Final Regs That Revise Actuarial Tables
T.D. 8886; 65 F.R. 36907-36944
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- Tax Analysts Electronic CitationTD 8886
[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)
Deputy Commissioner of Internal Revenue
Approved: 5/17/00
Jonathan Talisman
Deputy Assistant Secretary of the Treasury (Tax Policy)
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