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, industrial, life, accidental, death and/or insurance:
“The Enormous Room seems to me to be the book that has nearest approached the mood of reckless adventure in which men will reach the white heat of imagination needed to fuse the soggy disjointed complexity of the industrial life about us into seething fluid of creation. There can be no more playing safe.”
—John Dos Passos (1896–1970)
“The clock, not the steam-engine, is the key-machine of the modern industrial age.”
—Lewis Mumford (1895–1990)
“The more highly public life is organized the lower does its morality sink.”
—E.M. (Edward Morgan)
“The accidental causes of science are only “accidents” relatively to the intelligence of a man.”
—Chauncey Wright (1830–1875)
“The breath of an aristocrat is the death rattle of freedom.”
—Georg Büchner (1813–1837)
“In taking out an insurance policy one pays for it in dollars and cents, always at liberty to discontinue payments. If, however, woman’s premium is a husband, she pays for it with her name, her privacy, her self-respect, her very life, “until death doth part.””
—Emma Goldman (1869–1940)