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>it's a statistical certainty that X% of the risk pool will die early, whereas with your own savings you can never be sure how long you'll have to make it last
by deadmetheny 9y ago
>it's a statistical certainty that X% of the risk pool will die early, whereas with your own savings you can never be sure how long you'll have to make it last
This is rather similar to a tontine, which have been considered highly unsavoury for a long time and are illegal to boot.
- cowsandmilk 9y ago> This is rather similar to a tontine, which have been considered highly unsavoury for a long time and are illegal to boot. Sure, they are similar in that a tontine is considered to be a type of annuity, but a typical annuity does not have the unsavory aspect that other members get more money if I die. If I murder a fellow member of a tontine, I get more money. In a normal annuity, I would get no benefit.