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Definitions from WordNet

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Tontine Insurance

Tontine insurance refers to a form of life insurance in which policyholders contribute to a common fund, with the surviving policyholders at a certain age receiving the accumulated payout. This type of insurance typically provides financial protection and long-term investment benefits.

Examples:

1. Noun - Type of Insurance: Tontine insurance is a unique insurance contract that combines elements of both protection and investment.
2. Noun - Investment Scheme: Tontine insurance can be seen as an investment scheme where the accumulated funds are distributed among the surviving policyholders at a specific age.
3. Noun - Historical Perspective: Tontine insurance originated in the 17th century and gained popularity in Europe as a way to provide retirement income.
4. Related Verb - Participating: Many individuals choose to participate in tontine insurance to secure their future financial stability.
5. Related Adjective - Tontinized: The tontinized policyholders eagerly awaited the distribution of funds at the specified age.

Related Products:

To explore further about tontine insurance, you can check out these related products on Amazon:

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