Peoples Life Insurance Co. - 1960's dated Stock Certificate - Glue Residue at Left
Inv# GS1204 Stock
Insurance Stock printed by E.A. Wright Bank Note Co., Phila. Washington, D. C. Nice vignette of insurance headquarters building. Shows some glue at left border. Company was acquired by Capital Holding Corporation.
Capital Holding Corporation is a major provider of insurance and other financial services in the United States, Europe, and the Far East. The firm’s predecessor and now its largest subsidiary, Commonwealth Life Insurance Company, traces its heritage back to the turn of the century, when the company sold its first life insurance policy to one of its own employees. It was restructured under the present name in 1969 in order to make it easier for the firm to grow through the acquisition of other companies. The company offers health, life, property, and casualty insurance through a combination of personal sales and direct marketing and also provides consumer banking and investment services. The company is one of the ten largest stockholder-owned life insurance companies in the United States. Read more at https://www.encyclopedia.com/books/politics-and-business-magazines/capital-holding-corporation
Also read more at https://casetext.com/admin-law/peoples-life-insurance-coof-washington-dc
A stock certificate is issued by businesses, usually companies. A stock is part of the permanent finance of a business. Normally, they are never repaid, and the investor can recover his/her money only by selling to another investor. Most stocks, or also called shares, earn dividends, at the business's discretion, depending on how well it has traded. A stockholder or shareholder is a part-owner of the business that issued the stock certificates.
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