Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1910-01-19


he which insurance payments everywhere accomplish
- that practically every dollar had part in alternating
IT'S suffering and that communities and the country at
large much the better off because of these pay
ments.
Only the more fortunate individuals 60 through
' life without hardship which most frequently takes
~ financial form In recognition Of this truth, Union
Mutual Policies have for thirty-two years contained
provision which, under the conditions enumerated
therein keeps the insurance valid when trials multi
ply and adversely blots the outlook. So popular has
this extended insurance feature become that it is
now incorporated in the laws Of most Of the states
and is given rank one Of the important values Of
contract In 1909, solely through its operation, the
Union Mutual paid 20 Death Claims covering $4,000
Insurance. For period averaging three and two
thirds years no premiums had been paid upon these
n Policies, and yet when death came they had full
% value During the time that the extended insurance
us privilege been part Of Union Mutual Policies
az $40 claims. representing Insurance have
been settled through the direct outcome Of its protec
tion. No payments made by Life Insurance Com
pany reach aprreciative beneciares than those
nAv0hs08CVuo
n misfortune has been the active partner,
leaves little that is Of value to his family and when.
under such conditions, policy of unrealized worth
:, yields ready cash, rejoicing seems warranted.
Taxation Of premiums continues heavy charge
upon the business In some states this burden is es
pecialy excessive; in few it reasonable 1t repre-
is sents outlay which has definite bearing upon the
cost Of insurance thus vitality touching the interests
Ia of all who carry Policies II those who insured
!. will opportunities of giving legislators clearer
understanding of this matter and endeavor to i'm
press upon them the desrability of modification at
Of least partial relief may eventually be secured.
II With the beginning Of 1910 some changes have
or been made among the field workers. The present
forces enthusiastic, loyal and ambitious, and
with the efforts that being exerted to improve
and more thoroughly systematic the agency organi-
zation there is than the ordinary basis for
t. ticipating steadily growing volume Of New Insur-
7e ance.
One year the management expressed the belief
that period of broadening prosperity before the
:. Union Mutual Life Insurance Co. In the time that
since elapsed the truth Of this forecast has been
: well demonstrated yet the hope is strong and well
IS founded that still larger advancement will be
corded the years pass and that in all ways which
is progress this institution in its sixty
a first year will continue to maintain the careful be
raj and conservative position has long occupied
Respectfully submitted.
FRED E. RICHARDS President.
ARTHUR L. BATES, VicePresdent.
EDWARD A. MOVES,
al FREDERICK RoBIE,
T. FRANK E. ALLEN,
at SELDEN CoNNoR
DAVID G. HAMILTON
- J.. FRANK LANG,
n HENRY B. CLEAvEs
III JOSIAH II. DRuMxoND,
es WILLIAM T. COBB,
is EDWARD b. WINsLow, Directors
Cd PORTLAND, MAINE January IS, 1910.