One of the most popular kind of insuring nowadays is the endowment life insuring. This kind of insuring supplements the budget and is the best way of capital accumulation in many developed countries. It would be interesting to know that first life insurance company was created in the USA in 1759. It even exist nowadays. It’s Presbyterian Ministers’ Fund in Philadelphia.
There more then 2000 companies of life insuring today. They are divided into two main types: joint-stock companies and the reciprocal companies.