IRS Proposes Updating Life Expectancy Tables for Annuities

May 10, 2022 by Austin R. Ramsey

The Internal Revenue Service is updating the life expectancy tables insurance companies use to calculate the value of and interest rates on annuities.

The proposed new actuarial tables reflect updated Census and population trend data. They apply to annuities retirees use to hedge against outliving their retirement income.

The public can comment on the revised tables through 60 days after they are formally published in the Federal Register.

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Originally Posted at Bloomberg Law on May 4, 2022 by Austin R. Ramsey.