Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1912-01-17
ADVERTISEMENTS.

T~HE SIXTY SECOND ANNUAL REPORT of the
Directors of the UNION MUTUAL LIFE IN
i sURANCE COMPANY to Pocyh holders is here
with submitted.
As in other recent years, summary of the work ac-
complshed indicates pronounced advancement In all Of
the departments where financial strength and ihsur-
reliability essential factors these results hav
Ing been secured during period that cannot said
to have been of distinct general prosperity Con-
ditions surrounding the business Of Life are
however, gradually becoming normal the public atti-
tude toward protection is again wholly trustul APP
preciative and the for policies are steadily broad
ening, though tho difficulties of procuring and retain
ing agents under the limitations OF compensation
tabished by law somewhat restric. progress.
In the department OF New Insurance paid for, where
development may really be said start an increase
the previous year Of 2s7 Policies and 1921 1881 In
surance recorded the total for 1911 being 1859
Policies, %, 242, 246 Insurance.
In the Home State Of Maine, New paid for
reached 81 $780, gain Of s24o 1889 Insurance
over 1870 which may reasonably be construed indi
eating the confidence and good will Of the people where
this institution has long been established particularly
this advancement is not matter Of year but OF
many In other territory where business Is transacted
increases Of varying size are the common showing.
The financial development Of the Company has been
along the steady and satisfactory lines OF prog
in other years. Although the appraisement
made by Messrs. Edmunds Brothers, Bankers, Boston,
Mass places the values Of securities upon somewhat
lower level than the close OF 1910, the Assets show
an increase OF eS01, o57.73 the previous year,
standing the end OF 1911 at eli s7s e45ss while the
Surplus advanced s74ssso7, being o. 633 44446 when
the year closed.
The Premium Income for the year reached 81, 251,-
OFT 49, which Is s11,75437 than 1t in 1919.
Other receipts such interest," dividends from invest
ments and make larger aggregate the Total In
come standing at %, o25, oo3so.
The purpose of Life Insurance covers so much more
in these days than the protection of families though
this must always stand the superative misson its
usefulness having also been recently established
conservator Of business interests, tina. 1t well be
expected the volume OF in Force will exhibit
growth year by year. the power for good
deeds which with the Al, 229 Polcyholders who
have $50 PAS Insurance. and who compose the Com
pany as it stood at ed lsi1 stands beyond the
imagination Of even those who optimistically in
cined. Every contract represents some definite
thought for the betterment humanity certain to be
hoCoSoAealihe
the regular payment Of premiums its ultimate
summation
The uncommon feature about Life Insurance, the
one factor which distinguishes 1t from other undertake
ings which participate, is the fact that Its ma
turity s inevitable 1t constructs from the greatest
uncertainty the most dependable certainty. While
much exercised in the selection OF risks and
small percentage of those who apply for policies
necessarily cassed ineligible, still every gives
abundant illustration OF the urgent need of insurance
protection In 1911 467 Death Claims were settled,
representing s7s4 s1314 Insurance. This sum is ESQ.,
$685. larger than amount paid in 1870 and is due
In great the fact that there were an unusual
number of deaths in the latter part of the previous
year. the settlement OF the most of which necessarily
went over into 1911. Prompt consideration and pay
ment is made feature whenever circumstances per-
nit both az good business procedure and in recogni-
ton OF the imperative need Of money at such times.
Other returns to Polcyholders in the form Of dvid-
ends, endowments surrender values, etc., were made
during ls11 amounting to $780, &c. the entire pay
ments to Policyholders for the year aggregating
g. $685. POS 49, which xes the total paid by the Com
B. T. S.