Blake, David (contributor); Cairns, Andrew (contributor); … - 2008
financial protection against the major 18th and 19th century risk
of dying too soon, life assurance became the biggest … the trustees and plan members are
that pensions are now secured in full (subject to the credit risk of the life assurer … there is no credit risk.
However, the total interest is capped at the sale price of property and lenders are protected …