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In 1967, Pilot Life Insurance Co. and Jefferson Standard became Jefferson-Pilot Corporation. 800 Pilot Life employees moved into the Jefferson Standard Building and its 20-story addition in 1990. [2] [3] In 2008, Kisco Senior Living bought the Pilot Life buildings for $9.9 million. In January 2015, Kisco announced Pilot at Sedgefield, an ...
Following the acquisition of Jefferson-Pilot Corporation in March 2006, Lincoln Financial acquired group life, disability, and dental insurance divisions. Jefferson-Pilot Corporation was a Fortune 500 company based in Greensboro, North Carolina, founded in 1986 from the merger of Jefferson Standard Insurance (founded 1907 by Charles W. Gold and ...
One year later Jefferson-Pilot assumed the company's life and annuity responsibilities and provided $250 million in related support. [8] Bankers Trust Company purchased nearly $225 million in real estate holdings from KCL. [9] Two Lexington media outlets, (WVLK-590 AM radio and WKYT-27 television), as well as WYMT-TV in Hazard, were also sold.
Above the doorway is a bust of Thomas Jefferson, for whom the company was named, with Buffalo nickels on either side of ground floor windows to represent thrift and economy. [6] [7] The corridors used "23 carloads of marble". [8] In 1930, Jefferson Standard gained a controlling interest in Pilot Life Insurance Co.
The media company began in 1945 as Jefferson Standard Broadcasting Company, Inc., which became Jefferson-Pilot Communications in 1968. The company was a media-centered division of the Jefferson Standard Insurance Company of Greensboro, North Carolina, which later merged with Pilot Life Insurance Company to form Jefferson-Pilot.
The least expensive type of life insurance is usually term life insurance. It provides coverage for a specific period — often 10, 20 or 30 years — and is typically much cheaper than permanent ...
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