Out of work for several weeks because of illness, Melvin Tucker, left, is shown as he receives an
insurance check February 25, on the 20th anniversary of our group insurance program. R. L. Wilkes,
personnel manager who administers the insurance plan, presents the check. At left, Doris Brown,
insurance clerk and at right, Macon P. Miller, director of industrial and public relations.
Fieldcrest Mills ’ Group Insurance Plan
Observes 20th Anniversary
Fieldcrest Mills’ group insurance program is 20 years old.
group Life and Accident and Health plans were put into
®^ect February 25, 1933 and since that time almost $2 million
been paid to employees and beneficiaries.
The program, underwritten by the Equitable Life Assiu:-
Society of the United States, protects employees in the
of death, illness or off-the-job injury. By remarkable
®'^onomies made possible by the size of the group and the use
Fieldcrest’s wholesale purchasing power these benefits are
®®cured at unusually low cost. Premiums are shared by the
®*ftployees and the Company.
, Under the plan at Fieldcrest, employees hold life insurance
the amount of from $1000 to $5000 and pay weekly pre-
j^Ums of 13 cents per $1000. The amount of life insurance is
“®sed on the employee’s earnings and it is interesting to note
more than one-half of all Fieldcrest workers qualify for
® $5000 insurance.
No medical examination is required if employees sub-
for insurance within 31 days from the date of employ-
Therefore protection is available to those who for phy-
^ical reasons cannot buy individual life insurance. Since group
^surance is based on the average age of the employee-group,
protection is afforded older workers without the high pre-
their age would require for individual policies.
In addition to low-cost life insurance, another attractive
Mature of the Fieldcrest plan is that it provides income for
®%loyees when they are out of work because of sickness or
that occurred off of the job.
^ONDAY, march 2, 1953
Let’s say there Is an employee called “Joe” who works in
one of the mills at Spray. His average weekly earnings are $61
and his premium for Accident and Health insurance is 32
cents a week. Joe catches “flu” which leads to pneumonia and
complications; so Joe is out of work for a long time. While he
is thus disabled his group insurance at the mill pays him $20
a week for up to 13 weeks.
Accident and Health premiums and benefits are on a
sliding scale based on average weekly earnings for the four
weeks immediately preceding the week in which the dis
ability commenced. Overtime earnings, if any, are included
in arriving at the average.
Group insurance is administered by our Industrial and
Public Relations department. All claims are paid from Spray.
Even death claims of $5,000 are paid from the Spray office
immediately upon proof of death.
Fieldcrest’s group Life and Health and Accident insur
ance covers all employees of the Division, the mills and offices
in the Tri-Cities and Fieldale; and the sales offices in New
York, Chicago, Los Angeles and San Francisco.
The insurance provides all-embracing security against the
hazards of serious illness, disabling accident and premature
death. The fact that over 99% of the employees participate in
the voluntary program is convincing evidence of its value. The
success of the plans is a fine example of cooperation between
employees and management.
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