The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1922-10-23
BIG NEW
INSURANCE
MERGER
Central States Life Merged
With Northern States
Life of Hammond
ESPECIAL TO The rInEsl


CRAWFORDSVILL IND. Oct. 20
announcement WAS made today
noon at meeting Of the Central
States Life Insurance Company's s
agency's force at the Crawford hotel
of the merger OF the insurance Of
The Central States Life with the In
surance Of The Northern State Life
Insurance Company OF Hammond
Details of the merger have been
ratified by the board of directors of
both companies and have been ap-
proved by the insurance commission
err of the state of Indiana. The ner-
ger becomes effective as Of october
II. 1922.
DR.. Fl. E. Sharrer. president and
general manager Of the Northern
States Life. in addressing the agents
at today's meeting. congratulated
them as we'll as the Central States
Life policy holders upon the merger
which will result in a combined in
surance of nearly $2o.ooo,o0o and
combined assets of nearly $4,000, 900.
Officers of both companies in at
tendance at the meeting also ex-
tended congratulations TO those in
terested in the two companies. The
insurance commissioner had n repre-
sentative at the meeting to express
the departments approval of the
splendid merger.
Certain of the directors OF the Gem
trail States Life Insurance Company
will thus become connected with the
directors of the Northern States Life
and will be actively associated with
DR. Sharrer n the expansion OF the
business OF the combined companies.
The Northern States Life already
has a strong agency force In both
Indiana and Illinois to which will
now be added that OF the Central
States Life as a result OF the mer-
ger, the combined force will bring
to the Northern States Life a repre-
sentative agency plant covering prac-
tically the entire Indiana field.
The merger will serve as a slim
illus and an inspiration to the agency
force OF both institutions with the
result that through their combined
efforts one of the strongest and
most progressive insurance compan-
les OF the middle west will be Great
ed. DR.. Sharrer. president of the
Northern States Life and f. NJ.
Brown. president of the Central Sta
tes Life. forcibly expressed at the
meeting their beliefs OF the great
possibilitis that now exist for an In
creased volume OF new business and
a larger and more enthusiastic
agency plant.
The Northern States Life was or
ganized by DR.. Sharrer at practically
the same time that the Central States
Life was organized twelve years ago.
Officers Of both institutions have
been in touch with the business OF
both companies through their con-
nection in the membership OF the
Indiana Association of Legal Re-
serve Life Insurance Companies of
which DR.. Sharrer IS the vice-presi-
dent. Fortunately. for those connec-
ted with each institution the insur-
ance written by both companies has
been carefully selected and the poll
cies are quite similar in their terms.
Donald F. Campbell. of Chicago.
consulting actuary and secretary OF
the American Institute OF Actuaries
was selected by the officials of both
the Central States Life and the Nor
thern States Life, together with the
insurance commissioner of Indiana,
to make the valuation Of the Central
States Life Insurance, which is now
nearing completion. Working with
him In this capacity are p. A. Par
ker. secretary and. w. e Price. head
Of the Conservation Department Of
the Northern States Life