[Federal Register Volume 65, Number 113 (Monday, June 12, 2000)]
[Rules and Regulations]
[Pages 36908-36944]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-12986]



[[Page 36907]]

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Part II





Department of the Treasury





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Internal Revenue Service



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26 CFR Part 1 et al.



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

Federal Register / Vol. 65, No. 113 / Monday, June 12, 2000 / Rules 
and Regulations

[[Page 36908]]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

26 CFR Parts 1, 20, and 25

[TD 8886]
RIN 1545-AX07


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

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Final regulations.

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

DATES: These regulations are effective June 12, 2000.

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


SUPPLEMENTARY INFORMATION:

Background

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

                                     Cross Reference to Regulation Sections
----------------------------------------------------------------------------------------------------------------
       Valuation period         Interest rate     Regulation section                      Table
----------------------------------------------------------------------------------------------------------------
                                                   Section 642
----------------------------------------------------------------------------------------------------------------
Valuation, in general........  ..............  1.642(c)-6
    Before 01/01/52..........  4%              1.642(c)-6A(a)
01/01/52-12/31/70............  3.5%            1.642(c)-6A(b)
01/01/71-11/30/83............  6%              1.642(c)-6A(c)
12/01/83-04/30/89............  10%             1.642(c)-6A(d)           Table G.
05/01/89-04/30/99............  Sec.  7520      1.642(c)-6A(e)           Table S (05/01/89-4/30/99).
    After 04/30/99...........  Sec.  7520      1.642(c)-6(e)            Table S (after 04/30/99).
----------------------------------------------------------------------------------------------------------------
                                                   Section 664
----------------------------------------------------------------------------------------------------------------
Valuation, in general........  ..............  1.664-4
    Before 01/01/52..........  4%              1.664-4A(a)
01/01/52-12/31/70............  3.5%            1.664-4A(b)
01/01/71-11/30/83............  6%              1.664-4A(c)
12/01/83-04/30/89............  10%             1.664-4A(d)              Table E, Table F(1).
05/01/89-04/30/99............  Sec.  7520      1.664-4A(e)              Table U(1) (05/01/89-4/30/99).
    After 04/30/99...........  Sec.  7520      1.664-4(e)(6)            Table D and
                                                                        Tables F(4.2)-F(14.0)
                               ..............  1.664-4(e)(7)            Table U(1) (after 04/30/99).
----------------------------------------------------------------------------------------------------------------
                                                  Section 2031
----------------------------------------------------------------------------------------------------------------
Valuation, in general........  ..............  20.2031-7
    Before 01/01/52..........  4%              20.2031-7A(a)
01/01/52-12/31/70............  3.5%            20.2031-7A(b)
01/01/71-11/30/83............  6%              20.2031-7A(c)
12/01/83-04/30/89............  10%             20.2031-7A(d)            Table A, Table B, Table LN.
05/01/89-04/30/99............  Sec.  7520      20.2031-7A(e)            Table S (05/01/89-4/30/99)
                                                                        Life Table 80CNSMT.
    After 04/30/99...........  Sec.  7520      20.2031-7(d)(6)          Table B, Table J, Table K
                                               20.2031-7(d)(7)          Table S (after 04/30/99) and
                                                                        Life Table 90CM.
----------------------------------------------------------------------------------------------------------------
                                                  Section 2512
----------------------------------------------------------------------------------------------------------------
Valuation, in general........  ..............  25.2512-5
    Before 01/01/52..........  4%              25.2512-5A(a)
01/01/52-12/31/70............  3.5%            25.2512-5A(b)
01/01/71-11/30/83............  6%              25.2512-5A(c)
12/01/83-04/30/89............  10%             25.2512-5A(d)

[[Page 36909]]

 
05/01/89-04/30/99............  Sec.  7520      25.2512-5A(e)
    After 04/30/99...........  Sec.  7520      25.2512-5(d)
----------------------------------------------------------------------------------------------------------------

Effective Dates

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

Special Analysis

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

Drafting Information

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

List of Subjects

26 CFR Part 1

    Income taxes, Reporting and recordkeeping requirements.

26 CFR Part 20

    Estate taxes, Reporting and recordkeeping requirements.

26 CFR Part 25

    Gift taxes, Reporting and recordkeeping requirements.

Adoption of Amendments to the Regulations

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

PART 1--INCOME TAXES

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

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


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


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

* * * * *
    (b) * * *
    (2) Computation of depreciation factor. If the valuation of the 
remainder interest in depreciable property is dependent upon the 
continuation of one life, a special factor must be used. The factor 
determined under this paragraph (b)(2) is carried to the fifth decimal 
place. The special factor is to be computed on the basis of the 
interest rate and life contingencies prescribed in Sec. 20.2031-7 of 
this chapter (or for periods before May 1, 1999, Sec. 20.2031-7A) and 
on the assumption that the property depreciates on a straight-line 
basis over its estimated useful life. For transfers for which the 
valuation date is after April 30, 1999, special factors for determining 
the present value of a remainder interest following one life and an 
example describing the computation is contained in Internal Revenue 
Service Publication 1459, ``Actuarial Values, Book Gimel,'' (7-1999). A 
copy of this publication is available for purchase from the 
Superintendent of Documents, United States Government Printing Office, 
Washington, DC 20402. For transfers for which the valuation date is 
after April 30, 1989, and before May 1, 1999, special factors for 
determining the present value of a remainder interest following one 
life and an example describing the computation is contained in Internal 
Revenue Service Publication 1459, ``Actuarial Values, Gamma Volume,'' 
(8-89). This publication is no longer available for purchase from the 
Superintendent of Documents. However, it may be obtained by requesting 
a copy from: CC:DOM:CORP:R (IRS Publication 1459), room 5226, Internal 
Revenue Service, POB 7604, Ben Franklin Station, Washington, DC 20044. 
See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of 
prescribed tables under certain circumstances). Otherwise, in the case 
of the valuation of a remainder interest following one life, the 
special factor may be obtained through use of the following formula:
[GRAPHIC] [TIFF OMITTED] TR12JN00.000

Where:

n=the estimated number of years of useful life,
i=the applicable interest rate under section 7520 of the Internal 
Revenue Code,
v=1 divided by the sum of 1 plus the applicable interest rate under 
section 7520 of the Internal Revenue Code,
x=the age of the life tenant, and
lx=number of persons living at age x as set forth in Table 90CM of 
Sec. 20.2031-7 (or, for periods before May 1, 1999, the tables set 
forth under Sec. 20.2031-7A) of this chapter.

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

    Example. A, who is 62, donates to Y University a remainder 
interest in a personal residence, consisting of a house and land, 
subject to a reserved life estate in A. At the time of the gift, the 
land has a value of $30,000 and the house has a value of

[[Page 36910]]

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


Sec. 1.170A-12T  [Removed]

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

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


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

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

------------------------------------------------------------------------
               Valuation Dates
----------------------------------------------  Applicable  regulations
              After                  Before
------------------------------------------------------------------------
                                     01-01-52  1.642(c)-6A(a)
12-31-51.........................    01-01-71  1.642(c)-6A(b)
12-31-70.........................    12-01-83  1.642(c)-6A(c)
11-30-83.........................    05-01-89  1.642(c)-6A(d)
04-30-89.........................    05-01-99  1.642(c)-6A(e)
------------------------------------------------------------------------

    (e) Present value of the remainder interest in the case of 
transfers to pooled income funds for which the valuation date is after 
April 30, 1999--(1) In general. In the case of transfers to pooled 
income funds for which the valuation date is after April 30, 1999, the 
present value of a remainder interest is determined under this section. 
See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of 
prescribed tables under certain circumstances). The present value of a 
remainder interest that is dependent on the termination of the life of 
one individual is computed by the use of Table S in paragraph (e)(6) of 
this section. For purposes of the computations under this section, the 
age of an individual is the age at the individual's nearest birthday.
    (2) Transitional rules for valuation of transfers to pooled income 
funds. (i) For purposes of sections 2055, 2106, or 2624, if on May 1, 
1999, the decedent was mentally incompetent so that the disposition of 
the property could not be changed, and the decedent died after April 
30, 1999, without having regained competency to dispose of the 
decedent's property, or the decedent died within 90 days of the date 
that the decedent first regained competency after April 30, 1999, the 
present value of a remainder interest is determined as if the valuation 
date with respect to the decedent's gross estate is either before May 
1, 1999, or after April 30, 1999, at the option of the decedent's 
executor.
    (ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in 
the case of transfers to a pooled income fund for which the valuation 
date is after April 30, 1999, and before July 1, 1999, the present 
value of the remainder interest under this section is determined by use 
of the section 7520 interest rate for the month in which the valuation 
date occurs (see Secs. 1.7520-1(b) and 1.7520-2(a)(2)) and the 
appropriate actuarial tables under either paragraph (e)(6) of this 
section or Sec. 1.642(c)-6A(e)(5), at the option of the donor or the 
decedent's executor, as the case may be.
    (iii) For purposes of paragraphs (e)(2)(i) and (ii) of this 
section, where the donor or decedent's executor is given the option to 
use the appropriate actuarial tables under either paragraph (e)(6) of 
this section or Sec. 1.642(c)-6A(e)(5), the donor or decedent's 
executor must use the same actuarial table with respect to each 
individual transaction and with respect to all transfers occurring on 
the valuation date (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 Sec. 20.2031-7(d)(7) of this chapter (see 
Sec. 20.2031-7A of this chapter for certain prior periods); and
    (ii) Discount at a rate of interest, compounded annually, equal to 
the highest yearly rate of return of the pooled income fund for the 3 
taxable years immediately preceding its taxable year in which the 
transfer of property to the fund is made. For purposes of this 
paragraph (e), the yearly rate of return of a pooled income fund is 
determined as provided in paragraph (c) of this section unless the 
highest rate of return is deemed to be the rate described in paragraph 
(e)(4) of this section for funds in existence less than 3 taxable 
years. For purposes of this paragraph (e)(3)(ii), the first taxable 
year of a pooled income fund is considered a taxable year even though 
the taxable year consists of less than 12 months. However, appropriate 
adjustments must be made to annualize the rate of return earned by the 
fund for that period. Where it appears from the facts and circumstances 
that the highest yearly rate of return of the fund for the 3 taxable 
years immediately preceding the taxable year in which the transfer of 
property is made has been purposely manipulated to be substantially 
less than the rate of return that would otherwise be reasonably 
anticipated with the purpose of obtaining an excessive charitable 
deduction, that rate of return may not be used. In that case, the 
highest yearly rate of return of the fund is determined by treating the 
fund as a pooled income fund that has been in existence for less than 3 
preceding taxable years.
    (4) Pooled income funds in existence less than 3 taxable years. If 
a pooled income fund has been in existence less than 3 taxable years 
immediately preceding the taxable year in which the transfer is made to 
the fund and the transfer to the fund is made after April 30, 1989, the 
highest rate of return is deemed to be the interest rate (rounded to 
the nearest two-tenths of one percent) that is 1 percent less than the 
highest annual average of the monthly section 7520 rates for the 3 
calendar years immediately preceding the calendar year in which the 
transfer to the pooled income fund is made. The deemed rate of return 
for transfers to new pooled income funds is recomputed each calendar 
year using the monthly section 7520 rates for the 3-year period 
immediately preceding the calendar year in which each transfer to the 
fund is made until the fund has been in existence for 3 taxable years 
and can compute its highest rate of return for the 3 taxable years 
immediately preceding the taxable year in which the transfer of 
property to the fund is made in accordance with the rules set forth in

[[Page 36911]]

the first sentence of paragraph (e)(3)(ii) of this section.
    (5) Computation of value of remainder interest. The factor that is 
used in determining the present value of a remainder interest that is 
dependent on the termination of the life of one individual is the 
factor from Table S in paragraph (e)(6) of this section under the 
appropriate yearly rate of return opposite the number that corresponds 
to the age of the individual upon whose life the value of the remainder 
interest is based (see Sec. 1.642(c)-6A for certain prior periods). The 
tables in paragraph (e)(6) of this section include factors for yearly 
rates of return from 4.2 to 14 percent. Many actuarial factors not 
contained in the tables in paragraph (e)(6) of this section are 
contained in Table S in Internal Revenue Service Publication 1457, 
``Actuarial Values, Book Aleph,'' (7-1999). A copy of this publication 
is available for purchase from the Superintendent of Documents, United 
States Government Printing Office, Washington, DC 20402. For other 
situations, see paragraph (b) of this section. If the yearly rate of 
return is a percentage that is between the yearly rates of return for 
which factors are provided, a linear interpolation must be made. The 
present value of the remainder interest is determined by multiplying 
the fair market value of the property on the valuation date by the 
appropriate remainder factor. This paragraph (e)(5) may be illustrated 
by the following example:

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

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


Interpolation adjustment:
[GRAPHIC] [TIFF OMITTED] TR12JN00.001


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


Present value of remainder interest:

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

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

    Table S.--Based on Life Table 90CM Single Life Remainder Factors
                     Applicable After April 30, 1999
                             [Interest rate]
 
 


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 4.2%     4.4%     4.6%     4.8%     5.0%     5.2%     5.4%     5.6%     5.8%     6.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .06752   .06130   .05586   .05109   .04691   .04322   .03998   .03711   .03458   .03233
1.............................................................   .06137   .05495   .04932   .04438   .04003   .03620   .03283   .02985   .02721   .02487
2.............................................................   .06325   .05667   .05088   .04580   .04132   .03737   .03388   .03079   .02806   .02563
3.............................................................   .06545   .05869   .05275   .04752   .04291   .03883   .03523   .03203   .02920   .02668
4.............................................................   .06784   .06092   .05482   .04944   .04469   .04048   .03676   .03346   .03052   .02791
5.............................................................   .07040   .06331   .05705   .05152   .04662   .04229   .03845   .03503   .03199   .02928
6.............................................................   .07310   .06583   .05941   .05372   .04869   .04422   .04025   .03672   .03357   .03076
7.............................................................   .07594   .06849   .06191   .05607   .05089   .04628   .04219   .03854   .03528   .03236
8.............................................................   .07891   .07129   .06453   .05853   .05321   .04846   .04424   .04046   .03709   .03407
9.............................................................   .08203   .07423   .06731   .06115   .05567   .05079   .04643   .04253   .03904   .03592
10............................................................   .08532   .07734   .07024   .06392   .05829   .05326   .04877   .04474   .04114   .03790
11............................................................   .08875   .08059   .07331   .06683   .06104   .05587   .05124   .04709   .04336   .04002
12............................................................   .09233   .08398   .07653   .06989   .06394   .05862   .05385   .04957   .04572   .04226
13............................................................   .09601   .08748   .07985   .07304   .06693   .06146   .05655   .05214   .04816   .04458
14............................................................   .09974   .09102   .08322   .07624   .06997   .06435   .05929   .05474   .05064   .04694
15............................................................   .10350   .09460   .08661   .07946   .07303   .06725   .06204   .05735   .05312   .04930
16............................................................   .10728   .09818   .09001   .08268   .07608   .07014   .06479   .05996   .05559   .05164
17............................................................   .11108   .10179   .09344   .08592   .07916   .07306   .06755   .06257   .05807   .05399
18............................................................   .11494   .10545   .09691   .08921   .08227   .07601   .07034   .06521   .06057   .05636
19............................................................   .11889   .10921   .10047   .09259   .08548   .07904   .07322   .06794   .06315   .05880
20............................................................   .12298   .11310   .10417   .09610   .08881   .08220   .07622   .07078   .06584   .06135
21............................................................   .12722   .11713   .10801   .09976   .09228   .08550   .07935   .07375   .06866   .06403
22............................................................   .13159   .12130   .11199   .10354   .09588   .08893   .08260   .07685   .07160   .06682
23............................................................   .13613   .12563   .11612   .10748   .09964   .09250   .08601   .08009   .07468   .06975
24............................................................   .14084   .13014   .12043   .11160   .10357   .09625   .08958   .08349   .07793   .07284
25............................................................   .14574   .13484   .12493   .11591   .10768   .10018   .09334   .08708   .08135   .07611
26............................................................   .15084   .13974   .12963   .12041   .11199   .10431   .09728   .09085   .08496   .07956
27............................................................   .15615   .14485   .13454   .12513   .11652   .10865   .10144   .09484   .08878   .08322
28............................................................   .16166   .15016   .13965   .13004   .12124   .11319   .10580   .09901   .09279   .08706
29............................................................   .16737   .15567   .14497   .13516   .12617   .11792   .11035   .10339   .09699   .09109
30............................................................   .17328   .16138   .15048   .14047   .13129   .12286   .11510   .10796   .10138   .09532
31............................................................   .17938   .16728   .15618   .14599   .13661   .12799   .12004   .11272   .10597   .09974
32............................................................   .18568   .17339   .16210   .15171   .14214   .13333   .12520   .11769   .11076   .10435
33............................................................   .19220   .17972   .16824   .15766   .14790   .13889   .13058   .12289   .11578   .10920
34............................................................   .19894   .18627   .17460   .16383   .15388   .14468   .13618   .12831   .12102   .11426
35............................................................   .20592   .19307   .18121   .17025   .16011   .15073   .14204   .13399   .12652   .11958
36............................................................   .21312   .20010   .18805   .17691   .16658   .15701   .14814   .13990   .13225   .12514
37............................................................   .22057   .20737   .19514   .18382   .17331   .16356   .15450   .14608   .13825   .13096
38............................................................   .22827   .21490   .20251   .19100   .18031   .17038   .16113   .15253   .14452   .13705
39............................................................   .23623   .22270   .21013   .19845   .18759   .17747   .16805   .15927   .15108   .14344
40............................................................   .24446   .23078   .21805   .20620   .19516   .18487   .17527   .16631   .15795   .15013

[[Page 36912]]

 
41............................................................   .25298   .23915   .22626   .21425   .20305   .19259   .18282   .17368   .16514   .15715
42............................................................   .26178   .24782   .23478   .22262   .21125   .20062   .19069   .18138   .17267   .16450
43............................................................   .27087   .25678   .24360   .23129   .21977   .20898   .19888   .18941   .18053   .17220
44............................................................   .28025   .26603   .25273   .24027   .22860   .21766   .20740   .19777   .18873   .18023
45............................................................   .28987   .27555   .26212   .24953   .23772   .22664   .21622   .20644   .19724   .18858
46............................................................   .29976   .28533   .27179   .25908   .24714   .23591   .22536   .21542   .20606   .19725
47............................................................   .30987   .29535   .28171   .26889   .25682   .24546   .23476   .22468   .21518   .20621
48............................................................   .32023   .30563   .29190   .27897   .26678   .25530   .24447   .23425   .22460   .21549
49............................................................   .33082   .31615   .30234   .28931   .27702   .26543   .25447   .24412   .23434   .22509
50............................................................   .34166   .32694   .31306   .29995   .28756   .27586   .26479   .25432   .24441   .23502
51............................................................   .35274   .33798   .32404   .31085   .29838   .28658   .27541   .26482   .25479   .24528
52............................................................   .36402   .34924   .33525   .32200   .30946   .29757   .28630   .27561   .26547   .25584
53............................................................   .37550   .36070   .34668   .33339   .32078   .30882   .29746   .28667   .27643   .26669
54............................................................   .38717   .37237   .35833   .34500   .33234   .32031   .30888   .29801   .28766   .27782
55............................................................   .39903   .38424   .37019   .35683   .34413   .33205   .32056   .30961   .29918   .28925
56............................................................   .41108   .39631   .38227   .36890   .35617   .34405   .33250   .32149   .31099   .30097
57............................................................   .42330   .40857   .39455   .38118   .36844   .35629   .34469   .33363   .32306   .31297
58............................................................   .43566   .42098   .40699   .39364   .38089   .36873   .35710   .34600   .33538   .32522
59............................................................   .44811   .43351   .41956   .40623   .39350   .38133   .36968   .35855   .34789   .33768
60............................................................   .46066   .44613   .43224   .41896   .40624   .39408   .38243   .37127   .36058   .35033
61............................................................   .47330   .45887   .44505   .43182   .41914   .40699   .39535   .38418   .37347   .36318
62............................................................   .48608   .47175   .45802   .44485   .43223   .42011   .40848   .39732   .38660   .37629
63............................................................   .49898   .48478   .47115   .45807   .44550   .43343   .42184   .41069   .39997   .38966
64............................................................   .51200   .49793   .48442   .47143   .45895   .44694   .43539   .42427   .41357   .40326
65............................................................   .52512   .51121   .49782   .48495   .47255   .46062   .44912   .43805   .42738   .41709
66............................................................   .53835   .52461   .51137   .49862   .48634   .47449   .46307   .45206   .44143   .43118
67............................................................   .55174   .53818   .52511   .51250   .50034   .48860   .47727   .46633   .45576   .44556
68............................................................   .56524   .55188   .53899   .52654   .51452   .50291   .49168   .48083   .47034   .46020
69............................................................   .57882   .56568   .55299   .54071   .52885   .51737   .50627   .49552   .48513   .47506
70............................................................   .59242   .57951   .56703   .55495   .54325   .53193   .52096   .51034   .50004   .49007
71............................................................   .60598   .59332   .58106   .56918   .55767   .54651   .53569   .52520   .51503   .50516
72............................................................   .61948   .60707   .59504   .58338   .57206   .56108   .55043   .54009   .53004   .52029
73............................................................   .63287   .62073   .60895   .59751   .58640   .57561   .56513   .55495   .54505   .53543
74............................................................   .64621   .63435   .62282   .61162   .60073   .59015   .57985   .56984   .56009   .55061
75............................................................   .65953   .64796   .63671   .62575   .61510   .60473   .59463   .58480   .57523   .56591
76............................................................   .67287   .66160   .65063   .63995   .62954   .61940   .60952   .59989   .59050   .58135
77............................................................   .68622   .67526   .66459   .65419   .64404   .63415   .62450   .61509   .60590   .59694
78............................................................   .69954   .68892   .67856   .66845   .65858   .64895   .63955   .63036   .62140   .61264
79............................................................   .71278   .70250   .69246   .68265   .67308   .66372   .65457   .64563   .63690   .62836
80............................................................   .72581   .71588   .70618   .69668   .68740   .67833   .66945   .66077   .65227   .64396
81............................................................   .73857   .72899   .71962   .71045   .70147   .69268   .68408   .67566   .66741   .65933
82............................................................   .75101   .74178   .73274   .72389   .71522   .70672   .69840   .69024   .68225   .67441
83............................................................   .76311   .75423   .74553   .73700   .72864   .72044   .71240   .70451   .69678   .68919
84............................................................   .77497   .76645   .75809   .74988   .74183   .73393   .72618   .71857   .71110   .70377
85............................................................   .78665   .77848   .77047   .76260   .75487   .74728   .73982   .73250   .72530   .71823
86............................................................   .79805   .79025   .78258   .77504   .76764   .76036   .75320   .74617   .73925   .73245
87............................................................   .80904   .80159   .79427   .78706   .77998   .77301   .76615   .75940   .75277   .74624
88............................................................   .81962   .81251   .80552   .79865   .79188   .78521   .77865   .77220   .76584   .75958
89............................................................   .82978   .82302   .81636   .80980   .80335   .79699   .79072   .78455   .77847   .77248
90............................................................   .83952   .83309   .82676   .82052   .81437   .80831   .80234   .79645   .79064   .78492
91............................................................   .84870   .84260   .83658   .83064   .82479   .81902   .81332   .80771   .80217   .79671
92............................................................   .85716   .85136   .84563   .83998   .83441   .82891   .82348   .81812   .81283   .80761
93............................................................   .86494   .85942   .85396   .84858   .84326   .83801   .83283   .82771   .82266   .81767
94............................................................   .87216   .86690   .86170   .85657   .85149   .84648   .84153   .83664   .83181   .82704
95............................................................   .87898   .87397   .86902   .86412   .85928   .85450   .84977   .84510   .84049   .83592
96............................................................   .88537   .88060   .87587   .87121   .86659   .86203   .85751   .85305   .84864   .84427
97............................................................   .89127   .88672   .88221   .87775   .87335   .86898   .86467   .86040   .85618   .85200
98............................................................   .89680   .89245   .88815   .88389   .87968   .87551   .87138   .86730   .86326   .85926
99............................................................   .90217   .89803   .89393   .88987   .88585   .88187   .87793   .87402   .87016   .86633
100...........................................................   .90738   .90344   .89953   .89567   .89183   .88804   .88428   .88056   .87687   .87322
101...........................................................   .91250   .90876   .90504   .90137   .89772   .89412   .89054   .88699   .88348   .88000
102...........................................................   .91751   .91396   .91045   .90696   .90350   .90007   .89668   .89331   .88997   .88666
103...........................................................   .92247   .91912   .91579   .91249   .90922   .90598   .90276   .89957   .89640   .89326
104...........................................................   .92775   .92460   .92148   .91839   .91532   .91227   .90924   .90624   .90326   .90031
105...........................................................   .93290   .92996   .92704   .92415   .92127   .91841   .91558   .91276   .90997   .90719
106...........................................................   .93948   .93680   .93415   .93151   .92889   .92628   .92370   .92113   .91857   .91604
107...........................................................   .94739   .94504   .94271   .94039   .93808   .93579   .93351   .93124   .92899   .92675
108...........................................................   .95950   .95767   .95585   .95404   .95224   .95045   .94867   .94689   .94512   .94336
109...........................................................   .97985   .97893   .97801   .97710   .97619   .97529   .97438   .97348   .97259   .97170


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 6.2%     6.4%     6.6%     6.8%     7.0%     7.2%     7.4%     7.6%     7.8%     8.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .03034   .02857   .02700   .02559   .02433   .02321   .02220   .02129   .02047   .01973
1.............................................................   .02279   .02094   .01929   .01782   .01650   .01533   .01427   .01331   .01246   .01168

[[Page 36913]]

 
2.............................................................   .02347   .02155   .01983   .01829   .01692   .01569   .01458   .01358   .01268   .01187
3.............................................................   .02444   .02243   .02065   .01905   .01761   .01632   .01516   .01412   .01317   .01232
4.............................................................   .02558   .02349   .02163   .01996   .01846   .01712   .01590   .01481   .01382   .01292
5.............................................................   .02686   .02469   .02275   .02101   .01945   .01804   .01677   .01562   .01458   .01364
6.............................................................   .02825   .02600   .02398   .02217   .02053   .01906   .01773   .01653   .01544   .01445
7.............................................................   .02976   .02742   .02532   .02343   .02172   .02019   .01880   .01754   .01640   .01536
8.............................................................   .03137   .02894   .02675   .02479   .02301   .02140   .01995   .01864   .01744   .01635
9.............................................................   .03311   .03059   .02832   .02627   .02442   .02274   .02122   .01985   .01859   .01745
10............................................................   .03499   .03237   .03001   .02788   .02595   .02420   .02262   .02118   .01987   .01867
11............................................................   .03700   .03428   .03183   .02961   .02760   .02578   .02413   .02262   .02125   .02000
12............................................................   .03913   .03632   .03377   .03146   .02937   .02748   .02575   .02418   .02275   .02144
13............................................................   .04135   .03843   .03579   .03339   .03122   .02924   .02744   .02580   .02431   .02294
14............................................................   .04359   .04057   .03783   .03534   .03308   .03102   .02915   .02744   .02587   .02444
15............................................................   .04584   .04270   .03986   .03728   .03493   .03279   .03083   .02905   .02742   .02593
16............................................................   .04806   .04482   .04187   .03919   .03674   .03452   .03248   .03063   .02892   .02736
17............................................................   .05029   .04692   .04387   .04108   .03855   .03623   .03411   .03218   .03040   .02877
18............................................................   .05253   .04905   .04588   .04299   .04036   .03795   .03574   .03373   .03187   .03017
19............................................................   .05484   .05124   .04796   .04496   .04222   .03972   .03742   .03532   .03339   .03161
20............................................................   .05726   .05354   .05013   .04702   .04418   .04158   .03919   .03700   .03498   .03313
21............................................................   .05980   .05595   .05242   .04920   .04625   .04354   .04105   .03877   .03667   .03473
22............................................................   .06246   .05847   .05482   .05147   .04841   .04559   .04301   .04063   .03844   .03642
23............................................................   .06524   .06112   .05734   .05387   .05069   .04777   .04508   .04260   .04032   .03821
24............................................................   .06819   .06392   .06001   .05642   .05312   .05008   .04728   .04470   .04232   .04012
25............................................................   .07131   .06690   .06285   .05913   .05570   .05255   .04964   .04695   .04447   .04218
26............................................................   .07460   .07005   .06586   .06200   .05845   .05518   .05215   .04936   .04677   .04438
27............................................................   .07810   .07340   .06907   .06508   .06140   .05800   .05485   .05195   .04925   .04676
28............................................................   .08179   .07693   .07246   .06833   .06451   .06098   .05772   .05469   .05189   .04929
29............................................................   .08566   .08065   .07603   .07176   .06780   .06414   .06075   .05761   .05469   .05198
30............................................................   .08973   .08456   .07978   .07536   .07127   .06748   .06396   .06069   .05766   .05483
31............................................................   .09398   .08865   .08372   .07915   .07491   .07098   .06733   .06394   .06078   .05785
32............................................................   .09843   .09294   .08785   .08313   .07875   .07468   .07089   .06737   .06409   .06103
33............................................................   .10310   .09745   .09220   .08732   .08279   .07858   .07466   .07100   .06759   .06441
34............................................................   .10799   .10217   .09676   .09173   .08705   .08269   .07862   .07483   .07129   .06798
35............................................................   .11314   .10715   .10157   .09638   .09155   .08704   .08283   .07890   .07522   .07179
36............................................................   .11852   .11236   .10662   .10127   .09628   .09162   .08726   .08319   .07938   .07581
37............................................................   .12416   .11783   .11193   .10641   .10126   .09645   .09194   .08772   .08377   .08006
38............................................................   .13009   .12359   .11751   .11183   .10652   .10155   .09689   .09253   .08843   .08459
39............................................................   .13629   .12962   .12338   .11753   .11206   .10693   .10212   .09761   .09337   .08938
40............................................................   .14281   .13597   .12955   .12355   .11791   .11262   .10766   .10299   .09860   .09447
41............................................................   .14966   .14264   .13606   .12989   .12409   .11864   .11352   .10870   .10417   .09989
42............................................................   .15685   .14966   .14291   .13657   .13061   .12500   .11972   .11475   .11006   .10564
43............................................................   .16437   .15702   .15010   .14360   .13747   .13171   .12627   .12115   .11631   .11174
44............................................................   .17224   .16472   .15764   .15098   .14469   .13876   .13317   .12789   .12290   .11819
45............................................................   .18042   .17274   .16550   .15867   .15223   .14615   .14040   .13496   .12982   .12496
46............................................................   .18893   .18110   .17370   .16671   .16011   .15387   .14796   .14238   .13708   .13207
47............................................................   .19775   .18975   .18220   .17505   .16830   .16190   .15584   .15010   .14466   .13950
48............................................................   .20688   .19873   .19102   .18373   .17682   .17027   .16406   .15817   .15258   .14727
49............................................................   .21633   .20804   .20018   .19274   .18568   .17898   .17262   .16658   .16084   .15539
50............................................................   .22612   .21769   .20969   .20210   .19490   .18805   .18155   .17536   .16948   .16388
51............................................................   .23625   .22769   .21955   .21182   .20448   .19749   .19084   .18452   .17849   .17275
52............................................................   .24669   .23799   .22973   .22186   .21438   .20726   .20047   .19400   .18784   .18196
53............................................................   .25742   .24861   .24022   .23222   .22461   .21735   .21043   .20383   .19753   .19151
54............................................................   .26845   .25952   .25101   .24290   .23516   .22777   .22072   .21399   .20756   .20140
55............................................................   .27978   .27074   .26212   .25389   .24604   .23853   .23136   .22450   .21793   .21166
56............................................................   .29140   .28227   .27355   .26522   .25725   .24963   .24233   .23535   .22867   .22227
57............................................................   .30333   .29411   .28529   .27686   .26879   .26106   .25365   .24656   .23976   .23324
58............................................................   .31551   .30621   .29731   .28878   .28061   .27278   .26528   .25807   .25116   .24453
59............................................................   .32790   .31854   .30956   .30095   .29269   .28477   .27716   .26986   .26284   .25610
60............................................................   .34050   .33107   .32202   .31334   .30500   .29699   .28929   .28190   .27478   .26794
61............................................................   .35331   .34384   .33473   .32598   .31757   .30948   .30170   .29422   .28701   .28007
62............................................................   .36639   .35688   .34772   .33892   .33044   .32229   .31443   .30687   .29958   .29255
63............................................................   .37974   .37020   .36101   .35216   .34363   .33542   .32750   .31986   .31250   .30539
64............................................................   .39334   .38378   .37456   .36568   .35711   .34884   .34087   .33317   .32574   .31857
65............................................................   .40718   .39761   .38838   .37947   .37087   .36257   .35455   .34681   .33932   .33208
66............................................................   .42128   .41172   .40249   .39357   .38496   .37663   .36858   .36079   .35326   .34597
67............................................................   .43569   .42616   .41694   .40803   .39941   .39107   .38299   .37518   .36761   .36028
68............................................................   .45038   .44089   .43170   .42281   .41419   .40585   .39777   .38994   .38235   .37499
69............................................................   .46531   .45587   .44672   .43786   .42927   .42094   .41286   .40503   .39743   .39006
70............................................................   .48040   .47103   .46194   .45312   .44456   .43626   .42820   .42038   .41278   .40540
71............................................................   .49558   .48629   .47727   .46851   .46000   .45174   .44371   .43591   .42832   .42095
72............................................................   .51082   .50162   .49268   .48399   .47554   .46733   .45934   .45157   .44401   .43666
73............................................................   .52607   .51697   .50813   .49952   .49114   .48299   .47506   .46733   .45981   .45249
74............................................................   .54139   .53241   .52367   .51515   .50686   .49879   .49092   .48325   .47578   .46849
75............................................................   .55683   .54798   .53936   .53095   .52276   .51477   .50698   .49938   .49197   .48474

[[Page 36914]]

 
76............................................................   .57243   .56373   .55524   .54696   .53888   .53100   .52330   .51579   .50846   .50130
77............................................................   .58819   .57965   .57132   .56318   .55523   .54747   .53988   .53247   .52523   .51815
78............................................................   .60408   .59572   .58755   .57957   .57177   .56414   .55668   .54939   .54225   .53527
79............................................................   .62001   .61184   .60385   .59604   .58840   .58092   .57360   .56644   .55943   .55256
80............................................................   .63582   .62786   .62007   .61244   .60497   .59765   .59048   .58347   .57659   .56985
81............................................................   .65142   .64367   .63608   .62864   .62135   .61421   .60721   .60034   .59361   .58701
82............................................................   .66673   .65920   .65182   .64458   .63748   .63052   .62368   .61698   .61041   .60395
83............................................................   .68175   .67444   .66728   .66024   .65334   .64656   .63991   .63338   .62696   .62066
84............................................................   .69657   .68950   .68256   .67574   .66904   .66246   .65599   .64964   .64340   .63727
85............................................................   .71128   .70446   .69775   .69116   .68467   .67830   .67204   .66587   .65982   .65386
86............................................................   .72576   .71919   .71272   .70636   .70010   .69394   .68789   .68193   .67606   .67029
87............................................................   .73981   .73349   .72726   .72114   .71511   .70917   .70333   .69757   .69190   .68632
88............................................................   .75342   .74735   .74137   .73548   .72968   .72396   .71833   .71279   .70732   .70194
89............................................................   .76658   .76076   .75503   .74938   .74381   .73832   .73290   .72757   .72231   .71712
90............................................................   .77928   .77371   .76823   .76281   .75748   .75221   .74702   .74190   .73684   .73186
91............................................................   .79131   .78600   .78075   .77557   .77046   .76542   .76044   .75553   .75068   .74589
92............................................................   .80246   .79737   .79235   .78740   .78250   .77767   .77290   .76818   .76353   .75893
93............................................................   .81274   .80788   .80307   .79832   .79363   .78899   .78441   .77989   .77542   .77100
94............................................................   .82232   .81766   .81306   .80850   .80401   .79956   .79517   .79082   .78653   .78228
95............................................................   .83141   .82695   .82254   .81818   .81387   .80961   .80539   .80122   .79710   .79302
96............................................................   .83996   .83569   .83147   .82729   .82316   .81907   .81503   .81103   .80707   .80315
97............................................................   .84787   .84378   .83973   .83573   .83176   .82784   .82396   .82012   .81632   .81255
98............................................................   .85530   .85138   .84750   .84366   .83985   .83609   .83236   .82867   .82502   .82140
99............................................................   .86255   .85880   .85508   .85140   .84776   .84415   .84057   .83703   .83353   .83005
100...........................................................   .86960   .86601   .86246   .85894   .85546   .85200   .84858   .84519   .84183   .83849
101...........................................................   .87655   .87313   .86974   .86638   .86305   .85975   .85648   .85324   .85003   .84684
102...........................................................   .88338   .88012   .87689   .87369   .87052   .86738   .86426   .86116   .85809   .85505
103...........................................................   .89015   .88706   .88399   .88095   .87793   .87494   .87197   .86903   .86611   .86321
104...........................................................   .89737   .89446   .89157   .88871   .88586   .88304   .88024   .87745   .87469   .87195
105...........................................................   .90443   .90170   .89898   .89628   .89360   .89094   .88830   .88568   .88307   .88049
106...........................................................   .91351   .91101   .90852   .90605   .90359   .90115   .89873   .89632   .89392   .89154
107...........................................................   .92452   .92230   .92010   .91791   .91573   .91356   .91141   .90927   .90714   .90502
108...........................................................   .94161   .93987   .93814   .93641   .93469   .93298   .93128   .92958   .92790   .92622
109...........................................................   .97081   .96992   .96904   .96816   .96729   .96642   .96555   .96468   .96382   .96296


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 8.2%     8.4%     8.6%     8.8%     9.0%     9.2%     9.4%     9.6%     9.8%    10.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01906   .01845   .01790   .01740   .01694   .01652   .01613   .01578   .01546   .01516
1.............................................................   .01098   .01034   .00977   .00924   .00876   .00833   .00793   .00756   .00722   .00691
2.............................................................   .01113   .01046   .00986   .00930   .00880   .00834   .00791   .00753   .00717   .00684
3.............................................................   .01155   .01084   .01020   .00962   .00909   .00860   .00816   .00775   .00737   .00702
4.............................................................   .01211   .01137   .01069   .01008   .00952   .00900   .00853   .00810   .00770   .00733
5.............................................................   .01279   .01201   .01130   .01065   .01006   .00952   .00902   .00856   .00814   .00775
6.............................................................   .01356   .01274   .01199   .01131   .01068   .01011   .00959   .00910   .00865   .00824
7.............................................................   .01442   .01356   .01277   .01205   .01140   .01079   .01023   .00972   .00925   .00881
8.............................................................   .01536   .01446   .01363   .01287   .01218   .01154   .01096   .01041   .00991   .00945
9.............................................................   .01641   .01546   .01460   .01380   .01307   .01240   .01178   .01120   .01068   .01019
10............................................................   .01758   .01659   .01567   .01484   .01407   .01336   .01270   .01210   .01154   .01103
11............................................................   .01886   .01781   .01686   .01598   .01517   .01442   .01373   .01310   .01251   .01196
12............................................................   .02024   .01915   .01814   .01721   .01636   .01558   .01485   .01419   .01357   .01299
13............................................................   .02168   .02054   .01948   .01851   .01762   .01679   .01603   .01533   .01467   .01407
14............................................................   .02313   .02193   .02083   .01981   .01887   .01801   .01721   .01646   .01578   .01514
15............................................................   .02456   .02330   .02214   .02107   .02009   .01918   .01834   .01756   .01684   .01617
16............................................................   .02593   .02462   .02340   .02229   .02126   .02030   .01942   .01860   .01785   .01714
17............................................................   .02728   .02590   .02463   .02346   .02238   .02138   .02046   .01960   .01880   .01806
18............................................................   .02861   .02717   .02584   .02462   .02348   .02243   .02146   .02056   .01972   .01894
19............................................................   .02998   .02847   .02708   .02580   .02461   .02351   .02249   .02154   .02066   .01984
20............................................................   .03142   .02984   .02839   .02704   .02580   .02465   .02357   .02258   .02165   .02079
21............................................................   .03295   .03130   .02978   .02837   .02706   .02585   .02473   .02368   .02271   .02180
22............................................................   .03455   .03283   .03124   .02976   .02839   .02712   .02594   .02484   .02382   .02286
23............................................................   .03626   .03446   .03279   .03124   .02981   .02847   .02723   .02608   .02500   .02400
24............................................................   .03809   .03620   .03446   .03283   .03133   .02993   .02863   .02741   .02628   .02522
25............................................................   .04005   .03808   .03625   .03456   .03298   .03151   .03014   .02887   .02768   .02656
26............................................................   .04216   .04010   .03819   .03641   .03476   .03322   .03178   .03044   .02919   .02802
27............................................................   .04444   .04229   .04029   .03843   .03670   .03508   .03357   .03217   .03085   .02962
28............................................................   .04687   .04463   .04254   .04059   .03877   .03708   .03550   .03402   .03263   .03133
29............................................................   .04946   .04712   .04493   .04289   .04099   .03922   .03756   .03600   .03455   .03318
30............................................................   .05221   .04976   .04748   .04534   .04335   .04149   .03975   .03812   .03659   .03515
31............................................................   .05511   .05255   .05017   .04794   .04585   .04390   .04208   .04037   .03876   .03725
32............................................................   .05818   .05551   .05302   .05069   .04851   .04647   .04455   .04276   .04107   .03948
33............................................................   .06144   .05866   .05606   .05363   .05135   .04921   .04720   .04532   .04355   .04188
34............................................................   .06489   .06200   .05928   .05674   .05436   .05212   .05002   .04805   .04619   .04444
35............................................................   .06857   .06555   .06273   .06007   .05758   .05524   .05304   .05097   .04902   .04718
36............................................................   .07246   .06932   .06638   .06361   .06101   .05856   .05626   .05409   .05205   .05012

[[Page 36915]]

 
37............................................................   .07659   .07332   .07025   .06737   .06466   .06210   .05969   .05742   .05528   .05325
38............................................................   .08098   .07758   .07439   .07138   .06855   .06588   .06336   .06099   .05874   .05662
39............................................................   .08563   .08210   .07878   .07565   .07270   .06992   .06729   .06480   .06245   .06023
40............................................................   .09059   .08692   .08347   .08021   .07714   .07423   .07149   .06889   .06643   .06411
41............................................................   .09586   .09206   .08848   .08509   .08189   .07886   .07600   .07329   .07072   .06828
42............................................................   .10147   .09753   .09381   .09029   .08696   .08381   .08083   .07800   .07531   .07277
43............................................................   .10742   .10334   .09948   .09583   .09237   .08909   .08598   .08304   .08024   .07758
44............................................................   .11373   .10950   .10551   .10172   .09813   .09472   .09148   .08841   .08549   .08272
45............................................................   .12035   .11599   .11185   .10792   .10420   .10066   .09730   .09410   .09106   .08817
46............................................................   .12732   .12281   .11853   .11447   .11061   .10694   .10345   .10013   .09696   .09395
47............................................................   .13460   .12995   .12553   .12133   .11733   .11353   .10991   .10646   .10317   .10004
48............................................................   .14223   .13743   .13287   .12853   .12439   .12046   .11671   .11313   .10972   .10646
49............................................................   .15020   .14526   .14056   .13608   .13181   .12774   .12385   .12015   .11661   .11322
50............................................................   .15855   .15347   .14862   .14401   .13960   .13540   .13138   .12754   .12388   .12037
51............................................................   .16727   .16205   .15707   .15232   .14777   .14344   .13929   .13532   .13153   .12789
52............................................................   .17634   .17098   .16587   .16097   .15630   .15183   .14755   .14345   .13953   .13577
53............................................................   .18576   .18027   .17501   .16999   .16518   .16057   .15616   .15194   .14789   .14400
54............................................................   .19552   .18990   .18451   .17935   .17441   .16968   .16514   .16078   .15661   .15260
55............................................................   .20564   .19989   .19437   .18908   .18402   .17915   .17449   .17001   .16571   .16157
56............................................................   .21613   .21025   .20461   .19919   .19400   .18901   .18422   .17962   .17519   .17093
57............................................................   .22698   .22098   .21522   .20968   .20436   .19925   .19434   .18961   .18507   .18069
58............................................................   .23816   .23204   .22616   .22051   .21507   .20984   .20481   .19996   .19530   .19080
59............................................................   .24962   .24339   .23740   .23163   .22608   .22073   .21558   .21062   .20584   .20123
60............................................................   .26136   .25502   .24892   .24304   .23738   .23192   .22666   .22158   .21669   .21196
61............................................................   .27339   .26695   .26075   .25477   .24900   .24343   .23806   .23288   .22787   .22304
62............................................................   .28578   .27925   .27295   .26687   .26100   .25533   .24985   .24456   .23945   .23451
63............................................................   .29854   .29192   .28553   .27935   .27339   .26762   .26205   .25666   .25145   .24641
64............................................................   .31164   .30494   .29846   .29221   .28615   .28030   .27463   .26915   .26384   .25870
65............................................................   .32508   .31831   .31177   .30543   .29930   .29336   .28761   .28203   .27663   .27140
66............................................................   .33891   .33208   .32547   .31906   .31285   .30684   .30101   .29536   .28987   .28456
67............................................................   .35318   .34630   .33963   .33316   .32689   .32081   .31491   .30918   .30363   .29823
68............................................................   .36785   .36093   .35422   .34770   .34138   .33524   .32928   .32349   .31787   .31240
69............................................................   .38290   .37595   .36920   .36265   .35628   .35009   .34408   .33824   .33256   .32703
70............................................................   .39823   .39127   .38450   .37791   .37151   .36529   .35924   .35335   .34762   .34204
71............................................................   .41378   .40681   .40003   .39343   .38701   .38076   .37467   .36875   .36298   .35736
72............................................................   .42950   .42253   .41575   .40914   .40271   .39644   .39034   .38438   .37858   .37293
73............................................................   .44535   .43840   .43162   .42502   .41858   .41231   .40619   .40022   .39440   .38872
74............................................................   .46139   .45446   .44771   .44112   .43469   .42842   .42230   .41632   .41049   .40479
75............................................................   .47769   .47080   .46408   .45752   .45111   .44485   .43874   .43277   .42693   .42123
76............................................................   .49430   .48747   .48079   .47427   .46790   .46167   .45558   .44963   .44380   .43811
77............................................................   .51123   .50447   .49786   .49139   .48506   .47888   .47282   .46690   .46111   .45543
78............................................................   .52845   .52177   .51523   .50884   .50257   .49645   .49044   .48457   .47881   .47317
79............................................................   .54584   .53926   .53282   .52650   .52032   .51426   .50833   .50251   .49681   .49122
80............................................................   .56325   .55678   .55044   .54423   .53813   .53216   .52630   .52056   .51492   .50939
81............................................................   .58054   .57419   .56797   .56186   .55587   .54999   .54422   .53856   .53300   .52754
82............................................................   .59762   .59140   .58530   .57931   .57343   .56766   .56198   .55641   .55094   .54557
83............................................................   .61448   .60840   .60243   .59657   .59081   .58515   .57958   .57411   .56874   .56346
84............................................................   .63124   .62531   .61949   .61376   .60813   .60259   .59715   .59179   .58652   .58134
85............................................................   .64800   .64224   .63657   .63099   .62550   .62010   .61478   .60955   .60441   .59934
86............................................................   .66461   .65902   .65351   .64810   .64276   .63751   .63233   .62724   .62222   .61728
87............................................................   .68083   .67541   .67008   .66483   .65965   .65455   .64953   .64458   .63970   .63489
88............................................................   .69663   .69140   .68624   .68116   .67615   .67121   .66634   .66154   .65680   .65213
89............................................................   .71201   .70696   .70199   .69708   .69224   .68747   .68276   .67811   .67353   .66900
90............................................................   .72694   .72209   .71730   .71257   .70791   .70330   .69876   .69427   .68984   .68547
91............................................................   .74117   .73650   .73190   .72735   .72286   .71842   .71404   .70972   .70545   .70123
92............................................................   .75439   .74991   .74548   .74110   .73678   .73251   .72829   .72412   .72000   .71593
93............................................................   .76664   .76233   .75806   .75385   .74969   .74557   .74150   .73748   .73350   .72957
94............................................................   .77809   .77394   .76983   .76578   .76177   .75780   .75388   .75000   .74616   .74237
95............................................................   .78899   .78500   .78106   .77715   .77329   .76947   .76569   .76195   .75826   .75460
96............................................................   .79928   .79544   .79165   .78790   .78418   .78050   .77686   .77326   .76970   .76617
97............................................................   .80883   .80514   .80149   .79787   .79430   .79075   .78725   .78377   .78033   .77693
98............................................................   .81781   .81427   .81075   .80727   .80382   .80041   .79703   .79368   .79036   .78708
99............................................................   .82661   .82320   .81982   .81648   .81316   .80988   .80662   .80340   .80020   .79704
100...........................................................   .83519   .83192   .82868   .82547   .82228   .81913   .81600   .81290   .80982   .80678
101...........................................................   .84368   .84055   .83744   .83437   .83131   .82829   .82529   .82231   .81936   .81643
102...........................................................   .85203   .84904   .84607   .84313   .84021   .83731   .83444   .83159   .82876   .82596
103...........................................................   .86034   .85748   .85465   .85184   .84906   .84629   .84355   .84082   .83812   .83544
104...........................................................   .86923   .86653   .86385   .86119   .85855   .85593   .85333   .85074   .84818   .84563
105...........................................................   .87792   .87537   .87283   .87032   .86782   .86534   .86287   .86042   .85799   .85557
106...........................................................   .88918   .88683   .88450   .88218   .87987   .87758   .87530   .87304   .87079   .86855
107...........................................................   .90291   .90082   .89873   .89666   .89460   .89255   .89051   .88849   .88647   .88447
108...........................................................   .92455   .92288   .92123   .91958   .91794   .91630   .91468   .91306   .91145   .90984
109...........................................................   .96211   .96125   .96041   .95956   .95872   .95788   .95704   .95620   .95537   .95455


[[Page 36916]]


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                10.2%    10.4%    10.6%    10.8%    11.0%    11.2%    11.4%    11.6%    11.8%    12.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01488   .01463   .01439   .01417   .01396   .01377   .01359   .01343   .01327   .01312
1.............................................................   .00662   .00636   .00612   .00589   .00568   .00548   .00530   .00513   .00497   .00482
2.............................................................   .00654   .00626   .00600   .00576   .00554   .00533   .00514   .00496   .00479   .00463
3.............................................................   .00670   .00641   .00613   .00588   .00564   .00542   .00522   .00502   .00484   .00468
4.............................................................   .00699   .00668   .00639   .00612   .00587   .00563   .00542   .00521   .00502   .00484
5.............................................................   .00739   .00706   .00675   .00646   .00620   .00595   .00571   .00550   .00529   .00510
6.............................................................   .00786   .00751   .00718   .00687   .00659   .00633   .00608   .00585   .00563   .00543
7.............................................................   .00841   .00803   .00769   .00736   .00706   .00678   .00652   .00627   .00604   .00582
8.............................................................   .00902   .00863   .00826   .00791   .00759   .00730   .00702   .00675   .00651   .00628
9.............................................................   .00973   .00931   .00892   .00856   .00822   .00790   .00760   .00733   .00706   .00682
10............................................................   .01055   .01010   .00969   .00930   .00894   .00861   .00829   .00799   .00772   .00746
11............................................................   .01146   .01099   .01055   .01014   .00976   .00940   .00907   .00875   .00846   .00818
12............................................................   .01246   .01196   .01150   .01106   .01066   .01028   .00993   .00960   .00928   .00899
13............................................................   .01351   .01298   .01249   .01204   .01161   .01121   .01084   .01049   .01016   .00985
14............................................................   .01455   .01400   .01348   .01300   .01255   .01213   .01173   .01136   .01102   .01069
15............................................................   .01555   .01497   .01443   .01392   .01345   .01300   .01259   .01220   .01183   .01148
16............................................................   .01648   .01587   .01530   .01477   .01427   .01380   .01336   .01295   .01257   .01220
17............................................................   .01737   .01673   .01612   .01556   .01504   .01455   .01408   .01365   .01324   .01286
18............................................................   .01822   .01754   .01691   .01632   .01576   .01525   .01476   .01430   .01387   .01347
19............................................................   .01908   .01837   .01770   .01708   .01650   .01595   .01544   .01495   .01450   .01407
20............................................................   .01999   .01924   .01854   .01788   .01726   .01669   .01615   .01564   .01516   .01471
21............................................................   .02096   .02017   .01943   .01874   .01809   .01748   .01691   .01637   .01586   .01539
22............................................................   .02197   .02114   .02036   .01963   .01895   .01830   .01770   .01713   .01660   .01610
23............................................................   .02306   .02218   .02136   .02059   .01987   .01919   .01855   .01795   .01739   .01686
24............................................................   .02424   .02331   .02245   .02163   .02087   .02016   .01948   .01885   .01825   .01769
25............................................................   .02552   .02455   .02364   .02278   .02197   .02122   .02051   .01984   .01920   .01861
26............................................................   .02692   .02589   .02493   .02403   .02318   .02238   .02162   .02091   .02025   .01961
27............................................................   .02846   .02738   .02636   .02541   .02451   .02367   .02287   .02212   .02141   .02074
28............................................................   .03012   .02898   .02791   .02690   .02595   .02506   .02422   .02342   .02267   .02196
29............................................................   .03190   .03070   .02957   .02851   .02751   .02656   .02567   .02483   .02404   .02329
30............................................................   .03381   .03254   .03135   .03023   .02917   .02817   .02723   .02634   .02551   .02471
31............................................................   .03583   .03450   .03324   .03206   .03094   .02989   .02890   .02796   .02707   .02623
32............................................................   .03799   .03659   .03527   .03402   .03284   .03173   .03068   .02968   .02874   .02785
33............................................................   .04031   .03883   .03744   .03612   .03488   .03371   .03260   .03155   .03055   .02961
34............................................................   .04279   .04123   .03976   .03838   .03707   .03583   .03465   .03354   .03249   .03149
35............................................................   .04545   .04382   .04227   .04081   .03943   .03812   .03688   .03571   .03459   .03354
36............................................................   .04830   .04658   .04495   .04341   .04196   .04058   .03927   .03803   .03685   .03573
37............................................................   .05134   .04953   .04782   .04620   .04467   .04321   .04183   .04052   .03928   .03809
38............................................................   .05462   .05272   .05092   .04921   .04760   .04606   .04461   .04322   .04191   .04066
39............................................................   .05812   .05613   .05424   .05245   .05075   .04913   .04760   .04614   .04475   .04343
40............................................................   .06190   .05981   .05782   .05594   .05415   .05245   .05083   .04929   .04783   .04643
41............................................................   .06597   .06378   .06170   .05972   .05784   .05605   .05435   .05272   .05118   .04970
42............................................................   .07035   .06806   .06587   .06380   .06182   .05994   .05815   .05644   .05481   .05326
43............................................................   .07505   .07265   .07036   .06818   .06611   .06414   .06225   .06045   .05874   .05710
44............................................................   .08008   .07757   .07518   .07290   .07072   .06865   .06667   .06478   .06298   .06125
45............................................................   .08542   .08279   .08029   .07791   .07563   .07346   .07138   .06940   .06750   .06569
46............................................................   .09108   .08834   .08573   .08324   .08085   .07858   .07640   .07432   .07233   .07043
47............................................................   .09705   .09419   .09147   .08886   .08637   .08399   .08172   .07954   .07745   .07545
48............................................................   .10335   .10038   .09754   .09482   .09222   .08973   .08735   .08507   .08288   .08078
49............................................................   .10999   .10690   .10394   .10111   .09840   .09581   .09332   .09093   .08864   .08644
50............................................................   .11701   .11380   .11073   .10778   .10496   .10225   .09965   .09716   .09477   .09247
51............................................................   .12441   .12108   .11789   .11482   .11189   .10907   .10636   .10376   .10126   .09886
52............................................................   .13217   .12871   .12540   .12222   .11916   .11623   .11341   .11071   .10810   .10560
53............................................................   .14028   .13670   .13327   .12997   .12680   .12375   .12082   .11801   .11529   .11268
54............................................................   .14875   .14505   .14150   .13808   .13480   .13163   .12859   .12566   .12284   .12012
55............................................................   .15760   .15378   .15011   .14657   .14317   .13989   .13674   .13370   .13077   .12794
56............................................................   .16684   .16290   .15911   .15546   .15194   .14855   .14528   .14213   .13909   .13615
57............................................................   .17648   .17242   .16851   .16474   .16111   .15760   .15422   .15096   .14781   .14477
58............................................................   .18647   .18229   .17827   .17438   .17064   .16702   .16353   .16015   .15689   .15374
59............................................................   .19678   .19249   .18835   .18435   .18049   .17676   .17316   .16968   .16631   .16305
60............................................................   .20740   .20300   .19875   .19464   .19066   .18682   .18311   .17952   .17604   .17268
61............................................................   .21837   .21385   .20949   .20527   .20119   .19724   .19341   .18971   .18613   .18266
62............................................................   .22973   .22511   .22064   .21631   .21212   .20807   .20414   .20033   .19664   .19306
63............................................................   .24152   .23680   .23222   .22779   .22350   .21934   .21530   .21139   .20760   .20392
64............................................................   .25372   .24890   .24422   .23969   .23529   .23103   .22690   .22289   .21899   .21521
65............................................................   .26633   .26141   .25664   .25201   .24752   .24316   .23893   .23482   .23083   .22695
66............................................................   .27940   .27439   .26953   .26481   .26023   .25577   .25145   .24724   .24316   .23918
67............................................................   .29299   .28790   .28296   .27815   .27348   .26894   .26453   .26024   .25606   .25200
68............................................................   .30709   .30193   .29691   .29202   .28728   .28265   .27816   .27378   .26952   .26537
69............................................................   .32166   .31643   .31134   .30639   .30157   .29687   .29230   .28785   .28351   .27928
70............................................................   .33661   .33133   .32618   .32116   .31628   .31152   .30688   .30235   .29794   .29364
71............................................................   .35188   .34654   .34134   .33627   .33133   .32651   .32181   .31722   .31275   .30838
72............................................................   .36742   .36204   .35679   .35168   .34668   .34181   .33706   .33241   .32788   .32345
73............................................................   .38317   .37776   .37248   .36733   .36229   .35738   .35257   .34788   .34330   .33882

[[Page 36917]]

 
74............................................................   .39923   .39380   .38849   .38330   .37823   .37328   .36844   .36370   .35908   .35455
75............................................................   .41566   .41021   .40489   .39968   .39459   .38961   .38474   .37997   .37531   .37074
76............................................................   .43254   .42709   .42176   .41655   .41144   .40645   .40156   .39677   .39208   .38749
77............................................................   .44988   .44444   .43912   .43391   .42880   .42380   .41891   .41411   .40940   .40479
78............................................................   .46765   .46224   .45694   .45174   .44665   .44166   .43677   .43197   .42726   .42265
79............................................................   .48574   .48037   .47510   .46993   .46487   .45990   .45502   .45024   .44554   .44094
80............................................................   .50397   .49865   .49343   .48830   .48327   .47834   .47349   .46873   .46406   .45947
81............................................................   .52219   .51693   .51176   .50669   .50171   .49682   .49201   .48729   .48265   .47809
82............................................................   .54029   .53510   .53000   .52499   .52007   .51523   .51047   .50580   .50120   .49667
83............................................................   .55826   .55315   .54813   .54319   .53834   .53356   .52886   .52424   .51969   .51522
84............................................................   .57624   .57123   .56629   .56144   .55666   .55195   .54732   .54277   .53828   .53386
85............................................................   .59435   .58944   .58460   .57984   .57516   .57054   .56599   .56151   .55710   .55275
86............................................................   .61241   .60762   .60289   .59824   .59365   .58913   .58468   .58029   .57596   .57170
87............................................................   .63015   .62548   .62087   .61633   .61185   .60744   .60309   .59880   .59456   .59039
88............................................................   .64753   .64299   .63851   .63409   .62973   .62543   .62118   .61700   .61287   .60879
89............................................................   .66454   .66013   .65579   .65150   .64726   .64308   .63895   .63488   .63086   .62689
90............................................................   .68115   .67689   .67268   .66853   .66442   .66037   .65637   .65241   .64851   .64465
91............................................................   .69706   .69294   .68887   .68486   .68089   .67696   .67309   .66925   .66547   .66173
92............................................................   .71190   .70792   .70399   .70011   .69627   .69247   .68872   .68501   .68134   .67771
93............................................................   .72569   .72184   .71804   .71429   .71057   .70689   .70326   .69967   .69611   .69259
94............................................................   .73861   .73490   .73123   .72759   .72400   .72044   .71692   .71344   .71000   .70659
95............................................................   .75097   .74739   .74384   .74033   .73686   .73342   .73002   .72665   .72331   .72001
96............................................................   .76267   .75922   .75579   .75240   .74905   .74572   .74243   .73917   .73595   .73275
97............................................................   .77356   .77022   .76691   .76363   .76039   .75718   .75399   .75084   .74772   .74463
98............................................................   .78382   .78059   .77740   .77423   .77110   .76799   .76491   .76186   .75884   .75584
99............................................................   .79390   .79079   .78771   .78465   .78162   .77862   .77565   .77270   .76978   .76688
100...........................................................   .80376   .80076   .79779   .79485   .79193   .78904   .78617   .78333   .78051   .77771
101...........................................................   .81353   .81066   .80780   .80497   .80217   .79938   .79662   .79388   .79117   .78847
102...........................................................   .82318   .82042   .81768   .81496   .81227   .80960   .80694   .80431   .80170   .79911
103...........................................................   .83278   .83014   .82752   .82491   .82233   .81977   .81723   .81470   .81220   .80971
104...........................................................   .84310   .84059   .83810   .83563   .83317   .83073   .82831   .82591   .82352   .82115
105...........................................................   .85318   .85079   .84843   .84607   .84374   .84142   .83911   .83682   .83455   .83229
106...........................................................   .86633   .86413   .86193   .85975   .85758   .85543   .85329   .85116   .84904   .84694
107...........................................................   .88247   .88049   .87852   .87656   .87460   .87266   .87073   .86881   .86690   .86500
108...........................................................   .90825   .90666   .90507   .90350   .90193   .90037   .89881   .89727   .89572   .89419
109...........................................................   .95372   .95290   .95208   .95126   .95045   .94964   .94883   .94803   .94723   .94643


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                12.2%    12.4%    12.6%    12.8%    13.0%    13.2%    13.4%    13.6%    13.8%    14.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01298   .01285   .01273   .01261   .01250   .01240   .01230   .01221   .01212   .01203
1.............................................................   .00468   .00455   .00443   .00431   .00420   .00410   .00400   .00391   .00382   .00374
2.............................................................   .00448   .00435   .00421   .00409   .00398   .00387   .00376   .00366   .00357   .00348
3.............................................................   .00452   .00437   .00423   .00410   .00398   .00386   .00375   .00365   .00355   .00345
4.............................................................   .00468   .00452   .00437   .00423   .00410   .00397   .00386   .00375   .00364   .00354
5.............................................................   .00493   .00476   .00460   .00445   .00431   .00418   .00405   .00393   .00382   .00371
6.............................................................   .00524   .00506   .00489   .00473   .00458   .00444   .00430   .00418   .00406   .00394
7.............................................................   .00562   .00543   .00525   .00508   .00492   .00477   .00462   .00449   .00436   .00423
8.............................................................   .00606   .00586   .00566   .00548   .00531   .00515   .00499   .00485   .00471   .00458
9.............................................................   .00659   .00637   .00616   .00597   .00579   .00561   .00545   .00529   .00514   .00500
10............................................................   .00721   .00698   .00676   .00655   .00636   .00617   .00600   .00583   .00567   .00552
11............................................................   .00792   .00767   .00744   .00722   .00701   .00682   .00663   .00645   .00628   .00612
12............................................................   .00871   .00845   .00821   .00797   .00775   .00754   .00735   .00716   .00698   .00681
13............................................................   .00955   .00928   .00902   .00877   .00854   .00831   .00810   .00790   .00771   .00753
14............................................................   .01038   .01009   .00981   .00955   .00930   .00907   .00885   .00864   .00843   .00824
15............................................................   .01116   .01085   .01056   .01028   .01002   .00977   .00954   .00932   .00910   .00890
16............................................................   .01186   .01153   .01123   .01094   .01066   .01040   .01015   .00992   .00969   .00948
17............................................................   .01250   .01215   .01183   .01152   .01124   .01096   .01070   .01045   .01022   .00999
18............................................................   .01308   .01272   .01238   .01206   .01175   .01147   .01119   .01093   .01068   .01044
19............................................................   .01367   .01329   .01293   .01259   .01227   .01196   .01167   .01140   .01113   .01088
20............................................................   .01428   .01388   .01350   .01314   .01280   .01248   .01217   .01188   .01161   .01134
21............................................................   .01494   .01451   .01411   .01373   .01337   .01303   .01271   .01240   .01211   .01183
22............................................................   .01562   .01517   .01475   .01435   .01397   .01361   .01326   .01294   .01263   .01233
23............................................................   .01635   .01588   .01543   .01501   .01460   .01422   .01386   .01351   .01319   .01287
24............................................................   .01716   .01665   .01618   .01573   .01530   .01489   .01451   .01415   .01380   .01347
25............................................................   .01804   .01751   .01701   .01653   .01608   .01565   .01524   .01485   .01448   .01413
26............................................................   .01902   .01845   .01792   .01741   .01693   .01648   .01604   .01563   .01524   .01487
27............................................................   .02011   .01951   .01895   .01841   .01790   .01742   .01696   .01652   .01610   .01571
28............................................................   .02129   .02066   .02006   .01949   .01895   .01844   .01795   .01748   .01704   .01662
29............................................................   .02258   .02191   .02127   .02067   .02009   .01955   .01903   .01853   .01806   .01762
30............................................................   .02396   .02325   .02257   .02193   .02132   .02074   .02019   .01966   .01916   .01869
31............................................................   .02543   .02467   .02396   .02328   .02263   .02201   .02143   .02087   .02034   .01983
32............................................................   .02701   .02621   .02545   .02472   .02404   .02338   .02276   .02217   .02160   .02106
33............................................................   .02871   .02786   .02706   .02629   .02556   .02487   .02420   .02357   .02297   .02240
34............................................................   .03054   .02964   .02879   .02797   .02720   .02646   .02576   .02509   .02445   .02383

[[Page 36918]]

 
35............................................................   .03253   .03158   .03067   .02981   .02898   .02820   .02745   .02674   .02606   .02541
36............................................................   .03467   .03366   .03269   .03178   .03090   .03007   .02928   .02852   .02779   .02710
37............................................................   .03697   .03590   .03488   .03391   .03298   .03209   .03125   .03044   .02967   .02893
38............................................................   .03947   .03833   .03725   .03622   .03524   .03430   .03340   .03254   .03172   .03094
39............................................................   .04217   .04096   .03982   .03873   .03768   .03669   .03573   .03482   .03395   .03312
40............................................................   .04510   .04383   .04262   .04146   .04035   .03930   .03828   .03732   .03639   .03550
41............................................................   .04830   .04695   .04567   .04445   .04327   .04215   .04108   .04005   .03907   .03812
42............................................................   .05177   .05035   .04900   .04770   .04646   .04527   .04413   .04304   .04200   .04100
43............................................................   .05553   .05404   .05261   .05123   .04992   .04866   .04746   .04630   .04520   .04413
44............................................................   .05960   .05802   .05651   .05506   .05368   .05235   .05107   .04985   .04867   .04754
45............................................................   .06395   .06229   .06069   .05917   .05770   .05630   .05495   .05365   .05241   .05121
46............................................................   .06860   .06685   .06517   .06356   .06202   .06053   .05911   .05774   .05643   .05516
47............................................................   .07353   .07169   .06992   .06823   .06660   .06504   .06353   .06209   .06070   .05936
48............................................................   .07877   .07684   .07498   .07320   .07149   .06984   .06826   .06673   .06527   .06385
49............................................................   .08433   .08231   .08036   .07849   .07669   .07495   .07329   .07168   .07013   .06864
50............................................................   .09026   .08814   .08609   .08413   .08224   .08042   .07867   .07698   .07535   .07378
51............................................................   .09655   .09433   .09219   .09013   .08815   .08624   .08440   .08262   .08091   .07926
52............................................................   .10318   .10086   .09863   .09647   .09439   .09239   .09046   .08860   .08680   .08506
53............................................................   .11017   .10774   .10541   .10315   .10098   .09888   .09686   .09491   .09302   .09120
54............................................................   .11750   .11498   .11254   .11019   .10792   .10572   .10361   .10156   .09958   .09767
55............................................................   .12522   .12258   .12005   .11759   .11522   .11294   .11072   .10859   .10652   .10451
56............................................................   .13332   .13059   .12794   .12539   .12292   .12054   .11823   .11599   .11383   .11174
57............................................................   .14183   .13899   .13624   .13359   .13102   .12853   .12613   .12380   .12154   .11936
58............................................................   .15070   .14775   .14490   .14215   .13948   .13689   .13439   .13197   .12962   .12734
59............................................................   .15990   .15685   .15389   .15103   .14826   .14558   .14298   .14046   .13801   .13564
60............................................................   .16942   .16626   .16321   .16024   .15737   .15459   .15189   .14927   .14673   .14426
61............................................................   .17929   .17603   .17287   .16981   .16684   .16395   .16115   .15844   .15580   .15324
62............................................................   .18960   .18623   .18297   .17980   .17673   .17375   .17085   .16803   .16530   .16264
63............................................................   .20035   .19688   .19352   .19025   .18708   .18400   .18100   .17809   .17525   .17250
64............................................................   .21154   .20797   .20451   .20114   .19787   .19469   .19159   .18859   .18566   .18281
65............................................................   .22318   .21951   .21595   .21249   .20912   .20584   .20265   .19955   .19652   .19358
66............................................................   .23532   .23156   .22790   .22434   .22088   .21751   .21422   .21102   .20791   .20487
67............................................................   .24804   .24419   .24044   .23679   .23324   .22977   .22640   .22311   .21990   .21678
68............................................................   .26133   .25740   .25356   .24983   .24618   .24263   .23917   .23579   .23250   .22929
69............................................................   .27516   .27114   .26723   .26341   .25969   .25605   .25251   .24905   .24567   .24237
70............................................................   .28945   .28536   .28137   .27747   .27367   .26996   .26633   .26279   .25934   .25596
71............................................................   .30412   .29996   .29590   .29193   .28806   .28427   .28057   .27696   .27343   .26998
72............................................................   .31913   .31491   .31078   .30675   .30281   .29895   .29519   .29150   .28790   .28438
73............................................................   .33444   .33016   .32597   .32188   .31788   .31396   .31013   .30638   .30271   .29913
74............................................................   .35012   .34579   .34155   .33741   .33335   .32938   .32549   .32168   .31795   .31430
75............................................................   .36628   .36190   .35762   .35343   .34932   .34530   .34136   .33750   .33372   .33001
76............................................................   .38299   .37858   .37427   .37004   .36589   .36183   .35784   .35394   .35011   .34636
77............................................................   .40028   .39585   .39151   .38725   .38307   .37898   .37496   .37103   .36716   .36337
78............................................................   .41812   .41368   .40933   .40506   .40086   .39675   .39271   .38874   .38485   .38103
79............................................................   .43641   .43198   .42762   .42334   .41914   .41502   .41096   .40698   .40308   .39924
80............................................................   .45496   .45054   .44619   .44192   .43772   .43360   .42954   .42556   .42164   .41779
81............................................................   .47360   .46920   .46487   .46061   .45643   .45231   .44827   .44429   .44038   .43653
82............................................................   .49223   .48785   .48355   .47932   .47516   .47106   .46703   .46307   .45916   .45532
83............................................................   .51081   .50648   .50221   .49802   .49388   .48982   .48581   .48187   .47799   .47416
84............................................................   .52951   .52523   .52101   .51686   .51277   .50874   .50477   .50086   .49701   .49321
85............................................................   .54847   .54425   .54009   .53600   .53196   .52798   .52406   .52019   .51638   .51262
86............................................................   .56749   .56335   .55926   .55523   .55126   .54734   .54348   .53966   .53591   .53220
87............................................................   .58627   .58221   .57820   .57425   .57035   .56650   .56270   .55895   .55526   .55161
88............................................................   .60477   .60079   .59688   .59301   .58919   .58542   .58170   .57802   .57439   .57081
89............................................................   .62297   .61909   .61527   .61149   .60776   .60408   .60044   .59685   .59330   .58979
90............................................................   .64084   .63707   .63335   .62968   .62604   .62246   .61891   .61540   .61194   .60851
91............................................................   .65803   .65437   .65076   .64719   .64366   .64017   .63672   .63330   .62993   .62659
92............................................................   .67412   .67058   .66707   .66360   .66017   .65678   .65342   .65010   .64682   .64357
93............................................................   .68911   .68567   .68227   .67890   .67557   .67227   .66901   .66578   .66258   .65942
94............................................................   .70321   .69988   .69657   .69330   .69006   .68686   .68369   .68055   .67744   .67437
95............................................................   .71674   .71351   .71031   .70713   .70399   .70088   .69781   .69476   .69174   .68875
96............................................................   .72959   .72646   .72335   .72028   .71724   .71422   .71123   .70828   .70534   .70244
97............................................................   .74156   .73853   .73552   .73254   .72959   .72666   .72376   .72089   .71804   .71522
98............................................................   .75287   .74993   .74702   .74413   .74126   .73842   .73561   .73282   .73006   .72732
99............................................................   .76401   .76117   .75834   .75555   .75277   .75002   .74730   .74459   .74191   .73926
100...........................................................   .77494   .77219   .76946   .76676   .76408   .76142   .75878   .75616   .75357   .75099
101...........................................................   .78580   .78315   .78052   .77791   .77532   .77275   .77021   .76768   .76517   .76268
102...........................................................   .79654   .79399   .79146   .78894   .78645   .78397   .78152   .77908   .77666   .77426
103...........................................................   .80724   .80479   .80236   .79994   .79755   .79517   .79280   .79046   .78813   .78582
104...........................................................   .81879   .81646   .81413   .81183   .80954   .80726   .80501   .80276   .80054   .79832
105...........................................................   .83005   .82782   .82560   .82340   .82121   .81904   .81688   .81474   .81260   .81049
106...........................................................   .84485   .84277   .84071   .83866   .83662   .83459   .83257   .83057   .82857   .82659
107...........................................................   .86311   .86124   .85937   .85751   .85566   .85382   .85199   .85017   .84835   .84655
108...........................................................   .89266   .89114   .88963   .88812   .88662   .88513   .88364   .88216   .88068   .87922

[[Page 36919]]

 
109...........................................................   .94563   .94484   .94405   .94326   .94248   .94170   .94092   .94014   .93937   .93860
--------------------------------------------------------------------------------------------------------------------------------------------------------

    (f) Effective dates. This section applies after April 30, 1999.


Sec. 1.642(c)-6T  [Removed]

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

    Par. 7. Section 1.664-4 is amended by:
    1. Revising paragraph (a)(1).
    2. Removing existing paragraphs (d) through (e)(5).
    3. Adding paragraphs (d), (e) heading and (e)(1) through (e)(5).
    4. Adding paragraph (e)(7).
    5. Revising paragraph (f).
    The revisions and additions read as follows:


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

    (a) * * *
    (1) Life contingencies determined as to each life involved, from 
the values of lx set forth in Table 90CM contained in Sec. 20.2031-
7(d)(7) of this chapter in the case of transfers for which the 
valuation date is after April 30, 1999; or from Table 80CNSMT contained 
Sec. 20.2031-7A(e)(4) of this chapter in the case of transfer for which 
the valuation date is after April 30, 1989, and before May 1, 1999. See 
Sec. 20.2031-7A(a) through (d) of this chapter, whichever is 
applicable, for transfers for which the valuation date is before May 1, 
1989;
* * * * *
    (d) Valuation. The fair market value of a remainder interest in a 
charitable remainder unitrust (as described in Sec. 1.664-3) for 
transfers for which the valuation date is after April 30, 1999, is its 
present value determined under paragraph (e) of this section. The fair 
market value of a remainder interest in a charitable remainder unitrust 
(as described in Sec. 1.664-3) for transfers for which the valuation 
date is before May 1, 1999, is its present value determined under the 
following sections:

------------------------------------------------------------------------
                Valuation dates
------------------------------------------------ Applicable  Regulations
               After                   Before
------------------------------------------------------------------------
                                       01-01-52  1.664-4A(a)
12-31-51...........................    01-01-71  1.664-4A(b)
12-31-70...........................    12-01-83  1.664-4A(c)
11-30-83...........................    05-01-89  1.664-4A(d)
04-30-89...........................    05-01-99  1.664-4A(e)
------------------------------------------------------------------------

    (e) Valuation of charitable remainder unitrusts having certain 
payout sequences for transfers for which the valuation date is after 
April 30, 1999--(1) In general. Except as otherwise provided in 
paragraph (e)(2) of this section, in the case of transfers for which 
the valuation date is after April 30, 1999, the present value of a 
remainder interest is determined under paragraphs (e)(3) through (e)(7) 
of this section, provided that the amount of the payout as of any 
payout date during any taxable year of the trust is not larger than the 
amount that the trust could distribute on such date under Sec. 1.664-
3(a)(1)(v) if the taxable year of the trust were to end on such date. 
See, however, Sec. 1.7520-3(b) (relating to exceptions to the use of 
the prescribed tables under certain circumstances).
    (2) Transitional rules for valuation of charitable remainder 
unitrusts. (i) For purposes of sections 2055, 2106, or 2624, if on May 
1, 1999, the decedent was mentally incompetent so that the disposition 
of the property could not be changed, and the decedent died after April 
30, 1999, without having regained competency to dispose of the 
decedent's property, or the decedent died within 90 days of the date 
that the decedent first regained competency after April 30, 1999, the 
present value of a remainder interest under this section is determined 
as if the valuation date with respect to the decedent's gross estate is 
either before May 1, 1999, or after April 30, 1999, at the option of 
the decedent's executor.
    (ii) For purposes of sections 170, 2055, 2106, 2522, or 2624, in 
the case of transfers to a charitable remainder unitrust for which the 
valuation date is after April 30, 1999, and before July 1, 1999, the 
present value of a remainder interest based on one or more measuring 
lives is determined under this section by use of the section 7520 
interest rate for the month in which the valuation date occurs (see 
Secs. 1.7520-1(b) and 1.7520-2(a)(2)) and the appropriate actuarial 
tables under either paragraph (e)(7) of this section or Sec. 1.664-
4A(e)(6), at the option of the donor or the decedent's executor, as the 
case may be.
    (iii) For purposes of paragraphs (e)(2)(i) and (ii) of this 
section, where the donor or decedent's executor is given the option to 
use the appropriate actuarial tables under either paragraph (e)(7) of 
this section or Sec. 1.664-4A(e)(6), the donor or decedent's executor 
must use the same actuarial table with respect to each individual 
transaction and with respect to all transfers occurring on the 
valuation date (for example, gift and income tax charitable deductions 
with respect to the same transfer must be determined based on the same 
tables, and all assets includible in the gross estate and/or estate tax 
deductions claimed must be valued based on the same tables).
    (3) Adjusted payout rate. For transfers for which the valuation 
date is after April 30, 1989, the adjusted payout rate is determined by 
using the appropriate Table F in paragraph (e)(6) of this section, for 
the section 7520 interest rate applicable to the transfer. If the 
interest rate is between 4.2 and 14 percent, see paragraph (e)(6) of 
this section. If the interest rate is below 4.2 percent or greater than 
14 percent, see paragraph (b) of this section. The adjusted payout rate 
is determined by multiplying the fixed percentage described in 
Sec. 1.664-3(a)(1)(i)(a) by the factor describing the payout sequence 
of the trust and the number of months by which the valuation date for 
the first full taxable year of the trust precedes the first payout date 
for such taxable year. If the governing instrument does not prescribe 
when the distribution or distributions shall be made during the taxable 
year of the trust, see paragraph (a) of this section. In the case of a 
trust having a payout sequence for which no figures have been provided 
by the appropriate table, and in the case of a trust that determines 
the fair market value of the trust assets by taking the average of 
valuations on more than one date during the taxable year, see paragraph 
(b) of this section.
    (4) Period is a term of years. If the period described in 
Sec. 1.664-3(a)(5) is a term of years, the factor that is used in 
determining the present value of the remainder interest for transfers 
for which the valuation date is after November 30, 1983, is the factor 
under the appropriate adjusted payout rate in Table D of paragraph 
(e)(6) of this section corresponding to the number of years in the 
term. If the adjusted payout rate is an amount that is between adjusted 
payout rates for which factors are provided in Table D, a linear 
interpolation must be made. The present value of the remainder interest 
is determined by multiplying the net fair market value (as of the 
appropriate valuation date) of the property placed in trust by the 
factor determined under this paragraph. For purposes of this section, 
the valuation date is, in the case of an inter vivos transfer, the date 
on which

[[Page 36920]]

the property is transferred to the trust by the donor. However, if an 
election is made under section 7520 and Sec. 1.7520-2(b) to compute the 
present value of the charitable interest by use of the interest rate 
component for either of the 2 months preceding the month in which the 
date of transfer falls, the month so elected is the valuation date for 
purposes of determining the interest rate and mortality tables. In the 
case of a testamentary transfer under section 2055, 2106, or 2624, the 
valuation date is the date of death, unless the alternate valuation 
date is elected under section 2032, in which event, and within the 
limitations set forth in section 2032 and the regulations thereunder, 
the valuation date is the alternate valuation date. If the decedent's 
estate elects the alternate valuation date under section 2032 and also 
elects, under section 7520 and Sec. 1.7520-2(b), to use the interest 
rate component for one of the 2 months preceding the alternate 
valuation date, the month so elected is the valuation date for purposes 
of determining the interest rate and mortality tables. The application 
of this paragraph (e)(4) may be illustrated by the following example:

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

Factor at 7.4 percent for 12 years...........................    .397495
Factor at 7.6 percent for 12 years...........................    .387314
                                                              ----------
  Difference.................................................    .010181
 


    Interpolation adjustment:
    [GRAPHIC] [TIFF OMITTED] TR12JN00.002
    

Factor at 7.4 percent for 12 years...........................    .397495
Less: Interpolation adjustment...............................    .007992
                                                              ----------
  Interpolated factor........................................    .389503
 


    Present value of remainder interest:

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

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

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


Factor at 8.4 percent at age 45..............................     .10117
Factor at 8.6 percent at age 45..............................     .09715
                                                              ----------
  Difference.................................................     .00402
 


    Interpolation adjustment:
    [GRAPHIC] [TIFF OMITTED] TR12JN00.003
    

Factor at 8.4 percent at age 45..............................     .10117
Less: Interpolation adjustment...............................     .00008
                                                              ----------
Interpolated Factor..........................................     .10109
 


    Present value of remainder interest:

($100,000 x  .10109)..........$10,109.00
* * * * *
    (7) Actuarial Table U(1) for transfers for which the valuation date 
is after April 30, 1999. For transfers for which the valuation date is 
after April 30, 1999, the present value of a charitable remainder 
unitrust interest that is dependent on the termination of a life 
interest is determined by using the section 7520 rate, Table U(1) in 
this paragraph (e)(7), and Table F(4.2) through (14.0) in paragraph 
(e)(6) of this section. See, however, Sec. 1.7520-3(b) (relating to 
exceptions to the use of prescribed tables under certain 
circumstances). Many actuarial factors not contained in the following 
tables are contained in Internal Revenue Service Publication 1458, 
``Actuarial Values, Book Beth,'' (7-1999). A copy of this publication 
is available for purchase from the Superintendent of Documents, United 
States Government Printing Office, Washington, DC 20402.

  Table U(1).--Based on Life Table 90CM Unitrust Single Life Remainder
          Factors Applicable For Transfers After April 30, 1999
                         [Adjusted payout rate]
 
 


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 4.2%     4.4%     4.6%     4.8%     5.0%     5.2%     5.4%     5.6%     .8%      6.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .06177   .05580   .05061   .04609   .04215   .03871   .03570   .03307   .03075   .02872
1.............................................................   .05543   .04925   .04388   .03919   .03509   .03151   .02838   .02563   .02321   .02109
2.............................................................   .05716   .05081   .04528   .04045   .03622   .03252   .02927   .02642   .02391   .02170
3.............................................................   .05920   .05268   .04699   .04201   .03765   .03382   .03046   .02750   .02490   .02260
4.............................................................   .06143   .05475   .04889   .04376   .03926   .03530   .03182   .02876   .02605   .02366
5.............................................................   .06384   .05697   .05095   .04567   .04103   .03694   .03334   .03016   .02735   .02487
6.............................................................   .06637   .05933   .05315   .04771   .04292   .03870   .03497   .03168   .02876   .02618
7.............................................................   .06905   .06183   .05547   .04987   .04494   .04058   .03673   .03332   .03029   .02761
8.............................................................   .07186   .06445   .05792   .05216   .04708   .04258   .03859   .03506   .03192   .02914
9.............................................................   .07482   .06722   .06052   .05460   .04936   .04471   .04060   .03694   .03369   .03079

[[Page 36921]]

 
10............................................................   .07793   .07015   .06327   .05718   .05179   .04700   .04274   .03896   .03559   .03259
11............................................................   .08120   .07323   .06617   .05991   .05435   .04942   .04502   .04111   .03762   .03450
12............................................................   .08461   .07645   .06920   .06277   .05706   .05197   .04744   .04339   .03978   .03655
13............................................................   .08812   .07976   .07234   .06574   .05985   .05461   .04993   .04576   .04202   .03867
14............................................................   .09168   .08313   .07552   .06874   .06269   .05729   .05247   .04815   .04428   .04081
15............................................................   .09527   .08652   .07872   .07176   .06554   .05999   .05501   .05055   .04655   .04296
16............................................................   .09886   .08991   .08192   .07478   .06839   .06267   .05754   .05294   .04880   .04508
17............................................................   .10249   .09334   .08515   .07782   .07126   .06537   .06008   .05533   .05105   .04720
18............................................................   .10616   .09680   .08842   .08090   .07415   .06809   .06264   .05774   .05332   .04933
19............................................................   .10994   .10037   .09178   .08407   .07714   .07091   .06529   .06023   .05566   .05153
20............................................................   .11384   .10406   .09527   .08737   .08025   .07383   .06805   .06283   .05811   .05384
21............................................................   .11790   .10790   .09891   .09080   .08349   .07690   .07094   .06555   .06068   .05626
22............................................................   .12208   .11188   .10267   .09436   .08686   .08008   .07395   .06839   .06336   .05879
23............................................................   .12643   .11601   .10659   .09808   .09038   .08342   .07710   .07138   .06618   .06146
24............................................................   .13095   .12031   .11069   .10197   .09408   .08692   .08042   .07452   .06915   .06427
25............................................................   .13567   .12481   .11497   .10605   .09795   .09060   .08392   .07784   .07230   .06726
26............................................................   .14058   .12950   .11945   .11032   .10202   .09447   .08760   .08134   .07563   .07042
27............................................................   .14571   .13442   .12415   .11481   .10631   .09856   .09149   .08505   .07916   .07379
28............................................................   .15104   .13953   .12904   .11949   .11078   .10284   .09558   .08895   .08288   .07733
29............................................................   .15656   .14484   .13414   .12438   .11546   .10731   .09986   .09304   .08679   .08106
30............................................................   .16229   .15034   .13943   .12946   .12034   .11198   .10433   .09732   .09089   .08498
31............................................................   .16821   .15605   .14493   .13474   .12541   .11685   .10900   .10179   .09517   .08909
32............................................................   .17433   .16196   .15063   .14023   .13069   .12193   .11387   .10647   .09966   .09339
33............................................................   .18068   .16810   .15655   .14595   .13620   .12723   .11897   .11137   .10437   .09791
34............................................................   .18724   .17446   .16270   .15189   .14193   .13275   .12430   .11650   .10930   .10265
35............................................................   .19405   .18107   .16910   .15808   .14791   .13853   .12987   .12187   .11448   .10764
36............................................................   .20109   .18791   .17574   .16451   .15414   .14456   .13569   .12749   .11990   .11287
37............................................................   .20838   .19500   .18263   .17120   .16062   .15083   .14177   .13337   .12558   .11835
38............................................................   .21593   .20236   .18979   .17816   .16739   .15739   .14813   .13953   .13154   .12412
39............................................................   .22374   .20998   .19723   .18540   .17443   .16423   .15477   .14597   .13779   .13017
40............................................................   .23183   .21789   .20496   .19294   .18177   .17138   .16172   .15272   .14434   .13653
41............................................................   .24021   .22611   .21299   .20079   .18943   .17885   .16899   .15980   .15123   .14322
42............................................................   .24889   .23463   .22134   .20896   .19741   .18665   .17660   .16721   .15845   .15025
43............................................................   .25786   .24344   .23000   .21744   .20572   .19477   .18453   .17496   .16601   .15762
44............................................................   .26712   .25257   .23896   .22625   .21435   .20322   .19281   .18305   .17391   .16534
45............................................................   .27665   .26196   .24821   .23534   .22328   .21198   .20139   .19145   .18213   .17338
46............................................................   .28644   .27163   .25774   .24472   .23251   .22105   .21028   .20018   .19068   .18174
47............................................................   .29647   .28155   .26754   .25438   .24201   .23040   .21947   .20919   .19952   .19041
48............................................................   .30676   .29173   .27760   .26431   .25181   .24004   .22896   .21852   .20868   .19941
49............................................................   .31729   .30217   .28794   .27453   .26190   .24999   .23876   .22817   .21817   .20873
50............................................................   .32808   .31289   .29856   .28505   .27229   .26026   .24889   .23814   .22799   .21839
51............................................................   .33912   .32387   .30946   .29585   .28299   .27083   .25933   .24845   .23815   .22840
52............................................................   .35038   .33507   .32060   .30691   .29395   .28168   .27005   .25904   .24861   .23872
53............................................................   .36185   .34651   .33198   .31821   .30517   .29280   .28106   .26993   .25937   .24934
54............................................................   .37352   .35815   .34358   .32976   .31664   .30418   .29234   .28110   .27042   .26026
55............................................................   .38539   .37002   .35542   .34155   .32836   .31583   .30390   .29256   .28177   .27149
56............................................................   .39746   .38209   .36748   .35358   .34034   .32774   .31574   .30431   .29342   .28303
57............................................................   .40971   .39437   .37976   .36584   .35257   .33992   .32785   .31634   .30536   .29488
58............................................................   .42212   .40682   .39222   .37829   .36500   .35231   .34019   .32862   .31756   .30699
59............................................................   .43464   .41939   .40482   .39090   .37759   .36488   .35272   .34109   .32996   .31932
60............................................................   .44726   .43207   .41754   .40364   .39034   .37761   .36542   .35375   .34257   .33186
61............................................................   .45999   .44488   .43041   .41655   .40326   .39053   .37833   .36662   .35540   .34463
62............................................................   .47286   .45785   .44345   .42964   .41639   .40367   .39146   .37974   .36848   .35767
63............................................................   .48589   .47098   .45667   .44293   .42972   .41703   .40484   .39311   .38184   .37100
64............................................................   .49903   .48426   .47005   .45638   .44324   .43060   .41843   .40671   .39544   .38458
65............................................................   .51229   .49766   .48357   .47001   .45694   .44435   .43223   .42054   .40927   .39841
66............................................................   .52568   .51121   .49726   .48381   .47084   .45833   .44626   .43461   .42337   .41252
67............................................................   .53924   .52495   .51115   .49784   .48498   .47256   .46056   .44898   .43778   .42696
68............................................................   .55293   .53883   .52521   .51205   .49932   .48701   .47511   .46360   .45246   .44169
69............................................................   .56671   .55283   .53940   .52640   .51382   .50165   .48985   .47844   .46738   .45666
70............................................................   .58052   .56687   .55365   .54084   .52843   .51639   .50473   .49342   .48245   .47181
71............................................................   .59431   .58091   .56791   .55529   .54306   .53118   .51966   .50847   .49761   .48707
72............................................................   .60804   .59490   .58213   .56973   .55768   .54598   .53461   .52357   .51283   .50239
73............................................................   .62168   .60881   .59629   .58411   .57227   .56076   .54955   .53866   .52806   .51774
74............................................................   .63528   .62268   .61042   .59848   .58686   .57555   .56453   .55380   .54335   .53316
75............................................................   .64887   .63657   .62458   .61290   .60151   .59041   .57959   .56904   .55875   .54872
76............................................................   .66249   .65049   .63880   .62739   .61625   .60538   .59478   .58443   .57432   .56446
77............................................................   .67612   .66446   .65307   .64194   .63108   .62046   .61009   .59995   .59005   .58037
78............................................................   .68975   .67843   .66736   .65654   .64596   .63561   .62548   .61558   .60590   .59643
79............................................................   .70330   .69233   .68160   .67109   .66081   .65074   .64088   .63123   .62178   .61253
80............................................................   .71666   .70605   .69566   .68548   .67550   .66573   .65615   .64676   .63755   .62853
81............................................................   .72975   .71950   .70946   .69961   .68995   .68047   .67117   .66205   .65310   .64433
82............................................................   .74250   .73263   .72293   .71342   .70407   .69490   .68589   .67705   .66837   .65984
83............................................................   .75493   .74542   .73608   .72690   .71788   .70902   .70031   .69175   .68333   .67506

[[Page 36922]]

 
84............................................................   .76712   .75798   .74900   .74016   .73147   .72292   .71451   .70624   .69810   .69010
85............................................................   .77913   .77037   .76175   .75326   .74491   .73668   .72859   .72061   .71276   .70503
86............................................................   .79086   .78248   .77423   .76610   .75808   .75019   .74241   .73474   .72719   .71974
87............................................................   .80218   .79418   .78628   .77850   .77083   .76326   .75580   .74844   .74118   .73402
88............................................................   .81307   .80544   .79790   .79047   .78313   .77589   .76874   .76169   .75473   .74786
89............................................................   .82355   .81628   .80909   .80200   .79500   .78808   .78125   .77450   .76783   .76125
90............................................................   .83360   .82668   .81985   .81309   .80642   .79982   .79330   .78685   .78048   .77418
91............................................................   .84308   .83650   .83000   .82357   .81721   .81092   .80470   .79855   .79246   .78645
92............................................................   .85182   .84556   .83937   .83325   .82718   .82119   .81525   .80937   .80356   .79780
93............................................................   .85985   .85390   .84800   .84215   .83637   .83064   .82497   .81936   .81379   .80829
94............................................................   .86732   .86164   .85601   .85044   .84491   .83944   .83402   .82865   .82333   .81806
95............................................................   .87437   .86895   .86359   .85827   .85300   .84778   .84260   .83746   .83237   .82733
96............................................................   .88097   .87582   .87070   .86563   .86060   .85561   .85066   .84575   .84088   .83605
97............................................................   .88708   .88216   .87727   .87243   .86762   .86285   .85811   .85341   .84875   .84413
98............................................................   .89280   .88810   .88343   .87880   .87420   .86964   .86511   .86061   .85614   .85171
99............................................................   .89836   .89388   .88943   .88501   .88062   .87626   .87193   .86763   .86336   .85911
100...........................................................   .90375   .89948   .89525   .89103   .88685   .88269   .87856   .87445   .87037   .86632
101...........................................................   .90905   .90500   .90097   .89696   .89298   .88902   .88509   .88118   .87729   .87342
102...........................................................   .91424   .91040   .90658   .90278   .89900   .89524   .89150   .88778   .88408   .88040
103...........................................................   .91939   .91575   .91214   .90854   .90496   .90139   .89785   .89432   .89081   .88732
104...........................................................   .92485   .92144   .91805   .91467   .91131   .90796   .90463   .90131   .89800   .89471
105...........................................................   .93020   .92701   .92383   .92067   .91751   .91437   .91125   .90813   .90502   .90193
106...........................................................   .93701   .93411   .93122   .92834   .92546   .92260   .91974   .91689   .91405   .91122
107...........................................................   .94522   .94268   .94013   .93760   .93507   .93254   .93002   .92750   .92499   .92249
108...........................................................   .95782   .95583   .95385   .95187   .94989   .94791   .94593   .94396   .94199   .94002
109...........................................................   .97900   .97800   .97700   .97600   .97500   .97400   .97300   .97200   .97100   .97000


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 6.2%     6.4%     6.6%     6.8%     7.0%     7.2%     7.4%     7.6%     7.8%     8.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .02693   .02534   .02395   .02271   .02161   .02063   .01976   .01898   .01828   .01765
1.............................................................   .01922   .01756   .01610   .01480   .01365   .01263   .01171   .01090   .01017   .00951
2.............................................................   .01975   .01802   .01650   .01514   .01393   .01286   .01190   .01104   .01028   .00959
3.............................................................   .02056   .01876   .01717   .01575   .01449   .01336   .01235   .01145   .01064   .00992
4.............................................................   .02155   .01967   .01800   .01652   .01520   .01401   .01296   .01201   .01116   .01039
5.............................................................   .02266   .02071   .01896   .01741   .01603   .01479   .01368   .01269   .01179   .01098
6.............................................................   .02389   .02184   .02003   .01841   .01696   .01566   .01450   .01345   .01251   .01166
7.............................................................   .02522   .02309   .02120   .01950   .01799   .01663   .01540   .01431   .01332   .01242
8.............................................................   .02665   .02444   .02246   .02069   .01910   .01768   .01640   .01524   .01420   .01326
9.............................................................   .02821   .02590   .02384   .02199   .02033   .01884   .01750   .01629   .01520   .01421
10............................................................   .02990   .02750   .02535   .02342   .02169   .02013   .01872   .01745   .01631   .01526
11............................................................   .03172   .02922   .02698   .02497   .02316   .02153   .02006   .01872   .01752   .01643
12............................................................   .03365   .03106   .02872   .02663   .02474   .02303   .02149   .02010   .01884   .01769
13............................................................   .03566   .03297   .03054   .02835   .02638   .02460   .02299   .02154   .02021   .01901
14............................................................   .03770   .03490   .03237   .03010   .02804   .02619   .02450   .02298   .02159   .02033
15............................................................   .03973   .03682   .03419   .03182   .02968   .02775   .02599   .02439   .02294   .02162
16............................................................   .04173   .03871   .03598   .03352   .03129   .02926   .02743   .02576   .02424   .02286
17............................................................   .04372   .04059   .03775   .03519   .03287   .03076   .02884   .02710   .02551   .02406
18............................................................   .04573   .04248   .03953   .03686   .03444   .03224   .03024   .02842   .02676   .02524
19............................................................   .04780   .04443   .04137   .03859   .03607   .03378   .03169   .02978   .02804   .02646
20............................................................   .04997   .04647   .04329   .04040   .03778   .03539   .03321   .03122   .02940   .02773
21............................................................   .05226   .04862   .04532   .04232   .03958   .03709   .03481   .03274   .03083   .02909
22............................................................   .05465   .05088   .04745   .04432   .04148   .03888   .03650   .03433   .03234   .03052
23............................................................   .05716   .05325   .04969   .04645   .04348   .04077   .03830   .03603   .03394   .03203
24............................................................   .05983   .05578   .05208   .04871   .04562   .04280   .04021   .03784   .03566   .03367
25............................................................   .06266   .05846   .05463   .05112   .04791   .04497   .04227   .03980   .03752   .03543
26............................................................   .06566   .06131   .05734   .05369   .05035   .04729   .04448   .04189   .03951   .03732
27............................................................   .06887   .06436   .06024   .05646   .05298   .04979   .04686   .04416   .04168   .03939
28............................................................   .07225   .06758   .06331   .05938   .05577   .05245   .04940   .04658   .04398   .04159
29............................................................   .07581   .07099   .06656   .06248   .05873   .05528   .05210   .04916   .04645   .04394
30............................................................   .07956   .07457   .06998   .06575   .06186   .05827   .05495   .05189   .04906   .04644
31............................................................   .08348   .07833   .07358   .06920   .06515   .06142   .05797   .05478   .05182   .04908
32............................................................   .08761   .08228   .07736   .07282   .06863   .06475   .06116   .05783   .05475   .05189
33............................................................   .09195   .08645   .08136   .07666   .07231   .06828   .06454   .06108   .05786   .05488
34............................................................   .09651   .09082   .08557   .08070   .07619   .07200   .06812   .06452   .06117   .05805
35............................................................   .10131   .09545   .09002   .08498   .08030   .07596   .07193   .06818   .06469   .06144
36............................................................   .10635   .10031   .09470   .08949   .08465   .08015   .07596   .07206   .06842   .06503
37............................................................   .11165   .10542   .09963   .09424   .08923   .08457   .08022   .07617   .07238   .06885
38............................................................   .11722   .11081   .10484   .09927   .09409   .08926   .08475   .08054   .07661   .07293
39............................................................   .12308   .11648   .11032   .10458   .09922   .09422   .08955   .08518   .08109   .07726
40............................................................   .12925   .12246   .11612   .11020   .10466   .09949   .09465   .09011   .08587   .08189
41............................................................   .13575   .12877   .12225   .11614   .11043   .10508   .10007   .09537   .09097   .08683
42............................................................   .14259   .13542   .12871   .12243   .11654   .11101   .10583   .10097   .09640   .09210
43............................................................   .14977   .14242   .13552   .12905   .12298   .11729   .11193   .10690   .10217   .09771
44............................................................   .15731   .14976   .14269   .13604   .12979   .12391   .11838   .11318   .10828   .10367

[[Page 36923]]

 
45............................................................   .16516   .15743   .15017   .14334   .13691   .13086   .12516   .11979   .11472   .10994
46............................................................   .17334   .16544   .15800   .15099   .14438   .13816   .13228   .12674   .12150   .11656
47............................................................   .18184   .17375   .16613   .15895   .15217   .14576   .13972   .13400   .12860   .12349
48............................................................   .19066   .18240   .17461   .16724   .16029   .15371   .14749   .14161   .13604   .13077
49............................................................   .19981   .19138   .18342   .17588   .16875   .16201   .15562   .14956   .14383   .13839
50............................................................   .20931   .20072   .19259   .18489   .17759   .17067   .16412   .15790   .15199   .14639
51............................................................   .21917   .21042   .20212   .19426   .18679   .17971   .17299   .16660   .16054   .15477
52............................................................   .22933   .22043   .21198   .20395   .19633   .18909   .18220   .17566   .16943   .16350
53............................................................   .23981   .23076   .22216   .21399   .20621   .19881   .19176   .18506   .17867   .17258
54............................................................   .25060   .24141   .23267   .22434   .21642   .20886   .20166   .19480   .18826   .18201
55............................................................   .26171   .25239   .24351   .23504   .22697   .21927   .21192   .20491   .19821   .19182
56............................................................   .27313   .26369   .25468   .24608   .23787   .23003   .22254   .21538   .20854   .20199
57............................................................   .28487   .27531   .26618   .25746   .24912   .24114   .23351   .22621   .21923   .21254
58............................................................   .29688   .28722   .27798   .26914   .26067   .25257   .24481   .23738   .23025   .22343
59............................................................   .30913   .29937   .29002   .28107   .27249   .26427   .25639   .24882   .24157   .23461
60............................................................   .32159   .31175   .30231   .29325   .28457   .27623   .26823   .26055   .25317   .24608
61............................................................   .33429   .32437   .31485   .30571   .29692   .28848   .28037   .27257   .26507   .25786
62............................................................   .34728   .33730   .32770   .31847   .30960   .30106   .29285   .28495   .27734   .27001
63............................................................   .36057   .35053   .34087   .33157   .32262   .31400   .30569   .29769   .28998   .28255
64............................................................   .37412   .36404   .35433   .34498   .33596   .32726   .31887   .31078   .30298   .29545
65............................................................   .38794   .37783   .36809   .35868   .34961   .34085   .33239   .32422   .31633   .30871
66............................................................   .40205   .39193   .38216   .37272   .36361   .35479   .34628   .33804   .33008   .32238
67............................................................   .41650   .40639   .39661   .38715   .37800   .36915   .36059   .35230   .34428   .33651
68............................................................   .43126   .42117   .41139   .40193   .39277   .38390   .37530   .36697   .35890   .35108
69............................................................   .44628   .43622   .42648   .41703   .40787   .39898   .39037   .38201   .37391   .36604
70............................................................   .46150   .45149   .44178   .43236   .42321   .41433   .40571   .39735   .38922   .38132
71............................................................   .47683   .46689   .45723   .44785   .43873   .42987   .42126   .41290   .40476   .39685
72............................................................   .49225   .48238   .47279   .46346   .45439   .44556   .43697   .42862   .42048   .41257
73............................................................   .50770   .49793   .48841   .47915   .47013   .46135   .45280   .44447   .43635   .42844
74............................................................   .52324   .51358   .50416   .49498   .48603   .47731   .46880   .46051   .45242   .44454
75............................................................   .53894   .52939   .52008   .51100   .50214   .49349   .48505   .47681   .46877   .46092
76............................................................   .55483   .54543   .53624   .52728   .51852   .50996   .50160   .49344   .48546   .47766
77............................................................   .57091   .56167   .55263   .54380   .53516   .52671   .51845   .51038   .50247   .49475
78............................................................   .58716   .57809   .56922   .56053   .55203   .54372   .53557   .52760   .51980   .51216
79............................................................   .60346   .59459   .58590   .57738   .56904   .56086   .55286   .54501   .53732   .52978
80............................................................   .61969   .61102   .60252   .59419   .58601   .57800   .57014   .56243   .55487   .54745
81............................................................   .63571   .62726   .61897   .61082   .60283   .59499   .58729   .57974   .57232   .56503
82............................................................   .65146   .64324   .63515   .62722   .61942   .61176   .60423   .59683   .58957   .58242
83............................................................   .66693   .65893   .65108   .64335   .63575   .62828   .62093   .61371   .60660   .59962
84............................................................   .68222   .67447   .66684   .65934   .65195   .64468   .63753   .63049   .62356   .61674
85............................................................   .69742   .68993   .68255   .67528   .66812   .66106   .65411   .64727   .64053   .63389
86............................................................   .71241   .70517   .69805   .69102   .68410   .67727   .67054   .66390   .65736   .65091
87............................................................   .72696   .72000   .71313   .70635   .69967   .69307   .68656   .68014   .67381   .66756
88............................................................   .74108   .73438   .72777   .72125   .71480   .70845   .70217   .69597   .68985   .68380
89............................................................   .75475   .74832   .74198   .73571   .72951   .72339   .71734   .71137   .70547   .69963
90............................................................   .76796   .76180   .75572   .74971   .74376   .73788   .73207   .72633   .72065   .71503
91............................................................   .78049   .77460   .76878   .76302   .75732   .75168   .74610   .74058   .73512   .72972
92............................................................   .79211   .78647   .78089   .77537   .76990   .76449   .75913   .75383   .74858   .74338
93............................................................   .80283   .79743   .79208   .78679   .78154   .77634   .77119   .76610   .76105   .75604
94............................................................   .81283   .80765   .80253   .79744   .79240   .78741   .78247   .77756   .77270   .76789
95............................................................   .82233   .81737   .81245   .80757   .80274   .79795   .79320   .78849   .78382   .77918
96............................................................   .83126   .82651   .82180   .81712   .81248   .80788   .80332   .79880   .79431   .78985
97............................................................   .83953   .83498   .83046   .82597   .82152   .81710   .81271   .80836   .80404   .79976
98............................................................   .84731   .84294   .83860   .83429   .83002   .82577   .82155   .81737   .81321   .80908
99............................................................   .85490   .85071   .84656   .84243   .83832   .83425   .83020   .82618   .82219   .81822
100...........................................................   .86229   .85828   .85431   .85035   .84642   .84252   .83864   .83478   .83095   .82714
101...........................................................   .86958   .86575   .86195   .85818   .85442   .85069   .84698   .84329   .83962   .83597
102...........................................................   .87674   .87310   .86947   .86587   .86229   .85873   .85518   .85166   .84815   .84466
103...........................................................   .88384   .88038   .87694   .87351   .87010   .86671   .86334   .85998   .85663   .85331
104...........................................................   .89143   .88817   .88492   .88169   .87847   .87526   .87207   .86889   .86573   .86258
105...........................................................   .89885   .89578   .89272   .88967   .88664   .88361   .88060   .87760   .87461   .87163
106...........................................................   .90840   .90559   .90278   .89999   .89720   .89442   .89165   .88888   .88613   .88338
107...........................................................   .91999   .91750   .91501   .91253   .91005   .90758   .90511   .90265   .90019   .89774
108...........................................................   .93805   .93609   .93412   .93216   .93020   .92824   .92629   .92434   .92239   .92044
109...........................................................   .96900   .96800   .96700   .96600   .96500   .96400   .96300   .96200   .96100   .96000


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 8.2%     8.4%     8.6%     8.8%     9.0%     9.2%     9.4%     9.6%     9.8%    10.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01709   .01658   .01612   .01570   .01532   .01497   .01466   .01437   .01410   .01386
1.............................................................   .00892   .00839   .00791   .00747   .00708   .00672   .00639   .00609   .00582   .00557
2.............................................................   .00896   .00840   .00790   .00744   .00702   .00664   .00629   .00598   .00569   .00542
3.............................................................   .00926   .00867   .00814   .00765   .00721   .00681   .00644   .00611   .00580   .00552
4.............................................................   .00970   .00908   .00851   .00800   .00753   .00711   .00672   .00636   .00604   .00574
5.............................................................   .01026   .00960   .00900   .00846   .00796   .00751   .00710   .00672   .00637   .00606

[[Page 36924]]

 
6.............................................................   .01089   .01019   .00956   .00899   .00846   .00799   .00755   .00715   .00678   .00644
7.............................................................   .01161   .01088   .01021   .00960   .00905   .00854   .00808   .00765   .00726   .00690
8.............................................................   .01241   .01163   .01093   .01029   .00970   .00917   .00867   .00822   .00781   .00743
9.............................................................   .01331   .01249   .01175   .01107   .01045   .00988   .00936   .00889   .00845   .00804
10............................................................   .01432   .01346   .01268   .01196   .01131   .01071   .01016   .00965   .00918   .00875
11............................................................   .01543   .01453   .01370   .01295   .01226   .01162   .01104   .01051   .01001   .00956
12............................................................   .01664   .01569   .01482   .01403   .01330   .01263   .01202   .01145   .01093   .01045
13............................................................   .01791   .01691   .01600   .01516   .01440   .01369   .01304   .01245   .01190   .01139
14............................................................   .01918   .01813   .01717   .01629   .01548   .01474   .01406   .01343   .01285   .01231
15............................................................   .02041   .01931   .01831   .01738   .01653   .01576   .01504   .01437   .01376   .01320
16............................................................   .02160   .02044   .01938   .01841   .01752   .01670   .01595   .01525   .01460   .01401
17............................................................   .02274   .02152   .02041   .01940   .01846   .01760   .01680   .01607   .01539   .01476
18............................................................   .02386   .02258   .02142   .02035   .01936   .01846   .01762   .01685   .01613   .01547
19............................................................   .02500   .02367   .02245   .02132   .02029   .01933   .01845   .01764   .01689   .01619
20............................................................   .02621   .02481   .02353   .02235   .02126   .02025   .01933   .01847   .01768   .01694
21............................................................   .02749   .02603   .02468   .02344   .02229   .02124   .02026   .01936   .01852   .01774
22............................................................   .02884   .02730   .02589   .02458   .02338   .02227   .02124   .02029   .01940   .01859
23............................................................   .03028   .02867   .02718   .02581   .02454   .02337   .02229   .02128   .02035   .01949
24............................................................   .03183   .03013   .02857   .02713   .02580   .02456   .02342   .02236   .02138   .02047
25............................................................   .03350   .03172   .03008   .02857   .02717   .02587   .02467   .02355   .02251   .02155
26............................................................   .03530   .03344   .03172   .03013   .02865   .02729   .02602   .02484   .02375   .02273
27............................................................   .03727   .03532   .03351   .03183   .03028   .02885   .02751   .02627   .02511   .02404
28............................................................   .03937   .03732   .03543   .03367   .03204   .03052   .02911   .02780   .02658   .02545
29............................................................   .04162   .03947   .03748   .03564   .03392   .03233   .03084   .02946   .02818   .02698
30............................................................   .04401   .04176   .03967   .03773   .03593   .03425   .03269   .03124   .02988   .02861
31............................................................   .04654   .04419   .04200   .03996   .03807   .03630   .03466   .03312   .03169   .03035
32............................................................   .04923   .04676   .04447   .04233   .04034   .03849   .03676   .03514   .03363   .03221
33............................................................   .05210   .04952   .04711   .04487   .04278   .04083   .03901   .03731   .03571   .03422
34............................................................   .05515   .05245   .04993   .04758   .04538   .04333   .04142   .03962   .03794   .03637
35............................................................   .05841   .05558   .05295   .05048   .04818   .04603   .04401   .04212   .04035   .03869
36............................................................   .06187   .05892   .05616   .05358   .05116   .04890   .04678   .04480   .04293   .04118
37............................................................   .06555   .06247   .05958   .05688   .05435   .05198   .04975   .04766   .04570   .04385
38............................................................   .06949   .06627   .06325   .06043   .05777   .05528   .05295   .05075   .04868   .04674
39............................................................   .07368   .07032   .06717   .06421   .06143   .05882   .05637   .05406   .05189   .04984
40............................................................   .07816   .07465   .07137   .06827   .06537   .06263   .06006   .05764   .05535   .05320
41............................................................   .08295   .07930   .07587   .07264   .06960   .06674   .06405   .06150   .05910   .05683
42............................................................   .08807   .08427   .08069   .07733   .07415   .07116   .06833   .06567   .06315   .06077
43............................................................   .09352   .08957   .08585   .08233   .07902   .07589   .07294   .07014   .06750   .06500
44............................................................   .09932   .09521   .09134   .08768   .08423   .08096   .07787   .07495   .07218   .06956
45............................................................   .10543   .10117   .09715   .09334   .08974   .08634   .08311   .08005   .07716   .07441
46............................................................   .11189   .10747   .10329   .09933   .09559   .09204   .08867   .08548   .08245   .07958
47............................................................   .11866   .11408   .10974   .10564   .10174   .09805   .09454   .09121   .08805   .08504
48............................................................   .12577   .12103   .11654   .11228   .10823   .10439   .10074   .09727   .09397   .09083
49............................................................   .13323   .12833   .12368   .11926   .11506   .11107   .10728   .10366   .10022   .09695
50............................................................   .14107   .13601   .13120   .12663   .12228   .11813   .11419   .11043   .10685   .10344
51............................................................   .14928   .14407   .13910   .13437   .12987   .12558   .12149   .11758   .11386   .11031
52............................................................   .15785   .15248   .14735   .14247   .13781   .13337   .12913   .12508   .12122   .11752
53............................................................   .16678   .16124   .15597   .15093   .14612   .14153   .13714   .13294   .12893   .12509
54............................................................   .17606   .17037   .16493   .15974   .15478   .15004   .14550   .14116   .13700   .13302
55............................................................   .18570   .17986   .17428   .16893   .16382   .15893   .15424   .14976   .14546   .14134
56............................................................   .19573   .18974   .18400   .17851   .17325   .16821   .16338   .15875   .15430   .15004
57............................................................   .20613   .20000   .19412   .18848   .18307   .17789   .17291   .16814   .16355   .15914
58............................................................   .21688   .21060   .20458   .19880   .19325   .18792   .18280   .17788   .17316   .16861
59............................................................   .22793   .22151   .21535   .20943   .20374   .19827   .19301   .18795   .18309   .17840
60............................................................   .23927   .23272   .22642   .22036   .21454   .20893   .20354   .19834   .19334   .18851
61............................................................   .25092   .24425   .23782   .23163   .22567   .21993   .21440   .20907   .20393   .19898
62............................................................   .26295   .25616   .24961   .24329   .23721   .23134   .22568   .22021   .21494   .20985
63............................................................   .27538   .26847   .26180   .25537   .24916   .24316   .23738   .23179   .22639   .22117
64............................................................   .28817   .28116   .27438   .26783   .26150   .25539   .24949   .24377   .23825   .23291
65............................................................   .30134   .29423   .28735   .28069   .27426   .26803   .26201   .25618   .25054   .24508
66............................................................   .31493   .30772   .30075   .29399   .28746   .28113   .27500   .26906   .26331   .25774
67............................................................   .32899   .32170   .31464   .30780   .30118   .29475   .28852   .28248   .27663   .27095
68............................................................   .34349   .33614   .32901   .32209   .31538   .30887   .30256   .29643   .29047   .28469
69............................................................   .35841   .35100   .34381   .33683   .33005   .32346   .31707   .31085   .30481   .29894
70............................................................   .37366   .36620   .35896   .35193   .34509   .33844   .33197   .32568   .31957   .31362
71............................................................   .38916   .38167   .37440   .36732   .36043   .35372   .34720   .34084   .33466   .32864
72............................................................   .40486   .39736   .39006   .38295   .37602   .36927   .36270   .35629   .35005   .34396
73............................................................   .42074   .41323   .40591   .39878   .39182   .38504   .37843   .37198   .36568   .35955
74............................................................   .43685   .42934   .42202   .41488   .40791   .40110   .39446   .38798   .38165   .37547
75............................................................   .45326   .44577   .43846   .43132   .42435   .41754   .41088   .40438   .39802   .39181
76............................................................   .47004   .46259   .45530   .44818   .44122   .43442   .42776   .42125   .41488   .40865
77............................................................   .48718   .47979   .47255   .46547   .45853   .45175   .44511   .43861   .43225   .42601
78............................................................   .50467   .49735   .49017   .48314   .47626   .46951   .46290   .45643   .45008   .44386
79............................................................   .52239   .51515   .50806   .50110   .49427   .48758   .48102   .47459   .46828   .46209

[[Page 36925]]

 
80............................................................   .54018   .53304   .52603   .51916   .51242   .50580   .49930   .49292   .48666   .48052
81............................................................   .55788   .55085   .54396   .53718   .53053   .52399   .51757   .51126   .50507   .49898
82............................................................   .57540   .56851   .56173   .55506   .54851   .54207   .53574   .52951   .52339   .51737
83............................................................   .59274   .58598   .57933   .57279   .56635   .56001   .55378   .54765   .54161   .53567
84............................................................   .61002   .60341   .59690   .59049   .58418   .57796   .57184   .56582   .55988   .55403
85............................................................   .62734   .62090   .61454   .60828   .60211   .59603   .59004   .58414   .57832   .57258
86............................................................   .64455   .63828   .63210   .62600   .61999   .61406   .60821   .60244   .59675   .59113
87............................................................   .66139   .65531   .64930   .64337   .63752   .63175   .62605   .62043   .61488   .60939
88............................................................   .67783   .67194   .66612   .66037   .65469   .64908   .64354   .63807   .63267   .62733
89............................................................   .69387   .68817   .68254   .67698   .67148   .66605   .66068   .65537   .65012   .64493
90............................................................   .70947   .70398   .69855   .69318   .68786   .68261   .67742   .67228   .66719   .66217
91............................................................   .72437   .71908   .71385   .70867   .70354   .69847   .69345   .68848   .68357   .67870
92............................................................   .73823   .73314   .72810   .72310   .71816   .71326   .70841   .70361   .69886   .69415
93............................................................   .75109   .74618   .74132   .73650   .73173   .72700   .72232   .71768   .71308   .70852
94............................................................   .76312   .75839   .75370   .74905   .74445   .73988   .73536   .73087   .72643   .72202
95............................................................   .77459   .77004   .76552   .76104   .75660   .75220   .74783   .74350   .73920   .73494
96............................................................   .78543   .78105   .77670   .77238   .76810   .76386   .75964   .75546   .75131   .74720
97............................................................   .79550   .79128   .78709   .78293   .77880   .77470   .77063   .76659   .76258   .75860
98............................................................   .80498   .80091   .79687   .79286   .78888   .78492   .78099   .77709   .77322   .76937
99............................................................   .81428   .81036   .80647   .80261   .79877   .79496   .79117   .78741   .78367   .77995
100...........................................................   .82336   .81959   .81586   .81214   .80845   .80478   .80113   .79751   .79390   .79032
101...........................................................   .83234   .82873   .82515   .82158   .81804   .81451   .81101   .80753   .80406   .80062
102...........................................................   .84119   .83774   .83431   .83089   .82750   .82412   .82076   .81742   .81409   .81078
103...........................................................   .84999   .84670   .84342   .84016   .83691   .83368   .83046   .82726   .82408   .82091
104...........................................................   .85944   .85632   .85321   .85011   .84703   .84396   .84090   .83786   .83483   .83182
105...........................................................   .86866   .86570   .86276   .85982   .85690   .85399   .85109   .84820   .84532   .84245
106...........................................................   .88065   .87792   .87520   .87248   .86978   .86708   .86440   .86172   .85905   .85638
107...........................................................   .89530   .89286   .89042   .88799   .88557   .88315   .88073   .87833   .87592   .87352
108...........................................................   .91849   .91654   .91460   .91266   .91072   .90879   .90685   .90492   .90299   .90106
109...........................................................   .95900   .95800   .95700   .95600   .95500   .95400   .95300   .95200   .95100   .95000


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                10.2%    10.4%    10.6%    10.8%    11.0%    11.2%    11.4%    11.6%    11.8%    12.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01363   .01342   .01323   .01305   .01288   .01272   .01258   .01244   .01231   .01219
1.............................................................   .00534   .00512   .00493   .00474   .00458   .00442   .00427   .00414   .00401   .00389
2.............................................................   .00518   .00495   .00474   .00455   .00437   .00421   .00405   .00391   .00377   .00365
3.............................................................   .00526   .00502   .00480   .00459   .00440   .00422   .00406   .00391   .00376   .00363
4.............................................................   .00546   .00521   .00497   .00475   .00455   .00436   .00419   .00402   .00387   .00373
5.............................................................   .00576   .00549   .00524   .00501   .00479   .00459   .00440   .00423   .00406   .00391
6.............................................................   .00613   .00584   .00557   .00532   .00509   .00488   .00468   .00449   .00432   .00415
7.............................................................   .00657   .00626   .00598   .00571   .00547   .00524   .00502   .00482   .00464   .00446
8.............................................................   .00707   .00675   .00644   .00616   .00590   .00565   .00542   .00521   .00501   .00482
9.............................................................   .00766   .00732   .00699   .00669   .00641   .00615   .00591   .00568   .00547   .00527
10............................................................   .00835   .00798   .00764   .00732   .00702   .00675   .00649   .00624   .00602   .00580
11............................................................   .00913   .00874   .00838   .00804   .00772   .00743   .00715   .00689   .00665   .00642
12............................................................   .01000   .00959   .00920   .00884   .00851   .00819   .00790   .00762   .00737   .00712
13............................................................   .01091   .01048   .01007   .00969   .00933   .00900   .00869   .00840   .00813   .00787
14............................................................   .01181   .01135   .01092   .01052   .01014   .00979   .00947   .00916   .00887   .00860
15............................................................   .01267   .01218   .01173   .01130   .01091   .01054   .01019   .00987   .00956   .00928
16............................................................   .01345   .01294   .01246   .01201   .01160   .01121   .01084   .01050   .01018   .00988
17............................................................   .01418   .01364   .01313   .01266   .01222   .01181   .01143   .01107   .01073   .01041
18............................................................   .01486   .01429   .01375   .01326   .01279   .01236   .01196   .01158   .01122   .01088
19............................................................   .01554   .01494   .01438   .01385   .01336   .01291   .01248   .01208   .01170   .01135
20............................................................   .01626   .01562   .01503   .01448   .01396   .01348   .01303   .01260   .01220   .01183
21............................................................   .01702   .01635   .01573   .01514   .01460   .01409   .01361   .01316   .01274   .01235
22............................................................   .01782   .01711   .01645   .01584   .01526   .01472   .01422   .01374   .01330   .01288
23............................................................   .01868   .01793   .01724   .01658   .01597   .01540   .01487   .01437   .01390   .01345
24............................................................   .01962   .01883   .01809   .01740   .01675   .01615   .01558   .01505   .01455   .01408
25............................................................   .02065   .01981   .01903   .01830   .01762   .01698   .01638   .01581   .01528   .01478
26............................................................   .02178   .02089   .02006   .01929   .01856   .01789   .01725   .01665   .01609   .01556
27............................................................   .02303   .02209   .02122   .02040   .01963   .01891   .01824   .01760   .01700   .01644
28............................................................   .02439   .02339   .02247   .02160   .02079   .02002   .01931   .01863   .01800   .01740
29............................................................   .02585   .02480   .02382   .02290   .02204   .02123   .02047   .01976   .01908   .01845
30............................................................   .02742   .02631   .02527   .02430   .02339   .02253   .02172   .02096   .02025   .01957
31............................................................   .02910   .02793   .02683   .02579   .02482   .02391   .02306   .02225   .02149   .02077
32............................................................   .03089   .02965   .02849   .02739   .02636   .02540   .02449   .02363   .02282   .02206
33............................................................   .03282   .03151   .03028   .02912   .02803   .02701   .02604   .02513   .02427   .02346
34............................................................   .03489   .03350   .03220   .03097   .02982   .02873   .02771   .02674   .02583   .02497
35............................................................   .03713   .03567   .03429   .03299   .03177   .03061   .02953   .02850   .02753   .02661
36............................................................   .03953   .03798   .03653   .03515   .03386   .03263   .03148   .03039   .02936   .02838
37............................................................   .04211   .04048   .03894   .03748   .03611   .03481   .03359   .03243   .03134   .03030
38............................................................   .04490   .04318   .04155   .04001   .03856   .03719   .03589   .03466   .03350   .03239
39............................................................   .04791   .04609   .04437   .04274   .04120   .03975   .03837   .03707   .03583   .03466
40............................................................   .05116   .04924   .04742   .04571   .04408   .04254   .04108   .03970   .03839   .03714

[[Page 36926]]

 
41............................................................   .05469   .05267   .05075   .04894   .04722   .04559   .04405   .04258   .04119   .03987
42............................................................   .05851   .05638   .05436   .05245   .05063   .04891   .04728   .04573   .04425   .04285
43............................................................   .06263   .06039   .05827   .05625   .05433   .05252   .05079   .04915   .04759   .04610
44............................................................   .06707   .06472   .06248   .06035   .05834   .05642   .05459   .05286   .05121   .04963
45............................................................   .07180   .06933   .06698   .06474   .06262   .06059   .05867   .05684   .05509   .05342
46............................................................   .07685   .07425   .07178   .06943   .06720   .06507   .06304   .06110   .05926   .05750
47............................................................   .08218   .07946   .07687   .07440   .07205   .06981   .06768   .06564   .06369   .06183
48............................................................   .08784   .08499   .08228   .07969   .07722   .07487   .07262   .07047   .06842   .06646
49............................................................   .09382   .09085   .08801   .08530   .08271   .08024   .07788   .07562   .07346   .07140
50............................................................   .10018   .09707   .09410   .09127   .08856   .08597   .08349   .08112   .07885   .07667
51............................................................   .10691   .10367   .10057   .09761   .09477   .09206   .08946   .08697   .08459   .08231
52............................................................   .11399   .11061   .10738   .10429   .10132   .09849   .09577   .09316   .09066   .08826
53............................................................   .12142   .11791   .11454   .11132   .10823   .10526   .10242   .09969   .09707   .09456
54............................................................   .12921   .12556   .12206   .11870   .11548   .11239   .10942   .10657   .10383   .10120
55............................................................   .13738   .13359   .12995   .12646   .12311   .11989   .11679   .11382   .11096   .10820
56............................................................   .14595   .14202   .13824   .13462   .13113   .12778   .12456   .12146   .11847   .11560
57............................................................   .15491   .15084   .14693   .14317   .13955   .13607   .13272   .12949   .12638   .12338
58............................................................   .16424   .16004   .15599   .15209   .14834   .14473   .14125   .13789   .13465   .13153
59............................................................   .17390   .16955   .16537   .16134   .15746   .15371   .15010   .14662   .14325   .14001
60............................................................   .18387   .17939   .17507   .17091   .16689   .16302   .15927   .15566   .15217   .14880
61............................................................   .19420   .18958   .18513   .18084   .17669   .17268   .16881   .16506   .16145   .15795
62............................................................   .20494   .20020   .19561   .19119   .18691   .18277   .17877   .17490   .17115   .16753
63............................................................   .21613   .21126   .20654   .20199   .19758   .19331   .18918   .18518   .18131   .17757
64............................................................   .22774   .22274   .21791   .21322   .20869   .20429   .20004   .19592   .19192   .18805
65............................................................   .23979   .23467   .22971   .22490   .22025   .21573   .21135   .20710   .20299   .19899
66............................................................   .25233   .24709   .24202   .23709   .23231   .22767   .22318   .21881   .21457   .21045
67............................................................   .26543   .26009   .25489   .24985   .24496   .24021   .23560   .23111   .22676   .22252
68............................................................   .27908   .27363   .26833   .26319   .25819   .25332   .24860   .24400   .23954   .23519
69............................................................   .29324   .28769   .28230   .27705   .27195   .26699   .26216   .25746   .25288   .24843
70............................................................   .30783   .30219   .29671   .29137   .28618   .28112   .27619   .27139   .26672   .26216
71............................................................   .32277   .31706   .31150   .30608   .30079   .29564   .29063   .28573   .28096   .27631
72............................................................   .33803   .33225   .32661   .32112   .31575   .31052   .30542   .30044   .29559   .29084
73............................................................   .35356   .34772   .34201   .33645   .33101   .32571   .32053   .31547   .31053   .30571
74............................................................   .36943   .36354   .35778   .35215   .34666   .34129   .33604   .33091   .32590   .32100
75............................................................   .38574   .37980   .37400   .36833   .36278   .35735   .35205   .34686   .34178   .33681
76............................................................   .40256   .39660   .39076   .38505   .37947   .37400   .36864   .36340   .35827   .35324
77............................................................   .41991   .41394   .40808   .40235   .39674   .39124   .38585   .38056   .37539   .37032
78............................................................   .43777   .43180   .42594   .42020   .41457   .40906   .40365   .39834   .39314   .38803
79............................................................   .45602   .45007   .44422   .43849   .43287   .42735   .42193   .41661   .41139   .40627
80............................................................   .47449   .46856   .46275   .45704   .45143   .44592   .44051   .43519   .42997   .42484
81............................................................   .49300   .48712   .48134   .47566   .47008   .46460   .45921   .45391   .44870   .44357
82............................................................   .51145   .50563   .49990   .49427   .48873   .48328   .47792   .47265   .46746   .46235
83............................................................   .52983   .52407   .51841   .51284   .50735   .50195   .49663   .49139   .48624   .48116
84............................................................   .54828   .54261   .53702   .53151   .52609   .52075   .51549   .51030   .50519   .50015
85............................................................   .56693   .56135   .55586   .55044   .54510   .53983   .53464   .52952   .52447   .51949
86............................................................   .58560   .58013   .57474   .56943   .56418   .55901   .55390   .54886   .54389   .53898
87............................................................   .60398   .59864   .59337   .58817   .58303   .57795   .57294   .56799   .56310   .55828
88............................................................   .62206   .61685   .61170   .60662   .60159   .59663   .59173   .58688   .58209   .57736
89............................................................   .63980   .63474   .62972   .62477   .61987   .61503   .61024   .60551   .60083   .59620
90............................................................   .65719   .65227   .64741   .64259   .63783   .63312   .62846   .62385   .61928   .61477
91............................................................   .67388   .66912   .66440   .65973   .65511   .65053   .64600   .64152   .63708   .63269
92............................................................   .68949   .68487   .68030   .67577   .67129   .66685   .66245   .65809   .65378   .64950
93............................................................   .70401   .69954   .69511   .69072   .68637   .68205   .67778   .67355   .66935   .66519
94............................................................   .71765   .71332   .70902   .70477   .70055   .69636   .69222   .68810   .68403   .67998
95............................................................   .73072   .72653   .72237   .71825   .71416   .71010   .70608   .70209   .69813   .69421
96............................................................   .74311   .73906   .73504   .73105   .72709   .72316   .71926   .71539   .71155   .70774
97............................................................   .75465   .75073   .74684   .74297   .73914   .73533   .73155   .72780   .72407   .72037
98............................................................   .76555   .76175   .75798   .75424   .75052   .74683   .74317   .73953   .73591   .73232
99............................................................   .77626   .77260   .76895   .76534   .76174   .75817   .75462   .75109   .74759   .74411
100...........................................................   .78676   .78323   .77971   .77622   .77274   .76929   .76586   .76245   .75906   .75569
101...........................................................   .79719   .79379   .79040   .78703   .78368   .78035   .77704   .77375   .77048   .76722
102...........................................................   .80749   .80422   .80096   .79772   .79450   .79130   .78811   .78494   .78178   .77864
103...........................................................   .81775   .81461   .81149   .80838   .80529   .80221   .79914   .79609   .79306   .79003
104...........................................................   .82881   .82582   .82284   .81988   .81693   .81399   .81106   .80815   .80525   .80236
105...........................................................   .83959   .83674   .83391   .83108   .82826   .82546   .82267   .81988   .81711   .81435
106...........................................................   .85373   .85108   .84844   .84581   .84319   .84058   .83797   .83537   .83278   .83020
107...........................................................   .87113   .86875   .86636   .86399   .86161   .85925   .85689   .85453   .85218   .84984
108...........................................................   .89913   .89721   .89529   .89337   .89145   .88953   .88762   .88571   .88380   .88189
109...........................................................   .94900   .94800   .94700   .94600   .94500   .94400   .94300   .94200   .94100   .94000
--------------------------------------------------------------------------------------------------------------------------------------------------------


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                12.2%    12.4%    12.6%    12.8%    13.0%    13.2%    13.4%    13.6%    13.8%    14.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01208   .01197   .01187   .01177   .01168   .01159   .01151   .01143   .01135   .01128
1.............................................................   .00378   .00367   .00358   .00348   .00340   .00331   .00323   .00316   .00309   .00302

[[Page 36927]]

 
2.............................................................   .00353   .00342   .00331   .00322   .00312   .00304   .00295   .00288   .00280   .00273
3.............................................................   .00350   .00339   .00327   .00317   .00307   .00298   .00289   .00281   .00273   .00265
4.............................................................   .00359   .00347   .00335   .00324   .00313   .00303   .00294   .00285   .00276   .00268
5.............................................................   .00377   .00363   .00351   .00339   .00327   .00317   .00306   .00297   .00288   .00279
6.............................................................   .00400   .00386   .00372   .00359   .00347   .00335   .00325   .00314   .00305   .00295
7.............................................................   .00430   .00414   .00400   .00386   .00373   .00360   .00349   .00338   .00327   .00317
8.............................................................   .00465   .00448   .00432   .00417   .00403   .00390   .00378   .00366   .00354   .00344
9.............................................................   .00508   .00490   .00473   .00457   .00442   .00428   .00414   .00402   .00389   .00378
10............................................................   .00560   .00541   .00523   .00506   .00490   .00475   .00460   .00446   .00433   .00421
11............................................................   .00620   .00600   .00581   .00563   .00546   .00529   .00514   .00499   .00485   .00472
12............................................................   .00689   .00668   .00647   .00628   .00610   .00593   .00576   .00560   .00545   .00531
13............................................................   .00763   .00740   .00718   .00698   .00678   .00660   .00642   .00626   .00610   .00595
14............................................................   .00834   .00810   .00787   .00766   .00745   .00726   .00707   .00689   .00673   .00657
15............................................................   .00901   .00875   .00851   .00828   .00807   .00786   .00767   .00748   .00730   .00714
16............................................................   .00959   .00932   .00907   .00883   .00860   .00839   .00818   .00799   .00780   .00762
17............................................................   .01011   .00983   .00956   .00930   .00907   .00884   .00862   .00842   .00822   .00804
18............................................................   .01057   .01027   .00999   .00972   .00947   .00923   .00900   .00879   .00858   .00839
19............................................................   .01101   .01070   .01040   .01012   .00985   .00960   .00936   .00914   .00892   .00871
20............................................................   .01148   .01115   .01083   .01054   .01026   .00999   .00974   .00950   .00927   .00905
21............................................................   .01197   .01162   .01129   .01098   .01068   .01040   .01014   .00988   .00964   .00941
22............................................................   .01249   .01211   .01176   .01143   .01112   .01082   .01054   .01027   .01002   .00978
23............................................................   .01304   .01264   .01227   .01192   .01159   .01127   .01098   .01069   .01042   .01017
24............................................................   .01364   .01322   .01283   .01246   .01210   .01177   .01145   .01115   .01087   .01060
25............................................................   .01431   .01387   .01345   .01306   .01268   .01233   .01199   .01168   .01137   .01109
26............................................................   .01506   .01459   .01415   .01373   .01333   .01295   .01260   .01226   .01194   .01163
27............................................................   .01591   .01541   .01494   .01449   .01407   .01367   .01329   .01293   .01259   .01226
28............................................................   .01684   .01631   .01580   .01533   .01488   .01445   .01405   .01367   .01330   .01296
29............................................................   .01785   .01728   .01675   .01624   .01577   .01531   .01488   .01447   .01408   .01372
30............................................................   .01893   .01833   .01776   .01723   .01672   .01623   .01578   .01534   .01493   .01453
31............................................................   .02010   .01946   .01885   .01828   .01773   .01722   .01673   .01627   .01582   .01540
32............................................................   .02134   .02066   .02002   .01940   .01883   .01828   .01776   .01726   .01679   .01634
33............................................................   .02270   .02197   .02128   .02063   .02002   .01943   .01887   .01835   .01784   .01736
34............................................................   .02415   .02338   .02265   .02195   .02130   .02067   .02008   .01951   .01897   .01846
35............................................................   .02574   .02492   .02414   .02340   .02270   .02203   .02140   .02080   .02022   .01967
36............................................................   .02746   .02658   .02575   .02496   .02422   .02350   .02283   .02218   .02157   .02098
37............................................................   .02932   .02838   .02750   .02666   .02586   .02510   .02438   .02369   .02303   .02241
38............................................................   .03135   .03035   .02941   .02851   .02766   .02685   .02608   .02534   .02464   .02397
39............................................................   .03355   .03249   .03149   .03053   .02962   .02876   .02793   .02715   .02640   .02568
40............................................................   .03596   .03484   .03377   .03275   .03178   .03086   .02998   .02914   .02833   .02757
41............................................................   .03861   .03742   .03628   .03520   .03416   .03318   .03224   .03134   .03048   .02966
42............................................................   .04152   .04025   .03903   .03788   .03678   .03573   .03473   .03377   .03285   .03198
43............................................................   .04468   .04333   .04205   .04082   .03965   .03853   .03746   .03644   .03546   .03453
44............................................................   .04813   .04670   .04533   .04403   .04278   .04159   .04045   .03936   .03832   .03732
45............................................................   .05183   .05032   .04887   .04748   .04616   .04489   .04368   .04252   .04141   .04034
46............................................................   .05582   .05421   .05267   .05121   .04980   .04846   .04717   .04593   .04475   .04362
47............................................................   .06006   .05836   .05673   .05518   .05369   .05226   .05089   .04958   .04832   .04711
48............................................................   .06459   .06279   .06107   .05943   .05785   .05634   .05488   .05349   .05216   .05087
49............................................................   .06942   .06752   .06571   .06397   .06230   .06070   .05916   .05768   .05626   .05490
50............................................................   .07459   .07259   .07068   .06884   .06708   .06538   .06376   .06219   .06069   .05924
51............................................................   .08012   .07801   .07599   .07406   .07220   .07041   .06869   .06703   .06544   .06391
52............................................................   .08596   .08375   .08163   .07959   .07763   .07574   .07392   .07218   .07049   .06887
53............................................................   .09214   .08982   .08759   .08544   .08338   .08139   .07948   .07763   .07586   .07415
54............................................................   .09867   .09623   .09389   .09164   .08946   .08737   .08536   .08342   .08154   .07974
55............................................................   .10556   .10301   .10055   .09819   .09591   .09371   .09159   .08955   .08757   .08567
56............................................................   .11283   .11016   .10759   .10511   .10272   .10042   .09819   .09605   .09397   .09197
57............................................................   .12050   .11771   .11502   .11243   .10993   .10751   .10518   .10293   .10075   .09864
58............................................................   .12852   .12562   .12281   .12011   .11749   .11496   .11252   .11016   .10787   .10567
59............................................................   .13687   .13385   .13092   .12810   .12537   .12273   .12017   .11770   .11531   .11299
60............................................................   .14554   .14240   .13935   .13641   .13356   .13080   .12813   .12555   .12305   .12063
61............................................................   .15457   .15130   .14813   .14507   .14210   .13923   .13644   .13375   .13113   .12860
62............................................................   .16402   .16063   .15734   .15415   .15107   .14808   .14518   .14237   .13964   .13699
63............................................................   .17393   .17042   .16700   .16370   .16049   .15738   .15437   .15144   .14860   .14584
64............................................................   .18429   .18065   .17712   .17369   .17036   .16714   .16400   .16096   .15800   .15513
65............................................................   .19511   .19135   .18769   .18415   .18070   .17735   .17410   .17094   .16787   .16488
66............................................................   .20645   .20257   .19880   .19513   .19157   .18810   .18473   .18146   .17827   .17517
67............................................................   .21841   .21441   .21052   .20673   .20305   .19947   .19599   .19259   .18929   .18608
68............................................................   .23096   .22685   .22284   .21895   .21515   .21146   .20786   .20436   .20094   .19762
69............................................................   .24409   .23987   .23575   .23175   .22784   .22404   .22033   .21672   .21320   .20976
70............................................................   .25772   .25339   .24918   .24507   .24106   .23715   .23333   .22961   .22598   .22244
71............................................................   .27178   .26735   .26304   .25882   .25471   .25070   .24679   .24296   .23923   .23559
72............................................................   .28622   .28170   .27729   .27298   .26877   .26467   .26065   .25673   .25290   .24915
73............................................................   .30100   .29639   .29189   .28749   .28320   .27899   .27489   .27087   .26694   .26310
74............................................................   .31621   .31152   .30694   .30246   .29807   .29378   .28959   .28548   .28146   .27753
75............................................................   .33195   .32719   .32253   .31797   .31351   .30914   .30486   .30067   .29657   .29255

[[Page 36928]]

 
76............................................................   .34832   .34350   .33877   .33415   .32961   .32517   .32082   .31656   .31238   .30828
77............................................................   .36535   .36047   .35570   .35101   .34642   .34192   .33750   .33317   .32892   .32475
78............................................................   .38302   .37811   .37329   .36856   .36392   .35937   .35490   .35051   .34621   .34198
79............................................................   .40124   .39630   .39145   .38669   .38201   .37742   .37291   .36848   .36413   .35985
80............................................................   .41980   .41485   .40998   .40520   .40050   .39588   .39134   .38688   .38249   .37818
81............................................................   .43854   .43358   .42871   .42392   .41921   .41457   .41001   .40553   .40112   .39678
82............................................................   .45733   .45238   .44752   .44273   .43802   .43338   .42881   .42431   .41989   .41553
83............................................................   .47616   .47123   .46638   .46161   .45690   .45227   .44770   .44320   .43877   .43441
84............................................................   .49519   .49030   .48548   .48073   .47604   .47143   .46688   .46239   .45797   .45361
85............................................................   .51458   .50974   .50496   .50025   .49560   .49102   .48650   .48204   .47763   .47329
86............................................................   .53413   .52935   .52463   .51998   .51538   .51084   .50636   .50194   .49758   .49327
87............................................................   .55351   .54881   .54416   .53957   .53503   .53055   .52613   .52176   .51744   .51317
88............................................................   .57268   .56806   .56349   .55898   .55451   .55010   .54574   .54144   .53718   .53296
89............................................................   .59162   .58710   .58262   .57819   .57382   .56949   .56520   .56097   .55678   .55263
90............................................................   .61030   .60588   .60151   .59718   .59290   .58866   .58447   .58032   .57621   .57214
91............................................................   .62834   .62403   .61977   .61554   .61136   .60722   .60312   .59907   .59505   .59107
92............................................................   .64527   .64107   .63692   .63280   .62872   .62468   .62068   .61672   .61279   .60890
93............................................................   .66107   .65699   .65294   .64893   .64495   .64101   .63711   .63323   .62940   .62559
94............................................................   .67597   .67200   .66806   .66415   .66027   .65643   .65262   .64884   .64509   .64138
95............................................................   .69031   .68645   .68262   .67881   .67504   .67130   .66759   .66390   .66025   .65662
96............................................................   .70396   .70021   .69648   .69279   .68912   .68548   .68186   .67828   .67471   .67118
97............................................................   .71670   .71305   .70943   .70584   .70227   .69872   .69520   .69171   .68824   .68480
98............................................................   .72875   .72521   .72169   .71819   .71472   .71127   .70784   .70444   .70106   .69770
99............................................................   .74065   .73721   .73379   .73040   .72703   .72368   .72035   .71704   .71375   .71048
100...........................................................   .75234   .74901   .74570   .74241   .73914   .73589   .73265   .72944   .72625   .72307
101...........................................................   .76399   .76077   .75757   .75438   .75122   .74807   .74494   .74183   .73873   .73565
102...........................................................   .77552   .77241   .76932   .76625   .76319   .76015   .75712   .75411   .75111   .74813
103...........................................................   .78703   .78404   .78106   .77809   .77514   .77221   .76929   .76638   .76348   .76060
104...........................................................   .79948   .79662   .79377   .79093   .78810   .78528   .78248   .77969   .77691   .77414
105...........................................................   .81159   .80885   .80612   .80340   .80069   .79799   .79530   .79262   .78995   .78729
106...........................................................   .82763   .82506   .82250   .81995   .81741   .81488   .81235   .80983   .80732   .80482
107...........................................................   .84749   .84516   .84283   .84051   .83819   .83587   .83356   .83126   .82896   .82666
108...........................................................   .87999   .87808   .87618   .87428   .87238   .87049   .86859   .86670   .86481   .86293
109...........................................................   .93900   .93800   .93700   .93600   .93500   .93400   .93300   .93200   .93100   .93000
--------------------------------------------------------------------------------------------------------------------------------------------------------

    (f) Effective dates. This section applies after April 30, 1999.


Sec. 1.664-4T  [Removed]

    Par. 8. Section 1.664-4T is removed.

    Par. 9. Section 1.7520-1 is amended by:
    1. Revising paragraph (b)(2).
    2. Revising paragraphs (c)(1) and (c)(2).
    3. Revising paragraph (d).
    The revisions read as follows:


Sec. 1.7520-1  Valuation of annuities, unitrust interests, interests 
for life or terms of years, and remainder or reversionary interests.

* * * * *
    (b) * * *
    (2) Mortality component. The mortality component reflects the 
mortality data most recently available from the United States census. 
As new mortality data becomes available after each decennial census, 
the mortality component described in this section will be revised 
periodically and the revised mortality component tables will be 
published in the regulations at that time. For transactions with 
valuation dates after April 30, 1999, the mortality component table 
(Table 90CM) is contained in Sec. 20.2031-7(d)(7) of this chapter. See 
Sec. 20.2031-7A of this chapter for mortality component tables 
applicable to transactions for which the valuation date falls before 
May 1, 1999.
    (c) * * *
    (1) Regulation sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1999. 
Section 1.642(c)-6(e)(6) contains Table S used for determining the 
present value of a single life remainder interest in a pooled income 
fund as defined in Sec. 1.642(c)-5. See Sec. 1.642(c)-6A for actuarial 
factors for one life applicable to valuation dates before May 1, 1999. 
Section 1.664-4(e)(6) contains Table F (payout factors) and Table D 
(actuarial factors used in determining the present value of a remainder 
interest postponed for a term of years). Section 1.664-4(e)(7) contains 
Table U(1) (unitrust single life remainder factors). These tables are 
used in determining the present value of a remainder interest in a 
charitable remainder unitrust as defined in Sec. 1.664-3. See 
Sec. 1.664-4A for unitrust single life remainder factors applicable to 
valuation dates before May 1, 1999. Section 20.2031-7(d)(6) of this 
chapter contains Table B (actuarial factors used in determining the 
present value of an interest for a term of years), Table K (annuity 
end-of-interval adjustment factors), and Table J (term certain annuity 
beginning-of-interval adjustment factors). Section 20.2031-7(d)(7) of 
this chapter contains Table S (single life remainder factors), and 
Table 90CM (mortality components). These tables are used in determining 
the present value of annuities, life estates, remainders, and 
reversions. See Sec. 20.2031-7A of this chapter for single life 
remainder factors and mortality components applicable to valuation 
dates before May 1, 1999.
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 22 percent for valuation dates after 
April 30, 1999. The following documents are available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402:
    (i) Internal Revenue Service Publication 1457, ``Actuarial Values, 
Book Aleph,'' (7-1999). This publication includes tables of valuation 
factors, as well as examples that show how to compute other valuation 
factors, for determining the present value of annuities, life estates, 
terms of years, remainders, and reversions, measured by one or two 
lives. These factors may also be used in the valuation of interests in 
a charitable remainder annuity trust

[[Page 36929]]

as defined in Sec. 1.664-2 and a pooled income fund as defined in 
Sec. 1.642(c)-5. See Sec. 20.2031-7A of this chapter for publications 
containing tables for valuation dates before May 1, 1999.
    (ii) Internal Revenue Service Publication 1458, ``Actuarial Values, 
Book Beth,'' (7-1999). This publication includes term certain tables 
and tables of one and two life valuation factors for determining the 
present value of remainder interests in a charitable remainder unitrust 
as defined in Sec. 1.664-3. See Sec. 1.664-4A for publications 
containing tables for valuation dates before May 1, 1999.
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (7-1999). This publication includes tables for 
computing depreciation adjustment factors. See Sec. 1.170A-12.
    (d) Effective date. This section applies after April 30, 1989.


Sec. 1.7520-1T  [Removed]

    Par. 10. Section 1.7520-1T is removed.

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

    Par. 11. The authority citation for part 20 is amended by removing 
entries for sections 20.2031-7T and 20.7520-1T to read in part as 
follows:

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


Sec. 20.2031-0  [Amended]

    Par. 12. Section 20.2031-0 is amended by removing the entry for 
Sec. 20.2031-7T from the contents listing.

    Par. 13. Section 20.2031-7 is amended by:
    1. Removing existing paragraphs (c) through (d)(5).
    2. Adding paragraphs (c), (d) heading, and (d)(1) through (d)(5).
    3. Revising the introductory text of paragraph (d)(6).
    4. Adding paragraph (d)(7).
    5. Revising paragraph (e).
    The revisions and additions read as follows:


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

* * * * *
    (c) Actuarial valuations. The present value of annuities, life 
estates, terms of years, remainders, and reversions for estates of 
decedents for which the valuation date of the gross estate is after 
April 30, 1999, is determined under paragraph (d) of this section. The 
present value of annuities, life estates, terms of years, remainders, 
and reversions for estates of decedents for which the valuation date of 
the gross estate is before May 1, 1999, is determined under the 
following sections:

------------------------------------------------------------------------
                Valuation date
-----------------------------------------------  Applicable regulations
               After                  Before
------------------------------------------------------------------------
                                      01-01-52  20.2031-7A(a)
12-31-51..........................    01-01-71  20.2031-7A(b)
12-31-70..........................    12-01-83  20.2031-7A(c)
11-30-83..........................    05-01-89  20.2031-7A(d)
04-30-89..........................    05-01-99  20.2031-7A(e)
------------------------------------------------------------------------

    (d) Actuarial valuations after April 30, 1999--(1) In general. 
Except as otherwise provided in paragraph (b) of this section and 
Sec. 20.7520-3(b) (pertaining to certain limitations on the use of 
prescribed tables), if the valuation date for the gross estate of the 
decedent is after April 30, 1999, the fair market value of annuities, 
life estates, terms of years, remainders, and reversionary interests is 
the present value determined by use of standard or special section 7520 
actuarial factors. These factors are derived by using the appropriate 
section 7520 interest rate and, if applicable, the mortality component 
for the valuation date of the interest that is being valued. 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 Secs. 20.7520-1 through 20.7520-4.
    (2) Specific interests--(i) Charitable remainder trusts. The fair 
market value of a remainder interest in a pooled income fund, as 
defined in Sec. 1.642(c)-5 of this chapter, is its value determined 
under Sec. 1.642(c)-6(e) of this chapter. The fair market value of a 
remainder interest in a charitable remainder annuity trust, as defined 
in Sec. 1.664-2(a) of this chapter, is the present value determined 
under Sec. 1.664-2(c) of this chapter. The fair market value of a 
remainder interest in a charitable remainder unitrust, as defined in 
Sec. 1.664-3 of this chapter, is its present value determined under 
Sec. 1.664-4(e) of this chapter. The fair market value of a life 
interest or term of years in a charitable remainder unitrust is the 
fair market value of the property as of the date of valuation less the 
fair market value of the remainder interest on that date determined 
under Sec. 1.664-4(e)(4) and (5) of this chapter.
    (ii) Ordinary remainder and reversionary interests. If the interest 
to be valued is to take effect after a definite number of years or 
after the death of one individual, the present value of the interest is 
computed by multiplying the value of the property by the appropriate 
remainder interest actuarial factor (that corresponds to the applicable 
section 7520 interest rate and remainder interest period) in Table B 
(for a term certain) or the appropriate Table S (for one measuring 
life), as the case may be. Table B is contained in paragraph (d)(6) of 
this section and Table S (for one measuring life when the valuation 
date is after April 30, 1999) is contained in paragraph (d)(7) of this 
section and in Internal Revenue Service Publication 1457. For 
information about obtaining actuarial factors for other types of 
remainder interests, see paragraph (d)(4) of this section.
    (iii) Ordinary term-of-years and life interests. If the interest to 
be valued is the right of a person to receive the income of certain 
property, or to use certain nonincome-producing property, for a term of 
years or for the life of one individual, the present value of the 
interest is computed by multiplying the value of the property by the 
appropriate term-of-years or life interest actuarial factor (that 
corresponds to the applicable section 7520 interest rate and term-of-
years or life interest period). Internal Revenue Service Publication 
1457 includes actuarial factors for an interest for a term of years in 
Table B and for the life of one individual in Table S (for one 
measuring life when the valuation date is after April 30, 1999). 
However, term-of-years and life interest actuarial factors are not 
included in Table B in paragraph (d)(6) of this section or Table S in 
paragraph (d)(7) of this section. If Internal Revenue Service 
Publication 1457 (or any other reliable source of term-of-years and 
life interest actuarial factors) is not conveniently available, an 
actuarial factor for the interest may be derived mathematically. This 
actuarial factor may be derived by subtracting the correlative 
remainder factor (that corresponds to the applicable section 7520 
interest rate and the term of years or the life) in Table B (for a term 
of years) in paragraph (d)(6) of this section or in Table S (for the 
life of one individual) in paragraph (d)(7) of this section, as the 
case may be, from 1.000000. For information about obtaining actuarial 
factors for other types of term-of-years and life interests, see 
paragraph (d)(4) of this section.
    (iv) Annuities. (A) If the interest to be valued is the right of a 
person to receive an annuity that is payable at the end of each year 
for a term of years or for the life of one individual, the present 
value of the interest is computed by multiplying the aggregate amount 
payable annually by the appropriate annuity actuarial factor (that 
corresponds to the applicable section 7520 interest rate and annuity 
period). Internal Revenue Publication 1457

[[Page 36930]]

includes actuarial factors in Table B (for an annuity payable for a 
term of years) and in Table S (for an annuity payable for the life of 
one individual when the valuation date is after April 30, 1999). 
However, annuity actuarial factors are not included in Table B in 
paragraph (d)(6) of this section or Table S in paragraph (d)(7) of this 
section. If Internal Revenue Service Publication 1457 (or any other 
reliable source of annuity actuarial factors) is not conveniently 
available, a required annuity factor for a term of years or for one 
life may be mathematically derived. This annuity factor may be derived 
by subtracting the applicable remainder factor (that corresponds to the 
applicable section 7520 interest rate and annuity period) in Table B 
(in the case of a term-of-years annuity) in paragraph (d)(6) of this 
section or in Table S (in the case of a one-life annuity when the 
valuation date is after April 30, 1999) in paragraph (d)(7) of this 
section, as the case may be, from 1.000000 and then dividing the result 
by the applicable section 7520 interest rate expressed as a decimal 
number.
    (B) If the annuity is payable at the end of semiannual, quarterly, 
monthly, or weekly periods, the product obtained by multiplying the 
annuity factor by the aggregate amount payable annually is then 
multiplied by the applicable adjustment factor as contained in Table K 
in paragraph (d)(6) of this section for payments made at the end of the 
specified periods. The provisions of this paragraph (d)(2)(iv)(B) are 
illustrated by the following example:

    Example. At the time of the decedent's death, the survivor/
annuitant, age 72, is entitled to receive an annuity of $15,000 a 
year for life payable in equal monthly installments at the end of 
each period. The section 7520 rate for the month in which the 
decedent died is 9.6 percent. Under Table S in paragraph (d)(7) of 
this section, the remainder factor at 9.6 percent for an individual 
aged 72 is .38438. By converting the remainder factor to an annuity 
factor, as described above, the annuity factor at 9.6 percent for an 
individual aged 72 is 6.4127 (1.00000 minus .38438, divided by 
.096). Under Table K in paragraph (d)(6) of this section, the 
adjustment factor under the column for payments made at the end of 
each monthly period at the rate of 9.6 percent is 1.0433. The 
aggregate annual amount, $15,000, is multiplied by the factor 6.4127 
and the product multiplied by 1.0433. The present value of the 
annuity at the date of the decedent's death is, therefore, 
$100,355.55 ($15,000  x  6.4127  x  1.0433).

    (C) If an annuity is payable at the beginning of annual, 
semiannual, quarterly, monthly, or weekly periods for a term of years, 
the value of the annuity is computed by multiplying the aggregate 
amount payable annually by the annuity factor described in paragraph 
(d)(2)(iv)(A) of this section; and the product so obtained is then 
multiplied by the adjustment factor in Table J in paragraph (d)(6) of 
this section at the appropriate interest rate component for payments 
made at the beginning of specified periods. If an annuity is payable at 
the beginning of annual, semiannual, quarterly, monthly, or weekly 
periods for one or more lives, the value of the annuity is the sum of 
the first payment plus the present value of a similar annuity, the 
first payment of which is not to be made until the end of the payment 
period, determined as provided in this paragraph (d)(2)(iv).
    (v) Annuity and unitrust interests for a term of years or until the 
prior death of an individual. See Sec. 25.2512-5(d)(2)(v) of this 
chapter for examples explaining how to compute the present value of an 
annuity or unitrust interest that is payable until the earlier of the 
lapse of a specific number of years or the death of an individual.
    (3) Transitional rule. (i) If a decedent dies after April 30, 1999, 
and if on May 1, 1999, the decedent was mentally incompetent so that 
the disposition of the decedent's property could not be changed, and 
the decedent dies without having regained competency to dispose of the 
decedent's property or dies within 90 days of the date on which the 
decedent first regains competency, the fair market value of annuities, 
life estates, terms for years, remainders, and reversions included in 
the gross estate of the decedent is their present value determined 
either under this section or under the corresponding section applicable 
at the time the decedent became mentally incompetent, at the option of 
the decedent's executor. For example, see Sec. 20.2031-7A(e)(2).
    (ii) If a decedent dies after April 30, 1999, and before July 1, 
1999, the fair market value of annuities, life estates, remainders, and 
reversions based on one or more measuring lives included in the gross 
estate of the decedent is their present value determined under this 
section by use of the section 7520 interest rate for the month in which 
the valuation date occurs (see Secs. 20.7520-1(b) and 20.7520-2(a)(2)) 
and the appropriate actuarial tables under either paragraph (d)(7) of 
this section or Sec. 20.2031-7A(e)(4), at the option of the decedent's 
executor.
    (iii) For purposes of paragraphs (d)(3)(i) and (ii) of this 
section, where the decedent's executor is given the option to use the 
appropriate actuarial tables under either paragraph (d)(7) of this 
section or Sec. 20.2031-7A(e)(4), the decedent's executor must use the 
same actuarial table with respect to each individual transaction and 
with respect to all transfers occurring on the valuation date (for 
example, gift and income tax charitable deductions with respect to the 
same transfer must be determined based on the same tables, and all 
assets includible in the gross estate and/or estate tax deductions 
claimed must be valued based on the same tables).
    (4) Publications and actuarial computations by the Internal Revenue 
Service. Many standard actuarial factors not included in paragraphs 
(d)(6) or (d)(7) of this section are included in Internal Revenue 
Service Publication 1457, ``Actuarial Values, Book Aleph,'' (7-1999). 
Publication 1457 also includes examples that illustrate how to compute 
many special factors for more unusual situations. A copy of this 
publication is available for purchase from the Superintendent of 
Documents, United States Government Printing Office, Washington, DC 
20402. See Sec. 20.2031-7A for publications containing actuarial 
factors for valuing interests for which the valuation date is before 
May 1, 1999. If a special factor is required in the case of an actual 
decedent, the Internal Revenue Service may furnish the factor to the 
executor upon a request for a ruling. The request for a ruling must be 
accompanied by a recitation of the facts including a statement of the 
date of birth for each measuring life, the date of the decedent's 
death, any other applicable dates, and a copy of the will, trust, or 
other relevant documents. A request for a ruling must comply with the 
instructions for requesting a ruling published periodically in the 
Internal Revenue Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) 
of this chapter) and include payment of the required user fee.
    (5) Examples. The provisions of this section are illustrated by the 
following examples:

    Example 1. Remainder payable at an individual's death. The 
decedent, or the decedent's estate, was entitled to receive certain 
property worth $50,000 upon the death of A, to whom the income was 
bequeathed for life. At the time of the decedent's death, A was 47 
years 5 months old. In the month in which the decedent died, the 
section 7520 rate was 9.8 percent. Under Table S in paragraph (d)(7) 
of this section, the remainder factor at 9.8 percent for determining 
the present value of the remainder interest due at the death of a 
person aged 47, the number of years nearest A's actual age at the 
decedent's death, is .10317. The present value of the remainder 
interest at the date of the decedent's death is, therefore, 
$5,158.50 ($50,000  x  .10317).
    Example 2. Income payable for an individual's life. A's parent 
bequeathed an

[[Page 36931]]

income interest in property to A for life, with the remainder 
interest passing to B at A's death. At the time of the parent's 
death, the value of the property was $50,000 and A was 30 years 10 
months old. The section 7520 rate at the time of the parent's death 
was 10.2 percent. Under Table S in paragraph (d)(7) of this section, 
the remainder factor at 10.2 percent for determining the present 
value of the remainder interest due at the death of a person aged 
31, the number of years closest to A's age at the decedent's death, 
is .03583. Converting this remainder factor to an income factor, as 
described in paragraph (d)(2)(iii) of this section, the factor for 
determining the present value of an income interest for the life of 
a person aged 31 is .96417. The present value of A's interest at the 
time of the parent's death is, therefore, $48,208.50 ($50,000  x  
.96417).
    Example 3. Annuity payable for an individual's life. A purchased 
an annuity for the benefit of both A and B. Under the terms of the 
annuity contract, at A's death, a survivor annuity of $10,000 a year 
payable in equal semiannual installments made at the end of each 
interval is payable to B for life. At A's death, B was 45 years 7 
months old. Also, at A's death, the section 7520 rate was 9.6 
percent. Under Table S in paragraph (d)(7) of this section, the 
factor at 9.6 percent for determining the present value of the 
remainder interest at the death of a person age 46 (the number of 
years nearest B's actual age) is .10013. By converting the factor to 
an annuity factor, as described in paragraph (d)(2)(iv)(A) of this 
section, the factor for the present value of an annuity payable 
until the death of a person age 46 is 9.3736 (1.00000 minus .10013, 
divided by .096). The adjustment factor from Table K in paragraph 
(d)(6) of this section at an interest rate of 9.6 percent for 
semiannual annuity payments made at the end of the period is 1.0235. 
The present value of the annuity at the date of A's death is, 
therefore, $95,938.80 ($10,000  x  9.3736  x  1.0235).
    Example 4. Annuity payable for a term of years. The decedent, or 
the decedent's estate, was entitled to receive an annuity of $10,000 
a year payable in equal quarterly installments at the end of each 
quarter throughout a term certain. At the time of the decedent's 
death, the section 7520 rate was 9.8 percent. A quarterly payment 
had just been made prior to the decedent's death and payments were 
to continue for 5 more years. Under Table B in paragraph (d)(6) of 
this section for the interest rate of 9.8 percent, the factor for 
the present value of a remainder interest due after a term of 5 
years is .626597. Converting the factor to an annuity factor, as 
described in paragraph (d)(2)(iv)(A) of this section, the factor for 
the present value of an annuity for a term of 5 years is 3.8102. The 
adjustment factor from Table K in paragraph (d)(6) of this section 
at an interest rate of 9.8 percent for quarterly annuity payments 
made at the end of the period is 1.0360. The present value of the 
annuity is, therefore, $39,473.67 ($10,000  x  3.8102  x  1.0360).

    (6) Actuarial Table B, Table J, and Table K where the valuation 
date is after April 30, 1989. Except as provided in Sec. 20.7520-3(b) 
(pertaining to certain limitations on prescribed tables), for 
determination of the present value of an interest that is dependent on 
a term of years, the tables in this paragraph (d)(6) must be used in 
the application of the provisions of this section when the section 7520 
interest rate component is between 4.2 and 14 percent.
* * * * *
    (7) Actuarial Table S and Table 90CM where the valuation date is 
after April 30, 1999. Except as provided in Sec. 20.7520-2(b) 
(pertaining to certain limitations on the use of prescribed tables), 
for determination of the present value of an interest that is dependent 
on the termination of a life interest, Table 90CM and Table S, single 
life remainder factors applicable where the valuation date is after 
April 30, 1999, contained in this paragraph (d)(7) (or Table S and 
Table 80CNSMT contained in Sec. 20.2031-7A(e)(4) for valuation dates 
after April 30, 1989, and before May 1, 1999) and Table J and Table K 
contained in paragraph (d)(6) of this section, must be used in the 
application of the provisions of this section when the section 7520 
interest rate component is between 4.2 and 14 percent.

    Table S.--Based on Life Table 90CM Single Life Remainder Factors
                     Applicable After April 30, 1999
                             [Interest rate]
 
 


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 4.2%     4.4%     4.6%     4.8%     5.0%     5.2%     5.4%     5.6%     5.8%     6.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .06752   .06130   .05586   .05109   .04691   .04322   .03998   .03711   .03458   .03233
1.............................................................   .06137   .05495   .04932   .04438   .04003   .03620   .03283   .02985   .02721   .02487
2.............................................................   .06325   .05667   .05088   .04580   .04132   .03737   .03388   .03079   .02806   .02563
3.............................................................   .06545   .05869   .05275   .04752   .04291   .03883   .03523   .03203   .02920   .02668
4.............................................................   .06784   .06092   .05482   .04944   .04469   .04048   .03676   .03346   .03052   .02791
5.............................................................   .07040   .06331   .05705   .05152   .04662   .04229   .03845   .03503   .03199   .02928
6.............................................................   .07310   .06583   .05941   .05372   .04869   .04422   .04025   .03672   .03357   .03076
7.............................................................   .07594   .06849   .06191   .05607   .05089   .04628   .04219   .03854   .03528   .03236
8.............................................................   .07891   .07129   .06453   .05853   .05321   .04846   .04424   .04046   .03709   .03407
9.............................................................   .08203   .07423   .06731   .06115   .05567   .05079   .04643   .04253   .03904   .03592
10............................................................   .08532   .07734   .07024   .06392   .05829   .05326   .04877   .04474   .04114   .03790
11............................................................   .08875   .08059   .07331   .06683   .06104   .05587   .05124   .04709   .04336   .04002
12............................................................   .09233   .08398   .07653   .06989   .06394   .05862   .05385   .04957   .04572   .04226
13............................................................   .09601   .08748   .07985   .07304   .06693   .06146   .05655   .05214   .04816   .04458
14............................................................   .09974   .09102   .08322   .07624   .06997   .06435   .05929   .05474   .05064   .04694
15............................................................   .10350   .09460   .08661   .07946   .07303   .06725   .06204   .05735   .05312   .04930
16............................................................   .10728   .09818   .09001   .08268   .07608   .07014   .06479   .05996   .05559   .05164
17............................................................   .11108   .10179   .09344   .08592   .07916   .07306   .06755   .06257   .05807   .05399
18............................................................   .11494   .10545   .09691   .08921   .08227   .07601   .07034   .06521   .06057   .05636
19............................................................   .11889   .10921   .10047   .09259   .08548   .07904   .07322   .06794   .06315   .05880
20............................................................   .12298   .11310   .10417   .09610   .08881   .08220   .07622   .07078   .06584   .06135
21............................................................   .12722   .11713   .10801   .09976   .09228   .08550   .07935   .07375   .06866   .06403
22............................................................   .13159   .12130   .11199   .10354   .09588   .08893   .08260   .07685   .07160   .06682
23............................................................   .13613   .12563   .11612   .10748   .09964   .09250   .08601   .08009   .07468   .06975
24............................................................   .14084   .13014   .12043   .11160   .10357   .09625   .08958   .08349   .07793   .07284
25............................................................   .14574   .13484   .12493   .11591   .10768   .10018   .09334   .08708   .08135   .07611
26............................................................   .15084   .13974   .12963   .12041   .11199   .10431   .09728   .09085   .08496   .07956
27............................................................   .15615   .14485   .13454   .12513   .11652   .10865   .10144   .09484   .08878   .08322
28............................................................   .16166   .15016   .13965   .13004   .12124   .11319   .10580   .09901   .09279   .08706
29............................................................   .16737   .15567   .14497   .13516   .12617   .11792   .11035   .10339   .09699   .09109
30............................................................   .17328   .16138   .15048   .14047   .13129   .12286   .11510   .10796   .10138   .09532
31............................................................   .17938   .16728   .15618   .14599   .13661   .12799   .12004   .11272   .10597   .09974
32............................................................   .18568   .17339   .16210   .15171   .14214   .13333   .12520   .11769   .11076   .10435

[[Page 36932]]

 
33............................................................   .19220   .17972   .16824   .15766   .14790   .13889   .13058   .12289   .11578   .10920
34............................................................   .19894   .18627   .17460   .16383   .15388   .14468   .13618   .12831   .12102   .11426
35............................................................   .20592   .19307   .18121   .17025   .16011   .15073   .14204   .13399   .12652   .11958
36............................................................   .21312   .20010   .18805   .17691   .16658   .15701   .14814   .13990   .13225   .12514
37............................................................   .22057   .20737   .19514   .18382   .17331   .16356   .15450   .14608   .13825   .13096
38............................................................   .22827   .21490   .20251   .19100   .18031   .17038   .16113   .15253   .14452   .13705
39............................................................   .23623   .22270   .21013   .19845   .18759   .17747   .16805   .15927   .15108   .14344
40............................................................   .24446   .23078   .21805   .20620   .19516   .18487   .17527   .16631   .15795   .15013
41............................................................   .25298   .23915   .22626   .21425   .20305   .19259   .18282   .17368   .16514   .15715
42............................................................   .26178   .24782   .23478   .22262   .21125   .20062   .19069   .18138   .17267   .16450
43............................................................   .27087   .25678   .24360   .23129   .21977   .20898   .19888   .18941   .18053   .17220
44............................................................   .28025   .26603   .25273   .24027   .22860   .21766   .20740   .19777   .18873   .18023
45............................................................   .28987   .27555   .26212   .24953   .23772   .22664   .21622   .20644   .19724   .18858
46............................................................   .29976   .28533   .27179   .25908   .24714   .23591   .22536   .21542   .20606   .19725
47............................................................   .30987   .29535   .28171   .26889   .25682   .24546   .23476   .22468   .21518   .20621
48............................................................   .32023   .30563   .29190   .27897   .26678   .25530   .24447   .23425   .22460   .21549
49............................................................   .33082   .31615   .30234   .28931   .27702   .26543   .25447   .24412   .23434   .22509
50............................................................   .34166   .32694   .31306   .29995   .28756   .27586   .26479   .25432   .24441   .23502
51............................................................   .35274   .33798   .32404   .31085   .29838   .28658   .27541   .26482   .25479   .24528
52............................................................   .36402   .34924   .33525   .32200   .30946   .29757   .28630   .27561   .26547   .25584
53............................................................   .37550   .36070   .34668   .33339   .32078   .30882   .29746   .28667   .27643   .26669
54............................................................   .38717   .37237   .35833   .34500   .33234   .32031   .30888   .29801   .28766   .27782
55............................................................   .39903   .38424   .37019   .35683   .34413   .33205   .32056   .30961   .29918   .28925
56............................................................   .41108   .39631   .38227   .36890   .35617   .34405   .33250   .32149   .31099   .30097
57............................................................   .42330   .40857   .39455   .38118   .36844   .35629   .34469   .33363   .32306   .31297
58............................................................   .43566   .42098   .40699   .39364   .38089   .36873   .35710   .34600   .33538   .32522
59............................................................   .44811   .43351   .41956   .40623   .39350   .38133   .36968   .35855   .34789   .33768
60............................................................   .46066   .44613   .43224   .41896   .40624   .39408   .38243   .37127   .36058   .35033
61............................................................   .47330   .45887   .44505   .43182   .41914   .40699   .39535   .38418   .37347   .36318
62............................................................   .48608   .47175   .45802   .44485   .43223   .42011   .40848   .39732   .38660   .37629
63............................................................   .49898   .48478   .47115   .45807   .44550   .43343   .42184   .41069   .39997   .38966
64............................................................   .51200   .49793   .48442   .47143   .45895   .44694   .43539   .42427   .41357   .40326
65............................................................   .52512   .51121   .49782   .48495   .47255   .46062   .44912   .43805   .42738   .41709
66............................................................   .53835   .52461   .51137   .49862   .48634   .47449   .46307   .45206   .44143   .43118
67............................................................   .55174   .53818   .52511   .51250   .50034   .48860   .47727   .46633   .45576   .44556
68............................................................   .56524   .55188   .53899   .52654   .51452   .50291   .49168   .48083   .47034   .46020
69............................................................   .57882   .56568   .55299   .54071   .52885   .51737   .50627   .49552   .48513   .47506
70............................................................   .59242   .57951   .56703   .55495   .54325   .53193   .52096   .51034   .50004   .49007
71............................................................   .60598   .59332   .58106   .56918   .55767   .54651   .53569   .52520   .51503   .50516
72............................................................   .61948   .60707   .59504   .58338   .57206   .56108   .55043   .54009   .53004   .52029
73............................................................   .63287   .62073   .60895   .59751   .58640   .57561   .56513   .55495   .54505   .53543
74............................................................   .64621   .63435   .62282   .61162   .60073   .59015   .57985   .56984   .56009   .55061
75............................................................   .65953   .64796   .63671   .62575   .61510   .60473   .59463   .58480   .57523   .56591
76............................................................   .67287   .66160   .65063   .63995   .62954   .61940   .60952   .59989   .59050   .58135
77............................................................   .68622   .67526   .66459   .65419   .64404   .63415   .62450   .61509   .60590   .59694
78............................................................   .69954   .68892   .67856   .66845   .65858   .64895   .63955   .63036   .62140   .61264
79............................................................   .71278   .70250   .69246   .68265   .67308   .66372   .65457   .64563   .63690   .62836
80............................................................   .72581   .71588   .70618   .69668   .68740   .67833   .66945   .66077   .65227   .64396
81............................................................   .73857   .72899   .71962   .71045   .70147   .69268   .68408   .67566   .66741   .65933
82............................................................   .75101   .74178   .73274   .72389   .71522   .70672   .69840   .69024   .68225   .67441
83............................................................   .76311   .75423   .74553   .73700   .72864   .72044   .71240   .70451   .69678   .68919
84............................................................   .77497   .76645   .75809   .74988   .74183   .73393   .72618   .71857   .71110   .70377
85............................................................   .78665   .77848   .77047   .76260   .75487   .74728   .73982   .73250   .72530   .71823
86............................................................   .79805   .79025   .78258   .77504   .76764   .76036   .75320   .74617   .73925   .73245
87............................................................   .80904   .80159   .79427   .78706   .77998   .77301   .76615   .75940   .75277   .74624
88............................................................   .81962   .81251   .80552   .79865   .79188   .78521   .77865   .77220   .76584   .75958
89............................................................   .82978   .82302   .81636   .80980   .80335   .79699   .79072   .78455   .77847   .77248
90............................................................   .83952   .83309   .82676   .82052   .81437   .80831   .80234   .79645   .79064   .78492
91............................................................   .84870   .84260   .83658   .83064   .82479   .81902   .81332   .80771   .80217   .79671
92............................................................   .85716   .85136   .84563   .83998   .83441   .82891   .82348   .81812   .81283   .80761
93............................................................   .86494   .85942   .85396   .84858   .84326   .83801   .83283   .82771   .82266   .81767
94............................................................   .87216   .86690   .86170   .85657   .85149   .84648   .84153   .83664   .83181   .82704
95............................................................   .87898   .87397   .86902   .86412   .85928   .85450   .84977   .84510   .84049   .83592
96............................................................   .88537   .88060   .87587   .87121   .86659   .86203   .85751   .85305   .84864   .84427
97............................................................   .89127   .88672   .88221   .87775   .87335   .86898   .86467   .86040   .85618   .85200
98............................................................   .89680   .89245   .88815   .88389   .87968   .87551   .87138   .86730   .86326   .85926
99............................................................   .90217   .89803   .89393   .88987   .88585   .88187   .87793   .87402   .87016   .86633
100...........................................................   .90738   .90344   .89953   .89567   .89183   .88804   .88428   .88056   .87687   .87322
101...........................................................   .91250   .90876   .90504   .90137   .89772   .89412   .89054   .88699   .88348   .88000
102...........................................................   .91751   .91396   .91045   .90696   .90350   .90007   .89668   .89331   .88997   .88666
103...........................................................   .92247   .91912   .91579   .91249   .90922   .90598   .90276   .89957   .89640   .89326
104...........................................................   .92775   .92460   .92148   .91839   .91532   .91227   .90924   .90624   .90326   .90031
105...........................................................   .93290   .92996   .92704   .92415   .92127   .91841   .91558   .91276   .90997   .90719
106...........................................................   .93948   .93680   .93415   .93151   .92889   .92628   .92370   .92113   .91857   .91604

[[Page 36933]]

 
107...........................................................   .94739   .94504   .94271   .94039   .93808   .93579   .93351   .93124   .92899   .92675
108...........................................................   .95950   .95767   .95585   .95404   .95224   .95045   .94867   .94689   .94512   .94336
109...........................................................   .97985   .97893   .97801   .97710   .97619   .97529   .97438   .97348   .97259   .97170


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 6.2%     6.4%     6.6%     6.8%     7.0%     7.2%     7.4%     7.6%     7.8%     8.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .03034   .02857   .02700   .02559   .02433   .02321   .02220   .02129   .02047   .01973
1.............................................................   .02279   .02094   .01929   .01782   .01650   .01533   .01427   .01331   .01246   .01168
2.............................................................   .02347   .02155   .01983   .01829   .01692   .01569   .01458   .01358   .01268   .01187
3.............................................................   .02444   .02243   .02065   .01905   .01761   .01632   .01516   .01412   .01317   .01232
4.............................................................   .02558   .02349   .02163   .01996   .01846   .01712   .01590   .01481   .01382   .01292
5.............................................................   .02686   .02469   .02275   .02101   .01945   .01804   .01677   .01562   .01458   .01364
6.............................................................   .02825   .02600   .02398   .02217   .02053   .01906   .01773   .01653   .01544   .01445
7.............................................................   .02976   .02742   .02532   .02343   .02172   .02019   .01880   .01754   .01640   .01536
8.............................................................   .03137   .02894   .02675   .02479   .02301   .02140   .01995   .01864   .01744   .01635
9.............................................................   .03311   .03059   .02832   .02627   .02442   .02274   .02122   .01985   .01859   .01745
10............................................................   .03499   .03237   .03001   .02788   .02595   .02420   .02262   .02118   .01987   .01867
11............................................................   .03700   .03428   .03183   .02961   .02760   .02578   .02413   .02262   .02125   .02000
12............................................................   .03913   .03632   .03377   .03146   .02937   .02748   .02575   .02418   .02275   .02144
13............................................................   .04135   .03843   .03579   .03339   .03122   .02924   .02744   .02580   .02431   .02294
14............................................................   .04359   .04057   .03783   .03534   .03308   .03102   .02915   .02744   .02587   .02444
15............................................................   .04584   .04270   .03986   .03728   .03493   .03279   .03083   .02905   .02742   .02593
16............................................................   .04806   .04482   .04187   .03919   .03674   .03452   .03248   .03063   .02892   .02736
17............................................................   .05029   .04692   .04387   .04108   .03855   .03623   .03411   .03218   .03040   .02877
18............................................................   .05253   .04905   .04588   .04299   .04036   .03795   .03574   .03373   .03187   .03017
19............................................................   .05484   .05124   .04796   .04496   .04222   .03972   .03742   .03532   .03339   .03161
20............................................................   .05726   .05354   .05013   .04702   .04418   .04158   .03919   .03700   .03498   .03313
21............................................................   .05980   .05595   .05242   .04920   .04625   .04354   .04105   .03877   .03667   .03473
22............................................................   .06246   .05847   .05482   .05147   .04841   .04559   .04301   .04063   .03844   .03642
23............................................................   .06524   .06112   .05734   .05387   .05069   .04777   .04508   .04260   .04032   .03821
24............................................................   .06819   .06392   .06001   .05642   .05312   .05008   .04728   .04470   .04232   .04012
25............................................................   .07131   .06690   .06285   .05913   .05570   .05255   .04964   .04695   .04447   .04218
26............................................................   .07460   .07005   .06586   .06200   .05845   .05518   .05215   .04936   .04677   .04438
27............................................................   .07810   .07340   .06907   .06508   .06140   .05800   .05485   .05195   .04925   .04676
28............................................................   .08179   .07693   .07246   .06833   .06451   .06098   .05772   .05469   .05189   .04929
29............................................................   .08566   .08065   .07603   .07176   .06780   .06414   .06075   .05761   .05469   .05198
30............................................................   .08973   .08456   .07978   .07536   .07127   .06748   .06396   .06069   .05766   .05483
31............................................................   .09398   .08865   .08372   .07915   .07491   .07098   .06733   .06394   .06078   .05785
32............................................................   .09843   .09294   .08785   .08313   .07875   .07468   .07089   .06737   .06409   .06103
33............................................................   .10310   .09745   .09220   .08732   .08279   .07858   .07466   .07100   .06759   .06441
34............................................................   .10799   .10217   .09676   .09173   .08705   .08269   .07862   .07483   .07129   .06798
35............................................................   .11314   .10715   .10157   .09638   .09155   .08704   .08283   .07890   .07522   .07179
36............................................................   .11852   .11236   .10662   .10127   .09628   .09162   .08726   .08319   .07938   .07581
37............................................................   .12416   .11783   .11193   .10641   .10126   .09645   .09194   .08772   .08377   .08006
38............................................................   .13009   .12359   .11751   .11183   .10652   .10155   .09689   .09253   .08843   .08459
39............................................................   .13629   .12962   .12338   .11753   .11206   .10693   .10212   .09761   .09337   .08938
40............................................................   .14281   .13597   .12955   .12355   .11791   .11262   .10766   .10299   .09860   .09447
41............................................................   .14966   .14264   .13606   .12989   .12409   .11864   .11352   .10870   .10417   .09989
42............................................................   .15685   .14966   .14291   .13657   .13061   .12500   .11972   .11475   .11006   .10564
43............................................................   .16437   .15702   .15010   .14360   .13747   .13171   .12627   .12115   .11631   .11174
44............................................................   .17224   .16472   .15764   .15098   .14469   .13876   .13317   .12789   .12290   .11819
45............................................................   .18042   .17274   .16550   .15867   .15223   .14615   .14040   .13496   .12982   .12496
46............................................................   .18893   .18110   .17370   .16671   .16011   .15387   .14796   .14238   .13708   .13207
47............................................................   .19775   .18975   .18220   .17505   .16830   .16190   .15584   .15010   .14466   .13950
48............................................................   .20688   .19873   .19102   .18373   .17682   .17027   .16406   .15817   .15258   .14727
49............................................................   .21633   .20804   .20018   .19274   .18568   .17898   .17262   .16658   .16084   .15539
50............................................................   .22612   .21769   .20969   .20210   .19490   .18805   .18155   .17536   .16948   .16388
51............................................................   .23625   .22769   .21955   .21182   .20448   .19749   .19084   .18452   .17849   .17275
52............................................................   .24669   .23799   .22973   .22186   .21438   .20726   .20047   .19400   .18784   .18196
53............................................................   .25742   .24861   .24022   .23222   .22461   .21735   .21043   .20383   .19753   .19151
54............................................................   .26845   .25952   .25101   .24290   .23516   .22777   .22072   .21399   .20756   .20140
55............................................................   .27978   .27074   .26212   .25389   .24604   .23853   .23136   .22450   .21793   .21166
56............................................................   .29140   .28227   .27355   .26522   .25725   .24963   .24233   .23535   .22867   .22227
57............................................................   .30333   .29411   .28529   .27686   .26879   .26106   .25365   .24656   .23976   .23324
58............................................................   .31551   .30621   .29731   .28878   .28061   .27278   .26528   .25807   .25116   .24453
59............................................................   .32790   .31854   .30956   .30095   .29269   .28477   .27716   .26986   .26284   .25610
60............................................................   .34050   .33107   .32202   .31334   .30500   .29699   .28929   .28190   .27478   .26794
61............................................................   .35331   .34384   .33473   .32598   .31757   .30948   .30170   .29422   .28701   .28007
62............................................................   .36639   .35688   .34772   .33892   .33044   .32229   .31443   .30687   .29958   .29255
63............................................................   .37974   .37020   .36101   .35216   .34363   .33542   .32750   .31986   .31250   .30539
64............................................................   .39334   .38378   .37456   .36568   .35711   .34884   .34087   .33317   .32574   .31857
65............................................................   .40718   .39761   .38838   .37947   .37087   .36257   .35455   .34681   .33932   .33208
66............................................................   .42128   .41172   .40249   .39357   .38496   .37663   .36858   .36079   .35326   .34597
67............................................................   .43569   .42616   .41694   .40803   .39941   .39107   .38299   .37518   .36761   .36028

[[Page 36934]]

 
68............................................................   .45038   .44089   .43170   .42281   .41419   .40585   .39777   .38994   .38235   .37499
69............................................................   .46531   .45587   .44672   .43786   .42927   .42094   .41286   .40503   .39743   .39006
70............................................................   .48040   .47103   .46194   .45312   .44456   .43626   .42820   .42038   .41278   .40540
71............................................................   .49558   .48629   .47727   .46851   .46000   .45174   .44371   .43591   .42832   .42095
72............................................................   .51082   .50162   .49268   .48399   .47554   .46733   .45934   .45157   .44401   .43666
73............................................................   .52607   .51697   .50813   .49952   .49114   .48299   .47506   .46733   .45981   .45249
74............................................................   .54139   .53241   .52367   .51515   .50686   .49879   .49092   .48325   .47578   .46849
75............................................................   .55683   .54798   .53936   .53095   .52276   .51477   .50698   .49938   .49197   .48474
76............................................................   .57243   .56373   .55524   .54696   .53888   .53100   .52330   .51579   .50846   .50130
77............................................................   .58819   .57965   .57132   .56318   .55523   .54747   .53988   .53247   .52523   .51815
78............................................................   .60408   .59572   .58755   .57957   .57177   .56414   .55668   .54939   .54225   .53527
79............................................................   .62001   .61184   .60385   .59604   .58840   .58092   .57360   .56644   .55943   .55256
80............................................................   .63582   .62786   .62007   .61244   .60497   .59765   .59048   .58347   .57659   .56985
81............................................................   .65142   .64367   .63608   .62864   .62135   .61421   .60721   .60034   .59361   .58701
82............................................................   .66673   .65920   .65182   .64458   .63748   .63052   .62368   .61698   .61041   .60395
83............................................................   .68175   .67444   .66728   .66024   .65334   .64656   .63991   .63338   .62696   .62066
84............................................................   .69657   .68950   .68256   .67574   .66904   .66246   .65599   .64964   .64340   .63727
85............................................................   .71128   .70446   .69775   .69116   .68467   .67830   .67204   .66587   .65982   .65386
86............................................................   .72576   .71919   .71272   .70636   .70010   .69394   .68789   .68193   .67606   .67029
87............................................................   .73981   .73349   .72726   .72114   .71511   .70917   .70333   .69757   .69190   .68632
88............................................................   .75342   .74735   .74137   .73548   .72968   .72396   .71833   .71279   .70732   .70194
89............................................................   .76658   .76076   .75503   .74938   .74381   .73832   .73290   .72757   .72231   .71712
90............................................................   .77928   .77371   .76823   .76281   .75748   .75221   .74702   .74190   .73684   .73186
91............................................................   .79131   .78600   .78075   .77557   .77046   .76542   .76044   .75553   .75068   .74589
92............................................................   .80246   .79737   .79235   .78740   .78250   .77767   .77290   .76818   .76353   .75893
93............................................................   .81274   .80788   .80307   .79832   .79363   .78899   .78441   .77989   .77542   .77100
94............................................................   .82232   .81766   .81306   .80850   .80401   .79956   .79517   .79082   .78653   .78228
95............................................................   .83141   .82695   .82254   .81818   .81387   .80961   .80539   .80122   .79710   .79302
96............................................................   .83996   .83569   .83147   .82729   .82316   .81907   .81503   .81103   .80707   .80315
97............................................................   .84787   .84378   .83973   .83573   .83176   .82784   .82396   .82012   .81632   .81255
98............................................................   .85530   .85138   .84750   .84366   .83985   .83609   .83236   .82867   .82502   .82140
99............................................................   .86255   .85880   .85508   .85140   .84776   .84415   .84057   .83703   .83353   .83005
100...........................................................   .86960   .86601   .86246   .85894   .85546   .85200   .84858   .84519   .84183   .83849
101...........................................................   .87655   .87313   .86974   .86638   .86305   .85975   .85648   .85324   .85003   .84684
102...........................................................   .88338   .88012   .87689   .87369   .87052   .86738   .86426   .86116   .85809   .85505
103...........................................................   .89015   .88706   .88399   .88095   .87793   .87494   .87197   .86903   .86611   .86321
104...........................................................   .89737   .89446   .89157   .88871   .88586   .88304   .88024   .87745   .87469   .87195
105...........................................................   .90443   .90170   .89898   .89628   .89360   .89094   .88830   .88568   .88307   .88049
106...........................................................   .91351   .91101   .90852   .90605   .90359   .90115   .89873   .89632   .89392   .89154
107...........................................................   .92452   .92230   .92010   .91791   .91573   .91356   .91141   .90927   .90714   .90502
108...........................................................   .94161   .93987   .93814   .93641   .93469   .93298   .93128   .92958   .92790   .92622
109...........................................................   .97081   .96992   .96904   .96816   .96729   .96642   .96555   .96468   .96382   .96296


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                 8.2%     8.4%     8.6%     8.8%     9.0%     9.2%     9.4%     9.6%     9.8%    10.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01906   .01845   .01790   .01740   .01694   .01652   .01613   .01578   .01546   .01516
1.............................................................   .01098   .01034   .00977   .00924   .00876   .00833   .00793   .00756   .00722   .00691
2.............................................................   .01113   .01046   .00986   .00930   .00880   .00834   .00791   .00753   .00717   .00684
3.............................................................   .01155   .01084   .01020   .00962   .00909   .00860   .00816   .00775   .00737   .00702
4.............................................................   .01211   .01137   .01069   .01008   .00952   .00900   .00853   .00810   .00770   .00733
5.............................................................   .01279   .01201   .01130   .01065   .01006   .00952   .00902   .00856   .00814   .00775
6.............................................................   .01356   .01274   .01199   .01131   .01068   .01011   .00959   .00910   .00865   .00824
7.............................................................   .01442   .01356   .01277   .01205   .01140   .01079   .01023   .00972   .00925   .00881
8.............................................................   .01536   .01446   .01363   .01287   .01218   .01154   .01096   .01041   .00991   .00945
9.............................................................   .01641   .01546   .01460   .01380   .01307   .01240   .01178   .01120   .01068   .01019
10............................................................   .01758   .01659   .01567   .01484   .01407   .01336   .01270   .01210   .01154   .01103
11............................................................   .01886   .01781   .01686   .01598   .01517   .01442   .01373   .01310   .01251   .01196
12............................................................   .02024   .01915   .01814   .01721   .01636   .01558   .01485   .01419   .01357   .01299
13............................................................   .02168   .02054   .01948   .01851   .01762   .01679   .01603   .01533   .01467   .01407
14............................................................   .02313   .02193   .02083   .01981   .01887   .01801   .01721   .01646   .01578   .01514
15............................................................   .02456   .02330   .02214   .02107   .02009   .01918   .01834   .01756   .01684   .01617
16............................................................   .02593   .02462   .02340   .02229   .02126   .02030   .01942   .01860   .01785   .01714
17............................................................   .02728   .02590   .02463   .02346   .02238   .02138   .02046   .01960   .01880   .01806
18............................................................   .02861   .02717   .02584   .02462   .02348   .02243   .02146   .02056   .01972   .01894
19............................................................   .02998   .02847   .02708   .02580   .02461   .02351   .02249   .02154   .02066   .01984
20............................................................   .03142   .02984   .02839   .02704   .02580   .02465   .02357   .02258   .02165   .02079
21............................................................   .03295   .03130   .02978   .02837   .02706   .02585   .02473   .02368   .02271   .02180
22............................................................   .03455   .03283   .03124   .02976   .02839   .02712   .02594   .02484   .02382   .02286
23............................................................   .03626   .03446   .03279   .03124   .02981   .02847   .02723   .02608   .02500   .02400
24............................................................   .03809   .03620   .03446   .03283   .03133   .02993   .02863   .02741   .02628   .02522
25............................................................   .04005   .03808   .03625   .03456   .03298   .03151   .03014   .02887   .02768   .02656
26............................................................   .04216   .04010   .03819   .03641   .03476   .03322   .03178   .03044   .02919   .02802
27............................................................   .04444   .04229   .04029   .03843   .03670   .03508   .03357   .03217   .03085   .02962
28............................................................   .04687   .04463   .04254   .04059   .03877   .03708   .03550   .03402   .03263   .03133

[[Page 36935]]

 
29............................................................   .04946   .04712   .04493   .04289   .04099   .03922   .03756   .03600   .03455   .03318
30............................................................   .05221   .04976   .04748   .04534   .04335   .04149   .03975   .03812   .03659   .03515
31............................................................   .05511   .05255   .05017   .04794   .04585   .04390   .04208   .04037   .03876   .03725
32............................................................   .05818   .05551   .05302   .05069   .04851   .04647   .04455   .04276   .04107   .03948
33............................................................   .06144   .05866   .05606   .05363   .05135   .04921   .04720   .04532   .04355   .04188
34............................................................   .06489   .06200   .05928   .05674   .05436   .05212   .05002   .04805   .04619   .04444
35............................................................   .06857   .06555   .06273   .06007   .05758   .05524   .05304   .05097   .04902   .04718
36............................................................   .07246   .06932   .06638   .06361   .06101   .05856   .05626   .05409   .05205   .05012
37............................................................   .07659   .07332   .07025   .06737   .06466   .06210   .05969   .05742   .05528   .05325
38............................................................   .08098   .07758   .07439   .07138   .06855   .06588   .06336   .06099   .05874   .05662
39............................................................   .08563   .08210   .07878   .07565   .07270   .06992   .06729   .06480   .06245   .06023
40............................................................   .09059   .08692   .08347   .08021   .07714   .07423   .07149   .06889   .06643   .06411
41............................................................   .09586   .09206   .08848   .08509   .08189   .07886   .07600   .07329   .07072   .06828
42............................................................   .10147   .09753   .09381   .09029   .08696   .08381   .08083   .07800   .07531   .07277
43............................................................   .10742   .10334   .09948   .09583   .09237   .08909   .08598   .08304   .08024   .07758
44............................................................   .11373   .10950   .10551   .10172   .09813   .09472   .09148   .08841   .08549   .08272
45............................................................   .12035   .11599   .11185   .10792   .10420   .10066   .09730   .09410   .09106   .08817
46............................................................   .12732   .12281   .11853   .11447   .11061   .10694   .10345   .10013   .09696   .09395
47............................................................   .13460   .12995   .12553   .12133   .11733   .11353   .10991   .10646   .10317   .10004
48............................................................   .14223   .13743   .13287   .12853   .12439   .12046   .11671   .11313   .10972   .10646
49............................................................   .15020   .14526   .14056   .13608   .13181   .12774   .12385   .12015   .11661   .11322
50............................................................   .15855   .15347   .14862   .14401   .13960   .13540   .13138   .12754   .12388   .12037
51............................................................   .16727   .16205   .15707   .15232   .14777   .14344   .13929   .13532   .13153   .12789
52............................................................   .17634   .17098   .16587   .16097   .15630   .15183   .14755   .14345   .13953   .13577
53............................................................   .18576   .18027   .17501   .16999   .16518   .16057   .15616   .15194   .14789   .14400
54............................................................   .19552   .18990   .18451   .17935   .17441   .16968   .16514   .16078   .15661   .15260
55............................................................   .20564   .19989   .19437   .18908   .18402   .17915   .17449   .17001   .16571   .16157
56............................................................   .21613   .21025   .20461   .19919   .19400   .18901   .18422   .17962   .17519   .17093
57............................................................   .22698   .22098   .21522   .20968   .20436   .19925   .19434   .18961   .18507   .18069
58............................................................   .23816   .23204   .22616   .22051   .21507   .20984   .20481   .19996   .19530   .19080
59............................................................   .24962   .24339   .23740   .23163   .22608   .22073   .21558   .21062   .20584   .20123
60............................................................   .26136   .25502   .24892   .24304   .23738   .23192   .22666   .22158   .21669   .21196
61............................................................   .27339   .26695   .26075   .25477   .24900   .24343   .23806   .23288   .22787   .22304
62............................................................   .28578   .27925   .27295   .26687   .26100   .25533   .24985   .24456   .23945   .23451
63............................................................   .29854   .29192   .28553   .27935   .27339   .26762   .26205   .25666   .25145   .24641
64............................................................   .31164   .30494   .29846   .29221   .28615   .28030   .27463   .26915   .26384   .25870
65............................................................   .32508   .31831   .31177   .30543   .29930   .29336   .28761   .28203   .27663   .27140
66............................................................   .33891   .33208   .32547   .31906   .31285   .30684   .30101   .29536   .28987   .28456
67............................................................   .35318   .34630   .33963   .33316   .32689   .32081   .31491   .30918   .30363   .29823
68............................................................   .36785   .36093   .35422   .34770   .34138   .33524   .32928   .32349   .31787   .31240
69............................................................   .38290   .37595   .36920   .36265   .35628   .35009   .34408   .33824   .33256   .32703
70............................................................   .39823   .39127   .38450   .37791   .37151   .36529   .35924   .35335   .34762   .34204
71............................................................   .41378   .40681   .40003   .39343   .38701   .38076   .37467   .36875   .36298   .35736
72............................................................   .42950   .42253   .41575   .40914   .40271   .39644   .39034   .38438   .37858   .37293
73............................................................   .44535   .43840   .43162   .42502   .41858   .41231   .40619   .40022   .39440   .38872
74............................................................   .46139   .45446   .44771   .44112   .43469   .42842   .42230   .41632   .41049   .40479
75............................................................   .47769   .47080   .46408   .45752   .45111   .44485   .43874   .43277   .42693   .42123
76............................................................   .49430   .48747   .48079   .47427   .46790   .46167   .45558   .44963   .44380   .43811
77............................................................   .51123   .50447   .49786   .49139   .48506   .47888   .47282   .46690   .46111   .45543
78............................................................   .52845   .52177   .51523   .50884   .50257   .49645   .49044   .48457   .47881   .47317
79............................................................   .54584   .53926   .53282   .52650   .52032   .51426   .50833   .50251   .49681   .49122
80............................................................   .56325   .55678   .55044   .54423   .53813   .53216   .52630   .52056   .51492   .50939
81............................................................   .58054   .57419   .56797   .56186   .55587   .54999   .54422   .53856   .53300   .52754
82............................................................   .59762   .59140   .58530   .57931   .57343   .56766   .56198   .55641   .55094   .54557
83............................................................   .61448   .60840   .60243   .59657   .59081   .58515   .57958   .57411   .56874   .56346
84............................................................   .63124   .62531   .61949   .61376   .60813   .60259   .59715   .59179   .58652   .58134
85............................................................   .64800   .64224   .63657   .63099   .62550   .62010   .61478   .60955   .60441   .59934
86............................................................   .66461   .65902   .65351   .64810   .64276   .63751   .63233   .62724   .62222   .61728
87............................................................   .68083   .67541   .67008   .66483   .65965   .65455   .64953   .64458   .63970   .63489
88............................................................   .69663   .69140   .68624   .68116   .67615   .67121   .66634   .66154   .65680   .65213
89............................................................   .71201   .70696   .70199   .69708   .69224   .68747   .68276   .67811   .67353   .66900
90............................................................   .72694   .72209   .71730   .71257   .70791   .70330   .69876   .69427   .68984   .68547
91............................................................   .74117   .73650   .73190   .72735   .72286   .71842   .71404   .70972   .70545   .70123
92............................................................   .75439   .74991   .74548   .74110   .73678   .73251   .72829   .72412   .72000   .71593
93............................................................   .76664   .76233   .75806   .75385   .74969   .74557   .74150   .73748   .73350   .72957
94............................................................   .77809   .77394   .76983   .76578   .76177   .75780   .75388   .75000   .74616   .74237
95............................................................   .78899   .78500   .78106   .77715   .77329   .76947   .76569   .76195   .75826   .75460
96............................................................   .79928   .79544   .79165   .78790   .78418   .78050   .77686   .77326   .76970   .76617
97............................................................   .80883   .80514   .80149   .79787   .79430   .79075   .78725   .78377   .78033   .77693
98............................................................   .81781   .81427   .81075   .80727   .80382   .80041   .79703   .79368   .79036   .78708
99............................................................   .82661   .82320   .81982   .81648   .81316   .80988   .80662   .80340   .80020   .79704
100...........................................................   .83519   .83192   .82868   .82547   .82228   .81913   .81600   .81290   .80982   .80678
101...........................................................   .84368   .84055   .83744   .83437   .83131   .82829   .82529   .82231   .81936   .81643
102...........................................................   .85203   .84904   .84607   .84313   .84021   .83731   .83444   .83159   .82876   .82596

[[Page 36936]]

 
103...........................................................   .86034   .85748   .85465   .85184   .84906   .84629   .84355   .84082   .83812   .83544
104...........................................................   .86923   .86653   .86385   .86119   .85855   .85593   .85333   .85074   .84818   .84563
105...........................................................   .87792   .87537   .87283   .87032   .86782   .86534   .86287   .86042   .85799   .85557
106...........................................................   .88918   .88683   .88450   .88218   .87987   .87758   .87530   .87304   .87079   .86855
107...........................................................   .90291   .90082   .89873   .89666   .89460   .89255   .89051   .88849   .88647   .88447
108...........................................................   .92455   .92288   .92123   .91958   .91794   .91630   .91468   .91306   .91145   .90984
109...........................................................   .96211   .96125   .96041   .95956   .95872   .95788   .95704   .95620   .95537   .95455


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                10.2%    10.4%    10.6%    10.8%    11.0%    11.2%    11.4%    11.6%    11.8%    12.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01488   .01463   .01439   .01417   .01396   .01377   .01359   .01343   .01327   .01312
1.............................................................   .00662   .00636   .00612   .00589   .00568   .00548   .00530   .00513   .00497   .00482
2.............................................................   .00654   .00626   .00600   .00576   .00554   .00533   .00514   .00496   .00479   .00463
3.............................................................   .00670   .00641   .00613   .00588   .00564   .00542   .00522   .00502   .00484   .00468
4.............................................................   .00699   .00668   .00639   .00612   .00587   .00563   .00542   .00521   .00502   .00484
5.............................................................   .00739   .00706   .00675   .00646   .00620   .00595   .00571   .00550   .00529   .00510
6.............................................................   .00786   .00751   .00718   .00687   .00659   .00633   .00608   .00585   .00563   .00543
7.............................................................   .00841   .00803   .00769   .00736   .00706   .00678   .00652   .00627   .00604   .00582
8.............................................................   .00902   .00863   .00826   .00791   .00759   .00730   .00702   .00675   .00651   .00628
9.............................................................   .00973   .00931   .00892   .00856   .00822   .00790   .00760   .00733   .00706   .00682
10............................................................   .01055   .01010   .00969   .00930   .00894   .00861   .00829   .00799   .00772   .00746
11............................................................   .01146   .01099   .01055   .01014   .00976   .00940   .00907   .00875   .00846   .00818
12............................................................   .01246   .01196   .01150   .01106   .01066   .01028   .00993   .00960   .00928   .00899
13............................................................   .01351   .01298   .01249   .01204   .01161   .01121   .01084   .01049   .01016   .00985
14............................................................   .01455   .01400   .01348   .01300   .01255   .01213   .01173   .01136   .01102   .01069
15............................................................   .01555   .01497   .01443   .01392   .01345   .01300   .01259   .01220   .01183   .01148
16............................................................   .01648   .01587   .01530   .01477   .01427   .01380   .01336   .01295   .01257   .01220
17............................................................   .01737   .01673   .01612   .01556   .01504   .01455   .01408   .01365   .01324   .01286
18............................................................   .01822   .01754   .01691   .01632   .01576   .01525   .01476   .01430   .01387   .01347
19............................................................   .01908   .01837   .01770   .01708   .01650   .01595   .01544   .01495   .01450   .01407
20............................................................   .01999   .01924   .01854   .01788   .01726   .01669   .01615   .01564   .01516   .01471
21............................................................   .02096   .02017   .01943   .01874   .01809   .01748   .01691   .01637   .01586   .01539
22............................................................   .02197   .02114   .02036   .01963   .01895   .01830   .01770   .01713   .01660   .01610
23............................................................   .02306   .02218   .02136   .02059   .01987   .01919   .01855   .01795   .01739   .01686
24............................................................   .02424   .02331   .02245   .02163   .02087   .02016   .01948   .01885   .01825   .01769
25............................................................   .02552   .02455   .02364   .02278   .02197   .02122   .02051   .01984   .01920   .01861
26............................................................   .02692   .02589   .02493   .02403   .02318   .02238   .02162   .02091   .02025   .01961
27............................................................   .02846   .02738   .02636   .02541   .02451   .02367   .02287   .02212   .02141   .02074
28............................................................   .03012   .02898   .02791   .02690   .02595   .02506   .02422   .02342   .02267   .02196
29............................................................   .03190   .03070   .02957   .02851   .02751   .02656   .02567   .02483   .02404   .02329
30............................................................   .03381   .03254   .03135   .03023   .02917   .02817   .02723   .02634   .02551   .02471
31............................................................   .03583   .03450   .03324   .03206   .03094   .02989   .02890   .02796   .02707   .02623
32............................................................   .03799   .03659   .03527   .03402   .03284   .03173   .03068   .02968   .02874   .02785
33............................................................   .04031   .03883   .03744   .03612   .03488   .03371   .03260   .03155   .03055   .02961
34............................................................   .04279   .04123   .03976   .03838   .03707   .03583   .03465   .03354   .03249   .03149
35............................................................   .04545   .04382   .04227   .04081   .03943   .03812   .03688   .03571   .03459   .03354
36............................................................   .04830   .04658   .04495   .04341   .04196   .04058   .03927   .03803   .03685   .03573
37............................................................   .05134   .04953   .04782   .04620   .04467   .04321   .04183   .04052   .03928   .03809
38............................................................   .05462   .05272   .05092   .04921   .04760   .04606   .04461   .04322   .04191   .04066
39............................................................   .05812   .05613   .05424   .05245   .05075   .04913   .04760   .04614   .04475   .04343
40............................................................   .06190   .05981   .05782   .05594   .05415   .05245   .05083   .04929   .04783   .04643
41............................................................   .06597   .06378   .06170   .05972   .05784   .05605   .05435   .05272   .05118   .04970
42............................................................   .07035   .06806   .06587   .06380   .06182   .05994   .05815   .05644   .05481   .05326
43............................................................   .07505   .07265   .07036   .06818   .06611   .06414   .06225   .06045   .05874   .05710
44............................................................   .08008   .07757   .07518   .07290   .07072   .06865   .06667   .06478   .06298   .06125
45............................................................   .08542   .08279   .08029   .07791   .07563   .07346   .07138   .06940   .06750   .06569
46............................................................   .09108   .08834   .08573   .08324   .08085   .07858   .07640   .07432   .07233   .07043
47............................................................   .09705   .09419   .09147   .08886   .08637   .08399   .08172   .07954   .07745   .07545
48............................................................   .10335   .10038   .09754   .09482   .09222   .08973   .08735   .08507   .08288   .08078
49............................................................   .10999   .10690   .10394   .10111   .09840   .09581   .09332   .09093   .08864   .08644
50............................................................   .11701   .11380   .11073   .10778   .10496   .10225   .09965   .09716   .09477   .09247
51............................................................   .12441   .12108   .11789   .11482   .11189   .10907   .10636   .10376   .10126   .09886
52............................................................   .13217   .12871   .12540   .12222   .11916   .11623   .11341   .11071   .10810   .10560
53............................................................   .14028   .13670   .13327   .12997   .12680   .12375   .12082   .11801   .11529   .11268
54............................................................   .14875   .14505   .14150   .13808   .13480   .13163   .12859   .12566   .12284   .12012
55............................................................   .15760   .15378   .15011   .14657   .14317   .13989   .13674   .13370   .13077   .12794
56............................................................   .16684   .16290   .15911   .15546   .15194   .14855   .14528   .14213   .13909   .13615
57............................................................   .17648   .17242   .16851   .16474   .16111   .15760   .15422   .15096   .14781   .14477
58............................................................   .18647   .18229   .17827   .17438   .17064   .16702   .16353   .16015   .15689   .15374
59............................................................   .19678   .19249   .18835   .18435   .18049   .17676   .17316   .16968   .16631   .16305
60............................................................   .20740   .20300   .19875   .19464   .19066   .18682   .18311   .17952   .17604   .17268
61............................................................   .21837   .21385   .20949   .20527   .20119   .19724   .19341   .18971   .18613   .18266
62............................................................   .22973   .22511   .22064   .21631   .21212   .20807   .20414   .20033   .19664   .19306
63............................................................   .24152   .23680   .23222   .22779   .22350   .21934   .21530   .21139   .20760   .20392

[[Page 36937]]

 
64............................................................   .25372   .24890   .24422   .23969   .23529   .23103   .22690   .22289   .21899   .21521
65............................................................   .26633   .26141   .25664   .25201   .24752   .24316   .23893   .23482   .23083   .22695
66............................................................   .27940   .27439   .26953   .26481   .26023   .25577   .25145   .24724   .24316   .23918
67............................................................   .29299   .28790   .28296   .27815   .27348   .26894   .26453   .26024   .25606   .25200
68............................................................   .30709   .30193   .29691   .29202   .28728   .28265   .27816   .27378   .26952   .26537
69............................................................   .32166   .31643   .31134   .30639   .30157   .29687   .29230   .28785   .28351   .27928
70............................................................   .33661   .33133   .32618   .32116   .31628   .31152   .30688   .30235   .29794   .29364
71............................................................   .35188   .34654   .34134   .33627   .33133   .32651   .32181   .31722   .31275   .30838
72............................................................   .36742   .36204   .35679   .35168   .34668   .34181   .33706   .33241   .32788   .32345
73............................................................   .38317   .37776   .37248   .36733   .36229   .35738   .35257   .34788   .34330   .33882
74............................................................   .39923   .39380   .38849   .38330   .37823   .37328   .36844   .36370   .35908   .35455
75............................................................   .41566   .41021   .40489   .39968   .39459   .38961   .38474   .37997   .37531   .37074
76............................................................   .43254   .42709   .42176   .41655   .41144   .40645   .40156   .39677   .39208   .38749
77............................................................   .44988   .44444   .43912   .43391   .42880   .42380   .41891   .41411   .40940   .40479
78............................................................   .46765   .46224   .45694   .45174   .44665   .44166   .43677   .43197   .42726   .42265
79............................................................   .48574   .48037   .47510   .46993   .46487   .45990   .45502   .45024   .44554   .44094
80............................................................   .50397   .49865   .49343   .48830   .48327   .47834   .47349   .46873   .46406   .45947
81............................................................   .52219   .51693   .51176   .50669   .50171   .49682   .49201   .48729   .48265   .47809
82............................................................   .54029   .53510   .53000   .52499   .52007   .51523   .51047   .50580   .50120   .49667
83............................................................   .55826   .55315   .54813   .54319   .53834   .53356   .52886   .52424   .51969   .51522
84............................................................   .57624   .57123   .56629   .56144   .55666   .55195   .54732   .54277   .53828   .53386
85............................................................   .59435   .58944   .58460   .57984   .57516   .57054   .56599   .56151   .55710   .55275
86............................................................   .61241   .60762   .60289   .59824   .59365   .58913   .58468   .58029   .57596   .57170
87............................................................   .63015   .62548   .62087   .61633   .61185   .60744   .60309   .59880   .59456   .59039
88............................................................   .64753   .64299   .63851   .63409   .62973   .62543   .62118   .61700   .61287   .60879
89............................................................   .66454   .66013   .65579   .65150   .64726   .64308   .63895   .63488   .63086   .62689
90............................................................   .68115   .67689   .67268   .66853   .66442   .66037   .65637   .65241   .64851   .64465
91............................................................   .69706   .69294   .68887   .68486   .68089   .67696   .67309   .66925   .66547   .66173
92............................................................   .71190   .70792   .70399   .70011   .69627   .69247   .68872   .68501   .68134   .67771
93............................................................   .72569   .72184   .71804   .71429   .71057   .70689   .70326   .69967   .69611   .69259
94............................................................   .73861   .73490   .73123   .72759   .72400   .72044   .71692   .71344   .71000   .70659
95............................................................   .75097   .74739   .74384   .74033   .73686   .73342   .73002   .72665   .72331   .72001
96............................................................   .76267   .75922   .75579   .75240   .74905   .74572   .74243   .73917   .73595   .73275
97............................................................   .77356   .77022   .76691   .76363   .76039   .75718   .75399   .75084   .74772   .74463
98............................................................   .78382   .78059   .77740   .77423   .77110   .76799   .76491   .76186   .75884   .75584
99............................................................   .79390   .79079   .78771   .78465   .78162   .77862   .77565   .77270   .76978   .76688
100...........................................................   .80376   .80076   .79779   .79485   .79193   .78904   .78617   .78333   .78051   .77771
101...........................................................   .81353   .81066   .80780   .80497   .80217   .79938   .79662   .79388   .79117   .78847
102...........................................................   .82318   .82042   .81768   .81496   .81227   .80960   .80694   .80431   .80170   .79911
103...........................................................   .83278   .83014   .82752   .82491   .82233   .81977   .81723   .81470   .81220   .80971
104...........................................................   .84310   .84059   .83810   .83563   .83317   .83073   .82831   .82591   .82352   .82115
105...........................................................   .85318   .85079   .84843   .84607   .84374   .84142   .83911   .83682   .83455   .83229
106...........................................................   .86633   .86413   .86193   .85975   .85758   .85543   .85329   .85116   .84904   .84694
107...........................................................   .88247   .88049   .87852   .87656   .87460   .87266   .87073   .86881   .86690   .86500
108...........................................................   .90825   .90666   .90507   .90350   .90193   .90037   .89881   .89727   .89572   .89419
109...........................................................   .95372   .95290   .95208   .95126   .95045   .94964   .94883   .94803   .94723   .94643


--------------------------------------------------------------------------------------------------------------------------------------------------------
                              Age                                12.2%    12.4%    12.6%    12.8%    13.0%    13.2%    13.4%    13.6%    13.8%    14.0%
--------------------------------------------------------------------------------------------------------------------------------------------------------
0.............................................................   .01298   .01285   .01273   .01261   .01250   .01240   .01230   .01221   .01212   .01203
1.............................................................   .00468   .00455   .00443   .00431   .00420   .00410   .00400   .00391   .00382   .00374
2.............................................................   .00448   .00435   .00421   .00409   .00398   .00387   .00376   .00366   .00357   .00348
3.............................................................   .00452   .00437   .00423   .00410   .00398   .00386   .00375   .00365   .00355   .00345
4.............................................................   .00468   .00452   .00437   .00423   .00410   .00397   .00386   .00375   .00364   .00354
5.............................................................   .00493   .00476   .00460   .00445   .00431   .00418   .00405   .00393   .00382   .00371
6.............................................................   .00524   .00506   .00489   .00473   .00458   .00444   .00430   .00418   .00406   .00394
7.............................................................   .00562   .00543   .00525   .00508   .00492   .00477   .00462   .00449   .00436   .00423
8.............................................................   .00606   .00586   .00566   .00548   .00531   .00515   .00499   .00485   .00471   .00458
9.............................................................   .00659   .00637   .00616   .00597   .00579   .00561   .00545   .00529   .00514   .00500
10............................................................   .00721   .00698   .00676   .00655   .00636   .00617   .00600   .00583   .00567   .00552
11............................................................   .00792   .00767   .00744   .00722   .00701   .00682   .00663   .00645   .00628   .00612
12............................................................   .00871   .00845   .00821   .00797   .00775   .00754   .00735   .00716   .00698   .00681
13............................................................   .00955   .00928   .00902   .00877   .00854   .00831   .00810   .00790   .00771   .00753
14............................................................   .01038   .01009   .00981   .00955   .00930   .00907   .00885   .00864   .00843   .00824
15............................................................   .01116   .01085   .01056   .01028   .01002   .00977   .00954   .00932   .00910   .00890
16............................................................   .01186   .01153   .01123   .01094   .01066   .01040   .01015   .00992   .00969   .00948
17............................................................   .01250   .01215   .01183   .01152   .01124   .01096   .01070   .01045   .01022   .00999
18............................................................   .01308   .01272   .01238   .01206   .01175   .01147   .01119   .01093   .01068   .01044
19............................................................   .01367   .01329   .01293   .01259   .01227   .01196   .01167   .01140   .01113   .01088
20............................................................   .01428   .01388   .01350   .01314   .01280   .01248   .01217   .01188   .01161   .01134
21............................................................   .01494   .01451   .01411   .01373   .01337   .01303   .01271   .01240   .01211   .01183
22............................................................   .01562   .01517   .01475   .01435   .01397   .01361   .01326   .01294   .01263   .01233
23............................................................   .01635   .01588   .01543   .01501   .01460   .01422   .01386   .01351   .01319   .01287
24............................................................   .01716   .01665   .01618   .01573   .01530   .01489   .01451   .01415   .01380   .01347

[[Page 36938]]

 
25............................................................   .01804   .01751   .01701   .01653   .01608   .01565   .01524   .01485   .01448   .01413
26............................................................   .01902   .01845   .01792   .01741   .01693   .01648   .01604   .01563   .01524   .01487
27............................................................   .02011   .01951   .01895   .01841   .01790   .01742   .01696   .01652   .01610   .01571
28............................................................   .02129   .02066   .02006   .01949   .01895   .01844   .01795   .01748   .01704   .01662
29............................................................   .02258   .02191   .02127   .02067   .02009   .01955   .01903   .01853   .01806   .01762
30............................................................   .02396   .02325   .02257   .02193   .02132   .02074   .02019   .01966   .01916   .01869
31............................................................   .02543   .02467   .02396   .02328   .02263   .02201   .02143   .02087   .02034   .01983
32............................................................   .02701   .02621   .02545   .02472   .02404   .02338   .02276   .02217   .02160   .02106
33............................................................   .02871   .02786   .02706   .02629   .02556   .02487   .02420   .02357   .02297   .02240
34............................................................   .03054   .02964   .02879   .02797   .02720   .02646   .02576   .02509   .02445   .02383
35............................................................   .03253   .03158   .03067   .02981   .02898   .02820   .02745   .02674   .02606   .02541
36............................................................   .03467   .03366   .03269   .03178   .03090   .03007   .02928   .02852   .02779   .02710
37............................................................   .03697   .03590   .03488   .03391   .03298   .03209   .03125   .03044   .02967   .02893
38............................................................   .03947   .03833   .03725   .03622   .03524   .03430   .03340   .03254   .03172   .03094
39............................................................   .04217   .04096   .03982   .03873   .03768   .03669   .03573   .03482   .03395   .03312
40............................................................   .04510   .04383   .04262   .04146   .04035   .03930   .03828   .03732   .03639   .03550
41............................................................   .04830   .04695   .04567   .04445   .04327   .04215   .04108   .04005   .03907   .03812
42............................................................   .05177   .05035   .04900   .04770   .04646   .04527   .04413   .04304   .04200   .04100
43............................................................   .05553   .05404   .05261   .05123   .04992   .04866   .04746   .04630   .04520   .04413
44............................................................   .05960   .05802   .05651   .05506   .05368   .05235   .05107   .04985   .04867   .04754
45............................................................   .06395   .06229   .06069   .05917   .05770   .05630   .05495   .05365   .05241   .05121
46............................................................   .06860   .06685   .06517   .06356   .06202   .06053   .05911   .05774   .05643   .05516
47............................................................   .07353   .07169   .06992   .06823   .06660   .06504   .06353   .06209   .06070   .05936
48............................................................   .07877   .07684   .07498   .07320   .07149   .06984   .06826   .06673   .06527   .06385
49............................................................   .08433   .08231   .08036   .07849   .07669   .07495   .07329   .07168   .07013   .06864
50............................................................   .09026   .08814   .08609   .08413   .08224   .08042   .07867   .07698   .07535   .07378
51............................................................   .09655   .09433   .09219   .09013   .08815   .08624   .08440   .08262   .08091   .07926
52............................................................   .10318   .10086   .09863   .09647   .09439   .09239   .09046   .08860   .08680   .08506
53............................................................   .11017   .10774   .10541   .10315   .10098   .09888   .09686   .09491   .09302   .09120
54............................................................   .11750   .11498   .11254   .11019   .10792   .10572   .10361   .10156   .09958   .09767
55............................................................   .12522   .12258   .12005   .11759   .11522   .11294   .11072   .10859   .10652   .10451
56............................................................   .13332   .13059   .12794   .12539   .12292   .12054   .11823   .11599   .11383   .11174
57............................................................   .14183   .13899   .13624   .13359   .13102   .12853   .12613   .12380   .12154   .11936
58............................................................   .15070   .14775   .14490   .14215   .13948   .13689   .13439   .13197   .12962   .12734
59............................................................   .15990   .15685   .15389   .15103   .14826   .14558   .14298   .14046   .13801   .13564
60............................................................   .16942   .16626   .16321   .16024   .15737   .15459   .15189   .14927   .14673   .14426
61............................................................   .17929   .17603   .17287   .16981   .16684   .16395   .16115   .15844   .15580   .15324
62............................................................   .18960   .18623   .18297   .17980   .17673   .17375   .17085   .16803   .16530   .16264
63............................................................   .20035   .19688   .19352   .19025   .18708   .18400   .18100   .17809   .17525   .17250
64............................................................   .21154   .20797   .20451   .20114   .19787   .19469   .19159   .18859   .18566   .18281
65............................................................   .22318   .21951   .21595   .21249   .20912   .20584   .20265   .19955   .19652   .19358
66............................................................   .23532   .23156   .22790   .22434   .22088   .21751   .21422   .21102   .20791   .20487
67............................................................   .24804   .24419   .24044   .23679   .23324   .22977   .22640   .22311   .21990   .21678
68............................................................   .26133   .25740   .25356   .24983   .24618   .24263   .23917   .23579   .23250   .22929
69............................................................   .27516   .27114   .26723   .26341   .25969   .25605   .25251   .24905   .24567   .24237
70............................................................   .28945   .28536   .28137   .27747   .27367   .26996   .26633   .26279   .25934   .25596
71............................................................   .30412   .29996   .29590   .29193   .28806   .28427   .28057   .27696   .27343   .26998
72............................................................   .31913   .31491   .31078   .30675   .30281   .29895   .29519   .29150   .28790   .28438
73............................................................   .33444   .33016   .32597   .32188   .31788   .31396   .31013   .30638   .30271   .29913
74............................................................   .35012   .34579   .34155   .33741   .33335   .32938   .32549   .32168   .31795   .31430
75............................................................   .36628   .36190   .35762   .35343   .34932   .34530   .34136   .33750   .33372   .33001
76............................................................   .38299   .37858   .37427   .37004   .36589   .36183   .35784   .35394   .35011   .34636
77............................................................   .40028   .39585   .39151   .38725   .38307   .37898   .37496   .37103   .36716   .36337
78............................................................   .41812   .41368   .40933   .40506   .40086   .39675   .39271   .38874   .38485   .38103
79............................................................   .43641   .43198   .42762   .42334   .41914   .41502   .41096   .40698   .40308   .39924
80............................................................   .45496   .45054   .44619   .44192   .43772   .43360   .42954   .42556   .42164   .41779
81............................................................   .47360   .46920   .46487   .46061   .45643   .45231   .44827   .44429   .44038   .43653
82............................................................   .49223   .48785   .48355   .47932   .47516   .47106   .46703   .46307   .45916   .45532
83............................................................   .51081   .50648   .50221   .49802   .49388   .48982   .48581   .48187   .47799   .47416
84............................................................   .52951   .52523   .52101   .51686   .51277   .50874   .50477   .50086   .49701   .49321
85............................................................   .54847   .54425   .54009   .53600   .53196   .52798   .52406   .52019   .51638   .51262
86............................................................   .56749   .56335   .55926   .55523   .55126   .54734   .54348   .53966   .53591   .53220
87............................................................   .58627   .58221   .57820   .57425   .57035   .56650   .56270   .55895   .55526   .55161
88............................................................   .60477   .60079   .59688   .59301   .58919   .58542   .58170   .57802   .57439   .57081
89............................................................   .62297   .61909   .61527   .61149   .60776   .60408   .60044   .59685   .59330   .58979
90............................................................   .64084   .63707   .63335   .62968   .62604   .62246   .61891   .61540   .61194   .60851
91............................................................   .65803   .65437   .65076   .64719   .64366   .64017   .63672   .63330   .62993   .62659
92............................................................   .67412   .67058   .66707   .66360   .66017   .65678   .65342   .65010   .64682   .64357
93............................................................   .68911   .68567   .68227   .67890   .67557   .67227   .66901   .66578   .66258   .65942
94............................................................   .70321   .69988   .69657   .69330   .69006   .68686   .68369   .68055   .67744   .67437
95............................................................   .71674   .71351   .71031   .70713   .70399   .70088   .69781   .69476   .69174   .68875
96............................................................   .72959   .72646   .72335   .72028   .71724   .71422   .71123   .70828   .70534   .70244
97............................................................   .74156   .73853   .73552   .73254   .72959   .72666   .72376   .72089   .71804   .71522
98............................................................   .75287   .74993   .74702   .74413   .74126   .73842   .73561   .73282   .73006   .72732

[[Page 36939]]

 
99............................................................   .76401   .76117   .75834   .75555   .75277   .75002   .74730   .74459   .74191   .73926
100...........................................................   .77494   .77219   .76946   .76676   .76408   .76142   .75878   .75616   .75357   .75099
101...........................................................   .78580   .78315   .78052   .77791   .77532   .77275   .77021   .76768   .76517   .76268
102...........................................................   .79654   .79399   .79146   .78894   .78645   .78397   .78152   .77908   .77666   .77426
103...........................................................   .80724   .80479   .80236   .79994   .79755   .79517   .79280   .79046   .78813   .78582
104...........................................................   .81879   .81646   .81413   .81183   .80954   .80726   .80501   .80276   .80054   .79832
105...........................................................   .83005   .82782   .82560   .82340   .82121   .81904   .81688   .81474   .81260   .81049
106...........................................................   .84485   .84277   .84071   .83866   .83662   .83459   .83257   .83057   .82857   .82659
107...........................................................   .86311   .86124   .85937   .85751   .85566   .85382   .85199   .85017   .84835   .84655
108...........................................................   .89266   .89114   .88963   .88812   .88662   .88513   .88364   .88216   .88068   .87922
109...........................................................   .94563   .94484   .94405   .94326   .94248   .94170   .94092   .94014   .93937   .93860
--------------------------------------------------------------------------------------------------------------------------------------------------------


                            Table 90CM.--Life Table Applicable After April 30, 1999
----------------------------------------------------------------------------------------------------------------
               Age x                   l(x)            Age x             l(x)            Age x            l(x)
(1)                                       (2)  (1)..................        (2)  (1).................        (2)
----------------------------------------------------------------------------------------------------------------
0.................................     100000  37...................      95969  74..................      62852
1.................................      99064  38...................      95780  75..................      60449
2.................................      98992  39...................      95581  76..................      57955
3.................................      98944  40...................      95373  77..................      55373
4.................................      98907  41...................      95156  78..................      52704
5.................................      98877  42...................      94928  79..................      49943
6.................................      98850  43...................      94687  80..................      47084
7.................................      98826  44...................      94431  81..................      44129
8.................................      98803  45...................      94154  82..................      41091
9.................................      98783  46...................      93855  83..................      37994
10................................      98766  47...................      93528  84..................      34876
11................................      98750  48...................      93173  85..................      31770
12................................      98734  49...................      92787  86..................      28687
13................................      98713  50...................      92370  87..................      25638
14................................      98681  51...................      91918  88..................      22658
15................................      98635  52...................      91424  89..................      19783
16................................      98573  53...................      90885  90..................      17046
17................................      98497  54...................      90297  91..................      14466
18................................      98409  55...................      89658  92..................      12066
19................................      98314  56...................      88965  93..................       9884
20................................      98215  57...................      88214  94..................       7951
21................................      98113  58...................      87397  95..................       6282
22................................      98006  59...................      86506  96..................       4868
23................................      97896  60...................      85537  97..................       3694
24................................      97784  61...................      84490  98..................       2745
25................................      97671  62...................      83368  99..................       1999
26................................      97556  63...................      82169  100.................       1424
27................................      97441  64...................      80887  101.................        991
28................................      97322  65...................      79519  102.................        672
29................................      97199  66...................      78066  103.................        443
30................................      97070  67...................      76531  104.................        284
31................................      96934  68...................      74907  105.................        175
32................................      96791  69...................      73186  106.................        105
33................................      96642  70...................      71357  107.................         60
34................................      96485  71...................      69411  108.................         33
35................................      96322  72...................      67344  109.................         17
36................................      96150  73...................      65154  110.................          0
----------------------------------------------------------------------------------------------------------------

    (e) Effective dates. This section applies after April 30, 1999.


Sec. 20.2031-7T  [Removed]

    Par. 13a. Section 20.2031-7T is removed.

    Par. 14. Section 20.7520-1 is amended by revising paragraphs 
(a)(2), (b)(2), (c)(1), (c)(2) and (d) to read as follows:


Sec. 20.7520-1  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests.

    (a) * * *
    (2) In the case of a transfer to a pooled income fund with a 
valuation date after April 30, 1999, see Sec. 1.642(c)-6(e) (or, for 
certain prior periods, Sec. 1.642(c)-6A of this chapter) of this 
chapter with respect to the valuation of the remainder interest.
* * * * *
    (b) * * *
    (2) Mortality component. The mortality component reflects the 
mortality data most recently available from the United States Census. 
As new mortality data becomes available after each decennial census, 
the mortality component described in this section will be revised 
periodically and the mortality component tables will be published in 
the regulations at that time. For decedents' estates with valuation 
dates after April 30, 1999, the mortality component table (Table 90CM)

[[Page 36940]]

is included in Sec. 20.2031-7(d)(7). See Sec. 20.2031-7A for mortality 
component tables applicable to decedent's estates with valuation dates 
before May 1, 1999.
    (c) * * *
    (1) Regulation sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1999. 
Section 1.642(c)-6(e)(6) of this chapter contains Table S used for 
determining the present value of a single life remainder interest in a 
pooled income fund as defined in Sec. 1.642(c)-5 of this chapter. See 
Sec. 1.642(c)-6A of this chapter for single life remainder factors 
applicable to valuation dates before May 1, 1999. Section 1.664-4(e)(6) 
of this chapter contains Table F (payout factors) and Table D 
(actuarial factors used in determining the present value of a remainder 
interest postponed for a term of years). Section 1.664-4(e)(7) of this 
chapter contains Table U(1) (unitrust single life remainder factors). 
These tables are used in determining the present value of a remainder 
interest in a charitable remainder unitrust as defined in Sec. 1.664-3 
of this chapter. See Sec. 1.664-4A of this chapter for unitrust single 
life remainder factors applicable to valuation dates before May 1, 
1999. Section 20.2031-(d)(6) contains Table B (actuarial factors used 
in determining the present value of an interest for a term of years), 
Table K (annuity end-of-interval adjustment factors), and Table J (term 
certain annuity beginning-of-interval adjustment factors). Section 
20.2031-7(d)(7) contains Table S (single life remainder factors) and 
Table 90CM (mortality components). These tables are used in determining 
the present value of annuities, life estates, remainders, and 
reversions. See Sec. 20.2031-7A for single life remainder factors and 
mortality components applicable to valuation dates before May 1, 1999.
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 22 percent for valuation dates after 
April 30, 1999. The following documents are available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402:
    (i) Internal Revenue Service Publication 1457, ``Actuarial Values, 
Book Aleph,'' (7-1999). This publication includes tables of valuation 
factors, as well as examples that show how to compute other valuation 
factors, for determining the present value of annuities, life estates, 
terms of years, remainders, and reversions, measured by one or two 
lives. These factors may also be used in the valuation of interests in 
a charitable remainder annuity trust as defined in Sec. 1.664-2 of this 
chapter and a pooled income fund as defined in Sec. 1.642(c)-5 of this 
chapter. See Sec. 20.2031-7A for publications containing tables for 
valuation dates before May 1, 1999.
    (ii) Internal Revenue Service Publication 1458, ``Actuarial Values, 
Book Beth,'' (7-1999). This publication includes term certain tables 
and tables of one and two life valuation factors for determining the 
present value of remainder interests in a charitable remainder unitrust 
as defined in Sec. 1.664-3 of this chapter. See Sec. 1.664-4A of this 
chapter for publications containing tables for valuation dates before 
May 1, 1999.
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (7-1999). This publication includes tables for 
computing depreciation adjustment factors. See Sec. 1.170A-12 of this 
chapter.
    (d) Effective date. This section applies after April 30, 1989.


Sec. 20.7520-1T  [Removed]

    Par. 15. Section 20.7520-1T is removed.

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

    Par. 16. The authority citation for part 25 is amended by removing 
the entries for Sections 25-2512-5T and 25.7520-1T to read in part as 
follows:

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


Sec. 25.2512-0  [Amended]

    Par. 17. Section 25.2512-0 is amended by removing the entry for 
Sec. 25.2512-5T from the contents listing.

    Par. 18. Section 25.2512-5 is amended by revising paragraphs (c), 
(d) and (e) to read as follows:


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

* * * * *
    (c) Actuarial valuations. The present value of annuities, unitrust 
interests, life estates, terms of years, remainders, and reversions 
transferred by gift after April 30, 1999, is determined under paragraph 
(d) of this section. The present value of annuities, unitrust 
interests, life estates, terms of years, remainders, and reversions 
transferred by gift before May 1, 1999, is determined under the 
following sections:

------------------------------------------------------------------------
                   Transfers
-----------------------------------------------  Applicable  regulations
               After                  Before
------------------------------------------------------------------------
                                      01-01-52  25.2512-5A(a)
12-31-51..........................    01-01-71  25.2512-5A(b)
12-31-70..........................    12-01-83  25.2512-5A(c)
11-30-83..........................    05-01-89  25.2512-5A(d)
04-30-89..........................    05-01-99  25.2512-5A(e)
------------------------------------------------------------------------

    (d) Actuarial valuations after April 30, 1999--(1) In general. 
Except as otherwise provided in paragraph (b) of this section and 
Sec. 25.7520-3(b) (relating to exceptions to the use of prescribed 
tables under certain circumstances), if the valuation date for the gift 
is after April 30, 1999, the fair market value of annuities, life 
estates, terms of years, remainders, and reversions transferred after 
April 30, 1999, is the present value of such interests determined under 
paragraph (d)(2) of this section and by use of standard or special 
section 7520 actuarial factors. These factors are derived by using the 
appropriate section 7520 interest rate and, if applicable, the 
mortality component for the valuation date of the interest that is 
being valued. See Secs. 25.7520-1 through 25.7520-4. The fair market 
value of a qualified annuity interest described in section 2702(b)(1) 
and a qualified unitrust interest described in section 2702(b)(2) is 
the present value of such interests determined under Sec. 25.7520-1(c).
    (2) Specific interests. When the donor transfers property in trust 
or otherwise and retains an interest therein, generally, the value of 
the gift is the value of the property transferred less the value of the 
donor's retained interest. However, if the donor transfers property 
after October 8, 1990, to or for the benefit of a member of the donor's 
family, the value of the gift is the value of the property transferred 
less the value of the donor's retained interest as determined under 
section 2702. If the donor assigns or relinquishes an annuity, life 
estate, remainder, or reversion that the donor holds by virtue of a 
transfer previously made by the donor or another, the value of the gift 
is the value of the interest transferred. However, see section 2519 for 
a special rule in the case of the assignment of an income interest by a 
person who received the interest from a spouse.
    (i) Charitable remainder trusts. The fair market value of a 
remainder interest in a pooled income fund, as defined in 
Sec. 1.642(c)-5 of this chapter, is its value determined under 
Sec. 1.642(c)-6(e) of this chapter (see Sec. 1.642(c)-6A for certain 
prior periods). The fair market value of a remainder interest in a 
charitable remainder annuity trust, as described in Sec. 1.664-2(a) of 
this chapter, is its present value determined under Sec. 1.664-2(c) of 
this chapter. The fair

[[Page 36941]]

market value of a remainder interest in a charitable remainder 
unitrust, as defined in Sec. 1.664-3 of this chapter, is its present 
value determined under Sec. 1.664-4(e) of this chapter. The fair market 
value of a life interest or term for years in a charitable remainder 
unitrust is the fair market value of the property as of the date of 
transfer less the fair market value of the remainder interest, 
determined under Sec. 1.664-4(e)(4) and (5) of this chapter.
    (ii) Ordinary remainder and reversionary interests. If the interest 
to be valued is to take effect after a definite number of years or 
after the death of one individual, the present value of the interest is 
computed by multiplying the value of the property by the appropriate 
remainder interest actuarial factor (that corresponds to the applicable 
section 7520 interest rate and remainder interest period) in Table B 
(for a term certain) or the appropriate Table S (for one measuring 
life), as the case may be. Table B is contained in Sec. 20.2031-7(d)(6) 
of this chapter and Table S (for one measuring life when the valuation 
date is after April 30, 1999) is included in Sec. 20.2031-7(d)(7) of 
this chapter and Internal Revenue Service Publication 1457. See 
Sec. 20.2031-7A(e)(4) of this chapter containing Table S and Life Table 
80CNSMT for valuation of interests after April 30, 1989, and before May 
1, 1999. For information about obtaining actuarial factors for other 
types of remainder interests, see paragraph (d)(4) of this section.
    (iii) Ordinary term-of-years and life interests. If the interest to 
be valued is the right of a person to receive the income of certain 
property, or to use certain nonincome-producing property, for a term of 
years or for the life of one individual, the present value of the 
interest is computed by multiplying the value of the property by the 
appropriate term-of-years or life interest actuarial factor (that 
corresponds to the applicable section 7520 interest rate and term-of-
years or life interest period). Internal Revenue Service Publication 
1457 includes actuarial factors for an interest for a term of years in 
Table B and for the life of one individual in Table S (for one 
measuring life when the valuation date is after April 30, 1999). 
However, term-of-years and life interest actuarial factors are not 
included in Table B in Sec. 20.2031-7(d)(6) or Table S in Sec. 20.2031-
7(d)(7) (or in Sec. 20.2031-7A(e)(4)) of this chapter. If Internal 
Revenue Service Publication 1457 (or any other reliable source of term-
of-years and life interest actuarial factors) is not conveniently 
available, an actuarial factor for the interest may be derived 
mathematically. This actuarial factor may be derived by subtracting the 
correlative remainder factor (that corresponds to the applicable 
section 7520 interest rate) in Table B (for a term of years) in 
Sec. 20.2031-7(d)(6) of this chapter or in Table S (for the life of one 
individual) in Sec. 20.2031-7(d)(7) of this chapter, as the case may 
be, from 1.000000. For information about obtaining actuarial factors 
for other types of term-of-years and life interests, see paragraph 
(d)(4) of this section.
    (iv) Annuities. (A) If the interest to be valued is the right of a 
person to receive an annuity that is payable at the end of each year 
for a term of years or for the life of one individual, the present 
value of the interest is computed by multiplying the aggregate amount 
payable annually by the appropriate annuity actuarial factor (that 
corresponds to the applicable section 7520 interest rate and annuity 
period). Internal Revenue Service Publication 1457 includes actuarial 
factors in Table B (for an annuity payable for a term of years) and in 
Table S (for an annuity payable for the life of one individual when the 
valuation date is after April 30, 1999). However, annuity actuarial 
factors are not included in Table B in Sec. 20.2031-7(d)(6) of this 
chapter or Table S in Sec. 20.2031-7(d)(7) (or in Sec. 20.2031-
7A(e)(4)) of this chapter. If Internal Revenue Service Publication 1457 
(or any other reliable source of annuity actuarial factors) is not 
conveniently available, an annuity factor for a term of years or for 
one life may be derived mathematically. This annuity factor may be 
derived by subtracting the applicable remainder factor (that 
corresponds to the applicable section 7520 interest rate and annuity 
period) in Table B (in the case of a term-of-years annuity) in 
Sec. 20.2031-7(d)(6) of this chapter or in Table S (in the case of a 
one-life annuity) in Sec. 20.2031-7(d)(7) of this chapter, as the case 
may be, from 1.000000 and then dividing the result by the applicable 
section 7520 interest rate expressed as a decimal number. See 
Sec. 20.2031-7(d)(2)(iv) of this chapter for an example that 
illustrates the computation of the present value of an annuity.
    (B) If the annuity is payable at the end of semiannual, quarterly, 
monthly, or weekly periods, the product obtained by multiplying the 
annuity factor by the aggregate amount payable annually is then 
multiplied by the applicable adjustment factor set forth in Table K in 
Sec. 20.2031-7(d)(6) of this chapter at the appropriate interest rate 
component for payments made at the end of the specified periods. The 
provisions of this paragraph (d)(2)(iv)(B) are illustrated by the 
following example:

    Example. In July, the donor agreed to pay the annuitant the sum 
of $10,000 per year, payable in equal semiannual installments at the 
end of each period. The semiannual installments are to be made on 
each December 31st and June 30th. The annuity is payable until the 
annuitant's death. On the date of the agreement, the annuitant is 68 
years and 5 months old. The donee annuitant's age is treated as 68 
for purposes of computing the present value of the annuity. The 
section 7520 rate on the date of the agreement is 10.6 percent. 
Under Table S in Sec. 20.2031-7(d)(7) of this chapter, the factor at 
10.6 percent for determining the present value of a remainder 
interest payable at the death of an individual aged 68 is .29691. 
Converting the remainder factor to an annuity factor, as described 
above, the annuity factor for determining the present value of an 
annuity transferred to an individual age 68 is 6.6329 (1.00000 minus 
.29691 divided by .106). The adjustment factor from Table K in 
Sec. 20.2031-7(d)(6) of this chapter in the column for payments made 
at the end of each semiannual period at the rate of 10.6 percent is 
1.0258. The aggregate annual amount of the annuity, $10,000, is 
multiplied by the factor 6.6329 and the product multiplied by 
1.0258. The present value of the donee's annuity is, therefore, 
$68,040.29 ($10,000  x  6.6329  x  1.0258).

    (C) If an annuity is payable at the beginning of annual, 
semiannual, quarterly, monthly, or weekly periods for a term of years, 
the value of the annuity is computed by multiplying the aggregate 
amount payable annually by the annuity factor described in paragraph 
(d)(2)(iv)(A) of this section; and the product so obtained is then 
multiplied by the adjustment factor in Table J in Sec. 20.2031-7(d)(6) 
of this chapter at the appropriate interest rate component for payments 
made at the beginning of specified periods. If an annuity is payable at 
the beginning of annual, semiannual, quarterly, monthly, or weekly 
periods for one or more lives, the value of the annuity is the sum of 
the first payment plus the present value of a similar annuity, the 
first payment of which is not to be made until the end of the payment 
period, determined as provided in paragraph (d)(2)(iv)(B) of this 
section.
    (v) Annuity and unitrust interests for a term of years or until the 
prior death of an individual--(A) Annuity interests. The present value 
of an annuity interest that is payable until the earlier to occur of 
the lapse of a specific number of years or the death of an individual 
may be computed with values from the tables in Sec. 20.2031-7(d)(6) and 
(d)(7) of this chapter as described in the following example:

    Example.  The donor transfers $100,000 into a trust and retains 
the right to receive an annuity from the trust in the amount of

[[Page 36942]]

$6,000 per year, payable in equal semiannual installments at the end 
of each period. The semiannual installments are to be made on each 
June 30th and December 31st. The annuity is payable for 10 years or 
until the donor's prior death. At the time of the transfer, the 
donor is 59 years and 6 months old. The donor's age is taken as 60 
for purposes of computing the present value of the retained annuity. 
The section 7520 rate for the month in which the transfer occurred 
is 9.8 percent. The present value of the donor's retained interest 
is $35,709.13, determined as follows:


TABLE S value at 9.8 percent, age 60.........................     .21669
TABLE S value at 9.8 percent, age 70.........................     .34762
TABLE 90CM value at age 70...................................     .71357
TABLE 90CM value at age 60...................................     .85537
TABLE B value at 9.8 percent, 10 years.......................    .392624
TABLE K value at 9.8 percent.................................     1.0239
 


    Factor for donor's retained interest at 9.8 percent:

    [GRAPHIC] [TIFF OMITTED] TR12JN00.004
    

    Present value of donor's retained interest:

($6,000  x  5.8126  x  1.0239)...$35,709.13

    (B) Unitrust interests. The present value of a unitrust interest 
that is payable until the earlier to occur of the lapse of a specific 
number of years or the death of an individual may be computed with 
values from the tables in Secs. 1.664-4(e)(6) and (e)(7) and 
Sec. 20.2031-7(d)(7) of this chapter as described in the following 
example:

    Example. The donor who, as of the nearest birthday, is 60 years 
old, transfers $100,000 to a unitrust on January 1st. The trust 
instrument requires that each year the trust pay to the donor, in 
equal semiannual installments on June 30th and December 31st, 6 
percent of the fair market value of the trust assets, valued as of 
January 1st each year, for 10 years or until the prior death of the 
donor. The section 7520 rate for the January in which the transfer 
occurred is 9.8 percent. Under Table F(9.8) in Sec. 1.664-4(e)(6) of 
this chapter, the appropriate adjustment factor is .932539 for 
semiannual payments payable at the end of the semiannual period. The 
adjusted payout rate is 5.595 percent (6%  x  .932539). The present 
value of the donor's retained interest is $40,848.00 determined as 
follows:

TABLE U(1) value at 5.6 percent, age 60......................     .35375
TABLE U(1) value at 5.6 percent, age 70......................     .49342
TABLE 90CM value at age 70...................................      71357
TABLE 90CM value at age 60...................................      85537
TABLE D value at 5.6 percent, 10 years.......................    .561979
 


    Factor for donor's retained interest at 5.6 percent:

(1.000000 - .35375) - (.561979  x  (71357/85537)  x  (1.000000 - 
.49342)) = .40876


TABLE U(1) value at 5.4 percent, age 60......................     .36542
TABLE U(1) value at 5.4 percent, age 70......................     .50473
TABLE 90CM value at age 70...................................      71357
TABLE 90CM value at age 60...................................      85537
TABLE D value at 5.4 percent, 10 years.......................    .573999
 


    Factor for donor's retained interest at 5.4 percent:
    [GRAPHIC] [TIFF OMITTED] TR12JN00.005
    

    Interpolation adjustment:

    [GRAPHIC] [TIFF OMITTED] TR12JN00.006
    

Factor at 5.4 percent, age 60................................     .39742
Plus: Interpolation adjustment...............................     .01106
                                                              ----------
Interpolated Factor..........................................     .40848
 


    Present value of donor's retained interest:

($100,000  x  .40848)..........$40,848.00

    (3) Transitional rule. If the valuation date of a transfer of 
property by gift is after April 30, 1999, and before July 1, 1999, the 
fair market value of the interest transferred is determined by use of 
the section 7520 interest rate for the month in which the valuation 
date occurs (see Secs. 25.7520-1(b) and 25.7520-2(a)(2)) and the 
appropriate actuarial tables under either paragraph (d)(2) of this 
section or Sec. 25.2512-5A(e), at the option of the donor. However, 
with respect to each individual transaction and with respect to all 
transfers occurring on the valuation date, the donor must use the same 
actuarial tables (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 Secs. 20.2031-
7(d)(6) or (d)(7) of this chapter are included in Internal Revenue 
Service Publication 1457, ``Actuarial Values, Book Aleph,'' (7-1999). 
Internal Revenue Service Publication 1457 also includes examples that 
illustrate how to compute many special factors for more unusual 
situations. A copy of this publication is available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402. See Sec. 25.2512-5A for publications 
containing actuarial factors for valuing interests for which the 
valuation date is before May 1, 1999. If a special factor is required 
in the case of a completed gift, the Service may furnish the factor to 
the donor upon a request for a ruling. The request for a ruling must be 
accompanied by a recitation of the facts including a statement of the 
date of birth for each measuring life, the date of the gift, any other 
applicable dates, and a copy of the will, trust, or other relevant 
documents. A request for a ruling must comply with the instructions for 
requesting a ruling published periodically in the Internal Revenue 
Bulletin (see Secs. 601.201 and 601.601(d)(2)(ii)(b) of this chapter) 
and include payment of the required user fee.
    (e) Effective dates. This section applies after April 30, 1999.


Sec. 25.2512-5T  [Removed]

    Par. 19. Section 25.2512-5T is removed.
    Par. 20. Section 25.7520-1 is amended by revising paragraphs 
(b)(2), (c)(1), (c)(2) and (d) to read as follows:


Sec. 25.7520-1  Valuation of annuities, unitrust interests, interests 
for life or term of years, and remainder or reversionary interests.

* * * * *
    (b) * * *

[[Page 36943]]

    (2) Mortality component. The mortality component reflects the 
mortality data most recently available from the United States Census. 
As new mortality data becomes available after each decennial census, 
the mortality component described in this section will be revised 
periodically and the mortality component tables will be published in 
the regulations at that time. For gifts with valuation dates after 
April 30, 1999, the mortality component table (Table 90CM) is included 
in Sec. 20.2031-7(d)(7) of this chapter. See Sec. 20.2031-7A of this 
chapter for mortality component tables applicable to decedent's estates 
with valuation dates before May 1, 1999.
    (c) * * *
    (1) Regulation sections containing tables with interest rates 
between 4.2 and 14 percent for valuation dates after April 30, 1999. 
Section 1.642(c)-6(e)(6) of this chapter contains Table S used for 
determining the present value of a single life remainder interest in a 
pooled income fund as defined in Sec. 1.642(c)-5 of this chapter. See 
Sec. 1.642(c)-6A for single life remainder factors applicable to 
valuation dates before May 1, 1999. Section 1.664-4(e)(6) of this 
chapter contains Table F (payout factors) and Table D (actuarial 
factors used in determining the present value of a remainder interest 
postponed for a term of years). Section 1.664-4(e)(7) of this chapter 
contains Table U(1) (unitrust single life remainder factors). These 
tables are used in determining the present value of a remainder 
interest in a charitable remainder unitrust as defined in Sec. 1.664-3 
of this chapter. See Sec. 1.664-4A for unitrust single life remainder 
factors applicable to valuation dates before May 1, 1999. Section 
20.2031-7(d)(6) of this chapter contains Table B (actuarial factors 
used in determining the present value of an interest for a term of 
years), Table K (annuity end-of-interval adjustment factors), Table J 
(term certain annuity beginning-of-interval adjustment factors). 
Section 20.2031-7(d)(7) of this chapter contains Table S (single life 
remainder factors) and Table 90CM (mortality components). These tables 
are used in determining the present value of annuities, life estates, 
remainders, and reversions. See Sec. 20.2031-7A of this chapter for 
single life remainder factors and mortality components applicable to 
valuation dates before May 1, 1999.
    (2) Internal Revenue Service publications containing tables with 
interest rates between 2.2 and 22 percent for valuation dates after 
April 30, 1999. The following documents are available for purchase from 
the Superintendent of Documents, United States Government Printing 
Office, Washington, DC 20402:
    (i) Internal Revenue Service Publication 1457, ``Actuarial Values, 
Book Aleph,'' (7-1999). This publication includes tables of valuation 
factors, as well as examples that show how to compute other valuation 
factors, for determining the present value of annuities, life estates, 
terms of years, remainders, and reversions, measured by one or two 
lives. These factors may also be used in the valuation of interests in 
a charitable remainder annuity trust as defined in Sec. 1.664-2 of this 
chapter and a pooled income fund as defined in Sec. 1.642(c)-5 of this 
chapter. See Sec. 25-2512-5A for publications containing tables for 
valuation dates before May 1, 1999.
    (ii) Internal Revenue Service Publication 1458, ``Actuarial Values, 
Book Beth,'' (7-1999). This publication includes term certain tables 
and tables of one and two life valuation factors for determining the 
present value of remainder interests in a charitable remainder unitrust 
as defined in Sec. 1.664-3 of this chapter. See Sec. 1.664-4A of this 
chapter for publications containing tables for valuation dates before 
May 1, 1999.
    (iii) Internal Revenue Service Publication 1459, ``Actuarial 
Values, Book Gimel,'' (7-1999). This publication includes tables for 
computing depreciation adjustment factors. See Sec. 1.170A-12 of this 
chapter.
    (d) Effective date. This section applies after April 30, 1989.


Sec. 25.7520-1T  [Removed]

    Par. 21. Section 25.7520-1T is removed.

PARTS 1, 20 AND 25--[AMENDED]

    Par. 22. In the list below, for each section indicated in the left 
column, remove the language in the middle column and add the language 
in the right column:

----------------------------------------------------------------------------------------------------------------
                Section                              Remove                                Add
----------------------------------------------------------------------------------------------------------------
1.170A-12(e)(2), following the formula.  Sec.  20.2031-7T..............  Sec.  20.2031-7.
1.642(c)-6A(e)(2)(ii), last sentence...  Sec.  1.642(c)-6T(e)(3)(ii)...  Sec.  1.642(c)-6(e)(3)(ii).
1.642(c)-6A(e)(3)......................  Sec.  1.642(c)-6T(e)(4).......  Sec.  1.642(c)-6(e)(4).
1.642(c)-6A(e)(4), last sentence.......  Sec.  1.642(c)-6T(e)(5).......  Sec.  1.642(c)-6(e)(5).
1.664-1(a)(6), introductory text.......  Secs.  1.664-4T(e), 1.664-      Secs.  1.664-4(e) and 1.664-4A(d) and
                                          4T(e) and 1.664-4A(d) and (e).  (e).
1.664-4(e)(6), second sentence.........  Sec.  1.664-4T(e)(7)..........  paragraph (e)(5) of this section.
1.664-4A(e)(4), fifth sentence.........  Sec.  1.664-4T(e)(4)..........  Sec.  1.664-4(e)(4).
1.664-4A(e)(4), last sentence..........  Sec.  1.664-4T(e)(4)..........  Sec.  1.664-4(e)(4).
1.664-4A(e)(5), fourth sentence........  Sec.  1.664-4T(e)(5)..........  Sec.  1.664-4(e)(5).
1.664-4A(e)(5), last sentence..........  Sec.  1.664-4T(e)(5)..........  Sec.  1.664-4(e)(5).
1.7520-1(a)(2).........................  Sec.  1.642(c)-6T(e)..........  Sec.  1.642(c)-6(e).
20.2031-7A(e)(1), first sentence.......  Sec.  20.2031-7T(d)...........  Sec.  20.2031-7(d).
20.2055-2(f)(4)........................  Sec.  20.2031-7T(d)...........  Sec.  20.2031-7(d).
25.2512-5A(e)(1), first sentence.......  Sec.  25.2512-5T(d)...........  Sec.  25.2512-5(d).
25.7520-1(a)(2)........................  Sec.  1.642(c)-6T(e)..........  Sec.  1.642(c)-6(e).
25.7520-3(b)(2)(v), Example 5 (iii)....  Sec.  20.2031-7T(d)(7)........  Sec.  20.2031-7(d)(7).
----------------------------------------------------------------------------------------------------------------



[[Page 36944]]

Robert E. Wenzel,
Deputy Commissioner of Internal Revenue.


    Approved: May 17, 2000.
Jonathan Talisman,
Deputy Assistant Secretary of the Treasury (Tax Policy).
[FR Doc. 00-12986 Filed 6-9-00; 8:45 am]
BILLING CODE 4830-01-P