82      41091

 

 9       98783          46        93855          83      37994

 

 10       98766          47        93528          84      34876

 

 11       98750          48        93173          85      31770

 

 12       98734          49        92787          86      28687

 

 13       98713          50        92370          87      25638

 

 14       98681          51        91918          88      22658

 

 15       98635          52        91424          89      19783

 

 16       98573          53        90885          90      17046

 

 17       98497          54        90297          91      14466

 

 18       98409          55        89658          92      12066

 

 19       98314          56        88965          93       9884

 

 20       98215          57        88214          94       7951

 

 21       98113          58        87397          95       6282

 

 22       98006          59        86506          96       4868

 

 23       97896          60        85537          97       3694

 

 24       97784          61        84490          98       2745

 

 25       97671          62        83368          99       1999

 

 26       97556          63        82169         100       1424

 

 27       97441          64        80887         101        991

 

 28       97322          65        79519         102        672

 

 29       97199          66        78066         103        443

 

 30       97070          67        76531         104        284

 

 31       96934          68        74907         105        175

 

 32       96791          69        73186         106        105

 

 33       96642          70        71357         107         60

 

 34       96485          71        69411         108         33

 

 35       96322          72        67344         109         17

 

 36       96150          73        65154         110          0

 

 

(e) EFFECTIVE DATES. This section applies after April 30, 1999.

Section 20.2031-7T [Removed]

Par. 13a. Section 20.2031-7T is removed.

Par. 14. Section 20.7520-1 is amended by revising paragraphs (a)(2), (b)(2), (c)(1), (c)(2) and (d) to read as follows:

SECTION 20.7520-1 VALUATION OF ANNUITIES, UNITRUST INTERESTS, INTERESTS FOR LIFE OR TERM OF YEARS, AND REMAINDER OR REVERSIONARY INTERESTS.

(a) * * *

(2) In the case of a transfer to a pooled income fund with a valuation date after April 30, 1999, see section 1.642(c)-6(e) (or, for certain prior periods, section 1.642(c)-6A of this chapter) of this chapter with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) MORTALITY COMPONENT. The mortality component reflects the mortality data most recently available from the United States Census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the mortality component tables will be published in the regulations at that time. For decedents' estates with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is included in section 20.2031-7(d)(7). See section 20.2031-7A for mortality component tables applicable to decedent's estates with valuation dates before May 1, 1999.

(c) * * *

(1) REGULATION SECTIONS CONTAINING TABLES WITH INTEREST RATES BETWEEN 4.2 AND 14 PERCENT FOR VALUATION DATES AFTER APRIL 30, 1999. Section 1.642(c)-6(e)(6) of this chapter contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in section 1.642(c)-5 of this chapter. See section 1.642(c)-6A of this chapter for single life remainder factors applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this chapter contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4(e)(7) of this chapter contains Table U(1) (unitrust single life remainder factors). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in section 1.664-3 of this chapter. See section 1.664-4A of this chapter for unitrust single life remainder factors applicable to valuation dates before May 1, 1999. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7(d)(7) contains Table S (single life remainder factors) and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See section 20.2031-7A for single life remainder factors and mortality components applicable to valuation dates before May 1, 1999.

(2) INTERNAL REVENUE SERVICE PUBLICATIONS CONTAINING TABLES WITH INTEREST RATES BETWEEN 2.2 AND 22 PERCENT FOR VALUATION DATES AFTER APRIL 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:

(i) Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in section 1.664-2 of this chapter and a pooled income fund as defined in section 1.642(c)-5 of this chapter. See section 20.2031-7A for publications containing tables for valuation dates before May 1, 1999.

(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (7-1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in section 1.664-3 of this chapter. See section 1.664-4A of this chapter for publications containing tables for valuation dates before May 1, 1999.

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (7-1999). This publication includes tables for computing depreciation adjustment factors. See section 1.170A-12 of this chapter.

(d) EFFECTIVE DATE. This section applies after April 30, 1989.

Section 20.7520-1T [Removed]

Par. 15. Section 20.7520-1T is removed.

PART 25 -- GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

Par. 16. The authority citation for part 25 is amended by removing the entries for Sections 25-2512-5T and 25.7520-1T to read in part as follows:

Authority: 26 U.S.C. 7805 * * *

Section 25.2512-0 [Amended]

Par. 17. Section 25.2512-0 is amended by removing the entry for section 25.2512-5T from the contents listing.

Par. 18. Section 25.2512-5 is amended by revising paragraphs (c), (d) and (e) to read as follows:

SECTION 25.2512-5 VALUATION OF ANNUITIES, UNITRUST INTERESTS, INTERESTS FOR LIFE OR TERM OF YEARS, AND REMAINDER OR REVERSIONARY INTERESTS.

* * * * *

(c) ACTUARIAL VALUATIONS. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift after April 30, 1999, is determined under paragraph (d) of this section. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift before May 1, 1999, is determined under the following sections:

    Transfers

 

     _________               Applicable

 

  After      Before           Regulations

 

  _____      ______          ___________

 

 01-01-52                   25.2512-5A(a)

 

 12-31-51    01-01-71       25.2512-5A(b)

 

 12-31-70    12-01-83       25.2512-5A(c)

 

 11-30-83    05-01-89       25.2512-5A(d)

 

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

 

 

(d) ACTUARIAL VALUATIONS AFTER APRIL 30, 1999 -- (1) IN GENERAL. Except as otherwise provided in paragraph (b) of this section and section 25.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances), if the valuation date for the gift is after April 30, 1999, the fair market value of annuities, life estates, terms of years, remainders, and reversions transferred after April 30, 1999, is the present value of such interests determined under paragraph (d)(2) of this section and by use of standard or special section 7520 actuarial factors. These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See sections 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 section 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 section 1.642(c)-5 of this chapter, is its value determined under section 1.642(c)-6(e) of this chapter (see section 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 section 1.664-2(a) of this chapter, is its present value determined under section 1.664-2(c) of this chapter. The fair market value of a remainder interest in a charitable remainder unitrust, as defined in section 1.664-3 of this chapter, is its present value determined under section 1.664-4(e) of this chapter. The fair market value of a life interest or term for years in a charitable remainder unitrust is the fair market value of the property as of the date of transfer less the fair market value of the remainder interest, determined under section 1.664-4(e)(4) and (5) of this chapter.

(ii) ORDINARY REMAINDER AND REVERSIONARY INTERESTS. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in section 20.2031-7(d)(6) of this chapter and Table S (for one measuring life when the valuation date is after April 30, 1999) is included in section 20.2031-7(d)(7) of this chapter and Internal Revenue Service Publication 1457. See section 20.2031-7A(e)(4) of this chapter containing Table S and Life Table 80CNSMT for valuation of interests after April 30, 1989, and before May 1, 1999. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) ORDINARY TERM-OF-YEARS AND LIFE INTERESTS. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain nonincome-producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for an interest for a term of years in Table B and for the life of one individual in Table S (for one measuring life when the valuation date is after April 30, 1999). However, term-of-years and life interest actuarial factors are not included in Table B in section 20.2031-7(d)(6) or Table S in section 20.2031-7(d)(7) (or in section 20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate) in Table B (for a term of years) in section 20.2031-7(d)(6) of this chapter or in Table S (for the life of one individual) in section 20.2031-7(d)(7) of this chapter, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) ANNUITIES. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Service Publication 1457 includes actuarial factors in Table B (for an annuity payable for a term of years) and in Table S (for an annuity payable for the life of one individual when the valuation date is after April 30, 1999). However, annuity actuarial factors are not included in Table B in section 20.2031-7(d)(6) of this chapter or Table S in section 20.2031-7(d)(7) (or in section 20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, an annuity factor for a term of years or for one life may be derived mathematically. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in section 20.2031-7(d)(6) of this chapter or in Table S (in the case of a one-life annuity) in section 20.2031-7(d)(7) of this chapter, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number. See section 20.2031-7(d)(2)(iv) of this chapter for an example that illustrates the computation of the present value of an annuity.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor set forth in Table K in section 20.2031-7(d)(6) of this chapter at the appropriate interest rate component for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

EXAMPLE. In July, the donor agreed to pay the annuitant the sum of $10,000 per year, payable in equal semiannual installments at the end of each period. The semiannual installments are to be made on each December 31st and June 30th. The annuity is payable until the annuitant's death. On the date of the agreement, the annuitant is 68 years and 5 months old. The donee annuitant's age is treated as 68 for purposes of computing the present value of the annuity. The section 7520 rate on the date of the agreement is 10.6 percent. Under Table S in section 20.2031-7(d)(7) of this chapter, the factor at 10.6 percent for determining the present value of a remainder interest payable at the death of an individual aged 68 is .29691. Converting the remainder factor to an annuity factor, as described above, the annuity factor for determining the present value of an annuity transferred to an individual age 68 is 6.6329 (1.00000 minus .29691 divided by .106). The adjustment factor from Table K in section 20.2031-7(d)(6) of this chapter in the column for payments made at the end of each semiannual period at the rate of 10.6 percent is 1.0258. The aggregate annual amount of the annuity, $10,000, is multiplied by the factor 6.6329 and the product multiplied by 1.0258. The present value of the donee's annuity is, therefore, $68,040.29 ($10,000 X 6.6329 X 1.0258).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in section 20.2031-7(d)(6) of this chapter at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in paragraph (d)(2)(iv)(B) of this section.

(v) ANNUITY AND UNITRUST INTERESTS FOR A TERM OF YEARS OR UNTIL THE PRIOR DEATH OF AN INDIVIDUAL -- (A) ANNUITY INTERESTS. The present value of an annuity interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in section 20.2031-7(d)(6) and (d)(7) of this chapter as described in the following example:

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

 TABLE S value at 9.8 percent, age 60         .21669 TABLE S value at 9.8 percent, age 70         .34762 TABLE 90CM value at age 70                    71357 TABLE 90CM value at age 60                    85537 TABLE B value at 9.8 percent, 10 years      .392624 TABLE K value at 9.8 percent                 1.0239

 

 

 Factor for donor's retained interest at 9.8 percent:

 

 

 (1.00000 - .21669) - (.392624 X (71357/85537) X (1.00000 - .34762)) _________________________________________________     = 5.8126 .098

 

 

 Present value of donor's retained interest:

 

 

 ($6,000 X 5.8126 X 1.0239)             $35,709.13

 

 

(B) UNITRUST INTERESTS. The present value of a unitrust interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in sections 1.664-4(e)(6) and (e)(7) and section 20.2031-7(d)(7) of this chapter as described in the following example:

EXAMPLE. The donor who, as of the nearest birthday, is 60 years old, transfers $100,000 to a unitrust on January 1st. The trust instrument requires that each year the trust pay to the donor, in equal semiannual installments on June 30th and December 31st, 6 percent of the fair market value of the trust assets, valued as of January 1st each year, for 10 years or until the prior death of the donor. The section 7520 rate for the January in which the transfer occurred is 9.8 percent. Under Table F(9.8) in section 1.664-4(e)(6) of this chapter, the appropriate adjustment factor is .932539 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 5.595 percent (6% X .932539). The present value of the donor's retained interest is $40,848.00 determined as follows:

 TABLE U(1) value at 5.6 percent, age 60       .35375

 

 TABLE U(1) value at 5.6 percent, age 70       .49342

 

 TABLE 90CM value at age 70                     71357

 

 TABLE 90CM value at age 60                     85537

 

 TABLE D value at 5.6 percent, 10 years       .561979

 

 Factor for donor's retained interest at 5.6 percent:

 

 (1.000000 - .35375) - (.561979 X (71357/85537) X (1.000000 - .49342))

 

 = .40876

 

 TABLE U(1) value at 5.4 percent, age 60       .36542

 

 TABLE U(1) value at 5.4 percent, age 70       .50473

 

 TABLE 90CM value at age 70                     71357

 

 TABLE 90CM value at age 60                     85537

 

 TABLE D value at 5.4 percent, 10 years       .573999

 

 Factor for donor's retained interest at 5.4 percent:

 

 (1.000000 - .36542) - (.573999 X (71357/85537) X

 

 (1.000000 - .50473))                          = .39742

 

                                                 ______

 

                                    Difference   .01134

 

 Interpolation adjustment:

 

 5.595% - 5.4%        x

 

 _____________  =  _______

 

 0.2%         .01134

 

 x = .01106

 

 Factor at 5.4 percent, age 60             .39742

 

 Plus: Interpolation adjustment            .01106

 

 Interpolated Factor                             .40848

 

 Present value of donor's retained interest:

 

 ($100,000 X .40848)        $40,848.00

 

 

(3) TRANSITIONAL RULE. If the valuation date of a transfer of property by gift is after April 30, 1999, and before July 1, 1999, the fair market value of the interest transferred is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (see sections 25.7520-1(b) and 25.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(2) of this section or section 25.2512-5A(e), at the option of the donor. However, with respect to each individual transaction and with respect to all transfers occurring on the valuation date, the donor must use the same actuarial tables (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all transfers made on the same date must be valued based on the same tables).

(4) PUBLICATIONS AND ACTUARIAL COMPUTATIONS BY THE INTERNAL REVENUE SERVICE. Many standard actuarial factors not included in sections 20.2031-7(d)(6) or (d)(7) of this chapter are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-1999). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. See section 25.2512-5A for publications containing actuarial factors for valuing interests for which the valuation date is before May 1, 1999. If a special factor is required in the case of a completed gift, the Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, 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 sections 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.

(e) EFFECTIVE DATES. This section applies after April 30, 1999.

Section 25.2512-5T [Removed]

Par. 19. Section 25.2512-5T is removed.

Par. 20. Section 25.7520-1 is amended by revising paragraphs (b)(2), (c)(1), (c)(2) and (d) to read as follows:

SECTION 25.7520-1 VALUATION OF ANNUITIES, UNITRUST INTERESTS, INTERESTS FOR LIFE OR TERM OF YEARS, AND REMAINDER OR REVERSIONARY INTERESTS.

* * * * *

(b) * * *

(2) MORTALITY COMPONENT. The mortality component reflects the mortality data most recently available from the United States Census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the mortality component tables will be published in the regulations at that time. For gifts with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is included in section 20.2031-7(d)(7) of this chapter. See section 20.2031-7A of this chapter for mortality component tables applicable to decedent's estates with valuation dates before May 1, 1999.

(c) * * *

(1) REGULATION SECTIONS CONTAINING TABLES WITH INTEREST RATES BETWEEN 4.2 AND 14 PERCENT FOR VALUATION DATES AFTER APRIL 30, 1999. Section 1.642(c)-6(e)(6) of this chapter contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in section 1.642(c)-5 of this chapter. See section 1.642(c)-6A for single life remainder factors applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this chapter contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4(e)(7) of this chapter contains Table U(1) (unitrust single life remainder factors). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in section 1.664-3 of this chapter. See section 1.664-4A for unitrust single life remainder factors applicable to valuation dates before May 1, 1999. Section 20.2031-7(d)(6) of this chapter contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), Table J (term certain annuity beginning-of- interval adjustment factors). Section 20.2031-7(d)(7) of this chapter contains Table S (single life remainder factors) and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See section 20.2031-7A of this chapter for single life remainder factors and mortality components applicable to valuation dates before May 1, 1999.

(2) INTERNAL REVENUE SERVICE PUBLICATIONS CONTAINING TABLES WITH INTEREST RATES BETWEEN 2.2 AND 22 PERCENT FOR VALUATION DATES AFTER APRIL 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:

(i) Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in section 1.664-2 of this chapter and a pooled income fund as defined in section 1.642(c)-5 of this chapter. See section 25-2512-5A for publications containing tables for valuation dates before May 1, 1999.

(ii) Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (7-1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in section 1.664-3 of this chapter. See section 1.664-4A of this chapter for publications containing tables for valuation dates before May 1, 1999.

(iii) Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (7-1999). This publication includes tables for computing depreciation adjustment factors. See section 1.170A-12 of this chapter.

(d) EFFECTIVE DATE. This section applies after April 30, 1989.

Section 25.7520-1T [Removed]

Par. 21. Section 25.7520-1T is removed.

PARTS 1, 20 AND 25 [AMENDED]

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

 Section                  Remove                Add

 

 _______                  ______                ___

 

 1.170A-12(e)(2),         section 20.2031-7T    section 20.2031-7

 

 following the formula

 

 1.642(c)-6A(e)(2)(ii),   section 1.642(c)-     section 1.642(c)-

 

 last sentence            6T(e)(3)(ii)          6(e)(3)(ii)

 

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

 

                              6T(e)(4)              6(e)(4)

 

 1.642(c)-6A(e)(4),       section 1.642(c)-     section 1.642(c)-

 

 last sentence                6T(e)(5)              6(e)(5)

 

 1.664-1(a)(6),           sections 1.664-4T(e), sections 1.664-4(e)

 

 introductory text          1.664-4T(e)           and 1.664-4A(d) and (e)

 

 1.664-4A(d)

 

 and (e)

 

 1.664-4(e)(6),           section 1.664-        paragraph (e)(5) of

 

 second sentence          4T(e)(7)              this section

 

 1.664-4A(e)(4),          section 1.664-        section 1.664-4(e)(4)

 

 fifth sentence           4T(e)(4)

 

 1.664-4A(e)(4),          section 1.664-        section 1.664-4(e)(4)

 

 last sentence            4T(e)(4)

 

 1.664-4A(e)(5),          section 1.664-        section 1.664-4(e)(5)

 

 fourth sentence          4T(e)(5)

 

 1.664-4A(e)(5),          section 1.664-        section 1.664-4(e)(5)

 

 last sentence            4T(e)(5)

 

 1.7520-1(a)(2)           section 1.642(c)-     section 1.642(c)-6(e)

 

                               6T(e)

 

 20.2031-7A(e)(1),        section 20.2031-      section 20.2031-7(d)

 

 first sentence           7T(d)

 

 20.2055-2(f)(4)          section 20.2031-      section 20.2031-7(d)

 

                             7T(d)

 

 25.2512-5A(e)(1),        section 25.2512-     section 25.2512-5(d)

 

 first sentence           5T(d)

 

 25.7520-1(a)(2)          section 1.642(c)-     section 1.642(c)-6(e)

 

                           6T(e)

 

 25.7520-3(b)(2)(v),      section 20.2031-      section 20.2031-

 

 EXAMPLE 5 (iii)          7T(d)(7)              7(d)(7)

 

Robert E. Wenzel

 

Deputy Commissioner of Internal Revenue

 

Approved: 5/17/00

 

Jonathan Talisman

 

Deputy Assistant Secretary of the Treasury (Tax Policy)
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