Life insurance: where did it all begin?

Protecting your family with a life insurance policy is commonplace in the 21st century. But where did the concept come from?

The earliest example of life insurance dates back to Roman times, when a military leader named Caius Marcus formed a ‘burial club’ with his soldiers to fund the cost of a dignified funeral.

Fast forward to the 1700s and life insurance was restricted largely to the wealthy elite. However, it was also used for gambling! Taking out a policy on the life of a famous person (which was legal at the time) became one of the most popular ways to gamble until the Gambling Act of 1774.

Nowadays, life insurance is no longer just for the wealthiest in society, but for anyone seeking to protect their family.

As with all insurance policies, conditions and exclusions will apply

Are you seeking to protect your family?

We Can Help!

For more information or help with your mortgage please call us on 01483592743 or 07834173731 Alternatively please send us an email at info@themortgagechoice.co.uk

Photo by Jimmy Dean on Unsplash

The Mortgage Choice is an appointed representative of Stonebridge Mortgage Solutions Ltd and can source the most appropriate cover from its panel of insurers with a free review of you overall protection and insurance needs. As with all insurance policies, conditions and exclusions will apply.