2007-03-05 08:42:50 · 3 answers · asked by CS 2 in Arts & Humanities ➔ History
Life insurance has been around for a very long time, for example. . . . . .
A tontine is an investment vehicle which combines features of a group annuity, group life insurance, and a lottery.
The scheme is named after Neapolitan banker Lorenzo de Tonti, who is generally credited with inventing it in France in 1653. Some sources claim that similar schemes already existed in Italy, but there is no dispute that the popularity of the form was due to Tonti.
2007-03-05 10:57:24 · answer #1 · answered by Randy 7 · 0⤊ 0⤋
Life insurance started way back in the 19th century as a business, but it existed in some form in ancient times.
2007-03-05 08:48:04 · answer #2 · answered by Sophist 7 · 1⤊ 0⤋
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2015-02-10 05:23:16 · answer #3 · answered by Lauretta 1 · 0⤊ 0⤋