November 15, 1951 (21st Parliament, 5th Session)

LIB

Paul-Émile Côté (Parliamentary Assistant to the Minister of Labour)

Liberal

Mr. Cote (Verdun-La Salle):

I referred to the mortality tables which were put into effect in April 1948 when the changes in the cost of annuity contracts were made.

Topic:   A FEW EXAMPLES SHOWING THE MONTHLY PREMIUM REQUIRED TO PURCHASE A LEVEL ANNUITY FOR LIFE COMMENCING AT AGE 65 MALES, 60 FEMALES, COMPARED WITH THE MONTHLY PREMIUM NECESSARY TO PRODUCE ANNUITIES OF THE SAME AMOUNT BUT WHICH REDUCE AT AGE 70 BY THE AMOUNT OF THE OLD AGE SECURITY ($40 PER MONTH.
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