The Providence news. (Providence [R.I.]) 1891-1906, 1899-09-25
/. INSURING ROYALTY.
Kings Not Regarded as vsu Good Risk BY IN,
Companies.

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Dig insurance man told me recent
In New York says a writer in the Chi
cago Record. that the Prince of Vale
was The heaviest risk Of any patron o
the Insurance business, and That hi
death would cost English, German
french and American companies no
less Khan siO.oOOOOo.
No other person carries 20 per cent
Oh that insurance." he said, "but com.
paranvely little of 1t lis for the benefit
oi ms family; perhaps not more than
si'ooo'ooO. Some years ago large policies
were taken out by his creditors
.or money loaned. If he should ever pay
us ueots. they would of course. revert
20 MN, and might be carried for the
D."eiit OF his family. but his premiums,
ms the premium on all OF the royal
e''iiies or Europe, are very high
'iaoh higher than those paid by prl-
'ate individuals for the same amount
of Insurance.
~ is a curious fact" continued my
Insurance friend, who spends good
Neai OF time in England. that s.. .OOO. 600
~, "a sS'ooo,OOO OF INSURANCE. perhaps more
or az nnmt, has been placed on the life
bv ,,eue IHhce or Wales as speculation
~ persons who do not know him and
nave never had anv ra,ation u.tth htn,
wna.eVer. " This would NOT be possihla
So. the insurance laws of the United
Ena,ia, out III Is allowed by some of the
or,,s '.sh @ companies. Over there any man
secure a policy on The life Of a
nejebbo,. piovided he can persuade the
ination or find a comnanv -,,,hich has
teI,Iy mad him examined. Thus when
a.s Z ihce or Wales undereoes an ex-
,aniilliuon Tor Insurance. lots OF specu-
,a,Vis ,1s apply To the same company for
poiictes on his life. or get certified con-
na, tne report OF the medical exam
ier ana use them with other co,nnan-
-. IL is pure speculation, ,Thav nay
nsn premium, a margin. SO 10 speak
~, 10 put 1T in another way. they hook
!, wager With the insurance cononanias
~ nav the Prince will die before the total
q .neir premiums exceals The amount
,.o,,us poidcy therefore, many persons
,ouiu De financially benefited IL Albert
coward should drop off suddenly one ~
nese hns' days. The Prince is perfectly
ware or this fact. He knows very well
mat advantages have been taken OF
rs SITUATION, but / do not suppose il
lakes any difference with his habits"
j, h'Hss generally 1nsured?" 1 ask |
Yes. most of them. but they are NOT |
egarued as good risk, and COMPANIES |
ldl carry the policies do not a1yertise |
le idct any more than necessary. Ii in
ires rather than benefits them. The |
lte emperor Frederick. father of the
resent Kaiser. carried nearly $4,000 :
~ or insurance. which is about ALI the |
loney his widow has to live on for
er pension from the German govern
lent Is small Frederick was consider
hrst-class risk. He was a man of
'oust health, splendid stature. with
lie training and frugal habits OF q
'ldler, and was an athlete: but all al
ace cancer was discovered. which ne
ouptless inherited from his grand
otner' the beautiful Queen Louisa and
e tailed rapidly. The present Kaiser
not considered a good risk This is
ute as much because of his constitu-
onal defects as for political consider
tlons. but for obvious reasons no com
any would decline an application from
i'm for insurance"
Il understand the Qu;tn of Spain fs
eavily insured"
Yes. that is supposed to be the case
Though little is known about n and
he prevailing impression iA that most
her policies are i'm American COM |
inies which have agencies i'm Madrid
lfonso MI her husband was insured |
several French and English com
'nles-some say to the extent of S5
1000. but / do not know the exact
Mount" |