2012 IAR mortality table

The 2012 IAR table was adopted in December 2012 by the National Association of Insurance Commissioners (NAIC)to replace the Annuity 2000 table for use in determining reserve liabilities for annuities. The table became effective for annuities issued on or after January 1, 2015.

Unlike the mortality tables used to compute charitable deductions and the taxation of gift annuity payments, which are gender-neutral and static, 2012 IAR is gender-biased and a generational table that incorporates projections for future mortality improvements. The expectation is that this approach will allow 2012 IAR to be used for many years without becoming obsolete.

The gender-biased aspect of 2012 IAR means that the life expectancy computed for a male will be different (typically lower) from the life expectancy computed for a female of the same age.

The generational aspect of 2012 IAR means that the life expectancy computed for a person of a specific age using 2012 IAR will depend on the year of determination. The life expectancy of a 75 year-old in 2015, for example, will be lower than the life expectancy of a 75 year-old in 2020. Using a static table would mean the life expectancy of a 75 year-old would be the same regardless of the year for which it is computed.

As of November 2015, the states listed below require or accept use of the 2012 IAR mortality table when computing reserve amounts for gift annuities funded on or after the date indicated. Only California and Hawaii explicitly have not adopted 2012 IAR.

State	Gifts on or after
Washington	January 1, 2015
Florida	January 1, 2015
New York	January 1, 2015
Oregon	January 1, 2015
New Jersey	January 1, 2015
Arkansas	January 1, 2015
Maryland	January 1, 2015

Because 2012 IAR changes from year to year, a single table of survivors/100,000 does not exist and, hence, is not provided below. The base table reflects mortality statistics of commercial annuity owners for 2000 – 2004 at each age. Presumed mortality in years after 2012 reflect these base mortality values adjusted for each year beyond 2012 using mortality improvement factors found in Scale G2.