ICI Comment Letter Responding to DOL Lifetime Income Illustration ANPRM (pdf)

$0 $200 $400 $600 $800 $1,000 $1,200 $1,400 8.12% 12.92% 9.69% 8.22% 5.71% 5.52% 4.52% 2.97% 15.41% 1.47% 1.63% 2.13% Dec-75 Dec-80 Dec-85 Dec-90 Dec-95 Dec-00 Dec-05 Dec-10 Sep-81 Jun-12 Dec-12 Jun-13 Es tim at ed M on th ly In co m e Note: Interest rates are equal to the 10-year constant maturity Treasury securities rate for the first business day of the last month of the quarter. Sources: Investment Company Institute tabulations, Federal Reserve Bank of St. Louis, and Internal Revenue Service Projected Balance Remains the Same but the Income Generated by the Proposed Annuity Changes Single-life annuity starting at age 65 purchased with $100,000; calculation uses 2012 unisex mortality tables and 10-year U.S. Treasury yields for select dates High Low Year-End 2012 2nd Quarter 2013 Interest Rate: Date: