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Parties unable to keep up Payments may have an Annuity granted in lieu of Money returned.
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VI. Where a Party who has contracted under the Acts hereby repealed or shall contract under this Act for the Purchase of a Deferred Life Annuity by annual Payments shall, after having made One or more of such Payments, be unable to pay the Residue thereof, the said Commissioners may, at the Option of the Party beneficially interested in such Annuity, grant to such Party a Life Annuity, immediate or deferred, equivalent to the Amount of the several Payments so made by him, instead of returning the Amount of such Payments in Money.
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