When Was Life Insurance Invented? 
This will interest you ! Insurance in general is as thousands of years old . 2000 B.C. in China and 1750 B.C. by the Babylonians to protect the trader ` s goods . However , in Rome , an early form of Life Insurance was used called burial clubs in which payment was made to the beneficiary and for the payment of burial services . This was all for the payment of a premium . 