WALTER E. "WALT" DISNEY - DOCUMENT SIGNED CO-SIGNED BY: RAYMOND A. DISNEY, RUBA GATES - HFSID 350348
WALT DISNEY and RAYMOND DISNEY
Planning to buy insurance from his older brother Raymond, Walt signs an application for a life insurance policy (also signed by Raymond). Framed by the Gallery of History with an unsigned picture of Walt Disney with Mickey Mouse.
Partly Printed DS: "Walter E. Disney", "Geo. E. Morris" as Secretary of Walt Disney Productions and "Raymond A. Disney" as Soliciting Agent, 1 page, 9 x 13¾. Framed to overall size of 33¼ x 22¾. No place (probably Los Angeles), no date (c. 1938-1943, the tenure of Morris). "Application for Insurance in/Connecticut General Life Insurance Company". Other than the signatures, the application has not been filled out. Walter Elias Disney took out insurance policies as he became more successful with Walt Disney Productions. Disney Productions developed in the 1930s. Disney would use his insurance policies as collateral to raise cash in 1952 in order to plan and build Disneyland (1955). Walt purchased his policies from his older brother, Raymond. Raymond had left home when he was 17 and eventually started an insurance agency in Chicago. Walt and brother Roy, who was Walt's partner in the production company, saw an influx of Disney relatives -- Ray moved his agency from Chicago to Los Angeles. Their oldest brother Herbert planned to retire there and sent his daughter to Walt and Roy for a job. The senior Disneys (Elias and Flora) moved from Oregon to a California home that Walt and Roy bought for them. Disneyland evolved over a period of nearly 20 years. In 1952, Walt organized WED Enterprises, Inc. to begin planning his dream amusement park. Disneyland opened on July 17, 1955. Although we do not know if Connecticut General ever accepted Walt Disney as a client, we do know that in March 1940 he had a $50,000 ordinary life insurance policy with Manufacturer's Life Insurance. That policy had an "Automatic Premium Loan" that was available to Disney under the terms of the policy. Embossed seal touches the "D" in Disney. ¼ paper separation at bottom, staple hole upper left. Fine condition. Framed by the Gallery of History. Accompanied by Phil Sears LOA.
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