Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1911-01-18

usually well within expectations, lndl-
eating careful and conservative selec-
ton of risks. During 1910, i67 Death
Claims were paid, representing S734,-
443.5I Insurance This is Si9,10S. -
mere than in the previous year, but
such increases are probable as the
years go along because of the growing
volume of Insurance in Force. Care
and despatch are always. given To the
examination Of proofs of death, and
every worthy case is promptly paid.
Returns tn Policyhoiters We're also
made in the form ot dividends, En-
dowments, surrender values. etc. in
the amount of G62,E40.3i. so that the
entire payments to I'olicyholders in
1ti9 aggregated 81. 1896, 9s3S5, making
the total for the SiXty-one wears th"t
the Company has been transacting
business, 4.32S ,G76.5S. practically all
of which has been placed i'll the hands
Of those entitled to receive it lar more
speedily than any other funds have
been available, executing its mission
Of helpfulness without delay ar en-
harrassins techniealitN.
If it were possible for every man
low his part Of the contract, which con-
sists merely of paying premiums reg
ularly, Life Insurance results would be
even more satisfactory than they are.
but experience is constantly demon-
stratng that many falter in the per-
formance Of this simple duty. some
times wholly through neglect. more az
ten because of misfortune. An import
ant feature of Union Mutual Policies,
after premiums for three full years
have been paid in cash, is th:tt tAey
do not become worthless though dlsre-
gardeG. the protection being continued
Tor. such a period as the value or tNe
contract under the extended insurance
feature will provide. unless som" other
COTTON be selected. Year after year,
through the more than three decades
that this provision has been operative
Substantial sums of insurance have
thus been saved for beneticiaries. the
total amount paid upon Poicies kept
in force solely by this privilege. ana
under which death occurred WITHIN the
period of extension, having reacheo'
at the close Of 1910. $l,26S,6so.s5, rep
resentedshy ga Policies. ThirtN-ioui
OF these helpful payments We're mace
during the past year. covering soo'aoo'-
AZ insurance. AS the circumstances
which make the extended insurance
feature effective are usually those OF
Individual adversely. in all likelihood
the money derived from these settle
nsants has reached families particular
II, in need of funds where comfort has
been absart. and so has been OF more
tban the ordinary benefit which al
WAYS follows the payment of Life IN
surance.
The growing tendency to borrow
money on aocol'nt of Life Insurance
i,oiicies IS noted with concern LOT the
interests of boneficiaries. Such ioai'
represents a mortgage upon man
nassessions jus. as certainly as does
NANCY borrowed upon real estate. Inc
only Unsuitable purpose fer when
l.oucv loan should be securea Is u
moot a nrcmium which cannot othcr-
VICE he Maid. Most Policies are TAKEN
for The protection of famihes. Money
occurred on account of such a con.racl
l-7eeus the fund for the future in or
Tor ,t,at y nresert and frequently I'M
,,.,rort..nt call may be met, deprlSHs
ones wife of portion OF the proeee-
tion shc has every right to expect VIA
no maintained intact, not TO nithtioii
other WAYS in which it might disao-
yantagrously operate. The privilege OF
,,,atxino ioars is an este blished feature