Living into old age can pay off for all sorts of reasons. But for those who buy into a tontine, longevity holds a particularly macabre appeal. As per the rules of the once-popular scheme, investors see their profits rise as other investors die off, leaving the deceased’s payouts to be distributed among the shrunken group. Readers of old-school crime fiction will be familiar with the potential danger posed to subscribers: murder at the hands of...
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