Annals, Anecdotes and Legends: A Chronicle of Life AssuranceFrancis, John, of the Bank of England
History
Annals, Anecdotes and Legends: A Chronicle of Life Assurance
Francis, John, of the Bank of England
Life insurance
The managing director of one of our best offices was offered, while
travelling in Ireland, an insurance of 2000_l._ on the life of a
gentleman; and an appointment was made to meet next morning at
breakfast. The applicant looked strong, and seemed healthy; he was
gay, lively, and ready-witted; nothing appeared amiss with him then;
and when the necessary certificates of health and sobriety were given,
his life was willingly accepted. In a year or two he died. In the
meantime information was received that his habits were intemperate,
that he was rarely sober, and therefore that a deception had been
passed on the company. It was discovered that he had been made up for
the occasion, that he had dressed himself smartly, assuming a lively
air and aspect, and that he had thus misled the gentleman by whom he
had been somewhat incautiously accepted. Such a case it was determined
to resist on every ground of public propriety and private right. All
necessary legal steps were taken; “the lawyers prepared--a terrible
show;” and as it was of somewhat doubtful issue, it was deemed wise
to take the most eminent advice which could be procured. That advice
changed the determination of the company; for it was said, that though
in England the deceased would have been pronounced a most intolerable
drunkard, yet no jury in all Ireland would be found to pronounce a man
intemperate who only took a dozen glasses of whisky toddy nightly;
that intemperance in England was temperance in Ireland; and that they
had better pay their money than risk a verdict. This they did; and
doubtless were very cautious in all Irish cases for the future.
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Public-domain text, read in full here on John Shaqi.
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