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:
“In an industrial society which confuses work and productivity, the necessity of producing has always been an enemy of the desire to create.”
—Raoul Vaneigem (b. 1934)
“The old, subjective, stagnant, indolent and wretched life for woman has gone. She has as many resources as men, as many activities beckon her on. As large possibilities swell and inspire her heart.”
—Anna Julia Cooper (1859–1964)
“Of your philosophy you make no use
If you give place to accidental evils.”
—William Shakespeare (1564–1616)
“When death has you by the throat, you don’t mince words.”
—Friedrich Dürrenmatt (1921–1990)
“For there can be no whiter whiteness than this one:
An insurance man’s shirt on its morning run.”
—Gwendolyn Brooks (b. 1917)