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The first idea that comes to mind is a life annuity with an insurance company.
The same was to be the case in regard to former life annuities from the French government.
After 1780 the French government started to dominate this market with its life annuities.
If you're getting a purchased life annuity it's probably being paid to you after basic rate tax has been taken off.
For this, he was to receive a life annuity of £20.
Three months later he obtained a life annuity of £219.
A life annuity is a form of longevity insurance.
Impaired life annuities for smokers or those with a particular illness are also available from some insurance companies.
Otherwise, in particular if payments end upon the beneficiary's death, it is called a life annuity.
There has also been a significant growth in the development of Impaired Life annuities.
The life annuity he undertook to pay me was sufficient to my subsistence.
The chapter would be dissolved and the released canons paid a life annuity.
Defined benefit plans distribute their benefits through life annuities.
It also affects loans secured on an older person's (65 years or over) home which are used to purchase a life annuity.
This article allowed the British government to sell life annuities at an appropriate price based on the age of the purchaser.
However, private insurance companies could usually not compete with government life annuities when the government was active in this market.
In practice life annuities are not paid continuously.
Tax is automatically taken off the interest on your savings and income from life annuities at the rate of:
If life annuity had been purchased, a monthly income for life shall be given.
The publication about Life Annuities is seen as the first mathematical approach of chance and probability.
The life annuity he would give them, $49,509 a year, seems much higher than would be available using his 5 1/2 percent interest assumption.
Life annuities are priced based on the probability of the nominee surviving to receive the payments.
Approximately 90% of annuitants, however, have not taken the life annuity upon retirement.
She sought financial assistance from the Secretary of State and eventually was granted a small life annuity.
He recommended that people in their 60's select an annuity for a certain period, not a life annuity.