Fieldcrest Employees Have:
$2 5-Million In Group Life 1
H
OW MUCH is 25 million dollars?
Well, it’s big money, and more than
most of us ever saw. Except for trans
lating it into so many homes or auto
mobiles that it would buy, it is hard
for us to visualize such a huge sum.
But the $25-million we’re talking
about is real. It belongs to FieMcrest
employees. It’s the amount of life in
surance in force for Fieldcrest em
ployees under our Group Insurance
plan.
Group Insurance for Fieldcrest em
ployees provides benefits in the event
of death, sickness or off-the-job in
jury. Life insurance starts at $2,000
and goes to $10,000. The amount of in
surance is based on the employee’s
earnings. A large number of produc
tion employees have $7,000 and the
average amount of life insurance held
is nearly $5,000.
The graph on facing page shows the
tremendous increase in the amount of
life insurance per employee in recent
years.
In addition to low-cost life insurance,
another attractive feature of the Field
crest plan is that it provides income for
SECURITY for the Jesse Kennon family is provided by Fieldcrest life insurance.
Mr. and Mrs. Kennon, of Draper mills, together have $10,000 in group msurance.
employees when they are out of W
because of sickness or injury
curred off the job. Weekly a^ci
and sickness benefits are based on
erage earnings of the employee.
dol'
Approximately a quarter-million - ^
irs in life insurance and accident ^
sickness benefits will be paid in
to Fieldcrest employees and their
lies.
ibis
Because Fieldcrest continually
to make this a good place to work,
Company has been among the ,
in the textile industry in establisl^'^jJj
employee benefit plans to increase
security of the men and women
work here. Fieldcrest instituted
Group Insurance Plan in 1933 and f ^
the beginning has shared the cost
the employee.
The plan is underwritten by
Equitable Life Assurance Society .
the United States, one of the
insurance companies in the worldi
the originator of group insurance-
Fieldcrest plan is one of the oldest
largest in the State and provides
a'''
iii-'
fits much higher than those of the
erage group insurance plan in the
tile industry. ,
Group Life Insurance goes into
on the first day at work for those
subscribe for the coverage. It pr°'?
an easy and economical way to
GROUP INSURANCE takes effect o»
a new employee, is handed group i®®
FIELDCREST MILL WHlS'T^
4