Part III. Prevailing State Assumed Interest Rates — Products Issued in Years After 1982.

Schedule A

STATUTORY VALUATION INTEREST RATES BASED ON THE 1980 AMENDMENTS TO THE

NAIC STANDARD VALUATION LAW

A. Life insurance valuation:

Guarantee Duration

(years)

Calendar Year of Issue

2008

10 or fewer 5.75**

More than 10

but not more than 20 5.25**

More than 20 5.00**

Source: Rates calculated from the monthly averages, ending June 30, 2007, of Moody’s Composite Yield on Seasoned Corporate Bonds.

• The terms used in the schedules in this ruling and in Part III of Rev. Rul. 92–19 are those used in the Standard Valuation Law; the terms are defined in Rev. Rul. 92–19.

** As these rates exceed the applicable federal interest rate for 2008 of 4.06 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in this table.

March 31, 2008 670 2008–13 I.R.B.

Part III, Schedule B

STATUTORY VALUATION INTEREST RATES BASED ON THE 1980 AMENDMENTS TO THE

NAIC STANDARD VALUATION LAW

B. Single premium immediate annuities and annuity benefits involving life contingencies arising from other annuities with cash settlement options and from guaranteed interest contracts with cash settlement options:

Calendar Year of Issue Valuation Interest Rate

2007 5.50*

Source: Rates calculated from the monthly averages, ending June 30, 2007, of Moody’s Composite Yield on Seasoned Corporate Bonds (formerly known as Moody’s Corporate Bond Yield Average — Monthly Average Corporates). The terms used in this schedule are those used in the Standard Valuation Law as defined in Rev. Rul. 92–19.

*As this prevailing state assumed interest exceeds the applicable federal interest rate for 2007 of 3.97 percent, the valuation interest rate of 5.50 percent is to be used for this product under § 807.

2008–13 I.R.B. 671 March 31, 2008

Part III, Schedule C24 — 2007

STATUTORY VALUATION INTEREST RATES BASED ON NAIC STANDARD VALUATION LAW

FOR 2007 CALENDAR YEAR BUSINESS GOVERNED BY THE 1980 AMENDMENTS

C. Valuation interest rates for other annuities and guaranteed interest contracts that are valued on an issue year basis:

Cash Future For Plan Type Settlement Interest Guarantee Duration

(years) A B C

Valuation Interest Rate (%)

Guarantee Duration

Options?

Future Interest Guarantee?

Yes Yes 5 or fewer 5.50 4.75 4.50

More than 5, but not

more than 10

More than 10, but not

more than 20

5.25 4.75 4.50

4.75 4.50 4.25*

More than 20 4.25* 4.00* 4.00*

Yes No 5 or fewer 5.50 5.00 4.75

More than 5, but not

more than 10

More than 10, but not

more than 20

5.50 5.00 4.75

5.00 4.50 4.50

More than 20 4.50* 4.25* 4.25*

No Yes or No 5 or fewer 5.50

More than 5, but not

more than 10

More than 10, but not

more than 20

5.25 NOT APPLICABLE

5.00

More than 20 4.25*

Source: Rates calculated from the monthly averages, ending June 30, 2007, of Moody’s Composite Yield on Seasoned Corporate Bonds.

*As these rates exceed the applicable federal interest rate for 2007 of 3.97 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in the above table.

March 31, 2008 672 2008–13 I.R.B.

Part III, Schedule D24 — 2007

STATUTORY VALUATION INTEREST RATES BASED ON NAIC STANDARD VALUATION LAW

FOR 2007 CALENDAR YEAR BUSINESS GOVERNED BY THE 1980 AMENDMENTS

D. Valuation interest rates for other annuities and guaranteed interest contracts that are contracts with cash settlement options and that are valued on a change in fund basis:

Cash Future For Plan Type Settlement Interest Guarantee Duration

(years) A B C

Valuation Interest Rate

Guarantee Duration

Options?

Future Interest Guarantee?

Yes Yes 5 or fewer 5.75 5.50 4.75

More than 5, but not

more than 10

More than 10, but not

more than 20

5.75 5.50 4.75

5.50 5.25 4.50

More than 20 4.75 4.75 4.25*

Yes No 5 or fewer 6.00 5.75 4.75

More than 5, but not

more than 10

More than 10, but not

more than 20

5.75 5.75 4.75

5.50 5.50 4.75

More than 20 5.00 5.00 4.25*

Source: Rates calculated from the monthly averages, ending June 30, 2007, of Moody’s Composite Yield on Seasoned Corporate Bonds.

*As the applicable federal interest rate for 2007 of 3.97 percent is less than the prevailing state assumed interest rate, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in the above table.

2008–13 I.R.B. 673 March 31, 2008