The Life Expectancy Method determines the payment according to the rules for determining required minimum distributions under IRC Sec. 401(a)(9). The annual payment for each year is determined by dividing the account balance by the number from the chosen life expectancy table for that year. Under this method, the account balance, number from the chosen life expectancy table, and the resulting annual payments are re-determined each year. In general, payments may be based on either the joint life expectancy of the qualified plan owner and a designated beneficiary, the qualified plan owner's single life expectancy, or the qualified plan owner's life expectancy based on the Uniform Lifetime Table.