Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1917-10-26

government Will continue 10 pay MIN
the full amount he is entitled to for
his disability. All that he earns be-
longs to him in addition to what the
government pays him.
Insurance at Peace Rates.
Moreover, in this law the govern
ment has taken for it's soldiers the
!most advanced step in the history of
the world. When you men put the
uniform on, it makes no difference
how strong of heart you are, how
strong of sinew you may be, how per-
feet every vital organ, or how good a
risk you may be for a life insurance
company in time of peace, you cannot
get life insurance. There isn't a COM
pany in America that would insure
you except at prohibitive rates.
When l took up this insurance bill,
calling together the life insurance
representatives at Washington to dis
cuss it with them, wanted to find
out what could be done for you men
in the way of giving you life insur-
ance. They said $58 a thousand was
the lowest figure at which any insur-
ance company could afford to take
such a risk, and that only for one
year. At the end of one year they
might increase that rate. So that if
you desired to take life insurance
from private company it would cost
you $3.50 year for $4,000 of in
surance, which is more than the en-
tire pay you receive from the govern
ment. That manifestly puts life in
surance from private companies be-
yond your means.
When the government calls you
into the service it destroys your in
suitability. The duty of the govern
ment is to restitute that destroyed
instability and to put every man in
position to get insurance. There isn't
man with an American heart under
his jacket, if he has dependents,
either wife, children, mother, father,
sister, invalid brother, or anyone else
dependent upon him for support, who
does not want to take life insurance
for them.
What then has the government
done? 1t has provided in this law
that every man in the army or navy
of the United States may within four
months after enlistment-you must
exercise this privilege within four
months, but you do not have to take
it, you can have it If you want it
take from $1,000 to $4,000 of in
surance-from whom? Not from a
private corporation, but from your
government.
No Failure to Pay Policy.
| The people of the United States
are going to insure your lives in the
strongest insurance company in the
world. There will be no failure to
pay the policy with the government
Of the United States behind it. You
only pay for this insurance il you
take it, and at rates based upon what
is called the American table Of NOR
tally in peace time. This table rep
resents the actual cost OF insurance
as determined by the scientific ac-
tuarial tables, without any overhead
charges, without any commission to
agents, without any salaries to Of
ficers, without any cost of advertising,
without expensive Office rent, or any
thing of that sort. The government
is going to pay all of these overhead
charges itself.
The rate that you men will have to
pay is from about $40 per annum
upon $1,000 at the age of FL, to
1921 per annum at the age of Al.
That would mean that any man in the
army or navy could buy $4,000 of
life insurance for the benefit of his
dependents at cost of from $64 to
$50 a year. ! think you will agree
with me that there is a slight differ
ence between that and the $3.50
which would be charged by private
companies.
The policies will be payable upon
death or total permanent disability
and the proceeds will be given to the
soldiers and sailors in 24O equal
monthly installments. A policy OF
$1,000 would bring in $5.75 monthly
and policy Of $4,000 would bring
in $3.50 monthly. The period for
payments to men totally and perma-
nently disabled continues for life
even if that period exceeds 240
months. To safeguard the men dur
ing the four months left for volunta-
rily taking out policies. the govern
ment without any application, will
automatically insure every man to
the extent of $1,000 for that period.
want every soldier in the army to
take 10000 Of that insurance for
his own benefit and for the benefit of
those he loves. 1t is the best invest
ment you can make because when