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:

Calendar Year of Issue

Guarantee Duration (years)

2014

10 or fewer 3.75**

More than 10 but not more than 20 3.75**

More than 20 3.50**

Source: Rates calculated from the monthly averages, ending June 30, 2013, 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 2014 of 1.79 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in this table.

Bulletin No. 2014–5 449 January 27, 2014

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

2013 4.00*

Source: Rates calculated from the monthly averages, ending June 30, 2013, of Moody’s Composite Yield on Seasoned Corporate Bonds.

*As this prevailing state assumed interest rate exceeds the applicable federal interest rate for 2013 of 2.16 percent, the valuation interest rate of 4.00 percent is to be used for this product under § 807.

Part III, Schedule C24 – 2013

STATUTORY VALUATION INTEREST RATES BASED ON NAIC STANDARD VALUATION LAW

FOR 2013 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 Settlement

Options?

Future Interest Guarantee?

Guarantee Duration

(years)

Valuation Interest Rate

For Plan Type A B C

Yes Yes 5 or fewer 4.00* 3.75* 3.50*

More than 5, but 3.75* 3.75* 3.50*

not more than 10

More than 10, but

not more than 20

3.75* 3.50* 3.50*

More than 20 3.50* 3.50* 3.50*

Yes No 5 or fewer 4.00* 3.75* 3.75*

More than 5, but 4.00* 3.75* 3.75*

not more than 10

More than 10, but

not more than 20

3.75* 3.75* 3.50*

More than 20 3.50* 3.50* 3.50*

No Yes or No 5 or fewer 4.00*

More than 5, but 3.75* NOT

More than 5, but 3.75* NOT

not more than 10 APPLICABLE

More than 10, but 3.75*

not more than 10

3.75*

not more than 20

More than 20 3.50*

Source: Rates calculated from the monthly averages, ending June 30, 2013, of Moody’s Composite Yield on Seasoned Corporate Bonds.

*As these rates exceed the applicable federal interest rate for 2013 of 2.16 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in the above table.

January 27, 2014 450 Bulletin No. 2014–5

Part III, Schedule D24 – 2013

STATUTORY VALUATION INTEREST RATES BASED ON NAIC STANDARD VALUATION LAW

FOR 2013 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 Settlement

Options?

Future Interest Guarantee?

Guarantee Duration

(years)

Valuation Interest Rate

For Plan Type A B C

Yes Yes 5 or fewer 4.00* 4.00* 3.75*

More than 5, but 4.00* 4.00* 3.75*

not more than 10

More than 10, but

not more than 20

4.00* 3.75* 3.50*

More than 20 3.75* 3.75* 3.50*

Yes No 5 or fewer 4.25* 4.00* 3.75*

More than 5, but 4.00* 4.00* 3.75*

not more than 10

More than 10, but

not more than 20

4.00* 4.00* 3.75*

More than 20 3.75* 3.75* 3.50*

Source: Rates calculated from the monthly averages, ending June 30, 2013, of Moody’s Composite Yield on Seasoned Corporate Bonds.

• As these rates exceed the applicable federal interest rate for 2013 of 2.16 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in the above table.