The Origins of Life Insurance

Ever wonder about the first people to have life insurance? Click to read more about the history of life insurance.

19 October 2020

Life Insurance, Past & Present

For hundreds of years, life insurance has been seen as a way for people to set up protection for loved ones in case of death. While the basic concept of insurance dates back to 100 B.C. in Rome, the idea was developed in the late 1680s at Edward Lloyd’s Coffee House in London, where maritime news was discussed and the first insurance company was established.

Almost a century later, life insurance was offered to Presbyterian ministers in the U.S. in 1759. To this day, around 23.7 million protection policies and 442,000 collection life policies are in place in the UK alone.

While insurance has changed over the last few hundred years, one thing remains the same: life insurance is the right way to financially protect the ones you love. When you want to tap into a service that will set aside support for your family in case the worst happens to you, turn to J Edward Sellars.

Based in Clevedon, Somerset, our team provides life insurance as well as the financial advice and investment advice needed to help you manage your money in the wisest way possible. We believe in helping you take control of your finances, investments, and pensions and then making sure that wealth is passed on to future generations. Our services are not just for today but for tomorrow, and life insurance is a key part of passing on your legacy to your loved ones.

Whenever you require financial planning and information on life insurance, J Edward Sellars is ready to help. Contact us today to schedule a consultation and discuss your wealth management and life insurance needs. We would be happy to go over your needs and use the latest information in the investment and financial planning world to make sure you have industry-leading services and solutions tailored just for you.

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