Actually, they are perfectly legal: Regulated in Europe under Directive 2002/83/EC of the European Parliament: http://eur-lex.europa.eu/legal-content/en/ALL/?u

Actually, they are perfectly legal: Regulated in Europe under Directive 2002/83/EC of the European Parliament: http://eur-lex.europa.eu/legal-content/en/ALL/?uri=CELEX:32002L0083 http://eur-lex.europa.eu/legal-content/en/ALL/?uri=CELEX:320... Still common in France https://www.conservateur.fr/nos-produits/tontine/ https://www.conservateur.fr/nos-produits/tontine/ and http://www.telegraph.co.uk/finance/property/international/3363847/Property-in-France-Keep-it-in-la-famille-now-and-for-ever.html http://www.telegraph.co.uk/finance/property/international/33... In US: According to the Penn La Review in 2015 “..there are no legal obstacles to issuing correctly structured tontines (in the US)” We can give examples for numerous other countries.