Democratic Sentinel, Volume 18, Number 12, Rensselaer, Jasper County, 6 April 1894 — Warfare and Insurance Rates. [ARTICLE]

Warfare and Insurance Rates.

When military or naval officers were, In days gone by, ordered on active service the extra premium demanded by the insurance offices was a very serious consideration. As instances of the sums demanded, Gen. Henry Brackenbury had to day £2l for every £IOO insured at the outbreak of the Ashantee war, and Sir Garnet Wolseley had to pay £25 for every £IOO. These war risks were not then based upon any known statistics, but elaborate calculations have since been gone into as to the risks of officers from a life insurance poirt of view, and the board of the Gresham have adopted a set of premium rates within easy reach of officers. For instance, in tho case of “a whole world and war policy,” covering risks of climate and warfare, an officer aged £0 would pay but Bs. Bd. per £IOO more than a civilian, and one aged 45 would pay only 2s. 9d. per £IOO more, tbe latter sum being due to the probability of his retiring from active service between the ages of 50 and 55, when the special risks incidental to his profession are no longer operative.— London World.