The Straight Dope
My friend Dave is trying to organize a tontine. He says it’s very simple. We each put an equal sum of money into an investment pool. Whoever outlives everybody else gets the money plus the accumulated earnings. What a strange concept! Put up your money, then hope for the ultimate misfortune to visit the other members of the group. I’m fascinated by the idea of it. What other chance do you have to gain from the deaths of your friends and acquaintances?...