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The History of Life Insurance
Posted on Tuesday, September 13, 2011 by mefena
History of Life Insurance is not a hard one to understand. Today, life insurance is simply a contract between the individual and dictated by the insurance company that the company paid to policy holders if the insured dies. But where is the idea that are secured to the death come from? Who were the first people to implement this idea? What to do when the amounts of money were not as high as those companies in the life insurance industry today? When the actual life insurance industry started? All of these are pretty interesting questions and the fact is that some of them can not respond to a high degree;. But we know a lot about the history of this wonderful thing that encompasses people from all over the world
the first few characters in the history of life insurance
Historians looking for the real beginning of life insurance as we know, but they were first deciphered the baby steps that ultimately ended in the actual death benefit payments. According to Financial Shopper Network in ancient China sailors to prevent pirates from stealing all your goods to other parts of ships carrying cargo, so if a pirate stole a cargo ship, the entire burden should not izgubila.Malo later in Babylon, retailers simply made loans that should have been repaid when the content of trade was delivered safely.
So what does this have to do with life insurance? Well, these civilizations were preventing the loss of everything. They were doing a little child steps that will help in the long run. Life Insurance as we know, however, began in Rimu.Ljudi this highly advanced civilization decided to form what they called a "burial clubs". These centers are designed with the sole aim, in the case of unexpected death of a member of the club, all others will be willing to pay for their funeral expenses and help the surviving family with little money. Term life insurance as they knew ended dramatically in the year 450 AD when the Roman Empire fell and the practice was abandoned for a long time. It is also important to note that many historians agree that around the same time in Rome, the Indian Empire and its citizens also formed a "burial clubs" to help pay for funerals and help people with troškovima.Trag and according to Financial Shopper Network is to "yogakshema, the name of the Indian Life Insurance Corporation Headquarters" refers to the Vedas.
Britain and it is a step in the history of life insurance
Modern life insurance, however, did not begin until the British decided to try and make it work. The practice of life insurance was linked to the entire continent of Europe except for England and it was the British who started the most respected life insurance companies is well known that European countries today. It was the middle of the 17th century on the streets of London, England, a group of people met together Lloyd cafe and decided to get life insurance with idejama.Kava house is well-known place for traders, ship owners and traders and therefore it would be an ideal place to discuss life insurance, knowing that most of these people had no money.
life insurance history in the United States
with the British, knowing the basics of life insurance contracts and things that would help people such as life insurance industry, they decided to give it a try in the United States. After talking about how they will decide on the coming of the first life insurance company, they decided to base it on the famous British model at the time. The first life insurance company in American soil was established in the southern colonies of Charleston, South Carolina in the year of 1735th
About 20 years later, the colony saw that it was a good idea, so that the Presbyterian Synod of Philadelphia decided to sponsor the first life insurance corporation in the U.S., who wrote his first policy year 1761.Loše of life insurance in this time is that many religious groups are opposed because it would be like predicting your own death and religious fervor in the North American colonies at the time, proved to be quite a challenge to the whole thing started.
Real-life insurance industry as we know it really took off in the year 1840, as one religious group settled down and did not interfere with government affairs more. Another major reason that life insurance companies has been shown to New York and Chicago Fire in which he killed a whole bunch of people in each of the two cities. After that, more and more life insurance companies started to come around, and 1900 business really grew. People wanted to be protected in the event of accidental death.
1900-proved to be a period of growth for the life insurance industry. The two went to war and many people decided to insure themselves for the establishment of a secure financial future for their families. He also said that after the attack on this country more people are buying a life insurance policy. Nobody can deny that it is simply because after Pearl Harbor to a bunch of people panicked and decided to open up politics in fear for their živote.Isto goes after the turn of the century, when attacks on the World Trade Center is the place. People decided they did not have the protection is not worth that small premium each month is better than leaving their families in an economic burden.
life insurance today
As you can see it moved a lot since he first started in Rome and India. Large corporations with large global interaction and power on the surface. Companies that have a lot to say in the economic and political world came to exist. As you can see on the market right now is in a boom and there are many life insurance companies come to life. Who knows what will happen in the future, but now users should be happy with their capabilities and thousands of companies to choose from!
Category Article history life insurance, history of life insurance, history of life insurance policy
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