23 CAR Part 99 — Minimum Nonforfeiture Standards for Men and Women Insureds Under 1980 CSO and 1980 CET Mortality Tables

Chapter I

Subchapter B

Subpart 1

23 CAR § 99-101 Purpose {#sec-23-car-99-101 omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR § 99-101}

23 CAR § 99-101. Purpose.

(a) The purpose of this part is to permit individual life insurance policies to provide the same cash surrender values and paid-up nonforfeiture benefits to both men and women.

(b) No change in minimum valuation standards is implied by this part.

23 CAR § 99-102 Definitions {#sec-23-car-99-102 omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR § 99-102}

23 CAR § 99-102. Definitions.

As used in this part:

(1) "1980 CET Table" means that mortality table consisting of separate rates of mortality for male and female lives:

(A) Developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance;

(B) Incorporated in the 1980 NAIC Amendments to the Model Standard Individual Ordinary Life Insurance;

(C) Incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance; and

(D) Referred to in those models as the Commissioners 1980 Extended Term Insurance Table;

(2) "1980 CET Table (F)" means that mortality table consisting of the rates of mortality for female lives from the 1980 CET Table;

(3) "1980 CET Table (M)" means that mortality table consisting of the rates of mortality for male lives from the 1980 CET Table;

(4) "1980 CSO and CET Smoker and Nonsmoker Mortality Tables" means the mortality tables with separate rates of mortality for smokers and nonsmokers:

(A) Derived from the 1980 CSO and 1980 CET Mortality Tables by the Society of Actuaries Task Force on Smoker/Nonsmoker Mortality; and

(B) Adopted by the NAIC in December 1983;

(5) "1980 CSO Table, with or without Ten-Year Select Mortality Factors" means that mortality table:

(A) Consisting of separate rates of mortality for male and female lives;

(B) Developed by the Society of Actuaries Committee to Recommend New Mortality Tables for Valuation of Standard Individual Ordinary Life Insurance;

(C) Incorporated in the 1980 NAIC Amendments to the Model Standard Valuation Law and Standard Nonforfeiture Law for Life Insurance; and

(D) Referred to in those models as the Commissioners 1980 Standard Ordinary Mortality Table, with or without Ten-Year Select Mortality Factors;

(6) "1980 CSO Table (F), with or without Ten-Year Select Mortality Factors" means that mortality table consisting of the rates of mortality for female lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and

(7) "1980 CSO Table (M), with or without Ten-Year Select Mortality Factors" means that mortality table consisting of the rates of mortality for male lives from the 1980 CSO Table, with or without Ten-Year Select Mortality Factors.

History

• Codification Notes: “CET” means Commissioners Extended Term."NAIC" means National Association of Insurance Commissioners."CSO" means Commissioners Standard Ordinary. Authorities: Arkansas Code § 23-61-108; Arkansas Code § 23-81-209; Arkansas Code § 23-84-113

23 CAR § 99-103 Rule {#sec-23-car-99-103 omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR § 99-103}

23 CAR § 99-103. Rule.

(a) For any policy of insurance on the life of either a male or female insured delivered or issued for delivery in this state and after the operative date of Arkansas Code § 23-81-209(h)(2)(I) for that policy form:

(1) A mortality table that is a blend of the 1980 CSO Table (M) and the 1980 CSO Table (F), with or without Ten-Year Select Mortality Factors, may at the option of the company be substituted for the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and

(2) A mortality table that is of the same blend as used in subdivision (a)(1) of this section but applied to form a blend of the 1980 CET Table (M) and the 1980 CET Table (F) may at the option of the company be substituted for the 1980 CET Table, for use in determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits.

(b) The following tables will be considered as the basis for acceptable tables:

(1) One hundred percent (100%) male and one percent (1%) female for tables to be designated as the "1980 CSO-A" and "1980 CET-A" tables;

(2) Eighty percent (80%) male and twenty percent (20%) female for tables to be designated as the "1980 CSO-B" and "1980 CET-B" tables;

(3) Sixty percent (60%) male and forty percent (40%) female for tables to be designated as the "1980 CSO-C" and "1980 CET-C" tables;

(4) Fifty percent (50%) male and fifty percent (50%) female for tables to be designated as the "1980 CSO-D" and "1980 CET-D" tables;

(5) Forty percent (40%) male and sixty percent (60%) female for tables to be designated as the "1980 CSO-E" and "1980 CET-E" tables;

(6) Twenty percent (20%) male and eighty percent (80%) female for tables to be designated as the "1980 CSO-F" and "1980 CET-F" tables; and

(7) Zero percent (0%) male and one hundred percent (100%) female for tables to be designated as the "1980 CSO-G" and "1980 CET-G" tables.

(c) Tables A and G are not to be used with respect to policies issued on or after January 1, 1985, except:

(1) Where the proportion of persons insured is anticipated to be ninety percent (90%) or more of one (1) sex or the other; or

(2) For certain policies converted from group insurance.

(d)(1) Such group conversions issued on or after January 1, 1986, must use mortality tables based on the blend of lives by sex expected for such policies if such group conversions are considered as extensions of the Norris decision.

(2) This consideration has not been clearly defined by court or legislative action in all jurisdictions.

(3) The values of 1000qx for blended Tables B, C, D, E, and F are shown in Appendix I.

(4) The letter in Appendix II states the method by which selection factors may be obtained.

(5) Table A is the same as 1980 CSO Table (M) and 1980 CET Table (M), and Table G is the same as 1980 CSO Table (F) and 1980 CET Table (F).

History

• Codification Notes: “CSO” means Commissioners Standard Ordinary."CET" means Commissioners Extended Term. Authorities: Arkansas Code § 23-61-108; Arkansas Code § 23-81-209; Arkansas Code § 23-84-113

23 CAR § 99-104 Alternate rule {#sec-23-car-99-104 omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR § 99-104}

23 CAR § 99-104. Alternate rule.

(a) In determining minimum cash surrender values and amounts of paid-up nonforfeiture benefits for any policy of insurance on the life of either a male or female insured on a form of insurance with separate rates for smokers and nonsmokers delivered or issued for delivery in this state after operative date of Arkansas Code § 23-81-213 for that policy form, in addition to the mortality tables that may be used according to 23 CAR § 99-103:

(1) A mortality table that is a blend of the male and female rates of mortality according to the 1980 CSO Smoker Mortality Table, in the case of lives classified as smokers, or the 1980 CSO Nonsmoker Mortality Table, in the case of lives classified as nonsmokers, with or without ten-year Select Mortality Factors, may at the option of the company be substituted for the 1980 CSO Table, with or without Ten-Year Select Mortality Factors; and

(2) A mortality table that is of the same blend as used in subdivision (a)(1) of this section but applied to form a blend of the male and female rates of mortality according to the corresponding 1980 CET Smoker Mortality Table or 1980 CET Nonsmoker Mortality Table may at the option of the company be substituted for the 1980 CET Table.

(b) The following blended mortality tables will be considered acceptable:

(1) SA. One hundred percent (100%) male and zero percent (0%) female smoker tables designated as "1980 CSO-SA" and "1980 CET-SA" Tables;

(2) SB. Eighty percent (80%) male and twenty percent (20%) female smoker tables designated as "1980 CSO-SB" and "1980 CET-SB" Tables;

(3) SC. Sixty percent (60%) male and forty percent (40%) female smoker tables designated as "1980 CSO-SC" and "1980 CET-SC" Tables;

(4) SD. Fifty percent (50%) male and fifty percent (50%) female smoker tables designated as "1980 CSO-SD" and "1980 CET-SD" Tables;

(5) SE. Forty percent (40%) male and sixty percent (60%) female smoker tables designated as "1980 CSO-SE" and "1980 CET-SE" Tables;

(6) SF. Twenty percent (20%) male and eighty percent (80%) female smoker tables designated as "1980 CSO-SF" and "1980 CET-SE" Tables;

(7) SG. Zero percent (0%) male and one hundred percent (100%) female smoker tables designated as "1980 CSO-SG" and "1980 CET-SG" Tables;

(8) NA. One hundred percent (100%) male and zero percent (0%) female nonsmoker tables designated as "1980 CSO-NA" and "1980 CET-NA" Tables;

(9) NB. Eighty percent (80%) male and twenty percent (20%) female nonsmoker tables designated as "1980 CSO-NB" and "1980 CET-NB" Tables;

(10) NC. Sixty percent (60%) male and forty percent (40%) female nonsmoker tables designated as "1980 CSO-NC" and "1980 CET-NC" Tables;

(11) ND. Fifty percent (50%) male and fifty percent (50%) female nonsmoker tables designated as "1980 CSO-ND" and "1980 CET-ND" Tables;

(12) NE. Forty percent (40%) male and sixty percent (60%) female nonsmoker tables designated as "1980 CSO-NE" and "1980 CET-NE" Tables;

(13) NF. Twenty percent (20%) male and eighty percent (80%) female nonsmoker tables designated as "1980 CSO-NF" and "1980 CET-NF" Tables; and

(14) NG. Zero percent (0%) male and one hundred percent (100%) female nonsmoker tables designated as "1980 CSO-NG" and "1980 CET-NA" Tables.

(c) Tables SA, SG, NA, and NG are not acceptable as blended tables unless the proportion of persons insured is anticipated to be ninety percent (90%) or more of one (1) sex or the other.

History

• Codification Notes: “CSO” means Commissioners Standard Ordinary."CET" means Commissioners Extended Term. Authorities: Arkansas Code § 23-61-108; Arkansas Code § 23-81-209; Arkansas Code § 23-84-113

23 CAR § 99-105 Unfair discrimination {#sec-23-car-99-105 omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR § 99-105}

23 CAR § 99-105. Unfair discrimination.

It shall not be a violation of Title 23, Chapter 66 of the Arkansas Insurance Code for an insurer to issue the same kind of policy of life insurance on both a sex-distinct and sex-neutral basis.

23 CAR pt. 99, Appendix A Blended 1980 CSO & 1980 CET Mortality Tables {#sec-23-car-pt.-99-appendix-a omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR pt. 99, Appendix A}

APPENDIX I

TABLE B

BLENDED 1980 CSO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED 1980 CET TABLE AGE LX 10000X AGE LX 10000X AGE LX 10000X AGE LX 10000X

0 136260 3.92 50 122860 6.36 0 2437508 5.10 50 2104361 8.27 1 135726 1.04 51 122079 6.90 1 2425077 1.79 51 2086958 8.97 2 135585 .95 52 121237 7.50 2 2420736 1.70 52 2068238 9.75 3 135456 .94 53 120328 8.19 3 2416621 1.69 53 2048073 10.65 4 135329 .91 54 119343 8.96 4 2412537 1.66 54 2026261 11.65

5 135206 .87 55 118274 9.78 5 2408532 1.62 55 2002655 12.71 6 135088 .83 56 117117 10.67 6 2404630 1.58 56 1977201 13.87 7 134976 .79 57 115867 11.58 7 2400831 1.54 57 1949777 15.05 6 134869 .75 50 114525 12.54 6 2397134 1.50 58 1920433 16.30 9 134768 .73 59 113089 13.57 9 2393538 1.48 59 1889130 17.64

10 134670 .72 60 111554 14.72 10 2389996 1.47 60 1855806 19.14 11 134573 .75 61 109912 16.00 11 2386483 1.50 61 1820286 20.80 12 134472 .83 62 108153 17.47 12 2382903 1.58 62 1782424 22.71 13 134360 .94 63 106264 19.16 13 2379138 1.69 63 1741945 24.91 14 134234 1.08 64 104226 21.05 14 2375117 1.83 64 1690553 27.37

15 134089 1.24 65 102034 23.11 15 2370771 1.99 65 1652064 30.04 16 133923 1.39 66 99676 25.29 16 2366053 2.14 66 1602436 32.88 17 133737 1.53 67 97155 27.61 17 2360990 2.28 67 1549748 35.89 18 133532 1.62 68 94473 30.03 18 2355607 2.37 68 1494128 39.04 19 133316 1.69 69 91636 32.66 19 2350024 2.44 69 1435797 42.46

20 133091 1.74 70 88643 35.59 20 2344290 2.49 70 1374833 46.27 21 132859 1.75 71 85488 38.95 21 2338453 2.30 71 1311219 50.64 22 132626 1.73 72 82158 42.84 22 2332607 2.48 72 1244819 55.69 23 132397 1.71 73 78638 47.33 23 2326822 2.46 73 1175495 61.53 24 132171 1.69 74 74916 52.37 24 2321098 2.44 74 1103167 68.08

25 131948 1.65 75 70993 57.84 25 2315435 2.40 75 1028063 75.19 26 131730 1.63 76 66887 63.65 26 2309878 2.38 76 950763 82.73 27 131515 1.61 77 62630 69.70 27 2304380 2.36 77 872087 90.61 28 131303 1.61 78 58265 75.95 28 2298942 2.36 78 793067 98.74 29 131092 1.63 79 53840 82.57 29 2293516 2.38 79 714760 107.34

30 130878 I.65 80 49394 89.83 30 2288057 2.40 80 638038 116.78 31 130662 1.70 81 44957 97.94 31 2282566 2.45 81 563528 127.32 32 130440 1.75 82 40554 107.18 32 2276974 2.50 82 491780 139.33

33 130212 1.83 83 36207 117.65 33 2271282 2.53 83 423260 152.95 34 124974 1.91 84 31947 129.10 34 2265422 2.66 84 358522 167.83

35 129726 2.02 85 27823 141.38 35 2259396 2.77 85 298351 183.79 36 129464 2.14 86 23689 154.17 36 2253137 2.89 86 243517 200.42 37 129187 2.30 87 20206 167.49 37 2246625 3.05 87 194711 217.74 38 120890 2.47 88 16822 181.24 38 2239773 3.22 88 152315 235.61 39 128572 2.68 89 13773 195.54 39 2232561 3.48 89 116428 254.20

APPENDIX I

TABLE B (Continued)

BLENDED 1980 CSO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED 1980 CET TABLE AGE LX 10000X AGE LX 10000X AGE LX 10000X AGE LX 10000X

40 128227 2.90 90 11080 210.53 40 2224792 3.77 90 86832 273.69 41 127855 3.16 111 2747 226.51 41 2216405 4.11 91 63067 294.46 42 127451 3.42 9.1 6766 244.13 42 .1207296 4.45 92 44496 317.37 43 127015 3.72 93 5114 264.04 43 2197474 4.84 93 30374 343.25 44 126543 4.01 94 3764 269.36 44 2186038 5.21 94 19948 376.17

45 126036 4.35 95 2675 324.99 45 2175445 5.66 95 12444 422.36 46 125488 4.70 96 1606 360.97 46 2163132 6.11 96 7168 495.26 47 124898 5.07 97 1118 477.69 47 2149915 6.59 97 3628 621.00 48 124265 5.41 98 584 657.38 48 2135747 7.09 98 1375 854.59 49 123588 5.89 99 200 1000.00 49 2120605 7.66 99 200 1000.00

TABLE C

BLENDED 1980 CSO & 1180 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED1980 CET TABLE AGE LX 10000X AGE LX 100001 AGE LX 10000X AGE LX l0000X

0 107405 3.67 50 97377 6.01 0 1760557 4.77 50 1529496 7.81 1 107011 .99 51 96792 6.50 1 1752159 1.74 51 I517551 8.45 2 106905 .93 52 96163 7.05 2 1749110 1.68 52 1504728 9.17 3 106806 .90 53 95485 7.68 3 1746171 1.65 53 1490930 9.98 4 106710 .88 54 94752 8.37 4 1743290 1.63 54 1476051 10.88

5 106616 .84 55 93959 9.11 5 1740448 1.59 55 1459992 11.84 6 106526 .81 56 93103 9.88 6 1737681 1.56 56 1442706 12.84 7 306440 .77 57 92183 10.68 7 1734970 1.52 57 1424182 13.88 8 106358 .73 58 9119B 11.50 8 1732333 1.48 58 1404414 14.95 9 106280 .73 59 90149 12.39 9 1729769 1.48 59 1383418 16.11

10 106202 .71 60 89032 13.37 10 1727209 1.46 60 1361131 17.38 11 106127 .74 61 87842 14.48 11 1724687 1.49 61 1337475 18.82 12 106048 .80 62 86570 15.79 12 1722117 1.55 62 1312304 20.53 13 105963 .89 63 85203 17.30 13 1719448 1.64 63 1285362 22.49 14 105869 1.01 64 83729 19.01 14 1716628 1.76 64 1256454 24.71

15 105762 1.14 65 82137 20.88 15 1713607 1.89 65 1225407 27.14 16 105641 1.27 66 80422 22.84 16 1710368 2.02 66 1192149 29.69 17 105507 1.38 67 78585 24.90 17 1706913 2.13 67 1156754 32.37 l8 105361 1.47 68 76628 27.04 18 1703277 2.22 68 1119310 35.15 19 105206 1.52 69 74556 29.32 19 1699496 2.27 69 1079966 38.12

20 105046 1.56 70 72370 31.92 20 1695638 2.31 70 1038798 41.50 21 104882 1.58 71 70060 34.90 21 1691721 2.33 71 995688 45.37 22 104716 1.58 72 67615 38.38 22 1687779 2.33 72 950514 49.89 23 104551 1.56 73 65020 42.48 23 1683846 2.31 73 903093 55.22 24 104388 1.55 74 62258 47.11 24 1679956 2.30 74 853224 61.24

25 104226 1.53 75 59325 52.16 25 1676092 2.28 75 800973 67.81 26 104067 1.52 76 56231 57.58 26 1672271 2.27 76 746659 74.85 27 103909 1.51 77 52993 63.24 27 1668475 2.26 77 690772 87.21 28 103752 1.53 78 49642 69.13 28 1664704 2.28 78 633984 89.87 29 1O3593 1.54 79 46210 75.41 29 1660908 2.29 79 577008 98.03

30 103433 1.58 80 42725 82.34 30 1657105 2.33 80 520444 107.04 31 103270 1.63 81 39207 90.17 31 1653244 2.38 81 464736 117.22 32 103102 1.67 82 35672 99.12 32 1649309 2.42 82 410260 128.86 33 102930 1.75 23 32136 109.33 33 1645318 2.50 83 357394 142.13 34 102750 1.83 24 28623. 120.58 34 1641205 2.58 84 306598 156.75

35 102562 1.93 85 25172 132.68 35 1636971 2.60 85 258539 172.40 36 102364 2.04 86 21832 145.47 36 1632584 2.79 86 213946 189.11

37 102155 2.20 87 18656 158.84 37 1628O79 2.95 87 173487 206.49 38 101930 2.36 88 15693 172.87 38 1623226 3.11 88 137664 224.73 39 101689 2.56 89 12980 187.54 39 1618178 3.33 89 106727 243.80

TABLE C (Continued) BLENDED 1980 CSO & 1180 CET MORTALITY TABLES BLENDED 1980 CSO TABLE BLENDED1980 CET TABLE AGE LX 10000X AGE LX 100001 AGE LX 10000X AGE LX l0000X

40 101429 2.78 90 10546 203.O8 40 1612789 3.61 90 80707 264.00 41 101147 3.03 91 8404 219.76 41 1606967 3.94 91 59400 285.69 42 100841 3.29 92 6557 238.20 42 1600636 4.28 92 42430 309.66 43 100509 3.56 93 4995 259.26 43 1593785 4.63 93 29291 337.04 44 100151 3.84 94 3700 285.17 44 1586406 4.99 94 19419 370.72

45 99766 4.15 95 2645 322.03 45 1578490 5.40 95 12220 418.64 46 99352 4.47 96 1793 378.56 46 1569966 5.81 96 7104 492.13 47 98908 4.81 97 1114 476.70 47 1560844 6.25 97 3608 619.71 48 98432 5.17 98 583 657.10 48 1551089 6.72 98 1372 854.23 49 97923 5.59 99 200 1000.00 49 1540666 7.25 99 200 1000.00

TABLE D

BLENDED 1980 CSO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED 1980 CET TABLE AGE LX 10000X AGE LX 10000X AGE LX 10000X AGE L X 10000X

0 96981 3.54 50 88170 5.83 0 1528592 4.60 50 1332106 7.58 1 96638 .97 51 87656 6.30 1 1521560 1.72 51 1322009 8.19 2 96544 .91 52 87104 6.82 2 1518943 1.66 52 1311182 8.87 3 96456 .89 53 86510 7.42 3 1516422 1.64 53 1299552 9.65 4 96370 .81 54 85868 8.07 4 1513935 1.60 54 1287011 10.49

5 96288 .83 55 85175 8.77 5 1511513 1.58 55 1273510 11.40 6 96208 .79 56 84428 9.50 6 1509125 1.54 56 1258992 12.35 7 96132 .77 57 83626 10.23 7 1506801 1.52 57 1243443 13.30 8 96058 .73 58 82771 10.99 8 1504511 1.48 58 1226905 14.29 9 95988 .72 59 81861 11.81 9 1502284 1.47 59 1209373 15.35

10 95919 .71 60 80894 12.71 10 150O076 1.46 60 1190809 16.52 11 95851 .72 61 79866 13.75 11 1497886 1.47 61 1171137 17.88 12 95782 .78 62 78768 14.96 12 1495684 1.53 62 1150197 19.45 13 95707 .87 63 77590 16.39 13 1493396 1.62 63 1127826 21.31 14 95624 .97 64 76318 18.02 14 1490977 1.72 64 1103792 23.43

15 95531 1.10 65 74943 19.78 15 1488413 1.85 65 1077930 25.71 16 95426 1.21 66 73461 21.64 16 1485659 1.96 66 1050216 28.13 17 95311 1.31 67 71871 23.59 17 1482747 2.06 67 1020673 30.67 18 95186 1.39 68 70176 25.58 18 1479693 2.14 68 989369 33.25 19 95014 1.44 69 68381 27.73 19 1476526 2.19 69 956472 36.05

20 94917 1.48 70 66485 30.16 20 1473292 2.23 70 921991 39.21 21 94777 1.49 71 64480 32.96 21 1470007 2.24 71 885840 42.85 22 94636 1.50 72 62355 36.29 22 1466714 2.25 72 847882 47.18 23 94494 1.49 73 60092 40.20 23 1463414 2.24 73 807879 52.26 24 94353 1.49 74 57676 44.66 24 1460136 1.24 74 765659 58.O6

25 94212 1.47 75 55100 49.55 25 1456865 2.22 75 721205 64.42 26 94074 1.47 76 52370 54.80 26 1453631 2.22 76 674745 71.24 27 93936 1.46 77 49500 60.31 27 l45O4O4 2.21 77 626676 78.40 28 93799 1.48 78 46515 66.06 28 1447199 2.23 78 577545 85.88 29 93660 1.51 79 43442 72.23 29 1443972 2.26 79 527945 93.90

30 93519 1.54 80 40304 79.07 30 1440709 2.29 80 478371 102.79 31 93375 1.58 81 37117 86.80 31 1437410 2.33 81 429199 112.84 32 93227 1.64 82 33895 95.68 32 1434061 7.39 82 380768 124.38 33 93074 1.70 83 30652 105.81 33 1430634 2.45 83 333408 137.55 34 92916 1.79 84 27409 117.02 34 1427129 2.54 84 287548 152.13

35 92750 1.88 85 24202 129.11 35 1423504 2.63 85 243803 167.84 36 92576 2.00 86 21077 141.91 36 1419760 2.75 86 202883 184.46

37 92391 2.14 87 18086 155.41 37 1415856 2.89 87 165455 202.03 38 92193 2.31 88 15275 169.55 38 1411764 3.06 88 132028 220.42 39 91980 2.51 89 12685 184.45 39 1407444 3.26 89 102926 239.79

TABLE D (Continued) BLENDED 1980 CSO & 1980 CET MORTALITY TABLES I BLENDED 1980 CSO TABLE BLENDED 1980 CET TABLE AGE LX 10000X AGE LX 10000X AGE LX 10000X AGE L X 10000X

40 91749 2.72 90 10345 200.23 40 1402856 3.54 90 78245 260.30 41 91499 2.97 91 8274 217.23 41 1397890 3.86 91 57878 282.40 42 91227 3.22 92 6477 235.91 42 1392494 4.19 92 41533 306.68 43 90933 3.49 93 4949 257.43 43 1386659 4.54 93 28796 334.66 44 90616 3.75 94 3675 283.81 44 1380364 4.88 94 19159 368.95

45 90276 4.06 95 2632 320.74 45 1373628 5.28 95 12090 416.96 46 89909 4.36 96 1788 377.93 46 1366375 5.67 96 7049 491.31 47 89517 4.68 97 1112 476.61 47 1358628 6.08 97 3586 619.59 48 89098 5.03 98 582 656.44 48 1350368 6.54 98 1364 853.37 49 88650 5.41 99 200 1000.00 49 1341537 7.03 99 200 1000.00

TABLE E

BLENDED 1980 CEO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED1980 CET TABLE AGE LY 100001 AGE LI 10000X AGE LY 100001 AGE LY 100001

0 88415 3.41 50 80614 5.66 0 1345746 4.43 50 1171481 7.36 1 88114 .95 51 80158 6.10 1 1339784 1.70 51 1167823 7.93 2 88030 .89 52 79669 6.60 2 1337506 1.64 52 1158561 8.58 3 87952 .86 53 79143 7.16 3 1335312 1.61 53 1148621 9.31 4 87876 .84 54 78576 7.77 4 1333162 1.59 54 l137927 10.10

5 878O2 .81 55 77965 8.43 5 1331042 1.56 55 1126434 10.96 6 87731 .78 56 77308 9.11 6 1328966 1.53 56 1114088 11.84 7 87663 .76 57 76604 9.79 7 1326933 1.51 57 110O897 12.73 8 87596 .72 58 75854 10.48 8 1324929 1.47 58 1086883 13.62 9 87533 .71 59 75059 11.23 9 1322981 1.46 59 1072080 14.60

10 87471 .70 60 74216 12.05 10 1321049 1.45 60 1056428 l5.67 11 87410 .71 61 73322 13.01 11 1319133 1.46 61 1039874 16.91 12 87348 .77 62 72368 14.14 12 1317207 1.52 62 1022290 18.38 13 8728I .84 63 71345 15.50 13 1315205 1.59 63 1003500 20.15 14 87208 .94 64 70239 17.03 14 1313114 1.69 64 983279 22.14

15 87126 1.05 65 69043 18.71 15 1310895 1.80 65 961509 24.32 16 87035 1.15 66 67751 20.46 16 1308535 1.90 66 938125 26.60 17 86935 1.24 67 66365 22.31 17 1306049 1.99 67 913171 29.00 18 86827 1.31 68 64884 24.17 18 1303450 2.06 68 886689 31.42 19 86713 1.36 69 63316 26.18 19 1300765 2.11 69 858829 34.03

20 86595 1.39 70 61658 28.45 20 1298020 2.14 70 829603 36.99 21 86475 1.41 71 59904 31.10 21 1295242 2.16 71 798916 40.43 22 86353 1.42 72 58041 34.27 22 1292444 2.17 72 766616 44.55 23 86230 1.42 73 56052 38.02 23 1289639 2.17 73 732463 49.43 24 86108 1.42 74 53921 42.32 24 1286840 2.17 74 696257 55.02

25 85986 1.40 75 51639 47.05 25 1284048 2.15 75 657949 61.17 26 85866 1.41 76 49209 52.18 26 1281287 2.16 76 617702 67.83 27 85745 1.42 77 46641 57.57 27 1278519 2.17 77 575803 74.84 28 85623 1.44 78 43956 63.21 28 1275745 2.19 78 532710 82.17 29 85500 1.46 79 41178 69.29 29 1272951 2.21 79 488937 90.08

30 85375 1.50 80 38325 76.04 30 1270138 2.25 80 444894 98.85 31 85247 1.55 81 35411 83.72 31 126728O 2.30 81 400916 108.84 32 85115 1.60 82 32446 92.52 32 1264365 2.35 82 357280 120.28 33 84979 1.66 83 29444 102.65 33 1261394 2.41 83 314306 133.45 34 84838 1.75 84 26422 113.82 34 1258354 2.50 84 272362 147.97

35 84690 1.83 85 23415 125.93 35 1255208 2.58 85 232061 163.71 36 84535 1.95 86 20466 138.78 36 1251970 2.70 86 194070 180.41

37 84370 2.09 87 17626 152.39 37 1248590 2.84 67 159058 198.11 36 84194 2.25 88 14940 166.68 38 1245044 3.00 88 127547 216.68 39 84005 2.45 89 12450 181.76 39 1241309 3.20 89 99910 236.29

TABLE E (Continued) BLENDED 1980 CEO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED1980 CET TABLE AGE LY 100001 AGE LI 10000X AGE LY 100001 AGE LY 100001

40 83799 2.66 90 10187 197.78 40 1237337 3.46 90 76302 257.11 41 83576 2.90 91 8172 215.12 41 1233056 3.77 91 56684 279.66 42 83334 3.15 92 6414 234.03 42 1228407 4.10 92 40832 304.24 43 83071 3.41 93 4913 255.85 43 1223371 4.43 93 28409 332.61 44 82788 3.66 94 3656 282.58 44 1217951 4.76 94 18960 367.35

45 82485 3.96 95 2623 319.76 45 1212154 5.15 95 11995 415.69 46 8215B 4.24 96 1784 377.41 46 1205911 5.51 96 7009 490.63 47 81810 4.55 97 1111 476.21 47 1199266 5.92 97 3570 619.07 48 81438 4.89 98 582 656.10 48 1192166 6.36 98 1160 852.93 49 81040 5.26 99 200 1000.00 49 1184584 6.84 99 200 1000.00

TABLE F

BLENDED 1980 CEO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED1980 CET TABLE AGE LX 10000X AGE LX IO00OX AGE LX 100001 AGE LX 100OOX

0 75108 3.35 50 68862. 5.31 0 1080O89 4.10 50 95O863 6.90 1 74871 .92 51 68496 5.70 1 1076457 1.67 51 944302 7.41 2 74802 .85 52 68I06 6.15 2 1074659 1.60 52 937305 8.00 3 74738 .82 53 67687 6.65 3 1072940 1.57 53 9298O7 8.65 4 74677 .81 54 67237 7.19 4 1071255 1.56 54 921764 9.35

5 74617 .79 55 66754 7.76 5 1069584 1.54 55 913146 10.09 6 74558 .76 56 66236 8.34 6 1067937 1.51 56 903932 10.84 7 74501 .74 57 65684 8.91 7 1066324 1.49 57 894133 l1.58 8 74446 .71 58 65099 9.47 8 1064735 1.46 58 883779 12.31 9 74393 .70 59 64483 10.08 9 1063180 1.45 59 872900 13.10

10 74341 .70 60 63833 10.75 10 1061638 1.45 60 861465 13.98 11 74289 .70 61 63147 11.55 11 1060099 1.45 61 849422 15.02 12 74237 .74 62 62418 12.54 12 1058562 1.49 62 836664 16.30 13 74182 .80 63 61635 13.74 13 1056985 1.55 63 823026 17.86 14 74123 .86 64 60788 15.10 14 1055347 1.61 64 808327 19.63

15 74059 .95 65 59870 16.62 15 1053648 1.70 65 792460 21.61 16 73989 1.03 66 58875 18.19 16 1051857 1.78 66 775335 23.65 17 73913 1.09 67 578O4 19.81 17 1049985 1.84 67 756998 25.75 18 73832 1.15 68 56659 21.45 18 1048O53 1.90 68 737505 27.89 19 73747 1.19 69 55444 23.19 19 1046062 1.94 69 716936 30.15

20 73659 1.22 70 54158 25.19 20 1044033 1.97 70 695370 32.75 21 73569 1.24 71 52794 27.57 21 1041976 1.99 71 672548 35.84 22 73478 1.25 72 51338 30.43 22 1039902 2.00 72 648444 39.56 23 73386 1.27 73 49776 33.92 23 1037822 2.02 73 622792 44.10 24 73293 1.28 74 48088 37.94 24 1035726 2.03 74 595327 49.32

25 73199 1.29 75 46264 42.43 25 1033623 2.04 75 565965 55.16 26 73150 1.30 76 44301 47.33 26 1031514 2.05 76 534746 61.53 27 73010 1.31 77 42204 52.53 27 1029399 2.06 77 501843 68.29 28 72914 1.35 78 39987 58.03 28 1027278 2.10 78 467572 75.44 29 72816 1.38 79 37667 63.98 29 1025121 2.13 79 432298 83.17

30 72716 1.42 80 35257 70.65 30 1022937 2.17 80 396344 91.85 31 72613 1.47 81 32766 78.26 31 1020717 2.22 81 359940 101.74 32 72506 1.52 82 30202 87.04 32 10184151 2.27 82 323320 113.15 33 72396 1.58 83 27573 97.15 33 1016139 2.33 83 286736 126.30 34 72282 1.66 84 24894 108.33 34 1013771 2.41 84 250521 140.83

35 72162 1.74 85 22197 120.52 35 1011328 2.49 85 215240 156.68 36 72036 1.85 86 19522 133.53 36 1008810 2.60 86 181516 173.59

37 71903 1.99 87 16915 147.37 37 1006187 2.74 87 150007 191.58 38 71760 2.15 88 14422 161.93 38 1003430 2.90 88 121269 210.51 39 71606 2.32 89 12087 177.40 39 1000520 3.07 89 95741 230.62

TABLE F (Continued)

BLENDED 1980 CEO & 1980 CET MORTALITY TABLES

BLENDED 1980 CSO TABLE BLENDED1980 CET TABLE AGE LX 10000X AGE LX IO00OX AGE LX 100001 AGE LX 100OOX

40 71440 2.54 90 9943 193.80 40 997448 3.30 90 73661 251.94 41 71259 2.77 91 8016 211.61 41 994156 3.60 91 55103 275.09 42 71062 3.O2 92 6320 231.05 42 990577 3.93 92 39945 300.37 43 70847 3.25 93 4860 253.44 43 986684 4.23 93 27947 329.47 44 70617 3.49 94 3628 280.66 44 982510 4.54 94 18739 364.86

45 70371 3.75 95 2610 318.37 45 978049 4.88 95 11902 413.88 46 70107 4.02 96 1779 376.21 46 973276 5.23 96 6976 489.07 47 69825 4.30 97 1110 475.72 47 968186 5.59 97 3564 618.44 48 69525 4.61 98 582 656.09 48 962774 5.99 98 1360 852.92 49 69204 4.94 99 200 100.00 49 957007 6.42 99 200 1000.00

23 CAR pt. 99, Appendix B Select Factors for Blended 1980 CSO Mortality Tables {#sec-23-car-pt.-99-appendix-b omnilex-key=us-ar-regs-official--title-23-part-99--23 CAR pt. 99, Appendix B}

APPENDIX II

TO: Mr. Ted Becker, Chairman, TSAG

FROM: Robert J. Johansen, Chairman Society of Actuaries Committee on Valuation and Nonforfeiture Mortality Problems - Individual Life Insurance and Annuities

RE: Select Factors for Blended 1980 CSO Mortality Tables

The select factors for use with the 1980 CSO tables are different for males and females but select factors for use with the blended 1980 CSO tables must themselves be blended.

The tables of ratios of male lx to total Ix shown in the report of our Committee indicate that for most of the insuring ages the ratios of males and females in the blended tables do not differ significantly from the ratio at the pivotal age. This suggests that the pivotal age ratio can be used for all ages.

The select factors must also be weighted for the relative male and female mortality rates. Considering the nature of the select factors and the need for a practicable solution, it seems reasonable to assume that female mortality is 60% of male mortality. Using the pivotal age ratios (=z) and assuming female mortality is 60% of male mortality the blended factors can be obtained from: z F t T =[Z/100 x F t M

• 0.6(1-Z/100)F t F ]/[Z/100 + 0.6(1-Z/100)] where Z is the ratio % at the pivotal age of lx male to lx total and F t M and F t F are the male and female selection factors for year t and z F t t is the selection factor applicable to the blended CSO table having Z% male 1x to total Ix at the pivotal age.