Note 205 — Chapter X
Reading edition
It will be remembered that under the Act 16 and 17 Vict., c. 45, a person could only insure his life on condition that he purchased an annuity. It is not so generally known that in the course of eleven years not one proposal for this twofold contract was ever received. It is not a little remarkable that now, this arrangement being no longer compulsory, one in every hundred proposers for Life Insurance also proposes for the purchase of an Annuity.