tontine insurance การใช้

Tontines became associated with life insurance in the United States in 1868 when Henry Baldwin Hyde of the Australian Mutual Provident Society criticised tontine insurance, calling it " an immoral contract " which " put a premium on murder ".
The early Victorian period was marked by high child mortality rates, and Vantini expected that in the long term, the schools could be funded by a form of tontine insurance scheme, whereby the cost to educate children who reached their teenage years was offset by those who had died in infancy.