Mortality Factors for Valuation: Probability Adjusted Remainder Perpetuity Present Value Factors, 2013 Volume 1

This is the first volume in a 3-volume work which provides 18 different demographic tables for remainder perpetuity present value factors which can be used to estimate the present value of a remainder perpetuity for secondary beneficiaries given a demographic and current age of the primary beneficiary as well as any combination of discount and growth rates (for all discount rates between 1% and 30%). These factors have been calculated considering the conditional probabilities of death (found in the Age-Based Conditional Probabilities of Death for the same year) rather than the traditional estimation of life expectancy. The use of conditional probabilities of death produces more accurate factors. Factors based on the traditional life expectancy generates vastly under-estimated present values of remainder perpetuities.