Nicholas Pension Consultants
Nova 401(k) Associates
Compensation Strategies Group, Ltd.
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|It's Sleazy and Totally Illegal, Yet It Could Become the Future of Retirement|
The Washington Post; subscription may be required
Sept. 29, 2015
"At their peak, around the turn of the century, tontines represented nearly two-thirds of the American insurance market, holding about 7.5 percent of national wealth. It's estimated that by 1905, there were 9 million tontine policies active in a nation of only 18 million households.... To this day, tontines remain outlawed, and their name is synonymous with greed and corruption.... Now, a growing chorus of economists and lawyers is wondering if the world wasn't too hasty in turning its back on tontines. These financial arrangements, they say, have aspects that make a lot of sense despite their history of disrepute."
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