Principal Life Insurance Company
Actuarial Memorandum for Policy Form SF-653
Executive Flexible Premium Variable Universal Life
Kiri Parankirinathan, ASA, MAAA
Product Consulting Actuary
Principal Life Insurance Company
Actuarial Memorandum for Policy Form SF-653
Executive Flexible Premium Variable Universal Life
General Description of the Policy
Policy form SF-653 is a Flexible Premium Variable Universal Life Insurance
Policy ("Policy"). The product will be offered for sale to corporations, trusts,
partnerships and individuals under corporate sponsored plans. Corporations may
purchase this policy on the lives of its employees on whom an insurable interest
is established. The Policy Owner may increase or decrease the face amount of
insurance, change the allocation of premium (net of loads) among investment
options, and transfer amounts among investment options subject to Principal Life
Insurance Company's rules. Investment options consist only of a Variable Life
Account Fund. Policy Owners cannot allocate any premium to the General Account
(Fixed account). This is a non-participating policy.
Premiums
After the initial premium is paid, premium payments are flexible subject to the
limitations specified in the policy. Premium loads are deducted from each
premium payment. Any premium that would disqualify the contract as life
insurance, according to IRC 7702 regulation, will be returned.
Face Amounts and Death Benefits
This policy provides adjustable life insurance coverage payable upon the death
of the insured until the Maturity Date. If the Policy Owner selects the
Supplemental Benefit Rider, the Face Amount will include the Supplemental
Benefit Amount.
Policy Owner will have the option of selecting one of the two following Death
Benefit Compliance Tests at issue:
(1) The Guideline Premium Test
(2) The Cash Value Accumulation Test
Once a test is selected at issue, it cannot be changed. There are three death
benefit options available:
Option 1: The Death Benefit equals the Face Amount.
Option 2: The Death Benefit equals the Face Amount plus the Policy Value on the
date of the insured's death.
Option 3: The Death Benefit equals the Face Amount plus the cumulative premiums
less cumulative partial withdrawals.
Options 2 and 3 are not available under the Cash Value Accumulation Test.
Regardless of the death benefit option, the death benefit is subject to a
minimum to ensure the compliance with IRC 7702.
The Death Benefit is equal to the total insured amount less any indebtedness and
less any deduction amounts that are not paid.
Maturity Date and Maturity Value
The Maturity Date is the policy anniversary next following the insured's
attained age 100.
On the Maturity Date, a Maturity Value equal to the Net Surrender Value will be
paid. The Extended Coverage Rider provides the opportunity to extend the payment
of the Death Benefit past the Maturity Date to the date of the insured's death.
Investment Accounts
Principal Life Insurance Company will establish Divisions of the Separate
Account. These Divisions make up the investment options available to the
policyholder and represent where the policy's Policy Value will be invested.
Detailed descriptions of the Divisions can be found in the policy prospectus
filed with the Securities and Exchange Commission. Premiums, net of premium
loads, are allocated among Divisions using allocation percentages as designated
by the policyholder. These allocation percentages may be changed at any time.
Transfers may be made between Divisions at any time. There is no charge for the
first transfer each policy month. A $25.00 per transfer will be assessed to each
additional transfer.
An investment expense is deducted from the investment return to the policyholder
for the Division chosen. Investment expenses vary by fund and can be found in
the prospectus.
Policy Value
The Policy Value on any date after date of issue is the total Policy Value on
previous day, plus
any premium amounts received,
any increase due to investment results in the Divisions to which that
portion of total Policy Value is allocated, and
that portion of interest credited on that portion of the total Policy
Value that is in the loan account,
minus
any premium loads
any amounts representing partial withdrawals, and
any decrease due to investment results in the Divisions to which that
portion of total Policy Value is allocated
Additionally, on each monthly activity date, the total Policy Value is reduced
by the cost of insurance charge, any substandard flat extras, the asset based
charge and the cost of any riders in-force on the policy, if any.
Surrender Value
There are no surrender charges on this policy. The Surrender Value is enhanced
by the Enhanced Cash Surrender Value Rider (ECSVR). This rider automatically
becomes part of the policy at issue. The Surrender Value for this policy equals
the Policy Value plus enhancements as a result of the ECSVR. The Net Surrender
Value equals the Surrender Value less any outstanding loans or loan interest.
Loans and Partial Surrenders
Loans are available on any Valuation Day, subject to maximums and minimums set
forth in the Policy. Up to 90% of the Net Policy Value may be borrowed. Policy
loans will be transferred from one or more of the Divisions into the loan
account. Balances in the loan account will be charged interest at a rate of
5.00% in policy years 1 through 10 and 4.30% in Policy Years 11 and thereafter.
The rate of interest credited to the balance will be the charged loan interest
rate less 1.00% in years 1 though 10 and 0.30% in years 11 and after, never to
exceed 1.00% in all years.
Partial Surrenders are available on any Valuation Day, subject to maximums and
minimums set forth in the Policy. Up to 90% of the Net Policy Value may be
withdrawn. The withdrawals will result in the redemption of units from one or
more Divisions. The Net Policy Value will be reduced by the amount of the
withdrawal plus a transaction charge. No charge will be assessed for the first
two withdrawals in any given Policy Year. A $25.00 charge per withdrawal will be
assessed for all other withdrawals.
Underwriting/Risk Classification
The company offers full underwriting and special underwriting programs. Risk
classes will differ by smoking status. For policies issued on a fully
underwritten basis, risk classes will further vary by preferred and standard.
Substandard Insureds
Substandard ratings and Flat Extras will be available. Any charges will be set
forth in the policy.
A table rating will be charged by applying the appropriate multiple to the
insured's standard cost of insurance rate. For example, the cost of insurance
rates for an insured rated 250% of standard would be 2.5 times the standard cost
of insurance rates for a non-rated insured.
Continuation of Insurance Benefit & Policy Termination
If premiums are not continued and the death benefit guarantee premium
requirement is not met, the policy will continue in force until the Net
Surrender Value is insufficient to pay the monthly policy charge.
The grace period of 61 days begins when we mail the notice of impending
termination. A notice of impending termination is sent at the point there is not
enough net policy value to process the monthly policy charge. The policy is in a
pending lapse status during the grace period. Loan re-payments can be accepted
while the policy is in pending lapse. The total face amount can also be adjusted
if the policy is in pending lapse. If the requested premium, as defined below is
not received by the end of the grace period, the policy terminates as of the end
of the grace period. If the insured dies within the grace period, we will pay
the death proceeds. No adjustments of the face amount can be made during the
grace period. The requested premium is 3 times the first failed monthly
deduction divided by (1-maximum premium expense charge), plus any amount by
which the Net Policy Value is below zero.
Reinstatement
The policy may be reinstated provided:
o Such reinstatement is prior to the maturity date
o Not more than three years have elapsed since the policy terminated
o Insured supplies evidence which satisfies us that the insured is insurable
o Outstanding loans are repaid or reinstated at the indebtedness existing at
termination
o We receive three monthly policy charges divided by 1 minus the maximum
premium expense charge of 0.1045.
Cost of Insurance
The current cost of insurance rates for this policy reflect the insured's age,
sex and underwriting class. The cost of insurance rates declared in any policy
year would never exceed the Maximum Cost of Insurance Rates. The Maximum Cost of
Insurance Rates are based on 1980 CSO Mortality Table (ANB). The variations of
1980 CSO are as follows:
Sex/Smoker Table
Male Non-Smoker 1980 CSO Aggregate (Male Non-Smoker)
Male Smoker 1980 CSO Aggregate (Male Smoker)
Female Non-Smoker 1980 CSO Aggregate (Female Non-Smoker)
Female Smoker 1980 CSO Aggregate (Female Smoker)
Unisex Non-Smoker 1980 CSO Aggregate Table B (Non-Smoker-80% Male)
Unisex Smoker 1980 CSO Aggregate Table B (Smoker-80% Male)
The Company may use lower cost of insurance rates than those guaranteed.
Appropriate actuarial adjustments will be made for the various underwriting
classifications.
Reserves
The reserve will be based on the Commissioners Reserve Valuation Method. It will
equal or exceed the Surrender Value.
Additional reserves are held for the guaranteed minimum death benefit provided
for by the Death Benefit Guarantee Rider. These reserves are calculated
according to the requirements in the NAIC Actuarial Guideline VL-GMDB.
Additional Policy Factors
Issue Ages and Risk Classes (Sex distinct and unisex)
1) Ages 20-75, Standard/Preferred & Smoker/Non-smoker
2) Ages 20-70, special underwriting programs, Smoker/Non-smoker
Maturity age
100
Substandard Ratings:
- --------------------
1) A-H percentage ratings
2) Flat extras (AA & RR) up to $99.99 per thousand available
Minimum Premium to Issue Case:
N/A
Minimum Face Amount
$100,000 (combined face amount for the base and supplemental benefit insurance)
Maximum Face Amount:
Based upon reinsurance and underwriting program maximum limits. We will reserve
the right to limit premium payments if the net amount at risk grows beyond the
maximum limits as defined in our reinsurance treaties.
Charges and Deductions
Premium Load
----------------- ---------------------------- -----------------------------
Policy Year Up to Target Premium On Excess Premium
----------------
----------------- ---------------------------- -----------------------------
----------------- ------------ --------------- -------------- --------------
Sales Load Premium Sales Load Premium
Tax+DAC Tax+DAC
----------------- ------------ --------------- -------------- --------------
----------------- ------------ --------------- -------------- --------------
1 4.5% 3.45% 0% 3.45%
----------------- ------------ --------------- -------------- --------------
----------------- ------------ --------------- -------------- --------------
2 to 5 7% 3.45% 0% 3.45%
----------------- ------------ --------------- -------------- --------------
----------------- ------------ --------------- -------------- --------------
6 to 10 3% 3.45% 0% 3.45%
----------------- ------------ --------------- -------------- --------------
----------------- ------------ --------------- -------------- --------------
11+ 0% 3.45% 0% 3.45%
----------------- ------------ --------------- -------------- --------------
Guaranteed Premium Load is equal to current Premium Load in years 1 through 10.
Guaranteed Premium load is 6.45% in years 11 and after. Asset Based Charge The
total asset based charge is 0.30% (of assets) per year deducted monthly.
The guaranteed asset based charge is 0.60%. If there is an increase to the asset
based charge, it will not be applied to existing policies for the life of such
policies. Increase will be applicable only to new policies and the increase will
be subject to the maximum of 0.60%.
Policy Administration Charge
Current and guaranteed charge is $0.00/mo.
Underwriting Charge
Current and guaranteed charge is $0.00/mo.
Surrender Charge
There are no surrender charges on this product.
Compliance with Standard Nonforfeiture Laws (SNFL)
The NAIC Model Variable Life Insurance Regulation discusses nonforfeiture values
for variable life policies. Under the retrospective approach, a demonstration is
to be provided showing that if the net investment return for the policy equals
the accumulation rate, the resulting Policy Values and nonforfeiture benefits
will be at least equal to the minimum values for a general account policy with
the same premiums and benefits. This discussion demonstrates that this provision
is met at all times due to the design of this policy.
This discussion assumes a 4.00% accumulation rate or net investment return. The
maximum nonforfeiture interest rate for calendar year 2002 is 5.75%, i.e. 125%
of the maximum allowable valuation interest rate (4.50%), rounded to the nearest
...25%. The guaranteed cost of insurance charges under this policy equal the
minimum mortality allowable under SNFL. Since the mortality basis is equivalent
and the accumulation rate or net investment return is lower than the prescribed
nonforfeiture interest rate for calculating minimum values, the resulting values
under this policy will exceed SNFL minimums as long as surrender charges do not
exceed the maximum expense allowances provided under SNFL, less the initial
excess expense charge. Surrender charges for this policy are zero. Therefore, as
long as the maximum expense allowance less the initial excess expense charge is
greater than zero, the requirement is met.
Definitions
X = age at issue
TMx+t = present value of a life annuity of $1 per year
payable at the beginning of each year to a life age
x+t, calculated using 1980 CSO Aggregate ANB, sex and
smoker/non-smoker distinct mortality table.
Interest was assumed at 4.00%
EA = initial expense allowance as defined by the 1980
amendments to SNFL
NLPx = net level annual premium, calculated using 1980 CSO
Aggregate ANB, sex and smoker/non-smoker distinct
mortality table. Interest was assumed at 4.00%
Expense Allowance
As defined by the 1980 amendments to the SNFL, the initial expense allowance per
thousand of insurance is
Per thousand EA = $10 + 1.25 * min [$40, NLPx]
The unused initial expense allowance equals Per thousand EA less the initial
excess expense charge on a per thousand basis. The initial excess expense charge
is equal to the first year expense charge less the average administrative
expense charge over policy years 2 though 20.
The unamortized unused initial expense allowance during the policy year
beginning on policy anniversary is the unused initial expense allowance times
the ratio of TMx+t / TMx.
Based on the load structure for this policy, the initial excess expense charge
is always less than the maximum expense allowance per SNFL. The following chart
demonstrates this for various ages and risk-classes at the Target Premium.
- ------------ -------------------------------------------- --------------------------------------------
MNS FNS
- ------------ -------------------------------------------- --------------------------------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
age Maximum Expense Initial Excess Maximum Expense Initial Excess
Allowance Per SNFL Expense Charge Per Allowance Per SNFL Expense Charge Per
Per Thousand Thousand Per Thousand Thousand
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
25 20 0.19 18 0.16
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
35 25 0.27 23 0.23
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
45 33 0.37 29 0.32
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
55 48 0.51 41 0.43
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
65 60 0.69 60 0.59
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ -------------------------------------------- --------------------------------------------
MSM FSM
- ------------ -------------------------------------------- --------------------------------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
age Maximum Expense Initial Excess Maximum Expense Initial Excess
Allowance Per SNFL Expense Charge Per Allowance Per SNFL Expense Charge Per
Per Thousand Thousand Per Thousand Thousand
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
25 22 0.19 20 0.16
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
35 29 0.27 25 0.23
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
45 40 0.37 33 0.32
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
55 60 0.51 46 0.43
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
65 60 0.69 60 0.59
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ -------------------------------------------- --------------------------------------------
UNISEX NSM UNISEX SM
- ------------ -------------------------------------------- --------------------------------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
age Maximum Expense Initial Excess Maximum Expense Initial Excess
Allowance Per SNFL Expense Charge Per Allowance Per SNFL Expense Charge Per
Per Thousand Thousand Per Thousand Thousand
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
25 19 0.19 22 0.19
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
35 24 0.26 28 0.26
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
45 32 0.36 39 0.36
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
55 47 0.49 57 0.49
- ------------ --------------------- ---------------------- --------------------- ----------------------
- ------------ --------------------- ---------------------- --------------------- ----------------------
65 60 0.67 60 0.67
- ------------ --------------------- ---------------------- --------------------- ----------------------
Comparing Policy Values to Minimum Cash Value Requirements of SNFL
The minimum cash surrender value per SNFL is the Policy Value less the
unamortized unused initial expense allowance. If surrender charges are less than
this amount, the contract meets the minimum values as required. This variable
policy does not have any surrender charges, and as a result, this policy always
complies with the minimum value requirements of SNFL.
APPENDIX A
Guaranteed Cost of Insurance Rates .
1980 CSO ANB M/F NS/SM
Age nearest birthday
MNS FNS MS FS
0 0.00418 0.00289 0.00418 0.00289
1 0.00107 0.00087 0.00107 0.00087
2 0.00099 0.00081 0.00099 0.00081
3 0.00098 0.00079 0.00098 0.00079
4 0.00095 0.00077 0.00095 0.00077
5 0.0009 0.00076 0.0009 0.00076
6 0.00086 0.00073 0.00086 0.00073
7 0.0008 0.00072 0.0008 0.00072
8 0.00076 0.0007 0.00076 0.0007
9 0.00074 0.00069 0.00074 0.00069
10 0.00073 0.00068 0.00073 0.00068
11 0.00077 0.00069 0.00077 0.00069
12 0.00085 0.00072 0.00085 0.00072
13 0.00099 0.00075 0.00099 0.00075
14 0.00115 0.0008 0.00115 0.0008
15 0.00129 0.00084 0.00165 0.00094
16 0.00143 0.00088 0.00187 0.00099
17 0.00154 0.00092 0.00205 0.00104
18 0.0016 0.00095 0.00216 0.00109
19 0.00166 0.00098 0.00226 0.00113
20 0.00168 0.00101 0.00231 0.00116
21 0.00167 0.00102 0.00233 0.00118
22 0.00164 0.00104 0.0023 0.00121
23 0.00161 0.00105 0.00226 0.00123
24 0.00157 0.00108 0.00221 0.00127
25 0.00152 0.00109 0.00214 0.00129
26 0.00148 0.00112 0.00208 0.00134
27 0.00146 0.00114 0.00206 0.00138
28 0.00144 0.00117 0.00204 0.00142
29 0.00144 0.0012 0.00206 0.00148
30 0.00144 0.00124 0.0021 0.00155
31 0.00147 0.00127 0.00217 0.00161
32 0.0015 0.00131 0.00224 0.00168
33 0.00155 0.00135 0.00235 0.00175
34 0.00161 0.00142 0.00248 0.00186
35 0.00169 0.00147 0.00263 0.00194
36 0.00177 0.00156 0.00281 0.00209
37 0.00188 0.00167 0.00304 0.00228
38 0.002 0.00179 0.0033 0.00249
39 0.00214 0.00193 0.0036 0.00273
1980 CSO ANB M/F NS/SM
Age nearest birthday
MNS FNS MS FS
40 0.00229 0.00208 0.00394 0.003
41 0.00247 0.00226 0.00434 0.00333
42 0.00265 0.00244 0.00475 0.00364
43 0.00286 0.00262 0.00522 0.00396
44 0.00307 0.0028 0.00571 0.00428
45 0.00332 0.00299 0.00627 0.00461
46 0.00359 0.00319 0.00683 0.00495
47 0.00388 0.00341 0.00744 0.00531
48 0.00419 0.00365 0.00808 0.00568
49 0.00454 0.0039 0.0088 0.00608
50 0.00491 0.00419 0.00956 0.00654
51 0.00535 0.0045 0.01044 0.007
52 0.00586 0.00485 0.01142 0.00752
53 0.00643 0.00526 0.01254 0.00813
54 0.00709 0.00568 0.0138 0.00875
55 0.00782 0.00613 0.01514 0.0094
56 0.00863 0.00659 0.01659 0.01005
57 0.00949 0.00705 0.01809 0.01067
58 0.01042 0.00749 0.01969 0.01125
59 0.01147 0.00796 0.02135 0.01185
60 0.01264 0.00851 0.02319 0.01251
61 0.01394 0.00916 0.02526 0.01336
62 0.01542 0.00998 0.02759 0.01439
63 0.01711 0.01101 0.03023 0.01578
64 0.01902 0.01223 0.03314 0.01733
65 0.02113 0.01355 0.03629 0.01907
66 0.0234 0.01497 0.03957 0.02079
67 0.02586 0.01641 0.04301 0.02258
68 0.0285 0.01786 0.04655 0.0242
69 0.03138 0.01941 0.05032 0.02602
70 0.03463 0.0212 0.05448 0.02795
71 0.03891 0.02334 0.05909 0.03045
72 0.04256 0.02599 0.06433 0.03355
73 0.04744 0.02922 0.07023 0.03733
74 0.05292 0.03302 0.07666 0.04174
75 0.0588 0.03732 0.08377 0.04664
76 0.06506 0.04204 0.0911 0.05192
77 0.07164 0.04711 0.09852 0.05746
78 0.07847 0.05253 0.10591 0.06323
79 0.08572 0.05845 0.11349 0.06941
80 0.09367 0.06512 0.12159 0.07626
81 0.10252 0.07276 0.13041 0.084
82 0.11252 0.08159 0.1402 0.09284
GUARANTEED COST OF INSURANCE RATES
1980 CSO ANB M/F NS/SM
Age nearest birthday
MNS FNS MS FS
83 0.12379 0.09176 0.15103 0.10287
84 0.13611 0.10303 0.16249 0.11465
85 0.1492 0.11538 0.1742 0.12642
86 0.1628 0.12858 0.18578 0.13979
87 0.17679 0.14271 0.19706 0.15267
88 0.19089 0.15761 0.20937 0.16723
89 0.20529 0.17351 0.22152 0.18107
90 0.22019 0.19039 0.23369 0.19701
91 0.23584 0.20858 0.24612 0.214
92 0.25275 0.2286 0.25933 0.23254
93 0.27163 0.2514 0.2763 0.25355
94 0.29565 0.27931 0.29815 0.27931
95 0.32996 0.31732 0.32996 0.31732
96 0.38455 0.37574 0.38455 0.37574
97 0.4802 0.47497 0.4802 0.47497
98 0.65798 0.65585 0.65798 0.65585
99 1 1 1 1
Guaranteed Cost of Insurance Rates
1980 CSO Table B ANB Unisex
AGE NonSmoker Smoker
0 0.00392 0.00392
1 0.00103 0.00103
2 0.00095 0.00095
3 0.00094 0.00094
4 0.00091 0.00091
5 0.00087 0.00087
6 0.00083 0.00083
7 0.00078 0.00078
8 0.00075 0.00075
9 0.00073 0.00073
10 0.00072 0.00072
11 0.00075 0.00075
12 0.00082 0.00082
13 0.00094 0.00094
14 0.00108 0.00108
15 0.00120 0.00151
16 0.00132 0.00170
17 0.00142 0.00185
18 0.00147 0.00195
19 0.00152 0.00204
20 0.00155 0.00209
21 0.00155 0.00210
22 0.00152 0.00209
23 0.00150 0.00206
24 0.00147 0.00203
25 0.00144 0.00197
26 0.00141 0.00193
27 0.00140 0.00192
28 0.00138 0.00192
29 0.00140 0.00194
30 0.00140 0.00199
31 0.00143 0.00206
32 0.00146 0.00213
33 0.00150 0.00223
34 0.00158 0.00235
35 0.00164 0.00250
36 0.00173 0.00267
37 0.00183 0.00289
38 0.00196 0.00314
39 0.00210 0.00343
40 0.00225 0.00375
41 0.00243 0.00414
42 0.00260 0.00453
AGE NonSmoker Smoker
43 0.00281 0.00497
44 0.00301 0.00542
45 0.00326 0.00594
46 0.00351 0.00645
47 0.00378 0.00701
48 0.00409 0.00760
49 0.00441 0.00825
50 0.00476 0.00895
51 0.00518 0.00974
52 0.00565 0.01063
53 0.00619 0.01164
54 0.00681 0.01277
55 0.00748 0.01396
56 0.00821 0.01524
57 0.00900 0.01655
58 0.00984 0.01793
59 0.01075 0.01936
60 0.01180 0.02093
61 0.01296 0.02272
62 0.01430 0.02475
63 0.01586 0.02709
64 0.01762 0.02966
65 0.01955 0.03245
66 0.02164 0.03533
67 0.02387 0.03833
68 0.02624 0.04134
69 0.02882 0.04456
70 0.03174 0.04806
71 0.03551 0.05202
72 0.03889 0.05656
73 0.04337 0.06172
74 0.04839 0.06739
75 0.05384 0.07364
76 0.05965 0.08011
77 0.06577 0.08664
78 0.07213 0.09317
79 0.07892 0.09991
80 0.08640 0.10714
81 0.09477 0.11511
82 0.10426 0.12403
83 0.11502 0.13401
84 0.12680 0.14497
85 0.13945 0.15608
86 0.15261 0.16775
87 0.16638 0.17903
AGE NonSmoker Smoker
88 0.18045 0.19174
89 0.19503 0.20404
90 0.21029 0.21742
91 0.22651 0.23158
92 0.24413 0.24688
93 0.26404 0.26545
94 0.28936 0.28936
95 0.32489 0.32489
96 0.38097 0.38097
97 0.47769 0.47769
98 0.65738 0.65738
99 1.00000 1.00000