New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1914-08-13
.SHUN WAR RISK
IN LIFE INSURANCE
Companies Not Seeking
Business from ReserViStS
or Canadians.

Reservists in this country and Cana
dams are Ending it difficult to obtain
insurance before they enlist. Not one
of the big New York insurance com
panies is looking for That kind of busl-
ness. though at least two of them
the New York Life and the Metropolitan
are willing to accept it conditionally'
A letter Of instructions regarding
foreigners liable TO military service
who applied for insurance was sent
TO all agents yesterday by the Metro
politan Life Insurance Company. Ihey
were instructed to accept such risks
up 10 $1,000 at the regular rates for
intermediate" policies and up to $1,000
at any rate equivalent to the rate OF
q twenty payment life policy. NO pom
cies for more than $4,000 will be IS
sued 70 those liable to service IN Euro
pean armies or navies The Metro
politan's "i6termediate" policies be
long to the class in which come most
Of the $500 policies.
Metropolitan agents are warned that
the company is by no means seeking
this sort of business and that great
care must be exercised in issuing the
policies. There is to be no canvasslng
of military encampments or recruiting
Offices, and such risks are acceptable
only when offered in the city which
is actually the residence Of the insured.
No reports have been received at the
METROPOLITAN Offices 10 show that ,nerc
has been any demand for such insur-
ance, nor has there been any notlnca-
ton as yet that those already holding
METROPOLITAN policies have gone TO tte
front in any great number. It IS pre-
sumed that those who did left in too
much of a hurry 70 give any thought to
their insurance, and the Adjustment OIL
that phase of the matter is lett to the
future.
The actuaries OF the New York Life
Insurance Company have been busy Tor
several days figuring on war rates, ard
their conclusions were presented by
the company yesterday. Those who al
ready are insured by the company and
90 to the front will find that the poll
cies already in force will protect them.
New business will be accepted on the
same basis as that proposed during the
weeks following the occupation OF vera
Cruz, when the paciiication OF Mexico
and the calling out OF the national
guard seemed imminent. Those liable
for military service will be required 10
make a deposit of per cent OF the
face value of the policy upon receiving
it. Otherwise they will be entitled only
to the return Of their premiums.
The Mutual Life Insurance Company
feels sure that it has no war risks on
its hands, and is positive that none
will be accepted. Since the. Mexican
trouble no army or navy men have been
accepted, and that rule will not be de-
parted from during the European war.
Although reservists and volunteers
have applied to the Equitabl lie Lie
Assurance Society for policies their re-
ouests have been refused. Under no
circumstances will the Equitable take
such risks.
AT the Office Of the Home Life lnsur-
ance Company it was said that no war
risks would be accepted. So lar as IS
known no reservists are carrying home
policies. and officials of the company
believe that developments Will snow
the number TO be negligible.