Tontines in Canada: Moving from theory to practice as a solution to our retirement crisis Sep 29th

Insurance policy getting you down? There are always sound insurance alternatives.
Latest News

Does driving school lower insurance for Canadian drivers? Nov 16th

When you’re a new driver, insurance companies view you as being at higher risk of accidents than someone who’s been on the road for several decades. The risk of collision is highest within the first year a driver is on the road, and it decreases as drivers gain more experience. As a result, new .... More »
 term life insurance

If my home is destroyed, will insurance cover its full replacement cost? Feb 20th

If you live in an area susceptible to flooding or other natural disasters, experts say, you should double-check that your insurance policy covers your home’s full replacement cost.... More »
 renter's insurance

Your FHSA timeline: What to invest in and when Nov 29th

Before you make an offer to buy your first home, you’ll have to determine your budget and save up enough money for a down payment (typically about 20% of the home’s value). That’s probably going to be a good chunk of change—Canada’s housing market is expensive, and if you put down less tha.... More »

What is a cashable GIC? + MORE Dec 23rd

Canadian investors have been struggling with high inflation for a couple of years now. In an attempt to cool inflation down, the Bank of Canada (BoC) continues to keep interest rates high. As a result, the interest rates available for guaranteed investment certificates (GICs) look to be pretty attra.... More »

Critical illness and disability insurance in Canada Sep 29th

When I bought my home and car, I also bought home and car insurance—it wasn’t even a question. (Plus, car insurance is mandatory in Canada.) If you own a home or a car, you probably also have insurance to protect your valuable asset. You might also be one of the 22 million Canadians who have lif.... More »
Tontines in Canada: Moving from theory to practice as a solution to our retirement crisisFor years in his academic papers and some of his 17 published books, famed Canadian finance professor Moshe Milevsky described the history and theory behind a seemingly obscure retirement/longevity insurance structure known as the “tontine.”

Milevsky, who works at the Schulich School of Business at York University, has now partnered with Canadian financial services firm Guardian Capital LP to bring his theories to life as a commercial proposition: One that may help millions of retiring baby boomers, and ultimately those who follow them, to overcome the anxiety of outliving their money. This guide will show you what tontines are, how they work and which tontines are available for Canadians. It can also help you research the best tontines for you and your situation. But, first…

What is a tontine?

Tontines can be compared to life annuities—or for that matter, defined benefit pension plans. A tontine works by pooling savings from multiple investors. Essentially, those who die earlier subsidize the lucky few who live longer…

Continue Reading On moneysense.ca »

Share

PinIt
Compare insurance quotes through Kanetix.ca - save time and money!