Annals, Anecdotes and Legends: A Chronicle of Life Assurance by Francis

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Author Francis, John, of the Bank of England
LoC No. 07000807
Title Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Note Reading ease score: 54.6 (10th to 12th grade). Somewhat difficult to read.
Credits Produced by deaurider, Craig Kirkwood, and the Online
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Summary "Annals, Anecdotes and Legends: A Chronicle of Life Assurance" by John Francis is a historical account written in the mid-19th century. The text offers a comprehensive exploration of the development and significance of life assurance, intertwining its evolution with important social and economic changes over time. The narrative aims to illuminate both the early practices of life insurance and the rich anecdotes surrounding its figures and principles. The opening of this work delves into the origins of life assurance, tracing its roots back to a time when mortality was largely unpredictable due to constant wars, diseases, and poor living conditions. Francis introduces key early individuals, such as Captain John Graunt, who pioneered the recording of population statistics, establishing a basis for understanding life expectancy and its implications for assurance. He discusses the role of Sir William Petty in advancing the economic theories that led to a more structured approach to life insurance, setting the stage for its eventual incorporation into financial practices. Francis paints a vivid picture of the tumultuous backdrop from which these early concepts emerged, emphasizing the inherent vulnerabilities in life and the need for provisions like life assurance. (This is an automatically generated summary.)
Language English
LoC Class HG: Social sciences: Finance
Subject Life insurance
Category Text
EBook-No. 50380
Release Date
Copyright Status Public domain in the USA.
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