Tontine — synonyms, definition

1. tontine (Noun)

1 synonym
tontine insurance
2 definitions

tontine (Noun) — A form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.

tontine (Noun) — An annuity scheme wherein participants share certain benefits and on the death of any participant his benefits are redistributed among the remaining participants; can run for a fixed period of time or until the death of all but one participant.

4 types of
annuity life assurance life insurance rente