The Republican journal., 1911-02-02
81 ST ANNUAL REPORT OF
Union Mutual Life Insurance CA
PORTLAND, MAINE.

.4AuV
HE S1xTY-FIRST ANNUAL REPORT of the Directors
of the UNION MUTUAL LIFE INSURANCE COM
PANY to Policyholders is herewith submitted.
Steady advancement was made during 1910 in every
department of the Company The year not one in
which conditions conducive unusual increases the
results in commercial pursuits having been hardly
normal while the difficulties of conducting the business of
Life Insurance, particularly in securing capable agents.
remain undiminhed consequence of which the
ment finds satisfaction in the progress recorded.
An important of growth is New Insurance paid
for the figures of which for the year 2672 Policies
$52os5 Insurance. the gain being 52S Policies sS52s6s
Insurance, 1909.
In the State of Maine s7795s9.n New Insurance
delivered increase of $685. indicating the favor
able in which the institution is regarded where it
is best known. In of the other territory where the
Company represented reasonable advances shown
in this branch of the business.
TIE financial growth continued marked and substantial
Notwithstanding 1910 year of declining security
values the apprasemert of bonds and stocks made by
Messrs Edmunds Brothers of Boston, Mass show that the
Assets increased sOs2 2sO15 during the year. and the
Surplus of above Liabilities gained $220s1s
the Assets being December 81 1910 and
the Surplus SIS 446.39.
The Premium Income was larger than year
before standing 1928 dividends from
investments and rents also greater the Total Income
reaching 81 9s4, 1883.
Looking back to the time when the present management
took charge of the affairs Company
of the accomplishments during that period will
illustrate the growth of the institution; the Assets
than two and one-half times what they them
the Surplus six and onehalf times greater the Total
Income is two and times larger and the lnsur
in Force nearly twice what that time with
the number of Poieyhoders than doubled
The purposes Life Insurance is possessed are
its usefulness extending into all lines of business
ALWAYS
underlying factor Motives of this high type have brought
together the 45, 1872 Polcyhoders who compose
pany and who carry upon their lives
every contract representing definite object
accomplished worthy intention be fulfilled some
cherished idea to completed.
In the of every year Insurance will neces-
sarily reach maturity by death, and whenever such
circumstance comes to the orehought of the Policy
holder in arranging financial has recog
ton by the family Impossible it designate the
particular individuals who will die within given year, it
is nevertheless true that the number deaths will be
close expected percentage which can be determined
by actuarial calculations The mortality experience of the
Company has never been excessive but usually well within
expectations indicating careful and
risks During 1870 467 Death Claims paid, repre-
senting 44351 Insurance This is $40 0s9 than
in the previous year, but such increases probable
along because of the growing volume of Insurance
in Force Care and dispatch always given ex
animation of proofs of DEATH and every worthy is
promptly paid.
Pocyhoders were also made in the form of
dividends, Endowments surrender values ETC., in the
of 1862 4O34 that the entire payments Policy
holders in 1910 aggregated 81 1885, making the
for the that the Company has been
sacting business $4 1928 65s practically all which has
been placed in the hands of those entitled
speedily than other funds have been available
executing its mission of helpfuness without delay or
embarrassing technicaity.
If it possible for every who Policy to
faithfully follow his part of the which consists
merely of paying premiums regularly, Life Insurance
suits would be satisfactory than they are
experience constantly demonstrating that many fater
the performance of this simple duty sometimes wholly
through neglect often because of misfortune An
important feature of Union Mutual Policies premiums
for three full years have been paid cash. they do
not become worthless though dsregarded protection
being continued for such period the value of the
tract under the extended insurance will provide
unless other option be selected Year after year.
through the than three decades this provision
has been operative substantial of insurance have thus
been saved for benefcaries, the total paid upon
Policies kept in force solely by this privilege and
which death occurred within the period of extension,
having reached at the close of 1870 s2696sO5 repre-
sented 6 Policies Thirty of these helpful payments
made during the past covering s3 sO53 Insur
AS the circumstances which make the extended nur
feature effective usually those of individual adver
sy in all likelihood the money derived from these settle
ments has reached families particularly need of funds
where comfort has been absent and has been
than the ordinary benefit which always follows the payment
of Life Insurance.
The growing tendency to borrow money account of
Life Insurance Policies is noted with for the
ests of benecaries. Such loan represents mortgage
upon mans possessions just certainly does money
upon real estate The only ustable purpose for which
Policy loan should be secured is to premium which
otherwise be paid Most Policies taken for
the protection of families. Money of
such contract lessons the fund for the future order
that present and frequently unimporan call be
deprves ones wife of portion of the she has
every right to expect will be maintained intact to
mention other in which it might dsadvantageously
operate The privilege of making loans established
feature of modern Policies we'll requirement of the
laws of several States though practice well under
stood that the widespread habit of borrowing for trivial
because it be DONE partially and sometimes wholly
defeats the original intention for which the
taken The management that Polcyholders be less
ready place lien upon the future happiness of their
homes that they consider carefully whether immediate
necessities warrant so inadvisable
The burden of taxation has been emphasized in other
reports 1t is still increasing 1t adds materially to the
of transactng the business and charge that falls