The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1919-09-18
WAR RISK INSURANCE
An Explanation Of Recent Changes in
RaIes Regarding Reinstatement

An ExpAenatiOn Ot kecent Snemges In
RaIes Regssding Reinstatement
The home service section has had
many requests for information as to
the reinstatement of the government
war risk term insurance, and is in re-
ceipt of the following information:
A recent change in the rules gov
erning reinstatement Of insurance now
| permits man to reinstate any time
within 1S months after discharge with
out medical examination, by merely
stating that he is in as good health as
at the time of discharge, or the expira-
tioh of his days of grace, whichever is
the later, and by the payment of only
the premium due for the days of
grace and one months premium, on
the reinstated or converted insurance.
The man need pay no premiums for
the months between the end of the
month of grace and the beginning of
the month when his insurance is rein
stated. Thus, for example, If = man
dropped $4,000 of insurance in Janus
airy, 1919, and applies for reinstate-
ment the first of September for $4,000
all he will have to pay will be the
premium for January (the month of
grace) on $4,000 and the premium for
September on $1,000. Of if he applies
for a reinstatement of the full
$4,000, he will pay total of two
months premiums on $4,000, on for
January and one for September. He
will not have to pay premiums in
either case for the intervening months.
The decision stipulates that the form
er service man applying for reinstate-
ment be in as good health as at date
of discharge.
Director R. G. Chimeley-Jones, of
the bureau of war risk insurance, fol-
lowing the signing of the decision
made the following statement:
"The present decision is one of the
most important to former service men
that has been made in the history of
the bureau. Many service men hav,
been deferred from availing them
selves of the former and less liberal
reinstatement privileges by reason of
the relatively large amount of money
represented by accumulated overdue
premiums, and because it would seem
that they were paying for something
that they never actually had, which, in
fact, was the case.
"Under the new decision man is
relieved of the burden of overdue pre-
miums. He has an opportunity to re-
habilitate himself financially after
getting out of the army, navy or
marine corps and to reinstate his in
surance at any time within Is months
discharge without the bur-
den of paying a large amount Of
"The reason payment for the month
Of grace is required under the new
decision is that the insured was pro-
ticted by reason of his insurance con-
tinuing in force during that month,
and that had he died during the period
IF grace his policy would have been
paid.
"Of course, every man who has
iropped his insurance should reinstate
I Immediately, for the reason that If
he should die before reinstatement his
dependents will not receive any pay
nent.
Therefore, ] urge that care be TAX
N to make clear to every former SER
nee man who has dropped his insur-
lnce that the new ruling does not
automatically reinstate him, and to
impress upon him that he will be with
'ut insurance until he voluntarily ap-
,lies for and secures reinstatement
lie should Immediately apply for rein