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

died, result of pneumonia, had been insured nifty
eight and fourth years. while another whose death
occurred railroad accident but twenty three
years old and his Policy had been running only FIVE
months. Six Policyholders, having 10000 Insurance,
died, from varying causes within one year of the time
the Policies issued, with ages running from
enteen to thirty-eight
PoilcyhoderS also were paid during 1912, in the
form of dividends enoownents surrender values ETC.
$Io4o82657 the entire returns to them for the year
totang ST. S16II5I3, which, added to these amounts
in previous years, makes aggregate of $47 800
81 that has been paid to Pocyhoders during the six
tythree years that the Company has been transacting
business That power and courage have been given by
these payments times innulnerable, to downcast
families that thousands of children have been enabled
to continue in school, that many homes have been
ed, that the world has been helped are but mild state
nents of what has really been done. Keen, indeed,
should be the satisfaction of insured men or women
Adversely comes often in some lives, occasionally IN
many Modern forms of Insurance designed to
give recognition to this possibility and to provide
variety of values for such contingency; but nothing
better OF positive advantage to the beneficiary
than automatic extension of Insurance. operated by
the Union Mutual for thrtysix years under the pro-
visions of the Maine on-Forfeure Law, has yet
been devised Cash loan values available to the
insured perhaps for his personal use IN the adop-
ton of hobby or'the fulment of some favored
project but extended Insurance saves the protection
for the beneficiary through period more or less pro-
longed determined by the actual value of the Policy
when premium payments cease The comprehensive
worth of this sustained Insurance to widows and chill
dren best shown by the statement that during the
period this feature has formed part of Union Mutu
al Policies, $I,3 1905 have been paid to the bene
ciaries under III Policies that might otherwise have
been practically without worth at the time of death
The privileges and comforts which have thus been
possible in many homes, wholly because of this, are
numerous and varied. During 1912 $25,5oo paid
to sixteen homes through the operation of this fea-
ture which, in practical working, has proved of great
est advantage to families burdened with misfortune. Is
The loan feature in Policies is apparently much
misunderstood the tendency to look upon this valtie
as sum that should be withdrawn in order to have
the full benefit of the contract and TO think that if
this is not done something is being lost is far too
common. Life Insurance is the readiest cash asset
can leave to his family, excellig all other secur
ties i'll conVerblity and for this alone it ought
to be the last piece of property to be encmbereo bya
mortgage. In many instances loans of the utmost
service, but the privilege as whole is much abused
by injudicious and needless borrowing. Undeniably
there are times in any mans life when he feels the
need of more money than is readily available but I'M
less his use for it be something stronger than to make
purchase of doubtful expediency or to undertake a
problematlcal business venture he is going beyond
reasonable prudence when he places lien upon the
future welfare OF his family for some hafconsidered
or needless purpose A man who would hesitate to
mortgage his home thinks nothing of borrowing
money upon his Policy, because it can so easily be
done forgetting altogether, or perhaps not compre-
hendng, that he is, by encumbering his Policy pac-
ing even more of handicap upon those whom he
holds dear and wants to protect. Poicyholders are
again urged to give serious consideration to the con-
sequences of loan before completing the transaction
and the Importance of repaying existing loans in full
or by partial payments. is also emphasized Loans
hamper the efficiency of Policies and interest unsatis
factorlly adds to the required yearly outlay. sstL
Expenditures for taxes are much in excess of what
they ought to- be, yet SO far no remedy has been
reached The influence of Policyhoders should be ex
erted upon members of legislatures for the enactment
OF laws which shall effect reduction in these charges
III the various states. Coming, as all these require
mentS must, from the funds of Policyholders, they
form definite addition to the cost of protection,
which ought to be taxfree those who by the rsur
ance assumed are doing their part toward safeguard
ing the general welfare of community
Policyholders are reminded that an important meth
cd OF advancing the prosperity of the Institution with
which they are insured is always available to them
the suggestion of men suitable for agency work and
also of those who ought to be insured or add to the
protection they already have Such hints are of gen
une help in promoting the business and are especially
appreciated by the management
With the broadening uses for insurance protection
and the better appreciation Of Policies BY the general