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48 points geox | 2 comments | 21 Apr 25 14:10 UTC | HN request time: 0.001s | source

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csense ◴[21 Apr 25 14:56 UTC] No.43752696[source]▶

>>43752206 (OP) #

With regular life insurance, you bet you'll die.

With a tontine, you bet you'll live.

The latter seems much more sensible to me.

replies(4): >>43752938 #>>43753476 #>>43754845 #>>43759683 #

rundmc ◴[21 Apr 25 15:18 UTC] No.43752938[source]▶

>>43752696 #

As the founder of the first Tontine company in over 100 years, I cannot agree more.

replies(1): >>43752992 #

1. Biganon ◴[21 Apr 25 15:23 UTC] No.43752992[source]▶

>>43752938 #

Surely you mean the first tontine out of Africa ?...

replies(1): >>43753154 #

2. rundmc ◴[21 Apr 25 15:37 UTC] No.43753154[source]▶

>>43752992 (TP) #

Good point. I mean retirement tontines and tontine trust funds that pay members an income for life secured against hard assets rather than ROSCA tontines which are community savings vehicles designed for short term borrowing between members.

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