The Phoenix index. (Phoenix, Ariz.) 193?-19??, 1939-08-26
N. C. Mutual In Fine
Shape, Re port Shows

proximately $12,345,OOO insurance
was written and paid for on the
lives of 92,812 individuals, by
North Carolina Mutual agents.
ENJOYS CONFIDENCE
| It is significant TO note that
many of these policies were taken
by individuals who for a number
Of years have carried their irsur-
ance with the North Carolina Mu-
tual. This fact is highly appre-
ciated by the officials of the COM
pany, in that it evidences in a
most tangible way, the confidence
and good will the company has
always felt it enjoyed.
North Carolina Mutual is now
in it's 41st year of continuous, sat
isfactory service to its many thou
sands of policynolders. The rec
ords of the company indicate that
adequate reserve is carried, which
fact guarantees the prompt and
full payment of every just claim.
In addition 20 the statutory re-
serves required by law, ample con-
tingent reserves are Set aside for
all known and anticipated habiii-
ties the company may experience,
thereby making doublV Sc cure all
contract. thai are now Atsta ding.
These facts speak eloquently OF
the companys financial condition.
Another interesting sidelight, as
expressed by Mr.. Spauiding, is the
fact that in the selection of agents,
the first requirement for consider
alton is an unimpeachable charac-
ter. Before entering upon an as
signment with the company, each
agent is thoroughly trained Ind in
the States OF iT1rth Carolina ano
Pennsylvania, must undergo
rigid examination by the State
Insurance Department. 1t is fol
these reasons a North Carolina
Mutual representative is well
qualified from the standpoint of
character and a thorough knowl-
edge Of the principles of life insur-
ance to advise and counsel with
prospective policyholders relative
to their insurance needs.
GET AMPLE SECURITY
In commenting on the COM
pany's operation, the Dunno In
surance Reporting Service has this
to say with reference to North
Carolina Mutual: THE results OF
its 40th year of progress and sat-
isfactory service to its many thou
sands of policyholders showed to-
tai admitted assets of $5,498, 1873
which is substantial increase
over the previous year. and brings
the assets to the highest peak of
the company's history. These re-
sources consist of choice securities
which are well diversified and
which yield a better than average
return. 80. All loans have been
made on a conservative valuation
basis, which gives policyholders
ample security for their funds. AL
analysis Of the company's bond
portfolio discloses that none of the
high-quality securities are in de-
fault as to principal or interest,
which is very cOmmeadable.
The report continues: "Incor-
porated in the year 1899 under the
rigid insurance laws of the State
Of North Carolina. the company
has licenses to operate in that
State and South Carolina, Georgia,
Pennsylvania, Virginia, Maryland,
Tennessee, Alabama and the Dis
trict of Columbia. In all this ter
ritory, it is represented by a care
fully selected and thoroughly
trained field force, all of whom
may be depended upon are regu-
larly examined by the states in
which it operates, and the last
convention examination was con-
Quoted as of December 81, 1888 by
the North Carolina and South
Carolina Insurance Departments.
The report of the examination was
favorable"
The concluding observation OF
the Agency, which is regarded as