MTHEL131 Lecture Notes - Lecture 1: Disability Insurance, Life Insurance, Manulife
12 Apr 2016
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1757 london england: peiion is being presented in parliament. They were trying to start irst life insurance company. Started it so the families would be well of if family member died (main provider dies). This way, in result of unexpected death, family could sill carry on. 3 main concerns of canadians that insurance helps: 1) die too soon (life insurance) Kids too young, etc: 2) live too long; reired people worry that their money will run out before they die (pensions, 3) becoming disabled or seriously ill. (disability insurance) 1583 london england: richard marin was a businessman/poliician but liked to go out to the country club oten. He had a manager named william gibbons who ran business for him. If he died he took into account the cost it would have on him. He quaniied it and it resulted in 383 pounds.
