The Republican journal. [volume] (Belfast, Me.) 1829-current, 1913-01-23

rectors of the UNION MUTUAL LIFE INSURANCE
COMPANY to Policyhoders is herewith submitted
Though general business perceptby retarded and
the valuation of securities mark decline dur
ing the closing 1872 the aggregate OF the years
herein presented shows advancement IN practlcay
all departments particular progress in the items OF
Insurance. Few difficulties beyond those INCL
ordinary pursuits encountered by soliciting
of the prejudice against Life lnsur
ance common years ago having disappeared in place
of which genuine and deep interest IN
the principles and accomplishments of protection for what
they really and do.
Growth begins with New Insurance paid for; as that goes
ahead the broadens and increases In this depart
men 345s Policies delivered in 1872 representing
This amount 1864 sos larger than
in 1911 and there 499 more Policies
In the State Maine, Insurance issued and paid for
reached the 81 49, which is increase OF
s6756 the figures for the preceding year, and may
fairly be taken indicate continuance of the good will
loyalty of Maine people to the home institution In
surance in Force basis in this State stands
at the substantial ggregate of s11,5ss,1s007
The securities Company valued of Decem-
3d. by the bankers in other recent years.
Messs Brothers, Boston, Mass and as the prices
of high grade bonds and stocks then at level much
below the average the Assets and Surplus have not ad
vaced point they ordinarily would have done under
normal conditions. Such fluctuations in the Immediate
marketable worth of stocks and BONDS are interesting tor
of determining present quotations,
they essential way affect the actual value of Assets
which are held by institution permanent Investments
with necessity of SALE but altogether tor the income
yielded Under Conditions therefore, there is sat
faction the fact that the Assets increased 40
reaching Ss and that the Surplus stood at ST.
$685. which within s3754464 of what was at the close
of the previous year. Whenever quoted values swing
ward to the average basis beyond they eventually
must strong advances in Assets and Surplus will follow
but the true of the Company the guarantor of
protection for benecaries under Policies remains unaf
these fluctuations and undergoes apprecable
change from year to year.
The Premium Income advanced to s2279,170e9. in
crease ,of during the year, while the Total In
come includes interest dividends from Investments
rents etc. aggregated 49, substantial gain
he previous year.
Reflection upon the expanding purposes which Life Insur
ance covers how much than the proec
lection homes always its predominant mission it is
satisfactorily doing serving frequently the guardian of
business by nsuring the of corporations
furnishing the security by which people
enabled finance their education carries with it the
impression the future still holds much in for
development of the which insurance protection
adapted The steady advance in Insurance in Force
which at of 1912 had reached secured
by 1926 Policies indicates convncngy that broadening
confidence in principles to which those whose
been established by long observation believe they
to families and communities through the settlement of
these Policies each absolutely certain contract
curing only that the moderate yearly outlay be met
both far reaching and inestimable.
Before all else the protection furnished to families
throughout all the circumstances which transpre in the
course lifetime forms the underlying and actual mis-
sion of life insurance company, and since there
question what every maintained Policy will eventually
become payable death being inevitable and prompt
ness the settlement of claims much the
utaton institution In this important branch of the
work. the Union Mutual invariably undertakes make
payments with all the dispatch consistent with usual bust
procedure and frequently in receipt of
ton of its methods During 1912, 4s9 Death Claims
paid which the of Insurance &c.
which So less than in the previous year These
Policies running upon 427 lives with ffty-ve and
one-haf years the average at death: The oldest
Pocyholder in point of individual age whose death
Cured had attained ninety years. his con-
tract carried thirty years. One who was
eighty years when he died. result of pneumonia
had been insured ftyeght and one-fourth years. while
another whose death occurred in railroad accident was
but twenty three old and his Policy running
only five months Six Pocyholders having 600 Insur-
ance, died, from varying causes within year the
time the Policies issued with ages running from
seventeen to thirty eight.
CHARLIE