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Founder
A. Maceo Walker was an African-American businessman who led expansion of the Universal Life Insurance Company, founded by his farther Joseph Edison Walker in Memphis, Tennessee. together with his father, he founded the Tri-state Bank of Memphis, still a going concern. -
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Open For Business
in 1946 Maceo and his father opened the Tri-State bank and trust company -
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President
Walker ran the Universal Life Insurance Company until 1983, when he turned over the leadership to his daughter Patricia Walker-Shaw. -
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Death
Upon his father's death in 1958, the younger Walker also became president of Tri-State Bank. -
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ULIC
Walker became president of the Universal Life Insurance Company. -
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Why
insurance companies were losing money with the two life insurance offered because they preferred one over the other. companies then decided to bundle the two so they wouldn't lose the money. -
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Death
Upon his daughter's death in 1985, Walker resumed his position as president until he retired for the last time in 1990. -
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variable universal life insurance
the great bond massacre happen so people didn't trust their money any where. -
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today universal life insurance
Index universal life was created so people would trust it more. with it was put with a index and if the index dropped money would remain the same but if it improved the money would improve.