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Newspaper
Cameron Herald
Location
Cameron, Texas, United States of America
Date
Apr 16, 1936
Page
13
Community praises Cameron Mutual as it enters its fifteenth year on April 13. The association reports over 2.5 million dollars in life insurance on its books, more than 200 thousand paid to beneficiaries over fourteen years, and average annual payouts around 15 thousand dollars.
The Cameron Mutual Life Insurance Association operates under the State Insurance Department in Austin. Led by Mr. Roberts it offers low, adequate insurance with immediate full cash value on issuance. Policies range from 150 to 2000 dollars with monthly to yearly premiums, 10 death assessments, no joining fees, no annual dues, and immediate face value.
Cameron Mutual Life Insurance Association reports 27 death claims paid up to March 19 1926 for the 1935 period totaling 20525 dollars. President secretary B V Roberts notes rapid growth in fourteen years with over 20000090 dollars in claims paid since organization.
Thanks to business supporters who funded spaces in this edition to celebrate Cameron Mutual Life Insurance Association. The note thanks neighbors and policy holders for their confidence and cooperation as the company continues its service to Cameron city and county. B. V. Roberts, Secretary.
The Cameron Mutual Life Insurance Association now writes group insurance policies. The change affects existing plans and coverage arrangements as insurers shift to Cameron Mutual administration.
In 1922 Cameron business men formed the Cameron Mutual Life Insurance Association led by C W L Schaeg. By 1936 it boasted over 2.5 million in force and more than 200000 paid to beneficiaries in 14 years. The group grew under Roberts Triggs and a stable directorship to rank among Texas great mutual companies with solid reserves and broad policyholder protection.
A brief notice states that an insurance measure is now active under existing contracts, detailing no further changes in policy terms. The statement confirms continued coverage and enforceability under the current agreements.
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