Publisher's Synopsis
Excerpt from On Centenarians, and the Duration of the Human Race: A Fresh and Authentic Enquiry; With Historical Notes, Criticisms, and Speculations
I may add, in passing, that, seeing that Annuities are chie?y purchased on the lives of females, the record of longevity exhibited in the preceding Table emphasises the teaching of general experience that the practice of Annuity business, now largely increasing in consequence, mainly, of the continuous decline in the market rate of interest upon sound investments, - is in no degree likely to contribute a profit to the Companies which favour this description of transaction. This contention is enforced, also, by the fact that, in Life Assurance, an improvement in the general rate of mortality is favourable to the Companies and partially counteracts the adverse in?uence of the reduced return from interest obtainable upon their Funds, while, in Annuity business, bot/z these elements combine in joint action against the prosperity of the offices.
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