Endowments; Clergy--Pensions; Insurance companies; Boston (Mass.); Methodist Ministers Relief Insurance and Trust Association
Format
correspondence
Genre
Business correspondence
Date
[between 1901 and 1919?]
Physical Description
microfilm, 16 mm, b&w
Note (Reel no.)
Reel 81
Note
PDF may contain multiple grant documents.
PMF grew steadily in the early to mid 1900s, despite war and depression. In 1941, it acquired the Ministers Mutual Life Insurance Company (formerly called the Methodists Ministers Relief Insurance and Trust Association) of Boston, Massachusetts. By 19 50, PMF, which had always been based in Philadelphia, had created satellite offices in Boston, St. Louis, and Atlanta. The next forty years proved challenging as the cautious, small insurance firm with the limited customer base tried to maintain its low rates and financial integrity in spite of increased costs and competition. PMF endured its final name change in 1990 when it became the Convent Life Insurance Company. This firm was taken over by Provident Mutual Life Insurance Company in 1994; which itself was acquired by Nationwide Mutual Insurance Company in 2002. " [SOURCE: Majewicz, Cary. Finding Aid, Presbyterian Ministers’ Fund Records, 1718-1962 (bulk 1798-1899). The Historical Society of Pennsylvania, Mar. 2008. https://hsp.org/sites/default/files/legacy_files/migrated/findingaid3101presbyministers.pdf. Accessed 2 Oct. 2018.]