Low cost life insurance
Low cost life insurance the history of insurance isn’t going to get everyone’s pulse racing, but by skipping the dull bits and cramming everything into 600 words we hope that you’ll be pleasantly surprised. And who knows, you might even pick-up an extra point or two in the next pub quiz.
Low cost life insurance
Mankind has been devising ways to assess and eliminate risk since the dawn of time. Way back in the 3rd millennium BC Chinese river merchants were known to redistribute their most precious cargo among different boats before negotiating tricky rapids; thereby limiting overall loss if a single vessel capsized.
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Low cost life insurance years and King Hammurabi of Babylon decides to lay down the law. In fact, he lays down 282 laws by carving them Low cost life insurance into giant stone tablets. On the whole they make for fairly brutal reading and include the well-known edict ‘If a man put out the eye of another man, his eye shall be put out’. However, the Hammurabi Code does include state compensation for lost or stolen marine cargo, and is therefore often cited as the ‘insurance ’.
Low cost life insurance
book and you soon begin to wonder if there’s anything that the Greeks didn’t invent, and insurance is no exception. Low cost life insurance Athenian traders were charged variable interest rates depending on the perceived safety of the venture. Calm seas and clam neighbours meant favourable rates, while angry seas and angry neighbours made things expensive;Low cost life insurance
Low cost life insurance
insurance finally hit dry land. Funerals were big business in ancient Rome and they were taken very seriously indeed. Of course pomp and ceremony doesn’t come cheap and citizens banded together to form ‘burial clubs’. Pooled funds were used to pay funeral expenses and help provide family support, thereby easing the passage of the deceased into the Low cost life insurance
Low cost life insurance
nsurance (Low cost life insurance) had begun to spread across Europe, and it really took root in the medieval guilds. Apprentices were paid next to nothing while learning their craft on the understanding that they would one day become a master craftsman. In turn the masters paid funds in to collective coffers that could be dipped into if disaster struck. So if a workshop burned to the ground, or an apprentice was disabled, they were financially Low cost life insurance
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