Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1919-07-16
INSURANCE ACT
WELL EXPLAINED
FOLLOWING ARTICLE is OF IN
TEREST TO EVERY MAN WHO
WORE THE COLORS.
Government Insurance.

Government Insurance.
The committee on arrangements at
the July 4th celebration at Lancaster.
are very sorry, that owing to the
storm in the evening we did not give
to you the talk intended to be given
on the question of War Risk Insur-
ance. Arrangements were made to
meet with you at the mess tent at
$3.50 in the evening, talk with you on
the subject, give you such information
as we could and hand to those of you
who have allowed your present term
insurance to lapse application blanks
for reinstatement and also to give
you application blanks to convert
your insurance to such form and
amounts as you might desire.
We are now, through the courtesy
of the editors of our Grant county
newspapers placing before you a par
tial statement on the subject.
We believe there are many of the
boys who are now carrying from
$5000.00 to 100000 who feel they
cannot afford to continue carrying the
amount and that many of you will al
low your insurance to lapse.
First of all, we wish to say to you
do not give up your War Risk Insur-
ance. You probably wilD never get
insurance at so low a cost or with as
many favorable provisions as the
government gives you in the present
plan.
1t is duty you owe to yourselves
and to your families or relatives to
carry as much as you possibly can.
If you cannot keep all of it, take
whatever amount your circumstances
will permit you.
You can convert your present insur-
ance at any time during the five
years after the declaration of peace
and without medical examination.
There are six forms of policies, as
follows:-
l. Ordinary life.
g 20 payment life.
g. 80 payment life.
A. 20 year endowment
5. 80 year endowment
g. Endowment maturing at the age
of So.
These will be the only forms writ
ten and the rates are without doubt
lower than other insurance of the
kind.
You can convert all or any part of
your present term insurance If you
now have 100000 you may convert
to 100000; $15OOOO; 100000;
$2500.00 or such part Of your $10,000.00
as you desire and can continue any
part of the remaining $40 100000 until
you fully determine the amount you
want to carry,-this to be at any time
within the five year period.
+ho
eminent and it is not taxable is in
contestable, and non-assignable
All policies contain total disabil-
ity clause so that if you become to-
tally and permanently disabled your
premium ceases and you receive from
the government monthly payment
according to the amount Of insurance
you have. This clause you should
consider carefully.
Further, after one year the new
government policy has cash and
loan value. Loans can be obtained
from the government up to "a per
cent of the cash value.
Endowment policies are payah4e in
cash at maturity If desired.
The rates are at the age attained at
the time of conversion and no credit
is made or given for premiums paid
under your present term insurance.
Policies may be reduced but can
not be increased after being issued.
All premiums are due on the first
of each month, but can be paid quar-
terly, semi-annually or annually.
If your present war insurance has
lapsed that is, if you have failed to
keep up your payments, you can now
be re-instated by making payment OF
the amount you are back, and then
you can convert and take such pol
icy as you desire.
If it is less than three months
since you were discharged from SER
vice and you have paid no premium in
that time, you may send to the Bu-
reau of War Risk Insurance, Wash
ington, d. G. the amount you are back
in payment and be re-instated without
any application.
If you have been discharged more
than three morths and less than nine
months and are back in payment of
your premium, by making application,
paying the amount owing and show
ing your health is as good as it was
when discharged, you can be REIN
stated without medical examination.
Now is the time to give this your
SpSC1dl dlI0uIlOu anu TAKE SuCu
amount of insurance as you believe
you can. A change in beneficiary
can be made at any time without the
consent of the one named
We have received from the Bureau
of War Risk Insurance,aa number of
blank applications for reinstatement;
also blank applications for CONVEX
sion and some rate books We shall
be glad to give to any boy such infor-
nation on the subject as we can, as
we'll as the blanks for reinstatement
and conversion. If you wish to OBJ
tain information from the Bureau,
write to Bureau of War Risk Insur-
ance, Treasury Department, Washing
ton, d. c." and in doing so to obtain
an immediate reply, give the follow
ing information:
1. Your name in full.