# Tontine also life annuity company (tontine)

- Canonical URL: https://www.gerhardmerk.de/tontine-also-life-annuity-company-tontine
- Post ID: 593526
- Modified: 2023-07-25T21:13:08+00:00
- Language: en

## Definition

In a group of investors (tontiniers; tontiners) - each pays a one-time sum into an account. - The money collected, usually invested in high-yield government bonds, is paid out to the surviving participants (beneficiaries) after a contractually fixed period of time with interest and compound interest. - The share of those who have died up to that point goes to the survivors (upon the death of each beneficiary his share is enjoyed by the survivors). - The last or, depending on the contract, the last of the investors finally receive the entire accumulated capital. - This form of retirement provision through mutual inheritance probably goes back to the Italian Lorenzo Tonti (1602-1684?). It was very popular in the past and is regarded in specialist literature as the forerunner of today's life insurance. - See pension funds, insurance. - Cf. Financial Stability Report 2011, p. 64 (in note 6, definition of tontine insurance). Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1