5min chapter

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The Birth of Actuarial Science and Life Insurance, Pt. 1

Stuff You Missed in History Class

CHAPTER

The Origins of a One-Year Term for Life Insurance and the Speculative Period of Insurance

This chapter explores the origins of one-year term life insurance policies and the regulations set forth by the office of assurances in London to ensure fair benefits and prevent depletion of funds. It also hints at the upcoming discussion on the role of dice rolls in insurance.

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