Tontine

  • In his opinion the present trend toward these old tontine-like form of dividends is unfortunate and damaging to the business of life insurance and will end in restrictive measures by the government authorities.

--  Arthur Pedoe

1951 - SOA - General Session, Society of Actuaries - 15p

  • Tom Foley (FL) said this sounded very much like a tontine policy to him, but those had been outlawed.
    • [Bonk: re: Persistency Bonuses in Illustrations]

1994-3, NAIC Proc. - Life Disclosure Working Group of the Life Insurance (A) Committee - August 21-23,1994

  • 1987 - AP - Tontine Insurance and the Armstrong Investigation: A Case of Stifled Innovation in the American Life Insurance Industry, 1868-1905, by Roger L. Ransom and Richard Sutch - 37p
  • washingtonpost.com/news/wonk/wp/2015/09/28/this-sleazy-and-totally-illegal-savings-scheme-may-be-the-future-of-retirement/   
    • It’s sleazy, it’s totally illegal, and yet it could become the future of retirement.
    • “This might be the iPhone of retirement products,” says Moshe Milevsky, an associate professor of finance at York University in Toronto who has become one of the tontine’s most outspoken boosters.
    • Milevsky, who recently published a history of the tontine, emphasizes that it was not originally envisioned as a retirement scheme.
      • 2017 - Book - King William's Tontine, by Moshe A. Milevsky 
  • 2014 - SOA - OPTIMAL RETIREMENT TONTINES FOR THE 21ST CENTURY: WITH REFERENCE TO MORTALITY DERIVATIVES IN 1693, by MOSHE A. MILEVSKY AND THOMAS S. SALISBURY, Society of Actuaries, Presented at the Living to 100 Symposium - 35p
  • 2023 - CATO - Where Are the Retirement Tontines? The guarantees provided by insured annuities are expensive, By Larry Pollack - [link]