The dynamic development of the life insurance came in the nineteenth century and applied not only to Europe and the US, but also Japan. Initially developed insurance based on reciprocity, later in the forms of mutual and joint-stock companies were created.
The development of the life insurance was halted during World War I and after it ended, it Caused a progressive inflation, Causing the Devaluation of benefits paid. Another crisis of life insurance you survivors during World War II. After the war there was a further dynamic development of life insurance, Which Influenced mana, and a very close Cooperation with insurance companies and other financial Institutions was made, it was a breaking point and a trigger to the modern insurance policies.
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