Manhattan Life Insurance Co. - 1968 dated Insurance Stock Certificate
Inv# IS1068 Stock
Stock printed by American Bank Note Company. ManhattanLife began as The Manhattan Life Insurance Company, a life insurance company domiciled in New York. It operates as a subsidiary of Manhattan Life Group in Houston, Texas. ManhattanLife is the brand name for plans, products, and services provided by one or more of the subsidiaries and affiliate companies of Manhattan Life Group Inc.
Manhattan Life was incorporated on May 29, 1850, capitalizing on the recent trend of buying life insurance. Alonzo Alvord was its first President, a serial entrepreneur who started as a haberdasher, had been an insurance agent and insurance company officer for about three years, and dabbled in politics. Read more at https://en.wikipedia.org/wiki/Manhattan_Life_Insurance_Company
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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