The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1900-08-15
BIG INSURANCE.
The Prince of wales Carries an
Enormous Amount.

a big Insurance man told me recently
In New-York that the Prince of Wales
was the heaviest risk of any patron OF
1 the insurance business, and that his
death would cost English. German,
French aud American companies not
less than $4,000, 900.
No other person carries 20 per cent
OF that insurance" he said. but COM
paratively little of 1t is for the benefit
of his family: perhaps not more than
$1,000, GOO
1T is a curious fact" continued my
insurance friend who spends II good
deal of his time In ENGLAND. that So
0O0. 900 or $S,000.o00 of Insurance, per-
haps more than that, has been placed
on the life OF the Prince OF Wales as
speculation by persons who do not
know him and have never had any rela-
lions with him whatever This would
not be possible under the insurance
laws of the United States. but II is al
lowed by some of the English compan-
les. Over there any man can secure
policy on the life of neighbor. pro-
vided he can persuade the neighbor to
submit 10 medical examination or find
a company which has recently had him
examined. Thus when the Prince of
surance lots of spectators apply to the
Same company for policies on his life,
or get certified copies OF the report OF
the medical examiner and use them
with other companies. 1t Is pure specu-
lation. They pay high premium, a
margin, so to speak, or to put II In an
other way. they book a wager with the
insurance companies that the Prince
will die before the total OF their pre-
mums exceeds the amount of the poll
cy. Therefore, many persons would BIO
financially benefited II Albert Edward
should drop off suddenly one OF these
fine days. The Prince Is perfectly aware
of this fact. He knows very well what
advantages have been taken OF his sit.
uatinn but do not suppose 1t makes
any difference with his habits"
Are kings generally lnsured?"
asked
Yes, most of them, but they are not
regarded as n good risk, and companies
that carry the policies do not advertise
the fact any more than necessary. II
Injuries rather than benefits them. Tho
late Emperor Frederick, father of tho
present Kaiser, carried nearly $4,000, 600
OF Insurance. which Is about all tho
money his widow has to live on, for her
Is small. Frederick was considered
first class risk lie was man of ro-
bust health. splendid stature. with tho
training and frugal habits of a soldier,
and was an athlete; but all at once a
cancer was discovered, which he doubt
less Inherited from his grandmother.
beautiful Queen Louisa, and he failed
rapidly The present Kaiser is not
considered a good risk. This Is quite
as much because of his constitutional
defects as for political considerations,
but for obvious reasons no company
would decline an application from him
| for insurance.
Il understand the Queen of Spain il
heavily insurod?"
yes, that Is supposed to be the case.
although little is known about IL, and
| the prevailing impression is that most
of her policies are In American com
panes, which have agencies In Madrid.
Alfonso XII, her husband, was insured
In several French and English compan-
les se2e say To the extent OF $1,000
| eco, but l do not Know me exact
| amount Chicago Record.