When Was The First Whole Life Insurance Policy Issued?

  1. 225 POINTS
    Kyle Monahan
    Independent Agent, Monahan Insurance, Orlando, FL
    To the best of my knowledge, formal life insurance started in the early 1700's.   It was around this time that the first policy would have been issued.  In the mid 1700's, the world's oldest mutual insurer began issuing policies.  If you want to read more about the early history of this, do a search for "The Equitable Life Assurance Society".  It's a very interesting read.
    Answered on July 25, 2014
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  2. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    According to Wikipedia, the first company to issue a life insurance policy was The Amicable Society for a Perpetual Assurance Office, which was founded in London in 1706 by William Talbot and Sir Thomas Allen. Members paid for shares, and at the end of the year the money was split between the widows and orphans of the members who had passed away.
    Answered on August 4, 2014
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