Sale of Annuities by Governments |
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18th Century Actuary amount annual annual premium annuity contracts annuity rates appear apply average basis benefits Canadian Government carried Century charge church consider consideration consols continued contracts issued cost course criticism death deferred annuities effect employed England expenses extended fact finance fiscal further future given Government annuity government debt government securities government's granted immediate Income increased individual insurance companies interest interest rate invest largely later less lives loan loss March means measure mortality experience national debt obligations Office old age operation original outstanding paid Parliament payment period perpetual pointed premium present proposal purchase raised rate of interest rates receipts received reduction reported represent require result retire sale of annuities scheme selected sinking fund sold stocks subscribers success tontine transferred treasury United yield