Definitions
There is 1 meaning of the phrase
Tontine Insurance.
Tontine Insurance - as a noun
A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
Synonyms (Exact Relations)
tontineExample Sentences
"Many people invested in tontine insurance as a means to secure their financial future."
"The concept of tontine insurance originated in Italy in the 17th century."
"The participants in tontine insurance would receive annuities based on the payouts of the collective investment."
"Some tontine insurance policies had unique provisions allowing the last surviving policyholder to receive the entire investment pot."
"Promoters of tontine insurance often advertised it as a way to provide for one's family after death."
