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Keeping Abreast of Mortality Change - page 21 / 21

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Table 6 Australian males 1997: Comparison of life annuities at 5% p.a. interest _____________________________________________________________

Age

Present value of annuity payable annually in arrear according to

x

the following: _______________________________________________________

(1)

A specially projected

generational life table

(5)

Australian Life Table

(2)

Gompertz generational

1990-9 Males

2:

Gompertz generational

approach and deferred annuity certain

(4)

approach and reference to a standard tablea

(3)

0

19.06

-

19.30

19.37

1

19.18

-

19.40

19.49

10

18.79

-

19.12

19.20

20

18.15

-

18.61

18.68

30

17.29

18.09

17.91

17.96

40

15.91

16.83

16.70

16.71

50

13.83

14.80

14.77

14.73

60

11.08

11.98

12.06

11.98

70

8.00

8.75

8.85

8.76

80

5.02

5.58

5.63

5.58

90

2.89

3.27

3.31

3.25

_____________________________________________________________

_____________________________________________________________ aPA(90) males

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