Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,588,753 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Last Survivor Annuity
(redirected from Tontine Annuities)

     0.01 sec.
Last Survivor Annuity
An annuity between two or more persons in which benefits increase for surviving members as the annuitants die. For example, if there are two persons in a last survivor annuity, each receiving $500 per month, and one of them dies, the remaining annuitant receives $1,000 per month. Payments stop after the last annuitant finally passes away. A last survivor annuity is also called a tontine annuity.
Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link 		Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
This plan is not necessarily optimal within a classical life-cycle model with no bequest motives--in which continuously renegotiated tontine annuities are available--as originally demonstrated by Yaari (1965) and recently extended by Davidoff, Brown, and Diamond (2003).
The implied longevity yield: a note on developing an index for life ... by Milevsky, Moshe A. / Journal of Risk and Insurance
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.