The very first company to offer UFO abduction insurance was the St. Lawrence Agency in Altamonte Springs, Florida.[6] The company says that it has paid out at least two claims.[3] The company pays the claimant $1 per year until their death or for 1 million years, whichever comes first.[6] Over 20,000 people have purchased the insurance.[2] The insurance is normally purchased by the "feeble-minded", according to Burgess, a former Lloyd's of London underwriter.[2] Prominent policyholders have included Shirley MacLaine and a Harvard University professor who has written on aliens.[3]
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.