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Effective: August 1, 2008 | |
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19.25.30.10ar2 - Annuity Life Expectancy Table (Archive) |
Archived: May 1, 2009 |
Counties were notified of changes in Bulletin #08-21-04, ”r;Changes in the Treatment of Annuities for Medical Assistance (MA) Payment of Long-term Care (LTC) Services Eligibility and Benefit Recovery Announced,” issued May 27, 2008.
Note: A follow-up bulletin corrects an error in this bulletin. See Bulletin #08-21-04C, Correction to Bulletin #08-21-04, Changes in the Treatment of Annuities for Medical Assistance (MA) Payment of Long-Term Care (LTC) Services Eligibility and Benefit Recovery Announced," issued November 4, 2008.
For annuities evaluated prior to July 1, 2008, use the Annuity Life Expectancy Table found in this section’s archive, above.
For Method 1 annuities evaluated on or after July 1, 2008, use the Social Security Administration (SSA) Period Life Table.
For Method 2 annuities evaluated before August 1, 2008, use the Annuity Life Expectancy Table found in this section’s archive link, above.
On or after August 1, 2008, use the SSA Period Life Table when calculating the value of an annuity transfer and the actuarial soundness of an annuity.
This table is used when calculating the value of an annuity transfer.
|
Age |
Male Ave Yrs of Life Remaining |
Female Ave Yrs of Life Remaining |
|
Age |
Male Ave Yrs of Life Remaining |
Female Ave Yrs of Life Remaining |
|
0-9 |
73.26 |
79.26 |
|
60 |
19.07 |
22.99 |
|
10-19 |
64.03 |
69.93 |
|
61 |
18.33 |
22.18 |
|
20-29 |
54.41 |
60.13 |
|
62 |
17.60 |
21.38 |
|
30-39 |
45.14 |
50.43 |
|
63 |
16.89 |
20.60 |
|
40-49 |
35.94 |
40.86 |
|
64 |
16.19 |
19.82 |
|
50-59 |
27.13 |
31.61 |
|
65 |
15.52 |
19.06 |
|
|
|
|
|
66 |
14.86 |
18.31 |
|
|
|
|
|
67 |
14.23 |
17.58 |
|
|
|
|
|
68 |
13.61 |
16.85 |
|
|
|
|
|
69 |
13.00 |
16.14 |
|
Age |
Male Ave Yrs of Life Remaining |
Female Ave Yrs of Life Remaining |
|
Age |
Male Ave Yrs of Life Remaining |
Female Ave Yrs of Life Remaining |
|
70 |
12.41 |
15.44 |
|
80 |
7.16 |
9.11 |
|
71 |
11.82 |
14.85 |
|
81 |
6.72 |
8.57 |
|
72 |
11.24 |
14.06 |
|
82 |
6.31 |
8.04 |
|
73 |
10.67 |
13.40 |
|
83 |
5.92 |
7.54 |
|
74 |
10.12 |
12.74 |
|
84 |
5.55 |
7.05 |
|
75 |
9.58 |
12.00 |
|
85 |
5.20 |
6.59 |
|
76 |
9.06 |
11.46 |
|
86 |
4.86 |
6.15 |
|
77 |
8.56 |
10.85 |
|
87 |
4.55 |
5.74 |
|
78 |
8.07 |
10.25 |
|
88 |
4.26 |
5.34 |
|
79 |
7.61 |
9.67 |
|
89 |
3.98 |
4.97 |
|
Age |
Male Ave Yrs of Life Remaining |
Female Ave Yrs of Life Remaining |
|
90-94 |
3.73 |
4.63 |
|
95-99 |
2.71 |
3.26 |
|
100-109 |
2.05 |
2.39 |
|
110 |
1.14 |
1.22 |