Paychecks and Playchecks: Retirement Solutions for Life by Tom Hegna

Author:Tom Hegna
Language: eng
Format: mobi
Published: 2014-09-14T14:00:00+00:00

AD 225

AD 225 – A Roman judge named Ulpianus produced the first known mortality table for “annua,” which were lifetime stipends made once per year in exchange for a lump-sum payment.

1600s

1600s – “Tontines” became popular with European governments to pay for wars and public works projects. A tontine gave each participant income for life, with the payments increasing to the survivors as other participants passed away. Payments ceased upon the death of all the participants.

1700s

1700s – British Parliament authorized annuity sales. Annuities became popular among European “high society,” as a form of prevention of a fall from grace, unavailable in other, more risky investments.

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