Virginia § 55.1-500 - Annuity table
Full text of Virginia Code of Virginia § 55.1-500 — Annuity table, with citation guidance and answers to common questions.
§ 55.1-500. Annuity table
When a party as tenant for life is entitled to the annual interests on a sum of money, or is entitled to the use of any estate, or a part thereof, and is willing to accept a gross sum in lieu thereof, or the party liable for such interest, or affected by such claim, has the right to pay a gross sum in lieu thereof, or if the court in any legal proceeding orders a gross sum to be paid in lieu thereof, the sum shall be estimated according to the then value of an annuity of eight percent on the principal sum during the probable life of such person, according to the following table, showing in Column I the present value, on the basis of eight percent interest, of an annuity of $1, payable at the end of every year that a person of a given age may be living, for the ages therein stated:
PRESENT VALUE
| --------------------------------------------------------------- | ||
| --------------------------------------------------------------- | ||
| --------------------------------------------------------------- | ||
| Age last birthday | I life | II lives |
| Less than one year | 12.060 | 11.670 |
| 1 | 12.291 | 12.124 |
| 2 | 12.291 | 12.127 |
| 3 | 12.286 | 12.120 |
| 4 | 12.278 | 12.107 |
| 5 | 12.267 | 12.091 |
| 6 | 12.256 | 12.071 |
| 7 | 12.242 | 12.049 |
| 8 | 12.227 | 12.024 |
| 9 | 12.211 | 11.996 |
| 10 | 12.192 | 11.965 |
| 11 | 12.171 | 11.930 |
| 12 | 12.149 | 11.892 |
| 13 | 12.125 | 11.852 |
| 14 | 12.102 | 11.812 |
| 15 | 12.078 | 11.773 |
| 16 | 12.055 | 11.736 |
| 17 | 12.032 | 11.701 |
| 18 | 12.010 | 11.666 |
| 19 | 11.988 | 11.632 |
| 20 | 11.964 | 11.596 |
| 21 | 11.939 | 11.559 |
| 22 | 11.913 | 11.521 |
| 23 | 11.886 | 11.480 |
| 24 | 11.857 | 11.437 |
| 25 | 11.824 | 11.389 |
| 26 | 11.789 | 11.336 |
| 27 | 11.751 | 11.278 |
| 28 | 11.709 | 11.215 |
| 29 | 11.664 | 11.148 |
| 30 | 11.615 | 11.075 |
| 31 | 11.564 | 10.998 |
| 32 | 11.510 | 10.917 |
| 33 | 11.452 | 10.831 |
| 34 | 11.391 | 10.741 |
| 35 | 11.326 | 10.645 |
| 36 | 11.258 | 10.545 |
| 37 | 11.186 | 10.440 |
| 38 | 11.110 | 10.331 |
| 39 | 11.031 | 10.217 |
| 40 | 10.948 | 10.098 |
| 41 | 10.861 | 9.975 |
| 42 | 10.770 | 9.847 |
| 43 | 10.675 | 9.714 |
| 44 | 10.576 | 9.576 |
| 45 | 10.473 | 9.434 |
| 46 | 10.365 | 9.288 |
| 47 | 10.254 | 9.138 |
| 48 | 10.138 | 8.983 |
| 49 | 10.018 | 8.824 |
| 50 | 9.893 | 8.661 |
| 51 | 9.764 | 8.493 |
| 52 | 9.631 | 8.322 |
| 53 | 9.493 | 8.147 |
| 54 | 9.352 | 7.970 |
| 55 | 9.207 | 7.790 |
| 56 | 9.057 | 7.608 |
| 57 | 8.904 | 7.423 |
| 58 | 8.747 | 7.237 |
| 59 | 8.586 | 7.048 |
| 60 | 8.421 | 6.856 |
| 61 | 8.252 | 6.662 |
| 62 | 8.078 | 6.466 |
| 63 | 7.900 | 6.267 |
| 64 | 7.718 | 6.067 |
| 65 | 7.532 | 5.865 |
| 66 | 7.343 | 5.663 |
| 67 | 7.150 | 5.460 |
| 68 | 6.954 | 5.256 |
| 69 | 6.755 | 5.052 |
| 70 | 6.552 | 4.847 |
| 71 | 6.345 | 4.640 |
| 72 | 6.134 | 4.431 |
| 73 | 5.920 | 4.222 |
| 74 | 5.705 | 4.015 |
| 75 | 5.491 | 3.812 |
| 76 | 5.279 | 3.615 |
| 77 | 5.069 | 3.424 |
| 78 | 4.861 | 3.239 |
| 79 | 4.654 | 3.057 |
| 80 | 4.448 | 2.879 |
| 81 | 4.244 | 2.706 |
| 82 | 4.044 | 2.538 |
| 83 | 3.846 | 2.376 |
| 84 | 3.652 | 2.217 |
| 85 | 3.459 | 2.061 |
| 86 | 3.272 | 1.911 |
| 87 | 3.097 | 1.774 |
| 88 | 2.934 | 1.651 |
| 89 | 2.780 | 1.537 |
| 90 | 2.630 | 1.426 |
| 91 | 2.485 | 1.319 |
| 92 | 2.350 | 1.220 |
| 93 | 2.227 | 1.131 |
| 94 | 2.118 | 1.053 |
| 95 | 2.024 | 0.986 |
| 96 | 1.943 | 0.931 |
| 97 | 1.873 | 0.885 |
| 98 | 1.811 | 0.845 |
| 99 | 1.754 | 0.810 |
| 100 | 1.701 | 0.779 |
| 101 | 1.651 | 0.751 |
| 102 | 1.602 | 0.726 |
| 103 | 1.550 | 0.703 |
| 104 | 1.492 | 0.682 |
| 105 | 1.420 | 0.661 |
| 106 | 1.322 | 0.637 |
| 107 | 1.178 | 0.602 |
| 108 | 0.955 | 0.535 |
| 109 | 0.595 | 0.383 |
1973, c. 355, § 55-269.1; 1981, c. 612; 1990, c. 831; 2019, c. 712.
Frequently Asked Questions About Virginia § 55.1-500
What does Code of Virginia § 55.1-500 cover?
Section 55.1-500 ("Annuity table") is part of the Code of Virginia, the codified statutory law of Virginia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Virginia § 55.1-500?
A common citation format is "Code of Virginia § 55.1-500" (Virginia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Virginia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Virginia official source linked on this page or consult a licensed Virginia attorney.
How does Virginia § 55.1-500 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Virginia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Virginia.