Business Life Insurance

Business and Corporate Life Insurance

History Of Insurance

Summary Article By Sharon Taylor

Various forms of life insurance can serve as a means of indemnification or protection against loss through death of employees and other valuable officials within a business. In other words, corporate and business life insurance are becoming popular concepts as more and more high profile companies accept the effectiveness of no medical life insurance and other forms of life insurance as a valuable form of asset protection.

Business and corporate no medical term life insurance policies are gaining rapidly in popularity as more companies realize how truly vital it is that they protect their greatest assets: their people. Successful businesses require heavily upon the personal equation in order to see success.

Human life can easily be considered to be a most vital and indispensable asset to the successful operation of a business. Corporations and firms will then be interested in protecting their most important officers using the protection afforded by business and corporate no medical term life insurance plans. Because the death of a human asset such as this can lead to the loss of other assets, in lost sales, lost trade secrets or vital information, protecting this human life is just as absolutely vital as protecting any other asset that the company may hold.

Acquiring the proper business or corporate life insurance is the best way to create this protection - And one such option is no medical life insurance, which allows human assets to be insured in business settings without requiring that they obtain medical clearance beforehand.

Ordinary Business Life Insurance

Summary Article By Sarah Martin

Ordinary Business Life Insurance

The ordinary business Metropolitan Life Insurance Company prospered anew soon after 1892. During 1892, 1,704 ordinary policies were written for approximately $2,000,000, as compared with 178 policies for less than $200,000 the year before. Whereas in 1891 the Metropolitan Life Insurance Company was at the bottom of the list of ordinary companies operating in New York, it had reached fourth place as regards business written in this Department by 1900. Between 1906 and 1913 the ordinary business in force gained $609,905,310.

Only a decade later, in 1923, the Metropolitan had become the largest ordinary insurance company in the world as well as the largest in total insurance in force. This new form of insurance likewise found a ready market. To widen even further the circle of protection, the Metropolitan in 1899 inaugurated "Special Class" policies for those who, because of occupation or physical impairments, could not meet the standards of ordinary or intermediate insurance.

Industrial insurance was under severe attack. Late in the 1800's a number of attacks were directed against industrial insurance. Incredible, but nevertheless true, was the fact that some worthy citizens of the day actually charged that life insurance policies on children endangered their lives because a number of parents would let their children die of neglect, or murder them for the insurance proceeds.

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