Our Tontines-as-a-Service platform enables you to offer your own lifetime income plans via a simple software integration.
Tontines as a Service
Our ‘Powered by’ solution is designed to quickly enable the following types of entities to offer lifetime income plans to their clients/members:
Banks & Credit Unions
Federal or State Chartered Trusts
Churches & related Organistions
Unions
Charities
How it Works
Our tontine platform integrates to your existing backend to enable your clients/members to open Lifetime Income TontineIRA™ through our mobile & web applications.
Depending on your preferred configuration, your clients/members cash and investments can continue to be held at and managed by your institution for an average duration of 20 years or you can simply delegate these fiduciary responsibilities to the Tontine Trustees.
Let our RoboActuary handle the calculations
On a nightly basis our RoboActuary monitors investment returns, interest rates and mortality rates to provide real time forecasts of future incomes for each client/member.
After running all of the payout calculations, our system will connect to the banking partner to initiate the monthly payout from the member’s Tontine account to their regular bank account with any tax witheld automatically being relayed to the IRS.
Advantages for Banks & Trusts
Instead of entering into networking arrangements whereby the banks lose deposits in return for a share of an annuity commission, banks can now:
Retain the deposit for a decade or more at market CD rates.
Earn an ongoing fee share for managing the account assets.
Offer other banking products secured against this income stream.
