4 ms·
> 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 to
by 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.