Offer Lifetime Income plans within weeks
Our Tontines-as-a-Service platform enables you to offer your own lifetime income plans via a simple software integration.
Tontines as a Service
Our 'Powered by' solution is designed to quickly enable the following types of entities to offer lifetime income plans to their clients/members:
➡️ Banks & Credit Unions
➡️ Federal or State Chartered Trusts
➡️ Churches & related Organistions
➡️ Unions
➡️ Charities
How it Works
Our tontine platform integrates to your existing backend to enable your clients/members to open Lifetime Income TontineIRA™ through our mobile & web applications.
Depending on your preferred configuration, your clients/members cash and investments can continue to be held at and managed by your institution for an average duration of 20 years or you can simply delegate these fiduciary responsibilities to the Tontine Trustees.
Let our RoboActuary handle the calculations
On a nightly basis our RoboActuary monitors investment returns, interest rates and mortality rates to provide real time forecasts of future incomes for each client/member.
After running all of the payout calculations, our system will connect to the banking partner to initiate the monthly payout from the member's Tontine account to their regular bank account with any tax witheld automatically being relayed to the IRS.
Advantages for Banks & Trusts
Instead of entering into networking arrangements whereby the banks lose deposits in return for a share of an annuity commission, banks can now:
➡️ Retain the deposit for a decade or more at market CD rates.
➡️ Earn an ongoing fee share for managing the account assets.
➡️ Offer other banking products secured against this income stream.
© 2023 Tontine Trust Advisors LLC ('Tontine Trust'). All rights reserved.
Tontine Trust is a fintech enabling consumer-friendly lifetime income retirement products such as the state of the art TontineIRA™ via banks, chartered trust companies and credit unions (each a ‘Bank’).
Banking, trustee and fiduciary services in the US are provided by partner Banks which are regulated in the US to act as fiduciaries on behalf of US Tontine IRA™ accountholders (‘members’).
Tontine Trust provides and operates the TontineIRA™ administration and record-keeping platform on behalf of and under the supervision of the Banks.
Tontine Trust is not a Bank or a trust company and does not provide banking & fiduciary services other than certain administrative services in a ministerial capacity as the Trust Advisors to the Tontine IRA™s.
No information on this website or the platforms provided by Tontine Trust should be taken as constituting individual advice to you. The information is informational and of general guidance only. Tontine Trust does not provide investment management services, financial advice, banking or fiduciary services.
The choices you make or do not make around the investment of your retirement account are your own responsibility. Neither Tontine Trust nor the Banks can be held responsible for any financial loss arising from your retirement choices or lack of them.
The amounts and duration of the lifetime income from the Tontine IRA™ are indicative only. By design, neither the amounts nor the duration of retirement income payments from a tontine plan are fixed or guaranteed.
Based upon many years of research and development, the TontineIRA™ platform displays reasonable best estimates of what level of income you can expect to receive over the course of your lifetime. These estimates are constantly reviewed (sometimes nightly) to incorporate any effects on expected incomes caused by changes in interest rates, investment returns, life expectancy and/or the actual mortality experience of members sharing the same tontine.
The Banks we work with are required to manage US trust assets in accordance with the Uniform Prudent Investor Act.
To ensure maximum security of capital and income for members, the Tontine IRA™ assets will be invested by the Banks in a basket of FDIC insured deposits such that each up Tontine IRA™ account can obtain FDIC coverage up to approximately $10m of assets per member.
Note that while the deposits made on behalf of the Tontine IRA™s are FDIC insured, the IRA accounts themselves are not a deposit or other obligation of, or guaranteed by a Bank or state chartered trust company and are not directly insured by the FDIC. Therefore they should be considered as being subject to investment risks, including a possible loss on the principal amount invested, for example when a member passes away before they have received total income in excess of their original contribution to the TontineIRA™.