North Carolina Mutual Life Insurance Company
NC Mutual (originally the North Carolina Mutual and Provident Association and later North Carolina Mutual Life Insurance Company) is an American life insurance company located in downtown Durham, North Carolina and one of the most influential African-American businesses in United States history. 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 died while insured, the company immediately paid benefits of about 100 dollars. This covered the
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Charles DeWitt Watts
Huston–Tillotson University
Leonard Hall (Shaw University)
Lincoln Hospital (Durham, North Carolina)
North Carolina Mutual Building
Old North Carolina Mutual Life Insurance Company Building
Woodmen of Union Building
Agnes Kane CallumAmerican business historyBenjamin S. Ruffin Jr.Bill Foster (baseball)Black-owned businessesBlack Wall Street (Durham, North Carolina)Business historyCharles Boudinot RootCharles Clinton SpauldingCivil rights movement (1896–1954)Durham,_North_CarolinaEdgemont (Durham, North Carolina)Erskine BowlesFrederick D. AlexanderFruteland JacksonHayti, Durham, North CarolinaHistory of North CarolinaIn a Sentimental MoodIndustrial insuranceInternational Association of Black ActuariesJohn Merrick (insurance)Kenneth SpauldingList of Kappa Alpha Psi brothersLouis AustinMechanics and Farmers BankMutual Life Insurance CompanyNational Insurance AssociationNorth Carolina Mutual and Provident AssociationRodney E. HoodSadie Tanner Mossell AlexanderThe Tower at Mutual PlazaTimeline of Durham, North CarolinaWilliam Gaston Pearson
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North Carolina Mutual Life Insurance Company
NC Mutual (originally the North Carolina Mutual and Provident Association and later North Carolina Mutual Life Insurance Company) is an American life insurance company located in downtown Durham, North Carolina and one of the most influential African-American businesses in United States history. 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 died while insured, the company immediately paid benefits of about 100 dollars. This covered the
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NC Mutual (originally the Nort ...... ts African American community.
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former name
North Carolina Mutual Life Insurance Company
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North Carolina Mutual and Provident Association
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founded by
founding date
1898-08-22
founding year
industry
key person
region served
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41,263,467
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1,013,787,064
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area served
United States
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former name
North Carolina Mutual Life Insurance Company
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North Carolina Mutual and Provident Association
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founded
Durham, North Carolina
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founder
homepage
industry
key people
Michael L. Lawrence &
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location city
Durham
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location country
United States
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name
NC Mutual
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services
Insurance & Finance
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subsid
North Carolina Mutual Insurance Agency
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NC Mutual (originally the Nort ...... 100 dollars. This covered the
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label
North Carolina Mutual Life Insurance Company
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homepage
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name
NC Mutual
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