Fatih Buğra ERDEM / Can Tontines Become Fashionable Again?

Abstract

Tontine insurance, one of the oldest and abstruse but upwardly-mobile types of life insurance, was doomed to be forgotten in the past but its value is currently re-appreciated by insurers. This study, accordingly, is to examine whether tontines can become fashionable again by considering current problems of Turkish insurance law. By doing this, due to the lack of legal arguments and case law in Turkey, comparative methodology was adopted, such as investigating France, where the most modern and common version of the use of tontine is found. Also, cases from AngloSaxon law systems were argued to demonstrate the legal nature of tontines. The study reaches a conclusion that the tontine is a very convenient form of insurance in today’s condition.

Keywords

Tontine, Turkish Insurance Law, Life Insurance

JEL Classification

K00, I13, G2.

How to cite this article: Erdem, F. B. (2021). Can Tontines Become Fashionable Again? - Turkish Practice. International Journal of Insurance and Finance, 1(2), 13-20. https://doi.org/10.52898/ijif.2021.7