North Carolina Mutual Life Insurance Company

The North Carolina Mutual Life Insurance Company (originally the North Carolina Mutual and Provident Association) is an American life insurance company located in downtown Durham, North Carolina. Founded in 1898 by local black social leaders, its business increased from less than a thousand dollars in income in 1899 to a quarter of a million dollars in 1910. The company specialized in "industrial insurance", Which was basically burial insurance. The company hired salesmen whose main job was to collect small payments (of about 10 cents) To cover the insured person for the next week. If the person did die while insured, the company immediately paid benefits of about 100 dollars. This covered the cost of a suitable funeral, which was a high prestige item in the black community. It began operations in the new tobacco manufacturing city of Durham, North Carolina, and moved north into Virginia and Maryland, then to major northern black urban centers, and then to the rest of the urban South.

单词	Industrial insurance
释义	Industrial insurance 原声例句美国历史 In the second place, there developed schemes of industrial insurance in the form of automatic grants made by state commissions to persons injured in industries, the funds to be provided by the employers or the state or by both. 其次，制定了工业保险计划，其形式为国家委员会向工业受伤人员自动拨款，资金由雇主或国家或两者提供。英语百科 North Carolina Mutual Life Insurance Company The North Carolina Mutual Life Insurance Company (originally the North Carolina Mutual and Provident Association) is an American life insurance company located in downtown Durham, North Carolina. Founded in 1898 by local black social leaders, its business increased from less than a thousand dollars in income in 1899 to a quarter of a million dollars in 1910. The company specialized in "industrial insurance", Which was basically burial insurance. The company hired salesmen whose main job was to collect small payments (of about 10 cents) To cover the insured person for the next week. If the person did die while insured, the company immediately paid benefits of about 100 dollars. This covered the cost of a suitable funeral, which was a high prestige item in the black community. It began operations in the new tobacco manufacturing city of Durham, North Carolina, and moved north into Virginia and Maryland, then to major northern black urban centers, and then to the rest of the urban South.
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Industrial insurance

North Carolina Mutual Life Insurance Company