The Republican journal. [volume] (Belfast, Me.) 1829-current, 1913-01-23
Ge2RD ANNUAL REPORT Of
Union Mutual Life Insurance Co.,
PORTLAND, Maine.

d dends endowment surrender values ETC., s1o46s2e-
ST. the entire returns to them for the year toang 1885,
l5 49, which, added to these in previous
makes an aggregate of that has been paid to
Pocyhoders during the sixty years that the Com
pany has been transactg business That and
age have been by these payments times nnumer-
able to downcas families that thousands of children have
been enabled to continue in school, that many homes have
been saved. that the world has been helped but mild
statements of what has really been DONE Keen indeed
should be the satisfaction of insured men women.
Adversely often in lives, occasionally IN
many Modern forms of Insurance designed to give
recognition to this possibility and provide variety of
values for such contingency; but nothing better or or
positive advantage the beneficiary than automatic
extension of Insurance. operated by the Union Mutual
for thtysx under the provisions of the Maine Nom
Law has been devised Cash loan values
available to the insured perhaps for his personal
use in the adoption of some hobby the fulfment of
favored project but extended Insurance the
protection for the beneficiary through period less
prolonged determined by the actual value of the Policy
when premium payments The comprehensive worth
of this sustained Insurance to widows and children is best
shown by the statement that during the period this fea-
has formed part of Union Mutual Policies, $751;,
1905 have been paid the benefciares under III Poll
cies that might otherwise have been practically without
worth at the time of DEATH The privileges and comforts
which have thus been possible many homes, wholly be-
of this and varied During 1872 $50
500 paid to sixteen homes through the operation OF
this feature which, in 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 this value as sum
that should be withdrawn order have the full benefit
of the and think that if this is not done some
thing is being lost, is far Life Insurance is
the readest cash leave to his family,
| exceing all other securities in converhblhty, 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 a whole is much abused by injudicious
and needless borrowing. Undenaby there times in
any life when he feels the need of than
is readily available but unless his for it be something
stronger than to make purchase OF doubtful expectancy
to undertake probematica business venture he is
going beyond reasonable prudence when he places lien
the future welfare of his family for some hacon
sdered needless purpose who would hesitate to
mortgage his home, thinks nothing borrowing
upon his Policy because it easily be done forget
ting altogether perhaps not compromising that he 49,
by encumherng his Policy placing even more of handl-
upon those whom he holds dear and wants to protect
again urged to give serious
the of loan before completing the tran
saction the importance of repaying existing oans IN
full by partial payment, is also emphasized Loans
hamper the efficiency of Policies, and interest unsatisfac-
torly adds to the required yearly outlay
Expenditures for much in of what they
ought be- far remedy has been reached Inc
influence of Poicyholders should be exered mem
bers legislatures for the of laws which shall
reduction in these charges in the various States
Coming these requirements must from the funds of
Policy they form definite addition to the cost of
protection which ought be to those who by the
assumed doing their part toward safeguard
ing the general warfare of community.
Polcyhoders reminded that important method OF
advancing prosperity of the institution with which tn
insured is always available themthe suggestion of
suitable agency work and of those who ought
to insured add to the protection they already have
Such hints of genuine help in promoting the business
and are especially appreciated by the management.
With the broadening insurance protection and
better appreciation of Policies by the general public
gether with the favorable standing of the Union Mutual in
point of financial strength and reliability of
tracts the management believes that the outlook abounds
with promise a conservative development the
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 H. DRUMMOND,
WILLIAM 7. COBB,
EDWARD B. WINSLOW,
CHAs. H. PRESCOTT,
WESTON LEWIS, Directors.
PORTLAND, MAINE, January IA, 1918.
e. LANE, AGENT, BROOKS,