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How to Create 'Survivor Funds'
Jonathan Barry Forman and Michael J. Sabin in Pace Law Review 
Mar. 31, 2017 "This Article explains how to create 'survivor funds' -- short-term investment funds that would pay more to those investors who live until the end of the fund's term than to those who die before then. For example ... a survivor fund would invest in [a] ten-year bond but divide the proceeds only among those who survived the full ten years.... Survivor funds would work like short-term tontines." MORE >> |
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