Life Insurance Policies in the City of Kamloops

The city of Kamloops is located in British Columbia, right next to where the two branches of the Thompson River meet. It gets its name due to the fact that the city is also near Kamloops Lake. Kamloops was founded in 1811 as a fur trading post, and it officially became incorporated as a city in 1893 after the gold rush of the 1860s and construction of the Canadian Pacific Railway in the 1880s resulted in large numbers of people settling in the area.

Over 92,000 people live in Kamloops, which is the 37th largest metropolitan area in Canada. Some of the neighborhoods in Kamloops include Aberdeen, Batchelor Hills, Dallas, Juniper Ridge, Mission Flats, Rayleigh, Rose Hill, Sun Rivers, Tranquille and West End. Industries in Kamloops include resource processing of pulp, cement, plywood and copper. The city’s largest employer is Thompson Rivers University, and its Open Learning center is the largest distance education provider in all of British Columbia.

Many residents in Kamloops have come to the conclusion that in order to have peace of mind, they need to have life insurance. Insurance in North America became popularized in the mid 1700s through the efforts of Benjamin Franklin. Originally, the best known form of insurance was property insurance to insure properties against the risk of fires. However, by the late 1760s, life insurance started to become more popular; more than two dozen life insurance companies came into existence between the years of 1787 and 1837, but only a few of them actually survived and prospered.

By the mid 19th century, more life insurance companies came into existence. They usually started out as local enterprises, but if they were successful, the companies would expand elsewhere. These early life insurance companies, like life insurance companies today, only wanted to insure people who were in good health and did not participate in risky activities. Unlike today’s life insurance companies though, early life insurance companies had far more flexibility in choosing who they wanted to insure. Companies relied upon agents to make judgments upon the health of potential clients, which was problematic since these agents tended not to have any medical training. By the mid 19th century, this problem was solved when insurance companies started employing medical doctors.

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Vancouver, BC Canada
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