From the earliest days, Man has organized himself to control three main hazards which confronted him, and still do.

These hazards are:-

DYING TOO SOON
LIVING TOO LONG
BECOMING DISABLED

The fundamental purpose of life Assurance is to provide financial security/money to meet financial losses caused by these hazards.

Life Assurance originated and developed to reduce the impact of these hazards by grouping together with others and thus sharing the risk.

The story of the origin of life insurance is very inspiring. The idea of guarding against risk is almost as old as mankind. We know that Joseph recommended storing grain during seven fat years in Egypt against the impending seven lean years. Centuries ago in England, little groups banded together into guilds and societies. Members of these guilds and societies by paying small sums were assured that a certain measure of relief would be given to their families if the bread winner was taken away. In 1705, The Amicable Society for a Perpetual Assistance Office was founded and it became England’s first successful Life Insurance Company.

Life Insurance as we know today, developed from these small beginnings into a gigantic industry which gives people the security they need to maintain financial soundness, morale, and faith. Through war, inflation, deflation, depression, boom, panic, epidemic, and all kinds of catastrophes, life insurance gives the individual the solid financial footing needed to forge ahead as it is based on sound and scientific principles. Its record of service can not be approached by any other financial institution. At the times when Banks failed by the hundreds and the investment companies went under, the Life Insurance Companies paid their dues in full and survived the turmoil. Life Insurance Companies have maintained an enviable record in the face of almost every conceivable trial.

Life Insurance is truly INCOME INSURANCE; a new source of income replacing the earning power of the bread winner if unfortunately he is taken away. It is in a sense, TIME, because it is money a person did not have time to accumulate; an estate that will complete the plans there was not time to finish.

Life Insurance is sold not because someone may die, but because someone must live. If people die, the contracts which the life insurance agent has sold are LIFE for the survivors. If people live, the contracts are life for their old age. While people live, their contracts assure effective thrift and accumulation of funds and reserves for emergencies and for opportunities. It is an unsurpassed vehicle of savings, protection and growth which has stood the test of time and given people the security they need to maintain financial soundness and peace of mind.