The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1896-01-29
Union Mutual Life
Insurance Co.,
PORTLAND, MAINE.
Report of the Directors
To the Policy Holders at the Annual Meet
ing, January rs, 1896.
PORTLAND, MAINE.

The Forty-sixth Annual Report for the
year ending December 81, 1895, herewith
submitted, makes manifest the con-
tinued, regular growth of the Company's
membership and resources.
1t is the record Of a year Of prosperity
for our Company, and we believe you
will share our satisfaction with the re-
suits achieved.
Increases have beer made in Assets,
surplus and Insurance in Force; the
Premium Income shows an increase to
VI, o4O, s4o.77, and the Interest Receipts,
Rents, and other income added to that
sum exhibit q total revenue Of 81, $50, 1O9. :
80, gain of s33, 1854. 04 as compared with
the previous year.
There have been written during the
year Q, oS9 Policies representing IS, 061, 1853
of Insurance, showing an increase of
7ca Policies and decreass Of sso7, sol. Of
Insurance as compared with the previous
year.
The total number of Policies and
amount Of Insurance in Force on the
books of the Company have increased
from 1850 Policies Of $36, 312, 041. "a on
December 81, 1894, to 90, GIG Policies Of
s3e. 932, 14S.0S N December 81, 1896. a gain
Of |, 566 Policies Of $500, 106. "A Of Insur-
ance.
The Officers of the Company have con-
stantly impressed upon its Agents thu de.
STABILITY of writing small Policies in in
creased numbers. bearing in mind that
quality is of greater Importance than
quantity.
The iarge increase in number of Poll
cies, and slight decrease in amount Of
Insurance written, prove that our views
have prevailed throughout the Agency
field, and afford US much satisfaction.
We have adhered to our policy of offer
ing no bonuses or extra allowances as in
ducements. to our Agents to secure a
large volume of New Business, and the
wisdom Of this action ia demonstrated by
the marked decrease Of lapsed and not
taken Policies.
1t is our aim that the growth of our
business shall be healthy and unforced,
and fully realizing that the amount of
New Business written should be in
proportion to the amount of business al
ready in force on the books of the Com
pany. and that reaching out into new
fields always means increased expense, 1t
Is our determination to conflne ourselves
to territory no. occupied, and to pro-
cure only such business as we believe to
be from the standpoint of character and
quantity, for the interest of our Com
pany to place upon its books. y
The amount Of New Insurance written
upon the lives of residents of our Home
State was the largest of any year in the
history of the Company, 1898 Policies
having been written covering 81, 164, 1894.
OF Insurance, an increase over the pre-.
vious year of SOP Policies representing
S176, 219. of Insurance. This record is
convincing proof of the popularity OF the
Com pany where it is best known.
The Payments to Policy holders during
1895 amounted to s73s, 1896 80. making the
total Payments to Policy holders from
date of organization of the COMPANY to
December 81, 1895. $2S. 5S7. 300. 70. 8
All Policy holders of this Company ara
protected by the Maine Non Forfeiture
Law, your Directors having by their ac-
tion made its provisions applicable to
Policies issued prior to It's enactment.
Two hundred and ninety seven claims
representing Insurance of $3.50, 20S. IS
have been paid under it's terms During
the year there were paid 81 claims
amounting to $40, 71a.41 Of Insurance
the period of time intervening between
lapse of Policy and death of Insured yary
ing from minimum of two months to o
maximum of seven years, striking IL
lustration of its invaluable provisions,
which apply only to Policies Issued BY
this Company.
All Notices of Death received during
the year have been treated as liability.
in accordance with the established Gus
tom of the Company.
The Notices for 1895 covered s498. 969. 90
of Insurance, the average amount of In
surance in Force during the year being
$50, 622, 095 This demonstrates the fact
that although the Notices were for a
somewhat larger amount than in 1894, it
was less than the average for the proceed
ing five years, when compared with the
average amount of Insurance in Force
during that period, which was $31, O56, 49,,
with an average amount of Notices of
$3.50, 26S.
In the experience of business life there
occur months and years when the at
tention of the public is diverted from
and almost refuses to return to, the ordi-
nary channels. At such times the incli-
nation becomes general to rest and wait
for clearer sky before embarkine in
new enterprises which involve new obli-
cations and liabilities
Such periods are disappointing to thoss
equipped and prepared for commercial
activity, for the reason that the usnal