New Iberia enterprise and independent observer., 1918-05-04

nil. '' per cent. of those IN n,
military and naval serv;oo l,s e 'h'
country. This means tbat % the the
large ,aagest Insurance business in th, III,
world is now being cond,,a., VI 'h'
., .ne bprcan of War Risk Ins,,r ~
'. ., wv, IN me Treasury Department,
h;ll;o, maS',lTgton. More than 1e
han ,,'pn collars of life insurance
@ "s oeeh written since the pIar
~as approved by ConpreSv pa, m
~vr.ooe s,'a' b, 1917. The largest in' n'
Ia ''1e company in the world has
'esS than one-third that amo,,n,
on its books. "'''''"'
On this Governmen. ;,
'he United States bears H. 49,
pense of administration. the ex
cess mortality, and also the d;s.
'ni''ty cost resulting from hazard.
or war. TIL" soldier paws WHAT
- known as the net premium RAT.
H' the age of twenty-five th;e i
o"t $500 year for each 81 600 or
',ahce' am No company could
sell the insurance at that r,to ~
ms, ,,S'"e to ITS old policvholdersy
M .na average taken has hecn
fo'VS9 per man. For the period
OF the war and for five wears
thereafter the insurance will he
"hat is known as "term" insur-
ance. Within five years after tl,
was the insured can convert this
INTO any OF The usual forms Of
insurance at the net premium
rate Tor such forms of Insurance.
NO medical examination will ,e,
required then, and none is re-.
CURED when the insurance is first
taken out. Any one enlistjng in
fhe army or navy or entering ac-,
tive service In the nurse corps. ca,
within l2O days apply for and Sc
cure insurance up to a maximum
of $4,000.
y 1t Is not correct to say that this
insurance takes the place of the
old pension system. It's benefits
are paid in monthly installments,
for twenty years to the benc-
ticiaries, and if the insured be
comes totally and permanently
disabled. these monthly payments
will be made to him and con
tlnued through the duration of the
disability. In addition to this
insurance, however. the Govern
ment has provided for compensa
tion for death or disability apply
ing to all those in the service. This
is somewhat like the old pension
system. Death or disability. 90
be compensate, however, must
occur while in the service or with
in one year user sdischarer or
resignation, unless the injured per-
son. within the year, has under
gone a medical examination and
obtained a certificate that he IS
from an injury likely to
cause death or disability. Then
shall be payable
whenever death or disability re-
sulting from such injury occurs
This may cause year of boom
business for doctors after the war
with that done by a
certain class Of LAWYERS under the
old pension system. But the
Government s liability under this
,lan Of compensation is not like
v to Increase steadily year after
year as it has under the old sys-
,em.
These Government provisions
or insurance. for compensation.
md also for allotments Of pay to
which are doubled bv
he Government. are important
for increasing the morale ,
f our soldiers and sailors ani
making them better fighting men.
me If the incidental results of !
he insurance plan is likely to be :
n increased demand for insurance
throughout the country; If not at
nee. then after these men return
ome and the education they have !"
eceived in insurance principles :
eeins to spread Worlds Works. :
Wv. s. S. !
css>svA \ sAis a~sssa - - Ssoo
~ IN cthee 1ieooopo pus eeossAss. - -. r
- - ~ ~ Ss~np6o{ % b. meufaeoo. ~ efees '
49, SocsSss ursaosnssd \ . leoaa l.soaes anS n