How Long Have Annuities Been Around For? 
Shockingly , a type of annuity was discovered in Egypt in 1700 BC . In 562 BC there is a passage in the Bible referring to a form of annuity . By the second century Roman soldiers were given a life annuity for service to the empire . For the next millennium , churches and monasteries used life annuities . In 1693 , Sir Edmund Halley , created the first mortality tables based on age for life annuities , the basic acturial science we use today . Nothings new under the sun . 