![]() ![]() ![]() Instead of taking out an annuity, which in investing slang would mean you're "going long" your own longevity, a tontine makes you both "long" your own life and "short" the lives of others. As Guo writes, a "morbid principle. So a tontine, then, is not only a bet that you'll live for a while - meaning it makes sense to give someone a bunch of money in exchange for regular payments over a number of years in the future (which is what an annuity does for you, more or less) - but that other people will die before you do. ![]() This means you make money from the death of others. Tables rented by the hour/ only pay for as long as you play. Said another way, the annual $1,000 payment that was divided 10 ways will now be divided nine ways since one member of the pool died. entrance lower level below Burlington Coat. Now, if one of these people dies, instead of that person (or their heirs or whatever) getting their money back, your payment as a living member of the tontine goes up to $111 (roughly). Gold Crown Billiards is located in the NL Shopping Ctr. Say, for example, 10 people pay $1,000 into a tontine to each get an annual $100 payment in perpetuity after the age of 60. Account icon An icon in the shape of a person's head and shoulders. ![]()
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