Included in this series are a variety of financial reports and statements, inter-office correspondence (mainly memos), meeting minutes, and reports. These records show in detail how the company developed and expanded as a subsidiary of The Liberty Corporation from 1967 through the late 1980s.

Much of the material in this series belongs to the Finance and Investment Committees. The Finance Committee (1968-1989) handled the business transactions of the insurance company. Included in the records are minutes of the meetings, reports of mortgage loan applications, security analysis and recommendations for various stocks and bonds, schedules (reports or summaries) of security transactions, cash flow statements, underwriting worksheets, summaries of capital gains and losses, and some memos. There is information related to projects of the Liberty Property Group, as well as Liberty Advisors, Inc. and Southern Life Insurance Company. The minutes for the years 1979-1982 are missing.

Material in the Investment Committee (1967-1990), which oversaw the company’s investments, include minutes of the meetings, cash statements, group maturities, group commitments, bank balances, mortgage loan reports, fixed income securities, stock transactions, and weekly investment letters. The common stock reports contain information on common stock portfolio performances, monthly common stock reports, common stock basic data, common stock recommendations, quarterly warrant reports, and convertible bond reports from 1967-1969. In 1990 the Investment and Finance Committees merged; the records of the “new” Investment Committee contain cash statements, meeting minutes, memos, mortgage loan applications reports, mortgage loan activity reports, performance histories, and schedules of security transactions, as well as reports on bond purchases, fixed income swap transactions, and other invested assets. There is some information concerning Liberty Capital Investors, Inc.

Memos in the Management Committee’s (1967-1982) files cover such topics as a proposal to encourage greater utilization of settlement option provisions in Liberty Life’s policies, the merger of Cosmos Broadcasting Corporation and The Liberty Corporation, interest under settlement options, policy loan interest rates, reserves on thrift policies, the LOMA Inter-Company Cost Comparison Analysis, the future of The Southeastern Life Insurance Company, and recommended changes to the group insurance plan. Some of the topics covered in the minutes include Southeastern, the LOMA analysis, the Direct Marketing Plan, the Operations Improvement Program, the Health Maintenance Program—Carolina Health and Medical Plan (CHAMP), a proposed Combination Basic Training Program, Ordinary Agency Department Plans, affirmative action, and policy loan interest rates. Also included is the 1979-1981 Strategic and Tactical Plans Report and an attitude survey.

Memos in the Insurance Committee’s (1970-1975) files are concerned with the routine matters of Liberty Life’s policies and procedures regarding insurance. An ordinary lapse study and an inventory of job attitudes are filed within these memos. Some of the topics discussed in the meeting minutes are revisions of the Salary Savings Plan, Family Plan Conversions, Ordinary Agency Department Expansion Plans, the Ordinary System Quality Control Program, ACP rule changes, and the job attitudes inventory. Task forces under this committee dealt with specific issues, such as Fair Credit Reporting, the ACP rule changes, the Operation Extra Protection Campaign, Thrift Savings Plans, the Emergency Draft Policy, the Ordinary Rate Book, Operation “Automatic Ordinary,” Policy Loan Agreements, and Incentive Underwriting; their minutes are part of the Committee’s records.

The memos of the Operations Committee (1968-1984) cover such topics as reviews of policy changes, Universal Life Plan and Universal Life Salary Savings. The minutes of the meetings are concerned with such items as the Thrift Extra Income Hospital Policy, privacy legislation, variable loan and policy loan interest rates, the branch office mail analysis report, Universal Life, the status report on the marketing study, policy amendments and task force reports.

The Marketing Committee (1977-1983) handled all phases of Liberty Life’s marketing. Meeting minutes include discussions of underwriting practices, a Long Term Disability Reinsurance Treaty with Combined Insurance Company of America, a Minimum Premium Plan for Dan River Mills, the Ordinary Department’s Profitability Study and Long-range Plan, the Liberty Life Marketing Plan, and the LIMA Marketing Study, as well as branch office profitability reports and reviews of budget projections. Other topics reflected in these records include the Combination Department’s Long-range Plans, Socio-Economic Underwriting, and Universal Life Products. There are also some analyses of insurance operations and a FTC Life Insurance Questionnaire.

The Products Development Committee (1975-1980) was responsible for maintaining a modern and up-to-date series of complete and competitive products. The committee’s inter-office correspondence consists of memos where such topics as the Premium Deposit Fund, the Voluntary Tax Sheltered Deferred Compensation Plan, the Thrift Cancer Policy, policy loan interest rates, savings and loan profitability (a report on this is included in the records), and making changes in the new Thrift Rate Book are discussed. Items covered in the minutes of the meetings include the proposed Individual Retirement Annuity (IRA) product, the Thrift Rate Book, and the proposed Consumer Insurance Information and Fairness Act.

The memos of the Retirement Committee (1967-1974) cover such topics as group life and estate taxes, rules from retirement plans, Liberty Life Group Health Coverage, fringe benefits plan comparisons, the employee benefits program, and the Pension Reform Act. Subjects covered by the minutes include disability, the profit-sharing plan (including distribution and formula proposals), forfeitures, and the employee benefits program.

In 1975 the Retirement Committee became the Employee Benefits Committee. Included in the Committee (1975-1982) records are memos covering such topics as group plan revisions, disability benefits, profit sharing conversions and formula proposals, supplemental group life plans, Career Handbook revisions, a proposal to include Piedmont Health Care HMO in Liberty’s Medical Benefits Plan, and a Disability Study. Some of the policies and plans mentioned include the Pregnancy Disability and Leave of Absence Policy, the Group Voluntary Accident Insurance Plan, the Deferred Compensation Plan, and the Long-term Disability Plan. The minutes deal with such topics as altering the pension plan, amendments to and proposed formulas for the Profit-sharing Plan, and the Amendments to the Liberty Welfare Plan concerning age discrimination, a ban on pregnancy discrimination, and South Carolina group conversions.

The Profit-sharing Committee (1973-1982) was responsible for Liberty Life’s Profit-sharing Trust or Plan in which the employees participated. Some of the topics covered in the minutes include the status of or changes in investments, the profit-sharing formula, increasing benefits for retired employees, re-evaluation of the trust, the portfolio strategy, the profit-sharing investment policy, profit-sharing conversion rates, and the review performance profile.

Also in this series is material on committees that handled the daily operations and procedures of the insurance company such as advertising/public relations campaigns, communications, customer service, data processing, internal control. Two important campaigns documented here are the Health Hazard Appraisal Campaign (forms which helped people to figure out the status of their health) and the Liberty Life Print Campaign (free-fall inserts with nutrition scoreboards on the front and advertisements on the back which were circulated in newspapers or distributed by employees). In addition, this series contains the records of different task forces that dealt with a variety of issues such as computerization, equities, general agency marketing, investment, pensions, reducing corporate expenditures, Southern Life, and Universal life insurance.

Oversize items include two plans, and a 1967 listing of securities owned by the Liberty Life Insurance Company. There are also 33 photographs of different properties owned by Liberty Life Insurance Company.