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Back in the 17th century, a Neapolitan banker named Lorenzo de Tonti created a living investment system aptly named a tontine. For each tontine, a group of premium-paying subscribers would receive an occasional payout from the aggregated pool of money throughout their life—the only requirement was that they had remain alive to receive it. When a participant died, the rest of the investors would absorb the deceased’s entitlement, which would naturally increase their own payout.