Mutual Life Insurance Company
Raleigh, NC (1849 - 1865)
The North Carolina Mutual Life Insurance Company was established by legislative charter in January 1849. There is evidence that the firm operated throughout the Civil War, but failed to survive the failure of antebellum banks and the repudiation of Confederate bonds and notes.
The company went into operation on April 1, 1849, according to
contemporaneous newspaper reports. Between April and October 1949, the
company sold approximately 300 life insurance policies during that
The company insured healthy persons from 14 to 60 years old for periods of 1 year, 7 sevens and for life (with all life members sharing in any profits). In addition, this insurance company issued slave life policies "All slaves from 10 to 60 years of age are insured one year or five years for two-thirds their value." (December 15, 1858, notice in The North Carolina Standard (weekly), Raleigh, NC.).
J. Hersman acted as general agent for the company in 1852. Thomas W. Dewey of Charlotte was acting as local agent for this company in October 1860.
Officers & Board (note dates are confirmed, additional service possible)