Talk:Lincoln National Corporation
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[edit] Old Stuff
According to the old Jefferson-Pilot website found on the Wayback Machine, Jefferson Standard bought controlling interest in Pilot Life in 1945, but the companies did not merge under one holding company until 1968, and did not become one operating company until 1987.
- "Our story began nearly 100 years ago with two well-respected companies, Jefferson Standard, founded in 1907, and Pilot Life, founded in 1903. Jefferson Standard was hailed by a local newspaper as the biggest corporation ever launched in North Carolina. After only five months of operation, Jefferson Standard had almost a million dollars of life insurance in force. The company reached a billion dollars of life insurance in force in 1951 and passed $7 billion in 1984. Pilot Life was also growing steadily when Jefferson Standard purchased controlling interest in the company in 1945.
- "The two companies joined forces under the new holding company, Jefferson-Pilot Corporation, in 1968. Their combined efforts reached approximately $40 billion of life insurance in force by the end of 1986. On January 1, 1987, the two companies merged to form Jefferson-Pilot Life Insurance Company, with $3.8 billion in assets.
A quibble, perhaps, but the truth is troublesome at times. ClairSamoht 22:29, 7 May 2006 (UTC)
This is true. While I can't cite sources, I can cite my own life history. Mom worked for Pilot Life and was part of the final merger in 1987. I still have some Pilot Life souveniers. user:5minutes 17 May 2006
