Life insurance is an agreement between the insurance policyholder and the insurance company, in which the insurer has promised to pay after the death of the person participating in the insurance.
The policyholder usually pays a sum of money each month. Other expenses, such as funeral expenses, can also be included in the count.
Insurance claims usually will not come out if the owner dies in riots, and civil strife.
History
It started in 1706, the first life insurance company in the world.
The earliest form of life insurance dates back to ancient Rome. They cover the expenses of members' funeral expenses and help victims financially.
The first company to have life insurance was founded in London in 1706 by William Talbot and Sir Thomas Allen.
Each member is required to make an annual payment.
It was made up of 2000 members. Life insurance in the US began in 1760.
It was first written by Edmund Halley in 1693, but the statistical tools necessary for the development of life insurance were only discovered in 1750.
The policyholder usually pays a sum of money each month. Other expenses, such as funeral expenses, can also be included in the count.
Insurance claims usually will not come out if the owner dies in riots, and civil strife.
History
It started in 1706, the first life insurance company in the world.
The earliest form of life insurance dates back to ancient Rome. They cover the expenses of members' funeral expenses and help victims financially.
The first company to have life insurance was founded in London in 1706 by William Talbot and Sir Thomas Allen.
Each member is required to make an annual payment.
It was made up of 2000 members. Life insurance in the US began in 1760.
It was first written by Edmund Halley in 1693, but the statistical tools necessary for the development of life insurance were only discovered in 1750.