Industrial Life and Accidental Death and Dismemberment Insurance
The company soon expanded into "industrial life insurance," so called because it was generally aimed at industrial workers, which was also sold on the debit system, and accidental death and dismemberment insurance, which rather than a weekly income paid a stated, fixed amount, if the insured died by accident or lost sight or use of an eye or a limb. The industrial life insurance plans were usually for small face amounts: typically $250, $500, or $1,000 in the early year. They featured double indemnity for accidental loss of life, which could be triple indemnity or even more if death occurred as the result of an accident on a public conveyance. (For this reason these plans were often derided by their detractors as "streetcar insurance.")
Read more about this topic: National Life And Accident Insurance Company
Famous quotes containing the words industrial, life, accidental, death and/or insurance:
“Adulthood is the ever-shrinking period between childhood and old age. It is the apparent aim of modern industrial societies to reduce this period to a minimum.”
—Thomas Szasz (b. 1920)
“The genuine artist is never “true to life.” He sees what is real, but not as we are normally aware of it. We do not go storming through life like actors in a play. Art is never real life.”
—Wallace Stevens (1879–1955)
“Single acts of tyranny may be ascribed to the accidental opinion of a day; but a series of oppressions ... too plainly prove a deliberate, systematical plan of reducing us to slavery.”
—Thomas Jefferson (1743–1826)
“Time is here and you’ll go his way.
Your lung is waiting in the death market.
Your face beside me will grow indifferent.
Darling, you will yield up your belly and be
cored like an apple.”
—Anne Sexton (1928–1974)
“Before I get through with you, you will have a clear case for divorce and so will my wife. Now, the first thing to do is arrange for a settlement. You take the children, your husband takes the house, Junior burns down the house, you take the insurance and I take you!”
—S.J. Perelman, U.S. screenwriter, Arthur Sheekman, Will Johnstone, and Norman Z. McLeod. Groucho Marx, Monkey Business, terms for a divorce settlement proposed while trying to woo Lucille Briggs (Thelma Todd)