tontine insurance

/ˌtɑnˈtin ɪnˌʃʊrəns/
IPA guide

Definitions of tontine insurance
  1. noun
    a form of life insurance whereby on the death or default of a participant his share is distributed to the remaining members
    synonyms: tontine
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    type of:
    life assurance, life insurance
    insurance paid to named beneficiaries when the insured person dies
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