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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 ...
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]
Permanent life insurance is life insurance that covers the remaining lifetime of the insured. A permanent insurance policy accumulates a cash value up to its date of maturation. The owner can access the money in the cash value by withdrawing money, borrowing the cash value, or surrendering the policy and receiving the surrender value.
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 ...
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".
This list of history journals presents representative notable academic journals pertaining to the field of history and historiography.It includes scholarly journals listed by journal databases and professional associations such as: JSTOR, Project MUSE, the Organization of American Historians, the American Historical Association, [1] Goedeken (2000), [2] or are published by national or regional ...
The Equitable Life Assurance Society (Equitable Life), founded in 1762, is a life insurance company in the United Kingdom. The world's oldest mutual insurer, it pioneered age-based premiums based on mortality rate, laying "the framework for scientific insurance practice and development" [1] and "the basis of modern life assurance upon which all life assurance schemes were subsequently based". [2]