Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1913-01-15
q -. ~


i LIFE INSURANCE COMPANY to Policy
holders is herewith submitted
Though general business perceptibly retarded,
and the valuation of securities underwent marked
decline during the closing weeks of 1912, the aggre-
gate ofthe years work herein presented shows adj
vancement in practically all departments with parc-1
ulaf pfogress in the items of Income and Insurance
FeWNrificulties beyond those incident to ordinary
pursuits are now encountered by soliciting representa-
tives much of the prejudice against Life Insurance
common some years ago having disappeared, IN place
of which has genuine and deep-founded in
terest in the principles and accomplishments of pro-
lection for what they really are and do.
Growth begins with New Insurance paid for as
that goes ahead the business broadens and increases
In this department 3458 Policies were delivered III
1912, representing So,2oo75I Insurance This amount
500, larger than in 1911, and there were 400
more Policies.
In the State of Maine Insurance issued and paid
for reached the total of ST o56So44o which is an IN
crease of $36775I6 the figures for the preceding
YEAR and NAV fairly be taken to indicate connu-
ance of the good will and loyalty of Maine people to
the home institution Insurance i'll Force, paid-for
basis in this State now stands the substantial ag
gregate of SII,558 1907.
The securities Of the Company were valued as OF
December 3d. I9E2, by the same bankers as in other
recent years Messrs. Edmunds Brothers Boston,
Mass, and as the prices of high grade bonds and
Stocks were then at a level much below the average,
the Assets and Surplus have not advanced to the point
they ordinarily would have done under normal condi-
tons Such fluctuations in the immediate marketable
worth of stocks and bonds interesting for the pur-
pose of determining present quotations, though they
in no essential way affect the actual value OF Assets
which are held by institution as permanent invest
ments with no necessity of SALE but altogether for the
income Welded Under these conditions therefore
there is satisfaction the fact that the Assets IN
creased 1888, 5o74o reaching SIS,75o922.7S, and
that the Surplus stood at 81 8S,57oS2 which with
in S754464 of what was at the close OF the previ-
Gus year Whenever quoted values swing upwardto
the average basis beyond as they eventually must,
strong advances in Assets and Surplus will follow,
butstle true worth of the Company the guarantor
protection for benefciaries under Policies remains
rnaffetted bythese fluctuations and undergoes no ap
preciable change from year to year ..ibss s.+
@N The Premium Income advanced to $2,279I7o-99,
IAN increase of SIS 40 during the year; while the
Total Income which includes interest. dividends from
investments, rents etc, aggregated SSII79984o
substantial gain the previous year
Reflection upon the expanding purposes which Life
Insurance now covers and how very much more than
the protection of homes always its predominant mis-
it is satisfactorily doing, serving frequently
the guardian of business wclfa by insuring the man
ayers of corporations and often furnishing the secur-
ity by which young people enabled to finance their
education carries with it the Impression that the fu-
ture still holds much in for the development
of the uses to which INSURANCE protection is adapted
The steady advance in Insure in Force, which at
the close of 1912 had reached %0349IS53, secured by
43o2o Policies indicates convihcingly that broadening
of confidence in insurance principles to which those
whose faith has been established by long observation
believe they entitled The advantages which will
gradually to families and communities through
the settlement of these Policies each one an absolute
y certain contract, requiring only that the moderate
yearly outlay be met, both reaching and ines
tnable. ss- - Ia 49, .a3@5sd sqs.s -.
Before all else the protection furnished to families
throughout all the circumstances which tranSpre iii
the of lifetime forms the underlying and act
ual mission of life insurance company and since
there is no question but what every maintained Policy
will eventually become PAYABLE death being inevta-
BILE and promptness the settlement of claims
count for much in the reputation of institution In
this important branch of the work the Union Mutual
invariably undertakes to make payments with all the
dispatch consistent with usual business procedure and
is frequently in receipt of commentator of its meth
DDS. During 1912, 40 Death Claims were paid under
which the amount of Insurance was $76o,288 g.
which is ST 5524 So less than in the previous year
These Policies were running upon 427 lives, with
hty-hve and onefaf years the average age at death
The oldest Policyholder in point of individual age
whose death occurred in 1912 had attained nnev-sx
years. and his contract had been carried over thirty