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National Life Insurance Company

 

National Life Insurance Company

National Life Insurance Company is a U.S. mutual life insurance company.

It was chartered on November 13, 1848 “upon the principle of mutual participation in the funds or profits” of the company. As such, the National Life of Vermont was a mutual company even though that fact was not apparent from its name. The company officially issued its first policy and began business on February 1, 1850. Its name bespoke the fact that its organizers were from many different states and believed company life insurance policies would be sold throughout the nation.

Julius Yemans Dewey, medical doctor of Montpelier, Vermont, was among the company's founders. He would later serve as general agent and then president of the company[1] and delivered the remittance of the company's very first claim on July 26, 1850.[2]

References

  1. ^ Gilman, Marcus Davis (1897). "The Bibliography of Vermont; or, A List of Books and Pamphlets Relating in Any Way to the State: With Biographical and Other Notes". Burlington, Vermont: Printed by the Free Press Association. p. 138. OCLC 4072330. 
  2. ^ "National Life's First Claims: Claim #1". Retrieved 2008-07-14.  (Archived by the Internet Archive here)

External links

  • National Life Insurance Company (Internet Archive)
  • Website of National Life Group
  • Historic archives of National Life of Vermont
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