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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 Pleasant D. Gold, Jr., sons of Pleasant Daniel Gold) and Pilot Life Insurance (founded 1903).
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 ...
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.
Many annuity companies have relatively low minimum premiums, often as low as $2,500 to $5,000 for some types of fixed annuities and around $10,000 to $15,000 for variable annuities.
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.
Like any source of retirement income, annuities have their pros and cons. Understanding these can help you make an informed decision about whether an annuity is right for you. Advantages of ...
These annuities protect your principal from market losses — but there’s a catch. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to ...
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.
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