Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1913-01-15
H0RD ANNUAL REPORT OF
w Union Mutual Life Insurance Co.

OluaOlI u!l0 1SAC&u -
PORTLAND, MAINE.
years. while another whose death occurred in railroad
accident was but twenty three years old and his Policy
had been running only ave months. Six Poicyholders
having $4,000 Insurance, died. from varying causes
within one year Of the time the Policies issued,
with ages running from seventeen to thirty eight
Pocyholders also paid during 1912, in the form
OF dividends, sDdowments, surrender values, ETC.,
$l046 82857, the entire them for the year
totaliDg elsie, 49, which, added these amounts
In previous years, makes aggregate of
that has been paid to Pocyholders during sixty
three years that the Company has been transactng
business. That power and courage have been given
by these payments, times innumerabe, to downcast
families, that thousands Of children have been enabled
to continue in school, that many homes have been
saved, that the world has been helped, are but mild
statements OF what has really been done. Keen in
deed, should be the satisfaction of insured or
women.
Adversely often in lives, occasionally in
many. Modern forms of Insurance designed to
give recognition to this possibility and to provide
variety of values for such contingency; but nothing
better of positive advantage the beneficiary
than automatic extension of Insurance. operated by
the Union Mutual for thirty six years under the pro-
visions of the Maine Non Forfeiture Law has yet been
devised Cash or loan values available to the
insured perhaps for his In the adoption of
some hobby the fulment of some favored project,
but extended Insurance the protection for the
beneficiary through period more less prolonged,
determined by the actual value of the Policy when pre-
MUM payments The comprehensive worth of
this sustained Insurance to widows and children is best
shown by the statement that during the period this
feature has formed part of Union Mutual Policies,
81 1S0S5 have been paid to the benecares under
I'll Policies that might otherwise have been practically
without worth at the time Of DEATH The privileges
and comforts which have thus been possible in many
homes, wholly because of this, numerous and
homes through the operation this feature, which,
practical working has proved of greatest advantage to
families burdened with misfortune.
The loan feature in Policies is apparently much
Misunderstood the tendency to look upon this value
the full benefit of the contract, and to think that if
this is not done something is being lost far too
mon Life Insurance is the readest cash asset man
can leave to his family, exeeling all other securities
in convertbility and for this alone it ought to
be the last piece of property to be encountered by
mortgage In many instances loans are of the utmost
service, but the privilege whole is much abused
by njudcious and needless borrowing. Undenaby
there are times in any mans life when he feels the
need of more money than is readily available, but
unless his for it be something stronger than
make purchase of doubtful expectancy to under
take problematical business venture, he is going
yond reasonable prudence when he places lien upon
the future welfare of his family for half consa
cred or needless purpose. A who would hesitate
to mortgage his home, thinks nothing of borrowing
money upon his Policy, because easily be DONE
forgetting altogether or perhaps not comprehending
that he is, by encumberng his Policy, placing even
of handicap upon those whom he holds dear and
protect. Policyhoders again urged TO
give serious consideration the consequences of a
loan before completing the transaction; and the i'm
portance of repaying existing loans in full by
tial payments is also emphasized. Loans hamper the
efficiency of Policies and interest unsatisfactory adds
the required yearly outlay.
Expenditures for taxes are much in excess of what
they ought to be, yet far remedy has been
reached The influence of Policyhoders should be
exerted members Legislatures for the
of which shall effect reduction these charges
in the various states. Coming as all these require
ments must from the funds of Policy holders they
form definite addition to the cost of protection,
Uhi % ma to who bV tha
assumed are doing their part toward safeguard
ing the general welfare of a community
Policyholders reminded that an important method
which they insured is always available to them
the suggestion of men suitable for agency work and
also of those who ought to be insured add the
protection they already have. Such hints of ganu-
inc help in promoting the business and especially
appreciated by the management.
With the broadening for insurance protection
and the better appreciation of Policies by the
public, together with the favorable standing OF the
Union Mutual in point of financial strength and relia
bility of insurance contracts the management believes
that the outlook abounds with promise for
tive development of the business.
Respectfully submitted.
FRED E. RICHARDS, President.
ARTHUR L. BATES, Vice President.
EDWARD A. MOVES,
FRANK E. ALLEN,
SELDEN Common,
DAVID G. HAMILTON,
j. FRANK LANG,
JOSIAH ii. DRUMMoND,
WILLIAM T. COBB
EDWARD B. WINsLow,
CHAs. e. PRESCOTT,
WESTON LEWIS, Directors.
PORTLAND, MAINE, January IA, 1918.