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Works of fiction (see In popular culture below) often feature a variant model of the tontine in which the capital devolves upon the last surviving nominee, thereby dissolving the trust and potentially making the survivor very wealthy. īecause younger nominees clearly had a longer life expectancy, the 17th- and 18th-century tontines were normally divided into several "classes" by age (typically in bands of 5, 7 or 10 years): each class effectively formed a separate tontine, with the shares of deceased members devolving to fellow-nominees within the same class. In most 18th- and 19th-century schemes, parties 2 to 4 were the same individuals but in a significant minority of schemes each initial subscriber–shareholder was permitted to invest in the name of another party (generally one of his or her own children), who would inherit that share on the subscriber's death. the nominees on whose lives the contracts are contingent.the shareholders who receive the annual interest.
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the subscribers who provide the capital.
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