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 thereinCotton, William, F.S.A., of Exeter
General
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
Cotton, William, F.S.A., of Exeter
Banks and banking -- Great Britain; Investments -- Great Britain; Money; Stock exchanges -- Great Britain
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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.
Public-domain text, read in full here on John Shaqi.
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