What’s with tontines, the odd annuities in which you benefit when others die?

This guy Dave — he doesn’t have an odd gleam in his eye, does he? Tontines (pronounced TON-teens) are strange, but not as strange as he makes out. You don’t have to wait until only one guy (presumably Dave) remains alive before they start paying off. On the contrary, they start paying off right away … Continue reading What’s with tontines, the odd annuities in which you benefit when others die?