Uniform Interest Factors for Calculating
Suggested Maximum Deferred Gift Annuity Rates
|
|
Years of Deferral*
|
Interest Factor at 5.75% Per Annum, Compounded Annually
|
|
At Least
|
But Less Than
|
|
0
|
1
|
1.000
|
|
1
|
2
|
1.058
|
|
2
|
3
|
1.118
|
|
3
|
4
|
1.183
|
|
4
|
5
|
1.251
|
|
5
|
6
|
1.323
|
|
|
7
|
1.399
|
|
|
8
|
1.479
|
|
|
|
1.564
|
|
|
10
|
1.654
|
|
|
11
|
1.749
|
|
|
12
|
1.850
|
|
|
13
|
1.956
|
|
|
14
|
2.068
|
|
|
15
|
2.187
|
|
|
16
|
2.313
|
|
|
17
|
2.446
|
|
|
18
|
2.587
|
|
|
19
|
2.736
|
|
|
20
|
2.893
|
|
|
21
|
3.059
|
|
|
22
|
3.235
|
|
|
23
|
3.421
|
|
|
24
|
3.618
|
|
|
25
|
3.826
|
|
|
26
|
4.046
|
|
|
27
|
4.278
|
|
|
28
|
4.524
|
|
|
29
|
4.785
|
|
|
30
|
5.060
|
|
|
31
|
5.351
|
|
|
32
|
5.658
|
|
|
33
|
5.984
|
|
|
34
|
6.328
|
|
|
35
|
6.692
|
|
|
36
|
7.076
|
|
|
37
|
7.483
|
|
|
38
|
7.914
|
|
|
39
|
8.369
|
|
39
|
40
|
8.850
|
* Number of years is from the date of issue of the agreement to the annuity starting date. Annuity starting date is assumed to be the date six months before the first deferred annuity payment is scheduled to be made.
** It may be necessary to reduce this factor at some ages in some states, such as New York and New Jersey, in order for the resulting deferred annuity rate to comply with applicable state law. Please see separate schedule of Uniform Interest Factors that will comply with current New York and New Jersey laws.
WARNING: These annuity rates, for both immediate and deferred annuities and for both single life and two lives, should not be used if the gift portion, based on IRS tables and the applicable discount rate, is not more than 10% of the amount paid for the annuity.
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