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On August 10, 1926, Columbian Mutual Life Insurance Company incorporated in Memphis, Tennessee, under the laws of Mississippi, to take over the business of Columbian Mutual Life Assurance Society. It wrote life, accident, and disability insurance. It covered the states of Alabama, Arkansas, Florida, Louisiana, Mississippi, and Tennessee. [5]
The first true society page in the United States was the invention of newspaper owner James Gordon Bennett Sr., who created it for the New York Herald in 1840. [1] His reportage centred upon the lives and social gatherings of the rich and famous, with names partially deleted by dashes and reports mildly satirical.
The first company to offer life insurance was the Amicable Society for a Perpetual Assurance Office, founded in London in 1706 by William Talbot and Sir Thomas Allen. [ 49 ] [ 50 ] The first plan of life insurance was that each member paid a fixed annual payment per share on from one to three shares with consideration to age of the members ...
September is Life Insurance Awareness Month and as the new Penn Mutual Life Insurance Company study shows, parents of the millennial generation are doing their best to safely plan for a family.
The society was "a semi-religious fraternal and beneficial society for health and life insurance." In buying it, Merrick learned about insurance and how to relate the insurance business to African Americans. [11] Merrick knew that blacks had short life expectancies and that they generally had poor health, largely due to their low income.
The Society was founded in 1837 under its original name, the National Loan Fund Life Assurance Society. The "Loan Fund" part of the name reflected the Society's practice of allowing insureds to borrow back a portion of their premiums, an unusual feature in its day but one that is now commonly practiced in the form of "policy loans".
Gleaner Life Insurance Society is a member-owned, nonprofit fraternal benefit society. It was established in 1894 and its home office is in Adrian at 5200 W. U.S. 223.
The life insurance field was getting much publicity at that time because of the Armstrong Investigation in New York State. This was an important event in insurance history with a comprehensive legislative investigation of life insurance operations led by Charles Evans Hughes. Many years later, Huebner said that the investigation and corrective ...