Tontine

Definition and stakes

Burton J. Hendrick,  The Story of Life Insurance — Chapter IV, The Great Tontine Gamble

“ Appealing to the "Tontine Tendencies" of Men We must thank William Barnes for one telling phrase, which, in itself, sufficiently explains the Equitable's success. Hyde had "collected the Tontine tendencies of men." He had appealed, that is, to their gambling instinct. Into every hamlet went his agents with their "blue books," selling not primarily family protection but possible prizes in a great insurance lottery. They always tellingly appealed to the individual man. "Take a Tontine policy," they said. ”
Source: Wikisource

Burton J. Hendrick,  The Story of Life Insurance — Chapter V, The Thirty Years' War

“ In such a wager as this, the most needy, whom life-insurance is especially designed to protect, are pretty sure to be the losers. Besides, the large accumulations which Tontine insurance gathers in the hands of a company, at the expense of those who die, or are unable to maintain their policies during the Tontine period, offer a strong temptation to wasteful expenditure, which, if indulged, must sooner or later bring disappointment even to the survivors of those who play at Tontine hazard. ”
Source: Wikisource

Portrait of Kate Chopin Kate Chopin,  Bayou Folk

“ Tontine did not protest; only clasped the baby a little closer, which encouraged him to proceed.
"You been grind that girl too much. She ent a bad girl—I been watch her close, 'count of the chil'ren; she ent bad. All she want, it's li'le mo' rope. You can't drive a ox with the same gearin' you drive a mule. You got to learn that, Tontine."
”
Source: Gutenberg

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