Income taxes and estate and gift taxes: Annuities valuation, interests for life or terms of years, and remainder or reversionary interests; actuarial tables use,
[Federal Register: April 30, 1999 (Volume 64, Number 83)]
[Rules and Regulations]
[Page 23187-23229]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr30ap99-9]
DEPARTMENT OF THE TREASURY
Internal Revenue Service
26 CFR Parts 1, 20, and 25
[TD 8819]
RIN 1545-AX14
Use of Actuarial Tables in Valuing Annuities, Interests for Life or Terms of Years, and Remainder or Reversionary Interests
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Final and temporary regulations.
SUMMARY: This document contains regulations relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests. These regulations are necessary because section 7520(c)(3) directs the Secretary to update the actuarial tables to reflect the most recent mortality experience available. These regulations will effect the valuation of inter vivos and testamentary transfers of interests dependent on one or more measuring lives. The text of the temporary regulations also serves as the text of the proposed regulations set forth in the notice of proposed rulemaking on this subject elsewhere in this issue of the Federal Register.
DATES: These regulations are effective May 1, 1999.
FOR FURTHER INFORMATION CONTACT: Concerning the regulations, William L. Blodgett, (202) 622-3090 (not a toll-free number).
SUPPLEMENTARY INFORMATION:
Background
This document contains amendments to the regulations revising certain tables used for the valuation of partial interests in property under section 7520 of the Internal Revenue Code of 1986 (Code) to reflect the most recent mortality experience available.
In General
Section 7520, effective for transfers for which the valuation date is after
[[Page 23188]]
April 30, 1989, provides that the value of an annuity, an interest for life or a term of years, and a remainder or reversionary interest is to be determined under tables published by the Internal Revenue Service based on a discount rate (rounded to the nearest two-tenths of one percent) equal to 120 percent of the applicable Federal mid-term rate in effect under section 1274(d)(1) for the month in which the valuation date falls. Section 7520(c)(3) directed the Secretary to issue tables not later than December 31, 1989, utilizing the then most recent mortality experience. Thereafter, the Secretary is directed to revise the tables used in valuing interests dependent on mortality experience not less frequently than once each 10 years to take into account the most recent mortality experience available as of the time of the revision.
These regulations incorporate revised Table S (Single Life Remainder Factors) and Table U(1) (Unitrust Single Life Remainder Factors) based on data compiled from the 1990 census as set forth in Life Table 90CM, and make conforming amendments to various sections to reflect the revised tables. The current tables are moved to sections containing actuarial material for historical reference. Table B, Table D, Tables F(4.2) through F(14.0), Table J, and Table K, which are not based on mortality experience, are not changed. Internal Revenue Service Publications 1457 ``Actuarial Values, Book Aleph'' (forthcoming 1999), 1458 ``Actuarial Values, Book Beth'' (forthcoming 1999), and 1459 ``Actuarial Values, Book Gimel'' (forthcoming 1999) will contain a complete set of actuarial tables that include factors not contained in the regulations (for example, annuity and life interest factors). Although not available on May 1, 1999, IRS anticipates these publications will be available by July 1, 1999. These publications will be available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402.
The following chart summarizes the applicable interest rates and the citations to textual materials and tables for the various periods covered under the regulations:
Cross Reference to Regulation Sections
Valuation period
Interest rate
Regulation section
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......... Sec. 7520
1.642(c)-6A(e)
Table S (5/1/89-4/30/99).
After 04/30/99............ Sec. 7520
1.642(c)-6T(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......... Sec. 7520........... 1.664-4A(e)
Table U(1) (5/1/89-4/30/99).
After 04/30/99............ Sec. 7520
1.664-4T(e)
Table U(1) (after 04/30/99). 1.664-4(e)
Table D and Tables F(4.2)-F(14.0). Section 2031:
Valuation, in general.....
20.2031-7
Before 01/01/52........... 4%
20.2031-7A(a)
01/01/52-12/31/70......... 3.5%
20.2031-7A(b)
01/01/71-11/30/83......... 6%
20.2031-7A(c)
12/01/83-04/30/89......... 10%
20.2031-7A(d)
Table A, Table B, Table LN.
05/01/89-04/30/99......... Sec. 7520
20.2031-7A(e)
Table S (5/1/89-4/30/99) Life Table 80CNSMT.
After 04/30/99............ Sec. 7520
20.2031-7T(d)
Table S (after 04/30/99) and Life Table 90CM. 20.2031-7(d)
Table B, Table J, Table K. Section 2512:
Valuation, in general.....
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......... Sec. 7520
25.2512-5A(e)
After 04/30/99............ Sec. 7520
25.2512-5T(d)
Effective Dates
These regulations are applicable in the case of annuities, interests for life or terms of years, and remainder or reversionary interests created after April 30, 1999.
Transitional Rules
The regulations provide certain transitional rules intended to alleviate any adverse consequences resulting from the proposed regulatory change. For gift tax purposes, if the valuation date of a transfer is after April 30, 1999, but before July 1, 1999, the donor may determine the value of the gift (and/or any applicable charitable deduction) under tables based on either Life Table 80CNSMT or Table 90CM (at the donor's option). Similarly, for estate tax purposes, if the decedent dies after April 30, 1999, but before July 1, 1999, the value of any interest (and/or any applicable charitable deduction) may be determined under tables based on either Table 80CNSMT or Table 90CM, at the option of the decedent's executor. However, the section 7520 interest rate utilized is the appropriate rate for the month in which the valuation date occurs. In accordance with this transitional rule and those contained in
[[Page 23189]]
Sec. Sec. 1.7520-2(a)(2), 20.7520-2(a)(2) and 25.7520-2(a)(2), in cases involving a charitable deduction, if the valuation date occurs after April 30, 1999, and before July 1, 1999, and the executor or donor elects under section 7520(a) to use the section 7520 interest rate for March 1999 or April 1999, then the mortality experience contained in 80CNSMT must be used. If the executor or donor uses the section 7520 interest rate for May 1999 or for June 1999, then the tables based on either Table 80CNSMT or Table 90CM may be used. However, if the valuation date occurs after June 30, 1999, the executor or donor must use the new mortality experience contained in Table 90CM even if a prior month interest rate election under section 7520(a) is made.
In addition, for estate tax purposes, the estate of a mentally incompetent decedent may elect to value the property interest included in the gross estate under the mortality table and interest rate in effect at the time the decedent became mentally incompetent or the mortality table and interest rate in effect on the decedent's date of death if the decedent was under a mental incapacity that existed on May 1, 1999, and continued uninterrupted until the decedent's death, or the decedent died within 90 days of regaining competency after April 30, 1999.
Special Analysis
It has been determined that this Treasury decision is not a significant regulatory action as defined in EO 12866. Therefore, a regulatory assessment is not required. It also has been determined that section 553(b) of the Administrative Procedure Act (5 U.S.C. chapter 5) does not apply to these regulations, and because these regulations do not impose a collection of information requirement on small entities, the Regulatory Flexibility Act (5 U.S.C. chapter 6) does not apply. Therefore, a Regulatory Flexibility Analysis is not required. Pursuant to section 7805(f) of the Internal Revenue Code, these regulations will be submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business.
Drafting information. The principal author of these regulations is William L. Blodgett, Office of Assistant Chief Counsel (Passthroughs and Special Industries), IRS. However, other personnel from the IRS and Treasury Department participated in their development.
List of Subjects
26 CFR Part 1
Income taxes, Reporting and recordkeeping requirements.
26 CFR Part 20
Estate taxes, Reporting and recordkeeping requirements.
26 CFR Part 25
Gift taxes, Reporting and recordkeeping requirements.
Adoption of Amendments to the Regulations
Accordingly, 26 CFR parts 1, 20, and 25 are amended as follows:
PART 1--INCOME TAXES
Paragraph 1. The authority citation for part 1 is amended by adding entries in numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Section 1.170A-12 also issued under 26 U.S.C. 170(f)(4). * * *
Section 1.642(c)-6 also issued under 26 U.S.C. 642(c)(5).
Section 1.642(c)-6T also issued under 26 U.S.C. 642(c)(5).
Section 1.642(c)-6A also issued under 26 U.S.C. 642(c)(5).
Section 1.664-1 also issued under 26 U.S.C. 664(a).
Section 1.664-2 also issued under 26 U.S.C. 664(a).
Section 1.664-3 also issued under 26 U.S.C. 664(a).
Section 1.664-4 also issued under 26 U.S.C. 664(a).
Section 1.664-4T also issued under 26 U.S.C. 664(a).
Section 1.664-4A also issued under 26 U.S.C. 664(a). * * *
Section 1.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *
Par. 2. Section 1.170A-6 is amended by revising paragraph (c)(5), Example (2)(b) introductory text to read as follows:
Sec. 1.170A-6 Charitable contributions in trust.
* * * * *
(c) * * *
(5) * * *
Example 2. * * *
(b) The section 7520 rate at the time of the transfer was 6.0 percent. By reference to Table F(6.0) in Sec. 1.664-4(e)(6), the adjusted payout rate is 4.717% (5% x 0.943396). The present value of the reversion is $6,473.75, computed by reference to Table D in Sec. 1.664-4(e)(6), as follows: * * * * *
Par. 3. Section 1.170A-12T is added to read as follows:
Sec. 1.170A-12T Valuation of a remainder interest in real property for contributions made after July 31, 1969 (temporary).
(a) through (b)(1) [Reserved] For further guidance see Sec. 1.170A- 12(a) through (b)(1).
(b)(2) Computation of depreciation factor after April 30, 1999. If the valuation of the remainder interest in depreciable property is dependent upon the continuation of one life, a special factor must be used. The factor determined under this paragraph (b)(2) is carried to the fifth decimal place. The special factor is to be computed on the basis of the interest rate and life contingencies prescribed in Sec. 20.2031-7T (or for certain prior periods, Sec. 20.2031-7A) of this chapter (Estate Tax Regulations) and on the assumption that the property depreciates on a straight-line basis over its estimated 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 are contained in Internal Revenue Service Publication 1459, ``Actuarial Values, Book Gimel,'' (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. See, however, Sec. 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:
[GRAPHIC] [TIFF OMITTED] TR30AP99.010
[[Page 23190]]
Where:
n=the estimated number of years of useful life, i=the applicable interest rate under section 7520 of the Internal Revenue Code, v=1 divided by the sum of 1 plus the applicable interest rate under section 7520 of the Internal Revenue Code, x=the age of the life tenant, and lx=number of persons living at age x as set forth in Table 90CM of Sec. 20.2031-7T (or, for prior periods, the tables set forth under Sec. 20.2031-7A) of this chapter.
(3) The following example illustrates the provisions of this paragraph (b):
Example. A, who is 62, donates to Y University a remainder interest in a personal residence, consisting of a house and land, subject to a reserved life estate in A. At the time of the gift, the land has a value of $30,000 and the house has a value of $100,000 with an estimated useful life of 45 years, at the end of which the value of the house is expected to be $20,000. The portion of the property considered to be 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 Sec. 20.2031-7T(d) of this chapter for a person age 62 is 0.27925. The value of the nondepreciable remainder interest is $13,962.50 (0.27925 times $50,000). The value of the depreciable remainder interest is $16,148.80 (0.20186, computed under the formula described in paragraph (b)(2) of this section, times $80,000). Therefore, the value of the remainder interest is $30,111.30.
(c) through (e) [Reserved]. For further guidance see Sec. 1.170A-12 (c) through (e).
Par. 4. Section 1.642(c)-6 is amended as follows:
1. Revise the section heading.
2. Paragraph (d) is removed.
3. Paragraph (e) is redesignated as paragraph (e) of Sec. 1.642(c)- 6A.
4. New paragraphs (d) and (e) are added.
5. Paragraph (f) is revised.
The revisions and addition read as follows:
Sec. 1.642(c)-6 Valuation of a remainder interest in property transferred to a pooled income fund.
* * * * *
(d) and (e) [Reserved]. For further guidance, see Sec. 1.642(c)- 6T(d) and (e).
(f) Effective dates. This section applies after April 30, 1989, and before May 1, 1999.
Par. 5. Section 1.642(c)-6T is added to read as follows:
Sec. 1.642(c)-6T Valuation of a remainder interest in property transferred to a pooled income fund (temporary).
(a) through (c) [Reserved]. For further guidance, see Sec. 1.642(c)-6(a) through (c).
(d) Valuation. The present value of the remainder interest in property transferred to a pooled income fund after April 30, 1999, is determined under paragraph (e) of this section. The present value of the remainder interest in property transferred to a pooled income fund for which the valuation date is before May 1, 1999, is determined under the following sections:
Valuation Dates
Applicable regulations After
Before
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......................... 05-01-991.642(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, Sec. 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 Secs. 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(6) of this section or Sec. 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 Sec. 1.642(c)-6A(e)(5), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax 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 Sec. 20.2031-7T(d)(7) of this chapter (Estate Tax Regulations) (See Sec. 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 Sec. 1.642(c)-6(c) unless the highest rate of return is deemed to be the rate described in paragraph (e)(4) of this section for funds in existence less than 3 taxable years. For purposes of this paragraph (e)(3)(ii), the first taxable year of a pooled income fund is considered a taxable year even though the taxable year consists of less than 12 months. However, appropriate adjustments must be made to annualize the rate of return earned by the fund for that period. Where it appears from the facts and circumstances that the highest yearly rate of return of the fund for the 3 taxable years immediately preceding
[[Page 23191]]
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 Sec. 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,'' (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 Sec. 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. This paragraph (e)(5) may be illustrated by the following example:
Example. A, who is 54 years and 8 months, transfers $100,000 to a pooled income fund, and retains a life income interest in the property. The highest yearly rate of return earned by the fund for its 3 preceding taxable years is 9.47 percent. In Table S, the remainder factor opposite 55 years under 9.4 percent is .17449 and under 9.6 percent is .17001. The present value of the remainder interest is $17,292.00, computed as follows:
Factor at 9.4 percent for age 55.............................. .17449 Factor at 9.6 percent for age 55.............................. .17001
Difference.................................................... .00448
Interpolation adjustment:
[GRAPHIC] [TIFF OMITTED] TR30AP99.004
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.--Single Life Remainder Factors Applicable After April 30, 1999 Based on Life Table 90CM [Interest rate]
Age
4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
0................................................. .06752 .06130 .05586 .05109 .04691 .04322 .03998 .03711 .03458 .03233 1................................................. .06137 .05495 .04932 .04438 .04003 .03620 .03283 .02985 .02721 .02487 2................................................. .06325 .05667 .05088 .04580 .04132 .03737 .03388 .03079 .02806 .02563 3................................................. .06545 .05869 .05275 .04752 .04291 .03883 .03523 .03203 .02920 .02668 4................................................. .06784 .06092 .05482 .04944 .04469 .04048 .03676 .03346 .03052 .02791 5................................................. .07040 .06331 .05705 .05152 .04662 .04229 .03845 .03503 .03199 .02928 6................................................. .07310 .06583 .05941 .05372 .04869 .04422 .04025 .03672 .03357 .03076 7................................................. .07594 .06849 .06191 .05607 .05089 .04628 .04219 .03854 .03528 .03236 8................................................. .07891 .07129 .06453 .05853 .05321 .04846 .04424 .04046 .03709 .03407 9................................................. .08203 .07423 .06731 .06115 .05567 .05079 .04643 .04253 .03904 .03592 10................................................. .08532 .07734 .07024 .06392 .05829 .05326 .04877 .04474 .04114 .03790 11................................................. .08875 .08059 .07331 .06683 .06104 .05587 .05124 .04709 .04336 .04002 12................................................. .09233 .08398 .07653 .06989 .06394 .05862 .05385 .04957 .04572 .04226 13................................................. .09601 .08748 .07985 .07304 .06693 .06146 .05655 .05214 .04816 .04458 14................................................. .09974 .09102 .08322 .07624 .06997 .06435 .05929 .05474 .05064 .04694 15................................................. .10350 .09460 .08661 .07946 .07303 .06725 .06204 .05735 .05312 .04930 16................................................. .10728 .09818 .09001 .08268 .07608 .07014 .06479 .05996 .05559 .05164 17................................................. .11108 .10179 .09344 .08592 .07916 .07306 .06755 .06257 .05807 .05399 18................................................. .11494 .10545 .09691 .08921 .08227 .07601 .07034 .06521 .06057 .05636 19................................................. .11889 .10921 .10047 .09259 .08548 .07904 .07322 .06794 .06315 .05880 20................................................. .12298 .11310 .10417 .09610 .08881 .08220 .07622 .07078 .06584 .06135 21................................................. .12722 .11713 .10801 .09976 .09228 .08550 .07935 .07375 .06866 .06403 22................................................. .13159 .12130 .11199 .10354 .09588 .08893 .08260 .07685 .07160 .06682 23................................................. .13613 .12563 .11612 .10748 .09964 .09250 .08601 .08009 .07468 .06975 24................................................. .14084 .13014 .12043 .11160 .10357 .09625 .08958 .08349 .07793 .07284
[[Page 23192]]
25................................................. .14574 .13484 .12493 .11591 .10768 .10018 .09334 .08708 .08135 .07611 26................................................. .15084 .13974 .12963 .12041 .11199 .10431 .09728 .09085 .08496 .07956 27................................................. .15615 .14485 .13454 .12513 .11652 .10865 .10144 .09484 .08878 .08322 28................................................. .16166 .15016 .13965 .13004 .12124 .11319 .10580 .09901 .09279 .08706 29................................................. .16737 .15567 .14497 .13516 .12617 .11792 .11035 .10339 .09699 .09109 30................................................. .17328 .16138 .15048 .14047 .13129 .12286 .11510 .10796 .10138 .09532 31................................................. .17938 .16728 .15618 .14599 .13661 .12799 .12004 .11272 .10597 .09974 32................................................. .18568 .17339 .16210 .15171 .14214 .13333 .12520 .11769 .11076 .10435 33................................................. .19220 .17972 .16824 .15766 .14790 .13889 .13058 .12289 .11578 .10920 34................................................. .19894 .18627 .17460 .16383 .15388 .14468 .13618 .12831 .12102 .11426 35................................................. .20592 .19307 .18121 .17025 .16011 .15073 .14204 .13399 .12652 .11958 36................................................. .21312 .20010 .18805 .17691 .16658 .15701 .14814 .13990 .13225 .12514 37................................................. .22057 .20737 .19514 .18382 .17331 .16356 .15450 .14608 .13825 .13096 38................................................. .22827 .21490 .20251 .19100 .18031 .17038 .16113 .15253 .14452 .13705 39................................................. .23623 .22270 .21013 .19845 .18759 .17747 .16805 .15927 .15108 .14344 40................................................. .24446 .23078 .21805 .20620 .19516 .18487 .17527 .16631 .15795 .15013 41................................................. .25298 .23915 .22626 .21425 .20305 .19259 .18282 .17368 .16514 .15715 42................................................. .26178 .24782 .23478 .22262 .21125 .20062 .19069 .18138 .17267 .16450 43................................................. .27087 .25678 .24360 .23129 .21977 .20898 .19888 .18941 .18053 .17220 44................................................. .28025 .26603 .25273 .24027 .22860 .21766 .20740 .19777 .18873 .18023 45................................................. .28987 .27555 .26212 .24953 .23772 .22664 .21622 .20644 .19724 .18858 46................................................. .29976 .28533 .27179 .25908 .24714 .23591 .22536 .21542 .20606 .19725 47................................................. .30987 .29535 .28171 .26889 .25682 .24546 .23476 .22468 .21518 .20621 48................................................. .32023 .30563 .29190 .27897 .26678 .25530 .24447 .23425 .22460 .21549 49................................................. .33082 .31615 .30234 .28931 .27702 .26543 .25447 .24412 .23434 .22509 50................................................. .34166 .32694 .31306 .29995 .28756 .27586 .26479 .25432 .24441 .23502 51................................................. .35274 .33798 .32404 .31085 .29838 .28658 .27541 .26482 .25479 .24528 52................................................. .36402 .34924 .33525 .32200 .30946 .29757 .28630 .27561 .26547 .25584 53................................................. .37550 .36070 .34668 .33339 .32078 .30882 .29746 .28667 .27643 .26669 54................................................. .38717 .37237 .35833 .34500 .33234 .32031 .30888 .29801 .28766 .27782 55................................................. .39903 .38424 .37019 .35683 .34413 .33205 .32056 .30961 .29918 .28925 56................................................. .41108 .39631 .38227 .36890 .35617 .34405 .33250 .32149 .31099 .30097 57................................................. .42330 .40857 .39455 .38118 .36844 .35629 .34469 .33363 .32306 .31297 58................................................. .43566 .42098 .40699 .39364 .38089 .36873 .35710 .34600 .33538 .32522 59................................................. .44811 .43351 .41956 .40623 .39350 .38133 .36968 .35855 .34789 .33768 60................................................. .46066 .44613 .43224 .41896 .40624 .39408 .38243 .37127 .36058 .35033 61................................................. .47330 .45887 .44505 .43182 .41914 .40699 .39535 .38418 .37347 .36318 62................................................. .48608 .47175 .45802 .44485 .43223 .42011 .40848 .39732 .38660 .37629 63................................................. .49898 .48478 .47115 .45807 .44550 .43343 .42184 .41069 .39997 .38966 64................................................. .51200 .49793 .48442 .47143 .45895 .44694 .43539 .42427 .41357 .40326 65................................................. .52512 .51121 .49782 .48495 .47255 .46062 .44912 .43805 .42738 .41709 66................................................. .53835 .52461 .51137 .49862 .48634 .47449 .46307 .45206 .44143 .43118 67................................................. .55174 .53818 .52511 .51250 .50034 .48860 .47727 .46633 .45576 .44556 68................................................. .56524 .55188 .53899 .52654 .51452 .50291 .49168 .48083 .47034 .46020 69................................................. .57882 .56568 .55299 .54071 .52885 .51737 .50627 .49552 .48513 .47506 70................................................. .59242 .57951 .56703 .55495 .54325 .53193 .52096 .51034 .50004 .49007 71................................................. .60598 .59332 .58106 .56918 .55767 .54651 .53569 .52520 .51503 .50516 72................................................. .61948 .60707 .59504 .58338 .57206 .56108 .55043 .54009 .53004 .52029 73................................................. .63287 .62073 .60895 .59751 .58640 .57561 .56513 .55495 .54505 .53543 74................................................. .64621 .63435 .62282 .61162 .60073 .59015 .57985 .56984 .56009 .55061 75................................................. .65953 .64796 .63671 .62575 .61510 .60473 .59463 .58480 .57523 .56591 76................................................. .67287 .66160 .65063 .63995 .62954 .61940 .60952 .59989 .59050 .58135 77................................................. .68622 .67526 .66459 .65419 .64404 .63415 .62450 .61509 .60590 .59694 78................................................. .69954 .68892 .67856 .66845 .65858 .64895 .63955 .63036 .62140 .61264 79................................................. .71278 .70250 .69246 .68265 .67308 .66372 .65457 .64563 .63690 .62836 80................................................. .72581 .71588 .70618 .69668 .68740 .67833 .66945 .66077 .65227 .64396 81................................................. .73857 .72899 .71962 .71045 .70147 .69268 .68408 .67566 .66741 .65933 82................................................. .75101 .74178 .73274 .72389 .71522 .70672 .69840 .69024 .68225 .67441 83................................................. .76311 .75423 .74553 .73700 .72864 .72044 .71240 .70451 .69678 .68919 84................................................. .77497 .76645 .75809 .74988 .74183 .73393 .72618 .71857 .71110 .70377 85................................................. .78665 .77848 .77047 .76260 .75487 .74728 .73982 .73250 .72530 .71823 86................................................. .79805 .79025 .78258 .77504 .76764 .76036 .75320 .74617 .73925 .73245 87................................................. .80904 .80159 .79427 .78706 .77998 .77301 .76615 .75940 .75277 .74624 88................................................. .81962 .81251 .80552 .79865 .79188 .78521 .77865 .77220 .76584 .75958 89................................................. .82978 .82302 .81636 .80980 .80335 .79699 .79072 .78455 .77847 .77248 90................................................. .83952 .83309 .82676 .82052 .81437 .80831 .80234 .79645 .79064 .78492 91................................................. .84870 .84260 .83658 .83064 .82479 .81902 .81332 .80771 .80217 .79671 92................................................. .85716 .85136 .84563 .83998 .83441 .82891 .82348 .81812 .81283 .80761 93................................................. .86494 .85942 .85396 .84858 .84326 .83801 .83283 .82771 .82266 .81767 94................................................. .87216 .86690 .86170 .85657 .85149 .84648 .84153 .83664 .83181 .82704 95................................................. .87898 .87397 .86902 .86412 .85928 .85450 .84977 .84510 .84049 .83592 96................................................. .88537 .88060 .87587 .87121 .86659 .86203 .85751 .85305 .84864 .84427 97................................................. .89127 .88672 .88221 .87775 .87335 .86898 .86467 .86040 .85618 .85200 98................................................. .89680 .89245 .88815 .88389 .87968 .87551 .87138 .86730 .86326 .85926
[[Page 23193]]
99................................................. .90217 .89803 .89393 .88987 .88585 .88187 .87793 .87402 .87016 .86633 100................................................. .90738 .90344 .89953 .89567 .89183 .88804 .88428 .88056 .87687 .87322 101................................................. .91250 .90876 .90504 .90137 .89772 .89412 .89054 .88699 .88348 .88000 102................................................. .91751 .91396 .91045 .90696 .90350 .90007 .89668 .89331 .88997 .88666 103................................................. .92247 .91912 .91579 .91249 .90922 .90598 .90276 .89957 .89640 .89326 104................................................. .92775 .92460 .92148 .91839 .91532 .91227 .90924 .90624 .90326 .90031 105................................................. .93290 .92996 .92704 .92415 .92127 .91841 .91558 .91276 .90997 .90719 106................................................. .93948 .93680 .93415 .93151 .92889 .92628 .92370 .92113 .91857 .91604 107................................................. .94739 .94504 .94271 .94039 .93808 .93579 .93351 .93124 .92899 .92675 108................................................. .95950 .95767 .95585 .95404 .95224 .95045 .94867 .94689 .94512 .94336 109................................................. .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170
Age
6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
0................................................. .03034 .02857 .02700 .02559 .02433 .02321 .02220 .02129 .02047 .01973 1................................................. .02279 .02094 .01929 .01782 .01650 .01533 .01427 .01331 .01246 .01168 2................................................. .02347 .02155 .01983 .01829 .01692 .01569 .01458 .01358 .01268 .01187 3................................................. .02444 .02243 .02065 .01905 .01761 .01632 .01516 .01412 .01317 .01232 4................................................. .02558 .02349 .02163 .01996 .01846 .01712 .01590 .01481 .01382 .01292 5................................................. .02686 .02469 .02275 .02101 .01945 .01804 .01677 .01562 .01458 .01364 6................................................. .02825 .02600 .02398 .02217 .02053 .01906 .01773 .01653 .01544 .01445 7................................................. .02976 .02742 .02532 .02343 .02172 .02019 .01880 .01754 .01640 .01536 8................................................. .03137 .02894 .02675 .02479 .02301 .02140 .01995 .01864 .01744 .01635 9................................................. .03311 .03059 .02832 .02627 .02442 .02274 .02122 .01985 .01859 .01745 10................................................. .03499 .03237 .03001 .02788 .02595 .02420 .02262 .02118 .01987 .01867 11................................................. .03700 .03428 .03183 .02961 .02760 .02578 .02413 .02262 .02125 .02000 12................................................. .03913 .03632 .03377 .03146 .02937 .02748 .02575 .02418 .02275 .02144 13................................................. .04135 .03843 .03579 .03339 .03122 .02924 .02744 .02580 .02431 .02294 14................................................. .04359 .04057 .03783 .03534 .03308 .03102 .02915 .02744 .02587 .02444 15................................................. .04584 .04270 .03986 .03728 .03493 .03279 .03083 .02905 .02742 .02593 16................................................. .04806 .04482 .04187 .03919 .03674 .03452 .03248 .03063 .02892 .02736 17................................................. .05029 .04692 .04387 .04108 .03855 .03623 .03411 .03218 .03040 .02877 18................................................. .05253 .04905 .04588 .04299 .04036 .03795 .03574 .03373 .03187 .03017 19................................................. .05484 .05124 .04796 .04496 .04222 .03972 .03742 .03532 .03339 .03161 20................................................. .05726 .05354 .05013 .04702 .04418 .04158 .03919 .03700 .03498 .03313 21................................................. .05980 .05595 .05242 .04920 .04625 .04354 .04105 .03877 .03667 .03473 22................................................. .06246 .05847 .05482 .05147 .04841 .04559 .04301 .04063 .03844 .03642 23................................................. .06524 .06112 .05734 .05387 .05069 .04777 .04508 .04260 .04032 .03821 24................................................. .06819 .06392 .06001 .05642 .05312 .05008 .04728 .04470 .04232 .04012 25................................................. .07131 .06690 .06285 .05913 .05570 .05255 .04964 .04695 .04447 .04218 26................................................. .07460 .07005 .06586 .06200 .05845 .05518 .05215 .04936 .04677 .04438 27................................................. .07810 .07340 .06907 .06508 .06140 .05800 .05485 .05195 .04925 .04676 28................................................. .08179 .07693 .07246 .06833 .06451 .06098 .05772 .05469 .05189 .04929 29................................................. .08566 .08065 .07603 .07176 .06780 .06414 .06075 .05761 .05469 .05198 30................................................. .08973 .08456 .07978 .07536 .07127 .06748 .06396 .06069 .05766 .05483 31................................................. .09398 .08865 .08372 .07915 .07491 .07098 .06733 .06394 .06078 .05785 32................................................. .09843 .09294 .08785 .08313 .07875 .07468 .07089 .06737 .06409 .06103 33................................................. .10310 .09745 .09220 .08732 .08279 .07858 .07466 .07100 .06759 .06441 34................................................. .10799 .10217 .09676 .09173 .08705 .08269 .07862 .07483 .07129 .06798 35................................................. .11314 .10715 .10157 .09638 .09155 .08704 .08283 .07890 .07522 .07179 36................................................. .11852 .11236 .10662 .10127 .09628 .09162 .08726 .08319 .07938 .07581 37................................................. .12416 .11783 .11193 .10641 .10126 .09645 .09194 .08772 .08377 .08006 38................................................. .13009 .12359 .11751 .11183 .10652 .10155 .09689 .09253 .08843 .08459 39................................................. .13629 .12962 .12338 .11753 .11206 .10693 .10212 .09761 .09337 .08938 40................................................. .14281 .13597 .12955 .12355 .11791 .11262 .10766 .10299 .09860 .09447 41................................................. .14966 .14264 .13606 .12989 .12409 .11864 .11352 .10870 .10417 .09989 42................................................. .15685 .14966 .14291 .13657 .13061 .12500 .11972 .11475 .11006 .10564 43................................................. .16437 .15702 .15010 .14360 .13747 .13171 .12627 .12115 .11631 .11174 44................................................. .17224 .16472 .15764 .15098 .14469 .13876 .13317 .12789 .12290 .11819 45................................................. .18042 .17274 .16550 .15867 .15223 .14615 .14040 .13496 .12982 .12496 46................................................. .18893 .18110 .17370 .16671 .16011 .15387 .14796 .14238 .13708 .13207 47................................................. .19775 .18975 .18220 .17505 .16830 .16190 .15584 .15010 .14466 .13950 48................................................. .20688 .19873 .19102 .18373 .17682 .17027 .16406 .15817 .15258 .14727 49................................................. .21633 .20804 .20018 .19274 .18568 .17898 .17262 .16658 .16084 .15539 50................................................. .22612 .21769 .20969 .20210 .19490 .18805 .18155 .17536 .16948 .16388 51................................................. .23625 .22769 .21955 .21182 .20448 .19749 .19084 .18452 .17849 .17275 52................................................. .24669 .23799 .22973 .22186 .21438 .20726 .20047 .19400 .18784 .18196 53................................................. .25742 .24861 .24022 .23222 .22461 .21735 .21043 .20383 .19753 .19151 54................................................. .26845 .25952 .25101 .24290 .23516 .22777 .22072 .21399 .20756 .20140 55................................................. .27978 .27074 .26212 .25389 .24604 .23853 .23136 .22450 .21793 .21166 56................................................. .29140 .28227 .27355 .26522 .25725 .24963 .24233 .23535 .22867 .22227 57................................................. .30333 .29411 .28529 .27686 .26879 .26106 .25365 .24656 .23976 .23324 58................................................. .31551 .30621 .29731 .28878 .28061 .27278 .26528 .25807 .25116 .24453 59................................................. .32790 .31854 .30956 .30095 .29269 .28477 .27716 .26986 .26284 .25610
[[Page 23194]]
60................................................. .34050 .33107 .32202 .31334 .30500 .29699 .28929 .28190 .27478 .26794 61................................................. .35331 .34384 .33473 .32598 .31757 .30948 .30170 .29422 .28701 .28007 62................................................. .36639 .35688 .34772 .33892 .33044 .32229 .31443 .30687 .29958 .29255 63................................................. .37974 .37020 .36101 .35216 .34363 .33542 .32750 .31986 .31250 .30539 64................................................. .39334 .38378 .37456 .36568 .35711 .34884 .34087 .33317 .32574 .31857 65................................................. .40718 .39761 .38838 .37947 .37087 .36257 .35455 .34681 .33932 .33208 66................................................. .42128 .41172 .40249 .39357 .38496 .37663 .36858 .36079 .35326 .34597 67................................................. .43569 .42616 .41694 .40803 .39941 .39107 .38299 .37518 .36761 .36028 68................................................. .45038 .44089 .43170 .42281 .41419 .40585 .39777 .38994 .38235 .37499 69................................................. .46531 .45587 .44672 .43786 .42927 .42094 .41286 .40503 .39743 .39006 70................................................. .48040 .47103 .46194 .45312 .44456 .43626 .42820 .42038 .41278 .40540 71................................................. .49558 .48629 .47727 .46851 .46000 .45174 .44371 .43591 .42832 .42095 72................................................. .51082 .50162 .49268 .48399 .47554 .46733 .45934 .45157 .44401 .43666 73................................................. .52607 .51697 .50813 .49952 .49114 .48299 .47506 .46733 .45981 .45249 74................................................. .54139 .53241 .52367 .51515 .50686 .49879 .49092 .48325 .47578 .46849 75................................................. .55683 .54798 .53936 .53095 .52276 .51477 .50698 .49938 .49197 .48474 76................................................. .57243 .56373 .55524 .54696 .53888 .53100 .52330 .51579 .50846 .50130 77................................................. .58819 .57965 .57132 .56318 .55523 .54747 .53988 .53247 .52523 .51815 78................................................. .60408 .59572 .58755 .57957 .57177 .56414 .55668 .54939 .54225 .53527 79................................................. .62001 .61184 .60385 .59604 .58840 .58092 .57360 .56644 .55943 .55256 80................................................. .63582 .62786 .62007 .61244 .60497 .59765 .59048 .58347 .57659 .56985 81................................................. .65142 .64367 .63608 .62864 .62135 .61421 .60721 .60034 .59361 .58701 82................................................. .66673 .65920 .65182 .64458 .63748 .63052 .62368 .61698 .61041 .60395 83................................................. .68175 .67444 .66728 .66024 .65334 .64656 .63991 .63338 .62696 .62066 84................................................. .69657 .68950 .68256 .67574 .66904 .66246 .65599 .64964 .64340 .63727 85................................................. .71128 .70446 .69775 .69116 .68467 .67830 .67204 .66587 .65982 .65386 86................................................. .72576 .71919 .71272 .70636 .70010 .69394 .68789 .68193 .67606 .67029 87................................................. .73981 .73349 .72726 .72114 .71511 .70917 .70333 .69757 .69190 .68632 88................................................. .75342 .74735 .74137 .73548 .72968 .72396 .71833 .71279 .70732 .70194 89................................................. .76658 .76076 .75503 .74938 .74381 .73832 .73290 .72757 .72231 .71712 90................................................. .77928 .77371 .76823 .76281 .75748 .75221 .74702 .74190 .73684 .73186 91................................................. .79131 .78600 .78075 .77557 .77046 .76542 .76044 .75553 .75068 .74589 92................................................. .80246 .79737 .79235 .78740 .78250 .77767 .77290 .76818 .76353 .75893 93................................................. .81274 .80788 .80307 .79832 .79363 .78899 .78441 .77989 .77542 .77100 94................................................. .82232 .81766 .81306 .80850 .80401 .79956 .79517 .79082 .78653 .78228 95................................................. .83141 .82695 .82254 .81818 .81387 .80961 .80539 .80122 .79710 .79302 96................................................. .83996 .83569 .83147 .82729 .82316 .81907 .81503 .81103 .80707 .80315 97................................................. .84787 .84378 .83973 .83573 .83176 .82784 .82396 .82012 .81632 .81255 98................................................. .85530 .85138 .84750 .84366 .83985 .83609 .83236 .82867 .82502 .82140 99................................................. .86255 .85880 .85508 .85140 .84776 .84415 .84057 .83703 .83353 .83005 100................................................. .86960 .86601 .86246 .85894 .85546 .85200 .84858 .84519 .84183 .83849 101................................................. .87655 .87313 .86974 .86638 .86305 .85975 .85648 .85324 .85003 .84684 102................................................. .88338 .88012 .87689 .87369 .87052 .86738 .86426 .86116 .85809 .85505 103................................................. .89015 .88706 .88399 .88095 .87793 .87494 .87197 .86903 .86611 .86321 104................................................. .89737 .89446 .89157 .88871 .88586 .88304 .88024 .87745 .87469 .87195 105................................................. .90443 .90170 .89898 .89628 .89360 .89094 .88830 .88568 .88307 .88049 106................................................. .91351 .91101 .90852 .90605 .90359 .90115 .89873 .89632 .89392 .89154 107................................................. .92452 .92230 .92010 .91791 .91573 .91356 .91141 .90927 .90714 .90502 108................................................. .94161 .93987 .93814 .93641 .93469 .93298 .93128 .92958 .92790 .92622 109................................................. .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296
Age
8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
0................................................. .01906 .01845 .01790 .01740 .01694 .01652 .01613 .01578 .01546 .01516 1................................................. .01098 .01034 .00977 .00924 .00876 .00833 .00793 .00756 .00722 .00691 2................................................. .01113 .01046 .00986 .00930 .00880 .00834 .00791 .00753 .00717 .00684 3................................................. .01155 .01084 .01020 .00962 .00909 .00860 .00816 .00775 .00737 .00702 4................................................. .01211 .01137 .01069 .01008 .00952 .00900 .00853 .00810 .00770 .00733 5................................................. .01279 .01201 .01130 .01065 .01006 .00952 .00902 .00856 .00814 .00775 6................................................. .01356 .01274 .01199 .01131 .01068 .01011 .00959 .00910 .00865 .00824 7................................................. .01442 .01356 .01277 .01205 .01140 .01079 .01023 .00972 .00925 .00881 8................................................. .01536 .01446 .01363 .01287 .01218 .01154 .01096 .01041 .00991 .00945 9................................................. .01641 .01546 .01460 .01380 .01307 .01240 .01178 .01120 .01068 .01019 10................................................. .01758 .01659 .01567 .01484 .01407 .01336 .01270 .01210 .01154 .01103 11................................................. .01886 .01781 .01686 .01598 .01517 .01442 .01373 .01310 .01251 .01196 12................................................. .02024 .01915 .01814 .01721 .01636 .01558 .01485 .01419 .01357 .01299 13................................................. .02168 .02054 .01948 .01851 .01762 .01679 .01603 .01533 .01467 .01407 14................................................. .02313 .02193 .02083 .01981 .01887 .01801 .01721 .01646 .01578 .01514 15................................................. .02456 .02330 .02214 .02107 .02009 .01918 .01834 .01756 .01684 .01617 16................................................. .02593 .02462 .02340 .02229 .02126 .02030 .01942 .01860 .01785 .01714 17................................................. .02728 .02590 .02463 .02346 .02238 .02138 .02046 .01960 .01880 .01806 18................................................. .02861 .02717 .02584 .02462 .02348 .02243 .02146 .02056 .01972 .01894 19................................................. .02998 .02847 .02708 .02580 .02461 .02351 .02249 .02154 .02066 .01984 20................................................. .03142 .02984 .02839 .02704 .02580 .02465 .02357 .02258 .02165 .02079
[[Page 23195]]
21................................................. .03295 .03130 .02978 .02837 .02706 .02585 .02473 .02368 .02271 .02180 22................................................. .03455 .03283 .03124 .02976 .02839 .02712 .02594 .02484 .02382 .02286 23................................................. .03626 .03446 .03279 .03124 .02981 .02847 .02723 .02608 .02500 .02400 24................................................. .03809 .03620 .03446 .03283 .03133 .02993 .02863 .02741 .02628 .02522 25................................................. .04005 .03808 .03625 .03456 .03298 .03151 .03014 .02887 .02768 .02656 26................................................. .04216 .04010 .03819 .03641 .03476 .03322 .03178 .03044 .02919 .02802 27................................................. .04444 .04229 .04029 .03843 .03670 .03508 .03357 .03217 .03085 .02962 28................................................. .04687 .04463 .04254 .04059 .03877 .03708 .03550 .03402 .03263 .03133 29................................................. .04946 .04712 .04493 .04289 .04099 .03922 .03756 .03600 .03455 .03318 30................................................. .05221 .04976 .04748 .04534 .04335 .04149 .03975 .03812 .03659 .03515 31................................................. .05511 .05255 .05017 .04794 .04585 .04390 .04208 .04037 .03876 .03725 32................................................. .05818 .05551 .05302 .05069 .04851 .04647 .04455 .04276 .04107 .03948 33................................................. .06144 .05866 .05606 .05363 .05135 .04921 .04720 .04532 .04355 .04188 34................................................. .06489 .06200 .05928 .05674 .05436 .05212 .05002 .04805 .04619 .04444 35................................................. .06857 .06555 .06273 .06007 .05758 .05524 .05304 .05097 .04902 .04718 36................................................. .07246 .06932 .06638 .06361 .06101 .05856 .05626 .05409 .05205 .05012 37................................................. .07659 .07332 .07025 .06737 .06466 .06210 .05969 .05742 .05528 .05325 38................................................. .08098 .07758 .07439 .07138 .06855 .06588 .06336 .06099 .05874 .05662 39................................................. .08563 .08210 .07878 .07565 .07270 .06992 .06729 .06480 .06245 .06023 40................................................. .09059 .08692 .08347 .08021 .07714 .07423 .07149 .06889 .06643 .06411 41................................................. .09586 .09206 .08848 .08509 .08189 .07886 .07600 .07329 .07072 .06828 42................................................. .10147 .09753 .09381 .09029 .08696 .08381 .08083 .07800 .07531 .07277 43................................................. .10742 .10334 .09948 .09583 .09237 .08909 .08598 .08304 .08024 .07758 44................................................. .11373 .10950 .10551 .10172 .09813 .09472 .09148 .08841 .08549 .08272 45................................................. .12035 .11599 .11185 .10792 .10420 .10066 .09730 .09410 .09106 .08817 46................................................. .12732 .12281 .11853 .11447 .11061 .10694 .10345 .10013 .09696 .09395 47................................................. .13460 .12995 .12553 .12133 .11733 .11353 .10991 .10646 .10317 .10004 48................................................. .14223 .13743 .13287 .12853 .12439 .12046 .11671 .11313 .10972 .10646 49................................................. .15020 .14526 .14056 .13608 .13181 .12774 .12385 .12015 .11661 .11322 50................................................. .15855 .15347 .14862 .14401 .13960 .13540 .13138 .12754 .12388 .12037 51................................................. .16727 .16205 .15707 .15232 .14777 .14344 .13929 .13532 .13153 .12789 52................................................. .17634 .17098 .16587 .16097 .15630 .15183 .14755 .14345 .13953 .13577 53................................................. .18576 .18027 .17501 .16999 .16518 .16057 .15616 .15194 .14789 .14400 54................................................. .19552 .18990 .18451 .17935 .17441 .16968 .16514 .16078 .15661 .15260 55................................................. .20564 .19989 .19437 .18908 .18402 .17915 .17449 .17001 .16571 .16157 56................................................. .21613 .21025 .20461 .19919 .19400 .18901 .18422 .17962 .17519 .17093 57................................................. .22698 .22098 .21522 .20968 .20436 .19925 .19434 .18961 .18507 .18069 58................................................. .23816 .23204 .22616 .22051 .21507 .20984 .20481 .19996 .19530 .19080 59................................................. .24962 .24339 .23740 .23163 .22608 .22073 .21558 .21062 .20584 .20123 60................................................. .26136 .25502 .24892 .24304 .23738 .23192 .22666 .22158 .21669 .21196 61................................................. .27339 .26695 .26075 .25477 .24900 .24343 .23806 .23288 .22787 .22304 62................................................. .28578 .27925 .27295 .26687 .26100 .25533 .24985 .24456 .23945 .23451 63................................................. .29854 .29192 .28553 .27935 .27339 .26762 .26205 .25666 .25145 .24641 64................................................. .31164 .30494 .29846 .29221 .28615 .28030 .27463 .26915 .26384 .25870 65................................................. .32508 .31831 .31177 .30543 .29930 .29336 .28761 .28203 .27663 .27140 66................................................. .33891 .33208 .32547 .31906 .31285 .30684 .30101 .29536 .28987 .28456 67................................................. .35318 .34630 .33963 .33316 .32689 .32081 .31491 .30918 .30363 .29823 68................................................. .36785 .36093 .35422 .34770 .34138 .33524 .32928 .32349 .31787 .31240 69................................................. .38290 .37595 .36920 .36265 .35628 .35009 .34408 .33824 .33256 .32703 70................................................. .39823 .39127 .38450 .37791 .37151 .36529 .35924 .35335 .34762 .34204 71................................................. .41378 .40681 .40003 .39343 .38701 .38076 .37467 .36875 .36298 .35736 72................................................. .42950 .42253 .41575 .40914 .40271 .39644 .39034 .38438 .37858 .37293 73................................................. .44535 .43840 .43162 .42502 .41858 .41231 .40619 .40022 .39440 .38872 74................................................. .46139 .45446 .44771 .44112 .43469 .42842 .42230 .41632 .41049 .40479 75................................................. .47769 .47080 .46408 .45752 .45111 .44485 .43874 .43277 .42693 .42123 76................................................. .49430 .48747 .48079 .47427 .46790 .46167 .45558 .44963 .44380 .43811 77................................................. .51123 .50447 .49786 .49139 .48506 .47888 .47282 .46690 .46111 .45543 78................................................. .52845 .52177 .51523 .50884 .50257 .49645 .49044 .48457 .47881 .47317 79................................................. .54584 .53926 .53282 .52650 .52032 .51426 .50833 .50251 .49681 .49122 80................................................. .56325 .55678 .55044 .54423 .53813 .53216 .52630 .52056 .51492 .50939 81................................................. .58054 .57419 .56797 .56186 .55587 .54999 .54422 .53856 .53300 .52754 82................................................. .59762 .59140 .58530 .57931 .57343 .56766 .56198 .55641 .55094 .54557 83................................................. .61448 .60840 .60243 .59657 .59081 .58515 .57958 .57411 .56874 .56346 84................................................. .63124 .62531 .61949 .61376 .60813 .60259 .59715 .59179 .58652 .58134 85................................................. .64800 .64224 .63657 .63099 .62550 .62010 .61478 .60955 .60441 .59934 86................................................. .66461 .65902 .65351 .64810 .64276 .63751 .63233 .62724 .62222 .61728 87................................................. .68083 .67541 .67008 .66483 .65965 .65455 .64953 .64458 .63970 .63489 88................................................. .69663 .69140 .68624 .68116 .67615 .67121 .66634 .66154 .65680 .65213 89................................................. .71201 .70696 .70199 .69708 .69224 .68747 .68276 .67811 .67353 .66900 90................................................. .72694 .72209 .71730 .71257 .70791 .70330 .69876 .69427 .68984 .68547 91................................................. .74117 .73650 .73190 .72735 .72286 .71842 .71404 .70972 .70545 .70123 92................................................. .75439 .74991 .74548 .74110 .73678 .73251 .72829 .72412 .72000 .71593 93................................................. .76664 .76233 .75806 .75385 .74969 .74557 .74150 .73748 .73350 .72957 94................................................. .77809 .77394 .76983 .76578 .76177 .75780 .75388 .75000 .74616 .74237
[[Page 23196]]
95................................................. .78899 .78500 .78106 .77715 .77329 .76947 .76569 .76195 .75826 .75460 96................................................. .79928 .79544 .79165 .78790 .78418 .78050 .77686 .77326 .76970 .76617 97................................................. .80883 .80514 .80149 .79787 .79430 .79075 .78725 .78377 .78033 .77693 98................................................. .81781 .81427 .81075 .80727 .80382 .80041 .79703 .79368 .79036 .78708 99................................................. .82661 .82320 .81982 .81648 .81316 .80988 .80662 .80340 .80020 .79704 100................................................. .83519 .83192 .82868 .82547 .82228 .81913 .81600 .81290 .80982 .80678 101................................................. .84368 .84055 .83744 .83437 .83131 .82829 .82529 .82231 .81936 .81643 102................................................. .85203 .84904 .84607 .84313 .84021 .83731 .83444 .83159 .82876 .82596 103................................................. .86034 .85748 .85465 .85184 .84906 .84629 .84355 .84082 .83812 .83544 104................................................. .86923 .86653 .86385 .86119 .85855 .85593 .85333 .85074 .84818 .84563 105................................................. .87792 .87537 .87283 .87032 .86782 .86534 .86287 .86042 .85799 .85557 106................................................. .88918 .88683 .88450 .88218 .87987 .87758 .87530 .87304 .87079 .86855 107................................................. .90291 .90082 .89873 .89666 .89460 .89255 .89051 .88849 .88647 .88447 108................................................. .92455 .92288 .92123 .91958 .91794 .91630 .91468 .91306 .91145 .90984 109................................................. .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455
Age
10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
0................................................. .01488 .01463 .01439 .01417 .01396 .01377 .01359 .01343 .01327 .01312 1................................................. .00662 .00636 .00612 .00589 .00568 .00548 .00530 .00513 .00497 .00482 2................................................. .00654 .00626 .00600 .00576 .00554 .00533 .00514 .00496 .00479 .00463 3................................................. .00670 .00641 .00613 .00588 .00564 .00542 .00522 .00502 .00484 .00468 4................................................. .00699 .00668 .00639 .00612 .00587 .00563 .00542 .00521 .00502 .00484 5................................................. .00739 .00706 .00675 .00646 .00620 .00595 .00571 .00550 .00529 .00510 6................................................. .00786 .00751 .00718 .00687 .00659 .00633 .00608 .00585 .00563 .00543 7................................................. .00841 .00803 .00769 .00736 .00706 .00678 .00652 .00627 .00604 .00582 8................................................. .00902 .00863 .00826 .00791 .00759 .00730 .00702 .00675 .00651 .00628 9................................................. .00973 .00931 .00892 .00856 .00822 .00790 .00760 .00733 .00706 .00682 10................................................. .01055 .01010 .00969 .00930 .00894 .00861 .00829 .00799 .00772 .00746 11................................................. .01146 .01099 .01055 .01014 .00976 .00940 .00907 .00875 .00846 .00818 12................................................. .01246 .01196 .01150 .01106 .01066 .01028 .00993 .00960 .00928 .00899 13................................................. .01351 .01298 .01249 .01204 .01161 .01121 .01084 .01049 .01016 .00985 14................................................. .01455 .01400 .01348 .01300 .01255 .01213 .01173 .01136 .01102 .01069 15................................................. .01555 .01497 .01443 .01392 .01345 .01300 .01259 .01220 .01183 .01148 16................................................. .01648 .01587 .01530 .01477 .01427 .01380 .01336 .01295 .01257 .01220 17................................................. .01737 .01673 .01612 .01556 .01504 .01455 .01408 .01365 .01324 .01286 18................................................. .01822 .01754 .01691 .01632 .01576 .01525 .01476 .01430 .01387 .01347 19................................................. .01908 .01837 .01770 .01708 .01650 .01595 .01544 .01495 .01450 .01407 20................................................. .01999 .01924 .01854 .01788 .01726 .01669 .01615 .01564 .01516 .01471 21................................................. .02096 .02017 .01943 .01874 .01809 .01748 .01691 .01637 .01586 .01539 22................................................. .02197 .02114 .02036 .01963 .01895 .01830 .01770 .01713 .01660 .01610 23................................................. .02306 .02218 .02136 .02059 .01987 .01919 .01855 .01795 .01739 .01686 24................................................. .02424 .02331 .02245 .02163 .02087 .02016 .01948 .01885 .01825 .01769 25................................................. .02552 .02455 .02364 .02278 .02197 .02122 .02051 .01984 .01920 .01861 26................................................. .02692 .02589 .02493 .02403 .02318 .02238 .02162 .02091 .02025 .01961 27................................................. .02846 .02738 .02636 .02541 .02451 .02367 .02287 .02212 .02141 .02074 28................................................. .03012 .02898 .02791 .02690 .02595 .02506 .02422 .02342 .02267 .02196 29................................................. .03190 .03070 .02957 .02851 .02751 .02656 .02567 .02483 .02404 .02329 30................................................. .03381 .03254 .03135 .03023 .02917 .02817 .02723 .02634 .02551 .02471 31................................................. .03583 .03450 .03324 .03206 .03094 .02989 .02890 .02796 .02707 .02623 32................................................. .03799 .03659 .03527 .03402 .03284 .03173 .03068 .02968 .02874 .02785 33................................................. .04031 .03883 .03744 .03612 .03488 .03371 .03260 .03155 .03055 .02961 34................................................. .04279 .04123 .03976 .03838 .03707 .03583 .03465 .03354 .03249 .03149 35................................................. .04545 .04382 .04227 .04081 .03943 .03812 .03688 .03571 .03459 .03354 36................................................. .04830 .04658 .04495 .04341 .04196 .04058 .03927 .03803 .03685 .03573 37................................................. .05134 .04953 .04782 .04620 .04467 .04321 .04183 .04052 .03928 .03809 38................................................. .05462 .05272 .05092 .04921 .04760 .04606 .04461 .04322 .04191 .04066 39................................................. .05812 .05613 .05424 .05245 .05075 .04913 .04760 .04614 .04475 .04343 40................................................. .06190 .05981 .05782 .05594 .05415 .05245 .05083 .04929 .04783 .04643 41................................................. .06597 .06378 .06170 .05972 .05784 .05605 .05435 .05272 .05118 .04970 42................................................. .07035 .06806 .06587 .06380 .06182 .05994 .05815 .05644 .05481 .05326 43................................................. .07505 .07265 .07036 .06818 .06611 .06414 .06225 .06045 .05874 .05710 44................................................. .08008 .07757 .07518 .07290 .07072 .06865 .06667 .06478 .06298 .06125 45................................................. .08542 .08279 .08029 .07791 .07563 .07346 .07138 .06940 .06750 .06569 46................................................. .09108 .08834 .08573 .08324 .08085 .07858 .07640 .07432 .07233 .07043 47................................................. .09705 .09419 .09147 .08886 .08637 .08399 .08172 .07954 .07745 .07545 48................................................. .10335 .10038 .09754 .09482 .09222 .08973 .08735 .08507 .08288 .08078 49................................................. .10999 .10690 .10394 .10111 .09840 .09581 .09332 .09093 .08864 .08644 50................................................. .11701 .11380 .11073 .10778 .10496 .10225 .09965 .09716 .09477 .09247 51................................................. .12441 .12108 .11789 .11482 .11189 .10907 .10636 .10376 .10126 .09886 52................................................. .13217 .12871 .12540 .12222 .11916 .11623 .11341 .11071 .10810 .10560 53................................................. .14028 .13670 .13327 .12997 .12680 .12375 .12082 .11801 .11529 .11268 54................................................. .14875 .14505 .14150 .13808 .13480 .13163 .12859 .12566 .12284 .12012 55................................................. .15760 .15378 .15011 .14657 .14317 .13989 .13674 .13370 .13077 .12794
[[Page 23197]]
56................................................. .16684 .16290 .15911 .15546 .15194 .14855 .14528 .14213 .13909 .13615 57................................................. .17648 .17242 .16851 .16474 .16111 .15760 .15422 .15096 .14781 .14477 58................................................. .18647 .18229 .17827 .17438 .17064 .16702 .16353 .16015 .15689 .15374 59................................................. .19678 .19249 .18835 .18435 .18049 .17676 .17316 .16968 .16631 .16305 60................................................. .20740 .20300 .19875 .19464 .19066 .18682 .18311 .17952 .17604 .17268 61................................................. .21837 .21385 .20949 .20527 .20119 .19724 .19341 .18971 .18613 .18266 62................................................. .22973 .22511 .22064 .21631 .21212 .20807 .20414 .20033 .19664 .19306 63................................................. .24152 .23680 .23222 .22779 .22350 .21934 .21530 .21139 .20760 .20392 64................................................. .25372 .24890 .24422 .23969 .23529 .23103 .22690 .22289 .21899 .21521 65................................................. .26633 .26141 .25664 .25201 .24752 .24316 .23893 .23482 .23083 .22695 66................................................. .27940 .27439 .26953 .26481 .26023 .25577 .25145 .24724 .24316 .23918 67................................................. .29299 .28790 .28296 .27815 .27348 .26894 .26453 .26024 .25606 .25200 68................................................. .30709 .30193 .29691 .29202 .28728 .28265 .27816 .27378 .26952 .26537 69................................................. .32166 .31643 .31134 .30639 .30157 .29687 .29230 .28785 .28351 .27928 70................................................. .33661 .33133 .32618 .32116 .31628 .31152 .30688 .30235 .29794 .29364 71................................................. .35188 .34654 .34134 .33627 .33133 .32651 .32181 .31722 .31275 .30838 72................................................. .36742 .36204 .35679 .35168 .34668 .34181 .33706 .33241 .32788 .32345 73................................................. .38317 .37776 .37248 .36733 .36229 .35738 .35257 .34788 .34330 .33882 74................................................. .39923 .39380 .38849 .38330 .37823 .37328 .36844 .36370 .35908 .35455 75................................................. .41566 .41021 .40489 .39968 .39459 .38961 .38474 .37997 .37531 .37074 76................................................. .43254 .42709 .42176 .41655 .41144 .40645 .40156 .39677 .39208 .38749 77................................................. .44988 .44444 .43912 .43391 .42880 .42380 .41891 .41411 .40940 .40479 78................................................. .46765 .46224 .45694 .45174 .44665 .44166 .43677 .43197 .42726 .42265 79................................................. .48574 .48037 .47510 .46993 .46487 .45990 .45502 .45024 .44554 .44094 80................................................. .50397 .49865 .49343 .48830 .48327 .47834 .47349 .46873 .46406 .45947 81................................................. .52219 .51693 .51176 .50669 .50171 .49682 .49201 .48729 .48265 .47809 82................................................. .54029 .53510 .53000 .52499 .52007 .51523 .51047 .50580 .50120 .49667 83................................................. .55826 .55315 .54813 .54319 .53834 .53356 .52886 .52424 .51969 .51522 84................................................. .57624 .57123 .56629 .56144 .55666 .55195 .54732 .54277 .53828 .53386 85................................................. .59435 .58944 .58460 .57984 .57516 .57054 .56599 .56151 .55710 .55275 86................................................. .61241 .60762 .60289 .59824 .59365 .58913 .58468 .58029 .57596 .57170 87................................................. .63015 .62548 .62087 .61633 .61185 .60744 .60309 .59880 .59456 .59039 88................................................. .64753 .64299 .63851 .63409 .62973 .62543 .62118 .61700 .61287 .60879 89................................................. .66454 .66013 .65579 .65150 .64726 .64308 .63895 .63488 .63086 .62689 90................................................. .68115 .67689 .67268 .66853 .66442 .66037 .65637 .65241 .64851 .64465 91................................................. .69706 .69294 .68887 .68486 .68089 .67696 .67309 .66925 .66547 .66173 92................................................. .71190 .70792 .70399 .70011 .69627 .69247 .68872 .68501 .68134 .67771 93................................................. .72569 .72184 .71804 .71429 .71057 .70689 .70326 .69967 .69611 .69259 94................................................. .73861 .73490 .73123 .72759 .72400 .72044 .71692 .71344 .71000 .70659 95................................................. .75097 .74739 .74384 .74033 .73686 .73342 .73002 .72665 .72331 .72001 96................................................. .76267 .75922 .75579 .75240 .74905 .74572 .74243 .73917 .73595 .73275 97................................................. .77356 .77022 .76691 .76363 .76039 .75718 .75399 .75084 .74772 .74463 98................................................. .78382 .78059 .77740 .77423 .77110 .76799 .76491 .76186 .75884 .75584 99................................................. .79390 .79079 .78771 .78465 .78162 .77862 .77565 .77270 .76978 .76688 100................................................. .80376 .80076 .79779 .79485 .79193 .78904 .78617 .78333 .78051 .77771 101................................................. .81353 .81066 .80780 .80497 .80217 .79938 .79662 .79388 .79117 .78847 102................................................. .82318 .82042 .81768 .81496 .81227 .80960 .80694 .80431 .80170 .79911 103................................................. .83278 .83014 .82752 .82491 .82233 .81977 .81723 .81470 .81220 .80971 104................................................. .84310 .84059 .83810 .83563 .83317 .83073 .82831 .82591 .82352 .82115 105................................................. .85318 .85079 .84843 .84607 .84374 .84142 .83911 .83682 .83455 .83229 106................................................. .86633 .86413 .86193 .85975 .85758 .85543 .85329 .85116 .84904 .84694 107................................................. .88247 .88049 .87852 .87656 .87460 .87266 .87073 .86881 .86690 .86500 108................................................. .90825 .90666 .90507 .90350 .90193 .90037 .89881 .89727 .89572 .89419 109................................................. .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643
Age
12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
0................................................. .01298 .01285 .01273 .01261 .01250 .01240 .01230 .01221 .01212 .01203 1................................................. .00468 .00455 .00443 .00431 .00420 .00410 .00400 .00391 .00382 .00374 2................................................. .00448 .00435 .00421 .00409 .00398 .00387 .00376 .00366 .00357 .00348 3................................................. .00452 .00437 .00423 .00410 .00398 .00386 .00375 .00365 .00355 .00345 4................................................. .00468 .00452 .00437 .00423 .00410 .00397 .00386 .00375 .00364 .00354 5................................................. .00493 .00476 .00460 .00445 .00431 .00418 .00405 .00393 .00382 .00371 6................................................. .00524 .00506 .00489 .00473 .00458 .00444 .00430 .00418 .00406 .00394 7................................................. .00562 .00543 .00525 .00508 .00492 .00477 .00462 .00449 .00436 .00423 8................................................. .00606 .00586 .00566 .00548 .00531 .00515 .00499 .00485 .00471 .00458 9................................................. .00659 .00637 .00616 .00597 .00579 .00561 .00545 .00529 .00514 .00500 10................................................. .00721 .00698 .00676 .00655 .00636 .00617 .00600 .00583 .00567 .00552 11................................................. .00792 .00767 .00744 .00722 .00701 .00682 .00663 .00645 .00628 .00612 12................................................. .00871 .00845 .00821 .00797 .00775 .00754 .00735 .00716 .00698 .00681 13................................................. .00955 .00928 .00902 .00877 .00854 .00831 .00810 .00790 .00771 .00753 14................................................. .01038 .01009 .00981 .00955 .00930 .00907 .00885 .00864 .00843 .00824 15................................................. .01116 .01085 .01056 .01028 .01002 .00977 .00954 .00932 .00910 .00890 16................................................. .01186 .01153 .01123 .01094 .01066 .01040 .01015 .00992 .00969 .00948
[[Page 23198]]
17................................................. .01250 .01215 .01183 .01152 .01124 .01096 .01070 .01045 .01022 .00999 18................................................. .01308 .01272 .01238 .01206 .01175 .01147 .01119 .01093 .01068 .01044 19................................................. .01367 .01329 .01293 .01259 .01227 .01196 .01167 .01140 .01113 .01088 20................................................. .01428 .01388 .01350 .01314 .01280 .01248 .01217 .01188 .01161 .01134 21................................................. .01494 .01451 .01411 .01373 .01337 .01303 .01271 .01240 .01211 .01183 22................................................. .01562 .01517 .01475 .01435 .01397 .01361 .01326 .01294 .01263 .01233 23................................................. .01635 .01588 .01543 .01501 .01460 .01422 .01386 .01351 .01319 .01287 24................................................. .01716 .01665 .01618 .01573 .01530 .01489 .01451 .01415 .01380 .01347 25................................................. .01804 .01751 .01701 .01653 .01608 .01565 .01524 .01485 .01448 .01413 26................................................. .01902 .01845 .01792 .01741 .01693 .01648 .01604 .01563 .01524 .01487 27................................................. .02011 .01951 .01895 .01841 .01790 .01742 .01696 .01652 .01610 .01571 28................................................. .02129 .02066 .02006 .01949 .01895 .01844 .01795 .01748 .01704 .01662 29................................................. .02258 .02191 .02127 .02067 .02009 .01955 .01903 .01853 .01806 .01762 30................................................. .02396 .02325 .02257 .02193 .02132 .02074 .02019 .01966 .01916 .01869 31................................................. .02543 .02467 .02396 .02328 .02263 .02201 .02143 .02087 .02034 .01983 32................................................. .02701 .02621 .02545 .02472 .02404 .02338 .02276 .02217 .02160 .02106 33................................................. .02871 .02786 .02706 .02629 .02556 .02487 .02420 .02357 .02297 .02240 34................................................. .03054 .02964 .02879 .02797 .02720 .02646 .02576 .02509 .02445 .02383 35................................................. .03253 .03158 .03067 .02981 .02898 .02820 .02745 .02674 .02606 .02541 36................................................. .03467 .03366 .03269 .03178 .03090 .03007 .02928 .02852 .02779 .02710 37................................................. .03697 .03590 .03488 .03391 .03298 .03209 .03125 .03044 .02967 .02893 38................................................. .03947 .03833 .03725 .03622 .03524 .03430 .03340 .03254 .03172 .03094 39................................................. .04217 .04096 .03982 .03873 .03768 .03669 .03573 .03482 .03395 .03312 40................................................. .04510 .04383 .04262 .04146 .04035 .03930 .03828 .03732 .03639 .03550 41................................................. .04830 .04695 .04567 .04445 .04327 .04215 .04108 .04005 .03907 .03812 42................................................. .05177 .05035 .04900 .04770 .04646 .04527 .04413 .04304 .04200 .04100 43................................................. .05553 .05404 .05261 .05123 .04992 .04866 .04746 .04630 .04520 .04413 44................................................. .05960 .05802 .05651 .05506 .05368 .05235 .05107 .04985 .04867 .04754 45................................................. .06395 .06229 .06069 .05917 .05770 .05630 .05495 .05365 .05241 .05121 46................................................. .06860 .06685 .06517 .06356 .06202 .06053 .05911 .05774 .05643 .05516 47................................................. .07353 .07169 .06992 .06823 .06660 .06504 .06353 .06209 .06070 .05936 48................................................. .07877 .07684 .07498 .07320 .07149 .06984 .06826 .06673 .06527 .06385 49................................................. .08433 .08231 .08036 .07849 .07669 .07495 .07329 .07168 .07013 .06864 50................................................. .09026 .08814 .08609 .08413 .08224 .08042 .07867 .07698 .07535 .07378 51................................................. .09655 .09433 .09219 .09013 .08815 .08624 .08440 .08262 .08091 .07926 52................................................. .10318 .10086 .09863 .09647 .09439 .09239 .09046 .08860 .08680 .08506 53................................................. .11017 .10774 .10541 .10315 .10098 .09888 .09686 .09491 .09302 .09120 54................................................. .11750 .11498 .11254 .11019 .10792 .10572 .10361 .10156 .09958 .09767 55................................................. .12522 .12258 .12005 .11759 .11522 .11294 .11072 .10859 .10652 .10451 56................................................. .13332 .13059 .12794 .12539 .12292 .12054 .11823 .11599 .11383 .11174 57................................................. .14183 .13899 .13624 .13359 .13102 .12853 .12613 .12380 .12154 .11936 58................................................. .15070 .14775 .14490 .14215 .13948 .13689 .13439 .13197 .12962 .12734 59................................................. .15990 .15685 .15389 .15103 .14826 .14558 .14298 .14046 .13801 .13564 60................................................. .16942 .16626 .16321 .16024 .15737 .15459 .15189 .14927 .14673 .14426 61................................................. .17929 .17603 .17287 .16981 .16684 .16395 .16115 .15844 .15580 .15324 62................................................. .18960 .18623 .18297 .17980 .17673 .17375 .17085 .16803 .16530 .16264 63................................................. .20035 .19688 .19352 .19025 .18708 .18400 .18100 .17809 .17525 .17250 64................................................. .21154 .20797 .20451 .20114 .19787 .19469 .19159 .18859 .18566 .18281 65................................................. .22318 .21951 .21595 .21249 .20912 .20584 .20265 .19955 .19652 .19358 66................................................. .23532 .23156 .22790 .22434 .22088 .21751 .21422 .21102 .20791 .20487 67................................................. .24804 .24419 .24044 .23679 .23324 .22977 .22640 .22311 .21990 .21678 68................................................. .26133 .25740 .25356 .24983 .24618 .24263 .23917 .23579 .23250 .22929 69................................................. .27516 .27114 .26723 .26341 .25969 .25605 .25251 .24905 .24567 .24237 70................................................. .28945 .28536 .28137 .27747 .27367 .26996 .26633 .26279 .25934 .25596 71................................................. .30412 .29996 .29590 .29193 .28806 .28427 .28057 .27696 .27343 .26998 72................................................. .31913 .31491 .31078 .30675 .30281 .29895 .29519 .29150 .28790 .28438 73................................................. .33444 .33016 .32597 .32188 .31788 .31396 .31013 .30638 .30271 .29913 74................................................. .35012 .34579 .34155 .33741 .33335 .32938 .32549 .32168 .31795 .31430 75................................................. .36628 .36190 .35762 .35343 .34932 .34530 .34136 .33750 .33372 .33001 76................................................. .38299 .37858 .37427 .37004 .36589 .36183 .35784 .35394 .35011 .34636 77................................................. .40028 .39585 .39151 .38725 .38307 .37898 .37496 .37103 .36716 .36337 78................................................. .41812 .41368 .40933 .40506 .40086 .39675 .39271 .38874 .38485 .38103 79................................................. .43641 .43198 .42762 .42334 .41914 .41502 .41096 .40698 .40308 .39924 80................................................. .45496 .45054 .44619 .44192 .43772 .43360 .42954 .42556 .42164 .41779 81................................................. .47360 .46920 .46487 .46061 .45643 .45231 .44827 .44429 .44038 .43653 82................................................. .49223 .48785 .48355 .47932 .47516 .47106 .46703 .46307 .45916 .45532 83................................................. .51081 .50648 .50221 .49802 .49388 .48982 .48581 .48187 .47799 .47416 84................................................. .52951 .52523 .52101 .51686 .51277 .50874 .50477 .50086 .49701 .49321 85................................................. .54847 .54425 .54009 .53600 .53196 .52798 .52406 .52019 .51638 .51262 86................................................. .56749 .56335 .55926 .55523 .55126 .54734 .54348 .53966 .53591 .53220 87................................................. .58627 .58221 .57820 .57425 .57035 .56650 .56270 .55895 .55526 .55161 88................................................. .60477 .60079 .59688 .59301 .58919 .58542 .58170 .57802 .57439 .57081 89................................................. .62297 .61909 .61527 .61149 .60776 .60408 .60044 .59685 .59330 .58979 90................................................. .64084 .63707 .63335 .62968 .62604 .62246 .61891 .61540 .61194 .60851
[[Page 23199]]
91................................................. .65803 .65437 .65076 .64719 .64366 .64017 .63672 .63330 .62993 .62659 92................................................. .67412 .67058 .66707 .66360 .66017 .65678 .65342 .65010 .64682 .64357 93................................................. .68911 .68567 .68227 .67890 .67557 .67227 .66901 .66578 .66258 .65942 94................................................. .70321 .69988 .69657 .69330 .69006 .68686 .68369 .68055 .67744 .67437 95................................................. .71674 .71351 .71031 .70713 .70399 .70088 .69781 .69476 .69174 .68875 96................................................. .72959 .72646 .72335 .72028 .71724 .71422 .71123 .70828 .70534 .70244 97................................................. .74156 .73853 .73552 .73254 .72959 .72666 .72376 .72089 .71804 .71522 98................................................. .75287 .74993 .74702 .74413 .74126 .73842 .73561 .73282 .73006 .72732 99................................................. .76401 .76117 .75834 .75555 .75277 .75002 .74730 .74459 .74191 .73926 100................................................. .77494 .77219 .76946 .76676 .76408 .76142 .75878 .75616 .75357 .75099 101................................................. .78580 .78315 .78052 .77791 .77532 .77275 .77021 .76768 .76517 .76268 102................................................. .79654 .79399 .79146 .78894 .78645 .78397 .78152 .77908 .77666 .77426 103................................................. .80724 .80479 .80236 .79994 .79755 .79517 .79280 .79046 .78813 .78582 104................................................. .81879 .81646 .81413 .81183 .80954 .80726 .80501 .80276 .80054 .79832 105................................................. .83005 .82782 .82560 .82340 .82121 .81904 .81688 .81474 .81260 .81049 106................................................. .84485 .84277 .84071 .83866 .83662 .83459 .83257 .83057 .82857 .82659 107................................................. .86311 .86124 .85937 .85751 .85566 .85382 .85199 .85017 .84835 .84655 108................................................. .89266 .89114 .88963 .88812 .88662 .88513 .88364 .88216 .88068 .87922 109................................................. .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860
(f) Effective dates. This section applies after April 30, 1999.
Par. 6. Immediately following Sec. 1.643(d)-2, the undesignated centerheading is revised to read as follows:
Pooled Income Fund Actuarial Tables Applicable Before May 1, 1999
Par. 7. Section 1.642(c)-6A is amended by:
1. Revising the section heading.
2. Amending newly designated paragraph (e) as follows:
-
Paragraph (e) heading is revised.
-
Paragraph (e)(1), first sentence is revised.
-
Paragraph (e)(2)(ii) is revised.
-
Paragraph (e)(3) is revised.
-
Paragraph (e)(4) is revised.
-
Paragraph (e)(5) introductory text is revised.
-
Paragraph (e)(5), the heading for Table S is revised.
The revisions read as follows:
Sec. 1.642(c)-6A Valuation of charitable remainder interests for which the valuation date is before May 1, 1999.
* * * * *
(e) Present value of the remainder interest in the case of transfers to pooled income funds for which the valuation date is after April 30, 1989, and before May 1, 1999--(1) In general. In the case of transfers to pooled income funds for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a remainder interest is determined under this section. * * *
(2) * * *
(ii) Discount at a rate of interest, compounded annually, equal to the highest yearly rate of return of the pooled income fund for the 3 taxable years immediately preceding its taxable year in which the transfer of property to the fund is made. The provisions of Sec. 1.642(c)-6(c) apply for determining the yearly rate of return. However, where the taxable year is less than 12 months, the provisions of Sec. 1.642(c)-6T(e)(3)(ii) apply for the determining the yearly rate of return.
(3) Pooled income funds in existence less than 3 taxable years. The provisions of Sec. 1.642(c)-6T(e)(4) apply for determining the highest yearly rate of return when the pooled income fund has been in existence less than three taxable years.
(4) Computation of value of remainder interest. The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (e)(5) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based. Table S in paragraph (e)(5) of this section includes factors for yearly rates of return from 4.2 to 14 percent. Many actuarial factors not contained in Table S in paragraph (e)(5) of this section are contained in Table S in Internal Revenue Service Publication 1457, ``Actuarial Values, Alpha Volume,'' (8-89). Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained by a written request to: CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. For other situations, see Sec. 1.642(c)- 6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. For an example of a computation of the present value of a remainder interest requiring a linear interpolation adjustment, see Sec. 1.642(c)-6T(e)(5).
(5) Actuarial tables. In the case of transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following tables:
Table S.--Based on Life Table 80CNSMT Single Life Remainder Factors [Applicable After April 30, 1989, and Before May 1, 1999]
* * * * *
Par. 8. Section 1.664-4 is amended as follows:
1. Paragraph (a)(1) is revised.
2. Paragraph (d) is removed.
3. Paragraphs (e) heading, (e)(1) through (e)(5), and (e)(6) heading, introductory text , and Table U(1) are redesignated as Sec. 1.664-4A(e) heading, (e)(1) through (e)(5) and (e)(6) heading, introductory text, and Table U(1), respectively.
4. New paragraphs (d) through (e)(5) are added.
5. New paragraph heading and introductory text are added to remaining paragraph (e)(6) preceding Table D.
6. Paragraph (f) is revised.
The additions and revision read as follows:
[[Page 23200]]
Sec. 1.664-4 Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.
(a) * * *
(1) [Reserved]. For further guidance, see Sec. 1.664-4T(a)(1). * * * * *
(d) through (e)(5) [Reserved]. For further guidance, see Sec. 1.664-4T(d) through (e)(5).
(6) Actuarial Table D and F (4.2 through 14.0) for transfers for which the valuation date is after April 30, 1989. For transfers for which the valuation date is after April 30, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the section 7520 rate and the tables in this paragraph (e)(6). For transfers for which the valuation date is after April 30, 1999, where the present value of a charitable remainder unitrust interest is dependent on the termination of a life interest , see Sec. 1.664-4T(e)(7). See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, ``Actuarial Values, Book Beth,'' (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. * * * * *
(f) Effective dates. This section applies after April 30, 1989, and before May 1, 1999.
Par. 9. Section 1.664-4T is added to read as follows:
Sec. 1.664-4T Calculation of the fair market value of the remainder interest in a charitable remainder unitrust (temporary).
(a) [Reserved] For further guidance, see Sec. 1.664-4(a).
(1) Life contingencies determined as to each life involved, from the values of lx set forth in Table 90CM contained in Sec. 20.2031- 7T(d)(7) of this chapter (Estate Tax Regulations) in the case of transfers for which the valuation date is after April 30, 1999; or from Table 80CNSMT contained Sec. 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 Sec. 20.2031-7A(a) through (d) of this chapter, whichever is applicable, for transfers for which the valuation date is before May 1, 1989;
(a)(2) through (c) [Reserved] For further guidance, see Sec. 1.664- 4(a)(2) through (c).
(d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in Sec. 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 Sec. 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 regulations After
Before
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......................... 05-01-991.664-4A(e).
(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is after April 30, 1999--(1) In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1999, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(6) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under Sec. 1.664- 3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, Sec. 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 Secs. 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or Sec. 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 Sec. 1.664-4A(e)(6), the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).
(3) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1989, the adjusted payout rate is determined by using the appropriate Table F in Sec. 1.664-4(e)(6), for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see Sec. 1.664-4(e)(6). If the interest rate is below 4.2 percent or greater than 14 percent, see Sec. 1.664- 4(b). The adjusted payout rate is determined by multiplying the fixed percentage described in Sec. 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 Sec. 1.664- 4(a). In the case of a trust having a payout sequence for which no figures have been provided by the appropriate table, and in the case of a trust that determines the fair market value of the trust assets by taking the average of valuations on more than one date during the taxable year, see Sec. 1.664-4(b).
(4) Period is a term of years. If the period described in Sec. 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 Sec. 1.664- 4(e)(6) corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D,
[[Page 23201]]
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 Sec. 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 Sec. 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 Sec. 1.664-4(e)(6), the appropriate adjustment factor is .944628 for quarterly payments payable at the end of each quarter. The adjusted payout rate is 7.557 (8% X .944628). Based on the remainder factors in Table D in Sec. 1.664-4(e)(6), the present value of the remainder interest is $38,950.30, computed as follows:
Factor at 7.4 percent for 12 years........................... .397495 Factor at 7.6 percent for 12 years........................... .387314
Difference................................................... .010181
Interpolation adjustment:
[GRAPHIC] [TIFF OMITTED] TR30AP99.005
Factor at 7.4 percent for 12 years......................
.397495 Less: Interpolation adjustment..........................
.007992
Interpolated factor.....................................
.389503
Present value of remainder interest: ($100,000 X
$38,950.30 .389503)...............................................
(5) Period is the life of one individual. If the period described in Sec. 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 Sec. 1.664-4(b). The application of this paragraph (e)(5) may be illustrated by the following example:
Example. A, who is 44 years and 11 months old, transfers $100,000 to a charitable remainder unitrust on January 1st. The trust instrument requires that the trust pay to A semiannually (on June 30 and December 31) 9 percent of the fair market value of the trust assets as of January 1st during A's life. The section 7520 rate for January is 9.6 percent. Under Table F(9.6) in Sec. 1.664- 4(e)(6), the appropriate adjustment factor is .933805 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 8.404 (9% X .933805). Based on the remainder factors in Table U(1) in this section, the present value of the remainder interest is $10,109.00, computed as follows:
Factor at 8.4 percent at age 45............................... .10117 Factor at 8.6 percent at age 45............................... .09715
Difference.................................................... .00402
Interpolation adjustment:
[GRAPHIC] [TIFF OMITTED] TR30AP99.006
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
(6) [Reserved].
(7) Actuarial Table U(1) for transfers for which the valuation date is after April 30, 1999. For transfers for which the valuation date is after April 30, 1999, the present value of a charitable remainder unitrust interest that is dependent on a term of years or the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (e)(7), and Table D and Table F(4.2) through (14.0) in Sec. 1.664-4(e)(6). See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, ``Actuarial Values, Book Beth,'' (1999). A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402.
Table U(1).--Unitrust Single Life Remainder Factors Applicable for Transfers After April 30, 1999 Based on Life Table 90CM [Adjusted payout rate]
Age
4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
0................................................. .06177 .05580 .05061 .04609 .04215 .03871 .03570 .03307 .03075 .02872 1................................................. .05543 .04925 .04388 .03919 .03509 .03151 .02838 .02563 .02321 .02109 2................................................. .05716 .05081 .04528 .04045 .03622 .03252 .02927 .02642 .02391 .02170 3................................................. .05920 .05268 .04699 .04201 .03765 .03382 .03046 .02750 .02490 .02260 4................................................. .06143 .05475 .04889 .04376 .03926 .03530 .03182 .02876 .02605 .02366 5................................................. .06384 .05697 .05095 .04567 .04103 .03694 .03334 .03016 .02735 .02487 6................................................. .06637 .05933 .05315 .04771 .04292 .03870 .03497 .03168 .02876 .02618
[[Page 23202]]
7................................................. .06905 .06183 .05547 .04987 .04494 .04058 .03673 .03332 .03029 .02761 8................................................. .07186 .06445 .05792 .05216 .04708 .04258 .03859 .03506 .03192 .02914 9................................................. .07482 .06722 .06052 .05460 .04936 .04471 .04060 .03694 .03369 .03079 10................................................. .07793 .07015 .06327 .05718 .05179 .04700 .04274 .03896 .03559 .03259 11................................................. .08120 .07323 .06617 .05991 .05435 .04942 .04502 .04111 .03762 .03450 12................................................. .08461 .07645 .06920 .06277 .05706 .05197 .04744 .04339 .03978 .03655 13................................................. .08812 .07976 .07234 .06574 .05985 .05461 .04993 .04576 .04202 .03867 14................................................. .09168 .08313 .07552 .06874 .06269 .05729 .05247 .04815 .04428 .04081 15................................................. .09527 .08652 .07872 .07176 .06554 .05999 .05501 .05055 .04655 .04296 16................................................. .09886 .08991 .08192 .07478 .06839 .06267 .05754 .05294 .04880 .04508 17................................................. .10249 .09334 .08515 .07782 .07126 .06537 .06008 .05533 .05105 .04720 18................................................. .10616 .09680 .08842 .08090 .07415 .06809 .06264 .05774 .05332 .04933 19................................................. .10994 .10037 .09178 .08407 .07714 .07091 .06529 .06023 .05566 .05153 20................................................. .11384 .10406 .09527 .08737 .08025 .07383 .06805 .06283 .05811 .05384 21................................................. .11790 .10790 .09891 .09080 .08349 .07690 .07094 .06555 .06068 .05626 22................................................. .12208 .11188 .10267 .09436 .08686 .08008 .07395 .06839 .06336 .05879 23................................................. .12643 .11601 .10659 .09808 .09038 .08342 .07710 .07138 .06618 .06146 24................................................. .13095 .12031 .11069 .10197 .09408 .08692 .08042 .07452 .06915 .06427 25................................................. .13567 .12481 .11497 .10605 .09795 .09060 .08392 .07784 .07230 .06726 26................................................. .14058 .12950 .11945 .11032 .10202 .09447 .08760 .08134 .07563 .07042 27................................................. .14571 .13442 .12415 .11481 .10631 .09856 .09149 .08505 .07916 .07379 28................................................. .15104 .13953 .12904 .11949 .11078 .10284 .09558 .08895 .08288 .07733 29................................................. .15656 .14484 .13414 .12438 .11546 .10731 .09986 .09304 .08679 .08106 30................................................. .16229 .15034 .13943 .12946 .12034 .11198 .10433 .09732 .09089 .08498 31................................................. .16821 .15605 .14493 .13474 .12541 .11685 .10900 .10179 .09517 .08909 32................................................. .17433 .16196 .15063 .14023 .13069 .12193 .11387 .10647 .09966 .09339 33................................................. .18068 .16810 .15655 .14595 .13620 .12723 .11897 .11137 .10437 .09791 34................................................. .18724 .17446 .16270 .15189 .14193 .13275 .12430 .11650 .10930 .10265 35................................................. .19405 .18107 .16910 .15808 .14791 .13853 .12987 .12187 .11448 .10764 36................................................. .20109 .18791 .17574 .16451 .15414 .14456 .13569 .12749 .11990 .11287 37................................................. .20838 .19500 .18263 .17120 .16062 .15083 .14177 .13337 .12558 .11835 38................................................. .21593 .20236 .18979 .17816 .16739 .15739 .14813 .13953 .13154 .12412 39................................................. .22374 .20998 .19723 .18540 .17443 .16423 .15477 .14597 .13779 .13017 40................................................. .23183 .21789 .20496 .19294 .18177 .17138 .16172 .15272 .14434 .13653 41................................................. .24021 .22611 .21299 .20079 .18943 .17885 .16899 .15980 .15123 .14322 42................................................. .24889 .23463 .22134 .20896 .19741 .18665 .17660 .16721 .15845 .15025 43................................................. .25786 .24344 .23000 .21744 .20572 .19477 .18453 .17496 .16601 .15762 44................................................. .26712 .25257 .23896 .22625 .21435 .20322 .19281 .18305 .17391 .16534 45................................................. .27665 .26196 .24821 .23534 .22328 .21198 .20139 .19145 .18213 .17338 46................................................. .28644 .27163 .25774 .24472 .23251 .22105 .21028 .20018 .19068 .18174 47................................................. .29647 .28155 .26754 .25438 .24201 .23040 .21947 .20919 .19952 .19041 48................................................. .30676 .29173 .27760 .26431 .25181 .24004 .22896 .21852 .20868 .19941 49................................................. .31729 .30217 .28794 .27453 .26190 .24999 .23876 .22817 .21817 .20873 50................................................. .32808 .31289 .29856 .28505 .27229 .26026 .24889 .23814 .22799 .21839 51................................................. .33912 .32387 .30946 .29585 .28299 .27083 .25933 .24845 .23815 .22840 52................................................. .35038 .33507 .32060 .30691 .29395 .28168 .27005 .25904 .24861 .23872 53................................................. .36185 .34651 .33198 .31821 .30517 .29280 .28106 .26993 .25937 .24934 54................................................. .37352 .35815 .34358 .32976 .31664 .30418 .29234 .28110 .27042 .26026 55................................................. .38539 .37002 .35542 .34155 .32836 .31583 .30390 .29256 .28177 .27149 56................................................. .39746 .38209 .36748 .35358 .34034 .32774 .31574 .30431 .29342 .28303 57................................................. .40971 .39437 .37976 .36584 .35257 .33992 .32785 .31634 .30536 .29488 58................................................. .42212 .40682 .39222 .37829 .36500 .35231 .34019 .32862 .31756 .30699 59................................................. .43464 .41939 .40482 .39090 .37759 .36488 .35272 .34109 .32996 .31932 60................................................. .44726 .43207 .41754 .40364 .39034 .37761 .36542 .35375 .34257 .33186 61................................................. .45999 .44488 .43041 .41655 .40326 .39053 .37833 .36662 .35540 .34463 62................................................. .47286 .45785 .44345 .42964 .41639 .40367 .39146 .37974 .36848 .35767 63................................................. .48589 .47098 .45667 .44293 .42972 .41703 .40484 .39311 .38184 .37100 64................................................. .49903 .48426 .47005 .45638 .44324 .43060 .41843 .40671 .39544 .38458 65................................................. .51229 .49766 .48357 .47001 .45694 .44435 .43223 .42054 .40927 .39841 66................................................. .52568 .51121 .49726 .48381 .47084 .45833 .44626 .43461 .42337 .41252 67................................................. .53924 .52495 .51115 .49784 .48498 .47256 .46056 .44898 .43778 .42696 68................................................. .55293 .53883 .52521 .51205 .49932 .48701 .47511 .46360 .45246 .44169 69................................................. .56671 .55283 .53940 .52640 .51382 .50165 .48985 .47844 .46738 .45666 70................................................. .58052 .56687 .55365 .54084 .52843 .51639 .50473 .49342 .48245 .47181 71................................................. .59431 .58091 .56791 .55529 .54306 .53118 .51966 .50847 .49761 .48707 72................................................. .60804 .59490 .58213 .56973 .55768 .54598 .53461 .52357 .51283 .50239 73................................................. .62168 .60881 .59629 .58411 .57227 .56076 .54955 .53866 .52806 .51774 74................................................. .63528 .62268 .61042 .59848 .58686 .57555 .56453 .55380 .54335 .53316 75................................................. .64887 .63657 .62458 .61290 .60151 .59041 .57959 .56904 .55875 .54872 76................................................. .66249 .65049 .63880 .62739 .61625 .60538 .59478 .58443 .57432 .56446 77................................................. .67612 .66446 .65307 .64194 .63108 .62046 .61009 .59995 .59005 .58037 78................................................. .68975 .67843 .66736 .65654 .64596 .63561 .62548 .61558 .60590 .59643 79................................................. .70330 .69233 .68160 .67109 .66081 .65074 .64088 .63123 .62178 .61253 80................................................. .71666 .70605 .69566 .68548 .67550 .66573 .65615 .64676 .63755 .62853
[[Page 23203]]
81................................................. .72975 .71950 .70946 .69961 .68995 .68047 .67117 .66205 .65310 .64433 82................................................. .74250 .73263 .72293 .71342 .70407 .69490 .68589 .67705 .66837 .65984 83................................................. .75493 .74542 .73608 .72690 .71788 .70902 .70031 .69175 .68333 .67506 84................................................. .76712 .75798 .74900 .74016 .73147 .72292 .71451 .70624 .69810 .69010 85................................................. .77913 .77037 .76175 .75326 .74491 .73668 .72859 .72061 .71276 .70503 86................................................. .79086 .78248 .77423 .76610 .75808 .75019 .74241 .73474 .72719 .71974 87................................................. .80218 .79418 .78628 .77850 .77083 .76326 .75580 .74844 .74118 .73402 88................................................. .81307 .80544 .79790 .79047 .78313 .77589 .76874 .76169 .75473 .74786 89................................................. .82355 .81628 .80909 .80200 .79500 .78808 .78125 .77450 .76783 .76125 90................................................. .83360 .82668 .81985 .81309 .80642 .79982 .79330 .78685 .78048 .77418 91................................................. .84308 .83650 .83000 .82357 .81721 .81092 .80470 .79855 .79246 .78645 92................................................. .85182 .84556 .83937 .83325 .82718 .82119 .81525 .80937 .80356 .79780 93................................................. .85985 .85390 .84800 .84215 .83637 .83064 .82497 .81936 .81379 .80829 94................................................. .86732 .86164 .85601 .85044 .84491 .83944 .83402 .82865 .82333 .81806 95................................................. .87437 .86895 .86359 .85827 .85300 .84778 .84260 .83746 .83237 .82733 96................................................. .88097 .87582 .87070 .86563 .86060 .85561 .85066 .84575 .84088 .83605 97................................................. .88708 .88216 .87727 .87243 .86762 .86285 .85811 .85341 .84875 .84413 98................................................. .89280 .88810 .88343 .87880 .87420 .86964 .86511 .86061 .85614 .85171 99................................................. .89836 .89388 .88943 .88501 .88062 .87626 .87193 .86763 .86336 .85911 100................................................. .90375 .89948 .89525 .89103 .88685 .88269 .87856 .87445 .87037 .86632 101................................................. .90905 .90500 .90097 .89696 .89298 .88902 .88509 .88118 .87729 .87342 102................................................. .91424 .91040 .90658 .90278 .89900 .89524 .89150 .88778 .88408 .88040 103................................................. .91939 .91575 .91214 .90854 .90496 .90139 .89785 .89432 .89081 .88732 104................................................. .92485 .92144 .91805 .91467 .91131 .90796 .90463 .90131 .89800 .89471 105................................................. .93020 .92701 .92383 .92067 .91751 .91437 .91125 .90813 .90502 .90193 106................................................. .93701 .93411 .93122 .92834 .92546 .92260 .91974 .91689 .91405 .91122 107................................................. .94522 .94268 .94013 .93760 .93507 .93254 .93002 .92750 .92499 .92249 108................................................. .95782 .95583 .95385 .95187 .94989 .94791 .94593 .94396 .94199 .94002 109................................................. .97900 .97800 .97700 .97600 .97500 .97400 .97300 .97200 .97100 .97000
Age
6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
0................................................. .02693 .02534 .02395 .02271 .02161 .02063 .01976 .01898 .01828 .01765 1................................................. .01922 .01756 .01610 .01480 .01365 .01263 .01171 .01090 .01017 .00951 2................................................. .01975 .01802 .01650 .01514 .01393 .01286 .01190 .01104 .01028 .00959 3................................................. .02056 .01876 .01717 .01575 .01449 .01336 .01235 .01145 .01064 .00992 4................................................. .02155 .01967 .01800 .01652 .01520 .01401 .01296 .01201 .01116 .01039 5................................................. .02266 .02071 .01896 .01741 .01603 .01479 .01368 .01269 .01179 .01098 6................................................. .02389 .02184 .02003 .01841 .01696 .01566 .01450 .01345 .01251 .01166 7................................................. .02522 .02309 .02120 .01950 .01799 .01663 .01540 .01431 .01332 .01242 8................................................. .02665 .02444 .02246 .02069 .01910 .01768 .01640 .01524 .01420 .01326 9................................................. .02821 .02590 .02384 .02199 .02033 .01884 .01750 .01629 .01520 .01421 10................................................. .02990 .02750 .02535 .02342 .02169 .02013 .01872 .01745 .01631 .01526 11................................................. .03172 .02922 .02698 .02497 .02316 .02153 .02006 .01872 .01752 .01643 12................................................. .03365 .03106 .02872 .02663 .02474 .02303 .02149 .02010 .01884 .01769 13................................................. .03566 .03297 .03054 .02835 .02638 .02460 .02299 .02154 .02021 .01901 14................................................. .03770 .03490 .03237 .03010 .02804 .02619 .02450 .02298 .02159 .02033 15................................................. .03973 .03682 .03419 .03182 .02968 .02775 .02599 .02439 .02294 .02162 16................................................. .04173 .03871 .03598 .03352 .03129 .02926 .02743 .02576 .02424 .02286 17................................................. .04372 .04059 .03775 .03519 .03287 .03076 .02884 .02710 .02551 .02406 18................................................. .04573 .04248 .03953 .03686 .03444 .03224 .03024 .02842 .02676 .02524 19................................................. .04780 .04443 .04137 .03859 .03607 .03378 .03169 .02978 .02804 .02646 20................................................. .04997 .04647 .04329 .04040 .03778 .03539 .03321 .03122 .02940 .02773 21................................................. .05226 .04862 .04532 .04232 .03958 .03709 .03481 .03274 .03083 .02909 22................................................. .05465 .05088 .04745 .04432 .04148 .03888 .03650 .03433 .03234 .03052 23................................................. .05716 .05325 .04969 .04645 .04348 .04077 .03830 .03603 .03394 .03203 24................................................. .05983 .05578 .05208 .04871 .04562 .04280 .04021 .03784 .03566 .03367 25................................................. .06266 .05846 .05463 .05112 .04791 .04497 .04227 .03980 .03752 .03543 26................................................. .06566 .06131 .05734 .05369 .05035 .04729 .04448 .04189 .03951 .03732 27................................................. .06887 .06436 .06024 .05646 .05298 .04979 .04686 .04416 .04168 .03939 28................................................. .07225 .06758 .06331 .05938 .05577 .05245 .04940 .04658 .04398 .04159 29................................................. .07581 .07099 .06656 .06248 .05873 .05528 .05210 .04916 .04645 .04394 30................................................. .07956 .07457 .06998 .06575 .06186 .05827 .05495 .05189 .04906 .04644 31................................................. .08348 .07833 .07358 .06920 .06515 .06142 .05797 .05478 .05182 .04908 32................................................. .08761 .08228 .07736 .07282 .06863 .06475 .06116 .05783 .05475 .05189 33................................................. .09195 .08645 .08136 .07666 .07231 .06828 .06454 .06108 .05786 .05488 34................................................. .09651 .09082 .08557 .08070 .07619 .07200 .06812 .06452 .06117 .05805 35................................................. .10131 .09545 .09002 .08498 .08030 .07596 .07193 .06818 .06469 .06144 36................................................. .10635 .10031 .09470 .08949 .08465 .08015 .07596 .07206 .06842 .06503 37................................................. .11165 .10542 .09963 .09424 .08923 .08457 .08022 .07617 .07238 .06885 38................................................. .11722 .11081 .10484 .09927 .09409 .08926 .08475 .08054 .07661 .07293 39................................................. .12308 .11648 .11032 .10458 .09922 .09422 .08955 .08518 .08109 .07726 40................................................. .12925 .12246 .11612 .11020 .10466 .09949 .09465 .09011 .08587 .08189 41................................................. .13575 .12877 .12225 .11614 .11043 .10508 .10007 .09537 .09097 .08683
[[Page 23204]]
42................................................. .14259 .13542 .12871 .12243 .11654 .11101 .10583 .10097 .09640 .09210 43................................................. .14977 .14242 .13552 .12905 .12298 .11729 .11193 .10690 .10217 .09771 44................................................. .15731 .14976 .14269 .13604 .12979 .12391 .11838 .11318 .10828 .10367 45................................................. .16516 .15743 .15017 .14334 .13691 .13086 .12516 .11979 .11472 .10994 46................................................. .17334 .16544 .15800 .15099 .14438 .13816 .13228 .12674 .12150 .11656 47................................................. .18184 .17375 .16613 .15895 .15217 .14576 .13972 .13400 .12860 .12349 48................................................. .19066 .18240 .17461 .16724 .16029 .15371 .14749 .14161 .13604 .13077 49................................................. .19981 .19138 .18342 .17588 .16875 .16201 .15562 .14956 .14383 .13839 50................................................. .20931 .20072 .19259 .18489 .17759 .17067 .16412 .15790 .15199 .14639 51................................................. .21917 .21042 .20212 .19426 .18679 .17971 .17299 .16660 .16054 .15477 52................................................. .22933 .22043 .21198 .20395 .19633 .18909 .18220 .17566 .16943 .16350 53................................................. .23981 .23076 .22216 .21399 .20621 .19881 .19176 .18506 .17867 .17258 54................................................. .25060 .24141 .23267 .22434 .21642 .20886 .20166 .19480 .18826 .18201 55................................................. .26171 .25239 .24351 .23504 .22697 .21927 .21192 .20491 .19821 .19182 56................................................. .27313 .26369 .25468 .24608 .23787 .23003 .22254 .21538 .20854 .20199 57................................................. .28487 .27531 .26618 .25746 .24912 .24114 .23351 .22621 .21923 .21254 58................................................. .29688 .28722 .27798 .26914 .26067 .25257 .24481 .23738 .23025 .22343 59................................................. .30913 .29937 .29002 .28107 .27249 .26427 .25639 .24882 .24157 .23461 60................................................. .32159 .31175 .30231 .29325 .28457 .27623 .26823 .26055 .25317 .24608 61................................................. .33429 .32437 .31485 .30571 .29692 .28848 .28037 .27257 .26507 .25786 62................................................. .34728 .33730 .32770 .31847 .30960 .30106 .29285 .28495 .27734 .27001 63................................................. .36057 .35053 .34087 .33157 .32262 .31400 .30569 .29769 .28998 .28255 64................................................. .37412 .36404 .35433 .34498 .33596 .32726 .31887 .31078 .30298 .29545 65................................................. .38794 .37783 .36809 .35868 .34961 .34085 .33239 .32422 .31633 .30871 66................................................. .40205 .39193 .38216 .37272 .36361 .35479 .34628 .33804 .33008 .32238 67................................................. .41650 .40639 .39661 .38715 .37800 .36915 .36059 .35230 .34428 .33651 68................................................. .43126 .42117 .41139 .40193 .39277 .38390 .37530 .36697 .35890 .35108 69................................................. .44628 .43622 .42648 .41703 .40787 .39898 .39037 .38201 .37391 .36604 70................................................. .46150 .45149 .44178 .43236 .42321 .41433 .40571 .39735 .38922 .38132 71................................................. .47683 .46689 .45723 .44785 .43873 .42987 .42126 .41290 .40476 .39685 72................................................. .49225 .48238 .47279 .46346 .45439 .44556 .43697 .42862 .42048 .41257 73................................................. .50770 .49793 .48841 .47915 .47013 .46135 .45280 .44447 .43635 .42844 74................................................. .52324 .51358 .50416 .49498 .48603 .47731 .46880 .46051 .45242 .44454 75................................................. .53894 .52939 .52008 .51100 .50214 .49349 .48505 .47681 .46877 .46092 76................................................. .55483 .54543 .53624 .52728 .51852 .50996 .50160 .49344 .48546 .47766 77................................................. .57091 .56167 .55263 .54380 .53516 .52671 .51845 .51038 .50247 .49475 78................................................. .58716 .57809 .56922 .56053 .55203 .54372 .53557 .52760 .51980 .51216 79................................................. .60346 .59459 .58590 .57738 .56904 .56086 .55286 .54501 .53732 .52978 80................................................. .61969 .61102 .60252 .59419 .58601 .57800 .57014 .56243 .55487 .54745 81................................................. .63571 .62726 .61897 .61082 .60283 .59499 .58729 .57974 .57232 .56503 82................................................. .65146 .64324 .63515 .62722 .61942 .61176 .60423 .59683 .58957 .58242 83................................................. .66693 .65893 .65108 .64335 .63575 .62828 .62093 .61371 .60660 .59962 84................................................. .68222 .67447 .66684 .65934 .65195 .64468 .63753 .63049 .62356 .61674 85................................................. .69742 .68993 .68255 .67528 .66812 .66106 .65411 .64727 .64053 .63389 86................................................. .71241 .70517 .69805 .69102 .68410 .67727 .67054 .66390 .65736 .65091 87................................................. .72696 .72000 .71313 .70635 .69967 .69307 .68656 .68014 .67381 .66756 88................................................. .74108 .73438 .72777 .72125 .71480 .70845 .70217 .69597 .68985 .68380 89................................................. .75475 .74832 .74198 .73571 .72951 .72339 .71734 .71137 .70547 .69963 90................................................. .76796 .76180 .75572 .74971 .74376 .73788 .73207 .72633 .72065 .71503 91................................................. .78049 .77460 .76878 .76302 .75732 .75168 .74610 .74058 .73512 .72972 92................................................. .79211 .78647 .78089 .77537 .76990 .76449 .75913 .75383 .74858 .74338 93................................................. .80283 .79743 .79208 .78679 .78154 .77634 .77119 .76610 .76105 .75604 94................................................. .81283 .80765 .80253 .79744 .79240 .78741 .78247 .77756 .77270 .76789 95................................................. .82233 .81737 .81245 .80757 .80274 .79795 .79320 .78849 .78382 .77918 96................................................. .83126 .82651 .82180 .81712 .81248 .80788 .80332 .79880 .79431 .78985 97................................................. .83953 .83498 .83046 .82597 .82152 .81710 .81271 .80836 .80404 .79976 98................................................. .84731 .84294 .83860 .83429 .83002 .82577 .82155 .81737 .81321 .80908 99................................................. .85490 .85071 .84656 .84243 .83832 .83425 .83020 .82618 .82219 .81822 100................................................. .86229 .85828 .85431 .85035 .84642 .84252 .83864 .83478 .83095 .82714 101................................................. .86958 .86575 .86195 .85818 .85442 .85069 .84698 .84329 .83962 .83597 102................................................. .87674 .87310 .86947 .86587 .86229 .85873 .85518 .85166 .84815 .84466 103................................................. .88384 .88038 .87694 .87351 .87010 .86671 .86334 .85998 .85663 .85331 104................................................. .89143 .88817 .88492 .88169 .87847 .87526 .87207 .86889 .86573 .86258 105................................................. .89885 .89578 .89272 .88967 .88664 .88361 .88060 .87760 .87461 .87163 106................................................. .90840 .90559 .90278 .89999 .89720 .89442 .89165 .88888 .88613 .88338 107................................................. .91999 .91750 .91501 .91253 .91005 .90758 .90511 .90265 .90019 .89774 108................................................. .93805 .93609 .93412 .93216 .93020 .92824 .92629 .92434 .92239 .92044 109................................................. .96900 .96800 .96700 .96600 .96500 .96400 .96300 .96200 .96100 .96000
Age
8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
0................................................. .01709 .01658 .01612 .01570 .01532 .01497 .01466 .01437 .01410 .01386 1................................................. .00892 .00839 .00791 .00747 .00708 .00672 .00639 .00609 .00582 .00557 2................................................. .00896 .00840 .00790 .00744 .00702 .00664 .00629 .00598 .00569 .00542
[[Page 23205]]
3................................................. .00926 .00867 .00814 .00765 .00721 .00681 .00644 .00611 .00580 .00552 4................................................. .00970 .00908 .00851 .00800 .00753 .00711 .00672 .00636 .00604 .00574 5................................................. .01026 .00960 .00900 .00846 .00796 .00751 .00710 .00672 .00637 .00606 6................................................. .01089 .01019 .00956 .00899 .00846 .00799 .00755 .00715 .00678 .00644 7................................................. .01161 .01088 .01021 .00960 .00905 .00854 .00808 .00765 .00726 .00690 8................................................. .01241 .01163 .01093 .01029 .00970 .00917 .00867 .00822 .00781 .00743 9................................................. .01331 .01249 .01175 .01107 .01045 .00988 .00936 .00889 .00845 .00804 10................................................. .01432 .01346 .01268 .01196 .01131 .01071 .01016 .00965 .00918 .00875 11................................................. .01543 .01453 .01370 .01295 .01226 .01162 .01104 .01051 .01001 .00956 12................................................. .01664 .01569 .01482 .01403 .01330 .01263 .01202 .01145 .01093 .01045 13................................................. .01791 .01691 .01600 .01516 .01440 .01369 .01304 .01245 .01190 .01139 14................................................. .01918 .01813 .01717 .01629 .01548 .01474 .01406 .01343 .01285 .01231 15................................................. .02041 .01931 .01831 .01738 .01653 .01576 .01504 .01437 .01376 .01320 16................................................. .02160 .02044 .01938 .01841 .01752 .01670 .01595 .01525 .01460 .01401 17................................................. .02274 .02152 .02041 .01940 .01846 .01760 .01680 .01607 .01539 .01476 18................................................. .02386 .02258 .02142 .02035 .01936 .01846 .01762 .01685 .01613 .01547 19................................................. .02500 .02367 .02245 .02132 .02029 .01933 .01845 .01764 .01689 .01619 20................................................. .02621 .02481 .02353 .02235 .02126 .02025 .01933 .01847 .01768 .01694 21................................................. .02749 .02603 .02468 .02344 .02229 .02124 .02026 .01936 .01852 .01774 22................................................. .02884 .02730 .02589 .02458 .02338 .02227 .02124 .02029 .01940 .01859 23................................................. .03028 .02867 .02718 .02581 .02454 .02337 .02229 .02128 .02035 .01949 24................................................. .03183 .03013 .02857 .02713 .02580 .02456 .02342 .02236 .02138 .02047 25................................................. .03350 .03172 .03008 .02857 .02717 .02587 .02467 .02355 .02251 .02155 26................................................. .03530 .03344 .03172 .03013 .02865 .02729 .02602 .02484 .02375 .02273 27................................................. .03727 .03532 .03351 .03183 .03028 .02885 .02751 .02627 .02511 .02404 28................................................. .03937 .03732 .03543 .03367 .03204 .03052 .02911 .02780 .02658 .02545 29................................................. .04162 .03947 .03748 .03564 .03392 .03233 .03084 .02946 .02818 .02698 30................................................. .04401 .04176 .03967 .03773 .03593 .03425 .03269 .03124 .02988 .02861 31................................................. .04654 .04419 .04200 .03996 .03807 .03630 .03466 .03312 .03169 .03035 32................................................. .04923 .04676 .04447 .04233 .04034 .03849 .03676 .03514 .03363 .03221 33................................................. .05210 .04952 .04711 .04487 .04278 .04083 .03901 .03731 .03571 .03422 34................................................. .05515 .05245 .04993 .04758 .04538 .04333 .04142 .03962 .03794 .03637 35................................................. .05841 .05558 .05295 .05048 .04818 .04603 .04401 .04212 .04035 .03869 36................................................. .06187 .05892 .05616 .05358 .05116 .04890 .04678 .04480 .04293 .04118 37................................................. .06555 .06247 .05958 .05688 .05435 .05198 .04975 .04766 .04570 .04385 38................................................. .06949 .06627 .06325 .06043 .05777 .05528 .05295 .05075 .04868 .04674 39................................................. .07368 .07032 .06717 .06421 .06143 .05882 .05637 .05406 .05189 .04984 40................................................. .07816 .07465 .07137 .06827 .06537 .06263 .06006 .05764 .05535 .05320 41................................................. .08295 .07930 .07587 .07264 .06960 .06674 .06405 .06150 .05910 .05683 42................................................. .08807 .08427 .08069 .07733 .07415 .07116 .06833 .06567 .06315 .06077 43................................................. .09352 .08957 .08585 .08233 .07902 .07589 .07294 .07014 .06750 .06500 44................................................. .09932 .09521 .09134 .08768 .08423 .08096 .07787 .07495 .07218 .06956 45................................................. .10543 .10117 .09715 .09334 .08974 .08634 .08311 .08005 .07716 .07441 46................................................. .11189 .10747 .10329 .09933 .09559 .09204 .08867 .08548 .08245 .07958 47................................................. .11866 .11408 .10974 .10564 .10174 .09805 .09454 .09121 .08805 .08504 48................................................. .12577 .12103 .11654 .11228 .10823 .10439 .10074 .09727 .09397 .09083 49................................................. .13323 .12833 .12368 .11926 .11506 .11107 .10728 .10366 .10022 .09695 50................................................. .14107 .13601 .13120 .12663 .12228 .11813 .11419 .11043 .10685 .10344 51................................................. .14928 .14407 .13910 .13437 .12987 .12558 .12149 .11758 .11386 .11031 52................................................. .15785 .15248 .14735 .14247 .13781 .13337 .12913 .12508 .12122 .11752 53................................................. .16678 .16124 .15597 .15093 .14612 .14153 .13714 .13294 .12893 .12509 54................................................. .17606 .17037 .16493 .15974 .15478 .15004 .14550 .14116 .13700 .13302 55................................................. .18570 .17986 .17428 .16893 .16382 .15893 .15424 .14976 .14546 .14134 56................................................. .19573 .18974 .18400 .17851 .17325 .16821 .16338 .15875 .15430 .15004 57................................................. .20613 .20000 .19412 .18848 .18307 .17789 .17291 .16814 .16355 .15914 58................................................. .21688 .21060 .20458 .19880 .19325 .18792 .18280 .17788 .17316 .16861 59................................................. .22793 .22151 .21535 .20943 .20374 .19827 .19301 .18795 .18309 .17840 60................................................. .23927 .23272 .22642 .22036 .21454 .20893 .20354 .19834 .19334 .18851 61................................................. .25092 .24425 .23782 .23163 .22567 .21993 .21440 .20907 .20393 .19898 62................................................. .26295 .25616 .24961 .24329 .23721 .23134 .22568 .22021 .21494 .20985 63................................................. .27538 .26847 .26180 .25537 .24916 .24316 .23738 .23179 .22639 .22117 64................................................. .28817 .28116 .27438 .26783 .26150 .25539 .24949 .24377 .23825 .23291 65................................................. .30134 .29423 .28735 .28069 .27426 .26803 .26201 .25618 .25054 .24508 66................................................. .31493 .30772 .30075 .29399 .28746 .28113 .27500 .26906 .26331 .25774 67................................................. .32899 .32170 .31464 .30780 .30118 .29475 .28852 .28248 .27663 .27095 68................................................. .34349 .33614 .32901 .32209 .31538 .30887 .30256 .29643 .29047 .28469 69................................................. .35841 .35100 .34381 .33683 .33005 .32346 .31707 .31085 .30481 .29894 70................................................. .37366 .36620 .35896 .35193 .34509 .33844 .33197 .32568 .31957 .31362 71................................................. .38916 .38167 .37440 .36732 .36043 .35372 .34720 .34084 .33466 .32864 72................................................. .40486 .39736 .39006 .38295 .37602 .36927 .36270 .35629 .35005 .34396 73................................................. .42074 .41323 .40591 .39878 .39182 .38504 .37843 .37198 .36568 .35955 74................................................. .43685 .42934 .42202 .41488 .40791 .40110 .39446 .38798 .38165 .37547 75................................................. .45326 .44577 .43846 .43132 .42435 .41754 .41088 .40438 .39802 .39181 76................................................. .47004 .46259 .45530 .44818 .44122 .43442 .42776 .42125 .41488 .40865
[[Page 23206]]
77................................................. .48718 .47979 .47255 .46547 .45853 .45175 .44511 .43861 .43225 .42601 78................................................. .50467 .49735 .49017 .48314 .47626 .46951 .46290 .45643 .45008 .44386 79................................................. .52239 .51515 .50806 .50110 .49427 .48758 .48102 .47459 .46828 .46209 80................................................. .54018 .53304 .52603 .51916 .51242 .50580 .49930 .49292 .48666 .48052 81................................................. .55788 .55085 .54396 .53718 .53053 .52399 .51757 .51126 .50507 .49898 82................................................. .57540 .56851 .56173 .55506 .54851 .54207 .53574 .52951 .52339 .51737 83................................................. .59274 .58598 .57933 .57279 .56635 .56001 .55378 .54765 .54161 .53567 84................................................. .61002 .60341 .59690 .59049 .58418 .57796 .57184 .56582 .55988 .55403 85................................................. .62734 .62090 .61454 .60828 .60211 .59603 .59004 .58414 .57832 .57258 86................................................. .64455 .63828 .63210 .62600 .61999 .61406 .60821 .60244 .59675 .59113 87................................................. .66139 .65531 .64930 .64337 .63752 .63175 .62605 .62043 .61488 .60939 88................................................. .67783 .67194 .66612 .66037 .65469 .64908 .64354 .63807 .63267 .62733 89................................................. .69387 .68817 .68254 .67698 .67148 .66605 .66068 .65537 .65012 .64493 90................................................. .70947 .70398 .69855 .69318 .68786 .68261 .67742 .67228 .66719 .66217 91................................................. .72437 .71908 .71385 .70867 .70354 .69847 .69345 .68848 .68357 .67870 92................................................. .73823 .73314 .72810 .72310 .71816 .71326 .70841 .70361 .69886 .69415 93................................................. .75109 .74618 .74132 .73650 .73173 .72700 .72232 .71768 .71308 .70852 94................................................. .76312 .75839 .75370 .74905 .74445 .73988 .73536 .73087 .72643 .72202 95................................................. .77459 .77004 .76552 .76104 .75660 .75220 .74783 .74350 .73920 .73494 96................................................. .78543 .78105 .77670 .77238 .76810 .76386 .75964 .75546 .75131 .74720 97................................................. .79550 .79128 .78709 .78293 .77880 .77470 .77063 .76659 .76258 .75860 98................................................. .80498 .80091 .79687 .79286 .78888 .78492 .78099 .77709 .77322 .76937 99................................................. .81428 .81036 .80647 .80261 .79877 .79496 .79117 .78741 .78367 .77995 100................................................. .82336 .81959 .81586 .81214 .80845 .80478 .80113 .79751 .79390 .79032 101................................................. .83234 .82873 .82515 .82158 .81804 .81451 .81101 .80753 .80406 .80062 102................................................. .84119 .83774 .83431 .83089 .82750 .82412 .82076 .81742 .81409 .81078 103................................................. .84999 .84670 .84342 .84016 .83691 .83368 .83046 .82726 .82408 .82091 104................................................. .85944 .85632 .85321 .85011 .84703 .84396 .84090 .83786 .83483 .83182 105................................................. .86866 .86570 .86276 .85982 .85690 .85399 .85109 .84820 .84532 .84245 106................................................. .88065 .87792 .87520 .87248 .86978 .86708 .86440 .86172 .85905 .85638 107................................................. .89530 .89286 .89042 .88799 .88557 .88315 .88073 .87833 .87592 .87352 108................................................. .91849 .91654 .91460 .91266 .91072 .90879 .90685 .90492 .90299 .90106 109................................................. .95900 .95800 .95700 .95600 .95500 .95400 .95300 .95200 .95100 .95000
Age
10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
0................................................. .01363 .01342 .01323 .01305 .01288 .01272 .01258 .01244 .01231 .01219 1................................................. .00534 .00512 .00493 .00474 .00458 .00442 .00427 .00414 .00401 .00389 2................................................. .00518 .00495 .00474 .00455 .00437 .00421 .00405 .00391 .00377 .00365 3................................................. .00526 .00502 .00480 .00459 .00440 .00422 .00406 .00391 .00376 .00363 4................................................. .00546 .00521 .00497 .00475 .00455 .00436 .00419 .00402 .00387 .00373 5................................................. .00576 .00549 .00524 .00501 .00479 .00459 .00440 .00423 .00406 .00391 6................................................. .00613 .00584 .00557 .00532 .00509 .00488 .00468 .00449 .00432 .00415 7................................................. .00657 .00626 .00598 .00571 .00547 .00524 .00502 .00482 .00464 .00446 8................................................. .00707 .00675 .00644 .00616 .00590 .00565 .00542 .00521 .00501 .00482 9................................................. .00766 .00732 .00699 .00669 .00641 .00615 .00591 .00568 .00547 .00527 10................................................. .00835 .00798 .00764 .00732 .00702 .00675 .00649 .00624 .00602 .00580 11................................................. .00913 .00874 .00838 .00804 .00772 .00743 .00715 .00689 .00665 .00642 12................................................. .01000 .00959 .00920 .00884 .00851 .00819 .00790 .00762 .00737 .00712 13................................................. .01091 .01048 .01007 .00969 .00933 .00900 .00869 .00840 .00813 .00787 14................................................. .01181 .01135 .01092 .01052 .01014 .00979 .00947 .00916 .00887 .00860 15................................................. .01267 .01218 .01173 .01130 .01091 .01054 .01019 .00987 .00956 .00928 16................................................. .01345 .01294 .01246 .01201 .01160 .01121 .01084 .01050 .01018 .00988 17................................................. .01418 .01364 .01313 .01266 .01222 .01181 .01143 .01107 .01073 .01041 18................................................. .01486 .01429 .01375 .01326 .01279 .01236 .01196 .01158 .01122 .01088 19................................................. .01554 .01494 .01438 .01385 .01336 .01291 .01248 .01208 .01170 .01135 20................................................. .01626 .01562 .01503 .01448 .01396 .01348 .01303 .01260 .01220 .01183 21................................................. .01702 .01635 .01573 .01514 .01460 .01409 .01361 .01316 .01274 .01235 22................................................. .01782 .01711 .01645 .01584 .01526 .01472 .01422 .01374 .01330 .01288 23................................................. .01868 .01793 .01724 .01658 .01597 .01540 .01487 .01437 .01390 .01345 24................................................. .01962 .01883 .01809 .01740 .01675 .01615 .01558 .01505 .01455 .01408 25................................................. .02065 .01981 .01903 .01830 .01762 .01698 .01638 .01581 .01528 .01478 26................................................. .02178 .02089 .02006 .01929 .01856 .01789 .01725 .01665 .01609 .01556 27................................................. .02303 .02209 .02122 .02040 .01963 .01891 .01824 .01760 .01700 .01644 28................................................. .02439 .02339 .02247 .02160 .02079 .02002 .01931 .01863 .01800 .01740 29................................................. .02585 .02480 .02382 .02290 .02204 .02123 .02047 .01976 .01908 .01845 30................................................. .02742 .02631 .02527 .02430 .02339 .02253 .02172 .02096 .02025 .01957 31................................................. .02910 .02793 .02683 .02579 .02482 .02391 .02306 .02225 .02149 .02077 32................................................. .03089 .02965 .02849 .02739 .02636 .02540 .02449 .02363 .02282 .02206 33................................................. .03282 .03151 .03028 .02912 .02803 .02701 .02604 .02513 .02427 .02346 34................................................. .03489 .03350 .03220 .03097 .02982 .02873 .02771 .02674 .02583 .02497 35................................................. .03713 .03567 .03429 .03299 .03177 .03061 .02953 .02850 .02753 .02661 36................................................. .03953 .03798 .03653 .03515 .03386 .03263 .03148 .03039 .02936 .02838 37................................................. .04211 .04048 .03894 .03748 .03611 .03481 .03359 .03243 .03134 .03030
[[Page 23207]]
38................................................. .04490 .04318 .04155 .04001 .03856 .03719 .03589 .03466 .03350 .03239 39................................................. .04791 .04609 .04437 .04274 .04120 .03975 .03837 .03707 .03583 .03466 40................................................. .05116 .04924 .04742 .04571 .04408 .04254 .04108 .03970 .03839 .03714 41................................................. .05469 .05267 .05075 .04894 .04722 .04559 .04405 .04258 .04119 .03987 42................................................. .05851 .05638 .05436 .05245 .05063 .04891 .04728 .04573 .04425 .04285 43................................................. .06263 .06039 .05827 .05625 .05433 .05252 .05079 .04915 .04759 .04610 44................................................. .06707 .06472 .06248 .06035 .05834 .05642 .05459 .05286 .05121 .04963 45................................................. .07180 .06933 .06698 .06474 .06262 .06059 .05867 .05684 .05509 .05342 46................................................. .07685 .07425 .07178 .06943 .06720 .06507 .06304 .06110 .05926 .05750 47................................................. .08218 .07946 .07687 .07440 .07205 .06981 .06768 .06564 .06369 .06183 48................................................. .08784 .08499 .08228 .07969 .07722 .07487 .07262 .07047 .06842 .06646 49................................................. .09382 .09085 .08801 .08530 .08271 .08024 .07788 .07562 .07346 .07140 50................................................. .10018 .09707 .09410 .09127 .08856 .08597 .08349 .08112 .07885 .07667 51................................................. .10691 .10367 .10057 .09761 .09477 .09206 .08946 .08697 .08459 .08231 52................................................. .11399 .11061 .10738 .10429 .10132 .09849 .09577 .09316 .09066 .08826 53................................................. .12142 .11791 .11454 .11132 .10823 .10526 .10242 .09969 .09707 .09456 54................................................. .12921 .12556 .12206 .11870 .11548 .11239 .10942 .10657 .10383 .10120 55................................................. .13738 .13359 .12995 .12646 .12311 .11989 .11679 .11382 .11096 .10820 56................................................. .14595 .14202 .13824 .13462 .13113 .12778 .12456 .12146 .11847 .11560 57................................................. .15491 .15084 .14693 .14317 .13955 .13607 .13272 .12949 .12638 .12338 58................................................. .16424 .16004 .15599 .15209 .14834 .14473 .14125 .13789 .13465 .13153 59................................................. .17390 .16955 .16537 .16134 .15746 .15371 .15010 .14662 .14325 .14001 60................................................. .18387 .17939 .17507 .17091 .16689 .16302 .15927 .15566 .15217 .14880 61................................................. .19420 .18958 .18513 .18084 .17669 .17268 .16881 .16506 .16145 .15795 62................................................. .20494 .20020 .19561 .19119 .18691 .18277 .17877 .17490 .17115 .16753 63................................................. .21613 .21126 .20654 .20199 .19758 .19331 .18918 .18518 .18131 .17757 64................................................. .22774 .22274 .21791 .21322 .20869 .20429 .20004 .19592 .19192 .18805 65................................................. .23979 .23467 .22971 .22490 .22025 .21573 .21135 .20710 .20299 .19899 66................................................. .25233 .24709 .24202 .23709 .23231 .22767 .22318 .21881 .21457 .21045 67................................................. .26543 .26009 .25489 .24985 .24496 .24021 .23560 .23111 .22676 .22252 68................................................. .27908 .27363 .26833 .26319 .25819 .25332 .24860 .24400 .23954 .23519 69................................................. .29324 .28769 .28230 .27705 .27195 .26699 .26216 .25746 .25288 .24843 70................................................. .30783 .30219 .29671 .29137 .28618 .28112 .27619 .27139 .26672 .26216 71................................................. .32277 .31706 .31150 .30608 .30079 .29564 .29063 .28573 .28096 .27631 72................................................. .33803 .33225 .32661 .32112 .31575 .31052 .30542 .30044 .29559 .29084 73................................................. .35356 .34772 .34201 .33645 .33101 .32571 .32053 .31547 .31053 .30571 74................................................. .36943 .36354 .35778 .35215 .34666 .34129 .33604 .33091 .32590 .32100 75................................................. .38574 .37980 .37400 .36833 .36278 .35735 .35205 .34686 .34178 .33681 76................................................. .40256 .39660 .39076 .38505 .37947 .37400 .36864 .36340 .35827 .35324 77................................................. .41991 .41394 .40808 .40235 .39674 .39124 .38585 .38056 .37539 .37032 78................................................. .43777 .43180 .42594 .42020 .41457 .40906 .40365 .39834 .39314 .38803 79................................................. .45602 .45007 .44422 .43849 .43287 .42735 .42193 .41661 .41139 .40627 80................................................. .47449 .46856 .46275 .45704 .45143 .44592 .44051 .43519 .42997 .42484 81................................................. .49300 .48712 .48134 .47566 .47008 .46460 .45921 .45391 .44870 .44357 82................................................. .51145 .50563 .49990 .49427 .48873 .48328 .47792 .47265 .46746 .46235 83................................................. .52983 .52407 .51841 .51284 .50735 .50195 .49663 .49139 .48624 .48116 84................................................. .54828 .54261 .53702 .53151 .52609 .52075 .51549 .51030 .50519 .50015 85................................................. .56693 .56135 .55586 .55044 .54510 .53983 .53464 .52952 .52447 .51949 86................................................. .58560 .58013 .57474 .56943 .56418 .55901 .55390 .54886 .54389 .53898 87................................................. .60398 .59864 .59337 .58817 .58303 .57795 .57294 .56799 .56310 .55828 88................................................. .62206 .61685 .61170 .60662 .60159 .59663 .59173 .58688 .58209 .57736 89................................................. .63980 .63474 .62972 .62477 .61987 .61503 .61024 .60551 .60083 .59620 90................................................. .65719 .65227 .64741 .64259 .63783 .63312 .62846 .62385 .61928 .61477 91................................................. .67388 .66912 .66440 .65973 .65511 .65053 .64600 .64152 .63708 .63269 92................................................. .68949 .68487 .68030 .67577 .67129 .66685 .66245 .65809 .65378 .64950 93................................................. .70401 .69954 .69511 .69072 .68637 .68205 .67778 .67355 .66935 .66519 94................................................. .71765 .71332 .70902 .70477 .70055 .69636 .69222 .68810 .68403 .67998 95................................................. .73072 .72653 .72237 .71825 .71416 .71010 .70608 .70209 .69813 .69421 96................................................. .74311 .73906 .73504 .73105 .72709 .72316 .71926 .71539 .71155 .70774 97................................................. .75465 .75073 .74684 .74297 .73914 .73533 .73155 .72780 .72407 .72037 98................................................. .76555 .76175 .75798 .75424 .75052 .74683 .74317 .73953 .73591 .73232 99................................................. .77626 .77260 .76895 .76534 .76174 .75817 .75462 .75109 .74759 .74411 100................................................. .78676 .78323 .77971 .77622 .77274 .76929 .76586 .76245 .75906 .75569 101................................................. .79719 .79379 .79040 .78703 .78368 .78035 .77704 .77375 .77048 .76722 102................................................. .80749 .80422 .80096 .79772 .79450 .79130 .78811 .78494 .78178 .77864 103................................................. .81775 .81461 .81149 .80838 .80529 .80221 .79914 .79609 .79306 .79003 104................................................. .82881 .82582 .82284 .81988 .81693 .81399 .81106 .80815 .80525 .80236 105................................................. .83959 .83674 .83391 .83108 .82826 .82546 .82267 .81988 .81711 .81435 106................................................. .85373 .85108 .84844 .84581 .84319 .84058 .83797 .83537 .83278 .83020 107................................................. .87113 .86875 .86636 .86399 .86161 .85925 .85689 .85453 .85218 .84984 108................................................. .89913 .89721 .89529 .89337 .89145 .88953 .88762 .88571 .88380 .88189 109................................................. .94900 .94800 .94700 .94600 .94500 .94400 .94300 .94200 .94100 .94000
[[Page 23208]]
Age
12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
0................................................. .01208 .01197 .01187 .01177 .01168 .01159 .01151 .01143 .01135 .01128 1................................................. .00378 .00367 .00358 .00348 .00340 .00331 .00323 .00316 .00309 .00302 2................................................. .00353 .00342 .00331 .00322 .00312 .00304 .00295 .00288 .00280 .00273 3................................................. .00350 .00339 .00327 .00317 .00307 .00298 .00289 .00281 .00273 .00265 4................................................. .00359 .00347 .00335 .00324 .00313 .00303 .00294 .00285 .00276 .00268 5................................................. .00377 .00363 .00351 .00339 .00327 .00317 .00306 .00297 .00288 .00279 6................................................. .00400 .00386 .00372 .00359 .00347 .00335 .00325 .00314 .00305 .00295 7................................................. .00430 .00414 .00400 .00386 .00373 .00360 .00349 .00338 .00327 .00317 8................................................. .00465 .00448 .00432 .00417 .00403 .00390 .00378 .00366 .00354 .00344 9................................................. .00508 .00490 .00473 .00457 .00442 .00428 .00414 .00402 .00389 .00378 10................................................. .00560 .00541 .00523 .00506 .00490 .00475 .00460 .00446 .00433 .00421 11................................................. .00620 .00600 .00581 .00563 .00546 .00529 .00514 .00499 .00485 .00472 12................................................. .00689 .00668 .00647 .00628 .00610 .00593 .00576 .00560 .00545 .00531 13................................................. .00763 .00740 .00718 .00698 .00678 .00660 .00642 .00626 .00610 .00595 14................................................. .00834 .00810 .00787 .00766 .00745 .00726 .00707 .00689 .00673 .00657 15................................................. .00901 .00875 .00851 .00828 .00807 .00786 .00767 .00748 .00730 .00714 16................................................. .00959 .00932 .00907 .00883 .00860 .00839 .00818 .00799 .00780 .00762 17................................................. .01011 .00983 .00956 .00930 .00907 .00884 .00862 .00842 .00822 .00804 18................................................. .01057 .01027 .00999 .00972 .00947 .00923 .00900 .00879 .00858 .00839 19................................................. .01101 .01070 .01040 .01012 .00985 .00960 .00936 .00914 .00892 .00871 20................................................. .01148 .01115 .01083 .01054 .01026 .00999 .00974 .00950 .00927 .00905 21................................................. .01197 .01162 .01129 .01098 .01068 .01040 .01014 .00988 .00964 .00941 22................................................. .01249 .01211 .01176 .01143 .01112 .01082 .01054 .01027 .01002 .00978 23................................................. .01304 .01264 .01227 .01192 .01159 .01127 .01098 .01069 .01042 .01017 24................................................. .01364 .01322 .01283 .01246 .01210 .01177 .01145 .01115 .01087 .01060 25................................................. .01431 .01387 .01345 .01306 .01268 .01233 .01199 .01168 .01137 .01109 26................................................. .01506 .01459 .01415 .01373 .01333 .01295 .01260 .01226 .01194 .01163 27................................................. .01591 .01541 .01494 .01449 .01407 .01367 .01329 .01293 .01259 .01226 28................................................. .01684 .01631 .01580 .01533 .01488 .01445 .01405 .01367 .01330 .01296 29................................................. .01785 .01728 .01675 .01624 .01577 .01531 .01488 .01447 .01408 .01372 30................................................. .01893 .01833 .01776 .01723 .01672 .01623 .01578 .01534 .01493 .01453 31................................................. .02010 .01946 .01885 .01828 .01773 .01722 .01673 .01627 .01582 .01540 32................................................. .02134 .02066 .02002 .01940 .01883 .01828 .01776 .01726 .01679 .01634 33................................................. .02270 .02197 .02128 .02063 .02002 .01943 .01887 .01835 .01784 .01736 34................................................. .02415 .02338 .02265 .02195 .02130 .02067 .02008 .01951 .01897 .01846 35................................................. .02574 .02492 .02414 .02340 .02270 .02203 .02140 .02080 .02022 .01967 36................................................. .02746 .02658 .02575 .02496 .02422 .02350 .02283 .02218 .02157 .02098 37................................................. .02932 .02838 .02750 .02666 .02586 .02510 .02438 .02369 .02303 .02241 38................................................. .03135 .03035 .02941 .02851 .02766 .02685 .02608 .02534 .02464 .02397 39................................................. .03355 .03249 .03149 .03053 .02962 .02876 .02793 .02715 .02640 .02568 40................................................. .03596 .03484 .03377 .03275 .03178 .03086 .02998 .02914 .02833 .02757 41................................................. .03861 .03742 .03628 .03520 .03416 .03318 .03224 .03134 .03048 .02966 42................................................. .04152 .04025 .03903 .03788 .03678 .03573 .03473 .03377 .03285 .03198 43................................................. .04468 .04333 .04205 .04082 .03965 .03853 .03746 .03644 .03546 .03453 44................................................. .04813 .04670 .04533 .04403 .04278 .04159 .04045 .03936 .03832 .03732 45................................................. .05183 .05032 .04887 .04748 .04616 .04489 .04368 .04252 .04141 .04034 46................................................. .05582 .05421 .05267 .05121 .04980 .04846 .04717 .04593 .04475 .04362 47................................................. .06006 .05836 .05673 .05518 .05369 .05226 .05089 .04958 .04832 .04711 48................................................. .06459 .06279 .06107 .05943 .05785 .05634 .05488 .05349 .05216 .05087 49................................................. .06942 .06752 .06571 .06397 .06230 .06070 .05916 .05768 .05626 .05490 50................................................. .07459 .07259 .07068 .06884 .06708 .06538 .06376 .06219 .06069 .05924 51................................................. .08012 .07801 .07599 .07406 .07220 .07041 .06869 .06703 .06544 .06391 52................................................. .08596 .08375 .08163 .07959 .07763 .07574 .07392 .07218 .07049 .06887 53................................................. .09214 .08982 .08759 .08544 .08338 .08139 .07948 .07763 .07586 .07415 54................................................. .09867 .09623 .09389 .09164 .08946 .08737 .08536 .08342 .08154 .07974 55................................................. .10556 .10301 .10055 .09819 .09591 .09371 .09159 .08955 .08757 .08567 56................................................. .11283 .11016 .10759 .10511 .10272 .10042 .09819 .09605 .09397 .09197 57................................................. .12050 .11771 .11502 .11243 .10993 .10751 .10518 .10293 .10075 .09864 58................................................. .12852 .12562 .12281 .12011 .11749 .11496 .11252 .11016 .10787 .10567 59................................................. .13687 .13385 .13092 .12810 .12537 .12273 .12017 .11770 .11531 .11299 60................................................. .14554 .14240 .13935 .13641 .13356 .13080 .12813 .12555 .12305 .12063 61................................................. .15457 .15130 .14813 .14507 .14210 .13923 .13644 .13375 .13113 .12860 62................................................. .16402 .16063 .15734 .15415 .15107 .14808 .14518 .14237 .13964 .13699 63................................................. .17393 .17042 .16700 .16370 .16049 .15738 .15437 .15144 .14860 .14584 64................................................. .18429 .18065 .17712 .17369 .17036 .16714 .16400 .16096 .15800 .15513 65................................................. .19511 .19135 .18769 .18415 .18070 .17735 .17410 .17094 .16787 .16488 66................................................. .20645 .20257 .19880 .19513 .19157 .18810 .18473 .18146 .17827 .17517 67................................................. .21841 .21441 .21052 .20673 .20305 .19947 .19599 .19259 .18929 .18608 68................................................. .23096 .22685 .22284 .21895 .21515 .21146 .20786 .20436 .20094 .19762 69................................................. .24409 .23987 .23575 .23175 .22784 .22404 .22033 .21672 .21320 .20976 70................................................. .25772 .25339 .24918 .24507 .24106 .23715 .23333 .22961 .22598 .22244 71................................................. .27178 .26735 .26304 .25882 .25471 .25070 .24679 .24296 .23923 .23559 72................................................. .28622 .28170 .27729 .27298 .26877 .26467 .26065 .25673 .25290 .24915 73................................................. .30100 .29639 .29189 .28749 .28320 .27899 .27489 .27087 .26694 .26310
[[Page 23209]]
74................................................. .31621 .31152 .30694 .30246 .29807 .29378 .28959 .28548 .28146 .27753 75................................................. .33195 .32719 .32253 .31797 .31351 .30914 .30486 .30067 .29657 .29255 76................................................. .34832 .34350 .33877 .33415 .32961 .32517 .32082 .31656 .31238 .30828 77................................................. .36535 .36047 .35570 .35101 .34642 .34192 .33750 .33317 .32892 .32475 78................................................. .38302 .37811 .37329 .36856 .36392 .35937 .35490 .35051 .34621 .34198 79................................................. .40124 .39630 .39145 .38669 .38201 .37742 .37291 .36848 .36413 .35985 80................................................. .41980 .41485 .40998 .40520 .40050 .39588 .39134 .38688 .38249 .37818 81................................................. .43854 .43358 .42871 .42392 .41921 .41457 .41001 .40553 .40112 .39678 82................................................. .45733 .45238 .44752 .44273 .43802 .43338 .42881 .42431 .41989 .41553 83................................................. .47616 .47123 .46638 .46161 .45690 .45227 .44770 .44320 .43877 .43441 84................................................. .49519 .49030 .48548 .48073 .47604 .47143 .46688 .46239 .45797 .45361 85................................................. .51458 .50974 .50496 .50025 .49560 .49102 .48650 .48204 .47763 .47329 86................................................. .53413 .52935 .52463 .51998 .51538 .51084 .50636 .50194 .49758 .49327 87................................................. .55351 .54881 .54416 .53957 .53503 .53055 .52613 .52176 .51744 .51317 88................................................. .57268 .56806 .56349 .55898 .55451 .55010 .54574 .54144 .53718 .53296 89................................................. .59162 .58710 .58262 .57819 .57382 .56949 .56520 .56097 .55678 .55263 90................................................. .61030 .60588 .60151 .59718 .59290 .58866 .58447 .58032 .57621 .57214 91................................................. .62834 .62403 .61977 .61554 .61136 .60722 .60312 .59907 .59505 .59107 92................................................. .64527 .64107 .63692 .63280 .62872 .62468 .62068 .61672 .61279 .60890 93................................................. .66107 .65699 .65294 .64893 .64495 .64101 .63711 .63323 .62940 .62559 94................................................. .67597 .67200 .66806 .66415 .66027 .65643 .65262 .64884 .64509 .64138 95................................................. .69031 .68645 .68262 .67881 .67504 .67130 .66759 .66390 .66025 .65662 96................................................. .70396 .70021 .69648 .69279 .68912 .68548 .68186 .67828 .67471 .67118 97................................................. .71670 .71305 .70943 .70584 .70227 .69872 .69520 .69171 .68824 .68480 98................................................. .72875 .72521 .72169 .71819 .71472 .71127 .70784 .70444 .70106 .69770 99................................................. .74065 .73721 .73379 .73040 .72703 .72368 .72035 .71704 .71375 .71048 100................................................. .75234 .74901 .74570 .74241 .73914 .73589 .73265 .72944 .72625 .72307 101................................................. .76399 .76077 .75757 .75438 .75122 .74807 .74494 .74183 .73873 .73565 102................................................. .77552 .77241 .76932 .76625 .76319 .76015 .75712 .75411 .75111 .74813 103................................................. .78703 .78404 .78106 .77809 .77514 .77221 .76929 .76638 .76348 .76060 104................................................. .79948 .79662 .79377 .79093 .78810 .78528 .78248 .77969 .77691 .77414 105................................................. .81159 .80885 .80612 .80340 .80069 .79799 .79530 .79262 .78995 .78729 106................................................. .82763 .82506 .82250 .81995 .81741 .81488 .81235 .80983 .80732 .80482 107................................................. .84749 .84516 .84283 .84051 .83819 .83587 .83356 .83126 .82896 .82666 108................................................. .87999 .87808 .87618 .87428 .87238 .87049 .86859 .86670 .86481 .86293 109................................................. .93900 .93800 .93700 .93600 .93500 .93400 .93300 .93200 .93100 .93000
(f) Effective dates. This section applies after April 30, 1999.
Par. 10. The undesignated center heading immediately preceding Sec. 1.664-4A is revised to read as follows:
Unitrust Actuarial Tables Applicable Before May 1, 1999
Par. 11. Section 1.664-4A is amended as follows:
1. The section heading is revised.
2. In paragraph (d)(4), the first sentence is revised.
3. In paragraph (d)(6), the introductory text is revised and Table D is removed.
4. The heading of newly designated paragraph (e) is revised.
5. In newly designated paragraph (e)(1), the first sentence is revised.
6. Newly designated paragraphs (e)(3) through (e)(5) are revised.
7. In newly designated paragraph (e)(6), the heading and the first sentence of the introductory text are revised and the last sentence of introductory text is removed and two new sentences are added in its place.
8. The heading of Table U(1) is revised.
The addition and revisions read as follows:
Sec. 1.664-4A Valuation of charitable remainder interests for which the valuation date is before May 1, 1999.
* * * * *
(d) * * *
(4) Period is a term of years. If the period described in Sec. 1.664-3(a)(5) is a term of years, the factor which is used in determining the present value of the remainder interest is the factor under the appropriate adjusted payout rate in Table D in Sec. 1.664- 4(e)(6) that corresponds to the number of years in the term. * * * * * * * *
(6) Actuarial tables for transfers for which the valuation date is after November 30, 1983, and before May 1, 1989. Table D in Sec. 1.664- 4(e)(6) and the following tables shall be used in the application of the provisions of this section: * * * * *
(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999--(1) In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(6) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under Sec. 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. * * * * * * * *
(3) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the adjusted payout rate is determined by using the appropriate Table F, contained in Sec. 1.664-4(e)(6), for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see Sec. 1.664-4(e)(6). If the interest rate is below 4.2 percent or greater than 14 percent, see Sec. 1.664-4(b). See Sec. 1.664-4(e) for rules applicable in determining the adjusted payout rate.
(4) Period is a term of years. If the period described in Sec. 1.664-3(a)(5) is a term of years, the factor that is used in
[[Page 23210]]
determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, is the factor under the appropriate adjusted payout rate in Table D in Sec. 1.664-4(e)(6) corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. Generally, for purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor, and, in the case of a testamentary transfer under sections 2055, 2106, or 2624, the valuation date is the date of death. See Sec. 1.664- 4T(e)(4) for additional rules regarding the valuation date. See Sec. 1.664-4T(e)(4) for an example that illustrates the application of this paragraph (e)(4).
(5) Period is the life of one individual. If the period described in Sec. 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, is the factor in Table U(1) in paragraph (e)(6) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The rules provided in Sec. 1.664-4T(e)(5) apply for determining the present value of the remainder interest. See Sec. 1.664-4T(e)(5) for an example illustrating the application of this paragraph (e)(5)(using current actuarial tables).
(6) Actuarial tables for transfers for which the valuation date is after April 30, 1989, and before May 1, 1999. For transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, the present value of a charitable remainder unitrust interest that is dependent on a term of years or the termination of a life interest is determined by using the section 7520 rate and Table D, Tables F(4.2) through F(14.0) in Sec. 1.664-4(e)(6) and Table U(1) of this paragraph (e)(6), as applicable. * * * Publication 1458 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained by a written request to: CC:DOM:CORP:R (IRS Publication 1458), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044.
Table U(1).--Unitrust Single Life Remainder Factors--Based on Life Table 80CNSMT [Applicable for Transfers After April 30, 1989, and Before May 1, 1999]
* * * * *
Par. 12. Section 1.7520-1 is amended by:
1. Revising the last two sentences of paragraph (b)(2).
2. Revising the headings for paragraphs (c)(1) and (c)(2).
3. Revising the introductory text of paragraph (c)(2).
4. Removing the first two sentences of paragraph (c)(2)(iii) and adding one sentence in their place.
5. Revising paragraph (d).
The revisions and addition read as follows:
Sec. 1.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests.
* * * * *
(b) * * *
(2) * * * For transactions with valuation dates after April 30, 1989, and before May 1, 1999, the mortality component table (80CNSMT) is contained in Sec. 20.2031-7A(e)(4) of this chapter. See Sec. 20.2031-7A(a) through (d) of this chapter for mortality component tables applicable to transactions for which the valuation date falls before May 1, 1989.
(c) * * *
(1) Regulations sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1989, and before May 1, 1999. * * *
(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1989, and before May 1, 1999. The following publications are no longer available for purchase from the Superintendent of Documents, however, they may be obtained from CC:DOM:CORP:R, room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044: * * * * *
(iii) Internal Revenue Service Publication 1459, ``Actuarial Values, Gamma Volume,'' (8-89). * * *
(d) Effective date. This section applies after April 30, 1989, and before May 1, 1999.
Par. 13. Section 1.7520-1T is added to read as follows:
Sec. 1.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests (temporary).
(a) through (b)(1) [Reserved] For further guidance, see Sec. 1.7520-1(a) through (b)(1).
(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For transactions with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is contained in Sec. 20.2031-7T(d)(7) of this chapter. See Sec. 20.2031-7A of this chapter for mortality component tables applicable to transactions for which the valuation date falls before May 1, 1999.
(c) [Reserved]. For further guidance, see Sec. 1.7520-1(c).
(1) Regulation sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1999. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in Sec. 1.642(c)-5. See Sec. 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section1.664-4T(e)(7) contains Table U(1) (actuarial factors for one life). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in Sec. 1.664-3. See Sec. 1.664-4A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 20.2031-7(d)(6) of this chapter contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) of this chapter contains Table
[[Page 23211]]
S (actuarial factors for one life), and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See Sec. 20.2031- 7A of this chapter for actuarial factors for one life and mortality components applicable to valuation dates before May 1, 1999.
(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:
(i) Internal Revenue Service Publication 1457, ``Actuarial Values, Book Aleph,'' (1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in Sec. 1.664-2 and a pooled income fund as defined in Sec. 1.642(c)-5.
(ii) Internal Revenue Service Publication 1458, ``Actuarial Values, Book Beth,'' (1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in Sec. 1.664-3.
(iii) Internal Revenue Service Publication 1459, ``Actuarial Values, Book Gimel,'' (1999). This publication includes tables for computing deprecation adjustment factors. See Sec. 1.170A-12T.
(d) Effective date. This section applies after April 30, 1999.
PART 20--ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954
Par. 14. The authority citation for part 20 is amended by adding entries in numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Section 20.2031-7T also issued under 26 U.S.C. 7520(c)(2). * * *
Section 20.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *
Par. 15. Section 20.2031-0 is revised to read as follows:
Sec. 20.2031-0 Table of contents.
This section lists the section headings and undesignated center headings that appear in the regulations under section 2031.
Sec. 20.2031-1 Definition of gross estate; valuation of property. Sec. 20.2031-2 Valuation of stocks and bonds. Sec. 20.2031-3 Valuation of interests in businesses. Sec. 20.2031-4 Valuation of notes. Sec. 20.2031-5 Valuation of cash on hand or on deposit. Sec. 20.2031-6 Valuation of household and personal effects. Sec. 20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or reversionary interests. Sec. 20.2031-7T Valuation of annuities, interests for life or term of years, and remainder or reversionary interests (temporary). Sec. 20.2031-8 Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company. Sec. 20.2031-9 Valuation of other property.
Actuarial Tables Applicable Before May 1, 1999
Sec. 20.2031-7A Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 1999.
Par. 16. The undesignated centerheading immediately following Sec. 20.2046-1 is revised to read as follows:
Actuarial Tables Applicable Before May 1, 1999
Par. 17. Section 20.2031-7A is amended by:
1. Revising the section heading.
2. Adding paragraph (e).
The revision and addition read as follows:
Sec. 20.2031-7A Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 1999.
* * * * *
(e) Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is after April 30,1989, and before May 1, 1999--(1) In general. Except as otherwise provided in Sec. 20.2031-7(b) and Sec. 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is after April 30, 1989, and before May 1, 1999, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in Sec. 20.2031-7T(d). These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See Secs. 20.7520-1 through 20.7520-4. See paragraph (e)(4) of this section for determination of the appropriate table for use in valuing these interests.
(2) Transitional rule. (i) If the valuation date is after April 30, 1989, and before June 10, 1994, a taxpayer can rely on Notice 89-24 (1989-1 C.B. 660), or Notice 89-60 (1989-1 C.B. 700 ). See Sec. 601.601(d)(2)(ii)(b) of this chapter.
(ii) If a decedent dies after April 30, 1989, and if on May 1, 1989, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For example, see paragraph (d) of this section.
(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in paragraph (e)(4) of this section or in Sec. 20.2031-7(d)(6) are included in Internal Revenue Service Publication 1457, ``Actuarial Values, Alpha Volume,'' (8-89). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained from: CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A
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request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.
(4) Actuarial tables. Except as provided in Sec. 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), Life Table 80CNSMT and Table S (Single life remainder factors applicable where the valuation date is after April 30, 1989, and before May 1, 1999), contained in this paragraph (b)(4), and Table B, Table J, and Table K set forth in Sec. 20.2031-7(d)(6) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent. Table S and Table 80CNSMT are as follows:
Par. 17a. Section 20.2031-7A is further amended by redesignating Table S and Table 80CNSMT in Sec. 20.2031-7(d)(6) as Table S and Table 80CNSMT in Sec. 20.2031-7A(e)(4) and revising the table headings to read as follows: * * * * *
(e) * * *
(4) * * *
Table S.--Based on Life on Life Table 80CNSMT Single Life Remainder Factors [Applicable After April 30, 1989, and Before May 1, 1999]
* * * * *
Table 80CNSMT.--Applicable After April 30, 1989, and Before May 1, 1999
* * * * *
Par. 18. Section 20.2031-7 is amended by:
1. Revising the section heading.
2. Revising paragraphs (c) through (d)(5).
3. Revising paragraph (d)(6) heading and introductory text.
4. Revising paragraph (e).
The revisions read as follows:
Sec. 20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or reversionary interests.
* * * * *
(c) through (d)(5) [Reserved]. For further guidance, see Sec. 20.2031-7T(c) through (d)(5).
(d)(6) Actuarial Table B, Table J, and Table K where the valuation date is after April 30, 1989. Except as provided in Sec. 20.7520-3(b) (pertaining to certain limitations on prescribed tables), the tables in this paragraph (d)(6) and either Table S and Table 80CNSMT in Sec. 20.2031-7A(e)(4) (for valuation dates after April 30, 1989, and before May 1, 1999), or Table S and Table 90CM in Sec. 20.2031-7T(d)(7) (for valuation dates after May 1, 1999) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent. * * * * *
(e) Effective date. This section applies after April 30, 1989, and before May 1, 1999.
Par. 19. Section 20.2031-7T is added to read as follows:
Sec. 20.2031-7T Valuation of annuities, interests for life or term of years, and remainder or reversionary interests (temporary).
(a) through (b) [Reserved]. For further information see Sec. 20.2031-7(a) through (b).
(c) Actuarial valuations. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is after April 30, 1999, is determined under paragraph (d) of this section. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is before May 1, 1999, is determined under the following sections:
Applicable Valuation date
-------------------------------------- After
Before section
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......................... 05-01-9920.2031-7A(e).
(d) Actuarial valuations after April 30, 1999--(1) In general. Except as otherwise provided in paragraph (b) of this section and Sec. 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. See Secs. 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 Sec. 1.642(c)-5 of this chapter, is its value determined under Sec. 1.642(c)-6T(e) of this chapter. The fair market value of a remainder interest in a charitable remainder annuity trust, as defined in Sec. 1.664-2(a) of this chapter, is the present value determined under Sec. 1.664-2(c) of this chapter. The fair market value of a remainder interest in a charitable remainder unitrust, as defined in Sec. 1.664-3 of this chapter, is its present value determined under Sec. 1.664-4T(e) of this chapter. The fair market value of a life interest or term of years in a charitable remainder unitrust is the fair market value of the property as of the date of valuation less the fair market value of the remainder interest on that date determined under Sec. 1.664-4T(e)(4) and (5) of this chapter.
(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in Sec. 20.2031-7(d)(6) and Table S (for one measuring life when the valuation date is after April 30, 1999) is contained in paragraph (d)(7) of this section and in Internal Revenue Service Publication 1457. For information about obtaining actuarial 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 Sec. 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section. If Internal Revenue Service Publication
[[Page 23213]]
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 Sec. 20.2031- 7(d)(6) or in Table S (for the life of one individual) in paragraph (d)(7) of this section, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term- of-years and life interests, see paragraph (d)(4) of this section.
(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Publication 1457 includes actuarial factors 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 Sec. 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section. If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, a required annuity factor for a term of years or for one life may be mathematically derived. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in Sec. 20.2031-7(d)(6) or in Table S (in the case of a one-life annuity when the valuation date is after April 30, 1999) in paragraph (d)(7) of this section, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number.
(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor as contained in Table K in Sec. 20.2031-7(d)(6) for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:
Example. At the time of the decedent's death, the survivor/ annuitant, age 72, is entitled to receive an annuity of $15,000 a year for life payable in equal monthly installments at the end of each period. The section 7520 rate for the month in which the decedent died is 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 Sec. 20.2031-7(d)(6), the adjustment factor under the column for payments made at the end of each monthly period at the rate of 9.6 percent is 1.0433. The aggregate annual amount, $15,000, is multiplied by the factor 6.4127 and the product multiplied by 1.0433. The present value of the annuity at the date of the decedent's death is, therefore, $100,355.55 ($15,000 x 6.4127 x 1.0433).
(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in Sec. 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in this paragraph (d)(2)(iv).
(v) Annuity and unitrust interests for a term of years or until the prior death of an individual. See Sec. 25.2512-5T(d)(2)(v) of this chapter for examples explaining how to compute the present value of an annuity or unitrust interest that is payable until the earlier of the lapse of a specific number of years or the death of an individual.
(3) Transitional rule. (i) If a decedent dies after April 30, 1999, and if on May 1, 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 Sec. 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 Secs. 20.7520-1(b) and 20.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(7) of this section or Sec. 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 Sec. 20.2031-7A(e)(4), the decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on 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 Sec. 20.2031- 7(d)(6) or in paragraph (d)(7) of this section are included in Internal Revenue Service Publication 1457, ``Actuarial Values, Book Aleph,'' (1999). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal
[[Page 23214]]
Revenue Bulletin (see Secs. 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 Sec. 20.2031-7(d)(6) at an interest rate of 9.6 percent for semiannual annuity payments made at the end of the period is 1.0235. The present value of the annuity at the date of A's death is, therefore, $95,938.80 ($10,000 x 9.3736 x 1.0235).
Example 4. Annuity payable for a term of years. The decedent, or the decedent's estate, was entitled to receive an annuity of $10,000 a year payable in equal quarterly installments at the end of each quarter throughout a term certain. At the time of the decedent's death, the section 7520 rate was 9.8 percent. A quarterly payment had just been made prior to the decedent's death and payments were to continue for 5 more years. Under Table B in Sec. 20.2031-7(d)(6) for the interest rate of 9.8 percent, the factor for the present value of a remainder interest due after a term of 5 years is .626597. Converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity for a term of 5 years is 3.8102. The adjustment factor from Table K in Sec. 20.2031-7(d)(6) at an interest rate of 9.8 percent for quarterly annuity payments made at the end of the period is 1.0360. The present value of the annuity is, therefore, $39,473.67 ($10,000 x 3.8102 x 1.0360).
(6) [Reserved]. For further guidance, see Sec. 20.2031-7(d)(6).
(7) Actuarial Table S and Table 90CM where the valuation date is after April 30, 1999. Except as provided in Sec. 20.7520-2(b) (pertaining to certain limitations on the use of prescribed tables), the following Table 90CM and Table S (single life remainder factors applicable where the valuation date is after April 30, 1999) and Table B, Table J, and Table K contained in Sec. 20.2031-7(d)(6), must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent.
Table S.--Single Life Remainder Factors Applicable After April 30, 1999 Based on Life Table 90CM [Interest rate]
Age
4.2% 4.4% 4.6% 4.8% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0%
0................................................. .06752 .06130 .05586 .05109 .04691 .04322 .03998 .03711 .03458 .03233 1................................................. .06137 .05495 .04932 .04438 .04003 .03620 .03283 .02985 .02721 .02487 2................................................. .06325 .05667 .05088 .04580 .04132 .03737 .03388 .03079 .02806 .02563 3................................................. .06545 .05869 .05275 .04752 .04291 .03883 .03523 .03203 .02920 .02668 4................................................. .06784 .06092 .05482 .04944 .04469 .04048 .03676 .03346 .03052 .02791 5................................................. .07040 .06331 .05705 .05152 .04662 .04229 .03845 .03503 .03199 .02928 6................................................. .07310 .06583 .05941 .05372 .04869 .04422 .04025 .03672 .03357 .03076 7................................................. .07594 .06849 .06191 .05607 .05089 .04628 .04219 .03854 .03528 .03236 8................................................. .07891 .07129 .06453 .05853 .05321 .04846 .04424 .04046 .03709 .03407 9................................................. .08203 .07423 .06731 .06115 .05567 .05079 .04643 .04253 .03904 .03592 10................................................. .08532 .07734 .07024 .06392 .05829 .05326 .04877 .04474 .04114 .03790 11................................................. .08875 .08059 .07331 .06683 .06104 .05587 .05124 .04709 .04336 .04002 12................................................. .09233 .08398 .07653 .06989 .06394 .05862 .05385 .04957 .04572 .04226 13................................................. .09601 .08748 .07985 .07304 .06693 .06146 .05655 .05214 .04816 .04458 14................................................. .09974 .09102 .08322 .07624 .06997 .06435 .05929 .05474 .05064 .04694 15................................................. .10350 .09460 .08661 .07946 .07303 .06725 .06204 .05735 .05312 .04930 16................................................. .10728 .09818 .09001 .08268 .07608 .07014 .06479 .05996 .05559 .05164 17................................................. .11108 .10179 .09344 .08592 .07916 .07306 .06755 .06257 .05807 .05399 18................................................. .11494 .10545 .09691 .08921 .08227 .07601 .07034 .06521 .06057 .05636 19................................................. .11889 .10921 .10047 .09259 .08548 .07904 .07322 .06794 .06315 .05880 20................................................. .12298 .11310 .10417 .09610 .08881 .08220 .07622 .07078 .06584 .06135 21................................................. .12722 .11713 .10801 .09976 .09228 .08550 .07935 .07375 .06866 .06403 22................................................. .13159 .12130 .11199 .10354 .09588 .08893 .08260 .07685 .07160 .06682 23................................................. .13613 .12563 .11612 .10748 .09964 .09250 .08601 .08009 .07468 .06975 24................................................. .14084 .13014 .12043 .11160 .10357 .09625 .08958 .08349 .07793 .07284 25................................................. .14574 .13484 .12493 .11591 .10768 .10018 .09334 .08708 .08135 .07611 26................................................. .15084 .13974 .12963 .12041 .11199 .10431 .09728 .09085 .08496 .07956 27................................................. .15615 .14485 .13454 .12513 .11652 .10865 .10144 .09484 .08878 .08322 28................................................. .16166 .15016 .13965 .13004 .12124 .11319 .10580 .09901 .09279 .08706 29................................................. .16737 .15567 .14497 .13516 .12617 .11792 .11035 .10339 .09699 .09109
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30................................................. .17328 .16138 .15048 .14047 .13129 .12286 .11510 .10796 .10138 .09532 31................................................. .17938 .16728 .15618 .14599 .13661 .12799 .12004 .11272 .10597 .09974 32................................................. .18568 .17339 .16210 .15171 .14214 .13333 .12520 .11769 .11076 .10435 33................................................. .19220 .17972 .16824 .15766 .14790 .13889 .13058 .12289 .11578 .10920 34................................................. .19894 .18627 .17460 .16383 .15388 .14468 .13618 .12831 .12102 .11426 35................................................. .20592 .19307 .18121 .17025 .16011 .15073 .14204 .13399 .12652 .11958 36................................................. .21312 .20010 .18805 .17691 .16658 .15701 .14814 .13990 .13225 .12514 37................................................. .22057 .20737 .19514 .18382 .17331 .16356 .15450 .14608 .13825 .13096 38................................................. .22827 .21490 .20251 .19100 .18031 .17038 .16113 .15253 .14452 .13705 39................................................. .23623 .22270 .21013 .19845 .18759 .17747 .16805 .15927 .15108 .14344 40................................................. .24446 .23078 .21805 .20620 .19516 .18487 .17527 .16631 .15795 .15013 41................................................. .25298 .23915 .22626 .21425 .20305 .19259 .18282 .17368 .16514 .15715 42................................................. .26178 .24782 .23478 .22262 .21125 .20062 .19069 .18138 .17267 .16450 43................................................. .27087 .25678 .24360 .23129 .21977 .20898 .19888 .18941 .18053 .17220 44................................................. .28025 .26603 .25273 .24027 .22860 .21766 .20740 .19777 .18873 .18023 45................................................. .28987 .27555 .26212 .24953 .23772 .22664 .21622 .20644 .19724 .18858 46................................................. .29976 .28533 .27179 .25908 .24714 .23591 .22536 .21542 .20606 .19725 47................................................. .30987 .29535 .28171 .26889 .25682 .24546 .23476 .22468 .21518 .20621 48................................................. .32023 .30563 .29190 .27897 .26678 .25530 .24447 .23425 .22460 .21549 49................................................. .33082 .31615 .30234 .28931 .27702 .26543 .25447 .24412 .23434 .22509 50................................................. .34166 .32694 .31306 .29995 .28756 .27586 .26479 .25432 .24441 .23502 51................................................. .35274 .33798 .32404 .31085 .29838 .28658 .27541 .26482 .25479 .24528 52................................................. .36402 .34924 .33525 .32200 .30946 .29757 .28630 .27561 .26547 .25584 53................................................. .37550 .36070 .34668 .33339 .32078 .30882 .29746 .28667 .27643 .26669 54................................................. .38717 .37237 .35833 .34500 .33234 .32031 .30888 .29801 .28766 .27782 55................................................. .39903 .38424 .37019 .35683 .34413 .33205 .32056 .30961 .29918 .28925 56................................................. .41108 .39631 .38227 .36890 .35617 .34405 .33250 .32149 .31099 .30097 57................................................. .42330 .40857 .39455 .38118 .36844 .35629 .34469 .33363 .32306 .31297 58................................................. .43566 .42098 .40699 .39364 .38089 .36873 .35710 .34600 .33538 .32522 59................................................. .44811 .43351 .41956 .40623 .39350 .38133 .36968 .35855 .34789 .33768 60................................................. .46066 .44613 .43224 .41896 .40624 .39408 .38243 .37127 .36058 .35033 61................................................. .47330 .45887 .44505 .43182 .41914 .40699 .39535 .38418 .37347 .36318 62................................................. .48608 .47175 .45802 .44485 .43223 .42011 .40848 .39732 .38660 .37629 63................................................. .49898 .48478 .47115 .45807 .44550 .43343 .42184 .41069 .39997 .38966 64................................................. .51200 .49793 .48442 .47143 .45895 .44694 .43539 .42427 .41357 .40326 65................................................. .52512 .51121 .49782 .48495 .47255 .46062 .44912 .43805 .42738 .41709 66................................................. .53835 .52461 .51137 .49862 .48634 .47449 .46307 .45206 .44143 .43118 67................................................. .55174 .53818 .52511 .51250 .50034 .48860 .47727 .46633 .45576 .44556 68................................................. .56524 .55188 .53899 .52654 .51452 .50291 .49168 .48083 .47034 .46020 69................................................. .57882 .56568 .55299 .54071 .52885 .51737 .50627 .49552 .48513 .47506 70................................................. .59242 .57951 .56703 .55495 .54325 .53193 .52096 .51034 .50004 .49007 71................................................. .60598 .59332 .58106 .56918 .55767 .54651 .53569 .52520 .51503 .50516 72................................................. .61948 .60707 .59504 .58338 .57206 .56108 .55043 .54009 .53004 .52029 73................................................. .63287 .62073 .60895 .59751 .58640 .57561 .56513 .55495 .54505 .53543 74................................................. .64621 .63435 .62282 .61162 .60073 .59015 .57985 .56984 .56009 .55061 75................................................. .65953 .64796 .63671 .62575 .61510 .60473 .59463 .58480 .57523 .56591 76................................................. .67287 .66160 .65063 .63995 .62954 .61940 .60952 .59989 .59050 .58135 77................................................. .68622 .67526 .66459 .65419 .64404 .63415 .62450 .61509 .60590 .59694 78................................................. .69954 .68892 .67856 .66845 .65858 .64895 .63955 .63036 .62140 .61264 79................................................. .71278 .70250 .69246 .68265 .67308 .66372 .65457 .64563 .63690 .62836 80................................................. .72581 .71588 .70618 .69668 .68740 .67833 .66945 .66077 .65227 .64396 81................................................. .73857 .72899 .71962 .71045 .70147 .69268 .68408 .67566 .66741 .65933 82................................................. .75101 .74178 .73274 .72389 .71522 .70672 .69840 .69024 .68225 .67441 83................................................. .76311 .75423 .74553 .73700 .72864 .72044 .71240 .70451 .69678 .68919 84................................................. .77497 .76645 .75809 .74988 .74183 .73393 .72618 .71857 .71110 .70377 85................................................. .78665 .77848 .77047 .76260 .75487 .74728 .73982 .73250 .72530 .71823 86................................................. .79805 .79025 .78258 .77504 .76764 .76036 .75320 .74617 .73925 .73245 87................................................. .80904 .80159 .79427 .78706 .77998 .77301 .76615 .75940 .75277 .74624 88................................................. .81962 .81251 .80552 .79865 .79188 .78521 .77865 .77220 .76584 .75958 89................................................. .82978 .82302 .81636 .80980 .80335 .79699 .79072 .78455 .77847 .77248 90................................................. .83952 .83309 .82676 .82052 .81437 .80831 .80234 .79645 .79064 .78492 91................................................. .84870 .84260 .83658 .83064 .82479 .81902 .81332 .80771 .80217 .79671 92................................................. .85716 .85136 .84563 .83998 .83441 .82891 .82348 .81812 .81283 .80761 93................................................. .86494 .85942 .85396 .84858 .84326 .83801 .83283 .82771 .82266 .81767 94................................................. .87216 .86690 .86170 .85657 .85149 .84648 .84153 .83664 .83181 .82704 95................................................. .87898 .87397 .86902 .86412 .85928 .85450 .84977 .84510 .84049 .83592 96................................................. .88537 .88060 .87587 .87121 .86659 .86203 .85751 .85305 .84864 .84427 97................................................. .89127 .88672 .88221 .87775 .87335 .86898 .86467 .86040 .85618 .85200 98................................................. .89680 .89245 .88815 .88389 .87968 .87551 .87138 .86730 .86326 .85926 99................................................. .90217 .89803 .89393 .88987 .88585 .88187 .87793 .87402 .87016 .86633 100................................................. .90738 .90344 .89953 .89567 .89183 .88804 .88428 .88056 .87687 .87322 101................................................. .91250 .90876 .90504 .90137 .89772 .89412 .89054 .88699 .88348 .88000 102................................................. .91751 .91396 .91045 .90696 .90350 .90007 .89668 .89331 .88997 .88666 103................................................. .92247 .91912 .91579 .91249 .90922 .90598 .90276 .89957 .89640 .89326
[[Page 23216]]
104................................................. .92775 .92460 .92148 .91839 .91532 .91227 .90924 .90624 .90326 .90031 105................................................. .93290 .92996 .92704 .92415 .92127 .91841 .91558 .91276 .90997 .90719 106................................................. .93948 .93680 .93415 .93151 .92889 .92628 .92370 .92113 .91857 .91604 107................................................. .94739 .94504 .94271 .94039 .93808 .93579 .93351 .93124 .92899 .92675 108................................................. .95950 .95767 .95585 .95404 .95224 .95045 .94867 .94689 .94512 .94336 109................................................. .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170
Age
6.2% 6.4% 6.6% 6.8% 7.0% 7.2% 7.4% 7.6% 7.8% 8.0%
0................................................. .03034 .02857 .02700 .02559 .02433 .02321 .02220 .02129 .02047 .01973 1................................................. .02279 .02094 .01929 .01782 .01650 .01533 .01427 .01331 .01246 .01168 2................................................. .02347 .02155 .01983 .01829 .01692 .01569 .01458 .01358 .01268 .01187 3................................................. .02444 .02243 .02065 .01905 .01761 .01632 .01516 .01412 .01317 .01232 4................................................. .02558 .02349 .02163 .01996 .01846 .01712 .01590 .01481 .01382 .01292 5................................................. .02686 .02469 .02275 .02101 .01945 .01804 .01677 .01562 .01458 .01364 6................................................. .02825 .02600 .02398 .02217 .02053 .01906 .01773 .01653 .01544 .01445 7................................................. .02976 .02742 .02532 .02343 .02172 .02019 .01880 .01754 .01640 .01536 8................................................. .03137 .02894 .02675 .02479 .02301 .02140 .01995 .01864 .01744 .01635 9................................................. .03311 .03059 .02832 .02627 .02442 .02274 .02122 .01985 .01859 .01745 10................................................. .03499 .03237 .03001 .02788 .02595 .02420 .02262 .02118 .01987 .01867 11................................................. .03700 .03428 .03183 .02961 .02760 .02578 .02413 .02262 .02125 .02000 12................................................. .03913 .03632 .03377 .03146 .02937 .02748 .02575 .02418 .02275 .02144 13................................................. .04135 .03843 .03579 .03339 .03122 .02924 .02744 .02580 .02431 .02294 14................................................. .04359 .04057 .03783 .03534 .03308 .03102 .02915 .02744 .02587 .02444 15................................................. .04584 .04270 .03986 .03728 .03493 .03279 .03083 .02905 .02742 .02593 16................................................. .04806 .04482 .04187 .03919 .03674 .03452 .03248 .03063 .02892 .02736 17................................................. .05029 .04692 .04387 .04108 .03855 .03623 .03411 .03218 .03040 .02877 18................................................. .05253 .04905 .04588 .04299 .04036 .03795 .03574 .03373 .03187 .03017 19................................................. .05484 .05124 .04796 .04496 .04222 .03972 .03742 .03532 .03339 .03161 20................................................. .05726 .05354 .05013 .04702 .04418 .04158 .03919 .03700 .03498 .03313 21................................................. .05980 .05595 .05242 .04920 .04625 .04354 .04105 .03877 .03667 .03473 22................................................. .06246 .05847 .05482 .05147 .04841 .04559 .04301 .04063 .03844 .03642 23................................................. .06524 .06112 .05734 .05387 .05069 .04777 .04508 .04260 .04032 .03821 24................................................. .06819 .06392 .06001 .05642 .05312 .05008 .04728 .04470 .04232 .04012 25................................................. .07131 .06690 .06285 .05913 .05570 .05255 .04964 .04695 .04447 .04218 26................................................. .07460 .07005 .06586 .06200 .05845 .05518 .05215 .04936 .04677 .04438 27................................................. .07810 .07340 .06907 .06508 .06140 .05800 .05485 .05195 .04925 .04676 28................................................. .08179 .07693 .07246 .06833 .06451 .06098 .05772 .05469 .05189 .04929 29................................................. .08566 .08065 .07603 .07176 .06780 .06414 .06075 .05761 .05469 .05198 30................................................. .08973 .08456 .07978 .07536 .07127 .06748 .06396 .06069 .05766 .05483 31................................................. .09398 .08865 .08372 .07915 .07491 .07098 .06733 .06394 .06078 .05785 32................................................. .09843 .09294 .08785 .08313 .07875 .07468 .07089 .06737 .06409 .06103 33................................................. .10310 .09745 .09220 .08732 .08279 .07858 .07466 .07100 .06759 .06441 34................................................. .10799 .10217 .09676 .09173 .08705 .08269 .07862 .07483 .07129 .06798 35................................................. .11314 .10715 .10157 .09638 .09155 .08704 .08283 .07890 .07522 .07179 36................................................. .11852 .11236 .10662 .10127 .09628 .09162 .08726 .08319 .07938 .07581 37................................................. .12416 .11783 .11193 .10641 .10126 .09645 .09194 .08772 .08377 .08006 38................................................. .13009 .12359 .11751 .11183 .10652 .10155 .09689 .09253 .08843 .08459 39................................................. .13629 .12962 .12338 .11753 .11206 .10693 .10212 .09761 .09337 .08938 40................................................. .14281 .13597 .12955 .12355 .11791 .11262 .10766 .10299 .09860 .09447 41................................................. .14966 .14264 .13606 .12989 .12409 .11864 .11352 .10870 .10417 .09989 42................................................. .15685 .14966 .14291 .13657 .13061 .12500 .11972 .11475 .11006 .10564 43................................................. .16437 .15702 .15010 .14360 .13747 .13171 .12627 .12115 .11631 .11174 44................................................. .17224 .16472 .15764 .15098 .14469 .13876 .13317 .12789 .12290 .11819 45................................................. .18042 .17274 .16550 .15867 .15223 .14615 .14040 .13496 .12982 .12496 46................................................. .18893 .18110 .17370 .16671 .16011 .15387 .14796 .14238 .13708 .13207 47................................................. .19775 .18975 .18220 .17505 .16830 .16190 .15584 .15010 .14466 .13950 48................................................. .20688 .19873 .19102 .18373 .17682 .17027 .16406 .15817 .15258 .14727 49................................................. .21633 .20804 .20018 .19274 .18568 .17898 .17262 .16658 .16084 .15539 50................................................. .22612 .21769 .20969 .20210 .19490 .18805 .18155 .17536 .16948 .16388 51................................................. .23625 .22769 .21955 .21182 .20448 .19749 .19084 .18452 .17849 .17275 52................................................. .24669 .23799 .22973 .22186 .21438 .20726 .20047 .19400 .18784 .18196 53................................................. .25742 .24861 .24022 .23222 .22461 .21735 .21043 .20383 .19753 .19151 54................................................. .26845 .25952 .25101 .24290 .23516 .22777 .22072 .21399 .20756 .20140 55................................................. .27978 .27074 .26212 .25389 .24604 .23853 .23136 .22450 .21793 .21166 56................................................. .29140 .28227 .27355 .26522 .25725 .24963 .24233 .23535 .22867 .22227 57................................................. .30333 .29411 .28529 .27686 .26879 .26106 .25365 .24656 .23976 .23324 58................................................. .31551 .30621 .29731 .28878 .28061 .27278 .26528 .25807 .25116 .24453 59................................................. .32790 .31854 .30956 .30095 .29269 .28477 .27716 .26986 .26284 .25610 60................................................. .34050 .33107 .32202 .31334 .30500 .29699 .28929 .28190 .27478 .26794 61................................................. .35331 .34384 .33473 .32598 .31757 .30948 .30170 .29422 .28701 .28007 62................................................. .36639 .35688 .34772 .33892 .33044 .32229 .31443 .30687 .29958 .29255 63................................................. .37974 .37020 .36101 .35216 .34363 .33542 .32750 .31986 .31250 .30539 64................................................. .39334 .38378 .37456 .36568 .35711 .34884 .34087 .33317 .32574 .31857
[[Page 23217]]
65................................................. .40718 .39761 .38838 .37947 .37087 .36257 .35455 .34681 .33932 .33208 66................................................. .42128 .41172 .40249 .39357 .38496 .37663 .36858 .36079 .35326 .34597 67................................................. .43569 .42616 .41694 .40803 .39941 .39107 .38299 .37518 .36761 .36028 68................................................. .45038 .44089 .43170 .42281 .41419 .40585 .39777 .38994 .38235 .37499 69................................................. .46531 .45587 .44672 .43786 .42927 .42094 .41286 .40503 .39743 .39006 70................................................. .48040 .47103 .46194 .45312 .44456 .43626 .42820 .42038 .41278 .40540 71................................................. .49558 .48629 .47727 .46851 .46000 .45174 .44371 .43591 .42832 .42095 72................................................. .51082 .50162 .49268 .48399 .47554 .46733 .45934 .45157 .44401 .43666 73................................................. .52607 .51697 .50813 .49952 .49114 .48299 .47506 .46733 .45981 .45249 74................................................. .54139 .53241 .52367 .51515 .50686 .49879 .49092 .48325 .47578 .46849 75................................................. .55683 .54798 .53936 .53095 .52276 .51477 .50698 .49938 .49197 .48474 76................................................. .57243 .56373 .55524 .54696 .53888 .53100 .52330 .51579 .50846 .50130 77................................................. .58819 .57965 .57132 .56318 .55523 .54747 .53988 .53247 .52523 .51815 78................................................. .60408 .59572 .58755 .57957 .57177 .56414 .55668 .54939 .54225 .53527 79................................................. .62001 .61184 .60385 .59604 .58840 .58092 .57360 .56644 .55943 .55256 80................................................. .63582 .62786 .62007 .61244 .60497 .59765 .59048 .58347 .57659 .56985 81................................................. .65142 .64367 .63608 .62864 .62135 .61421 .60721 .60034 .59361 .58701 82................................................. .66673 .65920 .65182 .64458 .63748 .63052 .62368 .61698 .61041 .60395 83................................................. .68175 .67444 .66728 .66024 .65334 .64656 .63991 .63338 .62696 .62066 84................................................. .69657 .68950 .68256 .67574 .66904 .66246 .65599 .64964 .64340 .63727 85................................................. .71128 .70446 .69775 .69116 .68467 .67830 .67204 .66587 .65982 .65386 86................................................. .72576 .71919 .71272 .70636 .70010 .69394 .68789 .68193 .67606 .67029 87................................................. .73981 .73349 .72726 .72114 .71511 .70917 .70333 .69757 .69190 .68632 88................................................. .75342 .74735 .74137 .73548 .72968 .72396 .71833 .71279 .70732 .70194 89................................................. .76658 .76076 .75503 .74938 .74381 .73832 .73290 .72757 .72231 .71712 90................................................. .77928 .77371 .76823 .76281 .75748 .75221 .74702 .74190 .73684 .73186 91................................................. .79131 .78600 .78075 .77557 .77046 .76542 .76044 .75553 .75068 .74589 92................................................. .80246 .79737 .79235 .78740 .78250 .77767 .77290 .76818 .76353 .75893 93................................................. .81274 .80788 .80307 .79832 .79363 .78899 .78441 .77989 .77542 .77100 94................................................. .82232 .81766 .81306 .80850 .80401 .79956 .79517 .79082 .78653 .78228 95................................................. .83141 .82695 .82254 .81818 .81387 .80961 .80539 .80122 .79710 .79302 96................................................. .83996 .83569 .83147 .82729 .82316 .81907 .81503 .81103 .80707 .80315 97................................................. .84787 .84378 .83973 .83573 .83176 .82784 .82396 .82012 .81632 .81255 98................................................. .85530 .85138 .84750 .84366 .83985 .83609 .83236 .82867 .82502 .82140 99................................................. .86255 .85880 .85508 .85140 .84776 .84415 .84057 .83703 .83353 .83005 100................................................. .86960 .86601 .86246 .85894 .85546 .85200 .84858 .84519 .84183 .83849 101................................................. .87655 .87313 .86974 .86638 .86305 .85975 .85648 .85324 .85003 .84684 102................................................. .88338 .88012 .87689 .87369 .87052 .86738 .86426 .86116 .85809 .85505 103................................................. .89015 .88706 .88399 .88095 .87793 .87494 .87197 .86903 .86611 .86321 104................................................. .89737 .89446 .89157 .88871 .88586 .88304 .88024 .87745 .87469 .87195 105................................................. .90443 .90170 .89898 .89628 .89360 .89094 .88830 .88568 .88307 .88049 106................................................. .91351 .91101 .90852 .90605 .90359 .90115 .89873 .89632 .89392 .89154 107................................................. .92452 .92230 .92010 .91791 .91573 .91356 .91141 .90927 .90714 .90502 108................................................. .94161 .93987 .93814 .93641 .93469 .93298 .93128 .92958 .92790 .92622 109................................................. .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296
Age
8.2% 8.4% 8.6% 8.8% 9.0% 9.2% 9.4% 9.6% 9.8% 10.0%
0................................................. .01906 .01845 .01790 .01740 .01694 .01652 .01613 .01578 .01546 .01516 1................................................. .01098 .01034 .00977 .00924 .00876 .00833 .00793 .00756 .00722 .00691 2................................................. .01113 .01046 .00986 .00930 .00880 .00834 .00791 .00753 .00717 .00684 3................................................. .01155 .01084 .01020 .00962 .00909 .00860 .00816 .00775 .00737 .00702 4................................................. .01211 .01137 .01069 .01008 .00952 .00900 .00853 .00810 .00770 .00733 5................................................. .01279 .01201 .01130 .01065 .01006 .00952 .00902 .00856 .00814 .00775 6................................................. .01356 .01274 .01199 .01131 .01068 .01011 .00959 .00910 .00865 .00824 7................................................. .01442 .01356 .01277 .01205 .01140 .01079 .01023 .00972 .00925 .00881 8................................................. .01536 .01446 .01363 .01287 .01218 .01154 .01096 .01041 .00991 .00945 9................................................. .01641 .01546 .01460 .01380 .01307 .01240 .01178 .01120 .01068 .01019 10................................................. .01758 .01659 .01567 .01484 .01407 .01336 .01270 .01210 .01154 .01103 11................................................. .01886 .01781 .01686 .01598 .01517 .01442 .01373 .01310 .01251 .01196 12................................................. .02024 .01915 .01814 .01721 .01636 .01558 .01485 .01419 .01357 .01299 13................................................. .02168 .02054 .01948 .01851 .01762 .01679 .01603 .01533 .01467 .01407 14................................................. .02313 .02193 .02083 .01981 .01887 .01801 .01721 .01646 .01578 .01514 15................................................. .02456 .02330 .02214 .02107 .02009 .01918 .01834 .01756 .01684 .01617 16................................................. .02593 .02462 .02340 .02229 .02126 .02030 .01942 .01860 .01785 .01714 17................................................. .02728 .02590 .02463 .02346 .02238 .02138 .02046 .01960 .01880 .01806 18................................................. .02861 .02717 .02584 .02462 .02348 .02243 .02146 .02056 .01972 .01894 19................................................. .02998 .02847 .02708 .02580 .02461 .02351 .02249 .02154 .02066 .01984 20................................................. .03142 .02984 .02839 .02704 .02580 .02465 .02357 .02258 .02165 .02079 21................................................. .03295 .03130 .02978 .02837 .02706 .02585 .02473 .02368 .02271 .02180 22................................................. .03455 .03283 .03124 .02976 .02839 .02712 .02594 .02484 .02382 .02286 23................................................. .03626 .03446 .03279 .03124 .02981 .02847 .02723 .02608 .02500 .02400 24................................................. .03809 .03620 .03446 .03283 .03133 .02993 .02863 .02741 .02628 .02522 25................................................. .04005 .03808 .03625 .03456 .03298 .03151 .03014 .02887 .02768 .02656
[[Page 23218]]
26................................................. .04216 .04010 .03819 .03641 .03476 .03322 .03178 .03044 .02919 .02802 27................................................. .04444 .04229 .04029 .03843 .03670 .03508 .03357 .03217 .03085 .02962 28................................................. .04687 .04463 .04254 .04059 .03877 .03708 .03550 .03402 .03263 .03133 29................................................. .04946 .04712 .04493 .04289 .04099 .03922 .03756 .03600 .03455 .03318 30................................................. .05221 .04976 .04748 .04534 .04335 .04149 .03975 .03812 .03659 .03515 31................................................. .05511 .05255 .05017 .04794 .04585 .04390 .04208 .04037 .03876 .03725 32................................................. .05818 .05551 .05302 .05069 .04851 .04647 .04455 .04276 .04107 .03948 33................................................. .06144 .05866 .05606 .05363 .05135 .04921 .04720 .04532 .04355 .04188 34................................................. .06489 .06200 .05928 .05674 .05436 .05212 .05002 .04805 .04619 .04444 35................................................. .06857 .06555 .06273 .06007 .05758 .05524 .05304 .05097 .04902 .04718 36................................................. .07246 .06932 .06638 .06361 .06101 .05856 .05626 .05409 .05205 .05012 37................................................. .07659 .07332 .07025 .06737 .06466 .06210 .05969 .05742 .05528 .05325 38................................................. .08098 .07758 .07439 .07138 .06855 .06588 .06336 .06099 .05874 .05662 39................................................. .08563 .08210 .07878 .07565 .07270 .06992 .06729 .06480 .06245 .06023 40................................................. .09059 .08692 .08347 .08021 .07714 .07423 .07149 .06889 .06643 .06411 41................................................. .09586 .09206 .08848 .08509 .08189 .07886 .07600 .07329 .07072 .06828 42................................................. .10147 .09753 .09381 .09029 .08696 .08381 .08083 .07800 .07531 .07277 43................................................. .10742 .10334 .09948 .09583 .09237 .08909 .08598 .08304 .08024 .07758 44................................................. .11373 .10950 .10551 .10172 .09813 .09472 .09148 .08841 .08549 .08272 45................................................. .12035 .11599 .11185 .10792 .10420 .10066 .09730 .09410 .09106 .08817 46................................................. .12732 .12281 .11853 .11447 .11061 .10694 .10345 .10013 .09696 .09395 47................................................. .13460 .12995 .12553 .12133 .11733 .11353 .10991 .10646 .10317 .10004 48................................................. .14223 .13743 .13287 .12853 .12439 .12046 .11671 .11313 .10972 .10646 49................................................. .15020 .14526 .14056 .13608 .13181 .12774 .12385 .12015 .11661 .11322 50................................................. .15855 .15347 .14862 .14401 .13960 .13540 .13138 .12754 .12388 .12037 51................................................. .16727 .16205 .15707 .15232 .14777 .14344 .13929 .13532 .13153 .12789 52................................................. .17634 .17098 .16587 .16097 .15630 .15183 .14755 .14345 .13953 .13577 53................................................. .18576 .18027 .17501 .16999 .16518 .16057 .15616 .15194 .14789 .14400 54................................................. .19552 .18990 .18451 .17935 .17441 .16968 .16514 .16078 .15661 .15260 55................................................. .20564 .19989 .19437 .18908 .18402 .17915 .17449 .17001 .16571 .16157 56................................................. .21613 .21025 .20461 .19919 .19400 .18901 .18422 .17962 .17519 .17093 57................................................. .22698 .22098 .21522 .20968 .20436 .19925 .19434 .18961 .18507 .18069 58................................................. .23816 .23204 .22616 .22051 .21507 .20984 .20481 .19996 .19530 .19080 59................................................. .24962 .24339 .23740 .23163 .22608 .22073 .21558 .21062 .20584 .20123 60................................................. .26136 .25502 .24892 .24304 .23738 .23192 .22666 .22158 .21669 .21196 61................................................. .27339 .26695 .26075 .25477 .24900 .24343 .23806 .23288 .22787 .22304 62................................................. .28578 .27925 .27295 .26687 .26100 .25533 .24985 .24456 .23945 .23451 63................................................. .29854 .29192 .28553 .27935 .27339 .26762 .26205 .25666 .25145 .24641 64................................................. .31164 .30494 .29846 .29221 .28615 .28030 .27463 .26915 .26384 .25870 65................................................. .32508 .31831 .31177 .30543 .29930 .29336 .28761 .28203 .27663 .27140 66................................................. .33891 .33208 .32547 .31906 .31285 .30684 .30101 .29536 .28987 .28456 67................................................. .35318 .34630 .33963 .33316 .32689 .32081 .31491 .30918 .30363 .29823 68................................................. .36785 .36093 .35422 .34770 .34138 .33524 .32928 .32349 .31787 .31240 69................................................. .38290 .37595 .36920 .36265 .35628 .35009 .34408 .33824 .33256 .32703 70................................................. .39823 .39127 .38450 .37791 .37151 .36529 .35924 .35335 .34762 .34204 71................................................. .41378 .40681 .40003 .39343 .38701 .38076 .37467 .36875 .36298 .35736 72................................................. .42950 .42253 .41575 .40914 .40271 .39644 .39034 .38438 .37858 .37293 73................................................. .44535 .43840 .43162 .42502 .41858 .41231 .40619 .40022 .39440 .38872 74................................................. .46139 .45446 .44771 .44112 .43469 .42842 .42230 .41632 .41049 .40479 75................................................. .47769 .47080 .46408 .45752 .45111 .44485 .43874 .43277 .42693 .42123 76................................................. .49430 .48747 .48079 .47427 .46790 .46167 .45558 .44963 .44380 .43811 77................................................. .51123 .50447 .49786 .49139 .48506 .47888 .47282 .46690 .46111 .45543 78................................................. .52845 .52177 .51523 .50884 .50257 .49645 .49044 .48457 .47881 .47317 79................................................. .54584 .53926 .53282 .52650 .52032 .51426 .50833 .50251 .49681 .49122 80................................................. .56325 .55678 .55044 .54423 .53813 .53216 .52630 .52056 .51492 .50939 81................................................. .58054 .57419 .56797 .56186 .55587 .54999 .54422 .53856 .53300 .52754 82................................................. .59762 .59140 .58530 .57931 .57343 .56766 .56198 .55641 .55094 .54557 83................................................. .61448 .60840 .60243 .59657 .59081 .58515 .57958 .57411 .56874 .56346 84................................................. .63124 .62531 .61949 .61376 .60813 .60259 .59715 .59179 .58652 .58134 85................................................. .64800 .64224 .63657 .63099 .62550 .62010 .61478 .60955 .60441 .59934 86................................................. .66461 .65902 .65351 .64810 .64276 .63751 .63233 .62724 .62222 .61728 87................................................. .68083 .67541 .67008 .66483 .65965 .65455 .64953 .64458 .63970 .63489 88................................................. .69663 .69140 .68624 .68116 .67615 .67121 .66634 .66154 .65680 .65213 89................................................. .71201 .70696 .70199 .69708 .69224 .68747 .68276 .67811 .67353 .66900 90................................................. .72694 .72209 .71730 .71257 .70791 .70330 .69876 .69427 .68984 .68547 91................................................. .74117 .73650 .73190 .72735 .72286 .71842 .71404 .70972 .70545 .70123 92................................................. .75439 .74991 .74548 .74110 .73678 .73251 .72829 .72412 .72000 .71593 93................................................. .76664 .76233 .75806 .75385 .74969 .74557 .74150 .73748 .73350 .72957 94................................................. .77809 .77394 .76983 .76578 .76177 .75780 .75388 .75000 .74616 .74237 95................................................. .78899 .78500 .78106 .77715 .77329 .76947 .76569 .76195 .75826 .75460 96................................................. .79928 .79544 .79165 .78790 .78418 .78050 .77686 .77326 .76970 .76617 97................................................. .80883 .80514 .80149 .79787 .79430 .79075 .78725 .78377 .78033 .77693 98................................................. .81781 .81427 .81075 .80727 .80382 .80041 .79703 .79368 .79036 .78708 99................................................. .82661 .82320 .81982 .81648 .81316 .80988 .80662 .80340 .80020 .79704
[[Page 23219]]
100................................................. .83519 .83192 .82868 .82547 .82228 .81913 .81600 .81290 .80982 .80678 101................................................. .84368 .84055 .83744 .83437 .83131 .82829 .82529 .82231 .81936 .81643 102................................................. .85203 .84904 .84607 .84313 .84021 .83731 .83444 .83159 .82876 .82596 103................................................. .86034 .85748 .85465 .85184 .84906 .84629 .84355 .84082 .83812 .83544 104................................................. .86923 .86653 .86385 .86119 .85855 .85593 .85333 .85074 .84818 .84563 105................................................. .87792 .87537 .87283 .87032 .86782 .86534 .86287 .86042 .85799 .85557 106................................................. .88918 .88683 .88450 .88218 .87987 .87758 .87530 .87304 .87079 .86855 107................................................. .90291 .90082 .89873 .89666 .89460 .89255 .89051 .88849 .88647 .88447 108................................................. .92455 .92288 .92123 .91958 .91794 .91630 .91468 .91306 .91145 .90984 109................................................. .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455
Age
10.2% 10.4% 10.6% 10.8% 11.0% 11.2% 11.4% 11.6% 11.8% 12.0%
0................................................. .01488 .01463 .01439 .01417 .01396 .01377 .01359 .01343 .01327 .01312 1................................................. .00662 .00636 .00612 .00589 .00568 .00548 .00530 .00513 .00497 .00482 2................................................. .00654 .00626 .00600 .00576 .00554 .00533 .00514 .00496 .00479 .00463 3................................................. .00670 .00641 .00613 .00588 .00564 .00542 .00522 .00502 .00484 .00468 4................................................. .00699 .00668 .00639 .00612 .00587 .00563 .00542 .00521 .00502 .00484 5................................................. .00739 .00706 .00675 .00646 .00620 .00595 .00571 .00550 .00529 .00510 6................................................. .00786 .00751 .00718 .00687 .00659 .00633 .00608 .00585 .00563 .00543 7................................................. .00841 .00803 .00769 .00736 .00706 .00678 .00652 .00627 .00604 .00582 8................................................. .00902 .00863 .00826 .00791 .00759 .00730 .00702 .00675 .00651 .00628 9................................................. .00973 .00931 .00892 .00856 .00822 .00790 .00760 .00733 .00706 .00682 10................................................. .01055 .01010 .00969 .00930 .00894 .00861 .00829 .00799 .00772 .00746 11................................................. .01146 .01099 .01055 .01014 .00976 .00940 .00907 .00875 .00846 .00818 12................................................. .01246 .01196 .01150 .01106 .01066 .01028 .00993 .00960 .00928 .00899 13................................................. .01351 .01298 .01249 .01204 .01161 .01121 .01084 .01049 .01016 .00985 14................................................. .01455 .01400 .01348 .01300 .01255 .01213 .01173 .01136 .01102 .01069 15................................................. .01555 .01497 .01443 .01392 .01345 .01300 .01259 .01220 .01183 .01148 16................................................. .01648 .01587 .01530 .01477 .01427 .01380 .01336 .01295 .01257 .01220 17................................................. .01737 .01673 .01612 .01556 .01504 .01455 .01408 .01365 .01324 .01286 18................................................. .01822 .01754 .01691 .01632 .01576 .01525 .01476 .01430 .01387 .01347 19................................................. .01908 .01837 .01770 .01708 .01650 .01595 .01544 .01495 .01450 .01407 20................................................. .01999 .01924 .01854 .01788 .01726 .01669 .01615 .01564 .01516 .01471 21................................................. .02096 .02017 .01943 .01874 .01809 .01748 .01691 .01637 .01586 .01539 22................................................. .02197 .02114 .02036 .01963 .01895 .01830 .01770 .01713 .01660 .01610 23................................................. .02306 .02218 .02136 .02059 .01987 .01919 .01855 .01795 .01739 .01686 24................................................. .02424 .02331 .02245 .02163 .02087 .02016 .01948 .01885 .01825 .01769 25................................................. .02552 .02455 .02364 .02278 .02197 .02122 .02051 .01984 .01920 .01861 26................................................. .02692 .02589 .02493 .02403 .02318 .02238 .02162 .02091 .02025 .01961 27................................................. .02846 .02738 .02636 .02541 .02451 .02367 .02287 .02212 .02141 .02074 28................................................. .03012 .02898 .02791 .02690 .02595 .02506 .02422 .02342 .02267 .02196 29................................................. .03190 .03070 .02957 .02851 .02751 .02656 .02567 .02483 .02404 .02329 30................................................. .03381 .03254 .03135 .03023 .02917 .02817 .02723 .02634 .02551 .02471 31................................................. .03583 .03450 .03324 .03206 .03094 .02989 .02890 .02796 .02707 .02623 32................................................. .03799 .03659 .03527 .03402 .03284 .03173 .03068 .02968 .02874 .02785 33................................................. .04031 .03883 .03744 .03612 .03488 .03371 .03260 .03155 .03055 .02961 34................................................. .04279 .04123 .03976 .03838 .03707 .03583 .03465 .03354 .03249 .03149 35................................................. .04545 .04382 .04227 .04081 .03943 .03812 .03688 .03571 .03459 .03354 36................................................. .04830 .04658 .04495 .04341 .04196 .04058 .03927 .03803 .03685 .03573 37................................................. .05134 .04953 .04782 .04620 .04467 .04321 .04183 .04052 .03928 .03809 38................................................. .05462 .05272 .05092 .04921 .04760 .04606 .04461 .04322 .04191 .04066 39................................................. .05812 .05613 .05424 .05245 .05075 .04913 .04760 .04614 .04475 .04343 40................................................. .06190 .05981 .05782 .05594 .05415 .05245 .05083 .04929 .04783 .04643 41................................................. .06597 .06378 .06170 .05972 .05784 .05605 .05435 .05272 .05118 .04970 42................................................. .07035 .06806 .06587 .06380 .06182 .05994 .05815 .05644 .05481 .05326 43................................................. .07505 .07265 .07036 .06818 .06611 .06414 .06225 .06045 .05874 .05710 44................................................. .08008 .07757 .07518 .07290 .07072 .06865 .06667 .06478 .06298 .06125 45................................................. .08542 .08279 .08029 .07791 .07563 .07346 .07138 .06940 .06750 .06569 46................................................. .09108 .08834 .08573 .08324 .08085 .07858 .07640 .07432 .07233 .07043 47................................................. .09705 .09419 .09147 .08886 .08637 .08399 .08172 .07954 .07745 .07545 48................................................. .10335 .10038 .09754 .09482 .09222 .08973 .08735 .08507 .08288 .08078 49................................................. .10999 .10690 .10394 .10111 .09840 .09581 .09332 .09093 .08864 .08644 50................................................. .11701 .11380 .11073 .10778 .10496 .10225 .09965 .09716 .09477 .09247 51................................................. .12441 .12108 .11789 .11482 .11189 .10907 .10636 .10376 .10126 .09886 52................................................. .13217 .12871 .12540 .12222 .11916 .11623 .11341 .11071 .10810 .10560 53................................................. .14028 .13670 .13327 .12997 .12680 .12375 .12082 .11801 .11529 .11268 54................................................. .14875 .14505 .14150 .13808 .13480 .13163 .12859 .12566 .12284 .12012 55................................................. .15760 .15378 .15011 .14657 .14317 .13989 .13674 .13370 .13077 .12794 56................................................. .16684 .16290 .15911 .15546 .15194 .14855 .14528 .14213 .13909 .13615 57................................................. .17648 .17242 .16851 .16474 .16111 .15760 .15422 .15096 .14781 .14477 58................................................. .18647 .18229 .17827 .17438 .17064 .16702 .16353 .16015 .15689 .15374 59................................................. .19678 .19249 .18835 .18435 .18049 .17676 .17316 .16968 .16631 .16305 60................................................. .20740 .20300 .19875 .19464 .19066 .18682 .18311 .17952 .17604 .17268
[[Page 23220]]
61................................................. .21837 .21385 .20949 .20527 .20119 .19724 .19341 .18971 .18613 .18266 62................................................. .22973 .22511 .22064 .21631 .21212 .20807 .20414 .20033 .19664 .19306 63................................................. .24152 .23680 .23222 .22779 .22350 .21934 .21530 .21139 .20760 .20392 64................................................. .25372 .24890 .24422 .23969 .23529 .23103 .22690 .22289 .21899 .21521 65................................................. .26633 .26141 .25664 .25201 .24752 .24316 .23893 .23482 .23083 .22695 66................................................. .27940 .27439 .26953 .26481 .26023 .25577 .25145 .24724 .24316 .23918 67................................................. .29299 .28790 .28296 .27815 .27348 .26894 .26453 .26024 .25606 .25200 68................................................. .30709 .30193 .29691 .29202 .28728 .28265 .27816 .27378 .26952 .26537 69................................................. .32166 .31643 .31134 .30639 .30157 .29687 .29230 .28785 .28351 .27928 70................................................. .33661 .33133 .32618 .32116 .31628 .31152 .30688 .30235 .29794 .29364 71................................................. .35188 .34654 .34134 .33627 .33133 .32651 .32181 .31722 .31275 .30838 72................................................. .36742 .36204 .35679 .35168 .34668 .34181 .33706 .33241 .32788 .32345 73................................................. .38317 .37776 .37248 .36733 .36229 .35738 .35257 .34788 .34330 .33882 74................................................. .39923 .39380 .38849 .38330 .37823 .37328 .36844 .36370 .35908 .35455 75................................................. .41566 .41021 .40489 .39968 .39459 .38961 .38474 .37997 .37531 .37074 76................................................. .43254 .42709 .42176 .41655 .41144 .40645 .40156 .39677 .39208 .38749 77................................................. .44988 .44444 .43912 .43391 .42880 .42380 .41891 .41411 .40940 .40479 78................................................. .46765 .46224 .45694 .45174 .44665 .44166 .43677 .43197 .42726 .42265 79................................................. .48574 .48037 .47510 .46993 .46487 .45990 .45502 .45024 .44554 .44094 80................................................. .50397 .49865 .49343 .48830 .48327 .47834 .47349 .46873 .46406 .45947 81................................................. .52219 .51693 .51176 .50669 .50171 .49682 .49201 .48729 .48265 .47809 82................................................. .54029 .53510 .53000 .52499 .52007 .51523 .51047 .50580 .50120 .49667 83................................................. .55826 .55315 .54813 .54319 .53834 .53356 .52886 .52424 .51969 .51522 84................................................. .57624 .57123 .56629 .56144 .55666 .55195 .54732 .54277 .53828 .53386 85................................................. .59435 .58944 .58460 .57984 .57516 .57054 .56599 .56151 .55710 .55275 86................................................. .61241 .60762 .60289 .59824 .59365 .58913 .58468 .58029 .57596 .57170 87................................................. .63015 .62548 .62087 .61633 .61185 .60744 .60309 .59880 .59456 .59039 88................................................. .64753 .64299 .63851 .63409 .62973 .62543 .62118 .61700 .61287 .60879 89................................................. .66454 .66013 .65579 .65150 .64726 .64308 .63895 .63488 .63086 .62689 90................................................. .68115 .67689 .67268 .66853 .66442 .66037 .65637 .65241 .64851 .64465 91................................................. .69706 .69294 .68887 .68486 .68089 .67696 .67309 .66925 .66547 .66173 92................................................. .71190 .70792 .70399 .70011 .69627 .69247 .68872 .68501 .68134 .67771 93................................................. .72569 .72184 .71804 .71429 .71057 .70689 .70326 .69967 .69611 .69259 94................................................. .73861 .73490 .73123 .72759 .72400 .72044 .71692 .71344 .71000 .70659 95................................................. .75097 .74739 .74384 .74033 .73686 .73342 .73002 .72665 .72331 .72001 96................................................. .76267 .75922 .75579 .75240 .74905 .74572 .74243 .73917 .73595 .73275 97................................................. .77356 .77022 .76691 .76363 .76039 .75718 .75399 .75084 .74772 .74463 98................................................. .78382 .78059 .77740 .77423 .77110 .76799 .76491 .76186 .75884 .75584 99................................................. .79390 .79079 .78771 .78465 .78162 .77862 .77565 .77270 .76978 .76688 100................................................. .80376 .80076 .79779 .79485 .79193 .78904 .78617 .78333 .78051 .77771 101................................................. .81353 .81066 .80780 .80497 .80217 .79938 .79662 .79388 .79117 .78847 102................................................. .82318 .82042 .81768 .81496 .81227 .80960 .80694 .80431 .80170 .79911 103................................................. .83278 .83014 .82752 .82491 .82233 .81977 .81723 .81470 .81220 .80971 104................................................. .84310 .84059 .83810 .83563 .83317 .83073 .82831 .82591 .82352 .82115 105................................................. .85318 .85079 .84843 .84607 .84374 .84142 .83911 .83682 .83455 .83229 106................................................. .86633 .86413 .86193 .85975 .85758 .85543 .85329 .85116 .84904 .84694 107................................................. .88247 .88049 .87852 .87656 .87460 .87266 .87073 .86881 .86690 .86500 108................................................. .90825 .90666 .90507 .90350 .90193 .90037 .89881 .89727 .89572 .89419 109................................................. .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643
Age
12.2% 12.4% 12.6% 12.8% 13.0% 13.2% 13.4% 13.6% 13.8% 14.0%
0................................................. .01298 .01285 .01273 .01261 .01250 .01240 .01230 .01221 .01212 .01203 1................................................. .00468 .00455 .00443 .00431 .00420 .00410 .00400 .00391 .00382 .00374 2................................................. .00448 .00435 .00421 .00409 .00398 .00387 .00376 .00366 .00357 .00348 3................................................. .00452 .00437 .00423 .00410 .00398 .00386 .00375 .00365 .00355 .00345 4................................................. .00468 .00452 .00437 .00423 .00410 .00397 .00386 .00375 .00364 .00354 5................................................. .00493 .00476 .00460 .00445 .00431 .00418 .00405 .00393 .00382 .00371 6................................................. .00524 .00506 .00489 .00473 .00458 .00444 .00430 .00418 .00406 .00394 7................................................. .00562 .00543 .00525 .00508 .00492 .00477 .00462 .00449 .00436 .00423 8................................................. .00606 .00586 .00566 .00548 .00531 .00515 .00499 .00485 .00471 .00458 9................................................. .00659 .00637 .00616 .00597 .00579 .00561 .00545 .00529 .00514 .00500 10................................................. .00721 .00698 .00676 .00655 .00636 .00617 .00600 .00583 .00567 .00552 11................................................. .00792 .00767 .00744 .00722 .00701 .00682 .00663 .00645 .00628 .00612 12................................................. .00871 .00845 .00821 .00797 .00775 .00754 .00735 .00716 .00698 .00681 13................................................. .00955 .00928 .00902 .00877 .00854 .00831 .00810 .00790 .00771 .00753 14................................................. .01038 .01009 .00981 .00955 .00930 .00907 .00885 .00864 .00843 .00824 15................................................. .01116 .01085 .01056 .01028 .01002 .00977 .00954 .00932 .00910 .00890 16................................................. .01186 .01153 .01123 .01094 .01066 .01040 .01015 .00992 .00969 .00948 17................................................. .01250 .01215 .01183 .01152 .01124 .01096 .01070 .01045 .01022 .00999 18................................................. .01308 .01272 .01238 .01206 .01175 .01147 .01119 .01093 .01068 .01044 19................................................. .01367 .01329 .01293 .01259 .01227 .01196 .01167 .01140 .01113 .01088 20................................................. .01428 .01388 .01350 .01314 .01280 .01248 .01217 .01188 .01161 .01134 21................................................. .01494 .01451 .01411 .01373 .01337 .01303 .01271 .01240 .01211 .01183
[[Page 23221]]
22................................................. .01562 .01517 .01475 .01435 .01397 .01361 .01326 .01294 .01263 .01233 23................................................. .01635 .01588 .01543 .01501 .01460 .01422 .01386 .01351 .01319 .01287 24................................................. .01716 .01665 .01618 .01573 .01530 .01489 .01451 .01415 .01380 .01347 25................................................. .01804 .01751 .01701 .01653 .01608 .01565 .01524 .01485 .01448 .01413 26................................................. .01902 .01845 .01792 .01741 .01693 .01648 .01604 .01563 .01524 .01487 27................................................. .02011 .01951 .01895 .01841 .01790 .01742 .01696 .01652 .01610 .01571 28................................................. .02129 .02066 .02006 .01949 .01895 .01844 .01795 .01748 .01704 .01662 29................................................. .02258 .02191 .02127 .02067 .02009 .01955 .01903 .01853 .01806 .01762 30................................................. .02396 .02325 .02257 .02193 .02132 .02074 .02019 .01966 .01916 .01869 31................................................. .02543 .02467 .02396 .02328 .02263 .02201 .02143 .02087 .02034 .01983 32................................................. .02701 .02621 .02545 .02472 .02404 .02338 .02276 .02217 .02160 .02106 33................................................. .02871 .02786 .02706 .02629 .02556 .02487 .02420 .02357 .02297 .02240 34................................................. .03054 .02964 .02879 .02797 .02720 .02646 .02576 .02509 .02445 .02383 35................................................. .03253 .03158 .03067 .02981 .02898 .02820 .02745 .02674 .02606 .02541 36................................................. .03467 .03366 .03269 .03178 .03090 .03007 .02928 .02852 .02779 .02710 37................................................. .03697 .03590 .03488 .03391 .03298 .03209 .03125 .03044 .02967 .02893 38................................................. .03947 .03833 .03725 .03622 .03524 .03430 .03340 .03254 .03172 .03094 39................................................. .04217 .04096 .03982 .03873 .03768 .03669 .03573 .03482 .03395 .03312 40................................................. .04510 .04383 .04262 .04146 .04035 .03930 .03828 .03732 .03639 .03550 41................................................. .04830 .04695 .04567 .04445 .04327 .04215 .04108 .04005 .03907 .03812 42................................................. .05177 .05035 .04900 .04770 .04646 .04527 .04413 .04304 .04200 .04100 43................................................. .05553 .05404 .05261 .05123 .04992 .04866 .04746 .04630 .04520 .04413 44................................................. .05960 .05802 .05651 .05506 .05368 .05235 .05107 .04985 .04867 .04754 45................................................. .06395 .06229 .06069 .05917 .05770 .05630 .05495 .05365 .05241 .05121 46................................................. .06860 .06685 .06517 .06356 .06202 .06053 .05911 .05774 .05643 .05516 47................................................. .07353 .07169 .06992 .06823 .06660 .06504 .06353 .06209 .06070 .05936 48................................................. .07877 .07684 .07498 .07320 .07149 .06984 .06826 .06673 .06527 .06385 49................................................. .08433 .08231 .08036 .07849 .07669 .07495 .07329 .07168 .07013 .06864 50................................................. .09026 .08814 .08609 .08413 .08224 .08042 .07867 .07698 .07535 .07378 51................................................. .09655 .09433 .09219 .09013 .08815 .08624 .08440 .08262 .08091 .07926 52................................................. .10318 .10086 .09863 .09647 .09439 .09239 .09046 .08860 .08680 .08506 53................................................. .11017 .10774 .10541 .10315 .10098 .09888 .09686 .09491 .09302 .09120 54................................................. .11750 .11498 .11254 .11019 .10792 .10572 .10361 .10156 .09958 .09767 55................................................. .12522 .12258 .12005 .11759 .11522 .11294 .11072 .10859 .10652 .10451 56................................................. .13332 .13059 .12794 .12539 .12292 .12054 .11823 .11599 .11383 .11174 57................................................. .14183 .13899 .13624 .13359 .13102 .12853 .12613 .12380 .12154 .11936 58................................................. .15070 .14775 .14490 .14215 .13948 .13689 .13439 .13197 .12962 .12734 59................................................. .15990 .15685 .15389 .15103 .14826 .14558 .14298 .14046 .13801 .13564 60................................................. .16942 .16626 .16321 .16024 .15737 .15459 .15189 .14927 .14673 .14426 61................................................. .17929 .17603 .17287 .16981 .16684 .16395 .16115 .15844 .15580 .15324 62................................................. .18960 .18623 .18297 .17980 .17673 .17375 .17085 .16803 .16530 .16264 63................................................. .20035 .19688 .19352 .19025 .18708 .18400 .18100 .17809 .17525 .17250 64................................................. .21154 .20797 .20451 .20114 .19787 .19469 .19159 .18859 .18566 .18281 65................................................. .22318 .21951 .21595 .21249 .20912 .20584 .20265 .19955 .19652 .19358 66................................................. .23532 .23156 .22790 .22434 .22088 .21751 .21422 .21102 .20791 .20487 67................................................. .24804 .24419 .24044 .23679 .23324 .22977 .22640 .22311 .21990 .21678 68................................................. .26133 .25740 .25356 .24983 .24618 .24263 .23917 .23579 .23250 .22929 69................................................. .27516 .27114 .26723 .26341 .25969 .25605 .25251 .24905 .24567 .24237 70................................................. .28945 .28536 .28137 .27747 .27367 .26996 .26633 .26279 .25934 .25596 71................................................. .30412 .29996 .29590 .29193 .28806 .28427 .28057 .27696 .27343 .26998 72................................................. .31913 .31491 .31078 .30675 .30281 .29895 .29519 .29150 .28790 .28438 73................................................. .33444 .33016 .32597 .32188 .31788 .31396 .31013 .30638 .30271 .29913 74................................................. .35012 .34579 .34155 .33741 .33335 .32938 .32549 .32168 .31795 .31430 75................................................. .36628 .36190 .35762 .35343 .34932 .34530 .34136 .33750 .33372 .33001 76................................................. .38299 .37858 .37427 .37004 .36589 .36183 .35784 .35394 .35011 .34636 77................................................. .40028 .39585 .39151 .38725 .38307 .37898 .37496 .37103 .36716 .36337 78................................................. .41812 .41368 .40933 .40506 .40086 .39675 .39271 .38874 .38485 .38103 79................................................. .43641 .43198 .42762 .42334 .41914 .41502 .41096 .40698 .40308 .39924 80................................................. .45496 .45054 .44619 .44192 .43772 .43360 .42954 .42556 .42164 .41779 81................................................. .47360 .46920 .46487 .46061 .45643 .45231 .44827 .44429 .44038 .43653 82................................................. .49223 .48785 .48355 .47932 .47516 .47106 .46703 .46307 .45916 .45532 83................................................. .51081 .50648 .50221 .49802 .49388 .48982 .48581 .48187 .47799 .47416 84................................................. .52951 .52523 .52101 .51686 .51277 .50874 .50477 .50086 .49701 .49321 85................................................. .54847 .54425 .54009 .53600 .53196 .52798 .52406 .52019 .51638 .51262 86................................................. .56749 .56335 .55926 .55523 .55126 .54734 .54348 .53966 .53591 .53220 87................................................. .58627 .58221 .57820 .57425 .57035 .56650 .56270 .55895 .55526 .55161 88................................................. .60477 .60079 .59688 .59301 .58919 .58542 .58170 .57802 .57439 .57081 89................................................. .62297 .61909 .61527 .61149 .60776 .60408 .60044 .59685 .59330 .58979 90................................................. .64084 .63707 .63335 .62968 .62604 .62246 .61891 .61540 .61194 .60851 91................................................. .65803 .65437 .65076 .64719 .64366 .64017 .63672 .63330 .62993 .62659 92................................................. .67412 .67058 .66707 .66360 .66017 .65678 .65342 .65010 .64682 .64357 93................................................. .68911 .68567 .68227 .67890 .67557 .67227 .66901 .66578 .66258 .65942 94................................................. .70321 .69988 .69657 .69330 .69006 .68686 .68369 .68055 .67744 .67437 95................................................. .71674 .71351 .71031 .70713 .70399 .70088 .69781 .69476 .69174 .68875
[[Page 23222]]
96................................................. .72959 .72646 .72335 .72028 .71724 .71422 .71123 .70828 .70534 .70244 97................................................. .74156 .73853 .73552 .73254 .72959 .72666 .72376 .72089 .71804 .71522 98................................................. .75287 .74993 .74702 .74413 .74126 .73842 .73561 .73282 .73006 .72732 99................................................. .76401 .76117 .75834 .75555 .75277 .75002 .74730 .74459 .74191 .73926 100................................................. .77494 .77219 .76946 .76676 .76408 .76142 .75878 .75616 .75357 .75099 101................................................. .78580 .78315 .78052 .77791 .77532 .77275 .77021 .76768 .76517 .76268 102................................................. .79654 .79399 .79146 .78894 .78645 .78397 .78152 .77908 .77666 .77426 103................................................. .80724 .80479 .80236 .79994 .79755 .79517 .79280 .79046 .78813 .78582 104................................................. .81879 .81646 .81413 .81183 .80954 .80726 .80501 .80276 .80054 .79832 105................................................. .83005 .82782 .82560 .82340 .82121 .81904 .81688 .81474 .81260 .81049 106................................................. .84485 .84277 .84071 .83866 .83662 .83459 .83257 .83057 .82857 .82659 107................................................. .86311 .86124 .85937 .85751 .85566 .85382 .85199 .85017 .84835 .84655 108................................................. .89266 .89114 .88963 .88812 .88662 .88513 .88364 .88216 .88068 .87922 109................................................. .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860
Table 90 CM.--Life Table Applicable After April 30, 1999
Age x
1( x )
Age x
1( x )
Age x
1( 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.
Par. 20 Section 20.2055-2 is amended by revising paragraph (f)(4) to read as follows:
Sec. 20.2055-2 Transfers not exclusively for charitable purposes.
* * * * *
(f) * * *
(4) Other decedents. The present value of an interest not described in paragraph (f)(2) of this section is to be determined under Sec. 20.2031-7T(d) in the case of decedents where the valuation date of the gross estate is after April 30, 1999, or under Sec. 20.2031-7A in the case of decedents where the valuation date of the gross estate is before May 1, 1999. * * * * *
Par. 21. Section 20.7520-1 is amended as follows:
1. Paragraph (b)(2), last two sentences are revised.
2. Headings for paragraphs (c)(1) and (c)(2) are revised.
3. Paragraph (c)(2) introductory text is revised.
[[Page 23223]]
4. Paragraph (c)(2)(iii) is amended by removing the first two sentences and adding one sentence in their place.
5. Paragraph (d) is revised.
The revised and added provisions read as follows:
Sec. 20.7520-1 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.
* * * * *
(b) * * *
(2) * * * For decedents' estates with valuation dates after April 30, 1989, and before May 1, 1999, the mortality component table (Table 80CNSMT) is included in Sec. 20.2031-7A(e)(4). See Sec. 20.2031-7A(a) through (d) for mortality component tables applicable to decedents' estates with valuation dates before May 1, 1989.
(c) * * *
(1) Regulations sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1989, and before May 1, 1999. * * *
(2) Internal Revenue Service publications containing tables with interest rates between 2.2. and 26 percent for valuation dates after April 30, 1989, and before May 1, 1999. The following publications are no longer available from the Superintendent of Documents, however, they may be obtained from: CC:DOM:CORP:R, room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044: * * * * *
(iii) Internal Revenue Service Publication 1459, ``Actuarial Values, Gamma Volume,'' (8-89). * * *
(d) Effective date. This section applies after April 30, 1989, and before May 1, 1999.
Par. 22. Section 20.7520-1T is added to read as follows:
Sec. 20.7520-1T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).
(a)(1) [Reserved]. For further guidance, see Sec. 20.7520-1(a)1.
(2) In the case of a transfer to a pooled income fund with a valuation date after April 30, 1999, see Sec. 1.642(c)-6T(e) (or, for certain prior periods, Sec. 1.642(c)-6A) of this chapter (Income Tax Regulations) with respect to the valuation of the remainder interest.
(a)(3) through (b)(1) [Reserved]. For further guidance, see Sec. 20.7520-1(a)(3) through (b)(1).
(b)(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States Census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the mortality component tables will be published in the regulations at that time. For decedents' estates with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is included in Sec. 20.2031-7T(d)(7). See Sec. 20.2031-7A for mortality component tables applicable to decedent's estates with valuation dates before May 1, 1999.
(c) [Reserved]. For further guidance, see Sec. 20.7520-1(c).
(1) Regulation sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1999. Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in Sec. 1.642(c)-5 of this chapter. See Sec. 1.642(c)-6A of this chapter for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this chapter contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4T(e)(7) of this chapter contains Table U(1) (actuarial factors for one life). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in Sec. 1.664-3 of this chapter. See Sec. 1.664-4A of this chapter for actuarial factors for one life 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 20.2031-7T(d)(7) contains Table S (actuarial factors for one life) and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See Sec. 20.2031-7A for actuarial factors for one life and mortality components applicable to valuation dates before May 1, 1999.
(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:
(i) Internal Revenue Service Publication 1457, ``Actuarial Values, Book Aleph,'' (1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in Sec. 1.664-2 of this chapter (Income Tax Regulations) and a pooled income fund as defined in Sec. 1.642(c)-5 of this chapter.
(ii) Internal Revenue Service Publication 1458, ``Actuarial Values, Book Beth,'' (1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in Sec. 1.664-3 of this chapter.
(iii) Internal Revenue Service Publication 1459, ``Actuarial Values, Book Gimel,'' (1999). This publication includes tables for computing depreciation adjustment factors. See Sec. 1.170A-12T of this chapter.
(d) Effective date. This section applies after April 30, 1999.
PART 25--GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954
Par. 23. The authority citation for part 25 is amended by adding entries in numerical order to read in part as follows:
Authority: 26 U.S.C. 7805 * * *
Section 25.2512-5T also issued under 26 U.S.C. 7520(c)(2). * * *
Section 25.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *
Par. 24. Section 25.2512-0 is revised to read as follows:
Sec. 25.2512-0 Table of contents.
This section lists the section headings that appear in the regulations under section 2512.
Sec. 25.2512-1 Valuation of property; in general. Sec. 25.2512-2 Stocks and bonds. Sec. 25.2512-3 Valuation of interest in businesses. Sec. 25.2512-4 Valuation of notes. Sec. 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests. Sec. 25.2512-5T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary). Sec. 25.2512-6 Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.
[[Page 23224]]
Sec. 25.2512-7 Effect of excise tax. Sec. 25.2512-8 Transfers for insufficient consideration.
Actuarial Tables Applicable Before May 1, 1999
Sec. 25.2512-5A Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred before May 1, 1999.
Par. 25. Section 25.2512-5 is amended as follows:
1. The section heading is revised.
2. Paragraphs (c) and (d) are revised.
3. Paragraph (e) is revised.
The revised provisions read as follows:
Sec. 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.
* * * * *
(c) and (d) [Reserved]. For further guidance, see Sec. 25.2512- 5T(c) and (d).
(e) Effective date. This section applies after April 30, 1989, and before May 1, 1999.
Par. 26. Section 25.2512-5T is added to read as follows:
Sec. 25.2512-5T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).
(a) and (b) [Reserved]. For further guidance, see Sec. 25.2512-5(a) and (b).
(c) Actuarial valuations. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift after April 30, 1999, is determined under paragraph (d) of this section. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift before May 1, 1999, is determined under the following sections:
Transfers
Applicable regulations After
Before
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......................... 05-01-9925.2512-5A(e).
(d) Actuarial valuations after April 30, 1999--(1) In general. Except as otherwise provided in paragraph (b) of this section and Sec. 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 Secs. 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 Sec. 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 Sec. 1.642(c)-5 of this chapter, is its value determined under Sec. 1.642(c)-6T(e) of this chapter (see Sec. 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 Sec. 1.664-2(a) of this chapter, is its present value determined under Sec. 1.664-2(c) of this chapter. The fair market value of a remainder interest in a charitable remainder unitrust, as defined in Sec. 1.664-3 of this chapter, is its present value determined under Sec. 1.664-4T(e) of this chapter. The fair market value of a life interest or term for years in a charitable remainder unitrust is the fair market value of the property as of the date of transfer less the fair market value of the remainder interest, determined under Sec. 1.664-4T(e)(4) and (5) of this chapter.
(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in Sec. 20.2031-7(d) of this chapter and Table S (for one measuring life when the valuation date is after April 30, 1999) is included in Sec. 20.2031-7T(d)(7) of this chapter and Internal Revenue Service Publication 1457. See Sec. 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 Sec. 20.2031-7(d)(6) or Table S in Sec. 20.2031- 7T(d)(7) (or in Sec. 20.2031-7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 (or any other reliable source of term- of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate and the term of years or the life) in Table B (for a term of years) in Sec. 20.2031-7(d)(6) of this chapter or in Table S (for the life of one individual) in Sec. 20.2031-7T(d)(7) of this chapter, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.
(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount
[[Page 23225]]
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 Sec. 20.2031-7(d)(6) of this chapter or Table S in Sec. 20.2031-7T(d)(7) (or in Sec. 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 Sec. 20.2031-7(d)(6) of this chapter or in Table S (in the case of a one-life annuity) in Sec. 20.2031-7T(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 Sec. 20.2031-7T(d)(2)(iv) of this chapter for an example that illustrates the computation of the present value of an annuity.
(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor set forth in Table K in Sec. 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 Sec. 20.2031-7T(d)(7) of this chapter, the factor at 10.6 percent for determining the present value of a remainder interest payable at the death of an individual aged 68 is .29691. Converting the remainder factor to an annuity factor, as described above, the annuity factor for determining the present value of an annuity transferred to an individual age 68 is 6.6329 (1.00000 minus .29691 divided by .106). The adjustment factor from Table K in Sec. 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 Sec. 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 Secs. 20.2031-7(d)(6) and 20.2031-7T(d)(7) of this chapter as described in the following example:
Example. The donor transfers $100,000 into a trust and retains the right to receive an annuity from the trust in the amount of $6,000 per year, payable in equal semiannual installments at the end of each period. The semiannual installments are to be made on each June 30th and December 31st. The annuity is payable for 10 years or until the donor's prior death. At the time of the transfer, the donor is 59 years and 6 months old. The donor's age is taken as 60 for purposes of computing the present value of the retained annuity. The section 7520 rate for the month in which the transfer occurred is 9.8 percent. The present value of the donor's retained interest is $35,709.13, determined as follows:
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:
[GRAPHIC] [TIFF OMITTED] TR30AP99.007
Present value of donor's retained interest: ($6,000 x
$35,709.13 5.8126 x 1.0239).....................................
(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 Secs. 1.664-4(e)(6) and 1.664-4T(e)(7) of this chapter as described in the following example:
Example. The donor who, as of the nearest birthday, is 60 years old, transfers $100,000 to a unitrust on January 1st. The trust instrument requires that each year the trust pay to the donor, in equal semiannual installments on June 30th and December 31st, 6 percent of the fair market value of the trust assets, valued as of January 1st each year, for 10 years or until the prior death of the donor. The section 7520 rate for the January in which the transfer occurred is 9.8 percent. Under Table F(9.8) in Sec. 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:
[[Page 23226]]
(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:
[GRAPHIC] [TIFF OMITTED] TR30AP99.008
Interpolation adjustment:
[GRAPHIC] [TIFF OMITTED] TR30AP99.009
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 $40,848.00 .40848)...............................................
(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 Secs. 25.7520-1(b) and 25.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(2) of this section or Sec. 25.2512-5A(e), at the option of the donor. However, with respect to each individual transaction and with respect to all transfers occurring on the valuation date, the donor must use the same actuarial tables (e.g., gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all transfers made on 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 Sec. 20.2031- 7(d)(6) or Sec. 20.2031-7T(d)(7) of this chapter are included in Internal Revenue Service Publication 1457, ``Actuarial Values, Book Aleph,'' (1999). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. If a special factor is required in the case of a completed gift, the Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.
(e) Effective dates. This section applies after April 30, 1999.
Par. 27. The undesignated centerheading immediately following Sec. 25.2518-3 is revised to read as follows:
Actuarial Tables Applicable Before May 1, 1999
Par. 28. Section 25.2512-5A is amended by:
1. Revising the section heading.
2. Adding paragraph (e).
The revision and addition read as follows:
Sec. 25.2512-5A Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred before May 1, 1999.
* * * * *
(e) Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred after April 30, 1989, and before May 1, 1999--(1) In general. Except as otherwise provided in Secs. 25.2512-5(b) and 25.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date of the transferred interest is after April 30, 1989, and before May 1, 1999, the fair market value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in Sec. 25.2512-5T(d). Sections 20.2031-7(d)(6) and 20.2031-7A(e)(4) of this chapter and related sections provide tables with standard actuarial factors and examples that illustrate how to use the tables to compute the present value of ordinary annuity, life, and remainder interests in property. These sections also refer to standard and special actuarial factors that may be necessary to compute the present value of similar interests in more unusual fact situations. These factors and examples are also generally applicable for gift tax purposes in computing the values of taxable gifts.
(2) Transitional rule. (i) If the valuation date of a transfer of an interest in property by gift is after April 30, 1989, and before June 10, 1994, a donor can rely on Notice 89-24 (1989-1 C.B. 660), or Notice 89-60 (1989-1 C.B. 700), in valuing the transferred interest. (See Sec. 601.601(d)(2)(ii)(b) of this chapter.)
(ii) If a donor transferred an interest in property by gift after December 31, 1988, and before May 1, 1989, retaining an interest in the same property, and after April 30, 1989, and before January 1, 1990, transferred the retained interest in property, the donor may, at the option of the donor, value the transfer of the retained interest under this paragraph (e) or paragraph (d) of this section.
(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in Secs. 20.2031- 7(d)(6) and 20.2031-7A(e)(4) of this chapter are included in Internal Revenue Service Publication 1457, ``Actuarial Values, Alpha Volume,'' (8-89). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is
[[Page 23227]]
no longer available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402. However, pertinent factors in this publication may be obtained from: CC:DOM:CORP:R (IRS Publication 1457), room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of a completed gift, the Internal Revenue Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) of this chapter) and include payment of the required user fee.
Par. 29. Section 25.7520-1 is amended as follows:
1. Paragraph (b)(2), the last two sentences are revised.
2. The headings for paragraphs (c)(1) and (c)(2) are revised.
3. Paragraph (c)(2) introductory text is revised.
4. Paragraph (c)(2)(iii) is amended by removing the first two sentences and adding one sentence in their place.
5. Paragraph (d) is revised.
The revised and added provisions read as follows:
Sec. 25.7520-1 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.
* * * * *
(b) * * *
(2) * * * For gifts with valuation dates after April 30, 1989, and before May 1, 1999, the mortality component table (Table 80CNSMT) is included in Sec. 20.2031-7A(e)(4) of this chapter. See Sec. 20.2031- 7A(a) through (d) of this chapter for mortality component tables applicable to decedents' estates with valuation dates before May 1, 1989.
(c) * * *
(1) Regulations sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1989, and before May 1, 1999. * * *
(2) Internal Revenue Service publications containing tables with interest rates between 2.2. and 26 percent for valuation dates after April 30, 1989, and before May 1, 1999. The following publications are no longer available from the Superintendent of Documents, however, they may be obtained from: CC:DOM:CORP:R, room 5226, Internal Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044: * * * * *
(iii) Internal Revenue Service Publication 1459, ``Actuarial Values, Gamma Volume,'' (8-89). * * *
(d) Effective date. This section applies after April 30, 1989, and before May 1, 1999.
Par. 30. Section 25.7520-1T is added to read as follows:
Sec. 25.7520-1T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).
(a) through (b) (1) [Reserved]. For further guidance, see Sec. 25.7520-1(a) through (b)(1).
(b)(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States Census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the mortality component tables will be published in the regulations at that time. For gifts with valuation dates after April 30, 1999, the mortality component table (Table 90CM) is included in Sec. 20.2031-7T(d)(7) of this chapter. See Sec. 20.2031-7A of this chapter for mortality component tables applicable to decedent's estates with valuation dates before May 1, 1999.
(c) [Reserved]. For further guidance, see Sec. 25.7520-1(c).
(1) Regulation sections containing tables with interest rates between 4.2 and 14 percent for valuation dates after April 30, 1999. Section 1.642(c)-6T(e)(6) of this chapter contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in Sec. 1.642(c)-5 of this chapter. See Sec. 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this chapter contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4T(e)(7) of this chapter contains, Table U(1) (actuarial factors for one life). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in Sec. 1.664-3 of this chapter. See Sec. 1.664-4A for actuarial factors for one life applicable to valuation dates before May 1, 1999. Section 20.2031- 7(d)(6) of this chapter contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) of this chapter contains Table S (actuarial factors for one life) and Table 90CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See Sec. 20.2031-7A of this chapter for actuarial factors for one life and mortality components applicable to valuation dates before May 1, 1999.
(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 26 percent for valuation dates after April 30, 1999. The following documents are available for purchase from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402:
(i) Internal Revenue Service Publication 1457, ``Actuarial Values, Book Aleph,'' (1999). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in Sec. 1.664-2 of this chapter (Income Tax Regulations) and a pooled income fund as defined in Sec. 1.642(c)-5 of this chapter.
(ii) Internal Revenue Service Publication 1458, ``Actuarial Values, Book Beth,'' (1999). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in Sec. 1.664-3 of this chapter.
(iii) Internal Revenue Service Publication 1459, ``Actuarial Values, Book Gimel,'' (1999). This publication includes tables for computing depreciation adjustment factors. See Sec. 1.170A-12T of this chapter.
(d) Effective date. This section applies after April 30, 1999.
Par. 31. Section 25.7520-3 is amended as follows:
1. In paragraph (b)(2)(v), Example 5 is revised.
2. In paragraph (b)(4), the Example is revised.
The revised examples read as follows:
[[Page 23228]]
Sec. 25.7520-3 Limitation on the application of section 7520.
* * * * *
(b) * * *
(2) * * *
(v) * * *
Example 5. Eroding corpus in an annuity trust. (i) The donor, who is age 60 and in normal health, transfers property worth $1,000,000 to a trust. The trust will pay a 10 percent ($100,000 per year) annuity to a charitable organization for the life of the donor, payable annually at the end of each period, and the remainder will be distributed to the donor's child. The section 7520 rate for the month of the transfer is 6.8 percent. First, it is necessary to determine whether the annuity may exhaust the corpus before all annuity payments are made. Because it is assumed that any measuring life may survive until age 110, any life annuity could require payments until the measuring life reaches age 110. Based on a section 7520 interest rate of 6.8 percent, the determination of whether the annuity may exhaust the corpus before the annuity payments are made is computed as follows:
Age to which life annuity may continue................
110 less: Age of measuring life at date of transfer.......
60
Number of years annuity may continue................
50 Annual annuity payment................................ $100,000.00 Times: Annuity factor for 50 years derived from Table
14.1577 B....................................................
Present value of term certain annuity............. $1,415,770.00
(ii) Since the present value of an annuity for a term of 50 years exceeds the corpus, the annuity may exhaust the trust before all payments are made. Consequently, the annuity must be valued as an annuity payable for a term of years or until the prior death of the annuitant, with the term of years determined by when the fund will be exhausted by the annuity payments.
(iii) Using factors based on Table 90CM at 6.8 percent (see Sec. 20.2031-7T(d)(7) of this chapter), it is determined that the fund will be sufficient to make 17 annual payments, but not to make the entire 18th payment. Specifically, the initial corpus will be able to make payments of $67,287.26 per year for 17 years plus payments of $32,712.74 per year for 18 years. The annuity is valued by adding the value of the two separate temporary annuities.
(iv) Based on Table H of Publication 1457 (a copy of this publication may be purchased from the Superintendent of Documents, United States Government Printing Office, Washington, DC 20402), the present value of an annuity of $67,287.26 per year payable for 17 years or until the prior death of a person aged 60 is $588,016.64 ($67,287.26 x 8.7389). The present value of an annuity of $32,712.74 per year payable for 18 years or until the prior death of a person aged 60 is $292,196.74 ($32,712.74 x 8.9322). Thus, the present value of the charitable annuity interest is $880,213.38 ($588,016.64 + $292,196.74). * * * * *
(4) * * *
Example. Terminal illness. The donor transfers property worth $1,000,000 to a child in exchange for the child's promise to pay the donor $103,000 per year for the donor's life, payable annually at the end of each period. The donor is age 60 but has been diagnosed with an incurable illness and has at least a 50 percent probability of dying within 1 year. The section 7520 interest rate for the month of the transfer is 10.6 percent, and the standard annuity factor at that interest rate for a person age 60 in normal health is 7.5590. Thus, if the donor were not terminally ill, the present value of the annuity would be $778,577 ($103,000 x 7.5590). Assuming the presumption provided in paragraph (b)(3) of this section does not apply, because there is at least a 50 percent probability that the donor will die within 1 year, the standard section 7520 annuity factor may not be used to determine the present value of the donor's annuity interest. Instead, a special section 7520 annuity factor must be computed that takes into account the projection of the donor's actual life expectancy. * * * * *
Par. 32. In the list below, for each section indicated in the left column, remove the language in the middle column and add the language in the right column:
Section
Remove
Add
1.170A-6(c)(5), Example (1), 1970.............. 1971. first and last sentence. 1.170A-6(c)(5), Example (2)(a), 1970.............. .................. first sentence. 1.170A-6(c)(5), Example (3)(a), 1970.............. 1971. first, sixth, seventh and eighth sentences. 1.170A-6(c)(5), Example (3)(a), 1971.............. 1972. seventh and eighth sentences. 1.170A-6(c)(5), Example (3)(a), 1972.............. 1973. seventh and eighth sentences. 1.170A-6(c)(5), Example (3)(b), 1970.............. 1971. introductory text. 1.170A-6(c)(5), Example (3)(b), Jan. 1, 1970...... Jan. 1, 1971. Table headings. 1.170A-6(c)(5), Example (3)(b), Dec. 31, 1970..... Dec. 31, 1971. column 1 of table. 1.170A-6(c)(5), Example (3)(b), Dec. 31, 1971..... Dec. 31, 1972. column 1 of table. 1.170A-6(c)(5), Example (3)(b), Dec. 31, 1972..... Dec. 31, 1973. column 1 of table. 1.170A-6(c)(5), Example (3)(c).. 1972.............. 1973. 1.170A-6(c)(5), Example (3)(d).. 1972.............. 1973. 1.170A-12(b)(2), paragraph
Factor............ Factor before May heading.
1, 1999. 1.170A-12(b)(2), fourth sentence April 30, 1989,... April 30, 1989, and before May 1, 1999. 1.170A-12(b)(2), sixth sentence. CC:DOM:CORP:T:R... CC:DOM:CORP:R. 1.170A-12(b)(2), sixth sentence. Room 5228......... Room 5226. 1.170A-12(c), first sentence.... Paragraph (f) of Sec. 20.2031-7(d) such sections. (6) of this chapter. 1.170A-12(e)(2), following the Table 80CNSMT in Table 90CM in Sec. formula.
Sec. 20.2031-7. 20.2031-7T. 1.170A-12(e)(3), last sentence.. E:A:G............. OP:E:EP:A:1. 1.170A-14(h)(4), Example 2, December 1, 1983.. May 1, 1999. fourth sentence. 1.642(c)-A6(e)(2)(i)............ Sec. 20.2031-7(d) Sec. 20.2031-7A(e (6).
)(4). 1.664-1(a)(5)(ii)(b)(1)......... Column 2 of Table Table D in Sec. D In Sec. 1.664- 1.664-4(e)(6). 4A(d)(6). 1.664-1(a)(5)(iv), introductory (iii) of this (ii) of this text.
section:.
section.
[[Page 23229]]
1.664-1(a)(6), introductory text Sec. 1.664-4(e), Secs. 1.664-4T(e) Sec. 1.664-4(A) , 1.664-4T(e) and (d), and former 1.664-4A(d) and Sec. 1.664-4 (d) (e). (as contained in the 26 CFR part 1 edition revised as of April 1, 1994). 1.664-2(c)...................... April 30, 1989.... April 30, 1999. 1.664-2(c), sixth sentence...... Sec. 20.2031-7A(a Sec. 20.2031-7A ) through (d). (a) through (e). 1.664-2(c), sixth sentence...... May 1, 1989....... May 1, 1999. 1.664-2(c)...................... Last sentence..... 1.7520-1(a)(2).................. 1989, see Sec. 1999, see Sec. 1.642(c)-6(e). 1.642(c)-6T(e). 1.7520-1(a)(3), last sentence... (Or, for certain prior periods, Sec. 1.664-4A). 1.7520-1(c)(1), first sentence.. Section 1.642(c)- Section 1.642(c)- 6(e)(4).
6A(e)(5). 1.7520-1(c)(1), second sentence. Section 1.664- Sections 1.664- 4(e)(6) contains. 4(e)(6) and 1.664- 4A(e)(6) contain. 1.7520-1(c)(1), third sentence.. Section 20.2031- Sections 20.2031- 7(d)(6) of this 7(d)(6) and chapter (Estate 20.2031-7A(e)(4) Tax Regulations) of this contains.
chaptercontain. 20.2032-1(f)(1), fourth sentence Paragraph (d) of Sec. 20.2031-7A(d Sec. 20.2031-7(A )(4). )(d). 20.2055-2(f)(2)(iv), Example Sec. 20.2031-10(f Sec. 20.2031-7A(d (1), second sentence.
).
). 20.2055-2(f)(2)(iv) Example (2), Sec. 20.2031-10(f Sec. 20.2031-7A(d second sentence.
).
). 20.2055-2(f)(2)(iv), Example Sec. 20.2031-10(e Sec. 20.2031-7A(c (3), second sentence.
).
). 20.2055-2(f)(2)(iv), Example Sec. 20.2031-10(f Sec. 20.2031-7A(d (3), third sentence.
).
). 20.2056A-4(c)(4)(ii)(B),
Alpha Volume...... Book Aleph. penultimate sentence. 20.2056A-4(d), Example 4(iii), Alpha Volume...... Book Aleph. second sentence. 20.7520-1(a)(2)................. 1989, see Sec. 1999, see Sec. 1.642(c)-6(e). 1.642(c)-6T(e). 20.7520-1(a)(3), second sentence (Or, for certain prior periods, Sec. 1.664-4A).. 20.7520-1(c)(1), first sentence. Section 1.642(c)- Section 1.642(c)- 6(e)(4).
6A(e)(5). 20.7520-1(c)(1), second sentence Section 1.664- Sections 1.664- 4(e)(6) of this 4(e)(6) and 1.664- chapter contains. 4A(e)(6) of this chapter contain. 20.7520-1(c)(1), third sentence Section 20.2031- Sections 20.2031- 7(d)(6) contains. 7(d)(6) and 20.2031-7A(e)(4) contain. 25.7520-1(a)(2)................. 1989, see Sec. 1999, see Sec. 1.642(c)-6(e). 1.642(c)-6T(e). 25.7520-1(a)(3), last sentence.. (Or, for certain prior periods, Sec. 1.664-4A). 25.7520-1(c)(1), first sentence. Section 1.642(c)- Section 1.642(c)- 6(e)(4).
6A(e)(5). 25.7520-1(c)(1), second sentence Section 1.664- Sections 1.664- 4(e)(6) of this 4(e)(6) and 1.664- chapter contains. 4A(e)(6) of this chapter contain. 25.7520-1(c)(1), third sentence. Section 20.2031- Sections 20.2031- 7(d)(6), (Estate 7(d)(6) and Tax Regulations) 20.2031-7A(e)(4) contains.
contain.
Robert E. Wenzel, Deputy Commissioner of Internal Revenue.
Approved: April 21, 1999. Donald C. Lubick, Assistant Secretary of the Treasury.
[FR Doc. 99-10533Filed4-29-99; 8:45 am]
BILLING CODE 4830-01-U
