MTHEL131 Lecture Notes - Great Fear, Manulife, Human Resources
12 Mar 2014
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How can you run such a successful business, yet spend so much time away from the business? : organization, built up business, time management. 11th month: william gibbons died, richard martin was devastated: refuse to pay richard martin, so he sued them, judge upheld the terms of the contract, ensured martin was paid. Life insured: william gibbons: faceamount: l383, premium: 8% (these are the terms and players in the life insurance contract) Petition was put before the house of parliament. Denied, could not secure enough votes in parliament. Asking for the opportunity to form a life insurance company so that individuals who wanted to protect their dependents could buy a policy. No other strategies to protect their families in case of their death. Life insurance goals are no different in 2013: protect the surviving spouse and children. People are still living pay check to pay check. Legislation was passed and first insurance company was formed.
