Appendix 5 - Individual Life Expectancy Annuity Tables
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Appendix 5 - Individual Life Expectancy Annuity Tables


Revised March 25, 2011



Purpose:

 INDIVIDUAL LIFE EXPECTANCY ANNUITY TABLES

 

Social Security Actuarial Period Life Table

 

Use this table to determine if a period of ineligibility should be imposed on an institutionalized client because of the transfer of monies into an annuity.

  1. Find the age of the client and the client's spouse, if any, at the time the annuity was purchased in the appropriate gender table. Look under AGE column.
  2. Go across to the Life Expectancy column to determine the number of years the client is expected to live. Round up to the next full year.
  3. If the life of the annuity exceeds the life expectancy of the client or his/her spouse (whichever is greater), follow procedures in Available Resources  to determine if you can exclude the transfer of funds into the annuity or if a period of ineligibility should be imposed.  See transfer of assets.
Modification Date: March 25, 2011