The Republican journal. [volume] (Belfast, Me.) 1829-current, 1913-01-16
Gard ANNUAL REPORT Of
Union Mutual Life Insurance Co.,
PORTLAND Maine.

al '1crs rd1v ents surrender values etc. $1O46s26
o. the entire them for the wear totang 1885,
TO- WHICH, added to these AMOUNTS previous years.
~ on aggregate OF $47829.396S4 that has been PAID 10
suers during the sixty three years that the Co"-
p's HAS Deen transactng business That and cour
nave oeen given by these payments at times lnnumer
o 10 oo"hcast families that thousands of children have
~ aieo 10 continue in school, that many homes nave
peeh saved that the world been helped but mild
statements OF what has really been done. Keen indeeo,
shoulo De the satisfaction of insured women
foFersity comes often in lives occasionally Ill
many Modern forms of Insurance are designed to give
recognition to this possibility provide variety OF
values Tor such contingency but nothing better or OF
more positive advantage the beneficiary than automatic
extension OF Insurance. operated by Union Mutual
1o thysx years under the provisions of the Maine Nom
Forfeiture Law has been Cash loan values
are available to the perhaps for his personal
use In the adoption of hobby the fuhllment OF
some favored project but extended Insurance saves the
protection for the beneficiary through period more or less
prolonged determined by the actual value of the Policy
wnen premium payments The comprehensive worth
OF this sustained widows and children best
shown by the statement that during the period this fe
ture has formed of Union Mutual Policies $751;
sos5 have been paid the under III Poll
ces that might otherwise been practically without
worth at the time of death The privileges and comforts
which have thus been possible homes. wholly be-
cause Of this are numerous and varied During 1917 80
500 paid to homes through the operation of
this feature which. practical working, has proved of
greatest advantage to families burdened with misfortune
The loan feature in Policies is apparently much mis-
understood the tendency look upon this value as sum
that should be withdrawn order have the full benefit
OF the contract and to think that if this is not done
thing is being lost far common Life Insurance is
the reaolest cash leave to his family,
excelling all other securities in convertibty, and
tor thl; reason alone ought be the last piece Of
property to be encountered by a mortgage II many
instances loans Of the utmost service, but the
privilege as a whole is much abused by injudcious
and needless borrowing Undeniably there times in
any mans life when he feels need of money than
is readily available but unless his for it be something
stronger than to make purchase Of doubtful expediency
or to undertake predetermined business venture, he
going beyond reasonable prudence when he places lien
upon the future welfare Of his family halfcon
sdered or needless purpose. who would hesitate
mortgage his home, thinks nothing borrowing money
upon his Policy because easily be DONE forget
ting altogether or perhaps not comprehendng that he is
by encumbering his Policy, placing of handi
those whom he holds dear protect.
Pocyhoders again urged give consideration
to the consequences of loan before completing the
sactop and the Importance of repayng existing loans
full or by partial payment is also emphasized Loans
hamper the efficiency of Policies and interest unsasfac
torily adds to the required yearly outlay.
Expenditures for excess of what they
ought to be- yet far remedy has been reached The
influence of Polcyhoders should be exerted upon
bers of legislatures for the shall
effect reduction in these charges in the States
Coming all these requirements must from the funds of
Poicyhoders they form definite addition
protection which ought free those who by the
insurance assumed doing their part toward safeguard
ing the general warfare of a community.
Policy holders reminded that important method Of
advancing the prosperity of the institution with which
insured is always available them-the suggestion If
suitable for agency work and also who ono hi
to be insured add the they already have
Such hints of genuine help promoting the business
and are especially appreciated by the management
With the broadening insurance protection and
the better appreciation Of Policies by public to-
gether with the favorable standing Union Mutual in
point of financial strength and reliability of insurance con-
tracts the believe, that the outlook abourd
with promise for conservative DEVELOPMENT of the hs
Respectfully submitted
FRED +. RICHARDS President
Arthur l. BATES. Wee President
EDWARD A. MOVES.
FRANK T.. ALLEN
SELDEN tONNoR,
DAVID G. HAMILTON,
j. FRANK LANG,
JOSIAH H. DRUMMoND
WILLIAM i. COBB
EDWARD b. WINSLoW,
CHAS. II. pRESCoTT,
WESTON LEWIS, Directors
PORTLAND, MAINE, January IA, 1913.