Appendix 5 - Individual Life Expectancy Annuity Tables

Revised March 25, 2011

 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.