(Download ebook) King William's Tontine: Why the Retirement Annuity of the Future Should Resemble its Past (Cambridge Studies in Comparative Politics (Hardcover))
||0 of 0 people found the following review helpful.| Tontines|By John P. Kyle|I found the subject matter of King William's Tontine. Tontines essentially offer investors a return without a residual, and since Tontine owners obtain a return on their investment until their death, it can hold attraction until he dies. Of course, Tontines would have meager liquidity. Illegal in the United States because of abuses about a century a||"King William's Tontine entertains and, by asking why retirees should not be paid handsomely for bearing a little actuarial risk, informs our response to the looming retirement crisis in a way that no other book does. It should be read - with pleasure - by an
In a time before bonds, treasury notes, or central banks, there were tontines. These were schemes in which a group of investors lent money to a government, corporation, or king, similar to a modern-day loan syndicate. But unlike conventional debt, periodic interest payments were distributed only to survivors. As tontine nominees died, the income of survivors correspondingly increased. Morbid, perhaps, but this was one of the earliest forms of longevity insurance in whic...
[PDF.uo11] King William's Tontine: Why the Retirement Annuity of the Future Should Resemble its Past (Cambridge Studies in Comparative Politics (Hardcover)) Rating: 3.59 (715 Votes)
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