Definition of Tontine insurance. Meaning of Tontine insurance. Synonyms of Tontine insurance
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Definition of Tontine insurance
Tontine insuranceTontine insurance Ton*tine" in*su"rance (Life Insurance)
Insurance in which the benefits of the insurance are
distributed upon the tontine principle. Under the old, or
full tontine, plan, all benefits were forfeited on lapsed
policies, on the policies of those who died within the
tontine period only the face of the policy was paid
without any share of the surplus, and the survivor at the
end of the tontine period received the entire surplus.
This plan of tontine insurance has been replaced in the
United States by the
semitontine plan, in which the surplus is divided among the
holders of policies in force at the termination of the
tontine period, but the reverse for the paid-up value is
paid on lapsed policies, and on the policies of those that
have died the face is paid. Other modified forms are
called free tontine, deferred dividend, etc.,
according to the nature of the tontine arrangement.
Meaning of Tontine insurance from wikipedia
- A tontine
(/ˈtɒntaɪn, -iːn, ˌtɒnˈtiːn/) is an investment linked
to a living person which provides
for as long as that person
is alive. Such...
- Pet insurance Retirement planning Return
life insurance Segregated funds
Term life insurance Tontine
- that by 1905, two-thirds of the life insurance
in the United States
was in the form of tontines
. Tontine insurance
was first developed
in the United
had previously invested
in an idea of Blodget's called
the Boston Tontine
, a sort of early annuity
fund that also acted
as a lottery
for the last...
that in the long term, the schools could
by a form of tontine insurance
the cost to educate children
who reached their
- banker. He is sometimes credited
with the invention
of the tontine
, a form of life insurance
it has also been suggested
that he simply
- law of torts
and contracts. It also comes
up in issues involving tontines
and insurance fraud
schemes. In real property
law and real estate, insurability...
- Ambition Plans Target benefit plans Collective Defined Contribution Schemes Tontine Pensions
(the original Longevity
risk sharing scheme invented
into mini-CDCs and to manage these groups
as a Tontine
Mail Pension Scheme Tontines Target Benefit
Turner, John Andrew
- He's done some harm as well". In June 2020, Ackman's Pershing Square Tontine
Holdings, Ltd, filed
for the largest-ever blank-check company...
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