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Full Tontine

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

Tontine insurance \Ton*tine" in*su"rance\ (Life Insurance) Insurance in which the benefits of the insurance are distributed upon the tontine principle. Under the old, or

{full tontine}, plan, all benefits were forfeited on lapsed policies, on the policies of those who died within the tontine period only the face of the policy was paid without any share of the surplus, and the survivor at the end of the tontine period received the entire surplus. This plan of tontine insurance has been replaced in the United States by the

{semitontine} plan, in which the surplus is divided among the holders of policies in force at the termination of the tontine period, but the reverse for the paid-up value is paid on lapsed policies, and on the policies of those that have died the face is paid. Other modified forms are called {free tontine}, {deferred dividend}, etc., according to the nature of the tontine arrangement. [Webster 1913 Suppl.]

GOOD BAD SERIOUS CRITICAL NEUTRAL

Definitions retrieved from the Open Source DICT English and WordNet 3.0 dictionaries. Click here for database copyright information.

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PHILOSOPHY - VALUES - A SECULAR CONSTITUTION - FIRST PRINCIPLES - ETHICS - MORALS - GOALS - UNIVERSAL HUMAN RIGHTS - GOOD HEALTH, LIBERTY AND JUSTICE FOR ALL CITIZENS EVERYWHERE ON EARTH - 1. Caduceus - GOOD HEALTH - Messenger of the gods - COMPASSION - MERCY - BENEVOLENCE - BE HUMANE - BE KIND - BE GENTLE - DO NO HARM - DO NOT HATE - DO NOT FEAR - FEAR NOT - BE NOT AFRAID - CAUSE NO PAIN - BE AS PAINLESS AS POSSIBLE - CAUSE NO FEAR - DO NOT BE SCARY - DO NOT PUNISH - DO NOT MAKE THREATS - DO NOT BE COERCIVE - BE PERMISSIVE - BE TOLERANT - USE BIRTH CONTROL - PERMIT DIVORCE - EMPATHY IS CRITICAL - RESPECT FOR THE DIGNITY OF ALL HUMAN BEINGS IS CRITICAL - FREE UNIVERSAL HEALTH CARE - FREE UNIVERSAL EDUCATION - UNIVERSAL HOME OWNERSHIP 2. Golden Key - LIBERTY (SECURITY PRIVACY SAFETY) FREE WILL - TOTAL FREEDOM OF SPEECH - TOTAL FREEDOM OF THE PRESS - UNIVERSAL SPENDING AUTHORITY - PRIVATE PROPERTY - FREE LAND - THERE IS NO GOVERNMENT - A GUARANTEED LIFETIME INCOME - NOW YOU OWN YOUR HOME AND LAND - NOW YOU HAVE A GUARANTEED LIFETIME INCOME - YOU ARE SAFE AND SECURE 3. Golden Scales of JUSTICE (TRUTH FACTS EVIDENCE PROOF) EQUALITY FAIRNESS PLURALISM OPENNESS TRANSPARENCY - RESPECT THE ECOSYSTEM - BE A CRITICAL THINKER - THINK FOR YOURSELF - QUESTION AUTHORITY - ALWAYS SPEAK TRUTH TO POWER

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