Union gazette. [volume] (Corvallis, Benton County, Or.) 1899-1900, 1899-11-10
LIVES WORTH MONEY.
CROWNED HEADS WHss ARE I'M
SURED FOR MlLLilssss.
Tho Prince of ~ ales Carries Policies
sAxarexatinx 81 10. 1000. .O0O-.H .His Death
Would BeneGs Many Fe-sons Outside
of His owu Family.

~ DIE insurance man told me recently
IN New Lork that the Prince OF Wales
was the heaviest risk OF any patron of
the Insurance business. and that his
death would cost English, German,
Trench and American companies not
less than $10,OO0,000. 81
'No other person carries 20 per cent.
OF that insurance. he said. s.but COM
parativelE little Of it is for the benefit.
OF his family; perhaps not more than
$1,000. 600. Some years ago large poll
cies were taken out by his creditors as
security for money loaned. II ne should
ever pay his debts they would Of course
revert to him. and might be carried for
the benefit OF his family, but his pre-
miums, like the premiums on all Of the
royal families of Europe, are very high
much higher than. those paid by spri-
vate individuals for the same amount
OF. insurance"
.-It is curious fact, continued my,
Insurance friend. who spends 9 good
deal of his time m England, ..that $2,-
100000 or So, ,OO0. 900 OF insurance, per-
haps more than, that, has been placed
on the life of the Prince OF Wales as a
speculation by persons. who do not
know him and have never had any re-
lations with him whatever. This would
not be possible under the Insurance
laws or the United States, but it is al
lowed by some of the English compa-
nies. Over there any man can secure
policy on the life of a neighbor, pro-
vided. he can persuade the neighbor to
submit to a medical examination or
find q company which. has recently had
him examined. Thus when the Prince
Of Wales undergoes an examination for
insurance lots of spectators apply to
the same company for policies on his
life, or get certified copies of the re-
port Of the medical examiner and suse
them with other companies. It is a
pure speculation. They nav a high nre-
smium. a margin, SO to speak. or. to put
1T in another way, they book a wager
with the insurance companies that the
Prince will die before the total of their
premiums exceeds the amount. of the
policy. Therefore. MANY uersnns
would be financially benefited If Albert
Edward should drop off suddenly one
OF these fine days. The Prince is per
fectly aware Of this fact. He knows
very we'll what advantages have been
taken of bis situation. but do not supZ
nose # makes any difference with his
hahits!n
"Are kings. generally insured Y' ask
ed.
-.-aYes. most of them. but they are NOT
rnpa rdad ma GOOD risk and comnanies
that carry sthe nolicies do not advertise
the fact anv moro than nacassarv ~
s,ninrea "a tber than haneits thor, The
late Emnaror Fradarick fathar of the
nrasent kaiser carried nearly * ooo .
noo ~ in.nrance which a. ahant oI, The
money hia widow has 10 live IN FOR
her nension from tha cSrman sovarn. =, -.
ts smsu Fredsrick was cansid-
erea rec p Hrst-clAss risA. ss ne WIS a man
OF robust heaitn. spiendid stature, with
the training and frugal habits OF 2 sol
dier sand<Was an athlete: but all at
once 2 cancer was aiscovered, which
ne deuptiess innerlteasirem MS grand
mothers the beautiIui queen LOUISA,