Statement of Significance (as of designation - May 15, 1975):
Built in 1921, this building was the second home office of the North Carolina Mutual Life Insurance Company, which was founded in 1898. This company evolved out of a tradition of mutual benefit societies and fraternal organizations which by the 20th century had become the most important social institutions in Afro-American life, with the exception of the church. From the beginning, the Mutual symbolized racial progress and is an institutional legacy of the ideas of racial solidarity and self-help.
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