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Although Canada has made outstanding contributions to the theory and practice of life insurance and pensions, this book, originally published in 1964, remains unique as a text designed specifically for Canadian use. This revised and updated edition follows the format of the original, dealing with the fundamentals of life insurance from its first actuarial principles, with notes on historical origins, and special references to present Canadian conditions. An invaluable text for students, the book is also a fundamental reference for professionals in life insurance and organizations serving the fields of life insurance, annuities, and pensions.