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

2016

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, 2015, 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 2016 of 1.56 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in this table.

January 25, 2016 284 Bulletin No. 2016–4

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

2015 4.00*

Source: Rates calculated from the monthly averages, ending June 30, 2015, of Moody’s Composite Yield on Seasoned Corporate Bonds.

*As this prevailing state assumed interest rate exceeds the applicable federal interest rate for 2015 of 1.68 percent, the valuation interest rate of 4.00 percent is to be used for this product under § 807.

Part III, Schedule C24–2015

STATUTORY VALUATION INTEREST RATES BASED ON NAIC STANDARD VALUATION LAW

FOR 2015 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)

Settlement Interest Valuation Interest Rate For Plan Type

Options? Guarantee? Guarantee Duration (years) A B C

Yes Yes 5 or fewer 4.00* 3.75* 3.50*

More than 5, but not more than 10 4.00* 3.75* 3.50*

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 not more than 10 4.00* 3.75* 3.75*

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 not more than 10 4.00* NOT APPLICABLE

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, 2015, of Moody’s Composite Yield on Seasoned Corporate Bonds.

*As these rates exceed the applicable federal interest rate for 2015 of 1.68 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in the above table.

Bulletin No. 2016–4 285 January 25, 2016

Part III, Schedule D24–2015

STATUTORY VALUATION INTEREST RATES BASED ON NAIC STANDARD VALUATION LAW

FOR 2015 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 4.25* 4.00* 3.75*

More than 5, but not more than 10 4.00* 4.00* 3.75*

More than 10, but not more than 20 4.00* 4.00* 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 not more than 10 4.25* 4.00* 3.75*

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, 2015, of Moody’s Composite Yield on Seasoned Corporate Bonds.

• As these rates exceed the applicable federal interest rate for 2015 of 1.68 percent, the valuation interest rate to be used for this product under § 807 is the applicable rate specified in the above table.