.jpg) Atlanta Life Insurance Company Building, Sweet Auburn Historic District | |
| Predecessor | The Atlanta Benevolent and Protective Association |
|---|---|
| Founded | 1922 as Atlanta Life, 1905 as Atlanta Mutual, |
| Founder | Alonzo Herndon |
| Website | https://atlantalife.com/ |
The Atlanta Life Financial Group was founded by Alonzo Herndon in Atlanta, Georgia. Born into slavery, he started in Atlanta as a young barber, eventually owning three shops. He became Atlanta's richest African American and a highly successful businessman. For many years, the life insurance company was one of the most prominent African-American businesses in the United States. The demolished public housing project Herndon Homes was named for Herndon.
In 1905 Herndon purchased The Atlanta Benevolent and Protective Association (later called Atlanta Mutual) for $140, depositing $5000 (equivalent to $170,000 in 2023) with the state under their requirement for a kind of guarantee fund. In 1922 this was renamed the Atlanta Life Insurance Company.[1] Herndon expanded the company with branches in numerous other Southern states.
The Atlanta Life Insurance Company building (built 1920) at 148 Auburn Avenue, near the corner of Piedmont Avenue, is part of the Martin Luther King Jr. National Historical Park.[2]
- ^ Atlanta Life Financial Group Archived August 31, 2007, at the Wayback Machine
- ^ Official National Park Service Map of Martin Luther King, Jr., National Historic Site & Preservation District Archived August 21, 2014, at the Wayback Machine