The Durham Life Insurance Company was an insurance company based in Raleigh, N.C. for most of its existence. The company went through a series of mergers and acquisitions beginning in 1979 and is no longer in business as of 2014.Know More
The company was founded as Durham Mutual Protective Association in 1906. It was originally based in Durham, but moved its corporate headquarters to Raleigh in June of 1920. The company started out issuing industrial insurance for accidents, sickness and death to a base of largely low-income customers. Life insurance was also sold for larger premiums.
As the company grew it began offering a broader range of insurance products. In 1927 it expanded into broadcasting with the purchase of radio station WPTF. The station changed its call letters to WQDR-FM in 1972. The company also acquired the television station WRDU-TV in 1977 and renamed it WPTF-TV.
Dunham Corporation became the parent holding company in 1979, and with incorporation, Durham Life Insurance became its subsidiary. Dunham Corporation merged with Capital Holding Corporation in 1991, which in turn became Providian Corporation in 1996. Providian then sold its insurance holdings to Ageon.
As of 2014, inquiries about former policies with Dunham Life Insurance can be directed to Monumental Life Insurance Company of Iowa.Learn more about Insurance
Several companies give consumers the option to purchase combined life insurance, including Combined Insurance, USAA and Northwestern Mutual. This insurance option can be used to pay for long term care, final expenses and loss of income.Full Answer >
According to Futurity First, life insurance is an important asset because it provides financial protection for the beneficiaries, helping pay for funeral expenses, pay-off debts that could be assigned to the estate and providing living expenses to any dependents. Life insurance can also be used to protect a business from the devastating loss of a key employee, provide an emergency cash fund, create a supplemental retirement plan and provide peace of mind.Full Answer >
Life insurance provides ongoing income for a policyholder's family if he suddenly dies, according to The Motley Fool. In addition to replacing the deceased's income, life insurance can also cover funeral, legal and medical expenses that result from the policyholder's death.Full Answer >
Insurance Auto Auctions is a company that conducts salvage auto auctions, according to the company's website. Its auction model focuses on both in-person and online auctions. An auctioneer conducts the auction, a ringman monitors in-person bids and an auction clerk represents online bidders.Full Answer >