When Did Whole Life Insurance Start?
0 POINTSContact Meview profileDavid RacichPROFountain Hills, ArizonaIn the mid-1800s a form of whole life that we’re familiar with was developed. The first life insurance policy was sold be Amicable Society for a Perpetual Assurance Office. Term life insurance preceded whole life as we know it in various forms of annual renewal term. Permanent whole life, not necessarily participating whole life began appearing with some of the first American mutual companies like the venerable New England Life in 1835.Answered on June 23, 2013+01+1 this answer
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