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Podcast: Today In History with The Retrospectors
Episode: Insuring Your Life
Description: The world’s first life insurance policy was signed on June 18th, 1583.The person insured was one William Gybbons, who worked as a meat and fish salter, and the beneficiary of the policy was a man named Richard Martin. Curiously, the relationship between the two men has been lost in the mists of time.In this episode, Arion, Rebecca and Olly do the maths and work out exactly how much a human life is worth; discuss how, like all good insurers, the underwriters tried to weasel out of having to...