tontine insurance


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Noun1.tontine insurance - a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
life assurance, life insurance - insurance paid to named beneficiaries when the insured person dies; "in England they call life insurance life assurance"
References in periodicals archive ?
Tontine insurance pays a cash benefit when you don't use it, as well as covering your medical expenses when you do.
WITH TONTINE INSURANCE, all early form of life insurance, time truly meant money.