IT ’S THE MONDAY AFTER THE SUPER BOWL AND RATES ARE STILL LOW

I was trying to find something interesting to write about and they only thing I could find is the S&P projected settlement of $1.4B with the Federal and State governments over inflated ratings on subprime mortgages.  Since the major rating agencies come into play when we do our cofiduciary work for group annuity contracts this settlement once again proves that blind faith in any institution can be hazardous to your balance sheet!  
We believe that the following rates applied to the RP-2014 Base Mortality Table with an MP 2014 projection for future mortality improvement will give you a pretty good indication of the price of a group annuity contract. Use the smaller rate for small contracts.