The Robesonian. [volume] (Lumberton, N.C.) 1870-current, 1909-04-08
MISREPRESENTATION
Something of the Recent Trans
action by Which Southern
Life Contracts Were Trans
ferred to the Standard

ferred to the Standard.
Believing that it would be of
interest to the numerous policv-
holders of the Southern Life In
surance Company of Robeson
county to know something of
the recent transaction by which
the policies of the Southern Life
Insurance Company have been
guaranteed by the Jefferson Life
Insurance Company of Raleigh,
a Robesonian man called upon
Mr.. A. w. Mclean for his opin-
ion in regard to the same. In
answer to a question as to the
matter, Mr.. Mclean said:
l am not a stockholder, nor
have any interest in either the
Southern Life Insurance Com
pany or the Jefferson Life In
suranceCompany, but on account
of the fact that a large number
Of the citizens of Robson coun-
ty are insured in the Southern
Life, | have made some inquiries
as to the whole matter, and
have had quite a number of per-
sons who hold policies in the
Southern Life recently to ask
my opinion as to whether or not
they should allow their policies
to lapse. | have unhesitatingly
advised them to continue to paw
their premiums and keep their
policies in force, for the reason
that the policy contracts were
secured by deposit of securities
with the State Insurance Com
missioner at Raleigh. | also
found that the Jefferson Life In
surance Company of Raleigh has
within the last few days pur-
chased all the life insurance bus
mess from the Southern Life,
and therefore the policies are
now guaranteed by the Jefferson
Standard Life Insurance Com.
pany of Raleigh. l regard this
outcome as very favorable indeed
for all the policyholders of the
Southern Life Insurance Com
pany.
AS l understand the trans.
action, the Southern Life trans.
ferred to the Jefferson STANDARD
all of its policy contracts, anc
the Jefferson Standard has as
sumed the payment of all polio.
contracts heretofore held by the
Southern Life; that is, the life
insurance policies heretofore is
sued by the Southern Life Insur
ance Company become policie
in the Jefferson Standard. L
addition to the reserves hereto
fore held by the Southern Life
and which have been transferre
to the Jefferson Standard,
guarantee the payment of thes
policies, the policyholders nov
, have the additional security O
the assets and surplus of tn
jefferson Standard, amounting
! | am told, to S493, 10000.
The whole matter has bee
l approved by the Insurance Con
missioner of North Carolina, an
: also by the Insurance Commi
n sioner of South Carolina, both {
d these Insurance CommissioneI
e speaking in the highest terms
:. the Jefferson Standard.
e "The following are some I
: the officers of the Jeffers(
|. Standard who are we'll know
It business men: Joseph G. Brow
e president CitizensNational Ban
7. Raleigh; Ex-Governor C. B. A
a cock, Raleigh; Herbert w. Jac
d son, cashier Commercial Natio
al Bank, Raleigh; Henry c. M
Queen, Wilmington, and D.
Is Mccall, Bennettsville, S. G.
= These are men of the highe
81 81 reputation financially and othe
e wise. In my opinion the polio
:, holders of the Southern Life ]
70 surance Company may well &C
VI graduate themselves on the OF
Z come, and may feel that the
! policies are much stronger tn
10 they ever were"