Everybody's Guide to Money Matters: with a description of the various investments chiefly dealt in on the stock exchange, and the mode of dealing therein by William Cotton
page 51 of 144 (35%)
page 51 of 144 (35%)
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INSURANCE OFFICE ANNUITIES. Some of the Insurance Offices grant imme- diate annuities. Of course, in purchasing a life annuity from an Insurance Office, it is necessary to ensure as far as is humanly possible that an annuity will be paid for life. This not only de- pends upon the present solvency of the company, but upon that solvency being maintained. There is not much difficulty, however, in selecting from amongst the numerous well-established companies, with proper advice, one that will answer every requirement. The following table shows the amount of an annuity granted by the undermentioned companies for every £100 paid. The age last birthday is that upon which the pay- ment is based, and the initial letters M. and F. indicate the rates for male and female lives. The ages quoted range from 50 to 70 years, but the terms for purchasing an annuity at any age can be obtained at the Insurance Office. By a few companies, distinguished thus (!), the proportionate amount of annuity is payable to the day of death. ----------------------------------------------------------------------------------------------------- |
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