The Republican journal. [volume] (Belfast, Me.) 1829-current, 1913-01-16


/ recto,s of the UNION MUTUAL LIFE INSURANCE
COMPANY Poicyholders is herewith submitted.
Though general business was perceptloy re'aroen ava
the valuation of securities underwent mark decline dur
ing the closing of 1872 the aggregate OF the year
work herein presented shows advancement in practically
all departments with particular progress in the items OF
Income and Few difficulties beyond those incl
dent ordinary pursuits encountered by soliciting
representatives much of the prejudice against Life nsur
common ago having disappeared In pace
of which has come genuine and interest in
the principles accomplishments of protection for what
they really and do
Growth begins with New Insurance paid for that goes
ahead the broadens and increases In this depart
ment 345s Policies delivered in 1912 representing
Insurance This amount 1864 sos larger than
in 1911 and there 499 more Policies
In the State of Mane Insurance issuc and paid for
reached the total of S5sO4 49, which is increase of
ss6 6 over the figures for the preceding and
fairly be taken to indicate continuance of the good will
and loyalty Maine people to the home institution In
surance in Force basis in this State now stands
at the su bstantia ggregate of $ll,5, $500
The securities the Company valued of Deem
Der 81 by the bankers as in other recent years.
Messrs Edmunds Brothers, Boston, Mass and the prices
of high grade bonds and stocks then at level much
below the average the Assets and Surplus have not ad
vanced the point they ordinarily would have done under
normal conditions Such fluctuations in the immediate
marketable worth of stocks bonds interesting for
the purpose determining present quotations. though
they no essential affect the actual value of Assets
which are held by institution permanent Investments
with no necessity of SALE but altogether for the income
yielded Under these Conditions therefore, there is sat-
faction in the that the Assets increased SsS59 40
reaching 92278 and that the Surplus stood at Sl5eS
$685. which is within $354464 of what at the close
the previous year. Whenever quoted values swing
ward the average basis or beyond as they eventually
must strong advances in Assets and Surplus will follow
but The true worth of the Company the guarantor of
protection for beneciares under Policies remains una-
feoted by fluctuations and undergoes no apprecap
change from year year.
The Premium Income advanced to $2279,l70s9 an H.
s2s 143.46 during the while the Total In
come which includes interest dividends from investments
rents etc. aggregated So 99840 substantial gain
he previous year
Reflection upon the expanding which Life nsur
ance covers how very much than the proec
lection of homes always its predominant mission it is
satisfactorily doing serving frequently the guardian of
welfare by urng the managers Of corporations
and often furnishing the security by which people
are enabled finance their education carries with it the
impression that the future still holds much in for
the development of the to which insurance protection
is adapted The steady advance in Insurance in Force
which the close of 1912 had reached s63 @ secured
by 1926 Policies indicates convincingy that broadening
of confidence in principles which those whose
entitled The advantages which will gradually
families and communities through the settlement of
these Policies each absolutely certain contract
quiring only that the moderate yearly outlay be
both far reaching and inestimabe.
Before all else the protection furnished families
thro all the circumstances which tanspe the
of lifetime forms the underlying and actual mis-
sion of life insurance company and since there is
quest but what maintained Policy will eventually
beco payable death being inevitable and prompt
in the settlement of claims count for much in the
uation OF institution In this important br inch of the
work, the Union Mutual invariably undertakes to make
payments with all the dispatch consistent with usual bust
procedure. nd frequently receipt of commenda
of its methods. During 1872 439 Death Claims
paid under which tn of Insurance 1853 So
which $5524 SIS less than the previous year These
Policies running upon APT lives with fifty five
onehalf years the average age at death. The oldest
Polcyhoder in point of individual age whose death
had been carried thirty nine years
eighty years when he died result of pneumonia
had been insured fftyeigh and fourth years. while
another whose death occurred in railroad accident
but twenty three years old and his Policy running
only five months Six Poicyholders, having Insur
time the Policies issued with ages running from
seventeen to thirty-ei ght.
Pocyhodes also paid during 1912 in the form of