Metropolitan Insurance
Metropolitan’s Commitment to the Community and Its Policyholders
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metropolitan insurance company
In serving the community, Metropolitan investments also served the policyholders who comprise so large a part of the population of the United States and Canada. For example, one policyholder may have lived in Parkchester and another may have lived in a community which had been enabled by Metropolitan funds to build a much needed public improvement. Most policyholders used the railroad, the telephone, electricity, and other services of which they are part investors by virtue of their Metropolitan insurance; all of them were interested in the success of the war effort at the time, which was being aided by the invested funds.
However, the whole life insurance and most of the term life insurance given to soldiers was much different than that given to the common man, due to the combined factors of their service to the country and their altered mortality rate. The diversification and geographical distribution of the Metropolitan’s investments were not only important safety factors, but also indicated that the company recognized the needs of the communities from which the premium money had come, and put it back to work in those regions so far as appropriate investments were available.
The way in which the company had distributed its investments in relation to the origin of the funds was well illustrated by the fact that the company’s Canadian investments were in excess of its Canadian reserves, and that the amount of investments exceeded the reserve in every state except the New England States and a few others, where the local supply of investment funds was plentiful.
For almost half a century Frederick H. Ecker skillfully and resourcefully guided the investment program of the company, giving it continuity of policy and unity of direction. The company was fortunate, also, in the men in charge of the various investment departments working under the guidance of Mr. Ecker. The company’s farm loan division was under the direction of third Vice-President Glenn E. Rogers for more than a decade, and the housing projects were under the management of George Gove starting from 1938.
The ability to give online life insurance quotes did not come until much later. The important role played by the company’s directors in determining its investment policy is too often overlooked.
Writer : Allison Ryan
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