Alien Abduction Insurance

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.