Medical savings account as a funding mechanism for health
Medical savings account as a funding mechanism for health

Summary/Abstract: Insurance, as a financial domain, assumes a transfer of risk between dates or situations. In life insurance, a policy owner agrees to regularly contribute with a pre-defined share, receiving at the same time a guarantee of a stipulated amount of money in case of death, or serious or terminal illness. Indeed, uncertainty and unpredictability has always been a part of human life. A specific and continuously controversial form of life insurance is a tontine. Its initial success and further abolition is the reason why its proper name is associated with immoral practice of profiting from others’ misfortune. The aim of this paper is to present an institution of a tontine as an insurance instrument and, while considering its genesis, discuss its practical application.

• Details
• Contents