Daily Mail 23Rd Jan

[denby04]

28 across: Insurance scheme with clan could be continental (7) T?N?I?E

[Oldred]

tontine

[whitehill]

Sorry, could anyone explain this please?

[Captain2]

Take 'Clan' out of 'Continental'

[Captain2]

ton·tine (tntn, tn-tn)
n.
1. An investment plan in which participants buy shares in a common fund and receive an annuity that increases every time a participant dies, with the entire fund going to the final survivor or to those who survive after a specified time.
2. Each member's share of a tontine.
3. The subscribers to a tontine.

[mazie]

I think the clue should read "without CLAN" Therefore continental minus CLAN = TONTINE (scheme which is the definition)

[decmangan]

A tontine is a group of people putting a sum of money into a kitty. The last surviving member scoops the lot.

[Captain2]

No Maizie

Tontine (insurance scheme) with clan = (could be) continental

[mazie]

Thanks captain..

[Ken4155]

This is a for of life insurance whereby on the death or default of a participant his share is distributed to the remaining members.

[mazie]

got it the wrong way round :o(

[boxtops]

I've heard of a tontine - there are pubs called the Tontine - but I never knew what it meant. Thanks, guys!

[Captain2]

Really Boxtops? I altered nearly 1000 pubs in a previous life but never came across that name. (Off to look it up!)

[Captain2]

Well. I'll go to the foot of our stairs!

[whitehill]

Thank you all - I looked up tontine in the dictionary and understood that bit, but couldn't work out where "clan" came into it, now I see it. Thanks again.