The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1911-03-12

companies the Union Central by its
more favorable terms saved for its
poiicyholders over $4,000 a year.
Great as has been this source Of
gain, however. the Union Central has
a more prolific source from which
profits are drawn. The Union Central
for years has been the greatest in
teres< Garner among insurance COM
pan1es. For years the interest upon
the invested assets OF this company
has been sufficient to pay all death
claims and matured endowments, ami
last year not only to pay all these, but
the surrender values on lapsed and
surrendered policies in addition.
10 Per Cent Dividends.
Is II any wonder that the company
is able to pay, as 1t did last year, divi-
bends to it's policyholders equal to
about Is per cent Of it's total premium
receipts. and add about 81, 100000 to
the dividend funds and surplus held
for policyholders? This is equal 10
IA per cent Of last years premiums.
The receipts from interest and rents
last year were $4,ss3,36s, while the
average gross assets were about $751;
100000, showing an average rate Of
5.94 per cent No other company
shows so high q rate Of interest
earned. The explanation is simple
enough.
Wall Street never had any tempta-
ton for, the Union Central, It has
steadily pursued the policy Of invest
ing its funds in real estate mortgages.
The only so called securities" it
owns are / $4,000 Of United States
bonds which were required as a spe-
= A..
stocks of any kind It does own, how
ever, $50. 75O, 900 of mortgages on real
estate worth 1926, 900. The prop
erty securing these mortgages is To-
Gated In 33 states, making an adver-
Using asset for the company, the value
of which cannot be over estimated.
Real estate mortgages have been
proven to be the best and most profit
able investments available. The Union
Central last year placed $11,00O,000 In
mortgages on which the rate of in
terest realized is GIG per cent per an
num-
Against nearly sss 600 900 of mort
gage investments is to be placed $780,
900 Of foreclosed real estate. Were
the entire amount to be charged OF
to profit and loss, one weeks interest
on the mortgages now outstanding
would make good all the loss.
Rights of Policy Holders.
In it's investment policy the Union
Central has shown the wisdom of the
management and the results have been
in the highest degree beneficial to the
policy holders. There have been other
causes contributing to the success of
the company, but underlying them all
has been a keen appreciation of the
rights of policyholders. Their rights
have not been submerged in the graft
fication of personal ambition or selfish
greed.
The Union Central is a big company
and a good company as well. No com
pany has grander traditions, none that
iives more closely up to them. 1t has
over $s1, zoe, 900 assets, surplus In
Guiding capital and dividend funds of
nearly $4,000. 900, policyholders num-
bering nearly $4,000 and insurance
aggregating 1903, 600. 900. It's annual
income exceeds $15,0oo,o0o. and It paid
its policyhoIders over 800, 900 last
year, adding to it's reserve $4,000, 900.
A Union Central policy is liberal IN
all it's provisions and IS the most vaiu-
able asset a man can have while living
or leave to his heirs when dead. Every
life insurance policy is a letter testa-
mentary and the Union Central Lifc
Insurance Company is worthy OF the
highest trust any man can put in an
other, the appointment as executor Of
his viii.