Section 701.86.7. Life estate, remainder and annuity tables—in general.

 For estates of decedents dying on or after July 4, 1965, and prior to January 1, 1986, the value of a life estate in property, an annuity for life and the value of a remainder interest in the property, shall be computed by the use of the commissioners’ standard ordinary mortality table at the rate of 4 percent per annum.

         86.7(1) Tables for life estates and remainders. This subrule only applies to estates of decedents dying on or after July 4, 1965, and prior to January 1, 1986. The two factors on the same line on the next page added together equal 100 percent. Multiply the corpus of the estate by the first factor to obtain the value of the life estate. Use the second factor to obtain the value of the remainder interest in the corpus if the tax is to be paid within 12 months after the death of the decedent who created the life estate remainder. If the tax on the remainder is to be paid prior to the death of the life tenant, but after one year from the decedent’s death, use the remainder factor opposite the age of the life tenant at the time the tax is to be paid.

Age of Life Tenant		Life Estate		Remainder
0		.90164		.09836
1		.89936		.10064
2		.89900		.10100
3		.89676		.10324
4		.89396		.10604
5		.89104		.10896
6		.88792		.11208
7		.88464		.11536
8		.88120		.11880
9		.87756		.12244
10		.87380		.12620
11		.86984		.13016
12		.86576		.13424
13		.86152		.13848
14		.85716		.14284
15		.85268		.14732
16		.84808		.15192
17		.84336		.15664
18		.83852		.16148
19		.83356		.16644
20		.82840		.17160
21		.82308		.17692
22		.81756		.18244
23		.81184		.18816
24		.80592		.19408
25		.79976		.20024
26		.79336		.20664
27		.78672		.21328
28		.77984		.22016
29		.77268		.22732
30		.76524		.23476
31		.75756		.24244
32		.74960		.25040
33		.74132		.25868
34		.73280		.26720
35		.72392		.27608
36		.71476		.28524
37		.70532		.29468
38		.69560		.30440
39		.68560		.31440
40		.67536		.32464
41		.66488		.33512
42		.65412		.34588
43		.64316		.35684
44		.63192		.36808
45		.62044		.37956
46		.60872		.39128
47		.59680		.40320
48		.58464		.41536
49		.57228		.42772
50		.55972		.44028
51		.54700		.45300
52		.53412		.46588
53		.52104		.47896
54		.50788		.49212
55		.49452		.50548
56		.48108		.51892
57		.46756		.53244
58		.45392		.54608
59		.44024		.55976
60		.42652		.57348
61		.41280		.58720
62		.39908		.60092
63		.38538		.61462
64		.37174		.62826
65		.35817		.64183
66		.34471		.65529
67		.33140		.66860
68		.31829		.68171
69		.30542		.69458
70		.29282		.70718
71		.28048		.71952
72		.26840		.73160
73		.25653		.74347
74		.24481		.75519
75		.23322		.76678
76		.22175		.77825
77		.21045		.78955
78		.19938		.80062
79		.18863		.81137
80		.17826		.82174
81		.16830		.83170
82		.15876		.84124
83		.14960		.85040
84		.14078		.85922
85		.13224		.86776
86		.12395		.87605
87		.11584		.88416
88		.10785		.89215
89		.09990		.90010
90		.09192		.90808
91		.08386		.91614
92		.07563		.92437
93		.06715		.93285
94		.05826		.94174
95		.04866		.95134
96		.03801		.96199
97		.02595		.97405
98		.01275		.98725
99		.00000		1.00000

         86.7(2) Table for an annuity for life. This subrule only applies to estates of decedents dying on or after July 4, 1965, and prior to January 1, 1986. To find the present value of an annuity or a given amount (specified sum) for life, annualize the annuity payments and multiply the result by the annuity factor in Column 3 opposite the age at the nearest birthday of the person receiving the annuity.

Column 1 Age in Years		Column 2 Life Expectancy in Years		Column 3 4% Annuities $1.00
0		68.30		22.541
1		67.78		22.484
2		66.90		22.475
3		66.00		22.419
4		65.10		22.349
5		64.19		22.276
6		63.27		22.198
7		62.35		22.116
8		61.43		22.030
9		60.51		21.939
10		59.58		21.845
11		58.65		21.746
12		57.72		21.644
13		56.80		21.538
14		55.87		21.429
15		54.95		21.317
16		54.03		21.202
17		53.11		21.084
18		52.19		20.963
19		51.28		20.839
20		50.37		20.710
21		49.46		20.577
22		48.55		20.439
23		47.64		20.296
24		46.73		20.148
25		45.82		19.994
26		44.90		19.834
27		43.99		19.668
28		43.08		19.496
29		42.16		19.317
30		41.25		19.131
31		40.34		18.939
32		39.43		18.740
33		38.51		18.533
34		37.60		18.320
35		36.69		18.098
36		35.78		17.869
37		34.88		17.633
38		33.97		17.390
39		33.07		17.140
40		32.18		16.884
41		31.29		16.622
42		30.41		16.353
43		29.54		16.079
44		28.67		15.798
45		27.81		15.511
46		26.95		15.218
47		26.11		14.920
48		25.27		14.616
49		24.45		14.307
50		23.63		13.993
51		22.82		13.675
52		22.03		13.353
53		21.25		13.026
54		20.47		12.697
55		19.71		12.363
56		18.97		12.027
57		18.23		11.689
58		17.51		11.348
59		16.81		11.006
60		16.12		10.663
61		15.44		10.320
62		14.78		9.9770
63		14.14		9.6346
64		13.51		9.2935
65		12.90		8.9543
66		12.31		8.6178
67		11.73		8.2851
68		11.17		7.9572
69		10.64		7.6355
70		10.12		7.3204
71		9.63		7.0121
72		9.15		6.7101
73		8.69		6.4133
74		8.24		6.1203
75		7.81		5.8304
76		7.39		5.5437
77		6.98		5.2612
78		6.59		4.9845
79		6.21		4.7158
80		5.85		4.4566
81		5.51		4.2076
82		5.19		3.9689
83		4.89		3.7399
84		4.60		3.5194
85		4.32		3.3061
86		4.06		3.0988
87		3.80		2.8961
88		3.55		2.6963
89		3.31		2.4975
90		3.06		2.2981
91		2.82		2.0965
92		2.58		1.8907
93		2.33		1.6787
94		2.07		1.4564
95		1.80		1.2166
96		1.51		.9503
97		1.18		.6487
98		.83		.3189
99		.50		.0000

         86.7(3) Annuity tables when the term is certain. This table is to be used to compute the present values of two types of annuities: (1) the use of property for a specific number of years and (2) an annuity of a specific amount of money for a number of years certain. To compute the present value of the first annuity, multiply the value of property by 4 percent. Then multiply the result by the annuity factor opposite the number of years of the annuity. Multiply the value of the property by the remainder factor for the present value of the remainder. For the second annuity annualize the payments and multiply the result by the annuity factor opposite the number of years of the annuity. Subtract the present value of the annuity from the value of the property from which the annuity is funded for the remainder value.

	Number of Years		Present Value of an Annuity of One Dollar, Payable at the End of Each Year, for a Certain No.            of Years		Present Value of One Dollar, Payable at the End of a Certain Number of Years
			ANNUITY		REMAINDER
	1		$0.96154		$0.961538
	2		1.88609		0.924556
	3		2.77509		0.888996
	4		3.62990		0.854804
	5		4.45182		0.821927
	6		5.24214		0.790315
	7		6.00205		0.759918
	8		6.73274		0.730690
	9		7.43533		0.702587
	10		8.11090		0.675564
	11		8.76048		0.649581
	12		9.38507		0.624597
	13		9.98565		0.600574
	14		10.56312		0.577475
	15		11.11839		0.555265
	16		$11.65230		$0.533908
	17		12.16567		0.513373
	18		12.65930		0.493628
	19		13.13394		0.474642
	20		13.59033		0.456387
	21		14.02916		0.438834
	22		14.45112		0.421955
	23		14.85684		0.405726
	24		15.24696		0.390121
	25		15.62208		0.375117
	26		15.98277		0.360689
	27		16.32959		0.346817
	28		16.66306		0.333477
	29		16.98371		0.320651
	30		17.29203		0.308319

   86.7(4) Tables for life estates and remainders for estates of decedents dying on or after January 1, 1986, and prior to January 1, 2004. For estates of decedents dying on or after January 1, 1986, and prior to January 1, 2004, the following tables are to be used in computing the value of a life estate, an annuity for life and the value of a remainder in property. The table is based on the commissioners’ standard ordinary mortality tables of life expectancy, with no distinction being made between the life expectancy of males and females of the same age. As a result, the sex of the recipient is not relevant in computing the value of the property interest received. Arizona Governing Committee for Tax Deferred Annuity and Deferred Compensation Plans v. Norris, 463 U.S. 1073, 103 S.Ct. 3492, 77 L.Ed.2d 1236 (1983). Valuation is based on the age at the nearest birthday. The following table is to be applied in the same manner as specified in subrule 86.7(1).

1980 CSO-D MORTALITY TABLE

BASED ON BLENDING 50% MALE—50% FEMALE

(PIVOTAL AGE 45)

AGE NEAREST BIRTHDAY

4% INTEREST

AGE OF LIFE TENANT	LIFE ESTATE	REMAINDER	AGE OF LIFE TENANT	LIFE ESTATE	REMAINDER
0	.91904	.08096	50	.61730	.38270
1	.91919	.08081	51	.60576	.39424
2	.91689	.08311	52	.59399	.40601
3	.91443	.08557	53	.58199	.41801
4	.91186	.08814	54	.56979	.43021
5	.90914	.09086	55	.55740	.44260
6	.90629	.09371	56	.54483	.45517
7	.90329	.09671	57	.53206	.46794
8	.90014	.09986	58	.51906	.48094
9	.89683	.10317	59	.50582	.49418
10	.89338	.10662	60	.49234	.50766
11	.88977	.11023	61	.47862	.52138
12	.88603	.11397	62	.46471	.53529
13	.88219	.11781	63	.45064	.54936
14	.87828	.12172	64	.43647	.56353
15	.87429	.12571	65	.42226	.57774
16	.87027	.12973	66	.40801	.59199
17	.86617	.13383	67	.39372	.60628
18	.86200	.13800	68	.37936	.62064
19	.85773	.14227	69	.36489	.63511
20	.85333	.14667	70	.35031	.64969
21	.84878	.15122	71	.33565	.66435
22	.84404	.15596	72	.32098	.67902
23	.83912	.16088	73	.30639	.69361
24	.83399	.16601	74	.29199	.70801
25	.82865	.17135	75	.27787	.72213
26	.82306	.17694	76	.26405	.73595
27	.81724	.18276	77	.25053	.74947
28	.81117	.18883	78	.23727	.76273
29	.80487	.19513	79	.22422	.77578
30	.79833	.20167	80	.21134	.78866
31	.79155	.20845	81	.19866	.80134
32	.78451	.21549	82	.18625	.81375
33	.77723	.22277	83	.17419	.82581
34	.76970	.23030	84	.16260	.83740
35	.76192	.23808	85	.15151	.84849
36	.75389	.24611	86	.14093	.85907
37	.74562	.25438	87	.13081	.86919
38	.73710	.26290	88	.12108	.87892
39	.72836	.27164	89	.11163	.88837
40	.71940	.28060	90	.10235	.89765
41	.71022	.28978	91	.09309	.90691
42	.70083	.29917	92	.08368	.91632
43	.69122	.30878	93	.07390	.92610
44	.68138	.31862	94	.06350	.93650
45	.67131	.32869	95	.05221	.94779
46	.66101	.33899	96	.03994	.96006
47	.65046	.34954	97	.02678	.97322
48	.63966	.36034	98	.01321	.98679
49	.62860	.37140	99	.00000	1.00000

         86.7(5) Table for an annuity for life—for estates of decedents dying on or after January 1, 1986, and prior to January 1, 2004. The following table is to be used in computing the present value of an annuity of a given amount (specified sum) for life in estates of decedents dying on or after January 1, 1986, and prior to January 1, 2004. The table is to be used in the same manner as the table listed in subrule 86.7(2).

1980 CSO-D MORTALITY TABLE

BASED ON BLENDING 50% MALE—50% FEMALE

(PIVOTAL AGE 45)

AGE NEAREST BIRTHDAY

4% INTEREST

AGE IN YEARS	LIFE EXPECTANCY IN YEARS	ANNUITIES $1.00	AGE IN YEARS	LIFE EXPECTANCY IN YEARS	ANNUITIES $1.00
0	73.30	22.976	50	27.45	15.433
1	72.56	22.980	51	26.61	15.144
2	71.63	22.922	52	25.77	14.850
3	70.70	22.861	53	24.94	14.550
4	69.76	22.796	54	24.13	14.245
5	68.82	22.728	55	23.32	13.935
6	67.87	22.657	56	22.52	13.621
7	66.93	22.582	57	21.73	13.301
8	65.98	22.504	58	20.95	12.976
9	65.03	22.421	59	20.18	12.645
10	64.07	22.334	60	19.41	12.308
11	63.12	22.244	61	18.66	11.966
12	62.16	22.151	62	17.91	11.618
13	61.21	22.055	63	17.18	11.266
14	60.27	21.957	64	16.45	10.912
15	59.32	21.857	65	15.75	10.557
16	58.39	21.757	66	15.05	10.200
17	57.46	21.654	67	14.38	9.843
18	56.53	21.550	68	13.71	9.484
19	55.61	21.443	69	13.06	9.122
20	54.69	21.333	70	12.42	8.758
21	53.77	21.219	71	11.79	8.391
22	52.85	21.101	72	11.17	8.024
23	51.93	20.978	73	10.57	7.660
24	51.01	20.850	74	10.00	7.300
25	50.08	20.716	75	9.44	6.947
26	49.15	20.576	76	8.91	6.601
27	48.23	20.431	77	8.39	6.263
28	47.30	20.279	78	7.90	5.932
29	46.36	20.122	79	7.42	5.605
30	45.43	19.958	80	6.96	5.283
31	44.50	19.789	81	6.52	4.967
32	43.57	19.613	82	6.09	4.656
33	42.64	19.431	83	5.68	4.355
34	41.72	19.242	84	5.29	4.065
35	40.79	19.048	85	4.93	3.788
36	39.87	18.847	86	4.58	3.523
37	38.94	18.640	87	4.26	3.270
38	38.03	18.428	88	3.95	3.027
39	37.11	18.209	89	3.66	2.791
40	36.21	17.985	90	3.37	2.559
41	35.30	17.756	91	3.09	2.327
42	34.41	17.521	92	2.81	2.092
43	33.52	17.280	93	2.52	1.848
44	32.63	17.035	94	2.22	1.588
45	31.75	16.783	95	1.90	1.305
46	30.88	16.525	96	1.56	.999
47	30.01	16.261	97	1.20	.670
48	29.15	15.991	98	.84	.330
49	28.30	15.715	99	.50	.000

         86.7(6) Table for life estates and remainders for estates of decedents dying on or after January 1, 2004. For estates of decedents dying on or after January 1, 2004, the following table is to be used in computing the value of a life estate, an annuity for life and the value of a remainder in property. The following table is to be applied in the same manner as specified in subrule 86.7(1).

2001 CSO-D MORTALITY TABLE

BASED ON BLENDING 50% MALE—50% FEMALE

(PIVOTAL AGE 45)

AGE NEAREST BIRTHDAY

4% INTEREST

The two factors across the page equal 100 percent. Multiply the corpus of the estate by the first factor to obtain value of the life estate.

Use the second factor to obtain the remainder interest if the tax is to be paid at the time of probate or to determine if there would be any tax due.

AGE OF LIFE TENANT	LIFE ESTATE	REMAINDER	AGE OF LIFE TENANT	LIFE ESTATE	REMAINDER
0	0.94022	0.05978	60	0.54240	0.45760
1	0.93854	0.06146	61	0.52918	0.47082
2	0.93653	0.06347	62	0.51579	0.48421
3	0.93431	0.06569	63	0.50229	0.49771
4	0.93192	0.06808	64	0.48868	0.51132
5	0.92939	0.07061	65	0.47495	0.52505
6	0.92676	0.07324	66	0.46112	0.53888
7	0.92402	0.07598	67	0.44717	0.55283
8	0.92119	0.07881	68	0.43306	0.56694
9	0.91825	0.08175	69	0.41882	0.58118
10	0.91519	0.08481	70	0.40442	0.59558
11	0.91202	0.08789	71	0.38991	0.61009
12	0.90874	0.09126	72	0.37533	0.62467
13	0.90537	0.09463	73	0.36081	0.63919
14	0.90192	0.09808	74	0.34633	0.65367
15	0.89837	0.10163	75	0.33189	0.66811
16	0.89475	0.10525	76	0.31751	0.68249
17	0.89107	0.10893	77	0.30318	0.69682
18	0.88731	0.11269	78	0.28898	0.71102
19	0.88344	0.11656	79	0.27495	0.72505
20	0.87944	0.12056	80	0.26116	0.73884
21	0.87529	0.12471	81	0.24761	0.75239
22	0.87098	0.12902	82	0.23452	0.76548
23	0.86651	0.13349	83	0.22188	0.77812
24	0.86186	0.13814	84	0.20962	0.79038
25	0.85704	0.14296	85	0.19778	0.80222
26	0.85205	0.14795	86	0.18642	0.81358
27	0.84688	0.15312	87	0.17540	0.82460
28	0.84154	0.15846	88	0.16507	0.83493
29	0.83599	0.16401	89	0.15544	0.84456
30	0.83022	0.16978	90	0.14650	0.85350
31	0.82421	0.17579	91	0.13802	0.86198
32	0.81798	0.18202	92	0.12909	0.87091
33	0.81151	0.18849	93	0.12008	0.87992
34	0.80480	0.19520	94	0.11133	0.88867
35	0.79786	0.20214	95	0.10320	0.89680
36	0.79068	0.20932	96	0.09618	0.90382
37	0.78326	0.21674	97	0.09014	0.90986
38	0.77559	0.22441	98	0.08532	0.91468
39	0.76767	0.23233	99	0.07952	0.92048
40	0.75949	0.24051	100	0.07338	0.92662
41	0.75104	0.24896	101	0.06745	0.93255
42	0.74233	0.25767	102	0.06160	0.93840
43	0.73335	0.26665	103	0.05590	0.94410
44	0.72412	0.27588	104	0.05042	0.94958
45	0.71463	0.28537	105	0.04523	0.95477
46	0.70490	0.29510	106	0.04045	0.95955
47	0.69491	0.30509	107	0.03604	0.96396
48	0.68468	0.31532	108	0.03199	0.96801
49	0.67415	0.32585	109	0.02823	0.97177
50	0.66333	0.33667	110	0.02479	0.97521
51	0.65223	0.34777	111	0.02174	0.97826
52	0.64086	0.35914	112	0.01899	0.98101
53	0.62926	0.37074	113	0.01643	0.98357
54	0.61743	0.38257	114	0.01357	0.98643
55	0.60539	0.39461	115	0.01107	0.98893
56	0.59317	0.40683	116	0.00869	0.99131
57	0.58077	0.41923	117	0.00638	0.99362
58	0.56821	0.43179	118	0.00437	0.99563
59	0.55542	0.44458	119	0.00246	0.99754
			120	0.00000	1.00000

         86.7(7) Table for an annuity for life—for estates of decedents dying on or after January 1, 2004. The following table is to be used in computing the present value of an annuity of a given amount (specified sum) for life in estates of decedents dying on or after January 1, 2004. The table is to be used in the same manner as the table listed in subrule 86.7(2).

2001 CSO-D MORTALITY TABLE

BASED ON BLENDING 50% MALE—50% FEMALE

(PIVOTAL AGE 45)

AGE NEAREST BIRTHDAY

4% INTEREST

To find the present value of an annuity or a given amount (specified sum) for life, multiply the annuity by the annuity factor opposite the age at the nearest birthday of the person receiving the annuity.

AGE IN YEARS		LIFE EXPECTANCY IN YEARS		ANNUITIES $1.00
	0		78.65		23.505
	1		77.73		23.464
	2		76.78		23.413
	3		75.81		23.358
	4		74.84		23.298
	5		73.86		23.235
	6		72.87		23.169
	7		71.89		23.101
	8		70.91		23.030
	9		69.92		22.956
	10		68.94		22.880
	11		67.95		22.801
	12		66.97		22.718
	13		65.99		22.634
	14		65.01		22.548
	15		64.04		22.459
	16		63.07		22.369
	17		62.11		22.277
	18		61.15		22.183
	19		60.19		22.086
	20		59.23		21.986
	21		58.27		21.882
	22		57.32		21.774
	23		56.36		21.663
	24		55.40		21.547
	25		54.45		21.426
	26		53.49		21.301
	27		52.53		21.172
	28		51.58		21.038
	29		50.63		20.900
	30		49.67		20.755
	31		48.72		20.605
	32		47.76		20.449
	33		46.81		20.288
	34		45.85		20.120
	35		44.90		19.946
	36		43.95		19.767
	37		43.00		19.581
	38		42.05		19.390
	39		41.11		19.192
	40		40.16		18.987
	41		39.22		18.776
	42		38.28		18.558
	43		37.35		18.334
	44		36.42		18.103
	45		35.49		17.866
	46		34.57		17.623
	47		33.65		17.373
	48		32.74		17.117
	49		31.84		16.854
	50		30.94		16.583
	51		30.04		16.306
	52		29.15		16.021
	53		28.27		15.731
	54		27.40		15.436
	55		26.54		15.135
	56		25.68		14.829
	57		24.84		14.519
	58		24.01		14.205
	59		23.19		13.886
	60		22.38		13.560
	61		21.57		13.229
	62		20.78		12.895
	63		20.00		12.557
	64		19.24		12.217
	65		18.49		11.874
	66		17.75		11.528
	67		17.02		11.179
	68		16.31		10.827
	69		15.60		10.470
	70		14.91		10.110
	71		14.23		9.748
	72		13.56		9.383
	73		12.91		9.020
	74		12.28		8.658
	75		11.66		8.297
	76		11.06		7.938
	77		10.47		7.580
	78		9.91		7.224
	79		9.36		6.874
	80		8.83		6.529
	81		8.32		6.190
	82		7.84		5.863
	83		7.38		5.547
	84		6.94		5.240
	85		6.52		4.944
	86		6.13		4.660
	87		5.75		4.385
	88		5.41		4.127
	89		5.09		3.886
	90		4.79		3.662
	91		4.51		3.451
	92		4.23		3.227
	93		3.94		3.002
	94		3.67		2.783
	95		3.43		2.580
	96		3.21		2.405
	97		3.03		2.253
	98		2.88		2.133
	99		2.71		1.988
	100		2.53		1.835
	101		2.35		1.686
	102		2.18		1.540
	103		2.02		1.398
	104		1.87		1.260
	105		1.72		1.131
	106		1.59		1.011
	107		1.47		0.901
	108		1.35		0.800
	109		1.25		0.706
	110		1.16		0.620
	111		1.08		0.544
	112		1.00		0.475
	113		0.93		0.411
	114		0.86		0.339
	115		0.79		0.277
	116		0.73		0.217
	117		0.67		0.159
	118		0.61		0.109
	119		0.56		0.062
	120		0.50		0.000

This rule is intended to implement Iowa Code sections 450.51 and 450.52.

[ ARC 1137C , IAB 10/30/13, effective 12/4/13]