A Tontine is a 366 year old lifetime income product which was so popular that it dominated the US insurance industry & increased the savings rate so effectively that over 50% of all households saved into a Tontine Pension.
In 1906, new US regulations severely restricted the profitability of these blockbuster products, removing the incentives for insurance companies to continue offering them, even on a low cost basis.
Fast forward to 2020 where 80% of the money in the world belongs
to people over 60 and their greatest fears in retirement are that:
#1: With advances in human longevity, they will now live so long
that they will run out of money, &
#2: That if & when long term care is needed, they will not have
a long term income stream to be able to continue paying for it.
For these reasons, 84% of savers are interested in lifetime income
products which offer longevity protection however existing products
are so hated that only 1 in 6 savers purchases a solution leaving
5 out of 6 savers unprotected & trillions of dollars of unsatisfied
demand each year.
Since 2017, we have been preparing to launch a patent pending fintech platform which will offer low cost modern lifetime income products based upon the popular Tontine Pension model & with the monthly payouts benefitting from Nobel Prize Winning Research.