Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1907-01-30
INSURANCE IN FORCE

Notwithstanding the much greater
volume of Insurance at risk, the NOR
tally experience differs insignificantly
from the total Of the previous year,
notices Of death having been received
under $716,176.2 Insurance held, which
is but s36409 more than in 1905. and
toward which attention may be direct
ed as reasonable evidence of care in
looking after the details of the bust
ness.
In the payment of claims the man.
agement endeavors to exercise both
caution and promptness-watchful that
identity and death shall be esta blished,
and, thereafter, anxious that the funds
shall be speedily in the possession of
the rightful beneficiaries. RealiZa-
ton is never absent, when these mat
tiers are under consideration, of the un-
DERIVING and controlling reason for the
existence of Life Insurance-the pro-
lection of homes, nor is there ever
other thought than to fulfil. conscien-
tiously and scrupulously, the faith of
those who arc gone.
Guided by these principles and mind
full always OF the welfare Of those who
constitute the institution-the policy
holders, payments were made under
Policies during 1906 to those entitled to
receive them, chiefly as beneficiaries in
death claims. but also in variety of
other ways, of s1.302,57 In all the
fifty-seven years that the Union Mu-
tual has been in business it has paid to
pol.cyholders S39, 164, o9S22. an aggre-
gate less difficult to realize. financially.
in these days of larger things. than to
form even rneagcr conception of the
far-reaching influences for good which
it has set in motion, of the homes that
it has saved. of the children that it has
educated, of the hardships that it has
prevented.
An important subdivision Of Death
Claims paid is formed by the settle
menrs under Policies that have been
kept in force through the operation of
the Maine Non Forfeiture Law, which.
during the twenty-nine years that it
has been effective, has unfailingly
yielded valuable protective returns
under Union Mutual Policies which
would otherwise have expired. FIRE.
ducntly this has been without the
knowledge of the person insured, for
the feature is automatic In action, but
never without the appreciation, if
death occurs. OF those who benefit I'M
der the Policies so saved. Many a
man, under the sway Of misfortune or
the calls upon a scanty income, per-
mits neglect to rule; but, through his
oversight be utter, after Policies have
been III force for three or more full
years by the payment of premiums in
cash. the Insurance still remain good
for quite period, varying under diff
ferent plans and ages. 1t has spread
sunshine in many a darkened house
hold; it has carried courage to many a
care-lined widow.
Twenty Death Claims, representing
s42, 763. % Insurance, were paid during
1906 under Policies that were kept in
force entirely by the terms Of the
Maine Non-Forfeiture Law, which,
since it was enacted, has been the
| means of saving for beneficiaries
81, 100. 925.75 Insurance under 559 claims.
In September the President invited
Hon. S. w. Carr, Insurance Commits
sioner Of Maine, to make an examina-
ton of the Company, suggesting that,
il agreeable to him, he invite Com
missioners of other states to partici-
pate in the examination. The invita-
ton of the Maine Commissioner was ac-
cepted by the Commissioners of Col
orado, Massachusetts and Virginia, and,
after thoroughly inspecting every de-
tan Of its business. they united in
stating on December 2lst that "the
Company's treatment of its policy
holders was found in all cases to be
equitable" that sit Is matter Of
qualification to the Commissioners to
note the Examiners findings that
there has been no diversion Of funds
! for political or other improper pur-
poses," and that "the examination re-
vealed nothing to indicate that the