Newspapers / The Fieldcrest Mill Whistle … / Nov. 19, 1956, edition 1 / Page 5
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AVERAGE AMOUNT OF LIFE INSURANCE PER EMPLOYEE IN FIELDGREST GROUP PLAN France fill important insurance need. Pro- a l/Cm L XHo A X V Action in the higher amounts is afford “ through the employee’s working '®ars when the need is greatest be- «Use of family responsibilities. ^hen the employee retires under the Pension plan, group life insurance con- tinui for in the amount of $1,000, paid entirely by the Company. ^^When you stop to think of it, Field- est group life insurance is one of the deals you could possibly get. The j,. ® of the group and the advantages of dcrest’s wholesale purchasing pow- ®ake it possible to buy the coverage ''ery attractive rates. The fact that • Company shares the premium j ®kes a further reduction in the cost ° the employee. Under our plan, employees pay for ® insurance at the rate of 56 cents the ^ 4800. 4200. 3600. 3000 2 400 1800 I 200. 600. 1935 1940 1945 1950 1956 Per ^>gui an Part •^onth per $1,000, an amazingly low ‘fe compared with the premium on individual policy. The employee’s of the cost is contributed through Payroll deduction, fi'oof that Fieldcresters recognize the e of group insurance is seen in the that, although the plan is volun- yalui *5ct virtually 100% of the employees ®®^ticipate. *^roup Insurance is particularly ad- (itageous to older workers who for ysical reasons might not be able to buy individual life insurance. Also, since Group Insurance is based on the average age of the employee-group, protection is afforded older workers without the high premiums their age would require for individual policies. Another big advantage of the Field- crest plan is that is is administered locally, by our Industrial Relations Department. Claims for benefits are paid promptly. All checks are written at Spray and even death claims of $10,000 y’ '>»$ V are paid from the Industrial Relations Department, immediately upon proof of death. Individual certificates are issued to all participants in the plan. These cer tificates include details regarding the benefits. Also, each employee has been given a booklet describing our group insurance program. Employees with any questions about the plan are invited to see a representative of the Industrial Relations Department. m J Bobby L. Griffin, ®eene Purcell, foreman. WEEKLY insurance benefit check is received by Hazel Powell, out of work due to illness. RETIREES, like W. J. Heffinger, receive $1000 group life insurance paid for by the Company. “Monday, November 19, i956
The Fieldcrest Mill Whistle (Spray, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 19, 1956, edition 1
5
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