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January 10, 2013

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dsquared

This was popular enough in eighteenth century London to have been specifically banned in the Life Insurance Act 1774.

ajay

In its individual form. In its collective form, of course, it's still a thing - longevity derivatives, often on quite small pools (all the male pensioners from a single company, for example).

gastro george

Not quite the same thing, but my grandad used to pay into the tontine every week.

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