semitontine Antonyms
No Synonyms and anytonyms found
Meaning of semitontine
Webster
semitontine (a.)
Lit., half-tontine; -- used to designate a form of tontine life insurance. See Tontine insurance.
semitontine Sentence Examples
- The semitontine policyholder agreed to contribute annual premiums to a fund that would be paid out upon the death of all the policyholders.
- The semitontine policy was a popular financial instrument during the 18th and 19th centuries.
- The semitontine system relied on the principle of mutual benefit, with the payouts to survivors increasing as the number of policyholders decreased.
- The semitontine concept has been criticized for its reliance on the mortality of others for financial gain.
- The semitontine system evolved into more modern forms of life insurance, which provide benefits based on the probability of death and not on the deaths of specific individuals.
- The semitontine principle has been applied to various financial instruments, including annuities and pension plans.
- The semitontine approach can offer potential benefits, such as higher payouts for survivors and reduced investment risk.
- However, semitontine arrangements also carry potential drawbacks, including limited liquidity and the need for a large number of participants.
- The semitontine model has been superseded by modern actuarial principles in the insurance industry.
- The historical significance of the semitontine system lies in its role as a precursor to modern life insurance and financial planning.
FAQs About the word semitontine
Lit., half-tontine; -- used to designate a form of tontine life insurance. See Tontine insurance.
No synonyms found.
No antonyms found.
The semitontine policyholder agreed to contribute annual premiums to a fund that would be paid out upon the death of all the policyholders.
The semitontine policy was a popular financial instrument during the 18th and 19th centuries.
The semitontine system relied on the principle of mutual benefit, with the payouts to survivors increasing as the number of policyholders decreased.
The semitontine concept has been criticized for its reliance on the mortality of others for financial gain.
