Retirement Tontines: Using a Classical Finance Mechanism as an Alternative Source of Retirement Income

Iwry, J. Mark; Haldeman, Claire; Gale, William G.; John, David

doi:10.2139/ssrn.3728262

Cited by 23 publications

(1 citation statement)

References 21 publications

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“…Тонтине нуди атрактивну алтернативу у односу на класични пензиони систем или класичне фондове у овој области. 36 Тонтине се може посматрати и као инвестициона шема кроз коју чланови извлаче дефинисани облик профита или користи док су живи, али вредност сваког удела припада другим учесницима, а не наследницима самих чланова након њихове смрти. Тонтине се доводе до краја постојања расподелом имовине тонтина преживелим члановима када се испуни услов везан за тачно одређени број.…”

Section: место тонтине осигурања на тржишту осигурањаunclassified

Basic characteristics of tontine insurance

Čolović¹

2021

Pravo i privreda

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Tontine insurance is tied to life insurance. This type of insurance is also a type of mutual insurance. However, we must look at tontines separately, having in mind its origin and goal. Tontine insurance originated in the 17th century and was developed in England and the United States, until the beginning of the 20th century, when it became banned. Tontine insurance at an early stage contained elements of group annuity insurance, group life insurance and lottery. Today, tontine insurance is a type of fund within which policyholders, i.e., members, agree to jointly capitalize, i.e., finance their contributions to the fund and to divide the capitalized assets between those policyholders who reach a certain age and the heirs of the deceased insured. The Act on Insurance of the Republic of Serbia also regulates tontine insurance. The author pays attention to the provisions of EU law in this area.

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Section: место тонтине осигурања на тржишту осигурањаunclassified