The Washington times., 1917-04-11
INSURANCE RATES
FIXED FOR SOLDIERS
Increases Apply to Service Out
side the United States
Only.

NEW YORK, April 11.-Eleven OF
the great life insurance companies
have announced new rates on policies
containing war clauses. In most cases
no extra premiums are demanded for
military service within continental
United States. For service abroad all
payments are suspended Unless the
holders agree to pay extra premiums
amounting to an average OF 10 per
cent of the face value of the policies.
Although IL was announced yester-
day that there would be no more meet
ings of the Association OF Life Insur-
ance Presidents to discuss war insur-
ance, and that all of the companies
would fix their own rates. IL is evil
dent from the announcements made
yesterday that most OF them have
adopted in principle a draft OF a war
clause which q special committee OF
the association drew q few months
ago.
The Equitable Life Assurance So
ciety was one of the first to make
Known its war conditions In all in
stances policies written before the
declaration of war are incOntestable
unless they contain war clauses, and
few do. The Equitable admits the in
sured to enlist in military, naval or
Red Cross service within the United
States. For service in foreign lands
during the first five years of the
policy all holders must notify the
company OF their enlistment withip
ninety days and shall pay an extra
premium not to exceed Is per cent of
the policy face. All disability benefits
are void on entering military service.
Each Adopts own Rule.
William r. Compton. New York
manager of the John Hancock Com
pany, said yesterday he had received
word from the main office in Boston
that holders of policies made. up to
April would be paid irrespective of
military service, unless the policies
contained war clauses. Policies writ
ten since then, he said. would contain
war clauses, with extra premiums not
exceeding 8 per cent of the face value
OF the policy.
The Massachusetts, Mutual has an
nounced that II will waive extra pre-
miums on all policies made up to April
z. These policies do not permit war
service, so the ruling is patriotic. The
Phoenix Mutual has made some amend
ments for military men, but has not
yet decided upon any war rider.
The Prudential Life Insurance Com
pany. with its head office in Newark,
yesterday decided to write war clauses
in all new policies. The company will
charge an extra premium of 10 per
cent on the face value of the policy to
all who accompany an eXpeditionary
force during the first five years of the
policy.
VALVES On Prior Policies.
The Travellers Insurance Company
has waived restrictions on all out
standing policies up to April ,. 1t
voids the disability clause for mill
tary or naval service. 1t incurs an
extra premium of 10 per cent for
war service abroad or II the insured
is employed in repelling the Invasion
of an enemy. The West Coast-San
Francisco Company will not place any
extra premium on holders who see
service in the United States. but in
sists on 10 per cent OF the face value
of the policy for active service else
where.
The Germania Life has decided to
impose a war clause in all new poll.
cies during the first two years of all
who engage in military or naval ser
vice. The extra premium for the
first year will be 10 per cent OF the
face of the policy and 5 per cent for
the second year.
The schedules Of war policies made
by the Aetna Life and the Connecti-
cut Mutual demand an extra premium
OF 5 per cent for foreign service. No
extra premium Is demanded for do
mestic military service except for
those who enlist in the aeronautic
branch.
The Illinois Life demands an extra
war premium Of 0 per cent. The
State Mutual will accept no war risk,
and IL the holder violates this agree
ment will refuse to pay any part of
the policy except the return OF prem
iums.