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Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

August 22, 2017
PrintedOwl.com
A tontine policy is a form of dividend-deferred insurance policy that came into use after the Civil War. It was a high premium contract that paid dividends to those participants who were still living at the end of a stated period, at the expense of those who had died or let their policies lapse. Tontines went out of favor by the turn of the century.
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