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How Life Insurance Has Evolved Over the Years

curiousmindmagazine.com

Life insurance has undergone significant changes over the past several years. Like all forms of insurance, it has been impacted by consumer demands and advances in technology.

Most recently, life insurance has dealt with the effects of the ongoing worldwide coronavirus pandemic. However, what hasn’t changed is the necessity to obtain and retain this essential coverage as a means of ensuring financial security and peace of mind.

A Brief History of Insurance Insurance in some form has been in existence since the Middle Ages, when the guild system emerged, along with the concept of spreading risk over a larger pool.

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