IRS Issues Final and Temporary Regs Revising Actuarial Tables

IRS Issues Final and Temporary Regs Revising Actuarial Tables

News story posted in Regulations on 5 May 2009| comments
audience: National Publication | last updated: 18 May 2011
Print
||
Rate:

Summary

The IRS has issued final and temporary regulations relating to the use of actuarial tables in valuing annuities, interests for life or terms of years, and remainder or reversionary interests, and establishes transitional rules for their use. These regulations will affect the valuation of inter vivos and testamentary transfers of interests dependent on one or more measuring lives and are necessary because section 7520(c)(3) directs the Secretary to update the actuarial tables to reflect the most recent mortality experience available. The text of the temporary regulations also serves as the text of the proposed regulations set forth in T.D. 9448.

 Full Text:

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

[4830-01-p]

DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1, 20, and 25

[Treasury Decision 9448]

RIN 1545-BH96; RIN 1545-BI56

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final and temporary regulations.

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

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

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

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

SUPPLEMENTARY INFORMATION:

Background

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

In General

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

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

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

                Cross Reference to Regulation Sections

 Valuation                   Interest   Regulation
 Period                        Rate      Section           Table

Section 642:

 Valuation, in general           --      1.642(c)-6
 before 01/01/52                 4%      1.642(c)-6A(a)
 01/01/52 - 12/31/70           3.5%      1.642(c)-6A(b)
 01/01/71 - 11/30/83             6%      1.642(c)-6A(c)
 12/01/83 - 04/30/89            10%      1.642(c)-6A(d)    Table G
 05/01/89 - 04/30/99         § 7520      1.642(c)-6A(e)    Table S (5/1/89 -
                                                           4/30/99)
 05/01/99 - 04/30/09         § 7520      1.642(c)-6A(f)    Table S (5/1/99 -
                                                           04/30/09)
 on or after 05/01/09        § 7520      1.642(c)-6T(e)    Table S (on or after
                                                           05/01/09)

Section 664:

 Valuation, in general           --      1.664-4
 before 01/01/52                 4%      1.664-4A(a)
 01/01/52 - 12/31/70           3.5%      1.664-4A(b)
 01/01/71 - 11/30/83             6%      1.664-4A(c)
 12/01/83 - 04/30/89            10%      1.664-4A(d)       Table E, Table F(1)
 05/01/89 - 04/30/99         § 7520      1.664-4A(e)       Table U(1) (5/1/89 -
                                                           4/30/99)
 05/01/99 - 04/30/09         § 7520      1.664-4A(f)       Table U(1) (5/1/99 -
                                                           04/30/09
 on or after 05/01/09        § 7520      1.664-4T(e)       Table U(1) (on or
                                                           after 05/01/09

                                         1.664-4(e)        Table D and Tables
                                                           F(4.2) - F(14.0)

Section 2031:

 Valuation, in general           --      20.2031-7
 before 01/01/52                 4%      20.2031-7A(a)
 01/01/52 - 12/31/70           3.5%      20.2031-7A(b)
 01/01/71 - 11/30/83             6%      20.2031-7A(c)
 12/01/83 - 04/30/89            10%      20.2031-7A(d)     Table A, Table B,
                                                           Table LN
 05/01/89 - 04/30/99         § 7520      20.2031-7A(e)     Table S (5/1/89 -
                                                           4/30/99) and Life
                                                           Table 80CNSMT
 05/01/99 - 04/30/09         § 7520      20.2031-7A(f)     Table S (5/1/99 -
                                                           5/1/09) and Life
                                                           Table 90CM
 on or after 05/01/09        § 7520      20.2031-7T(d)     Table S (on or after
                                                           05/01/09) and Life
                                                           Table 2000CM
                                         20.2031-7(d)      Table B, Table J,
                                                           Table K

Section 2512:

 Valuation, in general           --      25.2512-5
 before 01/01/52                 4%      25.2512-5A(a)
 01/01/52 - 12/31/70           3.5%      25.2512-5A(b)
 01/01/71 - 11/30/83             6%      25.2512-5A(c)
 12/01/83 - 04/30/89            10%      25.2512-5A(d)
 05/01/89 - 04/30/99         § 7520      25.2512-5A(e)
 05/01/99 - 04/30/09         § 7520      25.2512-5A(f)
 on or after 05/01/09        § 7520      25.2512-5T(d)

Effective Dates

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

Transitional Rules

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

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

Special Analyses

It has been determined that this Treasury decision is not a significant regulatory action as defined in EO 12866. Therefore, a regulatory assessment is not required. For applicability of the Regulatory Flexibility Act please refer to the cross-referenced notice of proposed rulemaking published elsewhere in this Federal Register. Pursuant to section 7805(f) of the Internal Revenue Code, these regulations have been submitted to the Chief Counsel for Advocacy of the Small Business Administration for comment on its impact on small business.

Drafting Information

The principal author of these regulations is Mayer R. Samuels, Office of the Associate Chief Counsel (Passthroughs and Special Industries), IRS. However, other personnel from the IRS and Treasury Department participated in their development.

List of Subjects

26 CFR Part 1

Income taxes, Reporting and recordkeeping requirements.

26 CFR Part 20

Estate taxes, Reporting and recordkeeping requirements.

26 CFR Part 25

Gift taxes, Reporting and recordkeeping requirements.

Adoption of Amendments to the Regulations

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

PART 1 -- INCOME TAXES

Paragraph 1. The authority citation for part 1 is amended by adding entries in numerical order to read in part as follows:

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

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

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

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

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

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

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

* * * * *

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

* * * * *

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

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

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

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

(b)(2) Computation of depreciation factor. If the valuation of the remainder interest in depreciable property is dependent upon the continuation of one life, a special factor must be used. The factor determined under this paragraph (b)(2) is carried to the fifth decimal place. The special factor is to be computed on the basis of the interest rate and life contingencies prescribed in § 20.2031-7T (or for periods before May 1, 2009, § 20.2031-7A) and on the assumption that the property depreciates on a straight-line basis over its estimated useful life. For transfers for which the valuation date is on or after May 1, 2009, special factors for determining the present value of a remainder interest following one life and an example describing the computation are contained in Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. For transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, special factors for determining the present value of a remainder interest following one life and an example describing the computation are contained in Internal Revenue Service Publication 1459, "Actuarial Values, Book Gimel," (7-99). For transfers for which the valuation date is after April 30, 1989, and before May 1, 1999, special factors for determining the present value of a remainder interest following one life and an example describing the computation are contained in Internal Revenue Service Publication 1459, "Actuarial Values, Gamma Volume," (8-89). These publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, they may be obtained by requesting a copy from: CC:PA:LPD:PR (IRS Publication 1459), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Otherwise, in the case of the valuation of a remainder interest following one life, the special factor may be obtained through use of the following formula:




Where:

n=the estimated number of years of useful life,

i=the applicable interest rate under section 7520 of the Internal Revenue Code,

v=1 divided by the sum of 1 plus the applicable interest rate under section 7520 of the Internal Revenue Code,

x=the age of the life tenant, and

lx=number of persons living at age x as set forth in Table 2000CM of § 20.2031-7T (or, for periods before May 1, 2009, the tables set forth under § 20.2031-7A).

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

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

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

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

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

1. Paragraph (d) is removed.

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

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

4. Paragraph (f) is revised.

The revisions and addition read as follows:

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

* * * * *

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

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

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

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

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

(d) Valuation. The present value of the remainder interest in property transferred to a pooled income fund on or after May 1, 2009, is determined under paragraph (e) of this section. The present value of the remainder interest in property transferred to a pooled income fund for which the valuation date is before May 1, 2009, is determined under the following sections:

     Valuation Dates
                                         Applicable
 After           Before                  Regulations

 --              01-01-52                1.642(c)-6A(a)
 12-31-51        01-01-71                1.642(c)-6A(b)
 12-31-70        12-01-83                1.642(c)-6A(c)
 11-30-83        05-01-89                1.642(c)-6A(d)
 04-30-89        05-01-99                1.642(c)-6A(e)
 04-30-99        05/01/09                1.642(c)-6A(f)

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

(2) Transitional rules for valuation of transfers to pooled income funds. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died on or after May 1, 2009, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency on or after May 1, 2009, the present value of a remainder interest is determined as if the valuation date with respect to the decedent's gross estate is either before or after May 1, 2009, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a pooled income fund for which the valuation date is on or after May 1, 2009, and before July 1, 2009, the present value of the remainder interest under this section is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(6) of this section or § 1.642(c)-6A(f)(6), at the option of the donor or the decedent's executor, as the case may be.

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

(3) Present value of a remainder interest. The present value of a remainder interest in property transferred to a pooled income fund is computed on the basis of --

(i) Life contingencies determined from the values of lx that are set forth in Table 2000CM in § 20.2031-7T(d)(7) (see § 20.2031-7A for certain prior periods); and

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

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

(5) Computation of value of remainder interest. (i) The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (e)(6) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based (See § 1.642(c)-6A for certain prior periods). The tables in paragraph (e)(6) of this section include factors for yearly rates of return from 0.2 to 14 percent. Many actuarial factors not contained in the tables in paragraph (e)(6) of this section are contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. For other situations, see § 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor.

(ii) This paragraph (e)(5) may be illustrated by the following example:

Example. A, who is 54 years and 8 months, transfers $100,000 to a pooled income fund, and retains a life income interest in the property. The highest yearly rate of return earned by the fund for its 3 preceding taxable years is 9.47 percent. In Table S, the remainder factor opposite 55 years under 9.4 percent is .16192 and under 9.6 percent is .15755. The present value of the remainder interest is $16,039.00, computed as follows:

 Factor at 9.4 percent for age 55                  .16192
 Factor at 9.6 percent for age 55                  .15755
 Difference                                        .00437

 Interpolation adjustment:

                     9.47% - 9.4%      =              x
                    ______________                ________
                          0.2%                     .00437

                                     x =           .00153

 Factor at 9.4 percent for age 55                  .16192
 Less: Interpolation adjustment                    .00153
 Interpolated factor                               .16039

 Present value of remainder interest:

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

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

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                   Interest Rate
 ---------------------------------------------------------------------------
 AGE     0.2%   0.4%   0.6%   0.8%   1.0%   1.2%   1.4%   1.6%   1.8%   2.0%
 ---------------------------------------------------------------------------
   0   .85816 .73751 .63478 .54723 .47252 .40872 .35416 .30747 .26745 .23313
   1   .85889 .73863 .63604 .54844 .47355 .40948 .35459 .30752 .26711 .23239
   2   .86054 .74145 .63968 .55260 .47802 .41409 .35922 .31209 .27155 .23664
   3   .86221 .74433 .64339 .55687 .48263 .41887 .36404 .31685 .27619 .24112
   4   .86390 .74725 .64716 .56121 .48733 .42374 .36898 .32175 .28098 .24575

   5   .86560 .75018 .65097 .56561 .49209 .42871 .37401 .32675 .28588 .25050
   6   .86731 .75314 .65482 .57006 .49692 .43375 .37913 .33186 .29090 .25538
   7   .86902 .75611 .65868 .57454 .50180 .43885 .38432 .33704 .29601 .26035
   8   .87073 .75909 .66258 .57907 .50674 .44403 .38960 .34233 .30122 .26544
   9   .87246 .76209 .66651 .58364 .51173 .44928 .39497 .34771 .30654 .27064

  10   .87419 .76511 .67046 .58826 .51679 .45459 .40042 .35319 .31197 .27596
  11   .87592 .76814 .67445 .59291 .52190 .45998 .40596 .35876 .31750 .28139
  12   .87766 .77119 .67845 .59761 .52706 .46544 .41157 .36443 .32313 .28693
  13   .87939 .77424 .68247 .60232 .53225 .47094 .41723 .37015 .32884 .29255
  14   .88112 .77728 .68649 .60704 .53746 .47646 .42293 .37592 .33460 .29823

  15   .88284 .78031 .69050 .61176 .54267 .48199 .42865 .38172 .34038 .30394
  16   .88455 .78333 .69449 .61647 .54788 .48752 .43437 .38752 .34619 .30968
  17   .88625 .78633 .69848 .62117 .55309 .49307 .44012 .39336 .35203 .31546
  18   .88795 .78933 .70246 .62588 .55830 .49863 .44589 .39923 .35791 .32129
  19   .88964 .79232 .70644 .63059 .56354 .50422 .45170 .40514 .36385 .32719

  20   .89132 .79532 .71044 .63534 .56882 .50987 .45757 .41114 .36987 .33317
  21   .89301 .79832 .71445 .64010 .57413 .51555 .46350 .41719 .37597 .33925
  22   .89470 .80133 .71847 .64488 .57947 .52129 .46948 .42332 .38216 .34541
  23   .89639 .80434 .72251 .64970 .58486 .52708 .47554 .42954 .38844 .35168
  24   .89808 .80737 .72658 .65456 .59031 .53295 .48169 .43586 .39484 .35809

  25   .89978 .81042 .73068 .65947 .59583 .53890 .48795 .44230 .40137 .36464
  26   .90149 .81349 .73482 .66443 .60141 .54494 .49430 .44886 .40804 .37134
  27   .90320 .81657 .73899 .66944 .60707 .55107 .50076 .45554 .41484 .37819
  28   .90492 .81968 .74319 .67450 .61278 .55728 .50733 .46233 .42178 .38520
  29   .90665 .82279 .74741 .67960 .61856 .56356 .51398 .46924 .42884 .39233

  30   .90837 .82591 .75165 .68473 .62438 .56990 .52070 .47623 .43601 .39959
  31   .91010 .82904 .75592 .68989 .63024 .57631 .52751 .48333 .44329 .40698
  32   .91182 .83218 .76020 .69509 .63616 .58278 .53440 .49052 .45068 .41449
  33   .91355 .83532 .76449 .70031 .64212 .58931 .54137 .49780 .45818 .42213
  34   .91527 .83847 .76880 .70556 .64811 .59589 .54839 .50516 .46578 .42988

  35   .91700 .84162 .77312 .71082 .65414 .60253 .55549 .51261 .47347 .43774
  36   .91872 .84477 .77744 .71611 .66021 .60921 .56266 .52014 .48127 .44572
  37   .92043 .84792 .78178 .72142 .66631 .61594 .56989 .52774 .48916 .45381
  38   .92215 .85107 .78613 .72675 .67244 .62272 .57718 .53544 .49715 .46201
  39   .92386 .85422 .79048 .73210 .67860 .62955 .58453 .54320 .50523 .47032

  40   .92557 .85736 .79483 .73746 .68479 .63641 .59194 .55104 .51340 .47873
  41   .92727 .86050 .79918 .74283 .69100 .64331 .59940 .55894 .52165 .48724
  42   .92896 .86364 .80354 .74820 .69723 .65024 .60690 .56691 .52998 .49585
  43   .93065 .86677 .80789 .75359 .70348 .65721 .61447 .57495 .53840 .50457
  44   .93234 .86990 .81225 .75899 .70976 .66422 .62208 .58305 .54690 .51338

  45   .93402 .87302 .81660 .76439 .71605 .67125 .62973 .59122 .55547 .52228
  46   .93569 .87613 .82095 .76980 .72236 .67832 .63743 .59945 .56413 .53129
  47   .93735 .87924 .82530 .77521 .72867 .68541 .64517 .60773 .57286 .54037
  48   .93901 .88233 .82964 .78062 .73501 .69253 .65295 .61606 .58166 .54955
  49   .94065 .88541 .83397 .78604 .74135 .69967 .66077 .62446 .59053 .55882

  50   .94229 .88849 .83830 .79145 .74771 .70684 .66864 .63292 .59949 .56819
  51   .94393 .89156 .84263 .79688 .75409 .71404 .67655 .64143 .60852 .57766
  52   .94556 .89462 .84695 .80230 .76048 .72127 .68450 .65001 .61763 .58722
  53   .94717 .89767 .85126 .80772 .76687 .72852 .69249 .65863 .62680 .59687
  54   .94878 .90070 .85555 .81313 .77326 .73577 .70050 .66730 .63603 .60658

  55   .95037 .90371 .85983 .81853 .77964 .74302 .70851 .67598 .64530 .61635
  56   .95195 .90670 .86406 .82388 .78599 .75024 .71651 .68465 .65457 .62613
  57   .95351 .90965 .86827 .82920 .79230 .75744 .72448 .69332 .66384 .63593
  58   .95505 .91257 .87243 .83447 .79857 .76459 .73242 .70195 .67309 .64573
  59   .95657 .91546 .87655 .83970 .80479 .77170 .74033 .71057 .68233 .65553

  60   .95807 .91832 .88064 .84490 .81098 .77879 .74822 .71918 .69158 .66534
  61   .95955 .92115 .88469 .85005 .81713 .78584 .75608 .72776 .70081 .67515
  62   .96101 .92395 .88869 .85515 .82323 .79283 .76388 .73630 .71001 .68494
  63   .96245 .92670 .89265 .86020 .82926 .79977 .77164 .74479 .71917 .69470
  64   .96387 .92942 .89655 .86518 .83524 .80665 .77933 .75323 .72828 .70443

  65   .96527 .93210 .90040 .87011 .84116 .81346 .78697 .76162 .73735 .71411
  66   .96665 .93476 .90423 .87502 .84706 .82027 .79461 .77002 .74645 .72385
  67   .96802 .93739 .90803 .87990 .85292 .82705 .80223 .77841 .75554 .73359
  68   .96937 .93999 .91179 .88472 .85874 .83378 .80980 .78676 .76461 .74331
  69   .97070 .94255 .91549 .88949 .86449 .84044 .81731 .79504 .77362 .75299
  70   .97200 .94506 .91914 .89419 .87016 .84702 .82473 .80326 .78256 .76260

  71   .97328 .94754 .92273 .89882 .87577 .85353 .83209 .81140 .79143 .77215
  72   .97453 .94997 .92626 .90338 .88129 .85996 .83935 .81945 .80021 .78162
  73   .97576 .95234 .92972 .90785 .88671 .86627 .84651 .82739 .80888 .79098
  74   .97695 .95466 .93310 .91223 .89202 .87247 .85353 .83518 .81741 .80019

  75   .97811 .95692 .93638 .91649 .89720 .87851 .86039 .84281 .82577 .80923
  76   .97924 .95910 .93957 .92063 .90224 .88440 .86708 .85026 .83393 .81807
  77   .98033 .96122 .94267 .92465 .90715 .89013 .87360 .85753 .84191 .82671
  78   .98138 .96327 .94567 .92855 .91190 .89571 .87995 .86461 .84968 .83515
  79   .98239 .96526 .94857 .93233 .91652 .90112 .88611 .87149 .85725 .84337

  80   .98337 .96717 .95138 .93598 .92098 .90635 .89208 .87817 .86460 .85135
  81   .98431 .96901 .95408 .93951 .92529 .91141 .89786 .88463 .87172 .85910
  82   .98521 .97077 .95667 .94290 .92944 .91629 .90344 .89088 .87861 .86660
  83   .98608 .97247 .95917 .94616 .93343 .92099 .90882 .89691 .88526 .87385
  84   .98691 .97409 .96156 .94928 .93727 .92551 .91399 .90271 .89166 .88084

  85   .98770 .97565 .96384 .95228 .94094 .92984 .91895 .90828 .89782 .88757
  86   .98845 .97713 .96602 .95514 .94446 .93398 .92371 .91362 .90373 .89402
  87   .98917 .97854 .96810 .95786 .94781 .93794 .92825 .91873 .90939 .90021
  88   .98985 .97988 .97008 .96046 .95100 .94171 .93258 .92361 .91479 .90612
  89   .99049 .98115 .97196 .96292 .95404 .94530 .93671 .92826 .91994 .91176

  90   .99110 .98235 .97373 .96526 .95691 .94871 .94062 .93267 .92484 .91713
  91   .99168 .98348 .97541 .96747 .95964 .95193 .94434 .93686 .92949 .92223
  92   .99222 .98455 .97700 .96955 .96222 .95498 .94785 .94083 .93390 .92707
  93   .99273 .98556 .97849 .97152 .96464 .95786 .95117 .94457 .93806 .93163
  94   .99321 .98651 .97989 .97337 .96692 .96057 .95429 .94810 .94199 .93595

  95   .99366 .98739 .98121 .97510 .96907 .96312 .95724 .95143 .94569 .94002
  96   .99408 .98822 .98244 .97673 .97108 .96551 .95999 .95454 .94916 .94384
  97   .99447 .98900 .98359 .97825 .97297 .96774 .96258 .95747 .95242 .94742
  98   .99483 .98973 .98467 .97967 .97473 .96984 .96500 .96021 .95547 .95078
  99   .99518 .99040 .98568 .98101 .97638 .97180 .96727 .96278 .95834 .95394

 100   .99549 .99103 .98661 .98224 .97791 .97362 .96937 .96516 .96100 .95687
 101   .99579 .99162 .98750 .98340 .97935 .97534 .97136 .96742 .96351 .95964
 102   .99607 .99217 .98831 .98448 .98068 .97692 .97319 .96950 .96583 .96220
 103   .99634 .99271 .98911 .98553 .98199 .97848 .97500 .97155 .96812 .96473
 104   .99659 .99320 .98984 .98651 .98320 .97992 .97666 .97344 .97023 .96705

 105   .99683 .99369 .99056 .98747 .98439 .98134 .97830 .97530 .97231 .96934
 106   .99713 .99429 .99146 .98865 .98586 .98309 .98033 .97760 .97488 .97218
 107   .99747 .99496 .99246 .98998 .98751 .98506 .98262 .98020 .97779 .97539
 108   .99800 .99602 .99404 .99208 .99012 .98818 .98624 .98431 .98240 .98049
 109   .99900 .99801 .99702 .99603 .99505 .99407 .99310 .99213 .99116 .99020

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     2.2%   2.4%   2.6%   2.8%   3.0%   3.2%   3.4%   3.6%   3.8%   4.0%
 ---------------------------------------------------------------------------
   0   .20365 .17830 .15648 .13767 .12144 .10741 .09528 .08476 .07564 .06772
   1   .20251 .17677 .15458 .13542 .11885 .10451 .09209 .08131 .07194 .06379
   2   .20656 .18060 .15817 .13877 .12197 .10740 .09476 .08376 .07420 .06586
   3   .21084 .18466 .16200 .14236 .12533 .11054 .09767 .08647 .07670 .06817
   4   .21527 .18888 .16600 .14613 .12887 .11385 .10076 .08935 .07938 .07066

   5   .21984 .19324 .17013 .15004 .13255 .11730 .10399 .09237 .08220 .07329
   6   .22454 .19773 .17440 .15408 .13636 .12089 .10736 .09553 .08515 .07605
   7   .22933 .20233 .17879 .15824 .14030 .12460 .11085 .09880 .08822 .07892
   8   .23425 .20705 .18330 .16254 .14436 .12844 .11447 .10221 .09142 .08193
   9   .23930 .21191 .18795 .16697 .14857 .13243 .11824 .10576 .09476 .08507

  10   .24446 .21689 .19273 .17153 .15292 .13655 .12214 .10945 .09824 .08835
  11   .24975 .22200 .19764 .17623 .15740 .14081 .12619 .11328 .10187 .09177
  12   .25515 .22724 .20268 .18107 .16202 .14521 .13037 .11724 .10563 .09533
  13   .26064 .23256 .20782 .18600 .16674 .14972 .13466 .12132 .10949 .09900
  14   .26620 .23796 .21303 .19101 .17154 .15430 .13903 .12547 .11344 .10273

  15   .27179 .24340 .21829 .19607 .17639 .15894 .14344 .12968 .11743 .10652
  16   .27742 .24887 .22358 .20117 .18128 .16361 .14790 .13391 .12145 .11034
  17   .28309 .25439 .22893 .20632 .18622 .16834 .15241 .13821 .12554 .11421
  18   .28881 .25997 .23434 .21154 .19123 .17314 .15699 .14258 .12969 .11815
  19   .29461 .26563 .23983 .21684 .19633 .17803 .16167 .14703 .13393 .12218

  20   .30050 .27139 .24543 .22226 .20156 .18304 .16646 .15161 .13829 .12633
  21   .30649 .27726 .25114 .22779 .20689 .18817 .17138 .15631 .14277 .13060
  22   .31259 .28323 .25697 .23344 .21235 .19342 .17642 .16114 .14739 .13500
  23   .31879 .28934 .26293 .23923 .21795 .19882 .18161 .16612 .15215 .13955
  24   .32515 .29559 .26904 .24519 .22372 .20440 .18699 .17128 .15710 .14429

  25   .33166 .30201 .27534 .25133 .22969 .21018 .19256 .17665 .16226 .14924
  26   .33833 .30861 .28182 .25767 .23586 .21616 .19835 .18224 .16764 .15440
  27   .34517 .31538 .28849 .26420 .24224 .22236 .20436 .18804 .17324 .15980
  28   .35217 .32233 .29535 .27093 .24882 .22877 .21058 .19407 .17907 .16542
  29   .35932 .32944 .30237 .27784 .25558 .23537 .21701 .20031 .18511 .17126

  30   .36661 .33670 .30956 .28492 .26253 .24216 .22362 .20674 .19135 .17730
  31   .37403 .34411 .31691 .29217 .26965 .24914 .23044 .21338 .19779 .18355
  32   .38160 .35167 .32442 .29960 .27697 .25631 .23745 .22022 .20445 .19002
  33   .38930 .35939 .33211 .30721 .28447 .26368 .24467 .22727 .21133 .19671
  34   .39713 .36724 .33993 .31497 .29213 .27123 .25207 .23451 .21839 .20360

  35   .40509 .37523 .34792 .32290 .29998 .27896 .25967 .24195 .22567 .21070
  36   .41318 .38337 .35606 .33100 .30800 .28688 .26746 .24961 .23317 .21803
  37   .42139 .39165 .36435 .33927 .31621 .29499 .27546 .25746 .24087 .22557
  38   .42974 .40008 .37281 .34771 .32460 .30330 .28366 .26554 .24880 .23334
  39   .43821 .40864 .38141 .35631 .33316 .31179 .29205 .27381 .25694 .24133

  40   .44679 .41734 .39016 .36507 .34189 .32046 .30064 .28229 .26529 .24954
  41   .45549 .42616 .39906 .37399 .35080 .32932 .30942 .29097 .27386 .25797
  42   .46430 .43511 .40809 .38307 .35987 .33836 .31840 .29986 .28264 .26662
  43   .47324 .44421 .41729 .39232 .36913 .34760 .32758 .30897 .29165 .27552
  44   .48229 .45343 .42663 .40172 .37857 .35702 .33697 .31829 .30088 .28465

  45   .49144 .46277 .43611 .41128 .38817 .36663 .34655 .32782 .31033 .29400
  46   .50072 .47225 .44574 .42101 .39796 .37644 .35634 .33757 .32002 .30360
  47   .51009 .48185 .45550 .43089 .40791 .38642 .36633 .34753 .32992 .31343
  48   .51958 .49158 .46540 .44093 .41803 .39660 .37652 .35770 .34006 .32351
  49   .52917 .50143 .47545 .45113 .42833 .40696 .38691 .36810 .35043 .33383

  50   .53888 .51141 .48566 .46150 .43883 .41754 .39754 .37874 .36106 .34442
  51   .54871 .52153 .49602 .47204 .44951 .42832 .40838 .38961 .37194 .35528
  52   .55865 .53179 .50653 .48276 .46038 .43931 .41945 .40073 .38307 .36641
  53   .56869 .54217 .51718 .49363 .47143 .45050 .43074 .41208 .39446 .37781
  54   .57882 .55265 .52796 .50465 .48265 .46186 .44222 .42364 .40607 .38945

  55   .58902 .56322 .53884 .51579 .49400 .47338 .45387 .43540 .41789 .40131
  56   .59926 .57383 .54978 .52701 .50544 .48501 .46565 .44729 .42987 .41335
  57   .60951 .58449 .56078 .53830 .51698 .49675 .47755 .45932 .44201 .42555
  58   .61978 .59517 .57182 .54964 .52858 .50858 .48956 .47147 .45427 .43790
  59   .63007 .60589 .58290 .56105 .54027 .52050 .50167 .48375 .46668 .45041

  60   .64039 .61665 .59405 .57254 .55205 .53253 .51392 .49617 .47925 .46310
  61   .65072 .62743 .60524 .58409 .56390 .54465 .52627 .50872 .49196 .47595
  62   .66104 .63822 .61645 .59566 .57581 .55683 .53870 .52136 .50478 .48892
  63   .67133 .64900 .62766 .60726 .58774 .56907 .55120 .53409 .51770 .50200
  64   .68161 .65977 .63887 .61887 .59970 .58134 .56375 .54688 .53071 .51519

  65   .69186 .67053 .65009 .63049 .61170 .59367 .57637 .55976 .54381 .52849
  66   .70216 .68136 .66140 .64223 .62383 .60615 .58916 .57283 .55713 .54203
  67   .71250 .69224 .67277 .65405 .63605 .61874 .60208 .58605 .57062 .55575
  68   .72283 .70312 .68416 .66590 .64833 .63140 .61509 .59938 .58423 .56963
  69   .73312 .71398 .69553 .67776 .66062 .64409 .62815 .61277 .59793 .58360
  70   .74335 .72479 .70688 .68959 .67291 .65680 .64124 .62621 .61168 .59764

  71   .75353 .73556 .71819 .70141 .68519 .66951 .65434 .63968 .62549 .61176
  72   .76364 .74626 .72945 .71318 .69744 .68220 .66745 .65317 .63933 .62593
  73   .77365 .75686 .74061 .72487 .70962 .69484 .68051 .66662 .65315 .64009
  74   .78350 .76733 .75164 .73643 .72167 .70735 .69346 .67997 .66688 .65417

  75   .79318 .77761 .76249 .74781 .73355 .71971 .70625 .69318 .68048 .66813
  76   .80266 .78769 .77314 .75899 .74524 .73187 .71886 .70621 .69390 .68192
  77   .81194 .79756 .78358 .76997 .75672 .74382 .73127 .71904 .70713 .69553
  78   .82100 .80722 .79380 .78072 .76798 .75556 .74346 .73166 .72016 .70894
  79   .82984 .81664 .80378 .79124 .77900 .76706 .75542 .74405 .73296 .72213

  80   .83843 .82582 .81351 .80149 .78976 .77830 .76711 .75618 .74550 .73507
  81   .84678 .83474 .82298 .81148 .80025 .78927 .77853 .76803 .75777 .74773
  82   .85487 .84339 .83217 .82119 .81045 .79994 .78966 .77959 .76974 .76009
  83   .86269 .85177 .84107 .83060 .82035 .81030 .80047 .79083 .78139 .77214
  84   .87024 .85986 .84968 .83970 .82993 .82035 .81095 .80174 .79271 .78385

  85   .87751 .86765 .85798 .84849 .83919 .83005 .82110 .81230 .80368 .79521
  86   .88450 .87515 .86597 .85696 .84811 .83942 .83089 .82251 .81428 .80619
  87   .89119 .88234 .87363 .86508 .85668 .84843 .84031 .83234 .82450 .81679
  88   .89760 .88922 .88099 .87289 .86492 .85708 .84938 .84180 .83434 .82700
  89   .90372 .89580 .88801 .88034 .87280 .86537 .85806 .85087 .84378 .83681

  90   .90954 .90207 .89471 .88746 .88032 .87329 .86637 .85954 .85282 .84620
  91   .91508 .90803 .90109 .89424 .88750 .88085 .87429 .86783 .86146 .85518
  92   .92033 .91369 .90714 .90068 .89432 .88803 .88184 .87572 .86969 .86374
  93   .92530 .91904 .91287 .90678 .90078 .89484 .88899 .88321 .87751 .87188
  94   .92999 .92411 .91830 .91256 .90690 .90130 .89578 .89032 .88493 .87961

  95   .93442 .92889 .92342 .91802 .91269 .90741 .90220 .89706 .89197 .88694
  96   .93858 .93338 .92824 .92316 .91813 .91316 .90825 .90340 .89859 .89385
  97   .94248 .93759 .93276 .92798 .92325 .91857 .91395 .90937 .90484 .90036
  98   .94614 .94155 .93701 .93252 .92807 .92367 .91931 .91500 .91073 .90650
  99   .94959 .94528 .94101 .93679 .93260 .92846 .92436 .92030 .91628 .91229

 100   .95278 .94874 .94473 .94075 .93682 .93292 .92906 .92523 .92144 .91769
 101   .95581 .95201 .94824 .94451 .94081 .93715 .93352 .92992 .92635 .92281
 102   .95860 .95503 .95149 .94798 .94450 .94105 .93763 .93424 .93088 .92754
 103   .96136 .95802 .95470 .95142 .94816 .94492 .94171 .93853 .93538 .93224
 104   .96390 .96077 .95766 .95458 .95152 .94848 .94547 .94248 .93951 .93657

 105   .96640 .96347 .96057 .95769 .95483 .95199 .94917 .94637 .94359 .94083
 106   .96950 .96684 .96420 .96157 .95896 .95636 .95379 .95123 .94868 .94616
 107   .97301 .97064 .96829 .96595 .96362 .96131 .95901 .95672 .95445 .95219
 108   .97859 .97670 .97482 .97295 .97109 .96923 .96739 .96555 .96373 .96191
 109   .98924 .98828 .98733 .98638 .98544 .98450 .98356 .98263 .98170 .98077

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%   5.6%   5.8%   6.0%
 ---------------------------------------------------------------------------
   0   .06083 .05483 .04959 .04501 .04101 .03749 .03441 .03170 .02931 .02721
   1   .05668 .05049 .04507 .04034 .03618 .03254 .02934 .02652 .02403 .02183
   2   .05858 .05222 .04665 .04178 .03750 .03373 .03042 .02750 .02492 .02264
   3   .06072 .05420 .04848 .04346 .03904 .03516 .03173 .02871 .02603 .02366
   4   .06303 .05634 .05046 .04530 .04075 .03674 .03319 .03006 .02729 .02483

   5   .06547 .05861 .05258 .04726 .04258 .03844 .03478 .03153 .02866 .02610
   6   .06805 .06102 .05482 .04935 .04453 .04026 .03647 .03312 .03014 .02749
   7   .07074 .06353 .05717 .05155 .04658 .04217 .03826 .03479 .03171 .02895
   8   .07356 .06617 .05964 .05386 .04875 .04421 .04017 .03658 .03338 .03053
   9   .07651 .06895 .06225 .05631 .05105 .04637 .04220 .03849 .03518 .03222

  10   .07960 .07185 .06499 .05889 .05347 .04865 .04435 .04052 .03709 .03402
  11   .08283 .07490 .06786 .06160 .05603 .05106 .04663 .04267 .03912 .03594
  12   .08620 .07808 .07087 .06444 .05871 .05360 .04903 .04494 .04127 .03798
  13   .08967 .08137 .07397 .06738 .06149 .05623 .05152 .04729 .04351 .04010
  14   .09321 .08472 .07715 .07038 .06433 .05892 .05406 .04971 .04579 .04227

  15   .09680 .08812 .08036 .07342 .06721 .06164 .05664 .05214 .04810 .04445
  16   .10041 .09154 .08360 .07649 .07011 .06438 .05923 .05459 .05041 .04664
  17   .10409 .09502 .08689 .07960 .07305 .06716 .06185 .05707 .05276 .04886
  18   .10782 .09855 .09024 .08276 .07604 .06998 .06452 .05959 .05514 .05111
  19   .11164 .10217 .09366 .08600 .07910 .07288 .06726 .06218 .05758 .05341

  20   .11559 .10592 .09721 .08937 .08228 .07589 .07010 .06487 .06012 .05582
  21   .11965 .10977 .10087 .09283 .08557 .07900 .07305 .06765 .06276 .05831
  22   .12383 .11376 .10465 .09642 .08897 .08223 .07610 .07055 .06550 .06090
  23   .12817 .11789 .10859 .10016 .09252 .08559 .07930 .07358 .06837 .06363
  24   .13270 .12221 .11270 .10408 .09625 .08914 .08267 .07678 .07141 .06651

  25   .13744 .12674 .11703 .10821 .10019 .09289 .08625 .08018 .07465 .06960
  26   .14239 .13149 .12158 .11256 .10435 .09686 .09003 .08380 .07810 .07288
  27   .14758 .13647 .12636 .11714 .10873 .10106 .09405 .08764 .08177 .07639
  28   .15300 .14169 .13137 .12195 .11335 .10549 .09829 .09171 .08567 .08012
  29   .15864 .14712 .13660 .12698 .11819 .11013 .10275 .09598 .08977 .08406

  30   .16448 .15275 .14203 .13222 .12323 .11498 .10742 .10047 .09408 .08820
  31   .17053 .15861 .14769 .13768 .12849 .12006 .11230 .10517 .09860 .09255
  32   .17680 .16468 .15357 .14336 .13398 .12535 .11741 .11009 .10335 .09712
  33   .18330 .17099 .15968 .14927 .13970 .13088 .12275 .11525 .10832 .10192
  34   .19000 .17750 .16599 .15539 .14562 .13661 .12829 .12061 .11350 .10693

  35   .19692 .18423 .17253 .16174 .15178 .14258 .13408 .12621 .11892 .11217
  36   .20407 .19119 .17931 .16833 .15818 .14879 .14009 .13204 .12457 .11764
  37   .21144 .19838 .18631 .17515 .16481 .15523 .14635 .13811 .13046 .12335
  38   .21904 .20582 .19357 .18222 .17170 .16193 .15287 .14444 .13661 .12932
  39   .22687 .21348 .20105 .18952 .17882 .16887 .15962 .15102 .14300 .13554

  40   .23493 .22137 .20878 .19707 .18619 .17606 .16663 .15784 .14965 .14201
  41   .24322 .22950 .21674 .20487 .19381 .18350 .17390 .16493 .15656 .14873
  42   .25173 .23786 .22494 .21290 .20168 .19120 .18141 .17227 .16372 .15572
  43   .26049 .24648 .23342 .22122 .20982 .19918 .18922 .17990 .17118 .16301
  44   .26950 .25535 .24214 .22979 .21824 .20742 .19730 .18781 .17892 .17057

  45   .27874 .26447 .25112 .23862 .22692 .21595 .20566 .19600 .18694 .17843
  46   .28824 .27385 .26038 .24774 .23589 .22476 .21431 .20450 .19527 .18659
  47   .29798 .28349 .26989 .25712 .24513 .23386 .22326 .21328 .20390 .19505
  48   .30797 .29338 .27967 .26678 .25466 .24325 .23250 .22238 .21283 .20383
  49   .31822 .30355 .28974 .27674 .26449 .25294 .24206 .23179 .22210 .21294

  50   .32876 .31401 .30011 .28701 .27465 .26298 .25196 .24156 .23172 .22242
  51   .33958 .32477 .31079 .29759 .28513 .27335 .26221 .25168 .24170 .23226
  52   .35068 .33582 .32178 .30851 .29595 .28407 .27282 .26216 .25206 .24249
  53   .36206 .34717 .33308 .31974 .30710 .29513 .28378 .27301 .26279 .25309
  54   .37371 .35880 .34467 .33127 .31857 .30651 .29507 .28420 .27388 .26406

  55   .38559 .37067 .35652 .34308 .33032 .31820 .30668 .29572 .28529 .27537
  56   .39765 .38275 .36859 .35512 .34232 .33014 .31855 .30751 .29699 .28697
  57   .40990 .39502 .38086 .36739 .35455 .34233 .33068 .31957 .30898 .29887
  58   .42231 .40747 .39333 .37985 .36700 .35474 .34304 .33188 .32121 .31103
  59   .43490 .42011 .40600 .39253 .37968 .36740 .35567 .34446 .33374 .32348

  60   .44768 .43296 .41890 .40546 .39261 .38033 .36858 .35733 .34656 .33625
  61   .46064 .44600 .43200 .41860 .40578 .39351 .38175 .37048 .35968 .34933
  62   .47373 .45920 .44527 .43194 .41915 .40690 .39514 .38387 .37305 .36267
  63   .48696 .47253 .45870 .44544 .43271 .42049 .40876 .39749 .38666 .37625
  64   .50030 .48601 .47229 .45911 .44645 .43428 .42258 .41133 .40051 .39010

  65   .51377 .49963 .48603 .47295 .46037 .44827 .43662 .42540 .41460 .40420
  66   .52750 .51352 .50007 .48711 .47464 .46262 .45103 .43987 .42911 .41872
  67   .54144 .52765 .51436 .50154 .48919 .47727 .46578 .45468 .44397 .43363
  68   .55554 .54196 .52885 .51619 .50398 .49218 .48079 .46978 .45915 .44887
  69   .56976 .55640 .54349 .53102 .51896 .50731 .49603 .48513 .47458 .46438
  70   .58407 .57095 .55826 .54598 .53410 .52260 .51147 .50069 .49025 .48013

  71   .59848 .58561 .57316 .56109 .54940 .53808 .52710 .51646 .50615 .49614
  72   .61294 .60035 .58815 .57632 .56484 .55371 .54291 .53243 .52225 .51237
  73   .62741 .61512 .60318 .59160 .58035 .56943 .55882 .54851 .53849 .52876
  74   .64183 .62983 .61818 .60686 .59586 .58516 .57476 .56464 .55480 .54523

  75   .65612 .64444 .63309 .62204 .61129 .60083 .59065 .58074 .57109 .56169
  76   .67026 .65891 .64786 .63710 .62661 .61640 .60646 .59676 .58731 .57810
  77   .68423 .67321 .66248 .65201 .64181 .63186 .62215 .61269 .60345 .59444
  78   .69800 .68733 .67692 .66676 .65684 .64717 .63772 .62849 .61948 .61068
  79   .71156 .70124 .69116 .68132 .67170 .66230 .65312 .64414 .63537 .62680

  80   .72487 .71490 .70516 .69563 .68632 .67721 .66830 .65959 .65106 .64272
  81   .73791 .72830 .71890 .70970 .70069 .69188 .68325 .67481 .66654 .65844
  82   .75065 .74140 .73235 .72348 .71479 .70628 .69794 .68977 .68176 .67391
  83   .76308 .75419 .74548 .73695 .72858 .72037 .71232 .70443 .69669 .68909
  84   .77516 .76664 .75828 .75008 .74203 .73413 .72638 .71877 .71130 .70396

  85   .78689 .77873 .77072 .76285 .75512 .74753 .74008 .73275 .72556 .71849
  86   .79825 .79044 .78278 .77524 .76783 .76055 .75340 .74636 .73944 .73264
  87   .80921 .80176 .79443 .78722 .78014 .77316 .76630 .75956 .75292 .74638
  88   .81978 .81268 .80569 .79880 .79203 .78536 .77880 .77234 .76598 .75971
  89   .82994 .82317 .81651 .80995 .80349 .79712 .79085 .78467 .77859 .77259

  90   .83967 .83324 .82690 .82065 .81450 .80843 .80244 .79655 .79073 .78500
  91   .84898 .84288 .83685 .83091 .82505 .81928 .81358 .80795 .80241 .79693
  92   .85787 .85208 .84636 .84072 .83515 .82966 .82423 .81888 .81360 .80838
  93   .86632 .86083 .85541 .85006 .84477 .83955 .83440 .82931 .82428 .81931
  94   .87435 .86915 .86402 .85894 .85393 .84898 .84409 .83925 .83447 .82975

  95   .88197 .87705 .87219 .86739 .86265 .85795 .85331 .84872 .84419 .83970
  96   .88915 .88451 .87991 .87537 .87088 .86643 .86203 .85768 .85338 .84912
  97   .89593 .89154 .88720 .88290 .87865 .87444 .87028 .86616 .86208 .85804
  98   .90232 .89818 .89408 .89002 .88600 .88202 .87808 .87418 .87031 .86649
  99   .90835 .90444 .90057 .89674 .89294 .88918 .88546 .88177 .87811 .87449

 100   .91397 .91028 .90663 .90301 .89942 .89587 .89234 .88885 .88539 .88196
 101   .91930 .91583 .91238 .90897 .90558 .90223 .89890 .89560 .89233 .88908
 102   .92424 .92096 .91771 .91448 .91128 .90811 .90496 .90184 .89875 .89568
 103   .92914 .92605 .92300 .91996 .91695 .91397 .91100 .90806 .90514 .90225
 104   .93364 .93074 .92786 .92501 .92217 .91935 .91656 .91379 .91103 .90830

 105   .93809 .93537 .93266 .92998 .92731 .92467 .92204 .91943 .91683 .91426
 106   .94365 .94115 .93867 .93621 .93376 .93133 .92892 .92651 .92413 .92176
 107   .94994 .94771 .94549 .94328 .94108 .93890 .93673 .93457 .93242 .93028
 108   .96010 .95830 .95651 .95472 .95295 .95118 .94942 .94767 .94593 .94420
 109   .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%   7.6%   7.8%   8.0%
 ---------------------------------------------------------------------------
   0   .02534 .02370 .02223 .02093 .01978 .01874 .01782 .01699 .01625 .01559
   1   .01989 .01817 .01664 .01528 .01406 .01298 .01202 .01115 .01037 .00967
   2   .02061 .01882 .01722 .01580 .01454 .01340 .01239 .01148 .01066 .00993
   3   .02156 .01969 .01802 .01654 .01521 .01403 .01297 .01201 .01115 .01038
   4   .02264 .02069 .01896 .01741 .01602 .01478 .01367 .01267 .01176 .01095

   5   .02383 .02180 .01999 .01838 .01693 .01563 .01446 .01341 .01246 .01161
   6   .02512 .02301 .02113 .01944 .01793 .01657 .01535 .01424 .01325 .01235
   7   .02650 .02430 .02234 .02058 .01900 .01758 .01630 .01514 .01410 .01315
   8   .02798 .02570 .02365 .02182 .02017 .01868 .01734 .01613 .01503 .01404
   9   .02957 .02720 .02507 .02316 .02143 .01988 .01848 .01721 .01606 .01502

  10   .03128 .02881 .02659 .02460 .02280 .02118 .01971 .01838 .01718 .01608
  11   .03309 .03053 .02823 .02615 .02428 .02258 .02105 .01966 .01839 .01725
  12   .03503 .03237 .02997 .02781 .02585 .02408 .02248 .02103 .01971 .01850
  13   .03704 .03428 .03179 .02954 .02750 .02565 .02398 .02246 .02108 .01982
  14   .03909 .03623 .03364 .03130 .02918 .02726 .02551 .02392 .02248 .02116

  15   .04117 .03820 .03551 .03308 .03087 .02886 .02704 .02538 .02387 .02249
  16   .04324 .04016 .03737 .03484 .03254 .03046 .02855 .02682 .02524 .02379
  17   .04533 .04214 .03924 .03661 .03422 .03205 .03007 .02826 .02661 .02509
  18   .04746 .04415 .04114 .03841 .03592 .03366 .03159 .02970 .02798 .02639
  19   .04963 .04620 .04309 .04025 .03766 .03530 .03315 .03117 .02937 .02772

  20   .05191 .04835 .04512 .04217 .03948 .03702 .03478 .03272 .03083 .02910
  21   .05427 .05058 .04723 .04416 .04137 .03881 .03647 .03432 .03235 .03054
  22   .05672 .05291 .04943 .04625 .04334 .04067 .03823 .03599 .03394 .03205
  23   .05930 .05535 .05174 .04844 .04542 .04265 .04010 .03777 .03562 .03364
  24   .06204 .05795 .05421 .05078 .04764 .04476 .04211 .03967 .03743 .03536

  25   .06497 .06074 .05687 .05331 .05005 .04705 .04429 .04174 .03940 .03724
  26   .06811 .06373 .05972 .05603 .05264 .04952 .04665 .04400 .04155 .03929
  27   .07146 .06694 .06278 .05895 .05543 .05219 .04920 .04644 .04389 .04153
  28   .07503 .07036 .06605 .06209 .05844 .05507 .05196 .04908 .04642 .04396
  29   .07881 .07398 .06953 .06542 .06163 .05814 .05490 .05191 .04913 .04656

  30   .08279 .07780 .07319 .06894 .06502 .06138 .05802 .05491 .05202 .04933
  31   .08697 .08182 .07707 .07267 .06860 .06483 .06134 .05810 .05509 .05229
  32   .09137 .08606 .08115 .07660 .07239 .06848 .06485 .06148 .05835 .05543
  33   .09601 .09053 .08546 .08075 .07639 .07234 .06858 .06508 .06182 .05878
  34   .10084 .09520 .08996 .08511 .08059 .07640 .07249 .06886 .06547 .06231

  35   .10590 .10009 .09470 .08968 .08501 .08067 .07662 .07285 .06933 .06605
  36   .11120 .10522 .09966 .09448 .08966 .08517 .08098 .07706 .07341 .06999
  37   .11674 .11059 .10486 .09952 .09454 .08990 .08556 .08150 .07771 .07416
  38   .12254 .11621 .11032 .10481 .09968 .09487 .09039 .08618 .08225 .07856
  39   .12857 .12208 .11601 .11035 .10505 .10009 .09545 .09110 .08702 .08320

  40   .13487 .12820 .12196 .11613 .11067 .10555 .10076 .09626 .09204 .08807
  41   .14142 .13458 .12817 .12217 .11655 .11127 .10632 .10167 .09730 .09319
  42   .14823 .14122 .13464 .12848 .12269 .11725 .11214 .10734 .10282 .09856
  43   .15535 .14816 .14141 .13508 .12913 .12353 .11826 .11330 .10863 .10422
  44   .16274 .15538 .14847 .14196 .13585 .13008 .12466 .11954 .11472 .11016

  45   .17042 .16290 .15581 .14914 .14286 .13694 .13135 .12608 .12110 .11640
  46   .17842 .17073 .16348 .15664 .15020 .14411 .13836 .13293 .12780 .12294
  47   .18672 .17886 .17145 .16445 .15784 .15159 .14568 .14010 .13481 .12980
  48   .19534 .18732 .17974 .17258 .16581 .15940 .15334 .14759 .14215 .13699
  49   .20429 .19612 .18838 .18106 .17413 .16757 .16134 .15544 .14984 .14453

  50   .21362 .20529 .19740 .18993 .18284 .17612 .16974 .16368 .15793 .15247
  51   .22332 .21484 .20680 .19917 .19194 .18506 .17853 .17232 .16642 .16080
  52   .23341 .22479 .21660 .20883 .20144 .19442 .18774 .18138 .17533 .16957
  53   .24388 .23513 .22681 .21889 .21136 .20419 .19737 .19087 .18467 .17876
  54   .25473 .24585 .23739 .22935 .22168 .21437 .20741 .20076 .19442 .18837

  55   .26593 .25693 .24835 .24017 .23238 .22494 .21784 .21105 .20458 .19838
  56   .27742 .26831 .25962 .25132 .24340 .23583 .22860 .22169 .21508 .20875
  57   .28922 .28001 .27121 .26280 .25476 .24707 .23971 .23267 .22593 .21947
  58   .30129 .29199 .28309 .27457 .26642 .25862 .25114 .24398 .23712 .23053
  59   .31367 .30428 .29529 .28667 .27842 .27051 .26293 .25565 .24867 .24197

  60   .32638 .31691 .30784 .29914 .29079 .28278 .27509 .26771 .26062 .25380
  61   .33940 .32987 .32073 .31195 .30352 .29542 .28763 .28015 .27295 .26603
  62   .35269 .34311 .33391 .32506 .31656 .30837 .30050 .29293 .28564 .27862
  63   .36625 .35663 .34738 .33847 .32990 .32165 .31370 .30604 .29867 .29155
  64   .38007 .37043 .36113 .35218 .34356 .33524 .32723 .31950 .31204 .30484

  65   .39417 .38451 .37519 .36620 .35753 .34917 .34110 .33330 .32577 .31850
  66   .40871 .39905 .38972 .38071 .37201 .36361 .35550 .34765 .34006 .33273
  67   .42365 .41400 .40468 .39567 .38696 .37853 .37038 .36250 .35487 .34749
  68   .43892 .42931 .42001 .41101 .40230 .39387 .38570 .37780 .37014 .36272
  69   .45450 .44493 .43567 .42670 .41800 .40958 .40141 .39350 .38582 .37837
  70   .47033 .46083 .45162 .44269 .43403 .42563 .41748 .40957 .40189 .39443

  71   .48644 .47702 .46788 .45901 .45040 .44203 .43391 .42602 .41835 .41090
  72   .50278 .49347 .48441 .47562 .46707 .45877 .45069 .44284 .43520 .42776
  73   .51930 .51010 .50115 .49245 .48399 .47575 .46774 .45994 .45234 .44494
  74   .53591 .52684 .51802 .50943 .50106 .49291 .48497 .47724 .46970 .46235

  75   .55253 .54361 .53492 .52645 .51820 .51015 .50230 .49465 .48719 .47991
  76   .56912 .56036 .55182 .54349 .53536 .52742 .51968 .51213 .50475 .49754
  77   .58565 .57706 .56868 .56050 .55251 .54471 .53708 .52964 .52236 .51525
  78   .60209 .59369 .58549 .57747 .56963 .56197 .55448 .54715 .53999 .53298
  79   .61841 .61021 .60219 .59435 .58668 .57917 .57182 .56463 .55760 .55071

  80   .63456 .62657 .61875 .61109 .60359 .59625 .58906 .58202 .57512 .56836
  81   .65050 .64273 .63512 .62766 .62034 .61318 .60616 .59927 .59252 .58590
  82   .66621 .65867 .65127 .64401 .63690 .62992 .62308 .61636 .60977 .60330
  83   .68164 .67433 .66716 .66012 .65321 .64642 .63976 .63322 .62680 .62050
  84   .69676 .68969 .68275 .67593 .66923 .66265 .65618 .64983 .64358 .63745

  85   .71154 .70472 .69801 .69141 .68493 .67856 .67229 .66613 .66007 .65412
  86   .72595 .71937 .71290 .70654 .70028 .69412 .68806 .68210 .67623 .67046
  87   .73995 .73362 .72740 .72127 .71523 .70929 .70344 .69768 .69201 .68642
  88   .75354 .74746 .74148 .73558 .72978 .72406 .71842 .71287 .70739 .70200
  89   .76668 .76085 .75511 .74945 .74387 .73837 .73295 .72761 .72234 .71714

  90   .77934 .77377 .76827 .76284 .75749 .75222 .74701 .74188 .73681 .73181
  91   .79153 .78620 .78094 .77575 .77063 .76558 .76059 .75566 .75080 .74600
  92   .80323 .79814 .79312 .78816 .78326 .77843 .77365 .76894 .76428 .75967
  93   .81440 .80956 .80477 .80004 .79536 .79074 .78618 .78166 .77721 .77280
  94   .82508 .82047 .81591 .81140 .80694 .80253 .79817 .79387 .78961 .78539

  95   .83526 .83088 .82654 .82225 .81800 .81380 .80965 .80554 .80148 .79746
  96   .84491 .84074 .83662 .83254 .82850 .82450 .82055 .81663 .81276 .80892
  97   .85405 .85009 .84617 .84230 .83846 .83466 .83089 .82717 .82348 .81982
  98   .86270 .85895 .85523 .85155 .84791 .84430 .84072 .83718 .83367 .83019
  99   .87090 .86735 .86382 .86033 .85687 .85345 .85005 .84668 .84335 .84004

 100   .87856 .87519 .87185 .86854 .86526 .86201 .85878 .85559 .85242 .84927
 101   .88587 .88268 .87952 .87638 .87327 .87019 .86713 .86409 .86109 .85810
 102   .89263 .88961 .88662 .88364 .88069 .87777 .87487 .87199 .86913 .86629
 103   .89938 .89653 .89370 .89089 .88810 .88534 .88259 .87987 .87717 .87448
 104   .90558 .90289 .90021 .89756 .89492 .89231 .88971 .88713 .88456 .88202

 105   .91170 .90916 .90664 .90413 .90164 .89917 .89672 .89428 .89186 .88945
 106   .91940 .91706 .91474 .91242 .91013 .90784 .90558 .90332 .90108 .89885
 107   .92816 .92605 .92395 .92186 .91978 .91772 .91567 .91362 .91159 .90957
 108   .94247 .94075 .93904 .93734 .93565 .93396 .93229 .93062 .92895 .92730
 109   .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%   9.6%   9.8%  10.0%
 ---------------------------------------------------------------------------
   0   .01498 .01444 .01395 .01351 .01310 .01273 .01240 .01209 .01181 .01155
   1   .00904 .00847 .00796 .00749 .00707 .00668 .00633 .00601 .00572 .00545
   2   .00926 .00866 .00812 .00763 .00718 .00677 .00640 .00606 .00575 .00547
   3   .00968 .00905 .00848 .00796 .00748 .00705 .00666 .00630 .00597 .00567
   4   .01021 .00955 .00894 .00839 .00789 .00744 .00702 .00664 .00629 .00597

   5   .01083 .01013 .00949 .00891 .00839 .00790 .00746 .00706 .00669 .00635
   6   .01153 .01080 .01012 .00951 .00895 .00844 .00798 .00755 .00715 .00679
   7   .01229 .01151 .01081 .01016 .00957 .00903 .00854 .00808 .00767 .00728
   8   .01314 .01232 .01157 .01089 .01026 .00969 .00917 .00869 .00825 .00784
   9   .01407 .01321 .01242 .01170 .01104 .01044 .00989 .00938 .00891 .00848

  10   .01509 .01418 .01335 .01259 .01190 .01126 .01068 .01014 .00965 .00919
  11   .01620 .01525 .01437 .01358 .01285 .01218 .01156 .01099 .01047 .00998
  12   .01740 .01640 .01549 .01465 .01388 .01317 .01252 .01192 .01137 .01086
  13   .01867 .01762 .01665 .01577 .01496 .01422 .01353 .01290 .01231 .01177
  14   .01995 .01885 .01784 .01691 .01606 .01527 .01455 .01389 .01327 .01270

  15   .02123 .02007 .01901 .01803 .01714 .01632 .01556 .01485 .01420 .01360
  16   .02247 .02126 .02015 .01913 .01818 .01732 .01652 .01578 .01509 .01446
  17   .02371 .02244 .02127 .02020 .01921 .01830 .01746 .01668 .01596 .01529
  18   .02494 .02361 .02239 .02126 .02022 .01926 .01838 .01756 .01680 .01610
  19   .02620 .02480 .02352 .02234 .02125 .02024 .01931 .01844 .01764 .01690

  20   .02751 .02605 .02471 .02346 .02232 .02126 .02028 .01937 .01853 .01775
  21   .02888 .02735 .02593 .02463 .02343 .02231 .02128 .02032 .01944 .01861
  22   .03030 .02870 .02722 .02585 .02458 .02341 .02233 .02132 .02038 .01951
  23   .03181 .03013 .02858 .02714 .02581 .02458 .02344 .02237 .02139 .02047
  24   .03345 .03169 .03006 .02855 .02715 .02586 .02465 .02353 .02249 .02152

  25   .03524 .03340 .03169 .03010 .02863 .02727 .02600 .02482 .02373 .02270
  26   .03720 .03527 .03348 .03181 .03027 .02884 .02750 .02626 .02510 .02402
  27   .03934 .03732 .03544 .03370 .03208 .03057 .02916 .02786 .02664 .02549
  28   .04167 .03955 .03759 .03576 .03406 .03247 .03099 .02962 .02833 .02713
  29   .04417 .04196 .03990 .03798 .03619 .03453 .03298 .03153 .03017 .02890

  30   .04684 .04452 .04237 .04036 .03848 .03674 .03510 .03358 .03215 .03081
  31   .04969 .04727 .04501 .04291 .04094 .03911 .03739 .03579 .03428 .03287
  32   .05272 .05019 .04783 .04563 .04357 .04165 .03984 .03816 .03657 .03509
  33   .05595 .05331 .05085 .04854 .04639 .04437 .04248 .04070 .03904 .03748
  34   .05936 .05661 .05403 .05162 .04936 .04725 .04527 .04341 .04166 .04001

  35   .06297 .06010 .05741 .05489 .05253 .05032 .04824 .04629 .04445 .04272
  36   .06679 .06380 .06100 .05837 .05590 .05358 .05140 .04935 .04742 .04561
  37   .07083 .06771 .06479 .06204 .05947 .05704 .05476 .05261 .05059 .04868
  38   .07511 .07186 .06881 .06595 .06326 .06072 .05834 .05609 .05397 .05196
  39   .07961 .07623 .07306 .07007 .06726 .06462 .06212 .05977 .05754 .05544

  40   .08434 .08083 .07753 .07442 .07149 .06873 .06612 .06366 .06133 .05913
  41   .08932 .08568 .08225 .07901 .07596 .07308 .07035 .06778 .06534 .06304
  42   .09455 .09077 .08720 .08384 .08066 .07766 .07481 .07213 .06958 .06717
  43   .10007 .09615 .09245 .08895 .08564 .08251 .07955 .07674 .07408 .07156
  44   .10586 .10180 .09796 .09433 .09089 .08763 .08454 .08162 .07884 .07621

  45   .11195 .10774 .10376 .09999 .09642 .09303 .08982 .08677 .08387 .08112
  46   .11835 .11400 .10987 .10596 .10225 .09873 .09539 .09222 .08920 .08633
  47   .12505 .12055 .11629 .11224 .10839 .10474 .10126 .09796 .09482 .09182
  48   .13209 .12745 .12303 .11884 .11485 .11106 .10746 .10402 .10075 .09764
  49   .13948 .13469 .13013 .12579 .12167 .11774 .11400 .11043 .10703 .10379

  50   .14727 .14233 .13762 .13314 .12887 .12481 .12093 .11723 .11370 .11033
  51   .15546 .15037 .14551 .14089 .13648 .13228 .12826 .12443 .12077 .11726
  52   .16407 .15884 .15384 .14907 .14452 .14018 .13603 .13206 .12826 .12463
  53   .17312 .16774 .16260 .15769 .15300 .14852 .14423 .14012 .13620 .13243
  54   .18259 .17707 .17179 .16674 .16191 .15729 .15286 .14862 .14456 .14067

  55   .19247 .18680 .18139 .17620 .17123 .16648 .16192 .15755 .15335 .14933
  56   .20270 .19690 .19135 .18602 .18092 .17603 .17134 .16684 .16251 .15836
  57   .21329 .20736 .20167 .19622 .19099 .18596 .18114 .17650 .17205 .16777
  58   .22422 .21816 .21235 .20677 .20140 .19625 .19130 .18653 .18195 .17754
  59   .23553 .22935 .22341 .21770 .21221 .20693 .20185 .19696 .19225 .18772

  60   .24725 .24095 .23489 .22906 .22345 .21805 .21285 .20783 .20300 .19834
  61   .25937 .25296 .24679 .24084 .23511 .22959 .22427 .21914 .21419 .20941
  62   .27185 .26534 .25906 .25300 .24716 .24153 .23609 .23084 .22577 .22088
  63   .28469 .27808 .27169 .26553 .25959 .25384 .24830 .24294 .23776 .23275
  64   .29789 .29119 .28471 .27845 .27240 .26656 .26091 .25544 .25016 .24504

  65   .31148 .30468 .29812 .29177 .28563 .27969 .27394 .26837 .26299 .25777
  66   .32564 .31877 .31213 .30570 .29948 .29345 .28761 .28195 .27647 .27115
  67   .34034 .33341 .32671 .32021 .31391 .30780 .30188 .29614 .29057 .28517
  68   .35552 .34855 .34179 .33523 .32887 .32270 .31671 .31089 .30524 .29976
  69   .37115 .36414 .35734 .35073 .34432 .33809 .33204 .32616 .32045 .31489
  70   .38719 .38016 .37332 .36668 .36023 .35396 .34786 .34193 .33616 .33054

  71   .40366 .39662 .38977 .38311 .37663 .37032 .36419 .35821 .35240 .34674
  72   .42053 .41350 .40665 .39998 .39349 .38716 .38100 .37500 .36916 .36346
  73   .43774 .43073 .42389 .41723 .41074 .40441 .39824 .39222 .38636 .38063
  74   .45519 .44821 .44140 .43476 .42829 .42197 .41580 .40979 .40391 .39818

  75   .47280 .46587 .45910 .45250 .44605 .43975 .43360 .42759 .42173 .41599
  76   .49051 .48364 .47693 .47037 .46396 .45770 .45158 .44560 .43975 .43403
  77   .50830 .50150 .49486 .48836 .48201 .47580 .46972 .46377 .45795 .45225
  78   .52613 .51942 .51286 .50644 .50015 .49400 .48797 .48208 .47630 .47064
  79   .54396 .53736 .53089 .52456 .51835 .51227 .50632 .50048 .49476 .48915

  80   .56174 .55525 .54888 .54265 .53653 .53054 .52466 .51890 .51325 .50770
  81   .57941 .57305 .56681 .56068 .55467 .54878 .54299 .53731 .53174 .52627
  82   .59696 .59073 .58461 .57861 .57272 .56693 .56125 .55566 .55018 .54480
  83   .61430 .60822 .60224 .59637 .59061 .58494 .57937 .57389 .56851 .56322
  84   .63142 .62549 .61966 .61393 .60830 .60276 .59731 .59196 .58669 .58150

  85   .64825 .64249 .63682 .63124 .62575 .62035 .61503 .60980 .60465 .59958
  86   .66477 .65918 .65367 .64825 .64291 .63765 .63248 .62738 .62236 .61741
  87   .68092 .67550 .67016 .66490 .65972 .65462 .64959 .64463 .63975 .63493
  88   .69669 .69145 .68628 .68119 .67618 .67123 .66635 .66154 .65680 .65212
  89   .71201 .70696 .70198 .69706 .69221 .68742 .68270 .67805 .67345 .66892

  90   .72688 .72201 .71721 .71246 .70779 .70317 .69861 .69411 .68966 .68528
  91   .74126 .73658 .73196 .72739 .72289 .71844 .71404 .70970 .70541 .70117
  92   .75513 .75063 .74620 .74181 .73748 .73320 .72897 .72479 .72066 .71657
  93   .76844 .76414 .75988 .75568 .75152 .74741 .74334 .73932 .73535 .73142
  94   .78123 .77711 .77303 .76901 .76502 .76108 .75718 .75332 .74951 .74573

  95   .79348 .78954 .78565 .78179 .77798 .77421 .77047 .76677 .76312 .75950
  96   .80513 .80137 .79765 .79397 .79032 .78671 .78314 .77960 .77610 .77263
  97   .81621 .81262 .80908 .80556 .80208 .79864 .79522 .79184 .78849 .78517
  98   .82674 .82333 .81995 .81660 .81328 .80999 .80673 .80351 .80031 .79713
  99   .83677 .83352 .83030 .82711 .82395 .82082 .81771 .81463 .81158 .80855

 100   .84616 .84307 .84001 .83697 .83396 .83097 .82801 .82507 .82216 .81927
 101   .85514 .85221 .84930 .84641 .84355 .84070 .83788 .83509 .83231 .82956
 102   .86348 .86069 .85792 .85517 .85245 .84974 .84706 .84439 .84175 .83912
 103   .87182 .86918 .86655 .86395 .86136 .85880 .85625 .85372 .85121 .84872
 104   .87950 .87699 .87450 .87203 .86957 .86713 .86471 .86231 .85992 .85755

 105   .88706 .88468 .88232 .87998 .87765 .87534 .87304 .87076 .86849 .86624
 106   .89664 .89444 .89225 .89008 .88792 .88577 .88364 .88152 .87941 .87731
 107   .90756 .90557 .90358 .90160 .89964 .89768 .89574 .89380 .89188 .88997
 108   .92565 .92401 .92238 .92075 .91914 .91753 .91592 .91433 .91274 .91116
 109   .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%  11.6%  11.8%  12.0%
 ---------------------------------------------------------------------------
   0   .01132 .01110 .01089 .01071 .01053 .01037 .01022 .01008 .00995 .00983
   1   .00520 .00497 .00476 .00457 .00439 .00423 .00407 .00393 .00379 .00367
   2   .00521 .00496 .00474 .00454 .00435 .00417 .00401 .00385 .00371 .00358
   3   .00539 .00513 .00490 .00468 .00447 .00429 .00411 .00395 .00380 .00366
   4   .00567 .00540 .00515 .00492 .00470 .00450 .00432 .00414 .00398 .00383

   5   .00603 .00574 .00547 .00523 .00500 .00478 .00459 .00440 .00423 .00407
   6   .00646 .00615 .00587 .00560 .00536 .00513 .00492 .00472 .00453 .00436
   7   .00693 .00660 .00630 .00602 .00576 .00551 .00529 .00508 .00488 .00469
   8   .00747 .00712 .00680 .00650 .00622 .00596 .00572 .00549 .00528 .00509
   9   .00808 .00771 .00737 .00705 .00675 .00648 .00622 .00598 .00576 .00555

  10   .00877 .00838 .00801 .00767 .00736 .00707 .00679 .00654 .00630 .00608
  11   .00954 .00912 .00873 .00838 .00804 .00773 .00744 .00717 .00692 .00668
  12   .01038 .00994 .00953 .00915 .00880 .00847 .00816 .00788 .00761 .00735
  13   .01127 .01081 .01038 .00998 .00960 .00925 .00893 .00862 .00833 .00806
  14   .01217 .01168 .01122 .01080 .01040 .01003 .00969 .00937 .00906 .00878

  15   .01305 .01253 .01205 .01160 .01118 .01079 .01042 .01008 .00976 .00946
  16   .01387 .01333 .01282 .01234 .01190 .01149 .01110 .01074 .01040 .01009
  17   .01467 .01409 .01356 .01306 .01259 .01216 .01175 .01137 .01101 .01067
  18   .01544 .01484 .01427 .01374 .01325 .01279 .01236 .01195 .01157 .01122
  19   .01621 .01557 .01497 .01442 .01390 .01341 .01295 .01253 .01213 .01175

  20   .01702 .01634 .01571 .01512 .01457 .01406 .01357 .01312 .01270 .01230
  21   .01784 .01713 .01646 .01584 .01526 .01471 .01420 .01372 .01327 .01285
  22   .01870 .01794 .01724 .01658 .01596 .01539 .01485 .01434 .01386 .01342
  23   .01961 .01881 .01807 .01737 .01672 .01611 .01554 .01500 .01449 .01402
  24   .02062 .01977 .01899 .01825 .01756 .01691 .01630 .01573 .01520 .01469

  25   .02175 .02085 .02002 .01924 .01851 .01782 .01718 .01657 .01600 .01547
  26   .02301 .02207 .02119 .02036 .01958 .01886 .01817 .01753 .01692 .01635
  27   .02443 .02343 .02250 .02162 .02080 .02003 .01930 .01862 .01798 .01737
  28   .02600 .02495 .02396 .02303 .02216 .02134 .02057 .01985 .01916 .01852
  29   .02771 .02660 .02555 .02457 .02365 .02278 .02197 .02120 .02047 .01979

  30   .02956 .02838 .02728 .02624 .02526 .02434 .02348 .02266 .02189 .02116
  31   .03155 .03031 .02914 .02804 .02701 .02604 .02512 .02425 .02344 .02266
  32   .03370 .03239 .03115 .02999 .02890 .02787 .02690 .02598 .02511 .02429
  33   .03601 .03463 .03333 .03210 .03095 .02985 .02883 .02785 .02693 .02606
  34   .03847 .03701 .03564 .03434 .03312 .03197 .03088 .02985 .02887 .02795

  35   .04109 .03956 .03811 .03675 .03546 .03424 .03308 .03199 .03096 .02998
  36   .04390 .04228 .04076 .03932 .03795 .03667 .03545 .03429 .03320 .03216
  37   .04688 .04518 .04358 .04206 .04062 .03926 .03798 .03676 .03560 .03450
  38   .05007 .04829 .04660 .04500 .04349 .04205 .04069 .03940 .03818 .03701
  39   .05346 .05158 .04981 .04812 .04653 .04502 .04358 .04222 .04092 .03969

  40   .05705 .05508 .05321 .05144 .04976 .04817 .04666 .04522 .04385 .04255
  41   .06086 .05879 .05683 .05497 .05320 .05152 .04993 .04841 .04697 .04559
  42   .06488 .06271 .06066 .05870 .05684 .05508 .05340 .05180 .05028 .04882
  43   .06917 .06690 .06474 .06269 .06074 .05888 .05711 .05543 .05382 .05229
  44   .07370 .07132 .06906 .06691 .06486 .06291 .06105 .05928 .05759 .05598

  45   .07850 .07602 .07365 .07139 .06924 .06719 .06524 .06338 .06160 .05990
  46   .08360 .08100 .07852 .07616 .07390 .07176 .06970 .06775 .06587 .06409
  47   .08897 .08626 .08367 .08120 .07884 .07659 .07443 .07238 .07041 .06853
  48   .09466 .09183 .08912 .08654 .08407 .08172 .07946 .07730 .07524 .07326
  49   .10069 .09774 .09492 .09222 .08964 .08717 .08481 .08255 .08038 .07831

  50   .10711 .10403 .10109 .09827 .09558 .09300 .09053 .08816 .08589 .08371
  51   .11392 .11072 .10765 .10472 .10191 .09921 .09663 .09415 .09178 .08950
  52   .12116 .11783 .11464 .11159 .10866 .10585 .10315 .10057 .09808 .09569
  53   .12883 .12538 .12206 .11889 .11584 .11291 .11010 .10740 .10481 .10231
  54   .13694 .13336 .12992 .12662 .12345 .12041 .11748 .11467 .11196 .10936

  55   .14547 .14176 .13820 .13478 .13149 .12832 .12528 .12235 .11953 .11682
  56   .15437 .15054 .14685 .14330 .13989 .13661 .13345 .13040 .12747 .12464
  57   .16365 .15969 .15588 .15221 .14868 .14527 .14199 .13883 .13578 .13284
  58   .17330 .16921 .16528 .16149 .15783 .15431 .15091 .14763 .14447 .14141
  59   .18335 .17914 .17508 .17117 .16739 .16375 .16023 .15684 .15356 .15039

  60   .19385 .18952 .18534 .18131 .17741 .17365 .17001 .16650 .16311 .15982
  61   .20480 .20035 .19605 .19189 .18788 .18400 .18025 .17662 .17311 .16971
  62   .21615 .21158 .20717 .20290 .19877 .19477 .19090 .18716 .18354 .18003
  63   .22791 .22323 .21870 .21431 .21007 .20596 .20198 .19812 .19439 .19077
  64   .24009 .23530 .23066 .22616 .22181 .21758 .21349 .20953 .20568 .20195

  65   .25271 .24781 .24306 .23846 .23400 .22967 .22547 .22139 .21744 .21360
  66   .26600 .26100 .25615 .25145 .24688 .24245 .23814 .23396 .22990 .22596
  67   .27992 .27483 .26989 .26509 .26043 .25590 .25150 .24722 .24306 .23901
  68   .29443 .28926 .28423 .27934 .27459 .26997 .26548 .26110 .25685 .25271
  69   .30950 .30424 .29914 .29417 .28934 .28463 .28005 .27559 .27125 .26703
  70   .32508 .31976 .31459 .30955 .30464 .29986 .29520 .29067 .28625 .28194

  71   .34122 .33585 .33062 .32552 .32054 .31570 .31097 .30637 .30187 .29749
  72   .35790 .35249 .34721 .34205 .33703 .33213 .32734 .32268 .31812 .31367
  73   .37505 .36960 .36428 .35909 .35403 .34908 .34425 .33953 .33492 .33042
  74   .39258 .38711 .38177 .37655 .37145 .36647 .36160 .35684 .35219 .34764

  75   .41039 .40491 .39956 .39432 .38921 .38420 .37931 .37452 .36983 .36525
  76   .42843 .42296 .41760 .41236 .40724 .40222 .39731 .39250 .38779 .38318
  77   .44668 .44122 .43588 .43065 .42552 .42050 .41559 .41077 .40605 .40143
  78   .46510 .45967 .45435 .44914 .44403 .43902 .43411 .42930 .42458 .41995
  79   .48365 .47826 .47298 .46780 .46271 .45773 .45284 .44804 .44333 .43871

  80   .50226 .49693 .49169 .48655 .48150 .47655 .47169 .46692 .46224 .45763
  81   .52090 .51562 .51044 .50536 .50036 .49546 .49064 .48590 .48125 .47668
  82   .53951 .53431 .52920 .52418 .51924 .51439 .50963 .50494 .50033 .49580
  83   .55802 .55291 .54788 .54294 .53808 .53329 .52859 .52396 .51941 .51493
  84   .57640 .57139 .56645 .56159 .55681 .55210 .54747 .54291 .53843 .53401

  85   .59459 .58968 .58484 .58008 .57539 .57077 .56623 .56175 .55733 .55298
  86   .61254 .60774 .60302 .59836 .59377 .58925 .58479 .58040 .57607 .57180
  87   .63019 .62551 .62090 .61635 .61187 .60745 .60309 .59880 .59456 .59038
  88   .64751 .64296 .63847 .63405 .62968 .62537 .62112 .61693 .61279 .60871
  89   .66444 .66003 .65567 .65137 .64712 .64293 .63880 .63471 .63068 .62670

  90   .68094 .67667 .67244 .66827 .66415 .66009 .65607 .65210 .64818 .64431
  91   .69699 .69285 .68877 .68473 .68074 .67680 .67291 .66906 .66526 .66150
  92   .71254 .70855 .70460 .70071 .69685 .69304 .68928 .68555 .68187 .67823
  93   .72753 .72369 .71989 .71613 .71242 .70874 .70510 .70150 .69794 .69442
  94   .74200 .73830 .73464 .73103 .72745 .72390 .72040 .71693 .71350 .71010

  95   .75591 .75236 .74885 .74538 .74194 .73853 .73516 .73182 .72851 .72524
  96   .76920 .76580 .76243 .75909 .75579 .75252 .74928 .74607 .74289 .73974
  97   .78188 .77863 .77540 .77220 .76904 .76590 .76279 .75971 .75665 .75363
  98   .79399 .79088 .78779 .78473 .78170 .77869 .77571 .77276 .76983 .76693
  99   .80555 .80257 .79962 .79670 .79380 .79092 .78807 .78525 .78244 .77966

 100   .81641 .81357 .81075 .80796 .80518 .80243 .79971 .79700 .79432 .79165
 101   .82683 .82412 .82144 .81877 .81612 .81350 .81089 .80831 .80574 .80320
 102   .83652 .83394 .83137 .82882 .82630 .82379 .82130 .81883 .81637 .81394
 103   .84624 .84379 .84135 .83892 .83652 .83413 .83176 .82941 .82707 .82475
 104   .85519 .85285 .85053 .84822 .84593 .84365 .84139 .83915 .83692 .83470

 105   .86400 .86178 .85957 .85737 .85519 .85302 .85087 .84873 .84660 .84449
 106   .87523 .87316 .87110 .86905 .86702 .86500 .86299 .86099 .85900 .85703
 107   .88806 .88617 .88429 .88242 .88055 .87870 .87686 .87502 .87320 .87139
 108   .90958 .90802 .90646 .90490 .90336 .90182 .90028 .89876 .89724 .89573
 109   .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%  13.6%  13.8%  14.0%
 ---------------------------------------------------------------------------
   0   .00972 .00961 .00951 .00941 .00932 .00924 .00916 .00908 .00901 .00894
   1   .00355 .00345 .00334 .00325 .00316 .00307 .00299 .00292 .00285 .00278
   2   .00346 .00334 .00323 .00313 .00303 .00294 .00286 .00278 .00270 .00263
   3   .00353 .00340 .00329 .00318 .00307 .00298 .00289 .00280 .00272 .00264
   4   .00369 .00356 .00343 .00332 .00321 .00310 .00300 .00291 .00283 .00274

   5   .00392 .00377 .00364 .00352 .00340 .00329 .00318 .00308 .00299 .00290
   6   .00420 .00405 .00391 .00377 .00365 .00353 .00342 .00331 .00321 .00311
   7   .00452 .00436 .00421 .00406 .00393 .00380 .00368 .00357 .00346 .00336
   8   .00490 .00473 .00457 .00441 .00427 .00413 .00400 .00388 .00376 .00365
   9   .00535 .00517 .00499 .00483 .00467 .00453 .00439 .00426 .00413 .00402

  10   .00587 .00567 .00548 .00531 .00514 .00499 .00484 .00470 .00456 .00444
  11   .00645 .00624 .00605 .00586 .00568 .00551 .00536 .00521 .00506 .00493
  12   .00711 .00689 .00668 .00648 .00629 .00611 .00595 .00579 .00563 .00549
  13   .00781 .00757 .00735 .00714 .00694 .00675 .00657 .00640 .00624 .00609
  14   .00851 .00826 .00802 .00780 .00759 .00739 .00720 .00702 .00684 .00668

  15   .00918 .00891 .00866 .00842 .00820 .00799 .00779 .00759 .00741 .00724
  16   .00979 .00950 .00924 .00899 .00875 .00853 .00832 .00811 .00792 .00774
  17   .01035 .01006 .00978 .00951 .00926 .00902 .00880 .00859 .00838 .00819
  18   .01088 .01057 .01027 .00999 .00973 .00948 .00924 .00901 .00880 .00860
  19   .01139 .01106 .01075 .01045 .01017 .00990 .00965 .00942 .00919 .00898

  20   .01192 .01157 .01124 .01092 .01063 .01035 .01008 .00983 .00959 .00936
  21   .01245 .01208 .01173 .01139 .01108 .01078 .01050 .01023 .00998 .00974
  22   .01300 .01260 .01222 .01187 .01154 .01122 .01092 .01064 .01037 .01011
  23   .01357 .01315 .01275 .01238 .01202 .01168 .01137 .01106 .01078 .01051
  24   .01422 .01377 .01334 .01294 .01257 .01221 .01187 .01155 .01124 .01095

  25   .01496 .01448 .01403 .01361 .01320 .01282 .01246 .01212 .01180 .01149
  26   .01582 .01531 .01483 .01438 .01395 .01354 .01316 .01279 .01244 .01211
  27   .01680 .01626 .01575 .01527 .01481 .01437 .01396 .01357 .01320 .01285
  28   .01791 .01734 .01679 .01628 .01579 .01533 .01489 .01447 .01408 .01370
  29   .01914 .01853 .01795 .01740 .01688 .01639 .01592 .01548 .01505 .01465

  30   .02048 .01982 .01921 .01862 .01807 .01754 .01704 .01657 .01612 .01569
  31   .02193 .02124 .02058 .01996 .01937 .01881 .01828 .01777 .01729 .01683
  32   .02351 .02278 .02208 .02142 .02079 .02019 .01962 .01908 .01857 .01808
  33   .02523 .02445 .02371 .02300 .02234 .02170 .02109 .02052 .01997 .01944
  34   .02707 .02624 .02545 .02470 .02399 .02331 .02267 .02205 .02146 .02091

  35   .02905 .02817 .02733 .02653 .02577 .02505 .02436 .02371 .02308 .02249
  36   .03117 .03024 .02935 .02850 .02769 .02693 .02619 .02550 .02483 .02419
  37   .03345 .03246 .03151 .03061 .02976 .02894 .02816 .02742 .02671 .02603
  38   .03590 .03485 .03385 .03289 .03198 .03112 .03029 .02950 .02874 .02802
  39   .03852 .03740 .03634 .03533 .03436 .03344 .03256 .03172 .03092 .03015

  40   .04131 .04013 .03900 .03793 .03690 .03593 .03499 .03410 .03324 .03242
  41   .04428 .04303 .04184 .04070 .03962 .03858 .03759 .03664 .03573 .03486
  42   .04744 .04612 .04486 .04366 .04250 .04140 .04035 .03934 .03838 .03745
  43   .05083 .04943 .04810 .04683 .04561 .04444 .04333 .04226 .04123 .04025
  44   .05443 .05296 .05155 .05021 .04892 .04768 .04650 .04537 .04428 .04324

  45   .05827 .05672 .05523 .05381 .05245 .05114 .04989 .04869 .04754 .04643
  46   .06237 .06074 .05917 .05767 .05623 .05485 .05352 .05225 .05103 .04986
  47   .06673 .06500 .06335 .06177 .06025 .05879 .05739 .05605 .05475 .05351
  48   .07137 .06955 .06781 .06614 .06454 .06300 .06152 .06010 .05874 .05742
  49   .07632 .07441 .07258 .07082 .06913 .06750 .06595 .06444 .06300 .06161

  50   .08162 .07962 .07769 .07584 .07407 .07236 .07071 .06913 .06760 .06614
  51   .08731 .08520 .08318 .08124 .07937 .07757 .07583 .07416 .07256 .07101
  52   .09340 .09119 .08907 .08703 .08507 .08317 .08135 .07959 .07790 .07627
  53   .09991 .09760 .09538 .09324 .09118 .08919 .08728 .08543 .08365 .08193
  54   .10685 .10443 .10211 .09987 .09771 .09562 .09361 .09167 .08980 .08799

  55   .11420 .11168 .10925 .10690 .10464 .10246 .10035 .09832 .09635 .09445
  56   .12191 .11928 .11675 .11430 .11193 .10965 .10745 .10531 .10325 .10126
  57   .13001 .12727 .12462 .12207 .11960 .11721 .11491 .11268 .11052 .10843
  58   .13846 .13561 .13286 .13020 .12762 .12513 .12273 .12040 .11814 .11595
  59   .14732 .14436 .14150 .13873 .13605 .13346 .13095 .12851 .12616 .12388

  60   .15665 .15358 .15060 .14772 .14494 .14224 .13962 .13709 .13463 .13225
  61   .16642 .16324 .16016 .15717 .15428 .15147 .14875 .14611 .14355 .14107
  62   .17663 .17333 .17014 .16704 .16404 .16113 .15830 .15556 .15290 .15031
  63   .18726 .18385 .18055 .17734 .17423 .17121 .16828 .16544 .16267 .15999
  64   .19833 .19481 .19140 .18809 .18487 .18175 .17871 .17576 .17289 .17010

  65   .20987 .20624 .20273 .19931 .19598 .19275 .18961 .18656 .18358 .18069
  66   .22213 .21840 .21478 .21125 .20783 .20449 .20125 .19809 .19501 .19202
  67   .23508 .23125 .22753 .22390 .22037 .21694 .21360 .21034 .20716 .20407
  68   .24868 .24476 .24094 .23722 .23359 .23006 .22662 .22327 .22000 .21681
  69   .26291 .25889 .25498 .25117 .24745 .24383 .24030 .23685 .23349 .23020
  70   .27773 .27364 .26964 .26574 .26194 .25823 .25461 .25107 .24762 .24425

  71   .29321 .28904 .28496 .28099 .27710 .27331 .26961 .26599 .26246 .25900
  72   .30933 .30508 .30094 .29689 .29294 .28907 .28530 .28160 .27799 .27446
  73   .32602 .32171 .31751 .31340 .30938 .30545 .30160 .29784 .29416 .29056
  74   .34319 .33884 .33458 .33042 .32634 .32236 .31845 .31463 .31089 .30723

  75   .36076 .35637 .35207 .34786 .34374 .33970 .33575 .33188 .32808 .32437
  76   .37867 .37425 .36991 .36567 .36151 .35744 .35344 .34953 .34569 .34192
  77   .39690 .39245 .38810 .38383 .37964 .37554 .37151 .36756 .36369 .35989
  78   .41541 .41096 .40659 .40231 .39811 .39398 .38993 .38596 .38206 .37823
  79   .43418 .42973 .42536 .42107 .41686 .41272 .40866 .40467 .40075 .39691

  80   .45311 .44868 .44432 .44003 .43582 .43169 .42763 .42363 .41971 .41585
  81   .47219 .46777 .46343 .45916 .45497 .45084 .44679 .44280 .43888 .43502
  82   .49135 .48696 .48265 .47841 .47424 .47014 .46610 .46213 .45822 .45437
  83   .51052 .50618 .50191 .49771 .49357 .48950 .48549 .48154 .47766 .47383
  84   .52966 .52537 .52115 .51700 .51291 .50887 .50490 .50099 .49714 .49334

  85   .54870 .54448 .54032 .53622 .53218 .52820 .52428 .52041 .51660 .51284
  86   .56759 .56344 .55935 .55532 .55135 .54742 .54356 .53974 .53598 .53227
  87   .58626 .58219 .57818 .57422 .57031 .56646 .56266 .55891 .55521 .55155
  88   .60468 .60070 .59677 .59290 .58907 .58529 .58157 .57788 .57425 .57066
  89   .62277 .61888 .61505 .61126 .60753 .60383 .60018 .59658 .59302 .58950

  90   .64048 .63670 .63296 .62927 .62563 .62202 .61846 .61494 .61146 .60803
  91   .65778 .65411 .65048 .64689 .64334 .63983 .63636 .63293 .62954 .62619
  92   .67462 .67106 .66754 .66406 .66061 .65720 .65383 .65050 .64720 .64393
  93   .69094 .68749 .68408 .68071 .67737 .67406 .67079 .66756 .66435 .66118
  94   .70673 .70340 .70011 .69685 .69362 .69042 .68725 .68412 .68102 .67794

  95   .72199 .71878 .71560 .71246 .70934 .70625 .70319 .70016 .69716 .69419
  96   .73662 .73353 .73047 .72743 .72443 .72145 .71850 .71557 .71268 .70981
  97   .75063 .74766 .74471 .74180 .73890 .73604 .73319 .73038 .72758 .72482
  98   .76405 .76120 .75837 .75557 .75279 .75003 .74730 .74459 .74190 .73923
  99   .77690 .77417 .77146 .76877 .76610 .76345 .76083 .75822 .75564 .75308

 100   .78901 .78639 .78379 .78121 .77866 .77612 .77360 .77110 .76862 .76616
 101   .80067 .79816 .79568 .79321 .79076 .78832 .78591 .78351 .78114 .77877
 102   .81152 .80912 .80674 .80438 .80203 .79970 .79738 .79508 .79280 .79054
 103   .82245 .82016 .81789 .81563 .81339 .81116 .80895 .80676 .80458 .80241
 104   .83250 .83031 .82814 .82599 .82384 .82171 .81960 .81750 .81541 .81334

 105   .84239 .84030 .83823 .83617 .83412 .83209 .83006 .82806 .82606 .82407
 106   .85507 .85311 .85117 .84924 .84733 .84542 .84352 .84164 .83976 .83790
 107   .86958 .86779 .86600 .86422 .86246 .86070 .85895 .85721 .85548 .85376
 108   .89422 .89272 .89123 .88974 .88826 .88679 .88533 .88386 .88241 .88096
 109   .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860

(f) Effective/applicability date. This section applies on or after May 1, 2009.

(g) Expiration date. This section expires on or before May 1, 2012.

Par. 6. The undesignated center heading immediately preceding § 1.642(c)-6A is revised to read as follows:


Pooled Income Fund Actuarial Tables
Applicable Before May 1, 2009

Par. 7. Section 1.642(c)-6A is amended by:

1. Revising the section heading.

2. Amending newly-designated paragraph (f) as follows:

a. Paragraph (f) heading is revised.

b. Paragraphs (f)(1), (f)(2), (f)(3), (f)(4), and (f)(5) are revised.

c. The introductory text in paragraph (f)(6) and the heading preceding Table S is are revised.

d. Paragraph (f)(7) is added.

The revisions and addition read as follows:

§ 1.642(c)-6A Valuation of charitable remainder interests for which the valuation date is before May 1, 2009.

* * * * *

(f) Present value of the remainder interest in the case of transfers to pooled income funds for which the valuation date is after April 30, 1999, and before May 1, 2009 -- (1) In general. In the case of transfers to pooled income funds for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a remainder interest is determined under this section. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). The present value of a remainder interest that is dependent on the termination of the life of one individual is computed by the use of Table S in paragraph (f)(6) of this section. For purposes of the computations under this section, the age of an individual is the age at the individual's nearest birthday.

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

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

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

(3) Present value of a remainder interest. The present value of a remainder interest in property transferred to a pooled income fund is computed on the basis of --

(i) Life contingencies determined from the values of lx that are set forth in Table 90CM in § 20.2031-7A(f)(4); and

(ii) Discount at a rate of interest, compounded annually, equal to the highest yearly rate of return of the pooled income fund for the 3 taxable years immediately preceding its taxable year in which the transfer of property to the fund is made. The provisions of § 1.642(c)-6(c) apply for determining the yearly rate of return. However, where the taxable year is less than 12 months, the provisions of § 1.642(c)-6T(e)(3)(ii) apply for the determining the yearly rate of return.

(4) Pooled income funds in existence less than 3 taxable years. The provisions of § 1.642(c)-6T(e)(4) apply for determining the highest yearly rate of return when the pooled income fund has been in existence less than three taxable years.

(5) Computation of value of remainder interest. The factor that is used in determining the present value of a remainder interest that is dependent on the termination of the life of one individual is the factor from Table S in paragraph (f)(6) of this section under the appropriate yearly rate of return opposite the number that corresponds to the age of the individual upon whose life the value of the remainder interest is based. Table S in paragraph (f)(6) of this section includes factors for yearly rates of return from 4.2 to 14 percent. Many actuarial factors not contained in Table S in paragraph (f)(6) of this section are contained in Table S in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-99). Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained by a written request to: CC:PA:LPD:PR (IRS Publication 1457), Room 5205, Internal Revenue Service, P.O. Box 7604, Ben Franklin Station, Washington, DC 20044. For other situations, see § 1.642(c)-6(b). If the yearly rate of return is a percentage that is between the yearly rates of return for which factors are provided, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the fair market value of the property on the valuation date by the appropriate remainder factor. For an example of a computation of the present value of a remainder interest requiring a linear interpolation adjustment, see § 1.642(c)-6T(e)(5).

(6) Actuarial tables. In the case of transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a remainder interest dependent on the termination of one life in the case of a transfer to a pooled income fund is determined by use of the following tables:


TABLE S. -- BASED ON LIFE TABLE 90CM SINGLE LIFE REMAINDER FACTORS
[Applicable After April 30, 1999, and Before May 1, 2009]

* * * * *

(7) Effective/applicability dates. Paragraphs (f)(1) through (f)(6) apply after April 30, 1999, and before May 1, 2009.

Par. 8. Section 1.664-2 is amended by revising paragraph (c) and adding paragraph (e) to read as follows:

§ 1.664-2 Charitable remainder annuity trust.

* * * * *

(c) Calculation of the fair market value of the remainder interest of a charitable remainder annuity trust. For purposes of sections 170, 2055, 2106, and 2522, the fair market value of the remainder interest of a charitable remainder annuity trust (as described in this section) is the net fair market value (as of the appropriate valuation date) of the property placed in trust less the present value of the annuity. For purposes of this section, valuation date means, in general, the date on which the property is transferred to the trust by the donor regardless of when the trust is created. In the case of transfers to a charitable remainder annuity trust for which the valuation date is after April 30, 1999, if an election is made under section 7520 and § 1.7520-2(b) to compute the present value of the charitable interest by use of the interest rate component for either of the 2 months preceding the month in which the transfer is made, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. For purposes of section 2055 or 2106, the valuation date is the date of death unless the alternate valuation date is elected in accordance with section 2032 in which event, and within the limitations set forth in section 2032 and the regulations thereunder, the valuation date is the alternate valuation date. If the decedent's estate elects the alternate valuation date under section 2032 and also elects, under section 7520 and § 1.7520-2(b), to use the interest rate component for one of the 2 months preceding the alternate valuation date, the month so elected is the valuation date for purposes of determining the interest rate and mortality tables. The present value of an annuity is computed under § 20.2031-7T(d) for transfers for which the valuation date is on or after May 1, 2009, or under § 20.2031-7A(a) through (f), whichever is applicable, for transfers for which the valuation date is before May 1, 2009. See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances).

* * * * *

(e) Effective/applicability date. Paragraph (c)(1) applies after April 30, 1989.

Par. 9. Section 1.664-4 is amended as follows:

1. Paragraph (a)(1) is revised.

2. Paragraph (d) is removed.

3. The heading for paragraph (e) is redesignated as the heading for § 1.664-4A(f).

4. Paragraphs (e)(1), (e)(2), (e)(5), and (e)(7) are redesignated as § 1.664-4A(f)(1), (f)(2), (f)(5) and (f)(6), respectively.

5. New paragraphs (d), (e)(1), (e)(2), and (e)(5) are added.

6. The heading and introductory text of paragraph (e)(6), preceding Table D, is revised.

7. New paragraph (e)(7) is added.

8. Paragraph (f) is revised.

The additions and revision read as follows:

§ 1.664-4 Calculation of the fair market value of the remainder interest in a charitable remainder unitrust.

(a) * * *

(1) [Reserved]. For further guidance, see § 1.664-4T(a)(1).

* * * * *

(d) through (e)(2) [Reserved]. For further guidance, see § 1.664-4T(d) through (e)(2).

* * * * *

(5) [Reserved]. For further guidance, see § 1.664-4T(e)(5).

(6) Actuarial Table D and F (4.2 through 14.0) for transfers for which the valuation date is after April 30, 1989. For transfers for which the valuation date is after April 30, 1989, the present value of a charitable remainder unitrust interest that is dependent upon a term of years is determined by using the section 7520 rate and the tables in this paragraph (e)(6). For transfers for which the valuation date is on or after May 1, 2009, where the present value of a charitable remainder unitrust interest is dependent on the termination of a life interest , see § 1.664-4T(e)(5). See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov.

* * * * *

(7) [Reserved]. For further guidance, see § 1.664-4T(e)(7).

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

Par. 10. Section 1.664-4T is added to read as follows:

§ 1.664-4T Calculation of the fair market value of the remainder interest in a charitable remainder unitrust (temporary).

(a) [Reserved]. For further guidance, see § 1.664-4(a).

(1) Life contingencies determined as to each life involved, from the values of lx set forth in Table 2000CM contained in § 20.2031-7T(d)(7) in the case of transfers for which the valuation date is on or after May 1, 2009; or from Table 90CM contained in § 20.2031-7A(f)(4) in the case of transfer for which the valuation date is after April 30, 1999, and before May 1, 2009. See § 20.2031-7A(a) through (e), whichever is applicable, for transfers for which the valuation date is before May 1, 1999;

(a)(2) through (c) [Reserved]. For further guidance, see § 1.664-4(a)(2) through (c).

(d) Valuation. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is on or after May 1, 2009, is its present value determined under paragraph (e) of this section. The fair market value of a remainder interest in a charitable remainder unitrust (as described in § 1.664-3) for transfers for which the valuation date is before May 1,2009, is its present value determined under the following sections:

    Valuation Dates
                                  Applicable
 After        Before              Regulations

 --           01-01-52            1.664-4A(a)
 12-31-51     01-01-71            1.664-4A(b)
 12-31-70     12-01-83            1.664-4A(c)
 11-30-83     05-01-89            1.664-4A(d)
 04-30-89     05-01-99            1.664-4A(e)
 04-30-99     05-01-09            1.664-4A(f)

(e) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is on or after May 1, 2009 -- (1) In general. Except as otherwise provided in paragraph (e)(2) of this section, in the case of transfers for which the valuation date is on or after May 1, 2009, the present value of a remainder interest is determined under paragraphs (e)(3) through (e)(7) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under § 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, § 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).

(2) Transitional rules for valuation of charitable remainder unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died on or after May 1, 2009, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency on or after May 1, 2009, the present value of a remainder interest under this section is determined as if the valuation date with respect to the decedent's gross estate is either before or after May 1, 2009, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is on or after May 1, 2009, and before July 1, 2009, the present value of a remainder interest based on one or more measuring lives is determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(7) of this section or § 1.664-4A(f)(6), at the option of the donor or the decedent's executor, as the case may be.

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

(3) and (4) [Reserved]. For further guidance, see § 1.664-4(e)(3) and (e)(4).

(5) Period is the life of one individual. (i) If the period described in § 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is on or after May 1,2009, is the factor in Table U(1) in paragraph (e)(7) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph (e)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the valuation date as determined in § 1.664-4(e)(4)) of the property placed in trust by the factor determined under this paragraph (e)(5). If the adjusted payout rate is between 4.2 and 14 percent, see paragraph (e)(7) of this section. If the adjusted payout rate is below 4.2 percent or greater than 14 percent, see § 1.664-4(b).

(ii) The application of paragraph (e)(5)(i) of this section may be illustrated by the following example:

Example. A, who is 44 years and 11 months old, transfers $100,000 to a charitable remainder unitrust on January 1st. The trust instrument requires that the trust pay to A semiannually (on June 30 and December 31) 8 percent of the fair market value of the trust assets as of January 1st during A's life. The section 7520 rate for January is 6.6 percent. Under Table F(6.6) in § 1.664-4(e)(6), the appropriate adjustment factor is .953317 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 7.627% (8% X .953317). Based on the remainder factors in Table U(1) in this section, the present value of the remainder interest is $11,075.00, computed as follows:

 Factor at 7.6 percent at age 45              .11141
 Factor at 7.8 percent at age 45              .10653
 Difference                                   .00488

 Interpolation adjustment:

                7.627% - 7.6%       =            x
                _____________                _______
                      0.2%                    .00488

                                  x =         .00066

 Factor at 7.6 percent at age 45              .11141
 Less: Interpolation adjustment               .00066
 Interpolated Factor                          .11075

 Present value of remainder interest:
           ($100,000 X .11075)              $11,075.00

(6) [Reserved]. For further guidance, see § 1.664-4(e)(6).

(7) Actuarial Table U(1) for transfers for which the valuation date is on or after May 1, 2009. For transfers for which the valuation date is on or after May 1, 2009, the present value of a charitable remainder unitrust interest that is dependent on the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (e)(7) and Table F(4.2) through (14.0) in § 1.664-4(e)(6). See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication will be available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov.

Table U(1) -- Unitrust Single Life Remainder Factors
                         Based on Life Table 2000CM
                     Applicable on or After May 1, 2009

                             Adjusted Payout Rate
 ---------------------------------------------------------------------------
 AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%   5.6%   5.8%   6.0%
 ---------------------------------------------------------------------------
   0   .05527 .04953 .04455 .04023 .03648 .03321 .03037 .02789 .02573 .02383
   1   .05095 .04501 .03986 .03538 .03148 .02809 .02513 .02255 .02029 .01831
   2   .05269 .04659 .04128 .03666 .03264 .02913 .02606 .02338 .02103 .01896
   3   .05468 .04841 .04295 .03818 .03403 .03040 .02722 .02443 .02199 .01984
   4   .05684 .05039 .04477 .03986 .03557 .03181 .02852 .02563 .02309 .02085

   5   .05912 .05251 .04672 .04166 .03723 .03335 .02993 .02694 .02429 .02197
   6   .06154 .05475 .04880 .04359 .03901 .03500 .03146 .02835 .02561 .02319
   7   .06407 .05709 .05097 .04561 .04089 .03673 .03308 .02985 .02700 .02448
   8   .06672 .05956 .05328 .04775 .04288 .03859 .03481 .03146 .02850 .02588
   9   .06951 .06217 .05571 .05002 .04500 .04057 .03665 .03319 .03012 .02739

  10   .07244 .06491 .05827 .05241 .04724 .04266 .03861 .03503 .03184 .02901
  11   .07550 .06778 .06096 .05494 .04961 .04489 .04070 .03698 .03368 .03074
  12   .07869 .07078 .06378 .05759 .05210 .04723 .04290 .03906 .03563 .03258
  13   .08199 .07389 .06670 .06034 .05468 .04966 .04519 .04121 .03767 .03450
  14   .08536 .07706 .06969 .06315 .05733 .05215 .04754 .04342 .03975 .03646

  15   .08877 .08027 .07271 .06599 .06000 .05467 .04990 .04565 .04184 .03844
  16   .09221 .08351 .07576 .06885 .06269 .05719 .05228 .04788 .04394 .04041
  17   .09570 .08679 .07885 .07176 .06542 .05975 .05468 .05014 .04606 .04240
  18   .09925 .09014 .08199 .07471 .06820 .06236 .05712 .05243 .04821 .04442
  19   .10289 .09356 .08522 .07774 .07104 .06503 .05963 .05478 .05041 .04648

  20   .10665 .09711 .08856 .08089 .07400 .06781 .06224 .05723 .05272 .04864
  21   .11052 .10077 .09201 .08413 .07706 .07068 .06495 .05977 .05510 .05088
  22   .11452 .10455 .09558 .08750 .08023 .07367 .06776 .06241 .05759 .05322
  23   .11867 .10848 .09929 .09101 .08354 .07680 .07070 .06519 .06019 .05567
  24   .12300 .11259 .10319 .09470 .08703 .08009 .07381 .06812 .06297 .05829

  25   .12755 .11691 .10730 .09860 .09073 .08359 .07713 .07126 .06593 .06109
  26   .13232 .12146 .11163 .10272 .09464 .08731 .08065 .07460 .06910 .06409
  27   .13732 .12624 .11619 .10706 .09878 .09125 .08440 .07816 .07248 .06731
  28   .14255 .13125 .12098 .11164 .10315 .09542 .08837 .08195 .07609 .07074
  29   .14799 .13647 .12598 .11644 .10773 .09980 .09256 .08594 .07990 .07438

  30   .15365 .14191 .13120 .12144 .11252 .10438 .09694 .09014 .08391 .07821
  31   .15952 .14756 .13664 .12666 .11754 .10919 .10155 .09455 .08813 .08225
  32   .16561 .15343 .14230 .13210 .12277 .11422 .10637 .09918 .09257 .08650
  33   .17193 .15954 .14819 .13778 .12824 .11948 .11143 .10403 .09724 .09098
  34   .17845 .16585 .15429 .14367 .13391 .12495 .11670 .10910 .10211 .09566

  35   .18520 .17239 .16062 .14979 .13982 .13065 .12219 .11440 .10721 .10057
  36   .19218 .17916 .16718 .15614 .14597 .13659 .12793 .11993 .11254 .10571
  37   .19938 .18617 .17398 .16274 .15236 .14276 .13390 .12570 .11812 .11110
  38   .20683 .19342 .18103 .16958 .15900 .14920 .14013 .13173 .12395 .11673
  39   .21450 .20090 .18832 .17667 .16588 .15588 .14661 .13801 .13003 .12261

  40   .22241 .20862 .19585 .18400 .17301 .16281 .15334 .14454 .13636 .12875
  41   .23055 .21659 .20362 .19158 .18040 .17000 .16033 .15133 .14295 .13514
  42   .23892 .22479 .21164 .19942 .18804 .17744 .16757 .15838 .14980 .14180
  43   .24756 .23326 .21994 .20753 .19596 .18517 .17511 .16572 .15695 .14875
  44   .25644 .24198 .22849 .21590 .20415 .19318 .18293 .17334 .16438 .15599

  45   .26557 .25096 .23731 .22455 .21263 .20147 .19103 .18125 .17210 .16352
  46   .27496 .26021 .24641 .23349 .22139 .21006 .19943 .18947 .18013 .17136
  47   .28460 .26972 .25578 .24270 .23044 .21893 .20813 .19799 .18846 .17951
  48   .29451 .27950 .26542 .25220 .23978 .22811 .21714 .20682 .19712 .18798
  49   .30468 .28957 .27536 .26201 .24944 .23761 .22648 .21599 .20611 .19679

  50   .31515 .29994 .28562 .27214 .25943 .24746 .23617 .22552 .21547 .20598
  51   .32591 .31062 .29620 .28260 .26976 .25765 .24621 .23541 .22520 .21554
  52   .33697 .32161 .30710 .29340 .28045 .26821 .25663 .24568 .23531 .22550
  53   .34832 .33291 .31833 .30453 .29148 .27912 .26741 .25632 .24582 .23585
  54   .35995 .34449 .32985 .31598 .30283 .29037 .27855 .26733 .25669 .24658

  55   .37183 .35635 .34166 .32773 .31450 .30194 .29001 .27868 .26791 .25768
  56   .38390 .36841 .35370 .33971 .32642 .31378 .30175 .29032 .27943 .26907
  57   .39618 .38069 .36596 .35194 .33859 .32588 .31377 .30224 .29125 .28077
  58   .40862 .39316 .37842 .36438 .35099 .33822 .32605 .31443 .30334 .29276
  59   .42126 .40583 .39110 .37705 .36364 .35083 .33859 .32691 .31574 .30506

  60   .43410 .41873 .40403 .38999 .37656 .36372 .35145 .33970 .32846 .31770
  61   .44714 .43183 .41718 .40316 .38974 .37689 .36458 .35279 .34149 .33067
  62   .46033 .44510 .43052 .41653 .40313 .39028 .37796 .36614 .35480 .34391
  63   .47366 .45853 .44402 .43010 .41673 .40390 .39157 .37974 .36836 .35744
  64   .48712 .47212 .45770 .44385 .43053 .41773 .40542 .39358 .38219 .37123

  65   .50073 .48586 .47156 .45779 .44454 .43179 .41951 .40768 .39629 .38531
  66   .51461 .49990 .48573 .47207 .45891 .44623 .43400 .42220 .41083 .39985
  67   .52872 .51419 .50018 .48665 .47360 .46100 .44884 .43710 .42576 .41481
  68   .54302 .52869 .51484 .50147 .48854 .47605 .46398 .45231 .44103 .43011
  69   .55744 .54333 .52968 .51648 .50371 .49134 .47938 .46780 .45659 .44573
  70   .57198 .55810 .54467 .53165 .51905 .50683 .49500 .48352 .47241 .46163

  71   .58662 .57300 .55980 .54700 .53458 .52253 .51084 .49950 .48849 .47781
  72   .60134 .58800 .57505 .56247 .55026 .53840 .52688 .51569 .50481 .49425
  73   .61608 .60303 .59035 .57803 .56604 .55439 .54305 .53203 .52131 .51087
  74   .63077 .61804 .60565 .59358 .58184 .57041 .55928 .54844 .53789 .52761

  75   .64536 .63295 .62085 .60907 .59759 .58639 .57548 .56485 .55447 .54436
  76   .65980 .64772 .63594 .62445 .61323 .60229 .59162 .58120 .57102 .56110
  77   .67408 .66234 .65089 .63970 .62877 .61809 .60766 .59747 .58751 .57779
  78   .68817 .67679 .66567 .65479 .64416 .63376 .62359 .61364 .60392 .59440
  79   .70205 .69104 .68026 .66971 .65938 .64927 .63937 .62968 .62019 .61090

  80   .71569 .70504 .69461 .68439 .67438 .66457 .65495 .64553 .63629 .62724
  81   .72905 .71878 .70871 .69883 .68914 .67963 .67031 .66116 .65219 .64339
  82   .74213 .73224 .72252 .71299 .70363 .69444 .68541 .67655 .66785 .65930
  83   .75489 .74538 .73603 .72684 .71781 .70894 .70022 .69165 .68323 .67495
  84   .76731 .75818 .74919 .74036 .73167 .72312 .71471 .70644 .69830 .69029

  85   .77937 .77062 .76200 .75352 .74516 .73694 .72884 .72087 .71302 .70529
  86   .79106 .78268 .77443 .76629 .75828 .75038 .74260 .73493 .72738 .71993
  87   .80235 .79434 .78645 .77866 .77098 .76341 .75595 .74858 .74132 .73416
  88   .81324 .80560 .79806 .79062 .78328 .77603 .76888 .76182 .75486 .74798
  89   .82371 .81643 .80924 .80214 .79513 .78821 .78137 .77461 .76794 .76134

  90   .83375 .82682 .81998 .81321 .80653 .79992 .79339 .78693 .78055 .77424
  91   .84336 .83678 .83027 .82383 .81747 .81117 .80494 .79878 .79268 .78665
  92   .85253 .84629 .84011 .83399 .82794 .82194 .81601 .81014 .80433 .79857
  93   .86126 .85534 .84948 .84367 .83792 .83222 .82658 .82099 .81545 .80997
  94   .86956 .86395 .85840 .85289 .84743 .84202 .83666 .83134 .82608 .82086

  95   .87744 .87213 .86687 .86166 .85648 .85135 .84626 .84122 .83621 .83125
  96   .88487 .87985 .87488 .86994 .86504 .86017 .85535 .85056 .84581 .84109
  97   .89188 .88714 .88244 .87776 .87312 .86852 .86395 .85941 .85490 .85042
  98   .89850 .89402 .88958 .88516 .88077 .87641 .87208 .86778 .86351 .85927
  99   .90475 .90053 .89632 .89215 .88800 .88388 .87978 .87571 .87167 .86765

 100   .91057 .90658 .90261 .89867 .89475 .89085 .88697 .88312 .87929 .87548
 101   .91610 .91234 .90860 .90487 .90117 .89749 .89382 .89018 .88655 .88295
 102   .92122 .91767 .91413 .91061 .90711 .90363 .90017 .89672 .89328 .88987
 103   .92630 .92296 .91963 .91632 .91303 .90975 .90648 .90323 .89999 .89677
 104   .93097 .92783 .92470 .92158 .91847 .91537 .91229 .90922 .90616 .90312

 105   .93558 .93263 .92969 .92676 .92383 .92092 .91802 .91513 .91225 .90938
 106   .94135 .93864 .93594 .93325 .93057 .92789 .92522 .92256 .91991 .91726
 107   .94789 .94546 .94304 .94062 .93821 .93580 .93340 .93101 .92861 .92623
 108   .95844 .95648 .95453 .95258 .95063 .94868 .94673 .94478 .94284 .94090
 109   .97900 .97800 .97700 .97600 .97500 .97400 .97300 .97200 .97100 .97000

Table U(1) -- Unitrust Single Life Remainder Factors
                     Based on Life Table 2000CM
                 Applicable on or After May 1, 2009

                         Adjusted Payout Rate
 ---------------------------------------------------------------------------
 AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%   7.6%   7.8%   8.0%
 ---------------------------------------------------------------------------
   0   .02217 .02071 .01942 .01829 .01729 .01640 .01561 .01491 .01429 .01373
   1   .01657 .01504 .01369 .01250 .01145 .01053 .00970 .00897 .00831 .00773
   2   .01715 .01555 .01415 .01290 .01180 .01082 .00996 .00918 .00850 .00788
   3   .01795 .01628 .01481 .01350 .01235 .01132 .01041 .00960 .00887 .00822
   4   .01888 .01714 .01560 .01423 .01302 .01194 .01098 .01013 .00936 .00867

   5   .01991 .01809 .01648 .01505 .01378 .01265 .01164 .01074 .00993 .00921
   6   .02104 .01914 .01746 .01597 .01463 .01345 .01239 .01144 .01059 .00982
   7   .02225 .02027 .01851 .01695 .01555 .01430 .01319 .01219 .01130 .01049
   8   .02356 .02149 .01965 .01802 .01656 .01525 .01408 .01303 .01209 .01124
   9   .02497 .02282 .02090 .01919 .01766 .01629 .01506 .01396 .01296 .01207

  10   .02649 .02425 .02224 .02046 .01885 .01742 .01613 .01497 .01392 .01298
  11   .02812 .02578 .02369 .02182 .02015 .01865 .01729 .01608 .01498 .01398
  12   .02986 .02742 .02525 .02329 .02154 .01997 .01855 .01727 .01612 .01508
  13   .03167 .02914 .02687 .02483 .02300 .02135 .01987 .01853 .01732 .01622
  14   .03352 .03089 .02852 .02640 .02449 .02276 .02121 .01981 .01854 .01738

  15   .03538 .03264 .03018 .02797 .02597 .02417 .02255 .02107 .01974 .01853
  16   .03724 .03439 .03183 .02952 .02744 .02556 .02385 .02231 .02092 .01965
  17   .03911 .03615 .03348 .03107 .02890 .02694 .02516 .02354 .02208 .02075
  18   .04100 .03792 .03515 .03264 .03037 .02832 .02646 .02477 .02323 .02184
  19   .04294 .03974 .03685 .03424 .03188 .02973 .02778 .02602 .02441 .02294

  20   .04497 .04165 .03864 .03592 .03345 .03121 .02918 .02732 .02564 .02410
  21   .04707 .04362 .04049 .03766 .03508 .03275 .03062 .02868 .02691 .02530
  22   .04926 .04568 .04243 .03948 .03679 .03435 .03212 .03009 .02824 .02655
  23   .05157 .04785 .04447 .04140 .03860 .03605 .03372 .03160 .02965 .02788
  24   .05404 .05017 .04666 .04346 .04054 .03788 .03545 .03322 .03119 .02932

  25   .05668 .05268 .04902 .04569 .04265 .03987 .03733 .03500 .03287 .03091
  26   .05953 .05537 .05157 .04811 .04494 .04204 .03938 .03695 .03472 .03267
  27   .06258 .05827 .05433 .05072 .04742 .04440 .04163 .03908 .03674 .03459
  28   .06585 .06138 .05729 .05354 .05011 .04695 .04406 .04140 .03895 .03670
  29   .06932 .06469 .06044 .05655 .05297 .04969 .04667 .04389 .04132 .03896

  30   .07298 .06818 .06378 .05974 .05602 .05260 .04944 .04654 .04386 .04139
  31   .07684 .07188 .06732 .06312 .05925 .05569 .05241 .04937 .04657 .04399
  32   .08092 .07578 .07106 .06670 .06268 .05898 .05556 .05239 .04947 .04676
  33   .08522 .07991 .07501 .07050 .06633 .06247 .05891 .05561 .05256 .04972
  34   .08972 .08423 .07917 .07449 .07016 .06615 .06244 .05901 .05582 .05286

  35   .09444 .08878 .08354 .07869 .07420 .07004 .06618 .06260 .05928 .05619
  36   .09940 .09355 .08814 .08312 .07846 .07415 .07013 .06641 .06294 .05972
  37   .10459 .09856 .09297 .08777 .08295 .07847 .07431 .07043 .06682 .06346
  38   .11004 .10382 .09805 .09268 .08769 .08304 .07872 .07469 .07093 .06742
  39   .11573 .10932 .10337 .09782 .09266 .08784 .08336 .07917 .07526 .07161

  40   .12167 .11508 .10893 .10321 .09787 .09289 .08824 .08389 .07982 .07602
  41   .12787 .12109 .11476 .10885 .10334 .09818 .09336 .08885 .08463 .08068
  42   .13433 .12736 .12085 .11476 .10906 .10373 .09874 .09406 .08968 .08557
  43   .14109 .13393 .12723 .12095 .11508 .10957 .10441 .09957 .09502 .09075
  44   .14814 .14078 .13389 .12744 .12138 .11569 .11036 .10534 .10063 .09620

  45   .15548 .14793 .14086 .13421 .12797 .12211 .11659 .11141 .10653 .10193
  46   .16313 .15540 .14814 .14131 .13488 .12884 .12315 .11779 .11274 .10798
  47   .17109 .16318 .15573 .14871 .14210 .13588 .13001 .12448 .11925 .11432
  48   .17938 .17128 .16364 .15645 .14966 .14325 .13721 .13150 .12610 .12100
  49   .18801 .17973 .17191 .16453 .15756 .15098 .14475 .13887 .13330 .12803

  50   .19702 .18856 .18057 .17301 .16586 .15910 .15270 .14663 .14089 .13545
  51   .20642 .19778 .18961 .18188 .17456 .16762 .16104 .15480 .14889 .14328
  52   .21621 .20741 .19907 .19117 .18367 .17656 .16981 .16340 .15732 .15153
  53   .22641 .21745 .20894 .20087 .19321 .18593 .17901 .17243 .16617 .16022
  54   .23699 .22788 .21922 .21098 .20316 .19571 .18862 .18188 .17546 .16934

  55   .24794 .23868 .22987 .22148 .21350 .20589 .19865 .19174 .18516 .17888
  56   .25920 .24981 .24085 .23232 .22418 .21642 .20902 .20195 .19521 .18877
  57   .27078 .26126 .25217 .24349 .23521 .22730 .21975 .21253 .20563 .19904
  58   .28266 .27301 .26379 .25498 .24656 .23851 .23081 .22345 .21640 .20965
  59   .29486 .28510 .27576 .26682 .25827 .25009 .24225 .23474 .22755 .22065

  60   .30740 .29754 .28810 .27905 .27037 .26206 .25409 .24645 .23911 .23208
  61   .32029 .31033 .30079 .29164 .28285 .27442 .26632 .25855 .25109 .24391
  62   .33347 .32344 .31381 .30455 .29567 .28712 .27891 .27102 .26343 .25613
  63   .34693 .33684 .32713 .31779 .30881 .30017 .29185 .28385 .27614 .26872
  64   .36069 .35054 .34076 .33135 .32229 .31356 .30515 .29704 .28922 .28169

  65   .37474 .36455 .35472 .34525 .33612 .32731 .31881 .31061 .30270 .29506
  66   .38927 .37905 .36919 .35968 .35049 .34161 .33304 .32476 .31676 .30903
  67   .40423 .39401 .38413 .37458 .36535 .35643 .34780 .33946 .33138 .32357
  68   .41956 .40935 .39947 .38991 .38066 .37170 .36303 .35464 .34650 .33863
  69   .43522 .42504 .41518 .40562 .39636 .38739 .37869 .37026 .36208 .35415
  70   .45118 .44104 .43121 .42168 .41243 .40346 .39475 .38629 .37809 .37012

  71   .46744 .45737 .44759 .43810 .42888 .41992 .41122 .40276 .39455 .38656
  72   .48398 .47399 .46429 .45486 .44568 .43676 .42808 .41964 .41143 .40344
  73   .50072 .49084 .48123 .47187 .46276 .45389 .44526 .43685 .42866 .42068
  74   .51759 .50784 .49833 .48907 .48004 .47124 .46267 .45431 .44616 .43821

  75   .53450 .52488 .51550 .50635 .49743 .48872 .48022 .47192 .46383 .45592
  76   .55140 .54194 .53270 .52368 .51487 .50626 .49785 .48964 .48161 .47377
  77   .56828 .55898 .54990 .54102 .53234 .52385 .51555 .50744 .49950 .49173
  78   .58509 .57598 .56707 .55835 .54981 .54146 .53328 .52528 .51744 .50977
  79   .60181 .59290 .58417 .57562 .56725 .55904 .55100 .54313 .53541 .52785

  80   .61837 .60967 .60114 .59278 .58458 .57653 .56865 .56091 .55333 .54589
  81   .63475 .62627 .61795 .60979 .60177 .59391 .58619 .57861 .57117 .56386
  82   .65091 .64267 .63457 .62661 .61880 .61112 .60358 .59617 .58888 .58173
  83   .66681 .65881 .65094 .64321 .63560 .62812 .62077 .61353 .60642 .59942
  84   .68241 .67466 .66703 .65952 .65214 .64487 .63771 .63067 .62373 .61691

  85   .69768 .69019 .68280 .67553 .66837 .66132 .65437 .64753 .64078 .63414
  86   .71259 .70536 .69822 .69120 .68427 .67744 .67070 .66406 .65752 .65107
  87   .72709 .72012 .71325 .70647 .69977 .69317 .68666 .68023 .67389 .66764
  88   .74119 .73449 .72787 .72134 .71489 .70852 .70223 .69602 .68989 .68384
  89   .75483 .74840 .74204 .73576 .72955 .72342 .71736 .71138 .70546 .69962

  90   .76800 .76183 .75573 .74971 .74375 .73785 .73202 .72626 .72056 .71493
  91   .78069 .77479 .76895 .76317 .75745 .75180 .74620 .74067 .73519 .72977
  92   .79288 .78724 .78165 .77613 .77065 .76524 .75987 .75456 .74930 .74409
  93   .80453 .79915 .79382 .78854 .78331 .77812 .77299 .76790 .76286 .75787
  94   .81568 .81055 .80547 .80043 .79544 .79048 .78557 .78071 .77588 .77110

  95   .82633 .82144 .81660 .81180 .80704 .80231 .79763 .79298 .78837 .78380
  96   .83642 .83177 .82717 .82259 .81806 .81356 .80909 .80465 .80025 .79588
  97   .84598 .84157 .83719 .83284 .82853 .82424 .81998 .81576 .81156 .80739
  98   .85505 .85086 .84670 .84257 .83847 .83439 .83034 .82631 .82232 .81835
  99   .86365 .85968 .85573 .85181 .84791 .84404 .84019 .83636 .83255 .82877

 100   .87169 .86792 .86418 .86045 .85675 .85307 .84941 .84577 .84215 .83855
 101   .87936 .87579 .87224 .86871 .86520 .86171 .85823 .85477 .85133 .84791
 102   .88647 .88309 .87972 .87637 .87304 .86972 .86642 .86313 .85986 .85660
 103   .89356 .89036 .88718 .88402 .88086 .87772 .87460 .87149 .86839 .86531
 104   .90008 .89706 .89405 .89105 .88807 .88509 .88213 .87918 .87624 .87331

 105   .90652 .90366 .90082 .89799 .89517 .89236 .88955 .88676 .88398 .88120
 106   .91462 .91199 .90937 .90675 .90414 .90154 .89895 .89636 .89378 .89121
 107   .92385 .92147 .91910 .91673 .91437 .91201 .90966 .90731 .90497 .90263
 108   .93896 .93702 .93509 .93316 .93123 .92930 .92737 .92544 .92352 .92160
 109   .96900 .96800 .96700 .96600 .96500 .96400 .96300 .96200 .96100 .96000

Table U(1) -- Unitrust Single Life Remainder Factors
                     Based on Life Table 2000CM
                 Applicable on or After May 1, 2009

                           Adjusted Payout Rate
 ---------------------------------------------------------------------------
 AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%   9.6%   9.8%  10.0%
 ---------------------------------------------------------------------------
   0   .01323 .01279 .01238 .01202 .01169 .01139 .01112 .01088 .01065 .01044
   1   .00721 .00674 .00632 .00594 .00559 .00528 .00500 .00474 .00451 .00430
   2   .00733 .00683 .00639 .00598 .00562 .00529 .00499 .00472 .00447 .00425
   3   .00764 .00711 .00664 .00622 .00583 .00548 .00516 .00487 .00461 .00437
   4   .00806 .00750 .00700 .00655 .00614 .00577 .00543 .00513 .00485 .00459

   5   .00856 .00797 .00744 .00696 .00653 .00614 .00578 .00545 .00515 .00488
   6   .00914 .00852 .00795 .00745 .00699 .00657 .00619 .00584 .00552 .00523
   7   .00976 .00911 .00851 .00798 .00749 .00704 .00664 .00627 .00593 .00562
   8   .01047 .00978 .00915 .00858 .00806 .00759 .00716 .00677 .00640 .00607
   9   .01126 .01053 .00986 .00926 .00871 .00821 .00775 .00734 .00695 .00660

  10   .01213 .01136 .01065 .01002 .00944 .00891 .00842 .00798 .00757 .00720
  11   .01309 .01227 .01153 .01086 .01024 .00968 .00917 .00870 .00827 .00787
  12   .01413 .01327 .01249 .01178 .01113 .01054 .00999 .00950 .00904 .00862
  13   .01523 .01432 .01350 .01275 .01206 .01144 .01086 .01034 .00985 .00940
  14   .01634 .01539 .01452 .01373 .01301 .01235 .01174 .01118 .01067 .01020

  15   .01743 .01643 .01552 .01469 .01393 .01323 .01259 .01200 .01146 .01096
  16   .01849 .01744 .01648 .01561 .01480 .01407 .01339 .01277 .01220 .01167
  17   .01953 .01843 .01742 .01650 .01565 .01488 .01416 .01351 .01290 .01235
  18   .02056 .01940 .01834 .01737 .01648 .01566 .01491 .01422 .01358 .01299
  19   .02160 .02038 .01927 .01824 .01730 .01644 .01565 .01492 .01424 .01362

  20   .02270 .02141 .02024 .01916 .01817 .01726 .01642 .01565 .01494 .01428
  21   .02382 .02247 .02124 .02010 .01906 .01810 .01721 .01640 .01565 .01495
  22   .02500 .02358 .02228 .02108 .01998 .01897 .01803 .01717 .01638 .01564
  23   .02625 .02476 .02339 .02213 .02097 .01990 .01891 .01800 .01716 .01638
  24   .02761 .02604 .02460 .02327 .02205 .02092 .01988 .01891 .01802 .01719

  25   .02912 .02747 .02595 .02455 .02326 .02206 .02096 .01994 .01900 .01812
  26   .03078 .02904 .02744 .02597 .02461 .02335 .02218 .02110 .02010 .01917
  27   .03261 .03079 .02910 .02755 .02611 .02478 .02355 .02241 .02135 .02037
  28   .03462 .03270 .03093 .02929 .02778 .02637 .02507 .02387 .02274 .02170
  29   .03678 .03477 .03291 .03118 .02959 .02811 .02673 .02546 .02427 .02316

  30   .03910 .03699 .03503 .03322 .03154 .02997 .02852 .02717 .02592 .02475
  31   .04159 .03937 .03731 .03541 .03364 .03199 .03046 .02903 .02770 .02646
  32   .04425 .04192 .03976 .03776 .03589 .03416 .03254 .03104 .02963 .02832
  33   .04710 .04466 .04239 .04029 .03832 .03650 .03479 .03320 .03172 .03033
  34   .05011 .04756 .04518 .04297 .04090 .03898 .03718 .03551 .03394 .03247

  35   .05331 .05064 .04815 .04582 .04366 .04163 .03974 .03798 .03632 .03477
  36   .05671 .05391 .05130 .04887 .04659 .04446 .04247 .04061 .03887 .03723
  37   .06032 .05739 .05466 .05210 .04972 .04748 .04539 .04343 .04159 .03986
  38   .06415 .06109 .05823 .05556 .05305 .05070 .04850 .04644 .04450 .04268
  39   .06819 .06500 .06201 .05921 .05658 .05412 .05181 .04964 .04760 .04568

  40   .07246 .06913 .06601 .06308 .06033 .05774 .05532 .05304 .05089 .04887
  41   .07697 .07349 .07023 .06717 .06429 .06158 .05904 .05664 .05439 .05226
  42   .08171 .07809 .07469 .07149 .06848 .06564 .06298 .06046 .05809 .05585
  43   .08674 .08297 .07942 .07608 .07293 .06997 .06717 .06453 .06204 .05969
  44   .09203 .08810 .08441 .08092 .07764 .07454 .07161 .06885 .06624 .06377

  45   .09760 .09352 .08967 .08604 .08261 .07938 .07632 .07342 .07068 .06809
  46   .10348 .09925 .09524 .09146 .08789 .08451 .08131 .07828 .07542 .07270
  47   .10967 .10527 .10111 .09717 .09345 .08992 .08659 .08342 .08042 .07757
  48   .11618 .11161 .10730 .10321 .09933 .09566 .09217 .08887 .08573 .08275
  49   .12304 .11831 .11383 .10958 .10555 .10173 .09810 .09465 .09137 .08825

  50   .13029 .12540 .12076 .11635 .11216 .10818 .10440 .10081 .09739 .09413
  51   .13795 .13289 .12808 .12351 .11917 .11504 .11110 .10736 .10379 .10040
  52   .14604 .14081 .13584 .13111 .12661 .12232 .11823 .11434 .11062 .10708
  53   .15456 .14917 .14404 .13914 .13448 .13004 .12580 .12175 .11789 .11420
  54   .16352 .15796 .15266 .14761 .14279 .13819 .13379 .12959 .12558 .12175

  55   .17289 .16717 .16171 .15650 .15152 .14676 .14221 .13786 .13370 .12971
  56   .18262 .17674 .17113 .16576 .16062 .15570 .15100 .14650 .14218 .13805
  57   .19273 .18669 .18092 .17539 .17010 .16503 .16017 .15552 .15105 .14677
  58   .20319 .19700 .19107 .18539 .17994 .17472 .16971 .16490 .16029 .15586
  59   .21404 .20770 .20162 .19579 .19019 .18481 .17965 .17470 .16993 .16535

  60   .22532 .21884 .21261 .20663 .20088 .19536 .19005 .18494 .18003 .17530
  61   .23702 .23040 .22403 .21790 .21201 .20634 .20089 .19564 .19058 .18571
  62   .24911 .24235 .23584 .22958 .22355 .21774 .21214 .20674 .20154 .19653
  63   .26157 .25468 .24805 .24165 .23548 .22954 .22380 .21827 .21293 .20777
  64   .27442 .26742 .26065 .25413 .24783 .24175 .23588 .23021 .22474 .21944

  65   .28768 .28056 .27368 .26703 .26061 .25441 .24841 .24261 .23700 .23158
  66   .30156 .29433 .28735 .28059 .27405 .26773 .26161 .25569 .24995 .24440
  67   .31601 .30870 .30161 .29476 .28812 .28169 .27545 .26942 .26357 .25790
  68   .33100 .32360 .31643 .30949 .30275 .29622 .28989 .28375 .27779 .27201
  69   .34646 .33900 .33177 .32474 .31793 .31131 .30489 .29865 .29259 .28671
  70   .36239 .35488 .34758 .34049 .33361 .32692 .32041 .31409 .30795 .30197

  71   .37880 .37125 .36391 .35677 .34983 .34308 .33651 .33011 .32389 .31784
  72   .39566 .38809 .38073 .37355 .36657 .35977 .35315 .34670 .34041 .33429
  73   .41291 .40534 .39796 .39077 .38376 .37693 .37027 .36377 .35744 .35126
  74   .43046 .42290 .41552 .40833 .40131 .39446 .38778 .38125 .37489 .36867

  75   .44821 .44068 .43332 .42614 .41913 .41227 .40558 .39904 .39266 .38641
  76   .46611 .45862 .45130 .44415 .43715 .43031 .42363 .41709 .41069 .40444
  77   .48414 .47671 .46944 .46233 .45537 .44856 .44189 .43536 .42898 .42272
  78   .50226 .49490 .48770 .48065 .47374 .46697 .46034 .45384 .44747 .44123
  79   .52043 .51317 .50604 .49906 .49222 .48551 .47892 .47247 .46614 .45993

  80   .53859 .53142 .52440 .51750 .51074 .50410 .49758 .49118 .48491 .47874
  81   .55669 .54964 .54273 .53593 .52926 .52271 .51627 .50995 .50373 .49763
  82   .57469 .56778 .56099 .55431 .54774 .54129 .53494 .52871 .52257 .51654
  83   .59254 .58577 .57911 .57256 .56612 .55978 .55354 .54740 .54136 .53541
  84   .61019 .60358 .59706 .59065 .58434 .57812 .57200 .56597 .56003 .55419

  85   .62759 .62114 .61479 .60853 .60236 .59628 .59028 .58438 .57856 .57282
  86   .64470 .63843 .63224 .62614 .62012 .61419 .60833 .60256 .59687 .59125
  87   .66146 .65537 .64936 .64342 .63757 .63179 .62608 .62045 .61489 .60941
  88   .67786 .67196 .66613 .66037 .65469 .64907 .64352 .63804 .63263 .62728
  89   .69384 .68813 .68249 .67691 .67140 .66595 .66057 .65525 .64999 .64479

  90   .70936 .70385 .69840 .69301 .68768 .68241 .67719 .67204 .66693 .66189
  91   .72440 .71909 .71384 .70864 .70349 .69840 .69336 .68837 .68344 .67855
  92   .73894 .73383 .72878 .72377 .71881 .71390 .70904 .70422 .69945 .69473
  93   .75292 .74801 .74316 .73834 .73357 .72885 .72416 .71952 .71492 .71037
  94   .76636 .76166 .75700 .75238 .74780 .74326 .73876 .73429 .72986 .72547

  95   .77926 .77476 .77030 .76587 .76148 .75712 .75280 .74851 .74426 .74004
  96   .79155 .78725 .78298 .77874 .77453 .77036 .76622 .76210 .75802 .75397
  97   .80325 .79915 .79507 .79101 .78699 .78300 .77903 .77509 .77117 .76729
  98   .81440 .81048 .80659 .80272 .79887 .79505 .79126 .78749 .78375 .78002
  99   .82502 .82128 .81757 .81388 .81021 .80656 .80294 .79934 .79576 .79220

 100   .83497 .83141 .82788 .82436 .82086 .81738 .81392 .81048 .80706 .80365
 101   .84451 .84112 .83776 .83441 .83107 .82776 .82446 .82117 .81791 .81466
 102   .85337 .85014 .84693 .84374 .84056 .83740 .83425 .83112 .82800 .82490
 103   .86223 .85918 .85613 .85310 .85008 .84708 .84409 .84111 .83814 .83519
 104   .87040 .86749 .86460 .86172 .85885 .85599 .85314 .85030 .84748 .84466

 105   .87844 .87568 .87294 .87020 .86748 .86476 .86205 .85935 .85666 .85398
 106   .88865 .88609 .88354 .88100 .87846 .87594 .87341 .87090 .86839 .86590
 107   .90030 .89797 .89565 .89333 .89102 .88871 .88641 .88411 .88181 .87952
 108   .91968 .91776 .91585 .91394 .91203 .91012 .90821 .90630 .90440 .90250
 109   .95900 .95800 .95700 .95600 .95500 .95400 .95300 .95200 .95100 .95000

Table U(1) -- Unitrust Single Life Remainder Factors
                     Based on Life Table 2000CM
                 Applicable on or After May 1, 2009

                         Adjusted Payout Rate
 ---------------------------------------------------------------------------
 AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%  11.6%  11.8%  12.0%
 ---------------------------------------------------------------------------
   0   .01025 .01008 .00992 .00977 .00963 .00950 .00938 .00927 .00917 .00907
   1   .00410 .00392 .00376 .00361 .00347 .00334 .00322 .00310 .00300 .00290
   2   .00404 .00385 .00367 .00351 .00336 .00322 .00310 .00298 .00287 .00276
   3   .00415 .00394 .00376 .00359 .00343 .00328 .00314 .00301 .00290 .00279
   4   .00435 .00414 .00394 .00375 .00358 .00342 .00328 .00314 .00302 .00290

   5   .00463 .00439 .00418 .00398 .00380 .00363 .00348 .00333 .00319 .00307
   6   .00496 .00471 .00448 .00427 .00408 .00390 .00373 .00357 .00343 .00329
   7   .00533 .00507 .00483 .00460 .00439 .00420 .00402 .00385 .00369 .00355
   8   .00577 .00549 .00523 .00499 .00476 .00456 .00436 .00418 .00402 .00386
   9   .00627 .00598 .00570 .00544 .00520 .00498 .00478 .00458 .00440 .00423

  10   .00685 .00653 .00624 .00596 .00571 .00547 .00525 .00505 .00485 .00467
  11   .00750 .00716 .00685 .00656 .00629 .00603 .00580 .00558 .00537 .00518
  12   .00823 .00787 .00753 .00722 .00693 .00667 .00642 .00618 .00596 .00576
  13   .00899 .00861 .00826 .00793 .00762 .00734 .00707 .00682 .00659 .00637
  14   .00976 .00935 .00898 .00863 .00831 .00801 .00772 .00746 .00722 .00698

  15   .01050 .01007 .00967 .00931 .00896 .00864 .00835 .00807 .00781 .00756
  16   .01118 .01073 .01031 .00992 .00956 .00922 .00891 .00861 .00834 .00808
  17   .01183 .01135 .01091 .01050 .01011 .00976 .00942 .00911 .00882 .00855
  18   .01244 .01194 .01147 .01104 .01063 .01025 .00990 .00957 .00926 .00897
  19   .01304 .01251 .01202 .01156 .01113 .01073 .01035 .01001 .00968 .00937

  20   .01367 .01311 .01258 .01209 .01164 .01122 .01082 .01045 .01011 .00978
  21   .01430 .01371 .01315 .01263 .01215 .01171 .01129 .01090 .01053 .01019
  22   .01496 .01432 .01373 .01319 .01268 .01220 .01176 .01134 .01095 .01059
  23   .01565 .01498 .01436 .01377 .01323 .01273 .01225 .01181 .01140 .01101
  24   .01642 .01571 .01505 .01443 .01386 .01332 .01282 .01235 .01191 .01149

  25   .01731 .01655 .01585 .01519 .01458 .01401 .01347 .01297 .01250 .01206
  26   .01831 .01751 .01676 .01606 .01541 .01480 .01423 .01370 .01320 .01273
  27   .01945 .01860 .01780 .01706 .01637 .01572 .01511 .01454 .01401 .01351
  28   .02073 .01982 .01898 .01819 .01745 .01676 .01611 .01551 .01494 .01440
  29   .02213 .02117 .02027 .01943 .01865 .01791 .01722 .01658 .01597 .01540

  30   .02365 .02263 .02168 .02079 .01995 .01917 .01844 .01775 .01710 .01649
  31   .02531 .02422 .02321 .02226 .02138 .02054 .01976 .01902 .01833 .01768
  32   .02709 .02595 .02487 .02387 .02292 .02204 .02120 .02042 .01968 .01899
  33   .02903 .02782 .02668 .02561 .02461 .02366 .02278 .02194 .02116 .02041
  34   .03110 .02981 .02860 .02747 .02640 .02540 .02446 .02357 .02273 .02194

  35   .03332 .03195 .03067 .02947 .02834 .02728 .02627 .02533 .02444 .02359
  36   .03569 .03425 .03290 .03162 .03042 .02929 .02823 .02722 .02627 .02537
  37   .03824 .03671 .03528 .03393 .03266 .03146 .03032 .02925 .02824 .02729
  38   .04097 .03936 .03784 .03641 .03506 .03379 .03259 .03145 .03037 .02936
  39   .04387 .04217 .04057 .03905 .03763 .03628 .03500 .03380 .03265 .03157

  40   .04696 .04517 .04347 .04187 .04036 .03893 .03758 .03630 .03509 .03394
  41   .05025 .04836 .04657 .04488 .04328 .04177 .04034 .03898 .03769 .03647
  42   .05374 .05174 .04986 .04807 .04638 .04478 .04326 .04183 .04046 .03917
  43   .05747 .05537 .05338 .05150 .04971 .04802 .04641 .04489 .04344 .04207
  44   .06143 .05922 .05712 .05514 .05325 .05147 .04977 .04816 .04663 .04517

  45   .06564 .06331 .06111 .05901 .05703 .05514 .05335 .05164 .05002 .04848
  46   .07012 .06768 .06536 .06315 .06106 .05907 .05718 .05538 .05366 .05203
  47   .07487 .07231 .06987 .06755 .06535 .06325 .06125 .05935 .05754 .05581
  48   .07992 .07723 .07467 .07223 .06991 .06770 .06560 .06359 .06168 .05985
  49   .08529 .08247 .07978 .07722 .07479 .07246 .07024 .06813 .06611 .06418

  50   .09103 .08808 .08526 .08258 .08002 .07757 .07524 .07301 .07088 .06885
  51   .09716 .09407 .09112 .08831 .08562 .08306 .08060 .07826 .07601 .07387
  52   .10370 .10047 .09739 .09445 .09163 .08894 .08637 .08390 .08154 .07928
  53   .11068 .10731 .10409 .10101 .09806 .09524 .09254 .08996 .08748 .08510
  54   .11808 .11457 .11121 .10800 .10492 .10197 .09914 .09642 .09382 .09133

  55   .12590 .12225 .11875 .11540 .11218 .10910 .10614 .10330 .10057 .09795
  56   .13409 .13029 .12665 .12316 .11981 .11659 .11350 .11053 .10768 .10493
  57   .14266 .13872 .13494 .13130 .12781 .12446 .12123 .11813 .11515 .11228
  58   .15160 .14751 .14359 .13981 .13618 .13269 .12933 .12609 .12298 .11998
  59   .16095 .15672 .15264 .14873 .14495 .14132 .13783 .13446 .13121 .12808

  60   .17076 .16638 .16216 .15810 .15419 .15042 .14678 .14328 .13990 .13663
  61   .18101 .17649 .17213 .16793 .16388 .15997 .15619 .15255 .14904 .14564
  62   .19169 .18703 .18253 .17818 .17399 .16994 .16603 .16225 .15860 .15507
  63   .20279 .19799 .19335 .18886 .18453 .18034 .17629 .17238 .16859 .16493
  64   .21433 .20939 .20461 .19998 .19551 .19119 .18700 .18295 .17903 .17523

  65   .22633 .22125 .21633 .21158 .20697 .20251 .19819 .19400 .18994 .18601
  66   .23903 .23382 .22877 .22388 .21914 .21455 .21010 .20578 .20159 .19752
  67   .25240 .24707 .24190 .23688 .23202 .22730 .22271 .21827 .21395 .20975
  68   .26640 .26095 .25566 .25053 .24554 .24070 .23600 .23143 .22698 .22267
  69   .28099 .27544 .27004 .26480 .25970 .25474 .24992 .24523 .24067 .23623
  70   .29616 .29051 .28501 .27966 .27446 .26939 .26446 .25966 .25499 .25044

  71   .31194 .30620 .30062 .29517 .28987 .28471 .27968 .27478 .27000 .26534
  72   .32833 .32251 .31684 .31132 .30593 .30068 .29556 .29057 .28569 .28094
  73   .34524 .33936 .33363 .32804 .32258 .31725 .31205 .30697 .30201 .29717
  74   .36260 .35667 .35089 .34523 .33971 .33432 .32905 .32390 .31887 .31395

  75   .38031 .37435 .36852 .36282 .35725 .35180 .34647 .34126 .33617 .33118
  76   .39832 .39233 .38647 .38074 .37513 .36964 .36427 .35901 .35386 .34882
  77   .41660 .41060 .40473 .39898 .39335 .38783 .38242 .37713 .37194 .36685
  78   .43512 .42913 .42326 .41750 .41186 .40632 .40090 .39558 .39036 .38524
  79   .45384 .44787 .44201 .43626 .43062 .42509 .41966 .41432 .40909 .40396

  80   .47269 .46675 .46092 .45519 .44957 .44404 .43862 .43329 .42806 .42291
  81   .49163 .48574 .47994 .47425 .46866 .46316 .45775 .45244 .44722 .44208
  82   .51061 .50478 .49904 .49340 .48784 .48238 .47701 .47173 .46653 .46141
  83   .52956 .52380 .51813 .51255 .50705 .50165 .49632 .49108 .48592 .48083
  84   .54843 .54275 .53716 .53166 .52623 .52089 .51562 .51044 .50532 .50029

  85   .56716 .56159 .55609 .55067 .54533 .54006 .53487 .52975 .52470 .51972
  86   .58571 .58024 .57485 .56953 .56428 .55910 .55399 .54894 .54397 .53906
  87   .60399 .59864 .59337 .58815 .58301 .57793 .57291 .56795 .56306 .55823
  88   .62200 .61678 .61162 .60653 .60150 .59653 .59161 .58676 .58196 .57722
  89   .63965 .63457 .62954 .62458 .61967 .61481 .61001 .60526 .60057 .59593

  90   .65690 .65196 .64707 .64224 .63746 .63273 .62805 .62342 .61884 .61431
  91   .67371 .66892 .66418 .65949 .65485 .65025 .64570 .64119 .63673 .63231
  92   .69005 .68542 .68083 .67628 .67178 .66732 .66290 .65852 .65419 .64989
  93   .70585 .70137 .69694 .69254 .68819 .68387 .67959 .67534 .67114 .66697
  94   .72112 .71681 .71253 .70828 .70407 .69990 .69576 .69166 .68759 .68355

  95   .73585 .73170 .72758 .72349 .71943 .71541 .71141 .70745 .70352 .69961
  96   .74995 .74595 .74199 .73806 .73415 .73027 .72642 .72260 .71881 .71505
  97   .76343 .75960 .75579 .75201 .74826 .74453 .74083 .73715 .73350 .72987
  98   .77633 .77265 .76900 .76538 .76177 .75819 .75463 .75110 .74759 .74410
  99   .78866 .78514 .78165 .77817 .77472 .77129 .76787 .76448 .76111 .75775

 100   .80027 .79690 .79356 .79023 .78692 .78363 .78036 .77710 .77386 .77065
 101   .81143 .80821 .80502 .80183 .79867 .79552 .79239 .78927 .78617 .78308
 102   .82181 .81874 .81568 .81264 .80961 .80659 .80359 .80060 .79763 .79467
 103   .83225 .82933 .82641 .82351 .82062 .81774 .81488 .81203 .80919 .80636
 104   .84186 .83907 .83629 .83351 .83076 .82801 .82527 .82254 .81982 .81712

 105   .85131 .84865 .84600 .84336 .84072 .83810 .83548 .83288 .83028 .82769
 106   .86340 .86092 .85844 .85597 .85351 .85105 .84860 .84616 .84372 .84130
 107   .87724 .87496 .87268 .87041 .86815 .86589 .86363 .86138 .85914 .85690
 108   .90060 .89870 .89681 .89492 .89303 .89114 .88925 .88736 .88548 .88360
 109   .94900 .94800 .94700 .94600 .94500 .94400 .94300 .94200 .94100 .94000

Table U(1) -- Unitrust Single Life Remainder Factors
                     Based on Life Table 2000CM
                 Applicable on or After May 1, 2009

                           Adjusted Payout Rate
 ---------------------------------------------------------------------------
 AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%  13.6%  13.8%  14.0%
 ---------------------------------------------------------------------------
   0   .00898 .00889 .00881 .00873 .00866 .00859 .00853 .00846 .00840 .00835
   1   .00281 .00273 .00265 .00257 .00250 .00244 .00237 .00232 .00226 .00221
   2   .00267 .00258 .00249 .00241 .00234 .00227 .00220 .00214 .00208 .00202
   3   .00268 .00259 .00249 .00241 .00233 .00225 .00218 .00212 .00205 .00199
   4   .00279 .00268 .00258 .00249 .00241 .00233 .00225 .00218 .00211 .00205

   5   .00295 .00284 .00273 .00263 .00254 .00245 .00237 .00229 .00222 .00215
   6   .00316 .00304 .00293 .00283 .00273 .00263 .00254 .00246 .00238 .00230
   7   .00341 .00328 .00316 .00305 .00294 .00284 .00274 .00265 .00256 .00248
   8   .00371 .00357 .00344 .00332 .00320 .00310 .00299 .00289 .00280 .00271
   9   .00408 .00393 .00379 .00366 .00353 .00341 .00330 .00320 .00310 .00300

  10   .00450 .00434 .00419 .00405 .00392 .00379 .00367 .00356 .00345 .00335
  11   .00500 .00483 .00467 .00452 .00438 .00424 .00411 .00399 .00387 .00376
  12   .00557 .00538 .00521 .00505 .00490 .00476 .00462 .00449 .00436 .00425
  13   .00617 .00597 .00579 .00562 .00546 .00531 .00516 .00502 .00489 .00477
  14   .00677 .00656 .00637 .00619 .00602 .00585 .00570 .00555 .00541 .00528

  15   .00733 .00712 .00691 .00672 .00654 .00636 .00620 .00605 .00590 .00576
  16   .00784 .00761 .00739 .00719 .00700 .00681 .00664 .00648 .00632 .00618
  17   .00829 .00805 .00782 .00761 .00741 .00721 .00703 .00686 .00670 .00654
  18   .00870 .00845 .00821 .00798 .00777 .00756 .00737 .00719 .00702 .00685
  19   .00909 .00882 .00856 .00832 .00810 .00788 .00768 .00749 .00731 .00713

  20   .00948 .00919 .00892 .00867 .00843 .00821 .00799 .00779 .00760 .00741
  21   .00986 .00956 .00927 .00901 .00875 .00851 .00829 .00807 .00787 .00767
  22   .01024 .00992 .00962 .00933 .00906 .00881 .00857 .00834 .00813 .00792
  23   .01065 .01030 .00998 .00968 .00939 .00912 .00887 .00862 .00839 .00818
  24   .01110 .01074 .01040 .01007 .00977 .00948 .00921 .00895 .00870 .00847

  25   .01165 .01126 .01089 .01055 .01022 .00991 .00962 .00934 .00908 .00884
  26   .01228 .01187 .01148 .01111 .01076 .01043 .01012 .00982 .00955 .00928
  27   .01303 .01259 .01217 .01178 .01140 .01105 .01072 .01040 .01010 .00982
  28   .01390 .01342 .01297 .01255 .01215 .01178 .01142 .01108 .01076 .01046
  29   .01486 .01435 .01387 .01342 .01299 .01259 .01221 .01185 .01150 .01117

  30   .01591 .01537 .01486 .01437 .01392 .01348 .01307 .01269 .01232 .01197
  31   .01707 .01649 .01594 .01542 .01493 .01447 .01403 .01361 .01322 .01284
  32   .01833 .01771 .01713 .01657 .01605 .01555 .01508 .01464 .01421 .01381
  33   .01971 .01905 .01843 .01784 .01728 .01674 .01624 .01576 .01531 .01487
  34   .02119 .02049 .01982 .01919 .01859 .01802 .01748 .01697 .01648 .01602

  35   .02280 .02204 .02133 .02065 .02001 .01940 .01883 .01828 .01775 .01726
  36   .02452 .02372 .02296 .02224 .02155 .02090 .02028 .01969 .01913 .01860
  37   .02638 .02553 .02471 .02394 .02321 .02252 .02185 .02123 .02063 .02006
  38   .02839 .02748 .02661 .02579 .02501 .02427 .02356 .02289 .02225 .02164
  39   .03055 .02957 .02865 .02777 .02694 .02615 .02539 .02467 .02399 .02333

  40   .03285 .03181 .03083 .02990 .02901 .02816 .02735 .02658 .02585 .02515
  41   .03531 .03421 .03316 .03217 .03122 .03032 .02946 .02863 .02785 .02710
  42   .03793 .03676 .03565 .03459 .03358 .03262 .03170 .03082 .02999 .02919
  43   .04076 .03952 .03833 .03721 .03613 .03510 .03413 .03319 .03230 .03144
  44   .04378 .04246 .04120 .04000 .03886 .03777 .03672 .03573 .03477 .03386

  45   .04701 .04561 .04427 .04299 .04178 .04062 .03950 .03844 .03743 .03645
  46   .05047 .04898 .04757 .04621 .04492 .04368 .04250 .04137 .04029 .03925
  47   .05416 .05258 .05108 .04964 .04827 .04696 .04570 .04449 .04334 .04224
  48   .05810 .05644 .05484 .05332 .05186 .05047 .04913 .04785 .04662 .04545
  49   .06233 .06057 .05888 .05727 .05572 .05424 .05282 .05146 .05016 .04890

  50   .06690 .06503 .06325 .06154 .05990 .05833 .05683 .05538 .05399 .05266
  51   .07181 .06984 .06796 .06615 .06442 .06275 .06116 .05962 .05815 .05673
  52   .07712 .07504 .07305 .07114 .06931 .06755 .06585 .06423 .06267 .06116
  53   .08282 .08063 .07853 .07652 .07458 .07272 .07093 .06921 .06756 .06596
  54   .08893 .08663 .08442 .08229 .08025 .07829 .07640 .07458 .07283 .07114

  55   .09544 .09302 .09070 .08846 .08631 .08424 .08224 .08032 .07847 .07669
  56   .10230 .09976 .09732 .09497 .09270 .09052 .08842 .08639 .08444 .08256
  57   .10952 .10686 .10430 .10183 .09945 .09716 .09495 .09281 .09075 .08877
  58   .11709 .11431 .11162 .10904 .10654 .10413 .10181 .09956 .09739 .09530
  59   .12506 .12215 .11934 .11663 .11402 .11149 .10905 .10669 .10441 .10221

  60   .13349 .13045 .12751 .12468 .12194 .11929 .11674 .11426 .11187 .10955
  61   .14236 .13919 .13613 .13317 .13031 .12754 .12486 .12227 .11976 .11733
  62   .15166 .14836 .14517 .14208 .13909 .13620 .13340 .13069 .12806 .12551
  63   .16138 .15795 .15463 .15141 .14830 .14528 .14235 .13952 .13677 .13410
  64   .17155 .16799 .16453 .16119 .15794 .15480 .15175 .14879 .14592 .14313

  65   .18220 .17850 .17492 .17144 .16806 .16479 .16161 .15853 .15553 .15262
  66   .19358 .18975 .18604 .18243 .17893 .17552 .17222 .16901 .16589 .16285
  67   .20568 .20173 .19788 .19415 .19052 .18699 .18356 .18022 .17698 .17382
  68   .21847 .21439 .21042 .20656 .20280 .19915 .19560 .19213 .18877 .18549
  69   .23191 .22771 .22362 .21964 .21577 .21199 .20831 .20473 .20124 .19784
  70   .24601 .24169 .23748 .23339 .22939 .22550 .22171 .21801 .21440 .21088

  71   .26080 .25638 .25206 .24785 .24375 .23974 .23584 .23202 .22830 .22467
  72   .27630 .27178 .26736 .26305 .25884 .25473 .25071 .24679 .24296 .23922
  73   .29244 .28782 .28331 .27890 .27460 .27039 .26628 .26226 .25833 .25449
  74   .30914 .30444 .29984 .29535 .29096 .28666 .28245 .27834 .27432 .27038

  75   .32630 .32153 .31686 .31229 .30782 .30344 .29915 .29496 .29085 .28682
  76   .34389 .33905 .33432 .32968 .32514 .32069 .31633 .31205 .30787 .30376
  77   .36187 .35698 .35220 .34750 .34290 .33839 .33396 .32963 .32537 .32120
  78   .38022 .37530 .37047 .36573 .36108 .35652 .35204 .34765 .34333 .33910
  79   .39891 .39396 .38910 .38433 .37965 .37504 .37053 .36609 .36173 .35744

  80   .41786 .41290 .40802 .40323 .39852 .39389 .38934 .38486 .38047 .37615
  81   .43703 .43207 .42719 .42238 .41766 .41302 .40845 .40395 .39953 .39518
  82   .45638 .45143 .44655 .44175 .43703 .43238 .42781 .42330 .41887 .41450
  83   .47583 .47090 .46604 .46126 .45655 .45191 .44734 .44284 .43840 .43403
  84   .49532 .49043 .48561 .48085 .47617 .47155 .46700 .46251 .45808 .45372

  85   .51480 .50996 .50518 .50047 .49582 .49124 .48671 .48225 .47785 .47351
  86   .53421 .52943 .52470 .52004 .51544 .51090 .50642 .50200 .49763 .49332
  87   .55346 .54875 .54409 .53950 .53496 .53047 .52604 .52167 .51734 .51307
  88   .57254 .56791 .56333 .55881 .55434 .54992 .54555 .54124 .53697 .53275
  89   .59134 .58680 .58231 .57788 .57349 .56914 .56485 .56060 .55640 .55225

  90   .60982 .60538 .60099 .59665 .59234 .58809 .58388 .57971 .57558 .57150
  91   .62794 .62361 .61932 .61508 .61087 .60671 .60259 .59851 .59447 .59046
  92   .64564 .64142 .63725 .63311 .62901 .62495 .62093 .61694 .61299 .60907
  93   .66284 .65874 .65468 .65066 .64667 .64272 .63880 .63491 .63106 .62724
  94   .67955 .67558 .67164 .66773 .66386 .66002 .65621 .65243 .64868 .64496

  95   .69574 .69190 .68809 .68431 .68055 .67683 .67313 .66946 .66582 .66221
  96   .71131 .70760 .70391 .70025 .69662 .69302 .68944 .68588 .68235 .67885
  97   .72626 .72268 .71913 .71560 .71209 .70861 .70515 .70171 .69829 .69490
  98   .74063 .73718 .73376 .73035 .72697 .72361 .72027 .71695 .71365 .71037
  99   .75442 .75111 .74781 .74454 .74128 .73804 .73483 .73163 .72844 .72528

 100   .76744 .76426 .76109 .75794 .75481 .75169 .74860 .74551 .74245 .73940
 101   .78001 .77695 .77392 .77089 .76788 .76489 .76191 .75895 .75600 .75306
 102   .79172 .78879 .78587 .78297 .78008 .77720 .77434 .77149 .76865 .76582
 103   .80354 .80074 .79795 .79517 .79240 .78965 .78690 .78417 .78145 .77874
 104   .81442 .81174 .80906 .80640 .80374 .80110 .79847 .79584 .79323 .79063

 105   .82511 .82254 .81998 .81742 .81488 .81234 .80982 .80730 .80479 .80229
 106   .83887 .83646 .83405 .83165 .82926 .82687 .82449 .82212 .81975 .81739
 107   .85466 .85243 .85020 .84798 .84576 .84355 .84134 .83914 .83694 .83474
 108   .88172 .87984 .87797 .87610 .87423 .87236 .87049 .86862 .86676 .86490
 109   .93900 .93800 .93700 .93600 .93500 .93400 .93300 .93200 .93100 .93000

(f) Effective/applicability date. This section applies on or after May 1, 2009.

(g) Expiration date. This section expires on or before May 1, 2012.

Par. 11. The undesignated center heading immediately preceding § 1.664-4A is revised to read as follows:


Unitrust Actuarial Tables Applicable Before May 1, 2009

Par. 12. Section 1.664-4A is amended as follows:

1. The section heading is revised.

2. The heading of newly-designated paragraph (f) is revised.

3. Newly-designated paragraphs (f)(1) and (f)(2) are revised.

4. New paragraphs (f)(3) and (f)(4) are added.

5. Newly-designated paragraph (f)(5) is revised.

6. In newly-designated paragraph (f)(6), the heading and the first paragraph are revised.

7. The heading of Table U(1) is revised.

8. Paragraph (f)(7) is added.

The additions and revisions read as follows:

§ 1.664-4A Valuation of charitable remainder interests for which the valuation date is before May 1, 2009.

* * * * *

(f) Valuation of charitable remainder unitrusts having certain payout sequences for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009 -- (1) In general. Except as otherwise provided in paragraph (f)(2) of this section, in the case of transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a remainder interest is determined under paragraphs (f)(3) through (f)(6) of this section, provided that the amount of the payout as of any payout date during any taxable year of the trust is not larger than the amount that the trust could distribute on such date under § 1.664-3(a)(1)(v) if the taxable year of the trust were to end on such date. See, however, § 1.7520-3(b) (relating to exceptions to the use of the prescribed tables under certain circumstances).

(2) Transitional rules for valuation of charitable remainder unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the property could not be changed, and the decedent died after April 30, 1999, without having regained competency to dispose of the decedent's property, or the decedent died within 90 days of the date that the decedent first regained competency after April 30, 1999, the present value of a remainder interest under this section is determined as if the valuation date with respect to the decedent's gross estate is either before May 1, 1999, or after April 30, 1999, at the option of the decedent's executor.

(ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in the case of transfers to a charitable remainder unitrust for which the valuation date is after April 30, 1999, and before July 1, 1999, the present value of a remainder interest based on one or more measuring lives is determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(6) or (f)(6) of this section, at the option of the donor or the decedent's executor, as the case may be. (iii) For purposes of paragraphs (f)(2)(i) and (f)(2)(ii) of this section, where the donor or decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (e)(6) or (f)(6) of this section, the donor or decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(3) Adjusted payout rate. For transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the adjusted payout rate is determined by using the appropriate Table F, contained in § 1.664-4(e)(6), for the section 7520 interest rate applicable to the transfer. If the interest rate is between 4.2 and 14 percent, see § 1.664-4(e)(6). If the interest rate is below 4.2 percent or greater than 14 percent, see § 1.664-4(b). See § 1.664-4(e) for rules applicable in determining the adjusted payout rate.

(4) Period is a term of years. If the period described in § 1.664-3(a)(5) is a term of years, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, is the factor under the appropriate adjusted payout rate in Table D in § 1.664-4(e)(6) corresponding to the number of years in the term. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in Table D, a linear interpolation must be made. The present value of the remainder interest is determined by multiplying the net fair market value (as of the appropriate valuation date) of the property placed in trust by the factor determined under this paragraph. Generally, for purposes of this section, the valuation date is, in the case of an inter vivos transfer, the date on which the property is transferred to the trust by the donor, and, in the case of a testamentary transfer under sections 2055, 2106, or 2624, the valuation date is the date of death. See § 1.664-4(e)(4) for additional rules regarding the valuation date. See § 1.664-4(e)(4) for an example that illustrates the application of this paragraph (f)(4).

(5) Period is the life of one individual. If the period described in § 1.664-3(a)(5) is the life of one individual, the factor that is used in determining the present value of the remainder interest for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, is the factor in Table U(1) in paragraph (f)(6) of this section under the appropriate adjusted payout. For purposes of the computations described in this paragraph (f)(5), the age of an individual is the age of that individual at the individual's nearest birthday. If the adjusted payout rate is an amount that is between adjusted payout rates for which factors are provided in the appropriate table, a linear interpolation must be made. The rules provided in § 1.664-4T(e)(5) apply for determining the present value of the remainder interest. See § 1.664-4T(e)(5) for an example illustrating the application of this paragraph (f)(5) (using current actuarial tables).

(6) Actuarial Table U(1) for transfers for which the valuation date is after April 30, 1999, and before May 1, 2009. For transfers for which the valuation date is after April 30, 1999, and before May 1, 2009, the present value of a charitable remainder unitrust interest that is dependent on the termination of a life interest is determined by using the section 7520 rate, Table U(1) in this paragraph (f)(6), and Tables F(4.2) through F(14.0) in § 1.664-4(e)(6). See, however, § 1.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances). Many actuarial factors not contained in the following tables are contained in Internal Revenue Service Publication 1458, "Actuarial Values, Book Beth," (7-1999). Publication 1458 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained by a written request to: CC:PA:LPD:PR (IRS Publication 1458), Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044.


TABLE U(1). -- BASED ON LIFE TABLE 90CM UNITRUST SINGLE LIFE
REMAINDER FACTORS
[Applicable After April 30, 1999, and Before May 1, 2009]

* * * * *

(7) Effective/applicability dates. Paragraphs (f)(1) through (f)(6) apply after April 30, 1999, and before May 1, 2009.

Par. 13. Section 1.7520-1 is amended by:

1. Revising the section heading.

2. Revising paragraphs (a)(1) and (a)(2).

3. Removing the last two sentences of paragraph (b)(2) and adding a new sentence at the end of the paragraph.

4. Revising paragraph (c)(1).

5. Revising the heading and introductory text of paragraph (c)(2).

6. Revising paragraph (d).

The revisions and additions read as follows:

§ 1.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests prior to May 1, 2009.

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 1.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of certain transactions after April 30, 1989, subject to income tax, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. For periods prior to May 1, 2009, see § 20.2031-7A for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a transfer to a pooled income fund prior to May 1, 2009, see § 1.642(c)-6A with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) * * * For transactions with valuation dates after April 30, 1989, and before May 1, 2009, the mortality component tables are contained in § 20.2031-7A.

(c) * * *

(1) [Reserved]. For further guidance, see § 1.7520-1T(c)(1).

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 22 percent for valuation dates after April 30, 1999, and before May 1, 2009. The following publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office; however, they may be obtained from CC:PA:LPD:PR, Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(d) Effective/applicability dates. This section applies after April 30, 1989, and before May 1, 2009.

Par. 14. Section 1.7520-1T is added to read as follows:

§ 1.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests on or after May 1, 2009 (temporary).

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 1.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of certain transactions after April 30, 1989, subject to income tax, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. See § 20.2031-7T(d) (and, for certain prior periods, § 20.2031-7A) for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a transfer to a pooled income fund on or after May 1, 2009, see § 1.642(c)-6T(e) (or, for certain prior periods, § 1.642(c)-6A) with respect to the valuation of the remainder interest.

(3) [Reserved]. For further guidance, see § 1.7520-1(a)(3).

(b)(1) [Reserved]. For further guidance, see § 1.7520-1(b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For transactions with valuation dates on or after May 1, 2009, the mortality component table (Table 2000CM) is contained in § 20.2031-7T(d)(7). See § 20.2031-7A for mortality component tables applicable to transactions for which the valuation date falls before May 1, 2009.

(c) [Reserved]. For further guidance, see § 1.7520-1(c).

(1) Regulation sections containing tables with interest rates between 0.2 and 14 percent for valuation dates on or after May 1, 2009. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in § 1.642(c)-5. See § 1.642(c)-6A for actuarial factors for one life applicable to valuation dates before May 1, 2009. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4T(e)(7) contains Table U(1) (unitrust single life remainder factors). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in § 1.664-3. See § 1.664-4A for unitrust single life remainder factors applicable to valuation dates before May 1, 2009. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) contains Table S (single life remainder factors), and Table 2000CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See § 20.2031-7A for single life remainder factors for one life and mortality components applicable to valuation dates before May 1, 2009.

(2) Internal Revenue Service publications containing tables with interest rates between 0.2 and 22 percent for valuation dates on or after May 1, 2009. The following documents are available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov:

(i) Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in § 1.664-2 and a pooled income fund as defined in § 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in § 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication includes tables for computing depreciation adjustment factors. See § 1.170A-12T.

(d) Effective/applicability date. This section applies on or after May 1, 2009.

(e) Expiration date. This section expires on or before May 1, 2012.

PART 20 -- ESTATE TAX; ESTATES OF DECEDENTS DYING AFTER AUGUST 16, 1954

Par. 15. The authority citation for part 20 is amended by adding entries in numerical order to read in part as follows:

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

Section 20.2031-7T also issued under 26 U.S.C. 7520(c)(2).

Section 20.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 16. Section 20.2031-0 is revised to read as follows:

§ 20.2031-0 Table of contents.

This section lists the section headings and undesignated center headings that appear in the regulations under section 2031.

§ 20.2031-1 Definition of gross estate; valuation of property.

§ 20.2031-2 Valuation of stocks and bonds.

§ 20.2031-3 Valuation of interests in businesses.

§ 20.2031-4 Valuation of notes.

§ 20.2031-5 Valuation of cash on hand or on deposit.

§ 20.2031-6 Valuation of household and personal effects.

§ 20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or reversionary interests.

§ 20.2031-7T Valuation of annuities, interests for life or term of years, and remainder or reversionary interests (temporary).

§ 20.2031-8 Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.

§ 20.2031-9 Valuation of other property.

Actuarial Tables Applicable Before May 1, 2009.

§ 20.2031-7A Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 2009.

Par. 17. Section 20.2031-7 is amended as follows:

1. Revising paragraphs (c), (d)(1), (d)(2), (d)(3), (d)(4), (d)(5), and (e).

2. Redesignating paragraph (d)(7) as paragraph (f)(4) of § 20.2031-7A.

3. Adding new paragraph (d)(7).

The revisions and additions read as follows:

§ 20.2031-7 Valuation of annuities, interests for life or term of years, and remainder or reversionary interests.

* * * * *

(c) through (d)(5) [Reserved]. For further guidance, see § 20.2031-7T(c) through (d)(5).

* * * * *

(7) [Reserved]. For further guidance, see § 20.2031-7T(d)(7).

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

Par. 18. Section 20.2031-7T is added to read as follows:

§ 20.2031-7T Valuation of annuities, interests for life or term of years, and remainder or reversionary interests (temporary).

(a) through (b) [Reserved]. For further information see § 20.2031-7(a) through (b).

(c) Actuarial valuations. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is on or after May 1, 2009, is determined under paragraph (d) of this section. The present value of annuities, life estates, terms of years, remainders, and reversions for estates of decedents for which the valuation date of the gross estate is before May 1, 2009, is determined under the following sections:

   Valuation Date
                                    Applicable
 After        Before                Regulations

 --           01-01-52              20.2031-7A(a)
 12-31-51     01-01-71              20.2031-7A(b)
 12-31-70     12-01-83              20.2031-7A(c)
 11-30-83     05-01-89              20.2031-7A(d)
 04-30-89     05-01-99              20.2031-7A(e)
 04-30-99     05-01-09              20.2031-7A(f)

(d) Actuarial valuations on or after May 1, 2009 -- (1) In general. Except as otherwise provided in paragraph (b) of this section and § 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is on or after May 1, 2009, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value determined by use of standard or special section 7520 actuarial factors. These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. For purposes of the computations described in this section, the age of an individual is the age of that individual at the individual's nearest birthday. See §§ 20.7520-1 through 20.7520-4.

(2) Specific interests -- (i) Charitable remainder trusts. The fair market value of a remainder interest in a pooled income fund, as defined in § 1.642(c)-5, is its value determined under § 1.642(c)-6T(e). The fair market value of a remainder interest in a charitable remainder annuity trust, as defined in § 1.664-2(a), is the present value determined under § 1.664-2(c). The fair market value of a remainder interest in a charitable remainder unitrust, as defined in § 1.664-3, is its present value determined under § 1.664-4T(e). The fair market value of a life interest or term of years in a charitable remainder unitrust is the fair market value of the property as of the date of valuation less the fair market value of the remainder interest on that date determined under § 1.664-4T(e)(4) and (5).

(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in § 20.2031-7(d)(6) and Table S (for one measuring life when the valuation date is on or after May 1, 2009) is contained in paragraph (d)(7) of this section and in Internal Revenue Service Publication 1457. See § 20.2031-7A containing Table S for valuation of interests before May 1, 2009. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) Ordinary term-of-years and life interests. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain non-income-producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for a remainder interest after a term of years in Table B and after the life of one individual in Table S (for one measuring life when the valuation date is on or after May 1, 2009). However, term-of-years and life interest actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate and the term of years or the life) in Table B (for a term of years) in § 20.2031-7(d)(6) or in Table S (for the life of one individual) in paragraph (d)(7) of this section, as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Publication 1457 includes actuarial factors for a remainder interest in Table B (after an annuity payable for a term of years) and in Table S (after an annuity payable for the life of one individual when the valuation date is on or after May 1, 2009). However, annuity actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in paragraph (d)(7) of this section (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, a required annuity factor for a term of years or for one life may be mathematically derived. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in § 20.2031-7(d)(6) or in Table S (in the case of a one-life annuity when the valuation date is on or after May 1, 2009) in paragraph (d)(7) of this section, as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor as contained in Table K in § 20.2031-7(d)(6) for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

Example. At the time of the decedent's death, the survivor/annuitant, age 72, is entitled to receive an annuity of $15,000 a year for life payable in equal monthly installments at the end of each period. The section 7520 rate for the month in which the decedent died is 5.6 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 5.6 percent for an individual aged 72 is .53243. By converting the remainder factor to an annuity factor, as described above, the annuity factor at 5.6 percent for an individual aged 72 is 8.3495 (1.00000 minus .53243, divided by .056). Under Table K in § 20.2031-7(d)(6), the adjustment factor under the column for payments made at the end of each monthly period at the rate of 5.6 percent is 1.0254. The aggregate annual amount, $15,000, is multiplied by the factor 8.3495 and the product multiplied by 1.0254. The present value of the annuity at the date of the decedent's death is, therefore, $128,423.66 ($15,000 x 8.3495 x 1.0254).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in § 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment plus the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in this paragraph (d)(2)(iv).

(v) Annuity and unitrust interests for a term of years or until the prior death of an individual. See § 25.2512-5T(d)(2)(v) for examples explaining how to compute the present value of an annuity or unitrust interest that is payable until the earlier of the lapse of a specific number of years or the death of an individual.

(3) Transitional rule. (i) If a decedent dies on or after May 1, 2009, and if on May 1, 2009, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For examples, see § 20.2031-7A(d).

(ii) If a decedent dies on or after May 1, 2009, and before July 1, 2009, the fair market value of annuities, life estates, remainders, and reversions based on one or more measuring lives included in the gross estate of the decedent is their present value determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 20.7520-1(b) and 20.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (d)(7) of this section or § 20.2031-7A(f)(4), at the option of the decedent's executor.

(iii) For purposes of paragraphs (d)(3)(i) and (d)(3)(ii) of this section, where the decedent's executor is given the option to use the appropriate actuarial tables under either paragraph (d)(7) of this section or § 20.2031-7A(f)(4), the decedent's executor must use the same actuarial table with respect to each individual transaction and with respect to all transfers occurring on the valuation date (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all assets includible in the gross estate and/or estate tax deductions claimed must be valued based on the same tables).

(4) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in § 20.2031-7(d)(6) or in paragraph (d)(7) of this section are included in Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. This publication will be available beginning May 1, 2009, at no charge, electronically via the Internal Revenue Service Internet site at www.irs.gov. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(5) Examples. The provisions of this section are illustrated by the following examples:

Example 1. Remainder payable at an individual's death. The decedent, or the decedent's estate, was entitled to receive certain property worth $50,000 upon the death of A, to whom the income was bequeathed for life. At the time of the decedent's death, A was 47 years and 5 months old. In the month in which the decedent died, the section 7520 rate was 6.2 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 6.2 percent for determining the present value of the remainder interest due at the death of a person aged 47, the number of years nearest A's actual age at the decedent's death, is .18672. The present value of the remainder interest at the date of the decedent's death is, therefore, $9,336.00 ($50,000 X .18672).

Example 2. Income payable for an individual's life. A's parent bequeathed an income interest in property to A for life, with the remainder interest passing to B at A's death. At the time of the parent's death, the value of the property was $50,000 and A was 30 years and 10 months old. The section 7520 rate at the time of the parent's death was 6.2 percent. Under Table S in paragraph (d)(7) of this section, the remainder factor at 6.2 percent for determining the present value of the remainder interest due at the death of a person aged 31, the number of years closest to A's age at the decedent's death, is .08697. Converting this remainder factor to an income factor, as described in paragraph (d)(2)(iii) of this section, the factor for determining the present value of an income interest for the life of a person aged 31 is .91303. The present value of A's interest at the time of the parent's death is, therefore, $45,651.50 ($50,000 X .91303).

Example 3. Annuity payable for an individual's life. A purchased an annuity for the benefit of both A and B. Under the terms of the annuity contract, at A's death, a survivor annuity of $10,000 per year payable in equal semiannual installments made at the end of each interval is payable to B for life. At A's death, B was 45 years and 7 months old. Also, at A's death, the section 7520 rate was 4.8 percent. Under Table S in paragraph (d)(7) of this section, the factor at 4.8 percent for determining the present value of the remainder interest at the death of a person age 46 (the number of years nearest B's actual age) is .24774. By converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity payable until the death of a person age 46 is 15.6721 (1.00000 minus .24774, divided by .048). The adjustment factor from Table K in § 20.2031-7(d)(6) at an interest rate of 4.8 percent for semiannual annuity payments made at the end of the period is 1.0119. The present value of the annuity at the date of A's death is, therefore, $158,585.98 ($10,000 X 15.6721 X 1.0119).

Example 4. Annuity payable for a term of years. The decedent, or the decedent's estate, was entitled to receive an annuity of $10,000 per year payable in equal quarterly installments at the end of each quarter throughout a term certain. At the time of the decedent's death, the section 7520 rate was 9.8 percent. A quarterly payment had just been made prior to the decedent's death and payments were to continue for 5 more years. Under Table B in § 20.2031-7(d)(6) for the interest rate of 9.8 percent, the factor for the present value of a remainder interest due after a term of 5 years is .626597. Converting the factor to an annuity factor, as described in paragraph (d)(2)(iv)(A) of this section, the factor for the present value of an annuity for a term of 5 years is 3.8102 (1.00000 minus .626597, divided by .098). The adjustment factor from Table K in § 20.2031-7(d)(6) at an interest rate of 9.8 percent for quarterly annuity payments made at the end of the period is 1.0360. The present value of the annuity is, therefore, $39,473.67 ($10,000 X 3.8102 X 1.0360).

(6) [Reserved]. For further guidance, see § 20.2031-7(d)(6).

(7) Actuarial Table S and Table 2000CM where the valuation date is on or after May 1, 2009. Except as provided in § 20.7520-2(b) (pertaining to certain limitations on the use of prescribed tables), for determination of the present value of an interest that is dependent on the termination of a life interest, Table 2000CM and Table S (single life remainder factors applicable where the valuation date is on or after May 1, 2009) contained in this paragraph (d)(7) and Table J and Table K contained in § 20.2031-7(d)(6), must be used in the application of the provisions of this section when the section 7520 interest rate component is between 0.2 and 14 percent.

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                   Interest Rate
 ---------------------------------------------------------------------------
 AGE     0.2%   0.4%   0.6%   0.8%   1.0%   1.2%   1.4%   1.6%   1.8%   2.0%
 ---------------------------------------------------------------------------
   0   .85816 .73751 .63478 .54723 .47252 .40872 .35416 .30747 .26745 .23313
   1   .85889 .73863 .63604 .54844 .47355 .40948 .35459 .30752 .26711 .23239
   2   .86054 .74145 .63968 .55260 .47802 .41409 .35922 .31209 .27155 .23664
   3   .86221 .74433 .64339 .55687 .48263 .41887 .36404 .31685 .27619 .24112
   4   .86390 .74725 .64716 .56121 .48733 .42374 .36898 .32175 .28098 .24575

   5   .86560 .75018 .65097 .56561 .49209 .42871 .37401 .32675 .28588 .25050
   6   .86731 .75314 .65482 .57006 .49692 .43375 .37913 .33186 .29090 .25538
   7   .86902 .75611 .65868 .57454 .50180 .43885 .38432 .33704 .29601 .26035
   8   .87073 .75909 .66258 .57907 .50674 .44403 .38960 .34233 .30122 .26544
   9   .87246 .76209 .66651 .58364 .51173 .44928 .39497 .34771 .30654 .27064

  10   .87419 .76511 .67046 .58826 .51679 .45459 .40042 .35319 .31197 .27596
  11   .87592 .76814 .67445 .59291 .52190 .45998 .40596 .35876 .31750 .28139
  12   .87766 .77119 .67845 .59761 .52706 .46544 .41157 .36443 .32313 .28693
  13   .87939 .77424 .68247 .60232 .53225 .47094 .41723 .37015 .32884 .29255
  14   .88112 .77728 .68649 .60704 .53746 .47646 .42293 .37592 .33460 .29823

  15   .88284 .78031 .69050 .61176 .54267 .48199 .42865 .38172 .34038 .30394
  16   .88455 .78333 .69449 .61647 .54788 .48752 .43437 .38752 .34619 .30968
  17   .88625 .78633 .69848 .62117 .55309 .49307 .44012 .39336 .35203 .31546
  18   .88795 .78933 .70246 .62588 .55830 .49863 .44589 .39923 .35791 .32129
  19   .88964 .79232 .70644 .63059 .56354 .50422 .45170 .40514 .36385 .32719

  20   .89132 .79532 .71044 .63534 .56882 .50987 .45757 .41114 .36987 .33317
  21   .89301 .79832 .71445 .64010 .57413 .51555 .46350 .41719 .37597 .33925
  22   .89470 .80133 .71847 .64488 .57947 .52129 .46948 .42332 .38216 .34541
  23   .89639 .80434 .72251 .64970 .58486 .52708 .47554 .42954 .38844 .35168
  24   .89808 .80737 .72658 .65456 .59031 .53295 .48169 .43586 .39484 .35809

  25   .89978 .81042 .73068 .65947 .59583 .53890 .48795 .44230 .40137 .36464
  26   .90149 .81349 .73482 .66443 .60141 .54494 .49430 .44886 .40804 .37134
  27   .90320 .81657 .73899 .66944 .60707 .55107 .50076 .45554 .41484 .37819
  28   .90492 .81968 .74319 .67450 .61278 .55728 .50733 .46233 .42178 .38520
  29   .90665 .82279 .74741 .67960 .61856 .56356 .51398 .46924 .42884 .39233

  30   .90837 .82591 .75165 .68473 .62438 .56990 .52070 .47623 .43601 .39959
  31   .91010 .82904 .75592 .68989 .63024 .57631 .52751 .48333 .44329 .40698
  32   .91182 .83218 .76020 .69509 .63616 .58278 .53440 .49052 .45068 .41449
  33   .91355 .83532 .76449 .70031 .64212 .58931 .54137 .49780 .45818 .42213
  34   .91527 .83847 .76880 .70556 .64811 .59589 .54839 .50516 .46578 .42988

  35   .91700 .84162 .77312 .71082 .65414 .60253 .55549 .51261 .47347 .43774
  36   .91872 .84477 .77744 .71611 .66021 .60921 .56266 .52014 .48127 .44572
  37   .92043 .84792 .78178 .72142 .66631 .61594 .56989 .52774 .48916 .45381
  38   .92215 .85107 .78613 .72675 .67244 .62272 .57718 .53544 .49715 .46201
  39   .92386 .85422 .79048 .73210 .67860 .62955 .58453 .54320 .50523 .47032

  40   .92557 .85736 .79483 .73746 .68479 .63641 .59194 .55104 .51340 .47873
  41   .92727 .86050 .79918 .74283 .69100 .64331 .59940 .55894 .52165 .48724
  42   .92896 .86364 .80354 .74820 .69723 .65024 .60690 .56691 .52998 .49585
  43   .93065 .86677 .80789 .75359 .70348 .65721 .61447 .57495 .53840 .50457
  44   .93234 .86990 .81225 .75899 .70976 .66422 .62208 .58305 .54690 .51338

  45   .93402 .87302 .81660 .76439 .71605 .67125 .62973 .59122 .55547 .52228
  46   .93569 .87613 .82095 .76980 .72236 .67832 .63743 .59945 .56413 .53129
  47   .93735 .87924 .82530 .77521 .72867 .68541 .64517 .60773 .57286 .54037
  48   .93901 .88233 .82964 .78062 .73501 .69253 .65295 .61606 .58166 .54955
  49   .94065 .88541 .83397 .78604 .74135 .69967 .66077 .62446 .59053 .55882

  50   .94229 .88849 .83830 .79145 .74771 .70684 .66864 .63292 .59949 .56819
  51   .94393 .89156 .84263 .79688 .75409 .71404 .67655 .64143 .60852 .57766
  52   .94556 .89462 .84695 .80230 .76048 .72127 .68450 .65001 .61763 .58722
  53   .94717 .89767 .85126 .80772 .76687 .72852 .69249 .65863 .62680 .59687
  54   .94878 .90070 .85555 .81313 .77326 .73577 .70050 .66730 .63603 .60658

  55   .95037 .90371 .85983 .81853 .77964 .74302 .70851 .67598 .64530 .61635
  56   .95195 .90670 .86406 .82388 .78599 .75024 .71651 .68465 .65457 .62613
  57   .95351 .90965 .86827 .82920 .79230 .75744 .72448 .69332 .66384 .63593
  58   .95505 .91257 .87243 .83447 .79857 .76459 .73242 .70195 .67309 .64573
  59   .95657 .91546 .87655 .83970 .80479 .77170 .74033 .71057 .68233 .65553

  60   .95807 .91832 .88064 .84490 .81098 .77879 .74822 .71918 .69158 .66534
  61   .95955 .92115 .88469 .85005 .81713 .78584 .75608 .72776 .70081 .67515
  62   .96101 .92395 .88869 .85515 .82323 .79283 .76388 .73630 .71001 .68494
  63   .96245 .92670 .89265 .86020 .82926 .79977 .77164 .74479 .71917 .69470
  64   .96387 .92942 .89655 .86518 .83524 .80665 .77933 .75323 .72828 .70443

  65   .96527 .93210 .90040 .87011 .84116 .81346 .78697 .76162 .73735 .71411
  66   .96665 .93476 .90423 .87502 .84706 .82027 .79461 .77002 .74645 .72385
  67   .96802 .93739 .90803 .87990 .85292 .82705 .80223 .77841 .75554 .73359
  68   .96937 .93999 .91179 .88472 .85874 .83378 .80980 .78676 .76461 .74331
  69   .97070 .94255 .91549 .88949 .86449 .84044 .81731 .79504 .77362 .75299
  70   .97200 .94506 .91914 .89419 .87016 .84702 .82473 .80326 .78256 .76260

  71   .97328 .94754 .92273 .89882 .87577 .85353 .83209 .81140 .79143 .77215
  72   .97453 .94997 .92626 .90338 .88129 .85996 .83935 .81945 .80021 .78162
  73   .97576 .95234 .92972 .90785 .88671 .86627 .84651 .82739 .80888 .79098
  74   .97695 .95466 .93310 .91223 .89202 .87247 .85353 .83518 .81741 .80019

  75   .97811 .95692 .93638 .91649 .89720 .87851 .86039 .84281 .82577 .80923
  76   .97924 .95910 .93957 .92063 .90224 .88440 .86708 .85026 .83393 .81807
  77   .98033 .96122 .94267 .92465 .90715 .89013 .87360 .85753 .84191 .82671
  78   .98138 .96327 .94567 .92855 .91190 .89571 .87995 .86461 .84968 .83515
  79   .98239 .96526 .94857 .93233 .91652 .90112 .88611 .87149 .85725 .84337

  80   .98337 .96717 .95138 .93598 .92098 .90635 .89208 .87817 .86460 .85135
  81   .98431 .96901 .95408 .93951 .92529 .91141 .89786 .88463 .87172 .85910
  82   .98521 .97077 .95667 .94290 .92944 .91629 .90344 .89088 .87861 .86660
  83   .98608 .97247 .95917 .94616 .93343 .92099 .90882 .89691 .88526 .87385
  84   .98691 .97409 .96156 .94928 .93727 .92551 .91399 .90271 .89166 .88084

  85   .98770 .97565 .96384 .95228 .94094 .92984 .91895 .90828 .89782 .88757
  86   .98845 .97713 .96602 .95514 .94446 .93398 .92371 .91362 .90373 .89402
  87   .98917 .97854 .96810 .95786 .94781 .93794 .92825 .91873 .90939 .90021
  88   .98985 .97988 .97008 .96046 .95100 .94171 .93258 .92361 .91479 .90612
  89   .99049 .98115 .97196 .96292 .95404 .94530 .93671 .92826 .91994 .91176

  90   .99110 .98235 .97373 .96526 .95691 .94871 .94062 .93267 .92484 .91713
  91   .99168 .98348 .97541 .96747 .95964 .95193 .94434 .93686 .92949 .92223
  92   .99222 .98455 .97700 .96955 .96222 .95498 .94785 .94083 .93390 .92707
  93   .99273 .98556 .97849 .97152 .96464 .95786 .95117 .94457 .93806 .93163
  94   .99321 .98651 .97989 .97337 .96692 .96057 .95429 .94810 .94199 .93595

  95   .99366 .98739 .98121 .97510 .96907 .96312 .95724 .95143 .94569 .94002
  96   .99408 .98822 .98244 .97673 .97108 .96551 .95999 .95454 .94916 .94384
  97   .99447 .98900 .98359 .97825 .97297 .96774 .96258 .95747 .95242 .94742
  98   .99483 .98973 .98467 .97967 .97473 .96984 .96500 .96021 .95547 .95078
  99   .99518 .99040 .98568 .98101 .97638 .97180 .96727 .96278 .95834 .95394

 100   .99549 .99103 .98661 .98224 .97791 .97362 .96937 .96516 .96100 .95687
 101   .99579 .99162 .98750 .98340 .97935 .97534 .97136 .96742 .96351 .95964
 102   .99607 .99217 .98831 .98448 .98068 .97692 .97319 .96950 .96583 .96220
 103   .99634 .99271 .98911 .98553 .98199 .97848 .97500 .97155 .96812 .96473
 104   .99659 .99320 .98984 .98651 .98320 .97992 .97666 .97344 .97023 .96705

 105   .99683 .99369 .99056 .98747 .98439 .98134 .97830 .97530 .97231 .96934
 106   .99713 .99429 .99146 .98865 .98586 .98309 .98033 .97760 .97488 .97218
 107   .99747 .99496 .99246 .98998 .98751 .98506 .98262 .98020 .97779 .97539
 108   .99800 .99602 .99404 .99208 .99012 .98818 .98624 .98431 .98240 .98049
 109   .99900 .99801 .99702 .99603 .99505 .99407 .99310 .99213 .99116 .99020

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                   Interest Rate
 ---------------------------------------------------------------------------
 AGE     2.2%   2.4%   2.6%   2.8%   3.0%   3.2%   3.4%   3.6%   3.8%   4.0%
 ---------------------------------------------------------------------------
   0   .20365 .17830 .15648 .13767 .12144 .10741 .09528 .08476 .07564 .06772
   1   .20251 .17677 .15458 .13542 .11885 .10451 .09209 .08131 .07194 .06379
   2   .20656 .18060 .15817 .13877 .12197 .10740 .09476 .08376 .07420 .06586
   3   .21084 .18466 .16200 .14236 .12533 .11054 .09767 .08647 .07670 .06817
   4   .21527 .18888 .16600 .14613 .12887 .11385 .10076 .08935 .07938 .07066

   5   .21984 .19324 .17013 .15004 .13255 .11730 .10399 .09237 .08220 .07329
   6   .22454 .19773 .17440 .15408 .13636 .12089 .10736 .09553 .08515 .07605
   7   .22933 .20233 .17879 .15824 .14030 .12460 .11085 .09880 .08822 .07892
   8   .23425 .20705 .18330 .16254 .14436 .12844 .11447 .10221 .09142 .08193
   9   .23930 .21191 .18795 .16697 .14857 .13243 .11824 .10576 .09476 .08507

  10   .24446 .21689 .19273 .17153 .15292 .13655 .12214 .10945 .09824 .08835
  11   .24975 .22200 .19764 .17623 .15740 .14081 .12619 .11328 .10187 .09177
  12   .25515 .22724 .20268 .18107 .16202 .14521 .13037 .11724 .10563 .09533
  13   .26064 .23256 .20782 .18600 .16674 .14972 .13466 .12132 .10949 .09900
  14   .26620 .23796 .21303 .19101 .17154 .15430 .13903 .12547 .11344 .10273

  15   .27179 .24340 .21829 .19607 .17639 .15894 .14344 .12968 .11743 .10652
  16   .27742 .24887 .22358 .20117 .18128 .16361 .14790 .13391 .12145 .11034
  17   .28309 .25439 .22893 .20632 .18622 .16834 .15241 .13821 .12554 .11421
  18   .28881 .25997 .23434 .21154 .19123 .17314 .15699 .14258 .12969 .11815
  19   .29461 .26563 .23983 .21684 .19633 .17803 .16167 .14703 .13393 .12218

  20   .30050 .27139 .24543 .22226 .20156 .18304 .16646 .15161 .13829 .12633
  21   .30649 .27726 .25114 .22779 .20689 .18817 .17138 .15631 .14277 .13060
  22   .31259 .28323 .25697 .23344 .21235 .19342 .17642 .16114 .14739 .13500
  23   .31879 .28934 .26293 .23923 .21795 .19882 .18161 .16612 .15215 .13955
  24   .32515 .29559 .26904 .24519 .22372 .20440 .18699 .17128 .15710 .14429

  25   .33166 .30201 .27534 .25133 .22969 .21018 .19256 .17665 .16226 .14924
  26   .33833 .30861 .28182 .25767 .23586 .21616 .19835 .18224 .16764 .15440
  27   .34517 .31538 .28849 .26420 .24224 .22236 .20436 .18804 .17324 .15980
  28   .35217 .32233 .29535 .27093 .24882 .22877 .21058 .19407 .17907 .16542
  29   .35932 .32944 .30237 .27784 .25558 .23537 .21701 .20031 .18511 .17126

  30   .36661 .33670 .30956 .28492 .26253 .24216 .22362 .20674 .19135 .17730
  31   .37403 .34411 .31691 .29217 .26965 .24914 .23044 .21338 .19779 .18355
  32   .38160 .35167 .32442 .29960 .27697 .25631 .23745 .22022 .20445 .19002
  33   .38930 .35939 .33211 .30721 .28447 .26368 .24467 .22727 .21133 .19671
  34   .39713 .36724 .33993 .31497 .29213 .27123 .25207 .23451 .21839 .20360

  35   .40509 .37523 .34792 .32290 .29998 .27896 .25967 .24195 .22567 .21070
  36   .41318 .38337 .35606 .33100 .30800 .28688 .26746 .24961 .23317 .21803
  37   .42139 .39165 .36435 .33927 .31621 .29499 .27546 .25746 .24087 .22557
  38   .42974 .40008 .37281 .34771 .32460 .30330 .28366 .26554 .24880 .23334
  39   .43821 .40864 .38141 .35631 .33316 .31179 .29205 .27381 .25694 .24133

  40   .44679 .41734 .39016 .36507 .34189 .32046 .30064 .28229 .26529 .24954
  41   .45549 .42616 .39906 .37399 .35080 .32932 .30942 .29097 .27386 .25797
  42   .46430 .43511 .40809 .38307 .35987 .33836 .31840 .29986 .28264 .26662
  43   .47324 .44421 .41729 .39232 .36913 .34760 .32758 .30897 .29165 .27552
  44   .48229 .45343 .42663 .40172 .37857 .35702 .33697 .31829 .30088 .28465

  45   .49144 .46277 .43611 .41128 .38817 .36663 .34655 .32782 .31033 .29400
  46   .50072 .47225 .44574 .42101 .39796 .37644 .35634 .33757 .32002 .30360
  47   .51009 .48185 .45550 .43089 .40791 .38642 .36633 .34753 .32992 .31343
  48   .51958 .49158 .46540 .44093 .41803 .39660 .37652 .35770 .34006 .32351
  49   .52917 .50143 .47545 .45113 .42833 .40696 .38691 .36810 .35043 .33383

  50   .53888 .51141 .48566 .46150 .43883 .41754 .39754 .37874 .36106 .34442
  51   .54871 .52153 .49602 .47204 .44951 .42832 .40838 .38961 .37194 .35528
  52   .55865 .53179 .50653 .48276 .46038 .43931 .41945 .40073 .38307 .36641
  53   .56869 .54217 .51718 .49363 .47143 .45050 .43074 .41208 .39446 .37781
  54   .57882 .55265 .52796 .50465 .48265 .46186 .44222 .42364 .40607 .38945

  55   .58902 .56322 .53884 .51579 .49400 .47338 .45387 .43540 .41789 .40131
  56   .59926 .57383 .54978 .52701 .50544 .48501 .46565 .44729 .42987 .41335
  57   .60951 .58449 .56078 .53830 .51698 .49675 .47755 .45932 .44201 .42555
  58   .61978 .59517 .57182 .54964 .52858 .50858 .48956 .47147 .45427 .43790
  59   .63007 .60589 .58290 .56105 .54027 .52050 .50167 .48375 .46668 .45041

  60   .64039 .61665 .59405 .57254 .55205 .53253 .51392 .49617 .47925 .46310
  61   .65072 .62743 .60524 .58409 .56390 .54465 .52627 .50872 .49196 .47595
  62   .66104 .63822 .61645 .59566 .57581 .55683 .53870 .52136 .50478 .48892
  63   .67133 .64900 .62766 .60726 .58774 .56907 .55120 .53409 .51770 .50200
  64   .68161 .65977 .63887 .61887 .59970 .58134 .56375 .54688 .53071 .51519

  65   .69186 .67053 .65009 .63049 .61170 .59367 .57637 .55976 .54381 .52849
  66   .70216 .68136 .66140 .64223 .62383 .60615 .58916 .57283 .55713 .54203
  67   .71250 .69224 .67277 .65405 .63605 .61874 .60208 .58605 .57062 .55575
  68   .72283 .70312 .68416 .66590 .64833 .63140 .61509 .59938 .58423 .56963
  69   .73312 .71398 .69553 .67776 .66062 .64409 .62815 .61277 .59793 .58360
  70   .74335 .72479 .70688 .68959 .67291 .65680 .64124 .62621 .61168 .59764

  71   .75353 .73556 .71819 .70141 .68519 .66951 .65434 .63968 .62549 .61176
  72   .76364 .74626 .72945 .71318 .69744 .68220 .66745 .65317 .63933 .62593
  73   .77365 .75686 .74061 .72487 .70962 .69484 .68051 .66662 .65315 .64009
  74   .78350 .76733 .75164 .73643 .72167 .70735 .69346 .67997 .66688 .65417

  75   .79318 .77761 .76249 .74781 .73355 .71971 .70625 .69318 .68048 .66813
  76   .80266 .78769 .77314 .75899 .74524 .73187 .71886 .70621 .69390 .68192
  77   .81194 .79756 .78358 .76997 .75672 .74382 .73127 .71904 .70713 .69553
  78   .82100 .80722 .79380 .78072 .76798 .75556 .74346 .73166 .72016 .70894
  79   .82984 .81664 .80378 .79124 .77900 .76706 .75542 .74405 .73296 .72213

  80   .83843 .82582 .81351 .80149 .78976 .77830 .76711 .75618 .74550 .73507
  81   .84678 .83474 .82298 .81148 .80025 .78927 .77853 .76803 .75777 .74773
  82   .85487 .84339 .83217 .82119 .81045 .79994 .78966 .77959 .76974 .76009
  83   .86269 .85177 .84107 .83060 .82035 .81030 .80047 .79083 .78139 .77214
  84   .87024 .85986 .84968 .83970 .82993 .82035 .81095 .80174 .79271 .78385

  85   .87751 .86765 .85798 .84849 .83919 .83005 .82110 .81230 .80368 .79521
  86   .88450 .87515 .86597 .85696 .84811 .83942 .83089 .82251 .81428 .80619
  87   .89119 .88234 .87363 .86508 .85668 .84843 .84031 .83234 .82450 .81679
  88   .89760 .88922 .88099 .87289 .86492 .85708 .84938 .84180 .83434 .82700
  89   .90372 .89580 .88801 .88034 .87280 .86537 .85806 .85087 .84378 .83681

  90   .90954 .90207 .89471 .88746 .88032 .87329 .86637 .85954 .85282 .84620
  91   .91508 .90803 .90109 .89424 .88750 .88085 .87429 .86783 .86146 .85518
  92   .92033 .91369 .90714 .90068 .89432 .88803 .88184 .87572 .86969 .86374
  93   .92530 .91904 .91287 .90678 .90078 .89484 .88899 .88321 .87751 .87188
  94   .92999 .92411 .91830 .91256 .90690 .90130 .89578 .89032 .88493 .87961

  95   .93442 .92889 .92342 .91802 .91269 .90741 .90220 .89706 .89197 .88694
  96   .93858 .93338 .92824 .92316 .91813 .91316 .90825 .90340 .89859 .89385
  97   .94248 .93759 .93276 .92798 .92325 .91857 .91395 .90937 .90484 .90036
  98   .94614 .94155 .93701 .93252 .92807 .92367 .91931 .91500 .91073 .90650
  99   .94959 .94528 .94101 .93679 .93260 .92846 .92436 .92030 .91628 .91229

 100   .95278 .94874 .94473 .94075 .93682 .93292 .92906 .92523 .92144 .91769
 101   .95581 .95201 .94824 .94451 .94081 .93715 .93352 .92992 .92635 .92281
 102   .95860 .95503 .95149 .94798 .94450 .94105 .93763 .93424 .93088 .92754
 103   .96136 .95802 .95470 .95142 .94816 .94492 .94171 .93853 .93538 .93224
 104   .96390 .96077 .95766 .95458 .95152 .94848 .94547 .94248 .93951 .93657

 105   .96640 .96347 .96057 .95769 .95483 .95199 .94917 .94637 .94359 .94083
 106   .96950 .96684 .96420 .96157 .95896 .95636 .95379 .95123 .94868 .94616
 107   .97301 .97064 .96829 .96595 .96362 .96131 .95901 .95672 .95445 .95219
 108   .97859 .97670 .97482 .97295 .97109 .96923 .96739 .96555 .96373 .96191
 109   .98924 .98828 .98733 .98638 .98544 .98450 .98356 .98263 .98170 .98077

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     4.2%   4.4%   4.6%   4.8%   5.0%   5.2%   5.4%   5.6%   5.8%   6.0%
 ---------------------------------------------------------------------------
   0   .06083 .05483 .04959 .04501 .04101 .03749 .03441 .03170 .02931 .02721
   1   .05668 .05049 .04507 .04034 .03618 .03254 .02934 .02652 .02403 .02183
   2   .05858 .05222 .04665 .04178 .03750 .03373 .03042 .02750 .02492 .02264
   3   .06072 .05420 .04848 .04346 .03904 .03516 .03173 .02871 .02603 .02366
   4   .06303 .05634 .05046 .04530 .04075 .03674 .03319 .03006 .02729 .02483

   5   .06547 .05861 .05258 .04726 .04258 .03844 .03478 .03153 .02866 .02610
   6   .06805 .06102 .05482 .04935 .04453 .04026 .03647 .03312 .03014 .02749
   7   .07074 .06353 .05717 .05155 .04658 .04217 .03826 .03479 .03171 .02895
   8   .07356 .06617 .05964 .05386 .04875 .04421 .04017 .03658 .03338 .03053
   9   .07651 .06895 .06225 .05631 .05105 .04637 .04220 .03849 .03518 .03222

  10   .07960 .07185 .06499 .05889 .05347 .04865 .04435 .04052 .03709 .03402
  11   .08283 .07490 .06786 .06160 .05603 .05106 .04663 .04267 .03912 .03594
  12   .08620 .07808 .07087 .06444 .05871 .05360 .04903 .04494 .04127 .03798
  13   .08967 .08137 .07397 .06738 .06149 .05623 .05152 .04729 .04351 .04010
  14   .09321 .08472 .07715 .07038 .06433 .05892 .05406 .04971 .04579 .04227

  15   .09680 .08812 .08036 .07342 .06721 .06164 .05664 .05214 .04810 .04445
  16   .10041 .09154 .08360 .07649 .07011 .06438 .05923 .05459 .05041 .04664
  17   .10409 .09502 .08689 .07960 .07305 .06716 .06185 .05707 .05276 .04886
  18   .10782 .09855 .09024 .08276 .07604 .06998 .06452 .05959 .05514 .05111
  19   .11164 .10217 .09366 .08600 .07910 .07288 .06726 .06218 .05758 .05341

  20   .11559 .10592 .09721 .08937 .08228 .07589 .07010 .06487 .06012 .05582
  21   .11965 .10977 .10087 .09283 .08557 .07900 .07305 .06765 .06276 .05831
  22   .12383 .11376 .10465 .09642 .08897 .08223 .07610 .07055 .06550 .06090
  23   .12817 .11789 .10859 .10016 .09252 .08559 .07930 .07358 .06837 .06363
  24   .13270 .12221 .11270 .10408 .09625 .08914 .08267 .07678 .07141 .06651

  25   .13744 .12674 .11703 .10821 .10019 .09289 .08625 .08018 .07465 .06960
  26   .14239 .13149 .12158 .11256 .10435 .09686 .09003 .08380 .07810 .07288
  27   .14758 .13647 .12636 .11714 .10873 .10106 .09405 .08764 .08177 .07639
  28   .15300 .14169 .13137 .12195 .11335 .10549 .09829 .09171 .08567 .08012
  29   .15864 .14712 .13660 .12698 .11819 .11013 .10275 .09598 .08977 .08406

  30   .16448 .15275 .14203 .13222 .12323 .11498 .10742 .10047 .09408 .08820
  31   .17053 .15861 .14769 .13768 .12849 .12006 .11230 .10517 .09860 .09255
  32   .17680 .16468 .15357 .14336 .13398 .12535 .11741 .11009 .10335 .09712
  33   .18330 .17099 .15968 .14927 .13970 .13088 .12275 .11525 .10832 .10192
  34   .19000 .17750 .16599 .15539 .14562 .13661 .12829 .12061 .11350 .10693

  35   .19692 .18423 .17253 .16174 .15178 .14258 .13408 .12621 .11892 .11217
  36   .20407 .19119 .17931 .16833 .15818 .14879 .14009 .13204 .12457 .11764
  37   .21144 .19838 .18631 .17515 .16481 .15523 .14635 .13811 .13046 .12335
  38   .21904 .20582 .19357 .18222 .17170 .16193 .15287 .14444 .13661 .12932
  39   .22687 .21348 .20105 .18952 .17882 .16887 .15962 .15102 .14300 .13554

  40   .23493 .22137 .20878 .19707 .18619 .17606 .16663 .15784 .14965 .14201
  41   .24322 .22950 .21674 .20487 .19381 .18350 .17390 .16493 .15656 .14873
  42   .25173 .23786 .22494 .21290 .20168 .19120 .18141 .17227 .16372 .15572
  43   .26049 .24648 .23342 .22122 .20982 .19918 .18922 .17990 .17118 .16301
  44   .26950 .25535 .24214 .22979 .21824 .20742 .19730 .18781 .17892 .17057

  45   .27874 .26447 .25112 .23862 .22692 .21595 .20566 .19600 .18694 .17843
  46   .28824 .27385 .26038 .24774 .23589 .22476 .21431 .20450 .19527 .18659
  47   .29798 .28349 .26989 .25712 .24513 .23386 .22326 .21328 .20390 .19505
  48   .30797 .29338 .27967 .26678 .25466 .24325 .23250 .22238 .21283 .20383
  49   .31822 .30355 .28974 .27674 .26449 .25294 .24206 .23179 .22210 .21294

  50   .32876 .31401 .30011 .28701 .27465 .26298 .25196 .24156 .23172 .22242
  51   .33958 .32477 .31079 .29759 .28513 .27335 .26221 .25168 .24170 .23226
  52   .35068 .33582 .32178 .30851 .29595 .28407 .27282 .26216 .25206 .24249
  53   .36206 .34717 .33308 .31974 .30710 .29513 .28378 .27301 .26279 .25309
  54   .37371 .35880 .34467 .33127 .31857 .30651 .29507 .28420 .27388 .26406

  55   .38559 .37067 .35652 .34308 .33032 .31820 .30668 .29572 .28529 .27537
  56   .39765 .38275 .36859 .35512 .34232 .33014 .31855 .30751 .29699 .28697
  57   .40990 .39502 .38086 .36739 .35455 .34233 .33068 .31957 .30898 .29887
  58   .42231 .40747 .39333 .37985 .36700 .35474 .34304 .33188 .32121 .31103
  59   .43490 .42011 .40600 .39253 .37968 .36740 .35567 .34446 .33374 .32348

  60   .44768 .43296 .41890 .40546 .39261 .38033 .36858 .35733 .34656 .33625
  61   .46064 .44600 .43200 .41860 .40578 .39351 .38175 .37048 .35968 .34933
  62   .47373 .45920 .44527 .43194 .41915 .40690 .39514 .38387 .37305 .36267
  63   .48696 .47253 .45870 .44544 .43271 .42049 .40876 .39749 .38666 .37625
  64   .50030 .48601 .47229 .45911 .44645 .43428 .42258 .41133 .40051 .39010

  65   .51377 .49963 .48603 .47295 .46037 .44827 .43662 .42540 .41460 .40420
  66   .52750 .51352 .50007 .48711 .47464 .46262 .45103 .43987 .42911 .41872
  67   .54144 .52765 .51436 .50154 .48919 .47727 .46578 .45468 .44397 .43363
  68   .55554 .54196 .52885 .51619 .50398 .49218 .48079 .46978 .45915 .44887
  69   .56976 .55640 .54349 .53102 .51896 .50731 .49603 .48513 .47458 .46438
  70   .58407 .57095 .55826 .54598 .53410 .52260 .51147 .50069 .49025 .48013

  71   .59848 .58561 .57316 .56109 .54940 .53808 .52710 .51646 .50615 .49614
  72   .61294 .60035 .58815 .57632 .56484 .55371 .54291 .53243 .52225 .51237
  73   .62741 .61512 .60318 .59160 .58035 .56943 .55882 .54851 .53849 .52876
  74   .64183 .62983 .61818 .60686 .59586 .58516 .57476 .56464 .55480 .54523

  75   .65612 .64444 .63309 .62204 .61129 .60083 .59065 .58074 .57109 .56169
  76   .67026 .65891 .64786 .63710 .62661 .61640 .60646 .59676 .58731 .57810
  77   .68423 .67321 .66248 .65201 .64181 .63186 .62215 .61269 .60345 .59444
  78   .69800 .68733 .67692 .66676 .65684 .64717 .63772 .62849 .61948 .61068
  79   .71156 .70124 .69116 .68132 .67170 .66230 .65312 .64414 .63537 .62680

  80   .72487 .71490 .70516 .69563 .68632 .67721 .66830 .65959 .65106 .64272
  81   .73791 .72830 .71890 .70970 .70069 .69188 .68325 .67481 .66654 .65844
  82   .75065 .74140 .73235 .72348 .71479 .70628 .69794 .68977 .68176 .67391
  83   .76308 .75419 .74548 .73695 .72858 .72037 .71232 .70443 .69669 .68909
  84   .77516 .76664 .75828 .75008 .74203 .73413 .72638 .71877 .71130 .70396

  85   .78689 .77873 .77072 .76285 .75512 .74753 .74008 .73275 .72556 .71849
  86   .79825 .79044 .78278 .77524 .76783 .76055 .75340 .74636 .73944 .73264
  87   .80921 .80176 .79443 .78722 .78014 .77316 .76630 .75956 .75292 .74638
  88   .81978 .81268 .80569 .79880 .79203 .78536 .77880 .77234 .76598 .75971
  89   .82994 .82317 .81651 .80995 .80349 .79712 .79085 .78467 .77859 .77259

  90   .83967 .83324 .82690 .82065 .81450 .80843 .80244 .79655 .79073 .78500
  91   .84898 .84288 .83685 .83091 .82505 .81928 .81358 .80795 .80241 .79693
  92   .85787 .85208 .84636 .84072 .83515 .82966 .82423 .81888 .81360 .80838
  93   .86632 .86083 .85541 .85006 .84477 .83955 .83440 .82931 .82428 .81931
  94   .87435 .86915 .86402 .85894 .85393 .84898 .84409 .83925 .83447 .82975

  95   .88197 .87705 .87219 .86739 .86265 .85795 .85331 .84872 .84419 .83970
  96   .88915 .88451 .87991 .87537 .87088 .86643 .86203 .85768 .85338 .84912
  97   .89593 .89154 .88720 .88290 .87865 .87444 .87028 .86616 .86208 .85804
  98   .90232 .89818 .89408 .89002 .88600 .88202 .87808 .87418 .87031 .86649
  99   .90835 .90444 .90057 .89674 .89294 .88918 .88546 .88177 .87811 .87449

 100   .91397 .91028 .90663 .90301 .89942 .89587 .89234 .88885 .88539 .88196
 101   .91930 .91583 .91238 .90897 .90558 .90223 .89890 .89560 .89233 .88908
 102   .92424 .92096 .91771 .91448 .91128 .90811 .90496 .90184 .89875 .89568
 103   .92914 .92605 .92300 .91996 .91695 .91397 .91100 .90806 .90514 .90225
 104   .93364 .93074 .92786 .92501 .92217 .91935 .91656 .91379 .91103 .90830

 105   .93809 .93537 .93266 .92998 .92731 .92467 .92204 .91943 .91683 .91426
 106   .94365 .94115 .93867 .93621 .93376 .93133 .92892 .92651 .92413 .92176
 107   .94994 .94771 .94549 .94328 .94108 .93890 .93673 .93457 .93242 .93028
 108   .96010 .95830 .95651 .95472 .95295 .95118 .94942 .94767 .94593 .94420
 109   .97985 .97893 .97801 .97710 .97619 .97529 .97438 .97348 .97259 .97170

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     6.2%   6.4%   6.6%   6.8%   7.0%   7.2%   7.4%   7.6%   7.8%   8.0%
 ---------------------------------------------------------------------------
   0   .02534 .02370 .02223 .02093 .01978 .01874 .01782 .01699 .01625 .01559
   1   .01989 .01817 .01664 .01528 .01406 .01298 .01202 .01115 .01037 .00967
   2   .02061 .01882 .01722 .01580 .01454 .01340 .01239 .01148 .01066 .00993
   3   .02156 .01969 .01802 .01654 .01521 .01403 .01297 .01201 .01115 .01038
   4   .02264 .02069 .01896 .01741 .01602 .01478 .01367 .01267 .01176 .01095

   5   .02383 .02180 .01999 .01838 .01693 .01563 .01446 .01341 .01246 .01161
   6   .02512 .02301 .02113 .01944 .01793 .01657 .01535 .01424 .01325 .01235
   7   .02650 .02430 .02234 .02058 .01900 .01758 .01630 .01514 .01410 .01315
   8   .02798 .02570 .02365 .02182 .02017 .01868 .01734 .01613 .01503 .01404
   9   .02957 .02720 .02507 .02316 .02143 .01988 .01848 .01721 .01606 .01502

  10   .03128 .02881 .02659 .02460 .02280 .02118 .01971 .01838 .01718 .01608
  11   .03309 .03053 .02823 .02615 .02428 .02258 .02105 .01966 .01839 .01725
  12   .03503 .03237 .02997 .02781 .02585 .02408 .02248 .02103 .01971 .01850
  13   .03704 .03428 .03179 .02954 .02750 .02565 .02398 .02246 .02108 .01982
  14   .03909 .03623 .03364 .03130 .02918 .02726 .02551 .02392 .02248 .02116

  15   .04117 .03820 .03551 .03308 .03087 .02886 .02704 .02538 .02387 .02249
  16   .04324 .04016 .03737 .03484 .03254 .03046 .02855 .02682 .02524 .02379
  17   .04533 .04214 .03924 .03661 .03422 .03205 .03007 .02826 .02661 .02509
  18   .04746 .04415 .04114 .03841 .03592 .03366 .03159 .02970 .02798 .02639
  19   .04963 .04620 .04309 .04025 .03766 .03530 .03315 .03117 .02937 .02772

  20   .05191 .04835 .04512 .04217 .03948 .03702 .03478 .03272 .03083 .02910
  21   .05427 .05058 .04723 .04416 .04137 .03881 .03647 .03432 .03235 .03054
  22   .05672 .05291 .04943 .04625 .04334 .04067 .03823 .03599 .03394 .03205
  23   .05930 .05535 .05174 .04844 .04542 .04265 .04010 .03777 .03562 .03364
  24   .06204 .05795 .05421 .05078 .04764 .04476 .04211 .03967 .03743 .03536

  25   .06497 .06074 .05687 .05331 .05005 .04705 .04429 .04174 .03940 .03724
  26   .06811 .06373 .05972 .05603 .05264 .04952 .04665 .04400 .04155 .03929
  27   .07146 .06694 .06278 .05895 .05543 .05219 .04920 .04644 .04389 .04153
  28   .07503 .07036 .06605 .06209 .05844 .05507 .05196 .04908 .04642 .04396
  29   .07881 .07398 .06953 .06542 .06163 .05814 .05490 .05191 .04913 .04656

  30   .08279 .07780 .07319 .06894 .06502 .06138 .05802 .05491 .05202 .04933
  31   .08697 .08182 .07707 .07267 .06860 .06483 .06134 .05810 .05509 .05229
  32   .09137 .08606 .08115 .07660 .07239 .06848 .06485 .06148 .05835 .05543
  33   .09601 .09053 .08546 .08075 .07639 .07234 .06858 .06508 .06182 .05878
  34   .10084 .09520 .08996 .08511 .08059 .07640 .07249 .06886 .06547 .06231

  35   .10590 .10009 .09470 .08968 .08501 .08067 .07662 .07285 .06933 .06605
  36   .11120 .10522 .09966 .09448 .08966 .08517 .08098 .07706 .07341 .06999
  37   .11674 .11059 .10486 .09952 .09454 .08990 .08556 .08150 .07771 .07416
  38   .12254 .11621 .11032 .10481 .09968 .09487 .09039 .08618 .08225 .07856
  39   .12857 .12208 .11601 .11035 .10505 .10009 .09545 .09110 .08702 .08320

  40   .13487 .12820 .12196 .11613 .11067 .10555 .10076 .09626 .09204 .08807
  41   .14142 .13458 .12817 .12217 .11655 .11127 .10632 .10167 .09730 .09319
  42   .14823 .14122 .13464 .12848 .12269 .11725 .11214 .10734 .10282 .09856
  43   .15535 .14816 .14141 .13508 .12913 .12353 .11826 .11330 .10863 .10422
  44   .16274 .15538 .14847 .14196 .13585 .13008 .12466 .11954 .11472 .11016

  45   .17042 .16290 .15581 .14914 .14286 .13694 .13135 .12608 .12110 .11640
  46   .17842 .17073 .16348 .15664 .15020 .14411 .13836 .13293 .12780 .12294
  47   .18672 .17886 .17145 .16445 .15784 .15159 .14568 .14010 .13481 .12980
  48   .19534 .18732 .17974 .17258 .16581 .15940 .15334 .14759 .14215 .13699
  49   .20429 .19612 .18838 .18106 .17413 .16757 .16134 .15544 .14984 .14453

  50   .21362 .20529 .19740 .18993 .18284 .17612 .16974 .16368 .15793 .15247
  51   .22332 .21484 .20680 .19917 .19194 .18506 .17853 .17232 .16642 .16080
  52   .23341 .22479 .21660 .20883 .20144 .19442 .18774 .18138 .17533 .16957
  53   .24388 .23513 .22681 .21889 .21136 .20419 .19737 .19087 .18467 .17876
  54   .25473 .24585 .23739 .22935 .22168 .21437 .20741 .20076 .19442 .18837

  55   .26593 .25693 .24835 .24017 .23238 .22494 .21784 .21105 .20458 .19838
  56   .27742 .26831 .25962 .25132 .24340 .23583 .22860 .22169 .21508 .20875
  57   .28922 .28001 .27121 .26280 .25476 .24707 .23971 .23267 .22593 .21947
  58   .30129 .29199 .28309 .27457 .26642 .25862 .25114 .24398 .23712 .23053
  59   .31367 .30428 .29529 .28667 .27842 .27051 .26293 .25565 .24867 .24197

  60   .32638 .31691 .30784 .29914 .29079 .28278 .27509 .26771 .26062 .25380
  61   .33940 .32987 .32073 .31195 .30352 .29542 .28763 .28015 .27295 .26603
  62   .35269 .34311 .33391 .32506 .31656 .30837 .30050 .29293 .28564 .27862
  63   .36625 .35663 .34738 .33847 .32990 .32165 .31370 .30604 .29867 .29155
  64   .38007 .37043 .36113 .35218 .34356 .33524 .32723 .31950 .31204 .30484

  65   .39417 .38451 .37519 .36620 .35753 .34917 .34110 .33330 .32577 .31850
  66   .40871 .39905 .38972 .38071 .37201 .36361 .35550 .34765 .34006 .33273
  67   .42365 .41400 .40468 .39567 .38696 .37853 .37038 .36250 .35487 .34749
  68   .43892 .42931 .42001 .41101 .40230 .39387 .38570 .37780 .37014 .36272
  69   .45450 .44493 .43567 .42670 .41800 .40958 .40141 .39350 .38582 .37837
  70   .47033 .46083 .45162 .44269 .43403 .42563 .41748 .40957 .40189 .39443

  71   .48644 .47702 .46788 .45901 .45040 .44203 .43391 .42602 .41835 .41090
  72   .50278 .49347 .48441 .47562 .46707 .45877 .45069 .44284 .43520 .42776
  73   .51930 .51010 .50115 .49245 .48399 .47575 .46774 .45994 .45234 .44494
  74   .53591 .52684 .51802 .50943 .50106 .49291 .48497 .47724 .46970 .46235

  75   .55253 .54361 .53492 .52645 .51820 .51015 .50230 .49465 .48719 .47991
  76   .56912 .56036 .55182 .54349 .53536 .52742 .51968 .51213 .50475 .49754
  77   .58565 .57706 .56868 .56050 .55251 .54471 .53708 .52964 .52236 .51525
  78   .60209 .59369 .58549 .57747 .56963 .56197 .55448 .54715 .53999 .53298
  79   .61841 .61021 .60219 .59435 .58668 .57917 .57182 .56463 .55760 .55071

  80   .63456 .62657 .61875 .61109 .60359 .59625 .58906 .58202 .57512 .56836
  81   .65050 .64273 .63512 .62766 .62034 .61318 .60616 .59927 .59252 .58590
  82   .66621 .65867 .65127 .64401 .63690 .62992 .62308 .61636 .60977 .60330
  83   .68164 .67433 .66716 .66012 .65321 .64642 .63976 .63322 .62680 .62050
  84   .69676 .68969 .68275 .67593 .66923 .66265 .65618 .64983 .64358 .63745

  85   .71154 .70472 .69801 .69141 .68493 .67856 .67229 .66613 .66007 .65412
  86   .72595 .71937 .71290 .70654 .70028 .69412 .68806 .68210 .67623 .67046
  87   .73995 .73362 .72740 .72127 .71523 .70929 .70344 .69768 .69201 .68642
  88   .75354 .74746 .74148 .73558 .72978 .72406 .71842 .71287 .70739 .70200
  89   .76668 .76085 .75511 .74945 .74387 .73837 .73295 .72761 .72234 .71714

  90   .77934 .77377 .76827 .76284 .75749 .75222 .74701 .74188 .73681 .73181
  91   .79153 .78620 .78094 .77575 .77063 .76558 .76059 .75566 .75080 .74600
  92   .80323 .79814 .79312 .78816 .78326 .77843 .77365 .76894 .76428 .75967
  93   .81440 .80956 .80477 .80004 .79536 .79074 .78618 .78166 .77721 .77280
  94   .82508 .82047 .81591 .81140 .80694 .80253 .79817 .79387 .78961 .78539

  95   .83526 .83088 .82654 .82225 .81800 .81380 .80965 .80554 .80148 .79746
  96   .84491 .84074 .83662 .83254 .82850 .82450 .82055 .81663 .81276 .80892
  97   .85405 .85009 .84617 .84230 .83846 .83466 .83089 .82717 .82348 .81982
  98   .86270 .85895 .85523 .85155 .84791 .84430 .84072 .83718 .83367 .83019
  99   .87090 .86735 .86382 .86033 .85687 .85345 .85005 .84668 .84335 .84004

 100   .87856 .87519 .87185 .86854 .86526 .86201 .85878 .85559 .85242 .84927
 101   .88587 .88268 .87952 .87638 .87327 .87019 .86713 .86409 .86109 .85810
 102   .89263 .88961 .88662 .88364 .88069 .87777 .87487 .87199 .86913 .86629
 103   .89938 .89653 .89370 .89089 .88810 .88534 .88259 .87987 .87717 .87448
 104   .90558 .90289 .90021 .89756 .89492 .89231 .88971 .88713 .88456 .88202

 105   .91170 .90916 .90664 .90413 .90164 .89917 .89672 .89428 .89186 .88945
 106   .91940 .91706 .91474 .91242 .91013 .90784 .90558 .90332 .90108 .89885
 107   .92816 .92605 .92395 .92186 .91978 .91772 .91567 .91362 .91159 .90957
 108   .94247 .94075 .93904 .93734 .93565 .93396 .93229 .93062 .92895 .92730
 109   .97081 .96992 .96904 .96816 .96729 .96642 .96555 .96468 .96382 .96296

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE     8.2%   8.4%   8.6%   8.8%   9.0%   9.2%   9.4%   9.6%   9.8%  10.0%
 ---------------------------------------------------------------------------
   0   .01498 .01444 .01395 .01351 .01310 .01273 .01240 .01209 .01181 .01155
   1   .00904 .00847 .00796 .00749 .00707 .00668 .00633 .00601 .00572 .00545
   2   .00926 .00866 .00812 .00763 .00718 .00677 .00640 .00606 .00575 .00547
   3   .00968 .00905 .00848 .00796 .00748 .00705 .00666 .00630 .00597 .00567
   4   .01021 .00955 .00894 .00839 .00789 .00744 .00702 .00664 .00629 .00597

   5   .01083 .01013 .00949 .00891 .00839 .00790 .00746 .00706 .00669 .00635
   6   .01153 .01080 .01012 .00951 .00895 .00844 .00798 .00755 .00715 .00679
   7   .01229 .01151 .01081 .01016 .00957 .00903 .00854 .00808 .00767 .00728
   8   .01314 .01232 .01157 .01089 .01026 .00969 .00917 .00869 .00825 .00784
   9   .01407 .01321 .01242 .01170 .01104 .01044 .00989 .00938 .00891 .00848

  10   .01509 .01418 .01335 .01259 .01190 .01126 .01068 .01014 .00965 .00919
  11   .01620 .01525 .01437 .01358 .01285 .01218 .01156 .01099 .01047 .00998
  12   .01740 .01640 .01549 .01465 .01388 .01317 .01252 .01192 .01137 .01086
  13   .01867 .01762 .01665 .01577 .01496 .01422 .01353 .01290 .01231 .01177
  14   .01995 .01885 .01784 .01691 .01606 .01527 .01455 .01389 .01327 .01270

  15   .02123 .02007 .01901 .01803 .01714 .01632 .01556 .01485 .01420 .01360
  16   .02247 .02126 .02015 .01913 .01818 .01732 .01652 .01578 .01509 .01446
  17   .02371 .02244 .02127 .02020 .01921 .01830 .01746 .01668 .01596 .01529
  18   .02494 .02361 .02239 .02126 .02022 .01926 .01838 .01756 .01680 .01610
  19   .02620 .02480 .02352 .02234 .02125 .02024 .01931 .01844 .01764 .01690

  20   .02751 .02605 .02471 .02346 .02232 .02126 .02028 .01937 .01853 .01775
  21   .02888 .02735 .02593 .02463 .02343 .02231 .02128 .02032 .01944 .01861
  22   .03030 .02870 .02722 .02585 .02458 .02341 .02233 .02132 .02038 .01951
  23   .03181 .03013 .02858 .02714 .02581 .02458 .02344 .02237 .02139 .02047
  24   .03345 .03169 .03006 .02855 .02715 .02586 .02465 .02353 .02249 .02152

  25   .03524 .03340 .03169 .03010 .02863 .02727 .02600 .02482 .02373 .02270
  26   .03720 .03527 .03348 .03181 .03027 .02884 .02750 .02626 .02510 .02402
  27   .03934 .03732 .03544 .03370 .03208 .03057 .02916 .02786 .02664 .02549
  28   .04167 .03955 .03759 .03576 .03406 .03247 .03099 .02962 .02833 .02713
  29   .04417 .04196 .03990 .03798 .03619 .03453 .03298 .03153 .03017 .02890

  30   .04684 .04452 .04237 .04036 .03848 .03674 .03510 .03358 .03215 .03081
  31   .04969 .04727 .04501 .04291 .04094 .03911 .03739 .03579 .03428 .03287
  32   .05272 .05019 .04783 .04563 .04357 .04165 .03984 .03816 .03657 .03509
  33   .05595 .05331 .05085 .04854 .04639 .04437 .04248 .04070 .03904 .03748
  34   .05936 .05661 .05403 .05162 .04936 .04725 .04527 .04341 .04166 .04001

  35   .06297 .06010 .05741 .05489 .05253 .05032 .04824 .04629 .04445 .04272
  36   .06679 .06380 .06100 .05837 .05590 .05358 .05140 .04935 .04742 .04561
  37   .07083 .06771 .06479 .06204 .05947 .05704 .05476 .05261 .05059 .04868
  38   .07511 .07186 .06881 .06595 .06326 .06072 .05834 .05609 .05397 .05196
  39   .07961 .07623 .07306 .07007 .06726 .06462 .06212 .05977 .05754 .05544

  40   .08434 .08083 .07753 .07442 .07149 .06873 .06612 .06366 .06133 .05913
  41   .08932 .08568 .08225 .07901 .07596 .07308 .07035 .06778 .06534 .06304
  42   .09455 .09077 .08720 .08384 .08066 .07766 .07481 .07213 .06958 .06717
  43   .10007 .09615 .09245 .08895 .08564 .08251 .07955 .07674 .07408 .07156
  44   .10586 .10180 .09796 .09433 .09089 .08763 .08454 .08162 .07884 .07621

  45   .11195 .10774 .10376 .09999 .09642 .09303 .08982 .08677 .08387 .08112
  46   .11835 .11400 .10987 .10596 .10225 .09873 .09539 .09222 .08920 .08633
  47   .12505 .12055 .11629 .11224 .10839 .10474 .10126 .09796 .09482 .09182
  48   .13209 .12745 .12303 .11884 .11485 .11106 .10746 .10402 .10075 .09764
  49   .13948 .13469 .13013 .12579 .12167 .11774 .11400 .11043 .10703 .10379

  50   .14727 .14233 .13762 .13314 .12887 .12481 .12093 .11723 .11370 .11033
  51   .15546 .15037 .14551 .14089 .13648 .13228 .12826 .12443 .12077 .11726
  52   .16407 .15884 .15384 .14907 .14452 .14018 .13603 .13206 .12826 .12463
  53   .17312 .16774 .16260 .15769 .15300 .14852 .14423 .14012 .13620 .13243
  54   .18259 .17707 .17179 .16674 .16191 .15729 .15286 .14862 .14456 .14067

  55   .19247 .18680 .18139 .17620 .17123 .16648 .16192 .15755 .15335 .14933
  56   .20270 .19690 .19135 .18602 .18092 .17603 .17134 .16684 .16251 .15836
  57   .21329 .20736 .20167 .19622 .19099 .18596 .18114 .17650 .17205 .16777
  58   .22422 .21816 .21235 .20677 .20140 .19625 .19130 .18653 .18195 .17754
  59   .23553 .22935 .22341 .21770 .21221 .20693 .20185 .19696 .19225 .18772

  60   .24725 .24095 .23489 .22906 .22345 .21805 .21285 .20783 .20300 .19834
  61   .25937 .25296 .24679 .24084 .23511 .22959 .22427 .21914 .21419 .20941
  62   .27185 .26534 .25906 .25300 .24716 .24153 .23609 .23084 .22577 .22088
  63   .28469 .27808 .27169 .26553 .25959 .25384 .24830 .24294 .23776 .23275
  64   .29789 .29119 .28471 .27845 .27240 .26656 .26091 .25544 .25016 .24504

  65   .31148 .30468 .29812 .29177 .28563 .27969 .27394 .26837 .26299 .25777
  66   .32564 .31877 .31213 .30570 .29948 .29345 .28761 .28195 .27647 .27115
  67   .34034 .33341 .32671 .32021 .31391 .30780 .30188 .29614 .29057 .28517
  68   .35552 .34855 .34179 .33523 .32887 .32270 .31671 .31089 .30524 .29976
  69   .37115 .36414 .35734 .35073 .34432 .33809 .33204 .32616 .32045 .31489
  70   .38719 .38016 .37332 .36668 .36023 .35396 .34786 .34193 .33616 .33054

  71   .40366 .39662 .38977 .38311 .37663 .37032 .36419 .35821 .35240 .34674
  72   .42053 .41350 .40665 .39998 .39349 .38716 .38100 .37500 .36916 .36346
  73   .43774 .43073 .42389 .41723 .41074 .40441 .39824 .39222 .38636 .38063
  74   .45519 .44821 .44140 .43476 .42829 .42197 .41580 .40979 .40391 .39818

  75   .47280 .46587 .45910 .45250 .44605 .43975 .43360 .42759 .42173 .41599
  76   .49051 .48364 .47693 .47037 .46396 .45770 .45158 .44560 .43975 .43403
  77   .50830 .50150 .49486 .48836 .48201 .47580 .46972 .46377 .45795 .45225
  78   .52613 .51942 .51286 .50644 .50015 .49400 .48797 .48208 .47630 .47064
  79   .54396 .53736 .53089 .52456 .51835 .51227 .50632 .50048 .49476 .48915

  80   .56174 .55525 .54888 .54265 .53653 .53054 .52466 .51890 .51325 .50770
  81   .57941 .57305 .56681 .56068 .55467 .54878 .54299 .53731 .53174 .52627
  82   .59696 .59073 .58461 .57861 .57272 .56693 .56125 .55566 .55018 .54480
  83   .61430 .60822 .60224 .59637 .59061 .58494 .57937 .57389 .56851 .56322
  84   .63142 .62549 .61966 .61393 .60830 .60276 .59731 .59196 .58669 .58150

  85   .64825 .64249 .63682 .63124 .62575 .62035 .61503 .60980 .60465 .59958
  86   .66477 .65918 .65367 .64825 .64291 .63765 .63248 .62738 .62236 .61741
  87   .68092 .67550 .67016 .66490 .65972 .65462 .64959 .64463 .63975 .63493
  88   .69669 .69145 .68628 .68119 .67618 .67123 .66635 .66154 .65680 .65212
  89   .71201 .70696 .70198 .69706 .69221 .68742 .68270 .67805 .67345 .66892

  90   .72688 .72201 .71721 .71246 .70779 .70317 .69861 .69411 .68966 .68528
  91   .74126 .73658 .73196 .72739 .72289 .71844 .71404 .70970 .70541 .70117
  92   .75513 .75063 .74620 .74181 .73748 .73320 .72897 .72479 .72066 .71657
  93   .76844 .76414 .75988 .75568 .75152 .74741 .74334 .73932 .73535 .73142
  94   .78123 .77711 .77303 .76901 .76502 .76108 .75718 .75332 .74951 .74573

  95   .79348 .78954 .78565 .78179 .77798 .77421 .77047 .76677 .76312 .75950
  96   .80513 .80137 .79765 .79397 .79032 .78671 .78314 .77960 .77610 .77263
  97   .81621 .81262 .80908 .80556 .80208 .79864 .79522 .79184 .78849 .78517
  98   .82674 .82333 .81995 .81660 .81328 .80999 .80673 .80351 .80031 .79713
  99   .83677 .83352 .83030 .82711 .82395 .82082 .81771 .81463 .81158 .80855

 100   .84616 .84307 .84001 .83697 .83396 .83097 .82801 .82507 .82216 .81927
 101   .85514 .85221 .84930 .84641 .84355 .84070 .83788 .83509 .83231 .82956
 102   .86348 .86069 .85792 .85517 .85245 .84974 .84706 .84439 .84175 .83912
 103   .87182 .86918 .86655 .86395 .86136 .85880 .85625 .85372 .85121 .84872
 104   .87950 .87699 .87450 .87203 .86957 .86713 .86471 .86231 .85992 .85755

 105   .88706 .88468 .88232 .87998 .87765 .87534 .87304 .87076 .86849 .86624
 106   .89664 .89444 .89225 .89008 .88792 .88577 .88364 .88152 .87941 .87731
 107   .90756 .90557 .90358 .90160 .89964 .89768 .89574 .89380 .89188 .88997
 108   .92565 .92401 .92238 .92075 .91914 .91753 .91592 .91433 .91274 .91116
 109   .96211 .96125 .96041 .95956 .95872 .95788 .95704 .95620 .95537 .95455

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                 Interest Rate
 ---------------------------------------------------------------------------
 AGE    10.2%  10.4%  10.6%  10.8%  11.0%  11.2%  11.4%  11.6%  11.8%  12.0%
 ---------------------------------------------------------------------------
   0   .01132 .01110 .01089 .01071 .01053 .01037 .01022 .01008 .00995 .00983
   1   .00520 .00497 .00476 .00457 .00439 .00423 .00407 .00393 .00379 .00367
   2   .00521 .00496 .00474 .00454 .00435 .00417 .00401 .00385 .00371 .00358
   3   .00539 .00513 .00490 .00468 .00447 .00429 .00411 .00395 .00380 .00366
   4   .00567 .00540 .00515 .00492 .00470 .00450 .00432 .00414 .00398 .00383

   5   .00603 .00574 .00547 .00523 .00500 .00478 .00459 .00440 .00423 .00407
   6   .00646 .00615 .00587 .00560 .00536 .00513 .00492 .00472 .00453 .00436
   7   .00693 .00660 .00630 .00602 .00576 .00551 .00529 .00508 .00488 .00469
   8   .00747 .00712 .00680 .00650 .00622 .00596 .00572 .00549 .00528 .00509
   9   .00808 .00771 .00737 .00705 .00675 .00648 .00622 .00598 .00576 .00555

  10   .00877 .00838 .00801 .00767 .00736 .00707 .00679 .00654 .00630 .00608
  11   .00954 .00912 .00873 .00838 .00804 .00773 .00744 .00717 .00692 .00668
  12   .01038 .00994 .00953 .00915 .00880 .00847 .00816 .00788 .00761 .00735
  13   .01127 .01081 .01038 .00998 .00960 .00925 .00893 .00862 .00833 .00806
  14   .01217 .01168 .01122 .01080 .01040 .01003 .00969 .00937 .00906 .00878

  15   .01305 .01253 .01205 .01160 .01118 .01079 .01042 .01008 .00976 .00946
  16   .01387 .01333 .01282 .01234 .01190 .01149 .01110 .01074 .01040 .01009
  17   .01467 .01409 .01356 .01306 .01259 .01216 .01175 .01137 .01101 .01067
  18   .01544 .01484 .01427 .01374 .01325 .01279 .01236 .01195 .01157 .01122
  19   .01621 .01557 .01497 .01442 .01390 .01341 .01295 .01253 .01213 .01175

  20   .01702 .01634 .01571 .01512 .01457 .01406 .01357 .01312 .01270 .01230
  21   .01784 .01713 .01646 .01584 .01526 .01471 .01420 .01372 .01327 .01285
  22   .01870 .01794 .01724 .01658 .01596 .01539 .01485 .01434 .01386 .01342
  23   .01961 .01881 .01807 .01737 .01672 .01611 .01554 .01500 .01449 .01402
  24   .02062 .01977 .01899 .01825 .01756 .01691 .01630 .01573 .01520 .01469

  25   .02175 .02085 .02002 .01924 .01851 .01782 .01718 .01657 .01600 .01547
  26   .02301 .02207 .02119 .02036 .01958 .01886 .01817 .01753 .01692 .01635
  27   .02443 .02343 .02250 .02162 .02080 .02003 .01930 .01862 .01798 .01737
  28   .02600 .02495 .02396 .02303 .02216 .02134 .02057 .01985 .01916 .01852
  29   .02771 .02660 .02555 .02457 .02365 .02278 .02197 .02120 .02047 .01979

  30   .02956 .02838 .02728 .02624 .02526 .02434 .02348 .02266 .02189 .02116
  31   .03155 .03031 .02914 .02804 .02701 .02604 .02512 .02425 .02344 .02266
  32   .03370 .03239 .03115 .02999 .02890 .02787 .02690 .02598 .02511 .02429
  33   .03601 .03463 .03333 .03210 .03095 .02985 .02883 .02785 .02693 .02606
  34   .03847 .03701 .03564 .03434 .03312 .03197 .03088 .02985 .02887 .02795

  35   .04109 .03956 .03811 .03675 .03546 .03424 .03308 .03199 .03096 .02998
  36   .04390 .04228 .04076 .03932 .03795 .03667 .03545 .03429 .03320 .03216
  37   .04688 .04518 .04358 .04206 .04062 .03926 .03798 .03676 .03560 .03450
  38   .05007 .04829 .04660 .04500 .04349 .04205 .04069 .03940 .03818 .03701
  39   .05346 .05158 .04981 .04812 .04653 .04502 .04358 .04222 .04092 .03969

  40   .05705 .05508 .05321 .05144 .04976 .04817 .04666 .04522 .04385 .04255
  41   .06086 .05879 .05683 .05497 .05320 .05152 .04993 .04841 .04697 .04559
  42   .06488 .06271 .06066 .05870 .05684 .05508 .05340 .05180 .05028 .04882
  43   .06917 .06690 .06474 .06269 .06074 .05888 .05711 .05543 .05382 .05229
  44   .07370 .07132 .06906 .06691 .06486 .06291 .06105 .05928 .05759 .05598

  45   .07850 .07602 .07365 .07139 .06924 .06719 .06524 .06338 .06160 .05990
  46   .08360 .08100 .07852 .07616 .07390 .07176 .06970 .06775 .06587 .06409
  47   .08897 .08626 .08367 .08120 .07884 .07659 .07443 .07238 .07041 .06853
  48   .09466 .09183 .08912 .08654 .08407 .08172 .07946 .07730 .07524 .07326
  49   .10069 .09774 .09492 .09222 .08964 .08717 .08481 .08255 .08038 .07831

  50   .10711 .10403 .10109 .09827 .09558 .09300 .09053 .08816 .08589 .08371
  51   .11392 .11072 .10765 .10472 .10191 .09921 .09663 .09415 .09178 .08950
  52   .12116 .11783 .11464 .11159 .10866 .10585 .10315 .10057 .09808 .09569
  53   .12883 .12538 .12206 .11889 .11584 .11291 .11010 .10740 .10481 .10231
  54   .13694 .13336 .12992 .12662 .12345 .12041 .11748 .11467 .11196 .10936

  55   .14547 .14176 .13820 .13478 .13149 .12832 .12528 .12235 .11953 .11682
  56   .15437 .15054 .14685 .14330 .13989 .13661 .13345 .13040 .12747 .12464
  57   .16365 .15969 .15588 .15221 .14868 .14527 .14199 .13883 .13578 .13284
  58   .17330 .16921 .16528 .16149 .15783 .15431 .15091 .14763 .14447 .14141
  59   .18335 .17914 .17508 .17117 .16739 .16375 .16023 .15684 .15356 .15039

  60   .19385 .18952 .18534 .18131 .17741 .17365 .17001 .16650 .16311 .15982
  61   .20480 .20035 .19605 .19189 .18788 .18400 .18025 .17662 .17311 .16971
  62   .21615 .21158 .20717 .20290 .19877 .19477 .19090 .18716 .18354 .18003
  63   .22791 .22323 .21870 .21431 .21007 .20596 .20198 .19812 .19439 .19077
  64   .24009 .23530 .23066 .22616 .22181 .21758 .21349 .20953 .20568 .20195

  65   .25271 .24781 .24306 .23846 .23400 .22967 .22547 .22139 .21744 .21360
  66   .26600 .26100 .25615 .25145 .24688 .24245 .23814 .23396 .22990 .22596
  67   .27992 .27483 .26989 .26509 .26043 .25590 .25150 .24722 .24306 .23901
  68   .29443 .28926 .28423 .27934 .27459 .26997 .26548 .26110 .25685 .25271
  69   .30950 .30424 .29914 .29417 .28934 .28463 .28005 .27559 .27125 .26703
  70   .32508 .31976 .31459 .30955 .30464 .29986 .29520 .29067 .28625 .28194

  71   .34122 .33585 .33062 .32552 .32054 .31570 .31097 .30637 .30187 .29749
  72   .35790 .35249 .34721 .34205 .33703 .33213 .32734 .32268 .31812 .31367
  73   .37505 .36960 .36428 .35909 .35403 .34908 .34425 .33953 .33492 .33042
  74   .39258 .38711 .38177 .37655 .37145 .36647 .36160 .35684 .35219 .34764

  75   .41039 .40491 .39956 .39432 .38921 .38420 .37931 .37452 .36983 .36525
  76   .42843 .42296 .41760 .41236 .40724 .40222 .39731 .39250 .38779 .38318
  77   .44668 .44122 .43588 .43065 .42552 .42050 .41559 .41077 .40605 .40143
  78   .46510 .45967 .45435 .44914 .44403 .43902 .43411 .42930 .42458 .41995
  79   .48365 .47826 .47298 .46780 .46271 .45773 .45284 .44804 .44333 .43871

  80   .50226 .49693 .49169 .48655 .48150 .47655 .47169 .46692 .46224 .45763
  81   .52090 .51562 .51044 .50536 .50036 .49546 .49064 .48590 .48125 .47668
  82   .53951 .53431 .52920 .52418 .51924 .51439 .50963 .50494 .50033 .49580
  83   .55802 .55291 .54788 .54294 .53808 .53329 .52859 .52396 .51941 .51493
  84   .57640 .57139 .56645 .56159 .55681 .55210 .54747 .54291 .53843 .53401

  85   .59459 .58968 .58484 .58008 .57539 .57077 .56623 .56175 .55733 .55298
  86   .61254 .60774 .60302 .59836 .59377 .58925 .58479 .58040 .57607 .57180
  87   .63019 .62551 .62090 .61635 .61187 .60745 .60309 .59880 .59456 .59038
  88   .64751 .64296 .63847 .63405 .62968 .62537 .62112 .61693 .61279 .60871
  89   .66444 .66003 .65567 .65137 .64712 .64293 .63880 .63471 .63068 .62670

  90   .68094 .67667 .67244 .66827 .66415 .66009 .65607 .65210 .64818 .64431
  91   .69699 .69285 .68877 .68473 .68074 .67680 .67291 .66906 .66526 .66150
  92   .71254 .70855 .70460 .70071 .69685 .69304 .68928 .68555 .68187 .67823
  93   .72753 .72369 .71989 .71613 .71242 .70874 .70510 .70150 .69794 .69442
  94   .74200 .73830 .73464 .73103 .72745 .72390 .72040 .71693 .71350 .71010

  95   .75591 .75236 .74885 .74538 .74194 .73853 .73516 .73182 .72851 .72524
  96   .76920 .76580 .76243 .75909 .75579 .75252 .74928 .74607 .74289 .73974
  97   .78188 .77863 .77540 .77220 .76904 .76590 .76279 .75971 .75665 .75363
  98   .79399 .79088 .78779 .78473 .78170 .77869 .77571 .77276 .76983 .76693
  99   .80555 .80257 .79962 .79670 .79380 .79092 .78807 .78525 .78244 .77966

 100   .81641 .81357 .81075 .80796 .80518 .80243 .79971 .79700 .79432 .79165
 101   .82683 .82412 .82144 .81877 .81612 .81350 .81089 .80831 .80574 .80320
 102   .83652 .83394 .83137 .82882 .82630 .82379 .82130 .81883 .81637 .81394
 103   .84624 .84379 .84135 .83892 .83652 .83413 .83176 .82941 .82707 .82475
 104   .85519 .85285 .85053 .84822 .84593 .84365 .84139 .83915 .83692 .83470

 105   .86400 .86178 .85957 .85737 .85519 .85302 .85087 .84873 .84660 .84449
 106   .87523 .87316 .87110 .86905 .86702 .86500 .86299 .86099 .85900 .85703
 107   .88806 .88617 .88429 .88242 .88055 .87870 .87686 .87502 .87320 .87139
 108   .90958 .90802 .90646 .90490 .90336 .90182 .90028 .89876 .89724 .89573
 109   .95372 .95290 .95208 .95126 .95045 .94964 .94883 .94803 .94723 .94643

Table S
                         Based on Life Table 2000CM
                        Single Life Remainder Factors
                     Applicable on or After May 1, 2009

                                    Interest Rate
 ---------------------------------------------------------------------------
 AGE    12.2%  12.4%  12.6%  12.8%  13.0%  13.2%  13.4%  13.6%  13.8%  14.0%
 ---------------------------------------------------------------------------
   0   .00972 .00961 .00951 .00941 .00932 .00924 .00916 .00908 .00901 .00894
   1   .00355 .00345 .00334 .00325 .00316 .00307 .00299 .00292 .00285 .00278
   2   .00346 .00334 .00323 .00313 .00303 .00294 .00286 .00278 .00270 .00263
   3   .00353 .00340 .00329 .00318 .00307 .00298 .00289 .00280 .00272 .00264
   4   .00369 .00356 .00343 .00332 .00321 .00310 .00300 .00291 .00283 .00274

   5   .00392 .00377 .00364 .00352 .00340 .00329 .00318 .00308 .00299 .00290
   6   .00420 .00405 .00391 .00377 .00365 .00353 .00342 .00331 .00321 .00311
   7   .00452 .00436 .00421 .00406 .00393 .00380 .00368 .00357 .00346 .00336
   8   .00490 .00473 .00457 .00441 .00427 .00413 .00400 .00388 .00376 .00365
   9   .00535 .00517 .00499 .00483 .00467 .00453 .00439 .00426 .00413 .00402

  10   .00587 .00567 .00548 .00531 .00514 .00499 .00484 .00470 .00456 .00444
  11   .00645 .00624 .00605 .00586 .00568 .00551 .00536 .00521 .00506 .00493
  12   .00711 .00689 .00668 .00648 .00629 .00611 .00595 .00579 .00563 .00549
  13   .00781 .00757 .00735 .00714 .00694 .00675 .00657 .00640 .00624 .00609
  14   .00851 .00826 .00802 .00780 .00759 .00739 .00720 .00702 .00684 .00668

  15   .00918 .00891 .00866 .00842 .00820 .00799 .00779 .00759 .00741 .00724
  16   .00979 .00950 .00924 .00899 .00875 .00853 .00832 .00811 .00792 .00774
  17   .01035 .01006 .00978 .00951 .00926 .00902 .00880 .00859 .00838 .00819
  18   .01088 .01057 .01027 .00999 .00973 .00948 .00924 .00901 .00880 .00860
  19   .01139 .01106 .01075 .01045 .01017 .00990 .00965 .00942 .00919 .00898

  20   .01192 .01157 .01124 .01092 .01063 .01035 .01008 .00983 .00959 .00936
  21   .01245 .01208 .01173 .01139 .01108 .01078 .01050 .01023 .00998 .00974
  22   .01300 .01260 .01222 .01187 .01154 .01122 .01092 .01064 .01037 .01011
  23   .01357 .01315 .01275 .01238 .01202 .01168 .01137 .01106 .01078 .01051
  24   .01422 .01377 .01334 .01294 .01257 .01221 .01187 .01155 .01124 .01095

  25   .01496 .01448 .01403 .01361 .01320 .01282 .01246 .01212 .01180 .01149
  26   .01582 .01531 .01483 .01438 .01395 .01354 .01316 .01279 .01244 .01211
  27   .01680 .01626 .01575 .01527 .01481 .01437 .01396 .01357 .01320 .01285
  28   .01791 .01734 .01679 .01628 .01579 .01533 .01489 .01447 .01408 .01370
  29   .01914 .01853 .01795 .01740 .01688 .01639 .01592 .01548 .01505 .01465

  30   .02048 .01982 .01921 .01862 .01807 .01754 .01704 .01657 .01612 .01569
  31   .02193 .02124 .02058 .01996 .01937 .01881 .01828 .01777 .01729 .01683
  32   .02351 .02278 .02208 .02142 .02079 .02019 .01962 .01908 .01857 .01808
  33   .02523 .02445 .02371 .02300 .02234 .02170 .02109 .02052 .01997 .01944
  34   .02707 .02624 .02545 .02470 .02399 .02331 .02267 .02205 .02146 .02091

  35   .02905 .02817 .02733 .02653 .02577 .02505 .02436 .02371 .02308 .02249
  36   .03117 .03024 .02935 .02850 .02769 .02693 .02619 .02550 .02483 .02419
  37   .03345 .03246 .03151 .03061 .02976 .02894 .02816 .02742 .02671 .02603
  38   .03590 .03485 .03385 .03289 .03198 .03112 .03029 .02950 .02874 .02802
  39   .03852 .03740 .03634 .03533 .03436 .03344 .03256 .03172 .03092 .03015

  40   .04131 .04013 .03900 .03793 .03690 .03593 .03499 .03410 .03324 .03242
  41   .04428 .04303 .04184 .04070 .03962 .03858 .03759 .03664 .03573 .03486
  42   .04744 .04612 .04486 .04366 .04250 .04140 .04035 .03934 .03838 .03745
  43   .05083 .04943 .04810 .04683 .04561 .04444 .04333 .04226 .04123 .04025
  44   .05443 .05296 .05155 .05021 .04892 .04768 .04650 .04537 .04428 .04324

  45   .05827 .05672 .05523 .05381 .05245 .05114 .04989 .04869 .04754 .04643
  46   .06237 .06074 .05917 .05767 .05623 .05485 .05352 .05225 .05103 .04986
  47   .06673 .06500 .06335 .06177 .06025 .05879 .05739 .05605 .05475 .05351
  48   .07137 .06955 .06781 .06614 .06454 .06300 .06152 .06010 .05874 .05742
  49   .07632 .07441 .07258 .07082 .06913 .06750 .06595 .06444 .06300 .06161

  50   .08162 .07962 .07769 .07584 .07407 .07236 .07071 .06913 .06760 .06614
  51   .08731 .08520 .08318 .08124 .07937 .07757 .07583 .07416 .07256 .07101
  52   .09340 .09119 .08907 .08703 .08507 .08317 .08135 .07959 .07790 .07627
  53   .09991 .09760 .09538 .09324 .09118 .08919 .08728 .08543 .08365 .08193
  54   .10685 .10443 .10211 .09987 .09771 .09562 .09361 .09167 .08980 .08799

  55   .11420 .11168 .10925 .10690 .10464 .10246 .10035 .09832 .09635 .09445
  56   .12191 .11928 .11675 .11430 .11193 .10965 .10745 .10531 .10325 .10126
  57   .13001 .12727 .12462 .12207 .11960 .11721 .11491 .11268 .11052 .10843
  58   .13846 .13561 .13286 .13020 .12762 .12513 .12273 .12040 .11814 .11595
  59   .14732 .14436 .14150 .13873 .13605 .13346 .13095 .12851 .12616 .12388

  60   .15665 .15358 .15060 .14772 .14494 .14224 .13962 .13709 .13463 .13225
  61   .16642 .16324 .16016 .15717 .15428 .15147 .14875 .14611 .14355 .14107
  62   .17663 .17333 .17014 .16704 .16404 .16113 .15830 .15556 .15290 .15031
  63   .18726 .18385 .18055 .17734 .17423 .17121 .16828 .16544 .16267 .15999
  64   .19833 .19481 .19140 .18809 .18487 .18175 .17871 .17576 .17289 .17010

  65   .20987 .20624 .20273 .19931 .19598 .19275 .18961 .18656 .18358 .18069
  66   .22213 .21840 .21478 .21125 .20783 .20449 .20125 .19809 .19501 .19202
  67   .23508 .23125 .22753 .22390 .22037 .21694 .21360 .21034 .20716 .20407
  68   .24868 .24476 .24094 .23722 .23359 .23006 .22662 .22327 .22000 .21681
  69   .26291 .25889 .25498 .25117 .24745 .24383 .24030 .23685 .23349 .23020
  70   .27773 .27364 .26964 .26574 .26194 .25823 .25461 .25107 .24762 .24425

  71   .29321 .28904 .28496 .28099 .27710 .27331 .26961 .26599 .26246 .25900
  72   .30933 .30508 .30094 .29689 .29294 .28907 .28530 .28160 .27799 .27446
  73   .32602 .32171 .31751 .31340 .30938 .30545 .30160 .29784 .29416 .29056
  74   .34319 .33884 .33458 .33042 .32634 .32236 .31845 .31463 .31089 .30723

  75   .36076 .35637 .35207 .34786 .34374 .33970 .33575 .33188 .32808 .32437
  76   .37867 .37425 .36991 .36567 .36151 .35744 .35344 .34953 .34569 .34192
  77   .39690 .39245 .38810 .38383 .37964 .37554 .37151 .36756 .36369 .35989
  78   .41541 .41096 .40659 .40231 .39811 .39398 .38993 .38596 .38206 .37823
  79   .43418 .42973 .42536 .42107 .41686 .41272 .40866 .40467 .40075 .39691

  80   .45311 .44868 .44432 .44003 .43582 .43169 .42763 .42363 .41971 .41585
  81   .47219 .46777 .46343 .45916 .45497 .45084 .44679 .44280 .43888 .43502
  82   .49135 .48696 .48265 .47841 .47424 .47014 .46610 .46213 .45822 .45437
  83   .51052 .50618 .50191 .49771 .49357 .48950 .48549 .48154 .47766 .47383
  84   .52966 .52537 .52115 .51700 .51291 .50887 .50490 .50099 .49714 .49334

  85   .54870 .54448 .54032 .53622 .53218 .52820 .52428 .52041 .51660 .51284
  86   .56759 .56344 .55935 .55532 .55135 .54742 .54356 .53974 .53598 .53227
  87   .58626 .58219 .57818 .57422 .57031 .56646 .56266 .55891 .55521 .55155
  88   .60468 .60070 .59677 .59290 .58907 .58529 .58157 .57788 .57425 .57066
  89   .62277 .61888 .61505 .61126 .60753 .60383 .60018 .59658 .59302 .58950

  90   .64048 .63670 .63296 .62927 .62563 .62202 .61846 .61494 .61146 .60803
  91   .65778 .65411 .65048 .64689 .64334 .63983 .63636 .63293 .62954 .62619
  92   .67462 .67106 .66754 .66406 .66061 .65720 .65383 .65050 .64720 .64393
  93   .69094 .68749 .68408 .68071 .67737 .67406 .67079 .66756 .66435 .66118
  94   .70673 .70340 .70011 .69685 .69362 .69042 .68725 .68412 .68102 .67794

  95   .72199 .71878 .71560 .71246 .70934 .70625 .70319 .70016 .69716 .69419
  96   .73662 .73353 .73047 .72743 .72443 .72145 .71850 .71557 .71268 .70981
  97   .75063 .74766 .74471 .74180 .73890 .73604 .73319 .73038 .72758 .72482
  98   .76405 .76120 .75837 .75557 .75279 .75003 .74730 .74459 .74190 .73923
  99   .77690 .77417 .77146 .76877 .76610 .76345 .76083 .75822 .75564 .75308

 100   .78901 .78639 .78379 .78121 .77866 .77612 .77360 .77110 .76862 .76616
 101   .80067 .79816 .79568 .79321 .79076 .78832 .78591 .78351 .78114 .77877
 102   .81152 .80912 .80674 .80438 .80203 .79970 .79738 .79508 .79280 .79054
 103   .82245 .82016 .81789 .81563 .81339 .81116 .80895 .80676 .80458 .80241
 104   .83250 .83031 .82814 .82599 .82384 .82171 .81960 .81750 .81541 .81334

 105   .84239 .84030 .83823 .83617 .83412 .83209 .83006 .82806 .82606 .82407
 106   .85507 .85311 .85117 .84924 .84733 .84542 .84352 .84164 .83976 .83790
 107   .86958 .86779 .86600 .86422 .86246 .86070 .85895 .85721 .85548 .85376
 108   .89422 .89272 .89123 .88974 .88826 .88679 .88533 .88386 .88241 .88096
 109   .94563 .94484 .94405 .94326 .94248 .94170 .94092 .94014 .93937 .93860

Table 2000CM

 Age                     Age                     Age
    x      lx            x        lx             x             lx

    0     100000        37       96921           74           66882
    1      99305        38       96767           75           64561
    2      99255        39       96600           76           62091
    3      99222        40       96419           77           59476
    4      99197        41       96223           78           56721

    5      99176        42       96010           79           53833
    6      99158        43       95782           80           50819
    7      99140        44       95535           81           47694
    8      99124        45       95268           82           44475
    9      99110        46       94981           83           41181

    10     99097        47       94670           84           37837
    11     99085        48       94335           85           34471
    12     99073        49       93975           86           31114
    13     99057        50       93591           87           27799
    14     99033        51       93180           88           24564

    15     98998        52       92741           89           21443
    16     98950        53       92270           90           18472
    17     98891        54       91762           91           15685
    18     98822        55       91211           92           13111
    19     98745        56       90607           93           10773

    20     98664        57       89947           94            8690
    21     98577        58       89225           95            6871
    22     98485        59       88441           96            5315
    23     98390        60       87595           97            4016
    24     98295        61       86681           98            2959

    25     98202        62       85691           99            2122
    26     98111        63       84620          100            1477
    27     98022        64       83465          101             997
    28     97934        65       82224          102             650
    29     97844        66       80916          103             410

    30     97750        67       79530          104             248
    31     97652        68       78054          105             144
    32     97549        69       76478          106              81
    33     97441        70       74794          107              43
    34     97324        71       73001          108              22

    35     97199        72       71092          109              11
    36     97065        73       69056          110               0

(e) Effective/applicability date. This section applies on or after May 1, 2009.

(f) Expiration date. This section expires on or before May 1, 2012.

Par. 19. The undesignated center heading immediately preceding § 20.2031-7A is revised to read as follows:


Actuarial Tables Applicable Before May 1, 2009

Par. 20. Section 20.2031-7A is amended by:

1. Revising the section heading.

2. Adding paragraphs (f)(1), (f)(2), and (f)(3).

3. In newly-designated paragraph (f)(4), the heading and introductory text paragraph is revised.

4. The heading of Table S in newly-designated paragraph (f)(4) is revised.

5. The heading of Table 90CM in newly-designated paragraph (f)(4) is revised.

6. Paragraph (f)(5) is added.

The revisions and additions read as follows:

§ 20.2031-7A Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is before May 1, 2009.

* * * * *

(f) Valuation of annuities, interests for life or term of years, and remainder or reversionary interests for estates of decedents for which the valuation date of the gross estate is after April 30,1999, and before May 1, 2009 -- (1) In general. Except as otherwise provided in § 20.2031-7(b) and § 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date for the gross estate of the decedent is after April 30, 1999, and before May 1, 2009, the fair market value of annuities, life estates, terms of years, remainders, and reversionary interests is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in § 20.2031-7T(d). These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See §§ 20.7520-1 through 20.7520-4. See paragraph (f)(4) of this section for determination of the appropriate table for use in valuing these interests.

(2) Transitional rule. (i) If a decedent dies after April 30, 1999, and if on May 1, 1999, the decedent was mentally incompetent so that the disposition of the decedent's property could not be changed, and the decedent dies without having regained competency to dispose of the decedent's property or dies within 90 days of the date on which the decedent first regains competency, the fair market value of annuities, life estates, terms for years, remainders, and reversions included in the gross estate of the decedent is their present value determined either under this section or under the corresponding section applicable at the time the decedent became mentally incompetent, at the option of the decedent's executor. For example, see paragraph (d) of this section.

(ii) If a decedent dies after April 30, 1999, and before July 1, 1999, the fair market value of annuities, life estates, remainders, and reversions based on one or more measuring lives included in the gross estate of the decedent is their present value determined under this section by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 20.7520-1(b) and 20.7520-2(a)(2)) and the appropriate actuarial tables under either paragraph (e)(4) or paragraph (f)(4) of this section, at the option of the decedent's executor.

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

(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in paragraph (f)(4) of this section or in § 20.2031-7(d)(6) are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-99). Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained from: CC:PA:LPD:PR (IRS Publication 1457), Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of an actual decedent, the Internal Revenue Service may furnish the factor to the executor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the decedent's death, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(4) Actuarial tables. Except as provided in § 20.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), Life Table 90CM and Table S (Single life remainder factors applicable where the valuation date is after April 30, 1999, and before May 1, 2009), contained in this paragraph (f)(4), and Table B, Table J, and Table K set forth in § 20.2031-7(d)(6) must be used in the application of the provisions of this section when the section 7520 interest rate component is between 4.2 and 14 percent. Table S and Table 90CM are as follows:

Table S. -- Based on Life on Life Table 90CM Single Life Remainder Factors


[Applicable After April 30, 1999, and Before May 1, 2009]

* * * * *

Table 90 CM.-Applicable After April 30, 1999, and Before May 1, 2009

* * * * *

(5) Effective/applicability dates. Paragraphs (f)(1) through (f)(4) apply after April 30, 1999, and before May 1, 2009.

Par. 21. Section 20.2032-1 is amended by revising paragraph (f)(1) as follows:

§ 20.2032-1 Alternate Valuation.

* * * * *

(f) * * *

(1) [Reserved]. For further guidance, see § 20.2032-1T(f)(1).

* * * * *

Par. 22. Section 20.2032-1T is added to read as follows:

§ 20.2032-1T Alternate Valuation (temporary).

(a) through (e) [Reserved]. For further guidance, see § 20.2032-1(a) through (e).

(f) [Reserved]. For further guidance, see § 20.2032-1(f).

(1) Life estates, remainders, and similar interests. The values of life estates, remainders, and similar interests are to be obtained by applying the methods prescribed in § 20.2031-7, using (i) the age of each person, the duration of whose life may affect the value of the interest, as of the date of the decedent's death, and (ii) the value of the property as of the alternate valuation date. For example, assume that the decedent, or the decedent's estate, was entitled to receive certain property worth $50,000 upon the death of A, who was entitled to the income for life. At the time of the decedent's death, on or after May 1, 2009, A was 47 years and 5 months old. In the month in which the decedent died, the section 7520 rate was 6.2 percent. The value of the decedent's remainder interest at the date of the decedent's death would, as illustrated in Example 1 of § 20.2031-7T(d)(5), be $9,336.00 ($50,000 x .18672). If, because of economic conditions, the property declined in value and was worth only $40,000 on the date that was 6 months after the date of the decedent's death, the value of the remainder interest would be $7,468.80 ($40,000 X .18672), even though A would be 48 years old on the alternate valuation date.

(f)(2) through (g) [Reserved]. For further guidance, see § 20.2032-1(f)(2) through (g).

(h) Effective/applicability date. Paragraph (f)(1) applies on or after May 1, 2009.

(i) Expiration date. Paragraph (f)(1) expires on or before May 1, 2012.

Par. 23. Section 20.2055-2 is amended by revising the heading in paragraph (e)(3) and revising the text in paragraphs (e)(3)(iii) and (f)(4) to read as follows:

§ 20.2055-2 Transfers not exclusively for charitable purposes.

* * * * *

(e) * * *

(3) Effective/applicability date. * * *

(iii) [Reserved]. For further guidance, see § 20.2055-2T(e)(3)(iii).

* * * * *

(f) * * *

(4) [Reserved]. For further guidance, see § 20.2055-2T(f)(4).

* * * * *

Par. 24. Section 20.2055-2T is added to read as follows:

§ 20.2055-2T Transfers not exclusively for charitable purposes (temporary).

(a) through (e)(3)(ii). [Reserved]. For further guidance see § 20.2055-2(a) through (e)(3)(ii).

(e)(3)(iii) The rule in paragraphs (e)(2)(vi)(a) and (e)(2)(vii)(a) of this section that guaranteed annuity interests or unitrust interests, respectively, may be payable for a specified term of years or for the life or lives of only certain individuals is generally effective in the case of transfers pursuant to wills and revocable trusts when the decedent dies on or after April 4, 2000. Two exceptions from the application of this rule in paragraphs (e)(2)(vi)(a) and (e)(2)(vii)(a) of this section are provided in the case of transfers pursuant to a will or revocable trust executed on or before April 4, 2000. One exception is for a decedent who dies on or before July 5, 2001, without having republished the will (or amended the trust) by codicil or otherwise. The other exception is for a decedent who was on April 4, 2000, under a mental disability that prevented a change in the disposition of the decedent's property, and who either does not regain competence to dispose of such property before the date of death, or dies prior to the later of 90 days after the date on which the decedent first regains competence, or July 5, 2001, without having republished the will (or amended the trust) by codicil or otherwise. If a guaranteed annuity interest or unitrust interest created pursuant to a will or revocable trust when the decedent dies on or after April 4, 2000, uses an individual other than one permitted in paragraphs (e)(2)(vi)(a) and (vii)(a) of this section, and the interest does not qualify for this transitional relief, the interest may be reformed into a lead interest payable for a specified term of years. The term of years is determined by taking the factor for valuing the annuity or unitrust interest for the named individual measuring life and identifying the term of years (rounded up to the next whole year) that corresponds to the equivalent term of years factor for an annuity or unitrust interest. For example, in the case of an annuity interest payable for the life of an individual age 40 at the time of the transfer on or after May 1, 2009, assuming an interest rate of 7.4 percent under section 7520, the annuity factor from column 1 of Table S(7.4), contained in IRS Publication 1457, Actuarial Valuations Version 3A, for the life of an individual age 40 is 12.1519 (1.00000 minus .10076, divided by .074). Based on Table B(7.4), contained in Publication 1457, Actuarial Valuations Version 3A, the factor 12.1519 corresponds to a term of years between 32 and 33 years. Accordingly, the annuity interest must be reformed into an interest payable for a term of 33 years. A judicial reformation must be commenced prior to the later of July 5, 2001, or the date prescribed by section 2055(e)(3)(C)(iii). Any judicial reformation must be completed within a reasonable time after it is commenced. A non-judicial reformation is permitted if effective under state law, provided it is completed by the date on which a judicial reformation must be commenced. In the alternative, if a court, in a proceeding that is commenced on or before July 5, 2001, declares any transfer made pursuant to a will or revocable trust where the decedent dies on or after April 4, 2000, and on or before March 6, 2001, null and void ab initio, the Internal Revenue Service will treat such transfers in a manner similar to that described in section 2055(e)(3)(J).

(e)(4) through (f)(3). [Reserved]. For further guidance see § 20.2055-2(e)(4) through (f)(3).

(f)(4) Other decedents. The present value of an interest not described in paragraph (f)(2) of this section is to be determined under § 20.2031-7T(d) in the case of decedents where the valuation date of the gross estate is on or after May 1, 2009, or under § 20.2031-7A in the case of decedents where the valuation date of the gross estate is before May 1, 2009.

(f)(5) [Reserved]. For further guidance see § 20.2055-2(f)(5).

(f)(6) Effective/applicability date. Paragraphs (e)(3)(iii) and (f)(4) apply on or after May 1, 2009.

(f)(7) Expiration date. Paragraphs (e)(3)(iii) and (f)(4) expire on or before May 1, 2012.

Par. 25. Section 20.2056A-4 is amended by revising paragraph (c)(4)(ii)(B) and Example 4 of paragraph (d). The revisions reads as follows:

§ 20.2056A-4 Procedures for conforming marital trusts and nontrust marital transfers to the requirements of a qualified domestic trust.

* * * * *

(c) * * *

(4) * * *

(ii) * * *

(B) [Reserved]. For further guidance, see § 20.2056A-4T(c)(4)(ii)(B).

(d) * * *

Example 4. [Reserved]. For further guidance, see § 20.2056A-4T(d) Example 4.

Par. 26. Section 20.2056A-4T is added to read as follows:

§ 20.2056A-4T Procedures for conforming marital trusts and nontrust marital transfers to the requirements of a qualified domestic trust (temporary).

(a) through (c)(4)(ii)(A). [Reserved]. For further guidance see § 20.2056A-4(a) through (c)(4)(ii)(A).

(c)(4)(ii)(B) The total present value of the annuity or other payment is the present value of the nonassignable annuity or other payment as of the date of the decedent's death, determined in accordance with the interest rates and mortality data prescribed by section 7520. The expected annuity term is the number of years that would be required for the scheduled payments to exhaust a hypothetical fund equal to the present value of the scheduled payments. This is determined by first dividing the total present value of the payments by the annual payment. From the quotient so obtained, the expected annuity term is derived by identifying the term of years that corresponds to the annuity factor equal to the quotient. This is determined by using column 1 of Table B, for the applicable interest rate, contained in Publication 1457, Actuarial Valuations Version 3A. A copy of this publication is available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. If the quotient obtained falls between two terms, the longer term is used.

(c)(5) through (c)(7). [Reserved]. For further guidance see § 20.2056A-4(c)(5) through (c)(7).

(d) Examples 1 through 3. [Reserved]. For further guidance see § 20.2056A-4(d) Examples 1 through 3.

Example 4. Computation of corpus portion of annuity payment. (i) At the time of D's death on or after May 1, 2009, D is a participant in an employees' pension plan described in section 401(a). On D's death, D's spouse S, a resident of the United States, becomes entitled to receive a survivor's annuity of $72,000 per year, payable monthly, for life. At the time of D's death, S is age 60. Assume that under section 7520, the appropriate discount rate to be used for valuing annuities in the case of this decedent is 6.0 percent. The annuity factor at 6.0 percent for a person age 60 is 11.0625 (1.0000 minus .33625, divided by .06). The adjustment factor at 6.0 percent in Table K for monthly payments is 1.0272. Accordingly, the right to receive $72,000 per year on a monthly basis is equal to the right to receive $73,958.40 ($72,000 x 1.0272) on an annual basis.

(ii) The corpus portion of each annuity payment received by S is determined as follows. The first step is to determine the annuity factor for the number of years that would be required to exhaust a hypothetical fund that has a present value and a payout corresponding to S 's interest in the payments under the plan, determined as follows:

(A) Present value of S 's annuity: $73,958.40 x 11.0625 = $818,164.80.

(B) Annuity Factor for Expected Annuity Term: $818,164.80 / $73,958.40 = 11.0625

(iii) The second step is to determine the number of years that would be required for S 's annuity to exhaust a hypothetical fund of $818,164.80. The term certain annuity factor of 11.0625 falls between the annuity factors for 18 and 19 years in a 6.0 percent term certain annuity table (Column 1 of Table B, Publication 1457 Actuarial Valuations Version 3A, which may be obtained on the IRS Internet site). Accordingly, the expected annuity term is 19 years.

(iv) The third step is to determine the corpus amount by dividing the expected term of 19 years into the present value of the hypothetical fund as follows:

Corpus amount of annual payment: $818,164.80/19 = $43,061.31

(v) In the fourth step, the corpus portion of each annuity payment is determined by dividing the corpus amount of each annual payment by the annual annuity payment (adjusted for payments more frequently than annually as in (i) of this Example 4) as follows:

Corpus portion of each annuity payment: $43,061.31/$73,958.40 = .58

(vi) Accordingly, 58 percent of each payment to S is deemed to be a distribution of corpus. A marital deduction is allowed for $818,164.80, the present value of the annuity as of D's date of death, if either: S agrees to roll over the corpus portion of each payment to a QDOT and the executor files the Information Statement described in paragraph (c)(5) of this section and the Roll Over Agreement described in paragraph (c)(7) of this section; or S agrees to pay the tax due on the corpus portion of each payment and the executor files the Information Statement described in paragraph (c)(5) of this section and the Payment Agreement described in paragraph (c)(6) of this section.

Example 5. [Reserved]. For further guidance see § 20.2056A-4(d) Example 5.

(e) Effective/applicability date. Paragraph (c)(4)(ii)(B) and Example 4 in paragraph (d) of this section are applicable with respect to decedents dying on or after May 1, 2009.

(f) Expiration date. Paragraph (c)(4)(ii)(B) and Example 4 in paragraph (d) of this section expire on or before May 1, 2012.

Par. 27. Section 20.7520-1 is amended by:

1. Revising the section heading.

2. Revising the second sentence of paragraph (a)(1) and revising paragraph (a)(2).

3. Removing the last two sentences of paragraph (b)(2) and adding a new sentence at the end of the paragraph.

4. Revising paragraphs (c)(1), (c)(2), and (d).

The revisions and additions read as follows:

§ 20.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests prior to May 1, 2009.

* * * * *

(a) * * *(1) * * * For periods prior to May 1, 2009, see § 20.2031-7A for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a transfer to a pooled income fund prior to May 1, 2009, see § 1.642(c)-6A (Income Tax Regulations) with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) * * * For decedents' estates with valuation dates after April 30, 1989, and before May 1, 2009, the mortality component tables are contained in § 20.2031-7A.

(c) * * *

(1) [Reserved]. For further guidance, see § 20.7520-1T(c)(1).

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 22 percent for valuation dates after April 30, 1999, and before May 1, 2009. The following publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office; however, they may be obtained from CC:PA:LPD:PR, Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(d) Effective/applicability dates. This section applies after April 30, 1989, and before May 1, 2009.

Par. 28. Section 20.7520-1T is added to read as follows:

§ 20.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests on or after May 1, 2009 (temporary).

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 20.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of estates of decedents with valuation dates after April 30, 1989, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. See § 20.2031-7T(d) (and, for certain prior periods, § 20.2031-7A) for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) In the case of a transfer to a pooled income fund with a valuation date on or after May 1, 2009, see § 1.642(c)-6T(e), Income Tax Regulations, (or, for certain prior periods, § 1.642(c)-6A) with respect to the valuation of the remainder interest.

(3) [Reserved]. For further guidance, see § 20.7520-1(a)(3).

(b)(1) [Reserved]. For further guidance, see § 20.7520-1(b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For decedent's estates with valuation dates on or after May 1, 2009, the mortality component table (Table 2000CM) is contained in § 20.2031-7T(d)(7). See § 20.2031-7A for mortality component tables applicable to decedent's estates with valuation dates before May 1, 2009.

(c) [Reserved]. For further guidance, see § 20.7520-1(c).

(1) Regulation sections containing tables with interest rates between 0.2 and 14 percent for valuation dates on or after May 1, 2009. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in § 1.642(c)-5. See § 1.642(c)-6A for single life remainder factors applicable to valuation dates before May 1, 2009. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section1.664-4T(e)(7) contains Table U(1) (unitrust single life remainder factors). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in § 1.664-3. See § 1.664-4A for unitrust single life remainder factors applicable to valuation dates before May 1, 2009. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) contains Table S (single life remainder factors), and Table 2000CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See § 20.2031-7A for single life remainder factors applicable to valuation dates before May 1, 2009.

(2) Internal Revenue Service publications containing tables with interest rates between 0.2 and 22 percent for valuation dates on or after May 1, 2009. The following documents are available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov:

(i) Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in § 1.664-2 and a pooled income fund as defined in § 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in § 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication includes tables for computing depreciation adjustment factors. See § 1.170A-12T.

(d) Effective/applicability date. This section applies on or after May 1, 2009.

(e) Expiration date. This section expires on or before May 1, 2012.

PART 25 -- GIFT TAX; GIFTS MADE AFTER DECEMBER 31, 1954

Par. 29. The authority citation for part 25 is amended by adding entries in numerical order to read in part as follows:

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

Section 25.2512-5T also issued under 26 U.S.C. 7520(c)(2).

Section 25.7520-1T also issued under 26 U.S.C. 7520(c)(2). * * *

Par. 30. Section 25.2512-0 is revised to read as follows:

§ 25.2512-0 Table of contents.

This section lists the section headings that appear in the regulations under section 2512.

§ 25.2512-1 Valuation of property; in general.

§ 25.2512-2 Stocks and bonds.

§ 25.2512-3 Valuation of interests in businesses.

§ 25.2512-4 Valuation of notes.

§ 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.

§ 25.2512-5T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).

§ 25.2512-6 Valuation of certain life insurance and annuity contracts; valuation of shares in an open-end investment company.

§ 25.2512-7 Effect of excise tax.

§ 25.2512-8 Transfers for insufficient consideration.

Actuarial Tables Applicable Before May 1, 2009

§ 25.2512-5A Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred before May 1, 2009.

Par. 31. Section 25.2512-5 is amended by revising paragraphs (c), (d), and (e) to read as follows:

The revised provisions read as follows:

§ 25.2512-5 Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests.

* * * * *

(c) and (d) [Reserved]. For further guidance, see § 25.2512-5T(c) and (d).

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

Par. 32. Section 25.2512-5T is added to read as follows:

§ 25.2512-5T Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests (temporary).

(a) and (b) [Reserved]. For further guidance, see § 25.2512-5(a) and (b).

(c) Actuarial valuations. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift on or after May 1, 2009, is determined under paragraph (d) of this section. The present value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift before May 1, 2009, is determined under the following sections:

         Transfers                      Applicable
   After         Before                 Regulations

      -         01-01-52                25.2512-5A(a)
 12-31-51       01-01-71                25.2512-5A(b)
 12-31-70       12-01-83                25.2512-5A(c)
 11-30-83       05-01-89                25.2512-5A(d)
 04-30-89       05-01-99                25.2512-5A(e)
 04-30-99       05-01-09                25.2512-5A(f)

(d) Actuarial valuations on or after May 1, 2009 -- (1) In general. Except as otherwise provided in paragraph (b) of this section and § 25.7520-3(b) (relating to exceptions to the use of prescribed tables under certain circumstances), if the valuation date for the gift is on or after May 1, 2009, the fair market value of annuities, life estates, terms of years, remainders, and reversions transferred on or after May 1, 2009, is the present value of such interests determined under paragraph (d)(2) of this section and by use of standard or special section 7520 actuarial factors. These factors are derived by using the appropriate section 7520 interest rate and, if applicable, the mortality component for the valuation date of the interest that is being valued. See §§ 25.7520-1 through 25.7520-4. The fair market value of a qualified annuity interest described in section 2702(b)(1) and a qualified unitrust interest described in section 2702(b)(2) is the present value of such interests determined under § 25.7520-1(c).

(2) Specific interests. When the donor transfers property in trust or otherwise and retains an interest therein, generally, the value of the gift is the value of the property transferred less the value of the donor's retained interest. However, if the donor transfers property after October 8, 1990, to or for the benefit of a member of the donor's family, the value of the gift is the value of the property transferred less the value of the donor's retained interest as determined under section 2702. If the donor assigns or relinquishes an annuity, life estate, remainder, or reversion that the donor holds by virtue of a transfer previously made by the donor or another, the value of the gift is the value of the interest transferred. However, see section 2519 for a special rule in the case of the assignment of an income interest by a person who received the interest from a spouse.

(i) Charitable remainder trusts. The fair market value of a remainder interest in a pooled income fund, as defined in § 1.642(c)-5, is its value determined under § 1.642(c)-6T(e) (see § 1.642(c)-6A for certain prior periods). The fair market value of a remainder interest in a charitable remainder annuity trust, as described in § 1.664-2(a), is its present value determined under § 1.664-2(c). The fair market value of a remainder interest in a charitable remainder unitrust, as defined in § 1.664-3, is its present value determined under § 1.664-4T(e). The fair market value of a life interest or term for years in a charitable remainder unitrust is the fair market value of the property as of the date of transfer less the fair market value of the remainder interest, determined under § 1.664-4T(e)(4) and (5).

(ii) Ordinary remainder and reversionary interests. If the interest to be valued is to take effect after a definite number of years or after the death of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate remainder interest actuarial factor (that corresponds to the applicable section 7520 interest rate and remainder interest period) in Table B (for a term certain) or the appropriate Table S (for one measuring life), as the case may be. Table B is contained in § 20.2031-7(d)(6) and Table S (for one measuring life when the valuation date is on or after May 1, 2009) is included in § 20.2031-7T(d)(7) and Internal Revenue Service Publication 1457. See § 20.2031-7A containing Table S for valuation of interests before May 1, 2009. For information about obtaining actuarial factors for other types of remainder interests, see paragraph (d)(4) of this section.

(iii) Ordinary term-of-years and life interests. If the interest to be valued is the right of a person to receive the income of certain property, or to use certain nonincome-producing property, for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the value of the property by the appropriate term-of-years or life interest actuarial factor (that corresponds to the applicable section 7520 interest rate and term-of-years or life interest period). Internal Revenue Service Publication 1457 includes actuarial factors for a remainder interest after a term of years in Table B and after the life of one individual in Table S (for one measuring life when the valuation date is on or after May 1, 2009). However, term-of-years and life interest actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in § 20.2031-7T(d)(7) (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of term-of-years and life interest actuarial factors) is not conveniently available, an actuarial factor for the interest may be derived mathematically. This actuarial factor may be derived by subtracting the correlative remainder factor (that corresponds to the applicable section 7520 interest rate) in Table B (for a term of years) in § 20.2031-7(d)(6) or in Table S (for the life of one individual) in § 20.2031-7T(d)(7), as the case may be, from 1.000000. For information about obtaining actuarial factors for other types of term-of-years and life interests, see paragraph (d)(4) of this section.

(iv) Annuities. (A) If the interest to be valued is the right of a person to receive an annuity that is payable at the end of each year for a term of years or for the life of one individual, the present value of the interest is computed by multiplying the aggregate amount payable annually by the appropriate annuity actuarial factor (that corresponds to the applicable section 7520 interest rate and annuity period). Internal Revenue Service Publication 1457 includes actuarial factors in Table B (for a remainder interest after an annuity payable for a term of years) and in Table S (for a remainder interest after an annuity payable for the life of one individual when the valuation date is on or after May 1, 2009). However, annuity actuarial factors are not included in Table B in § 20.2031-7(d)(6) or Table S in § 20.2031-7T(d)(7) (or in § 20.2031-7A). If Internal Revenue Service Publication 1457 (or any other reliable source of annuity actuarial factors) is not conveniently available, an annuity factor for a term of years or for one life may be derived mathematically. This annuity factor may be derived by subtracting the applicable remainder factor (that corresponds to the applicable section 7520 interest rate and annuity period) in Table B (in the case of a term-of-years annuity) in § 20.2031-7(d)(6) or in Table S (in the case of a one-life annuity) in § 20.2031-7T(d)(7), as the case may be, from 1.000000 and then dividing the result by the applicable section 7520 interest rate expressed as a decimal number. See § 20.2031-7T(d)(2)(iv) for an example that illustrates the computation of the present value of an annuity.

(B) If the annuity is payable at the end of semiannual, quarterly, monthly, or weekly periods, the product obtained by multiplying the annuity factor by the aggregate amount payable annually is then multiplied by the applicable adjustment factor set forth in Table K in § 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the end of the specified periods. The provisions of this paragraph (d)(2)(iv)(B) are illustrated by the following example:

Example. In July of a year after 2008, the donor agreed to pay the annuitant the sum of $10,000 per year, payable in equal semiannual installments at the end of each period. The semiannual installments are to be made on each December 31st and June 30th. The annuity is payable until the annuitant's death. On the date of the agreement, the annuitant is 68 years and 5 months old. The donee annuitant's age is treated as 68 for purposes of computing the present value of the annuity. The section 7520 rate on the date of the agreement is 6.6 percent. Under Table S in § 20.2031-7T(d)(7), the factor at 6.6 percent for determining the present value of a remainder interest payable at the death of an individual aged 68 is .42001. Converting the remainder factor to an annuity factor, as described above, the annuity factor for determining the present value of an annuity transferred to an individual age 68 is 8.7877 (1.00000 minus .42001 divided by .066). The adjustment factor from Table K in § 20.2031-7(d)(6) in the column for payments made at the end of each semiannual period at the rate of 6.6 percent is 1.0162. The aggregate annual amount of the annuity, $10,000, is multiplied by the factor 8.7877 and the product is multiplied by 1.0162. The present value of the donee's annuity is, therefore, $89,300.61 ($10,000 X 8.7877 X 1.0162).

(C) If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for a term of years, the value of the annuity is computed by multiplying the aggregate amount payable annually by the annuity factor described in paragraph (d)(2)(iv)(A) of this section; and the product so obtained is then multiplied by the adjustment factor in Table J in § 20.2031-7(d)(6) at the appropriate interest rate component for payments made at the beginning of specified periods. If an annuity is payable at the beginning of annual, semiannual, quarterly, monthly, or weekly periods for one or more lives, the value of the annuity is the sum of the first payment and the present value of a similar annuity, the first payment of which is not to be made until the end of the payment period, determined as provided in paragraph (d)(2)(iv)(B) of this section.

(v) Annuity and unitrust interests for a term of years or until the prior death of an individual -- (A) Annuity interests. The present value of an annuity interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in §§ 20.2031-7(d)(6) and 20.2031-7T(d)(7) as described in the following example:

Example. The donor transfers $100,000 into a trust on or after May 1, 2009, and retains the right to receive an annuity from the trust in the amount of $6,000 per year, payable in equal semiannual installments at the end of each period. The semiannual installments are to be made on each June 30th and December 31st. The annuity is payable for 10 years or until the donor's prior death. At the time of the transfer, the donor is 59 years and 6 months old. The donor's age is deemed to be 60 for purposes of computing the present value of the retained annuity. The section 7520 rate for the month in which the transfer occurred is 5.8 percent. The present value of the donor's retained interest is $42,575.65, determined as follows:

 TABLE S value at 5.8 percent, age 60                   .34656
 TABLE S value at 5.8 percent, age 70                   .49025
 TABLE 2000CM value at age 70                            74794
 TABLE 2000CM value at age 60                            87595
 TABLE B value at 5.8 percent, 10 years                .569041
 TABLE K value at 5.8 percent                           1.0143

Factor for donor's retained interest at 5.8 percent:

 (1.00000 - .34656) - (.569041 X (74794/87595) X (1.00000 - .49025)) = 6.9959
 __________________________________________________________________
                                 .058

Present value of donor's retained interest:

($6,000 X 6.9959 X 1.0143) $42,575.65

(B) Unitrust interests. The present value of a unitrust interest that is payable until the earlier to occur of the lapse of a specific number of years or the death of an individual may be computed with values from the tables in §§ 1.664-4(e)(6) and 1.664-4T(e)(7) as described in the following example:

Example. The donor who, as of the nearest birthday, is 60 years old, transfers $100,000 to a unitrust on January 1st of a year after 2009. The trust instrument requires that each year the trust pay to the donor, in equal semiannual installments on June 30th and December 31st, 6 percent of the fair market value of the trust assets, valued as of January 1st each year, for 10 years or until the prior death of the donor. The section 7520 rate for the January in which the transfer occurred is 6.6 percent. Under Table F(6.6) in § 1.664-4(e)(6), the appropriate adjustment factor is .953317 for semiannual payments payable at the end of the semiannual period. The adjusted payout rate is 5.720 percent (6% X .953317). The present value of the donor's retained interest is $41,920.00 determined as follows:

 TABLE U(1) value at 5.6 percent, age 60                .33970
 TABLE U(1) value at 5.6 percent, age 70                .48352
 TABLE 2000CM value at age 70                            74794
 TABLE 2000CM value at age 60                            87595
 TABLE D value at 5.6 percent, 10 years                .561979

Factor for donor's retained interest at 5.6 percent:

(1.000000 - .33970) - (.561979 X (74794/87595) X (1.000000 - .48352)) = .41247

 TABLE U(1) value at 5.8 percent, age 60                .32846
 TABLE U(1) value at 5.8 percent, age 70                .47241
 TABLE 2000CM value at age 70                            74794
 TABLE 2000CM value at age 60                            87595
 TABLE D value at 5.8 percent, 10 years                .550185

Factor for donor's retained interest at 5.8 percent:

 (1.000000 - .32846) - (.550185 X (74974/87595) X (1.000000 - .47241)) = .42369

                                                        Difference       .01122

      Interpolation adjustment:

                                    5.720% - 5.6%       =      x
                                    _______________        _________
                                         0.2%               .01122

                                                   x = .00673

      Factor at 5.6 percent, age 60                           .41247
      Plus: Interpolation adjustment                          .00673
      Interpolated Factor                                     .41920

      Present value of donor's retained interest:

      ($100,000 X .41920)                                 $41,920.00

(3) Transitional rule. If the valuation date of a transfer of property by gift is on or after May 1, 2009, and before July 1, 2009, the fair market value of the interest transferred is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 25.7520-1(b) and 25.7520-2(a)(2)) and the appropriate actuarial tables under either § 20.2031-7T(d)(7) or § 20.2031-7A(f)(4), at the option of the donor. However, with respect to each individual transaction and with respect to all transfers occurring on the valuation date, the donor must use the same actuarial tables (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all transfers made on the same date must be valued based on the same tables).

(4) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in § 20.2031-7(d)(6) or § 20.2031-7T(d)(7) are included in Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. A copy of this publication is available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov. If a special factor is required in the case of a completed gift, the Internal Revenue Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(e) Effective/applicability date. This section applies on or after May 1, 2009.

(f) Expiration date. This section expires on or before May 1, 2012.

Par. 33. The undesignated center heading immediately preceding § 25.2512-5A is revised to read as follows:

Actuarial Tables Applicable Before May 1, 2009

Par. 34. Section 25.2512-5A is amended by revising the section heading and adding paragraph (f) to read as follows:

§ 25.2512-5A Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred before May 1, 2009.

* * * * *

(f) Valuation of annuities, unitrust interests, interests for life or term of years, and remainder or reversionary interests transferred after April 30, 1999, and before May 1, 2009 -- (1) In general. Except as otherwise provided in §§ 25.2512-5(b) and 25.7520-3(b) (pertaining to certain limitations on the use of prescribed tables), if the valuation date of the transferred interest is after April 30, 1999, and before May 1, 2009, the fair market value of annuities, unitrust interests, life estates, terms of years, remainders, and reversions transferred by gift is the present value of the interests determined by use of standard or special section 7520 actuarial factors and the valuation methodology described in § 25.2512-5T(d). Sections 20.2031-7(d)(6) and 20.2031-7A(f)(4) and related sections provide tables with standard actuarial factors and examples that illustrate how to use the tables to compute the present value of ordinary annuity, life, and remainder interests in property. These sections also refer to standard and special actuarial factors that may be necessary to compute the present value of similar interests in more unusual fact situations. These factors and examples are also generally applicable for gift tax purposes in computing the values of taxable gifts.

(2) Transitional rule. If the valuation date of a transfer of property by gift is after April 30, 1999, and before July 1, 1999, the fair market value of the interest transferred is determined by use of the section 7520 interest rate for the month in which the valuation date occurs (see §§ 25.7520-1(b) and 25.7520-2(a)(2)) and the appropriate actuarial tables under either § 20.2031-7A(e)(4) or § 20.2031-7A(f)(4), at the option of the donor. However, with respect to each individual transaction and with respect to all transfers occurring on the valuation date, the donor must use the same actuarial tables (for example, gift and income tax charitable deductions with respect to the same transfer must be determined based on the same tables, and all transfers made on the same date must be valued based on the same tables).

(3) Publications and actuarial computations by the Internal Revenue Service. Many standard actuarial factors not included in §§ 20.2031-7(d)(6) and 20.2031-7A(f)(4) are included in Internal Revenue Service Publication 1457, "Actuarial Values, Book Aleph," (7-99). Internal Revenue Service Publication 1457 also includes examples that illustrate how to compute many special factors for more unusual situations. Publication 1457 is no longer available for purchase from the Superintendent of Documents, United States Government Printing Office. However, pertinent factors in this publication may be obtained from: CC:PA:LPD:PR (IRS Publication 1457), Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044. If a special factor is required in the case of a completed gift, the Internal Revenue Service may furnish the factor to the donor upon a request for a ruling. The request for a ruling must be accompanied by a recitation of the facts including a statement of the date of birth for each measuring life, the date of the gift, any other applicable dates, and a copy of the will, trust, or other relevant documents. A request for a ruling must comply with the instructions for requesting a ruling published periodically in the Internal Revenue Bulletin (see §§ 601.201 and 601.601(d)(2)(ii)(b)) and include payment of the required user fee.

(4) Effective/applicability dates. Paragraphs (f)(1) through (f)(3) apply after April 30, 1999, and before May 1, 2009.

Par. 35. Section 25.2522(c)-3 is amended by revising paragraph (e) to read as follows:

§ 25.2522(c)-3 Transfers not exclusively for charitable, etc., purposes in the case of gifts made after July 31, 1969.

* * * * *

(e) [Reserved]. For further guidance, see § 25.2522(c)-3T(e).

Par. 36. Section 25.2522(c)-3T is added as follows:

§ 25.2522(c)-3T Transfers not exclusively for charitable, etc., purposes in the case of gifts made after July 31, 1969 (temporary).

(a) through (d) [Reserved]. For further guidance, see § 25.2522(c)-3(a) through (d).

(e) Effective/applicability date. This section applies only to gifts made after July 31, 1969. In addition, the rule in paragraphs (c)(2)(vi)(a) and (c)(2)(vii)(a) of this section that guaranteed annuity interests or unitrust interests, respectively, may be payable for a specified term of years or for the life or lives of only certain individuals applies to transfers made on or after April 4, 2000. If a transfer is made on or after April 4, 2000, that uses an individual other than one permitted in paragraphs (c)(2)(vi)(a) and (c)(2)(vii)(a) of this section, the interest may be reformed into a lead interest payable for a specified term of years. The term of years is determined by taking the factor for valuing the annuity or unitrust interest for the named individual measuring life and identifying the term of years (rounded up to the next whole year) that corresponds to the equivalent term of years factor for an annuity or unitrust interest. For example, in the case of an annuity interest payable for the life of an individual age 40 at the time of the transfer on or after May 1, 2009, assuming an interest rate of 7.4 percent under section 7520, the annuity factor from column 1 of Table S(7.4), contained in IRS Publication 1457, Actuarial Valuations Version 3A, for the life of an individual age 40 is 12.1519 (1 - .10076 / .074). Based on Table B(7.4), contained in Publication 1457, Actuarial Valuations Version 3A, the factor 12.1519 corresponds to a term of years between 32 and 33 years. Accordingly, the annuity interest must be reformed into an interest payable for a term of 33 years. A judicial reformation must be commenced prior to October 15th of the year following the year in which the transfer is made and must be completed within a reasonable time after it is commenced. A non-judicial reformation is permitted if effective under state law, provided it is completed by the date on which a judicial reformation must be commenced. In the alternative, if a court, in a proceeding that is commenced on or before July 5, 2001, declares any transfer, made on or after April 4, 2000, and on or before March 6, 2001, null and void ab initio, the Internal Revenue Service will treat such transfers in a manner similar to that described in section 2055(e)(3)(J).

Par. 37. Section 25.7520-1 is amended by:

1. Revising the section heading.

2. Revising the second sentence of paragraph (a)(1) and revising paragraph (a)(2).

3. Removing the last two sentences of paragraph (b)(2) and adding a new sentence at the end.

4. Revising paragraphs (c)(1), (c)(2), and (d).

The revisions and additions read as follows:

§ 25.7520-1 Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests prior to May 1, 2009.

* * * * *

(a) * * *(1) * * * For periods prior to May 1, 2009, see § 20.2031-7A for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) For a gift to a pooled income fund prior to May 1, 2009, see § 1.642(c)-6A (Income Tax Regulations) with respect to the valuation of the remainder interest.

* * * * *

(b) * * *

(2) * * * For transactions with valuation dates after April 30, 1989, and before May 1, 2009, the mortality component tables are contained in § 20.2031-7A.

(c) * * *

(1) [Reserved]. For further guidance, see § 25.7520-1T(c)(1).

(2) Internal Revenue Service publications containing tables with interest rates between 2.2 and 22 percent for valuation dates after April 30, 1999, and before May 1, 2009. The following publications are no longer available for purchase from the Superintendent of Documents, United States Government Printing Office; however, they may be obtained from CC:PA:LPD:PR, Room 5205, Internal Revenue Service, P.O.Box 7604, Ben Franklin Station, Washington, DC 20044:

* * * * *

(d) Effective/applicability dates. This section applies after April 30, 1989, and before May 1, 2009.

Par. 38. Section 25.7520-1T is added to read as follows:

§ 25.7520-1T Valuation of annuities, unitrust interests, interests for life or terms of years, and remainder or reversionary interests on or after May 1, 2009 (temporary).

(a) General actuarial valuations. (1) Except as otherwise provided in this section and in § 25.7520-3 (relating to exceptions to the use of prescribed tables under certain circumstances), in the case of certain gifts after April 30, 1989, the fair market value of annuities, interests for life or for a term of years (including unitrust interests), remainders, and reversions is their present value determined under this section. See § 20.2031-7T(d) (and, for certain prior periods, § 20.2031-7A) for the computation of the value of annuities, unitrust interests, life estates, terms for years, remainders, and reversions, other than interests described in paragraphs (a)(2) and (a)(3) of this section.

(2) In the case of a gift to a beneficiary of a pooled income fund on or after May 1, 2009, see § 1.642(c)-6T(e) (or, for certain prior periods, § 1.642(c)-6A) with respect to the valuation of the remainder interest.

(3) [Reserved]. For further guidance, see § 25.7520-1(a)(3).

(b)(1) [Reserved]. For further guidance, see § 25.7520-1(b)(1).

(2) Mortality component. The mortality component reflects the mortality data most recently available from the United States census. As new mortality data becomes available after each decennial census, the mortality component described in this section will be revised periodically and the revised mortality component tables will be published in the regulations at that time. For gifts with valuation dates on or after May 1, 2009, the mortality component table (Table 2000CM) is contained in § 20.2031-7T(d)(7). See § 20.2031-7A for mortality component tables applicable to gifts for which the valuation date falls before May 1, 2009.

(c) [Reserved]. For further guidance, see § 25.7520-1(c).

(1) Regulation sections containing tables with interest rates between 0.2 and 14 percent for valuation dates on or after May 1, 2009. Section 1.642(c)-6T(e)(6) contains Table S used for determining the present value of a single life remainder interest in a pooled income fund as defined in § 1.642(c)-5. See § 1.642(c)-6A for single life remainder factors applicable to valuation dates before May 1, 2009. Section 1.664-4(e)(6) contains Table F (payout factors) and Table D (actuarial factors used in determining the present value of a remainder interest postponed for a term of years). Section 1.664-4T(e)(7) contains Table U(1) (unitrust single life remainder factors). These tables are used in determining the present value of a remainder interest in a charitable remainder unitrust as defined in § 1.664-3. See § 1.664-4A for unitrust single life remainder factors applicable to valuation dates before May 1, 2009. Section 20.2031-7(d)(6) contains Table B (actuarial factors used in determining the present value of an interest for a term of years), Table K (annuity end-of-interval adjustment factors), and Table J (term certain annuity beginning-of-interval adjustment factors). Section 20.2031-7T(d)(7) contains Table S (single life remainder factors), and Table 2000CM (mortality components). These tables are used in determining the present value of annuities, life estates, remainders, and reversions. See § 20.2031-7A for single life remainder factors and mortality components applicable to valuation dates before May 1, 2009.

(2) Internal Revenue Service publications containing tables with interest rates between 0.2 and 22 percent for valuation dates on or after May 1, 2009. The following documents are available beginning May 1, 2009, at no charge, electronically via the IRS Internet site at www.irs.gov:

(i) Internal Revenue Service Publication 1457, "Actuarial Valuations Version 3A" (2009). This publication includes tables of valuation factors, as well as examples that show how to compute other valuation factors, for determining the present value of annuities, life estates, terms of years, remainders, and reversions, measured by one or two lives. These factors may also be used in the valuation of interests in a charitable remainder annuity trust as defined in § 1.664-2 and a pooled income fund as defined in § 1.642(c)-5.

(ii) Internal Revenue Service Publication 1458, "Actuarial Valuations Version 3B" (2009). This publication includes term certain tables and tables of one and two life valuation factors for determining the present value of remainder interests in a charitable remainder unitrust as defined in § 1.664-3.

(iii) Internal Revenue Service Publication 1459, "Actuarial Valuations Version 3C" (2009). This publication includes tables for computing depreciation adjustment factors. See § 1.170A-12T.

(d) Effective/applicability date. This section applies on or after May 1, 2009.

(e) Expiration date. This section expires on or before May 1, 2012.

Par. 39. Section 25.7520-3 is amended by revising paragraph (b)(2)(v), Example 5 and paragraph (b)(4) to read as follows:

§ 25.7520-3 Limitation on the application of section 7520.

* * * * *

(b) * * *

(2) * * *

(v) * * *

Example 5. [Reserved]. For further guidance, see § 25.7520-3T(b)(2)(v) Example 5.

* * * * *

(4) [Reserved]. For further guidance, see § 25.7520-3T(b)(4).

* * * * *

Par. 40. Section 25.7520-3T is added as follows:

§ 25.7520-3T Limitation on the application of section 7520 (temporary).

(a) through (b)(2)(iv) [Reserved]. For further guidance, see § 25.7520-3(a) through (b)(2)(iv).

(b)(2)(v) Examples 1 through 4. [Reserved]. For further guidance, see § 25.7520-3(b)(2)(v) Examples 1 through 4.

Example 5. Eroding corpus in an annuity trust. (i) The donor, who is age 60 and in normal health, transfers property worth $1,000,000 to a trust on or after May 1,2009. The trust will pay a 10 percent ($100,000 per year) annuity to a charitable organization for the life of the donor, payable annually at the end of each period, and the remainder then will be distributed to the donor's child. The section 7520 rate for the month of the transfer is 6.8 percent. First, it is necessary to determine whether the annuity may exhaust the corpus before all annuity payments are made. Because it is assumed that any measuring life may survive until age 110, any life annuity could require payments until the measuring life reaches age 110. Based on a section 7520 interest rate of 6.8 percent, the determination of whether the annuity may exhaust the corpus before the annuity payments are made is computed as follows:

 Age to which life annuity may continue                 110
 less: Age of measuring life at date of transfer         60
      Number of years annuity may continue               50

 Annual annuity payment                            $100,000.00
 times: Annuity factor for 50 years
 derived from Table B
 (1 - .037277 / .068)                                  14.1577
 Present value of term certain annuity           $1,415,770.00

(ii) Because the present value of an annuity for a term of 50 years exceeds the corpus, the annuity may exhaust the trust before all payments are made. Consequently, the annuity must be valued as an annuity payable for a term of years or until the prior death of the annuitant, with the term of years determined by when the fund will be exhausted by the annuity payments.

(iii) The annuity factor for a term of years at 6.8 percent is derived by subtracting the applicable remainder factor in Table B (see § 20.2031-7(d)(6)) from 1.000000 and then dividing the result by .068. An annuity of $100,000 payable at the end of each year for a period that has an annuity factor of 10.0 would have a present value exactly equal to the principal available to pay the annuity over the term. The annuity factor for 17 years is 9.8999 and the annuity factor for 18 years is 10.2059. Thus, it is determined that the $1,000,000 initial transfer will be sufficient to make 17 annual payments of $100,000, but not to make the entire 18th payment. The present value of an annuity of $100,000 payable at the end of each year for 17 years certain is $100,000 times 9.8999 or $989,990. The remaining amount is $10,010.00. Of the initial corpus amount, $10,010.00 is not needed to make payments for 17 years, so this amount, as accumulated for 18 years, will be available for the final payment. The 18-year accumulation factor is (1 + 0.068)18 or 3.268004. Then the amount available in 18 years is $10,010.00 times 3.268004 or $32,712.72. Therefore,for purposes of analysis we consider the annuity payments as being composed of two distinct annuity components. The two annuity components taken together must equal the total annual amount of $100,000. The first annuity is the exact amount that the trust will have available for the final payment, $32,712.72. The second annuity component then must be $100,000 minus $32,712.72, or $67,287.28. Specifically, the initial corpus will be able to make payments of $67,287.28 per year for 17 years plus payments of $32,712.72 per year for 18 years. The total annuity is valued by adding the value of the two separate temporary component annuities.

(iv) Based on Table H of Publication 1457, Actuarial Valuations Version 3A, which may be obtained from the IRS Internet site, the present value of an annuity of $67,287.28 per year payable for 17 years or until the prior death of a person aged 60 is $597,013.12 ($67,287.28 X 8.8726). The present value of an annuity of $32,712.72 per year payable for 18 years or until the prior death of a person aged 60 is $296,887.56 ($32,712.72 X 9.0756). Thus, the present value of the charitable annuity interest is $893,900.68 ($597,013.12 + $296,887.56).

(3) [Reserved]. For further guidance, see § 25.7520-3(b)(3).

(4) Example. The provisions of paragraph (b)(3) of this section are illustrated by the following example:

Example. Terminal illness. The donor transfers property worth $1,000,000 to a child on or after May 1, 2009, in exchange for the child's promise to pay the donor $80,000 per year for the donor's life, payable annually at the end of each period. The donor is age 75 but has been diagnosed with an incurable illness and has at least a 50 percent probability of dying within 1 year. The section 7520 interest rate for the month of the transfer is 7.6 percent, and the standard annuity factor at that interest rate for a person age 75 in normal health is 6.6493 (1 - .49465 / .076). Thus, if the donor were not terminally ill, the present value of the annuity would be $531,944.00 ($80,000 X 6.6493). Assuming the presumption provided in paragraph (b)(3) of this section does not apply, because there is at least a 50 percent probability that the donor will die within 1 year, the standard section 7520 annuity factor may not be used to determine the present value of the donor's annuity interest. Instead, a special section 7520 annuity factor must be computed that takes into account the projection of the donor's actual life expectancy.

(5) [Reserved]. For further guidance, see § 25.7520-3(b)(5).

(c) Effective/applicability dates. Section 25.7520-3(a) is effective as of May 1, 1989. The provisions of paragraph (b) of this section, except Example 5 in paragraph (b)(2)(v) and paragraph (b)(4), are effective with respect to gifts made after December 13, 1995. Example 5 in paragraph (b)(2)(v) and paragraph (b)(4) are effective with respect to gifts made on or after May 1, 2009.

Par. 41. For each section listed in the table below, remove the language in the "Remove" column and add in its place the language in the "Add" column as set forth below:

      Section                  Remove                         Add

 § 1.170A-12(e)(2)            Table 90CNSMT in               Table 2000CM in
 following the formula        § 20.2031-7                    § 20.2031-7T

 § 1.170A-14(h)(4),           May 1, 1999                    May 1, 2009
 Example 2, fourth
 sentence
 § 1.664-1(a)(6)              §§ 1.664-4(e) and              §§ 1.664-4T(e) and
 introductory text            1.664-4A(d) and (e)            1.664-4A

                Linda E. Stiff
                Deputy Commissioner for
                Services and Enforcement.
Approved: April 23, 2009
Bernard J. Knight, Jr
Acting General Counsel of the
Treasury.

Add comment

Login or register to post comments

Comments

Group details

Follow

RSS

This group offers an RSS feed. Or subscribe to these personalized, sitewide feeds:
 
7520 Rates: June 2.2% May 2.4% Apr 2.2%

Already a member?

Learn, Share, Gain Insight, Connect, Advance

Join Today For Free!

Join the PGDC community and…

  • Learn through thousands of pages of content, newsletters and forums
  • Share by commenting on and rating content, answering questions in the forums, and writing
  • Gain insight into other disciplines in the field
  • Connect – Interact – Grow
  • Opt-in to Include your profile in our searchable national directory. By default, your identity is protected

…Market yourself to a growing industry