Insurance: Credit-Card Premiums

Like most traveling businessmen, insurance agents consider credit cards all but indispensable. Lately, however, agents have been alarmed to find that one of the fastest growing credit-card items is insurance itself. Thirty card systems and charge-account issuers now sell and service simple policies from travel and accident to term life insurance. So far, more than a dozen insurance companies are writing the policies.

First to try the credit-card scheme on a large scale was Los Angeles' Beneficial Insurance Group, which teamed up with the Diners' Club in 1959. After a slow start, Beneficial's card-catered insurance business grew 40% last year;...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!