BLACK IN TIME: A Moment In OUR History - North Carolina Mutual & Provident Insurance Company
John Merrick
On October 20, 1898, John Merrick And Six Associates Founded The North Carolina Mutual & Provident Insurance Company, In Durham, North Carolina. The Company Has Been Called "The Greatest Monument To Negroes' Business Enterprise."
By 1992, Merrick's Business -- Now Called North Carolina Mutual Life Insurance Company -- Had Become The Largest Black-Owned Life Insurance Company In America, With $8.8 Billion Dollars Of Insurance Policies And $214 Million In Assets.
North Carolina Mutual & Provident Opened The Same Year That Participants In The Fourth Annual Atlanta University Conference Resolved To Urge Black Black Americans "To Enter Into Business Life In Increasing Numbers."
Today, North Carolina Mutual Insurance Company Still Stands As Oldest And Largest Black Life Insurance Company In The United States.
"In Order For Black History To Live, We Must Continue To Breathe Life Into It." -- Hubert Gaddy, Jr.
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tHE INSURANCE MAN WAS A FEGULAR GUESE IN OUR HOME. i HAVE FOR GOTTEN HOW REGULAR HE WOULD COMD BUT HE DID, hE AND MY UNCLE AND GRANDFATHER WOULD ALWAYS HAVE A COOL LEMONAIE IN TH SUMMEER SITTING OUT ON TH EPROUCH...HE WAS ALWAYS WELCOME COMPANY WITH ALL THE NEWS FROM TH H BIG CITY TO TELL US,
WE ALWAYS WERE SO GRAD WHEN THESE PEOPLE WOULD COME. (SMILE)