Alien abduction insurance
Encyclopedia
Alien abduction insurance is an insurance policy issued against alien abduction
.
The insurance policy is redeemed if the insured person is abducted by aliens. Simon Burgess, former Managing Director of British Insurance
, well known for being involved in the bizarre end of insurance, said "Of course, the burden of proof lies with the claimant. Let’s face it – insurance is so tedious that if I can enlighten my dreary life with a bit of humour every now and again, I will."
A policy normally costs around $150 per $1.5 million in coverage as of 1998. Policy offerings vary from $10,000 to $10 million. Some companies offer policies for alien pregnancy, alien examinations and death caused by aliens. More recently the Alien Abduction Insurance Corporation has launched the idea of abduction insurance certificates as a unique gift for a lifetime premium and sell it at $9.95.
The very first company to offer UFO abduction insurance was the St. Lawrence Agency in Altamonte Springs, Florida
. The company says that it has paid out at least two claims. The company pays the claimant $1 per year until their death or for 1 million years, whichever comes first. Over 20,000 people have purchased the insurance. The insurance is normally purchased by the "feeble-minded
", according to Burgess, a former Lloyd's of London
underwriter
. Prominent policyholders have included Shirley MacLaine
and a Harvard University
professor who has written on aliens.
The Heaven's Gate religious group
had purchased alien abduction insurance before their mass suicide. Their insurance company (London brokerage Goodfellow Rebecca Ingrams Pearson (GRIP) ) stopped offering alien abduction insurance after the suicide - having sold the policy to about four thousand people (mostly in England and the United States). At a cost of roughly $155 a year the GRIP policy would pay about $160,000 to someone who could show that they had been abducted by a being who was not from Earth. The payment would double if the insured person was impregnated during the event. Men were also able to purchase the impregnation insurance for protection against the unknown capabilities of alien technology.
Abduction phenomenon
The terms alien abduction or abduction phenomenon describe "subjectively real memories of being taken secretly against one’s will by apparently nonhuman entities and subjected to complex physical and psychological procedures." People claiming to have been abducted are usually called "abductees" or...
.
The insurance policy is redeemed if the insured person is abducted by aliens. Simon Burgess, former Managing Director of British Insurance
British Insurance
British Insurance is an insurance company based in Colchester, Essex, offering payment protection insurance and home insurance. The company is an online-only broker which sells its policies independently of loan providers...
, well known for being involved in the bizarre end of insurance, said "Of course, the burden of proof lies with the claimant. Let’s face it – insurance is so tedious that if I can enlighten my dreary life with a bit of humour every now and again, I will."
A policy normally costs around $150 per $1.5 million in coverage as of 1998. Policy offerings vary from $10,000 to $10 million. Some companies offer policies for alien pregnancy, alien examinations and death caused by aliens. More recently the Alien Abduction Insurance Corporation has launched the idea of abduction insurance certificates as a unique gift for a lifetime premium and sell it at $9.95.
The very first company to offer UFO abduction insurance was the St. Lawrence Agency in Altamonte Springs, Florida
Altamonte Springs, Florida
Altamonte Springs is a city in Seminole county in the U.S. state of Florida, which had a population of 41,496 at the 2010 census. Located primarily in Seminole County, the city is in the northern suburbs of the Orlando–Kissimmee-Sanford Metropolitan Statistical Area, which the United States...
. The company says that it has paid out at least two claims. The company pays the claimant $1 per year until their death or for 1 million years, whichever comes first. Over 20,000 people have purchased the insurance. The insurance is normally purchased by the "feeble-minded
Feeble-minded
The term feeble-minded was used from the late nineteenth century in Great Britain, Europe and the United States to refer to a specific type of "mental deficiency". At the time, mental deficiency was an umbrella term, which encompassed all degrees of educational and social deficiency...
", according to Burgess, a former Lloyd's of London
Lloyd's of London
Lloyd's, also known as Lloyd's of London, is a British insurance and reinsurance market. It serves as a partially mutualised marketplace where multiple financial backers, underwriters, or members, whether individuals or corporations, come together to pool and spread risk...
underwriter
Underwriting
Underwriting refers to the process that a large financial service provider uses to assess the eligibility of a customer to receive their products . The name derives from the Lloyd's of London insurance market...
. Prominent policyholders have included Shirley MacLaine
Shirley MacLaine
Shirley MacLaine is an American film and theater actress, singer, dancer, activist and author, well-known for her beliefs in new age spirituality and reincarnation. She has written a large number of autobiographical works, many dealing with her spiritual beliefs as well as her Hollywood career...
and a Harvard University
Harvard University
Harvard University is a private Ivy League university located in Cambridge, Massachusetts, United States, established in 1636 by the Massachusetts legislature. Harvard is the oldest institution of higher learning in the United States and the first corporation chartered in the country...
professor who has written on aliens.
The Heaven's Gate religious group
Heaven's Gate (religious group)
Heaven's Gate was an American UFO religion based in San Diego, California, founded and led by Marshall Applewhite and Bonnie Nettles...
had purchased alien abduction insurance before their mass suicide. Their insurance company (London brokerage Goodfellow Rebecca Ingrams Pearson (GRIP) ) stopped offering alien abduction insurance after the suicide - having sold the policy to about four thousand people (mostly in England and the United States). At a cost of roughly $155 a year the GRIP policy would pay about $160,000 to someone who could show that they had been abducted by a being who was not from Earth. The payment would double if the insured person was impregnated during the event. Men were also able to purchase the impregnation insurance for protection against the unknown capabilities of alien technology.