UNION DEP ENDABLE SERVICE

California Redwood

0

Out of every dollar of premium investment in Lumber Mutual Insurance, 22/2 cenu goes for operating expense nd 39Vz cents for losses. Insurance cost is thus 62 cents or 62/o. If insurance were provided at cost, the dividend therefore would be 38%. The average dividend paid is 40/o, so that ultimate cost to policy-holder is 2% less than actual insuring costs. Other income, from investment of surplus, etc., makes it possible to pay 40Vo dividend and also add 5/o to the surplus held for protection of policyholders. Your 100% premium therefore grows to 107/o in protection and dividends.

Lumber Mutual Iniurance is the insurance investment a lumberman can buy, backed by resources and a reputation which guarantee prompt payment of losses.

Ask any of our comPanies about the protection lroaided by our policies, about our fire Preuntion sertice, about oar diztidends, and about the actual cost of Lurnber Mutual Insurance.