The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-08-22
IMPORTANT WAR
INSURANCE FACTS
New Decision Makes
Matter of Reinstate-
ment Easy
UNIQUE FEATURES

oAVxVOI La 0xNxA0
1 Secretary of the treasury, Carter
Glass, on July % signed decision
of momentous Importance and in
terest to discharged soldiers, sailors,
and marines.
In the decision IT. D. At, w. R.)
the secretary ruled that discharged
soldiers, sailors and marines who
have dropped or cancelled their in
surance may reinstate it within eiGh-
teen months after discharge without
paying the back premiums All they
will be asked to pay will be the pre-
4 MUM on the amount of insurance to
| be reinstated for the month of grace
in which they were covered and for
the current month.
Thus, for example, if man
dropped $4,000 of insurance in
January, 1919. and applies for rein
statement the first of September for
! S., 900, all he will have to pay will be
the premium for January (the month
If grace) on $4,000 and the premium
for September on $4,000. Or, if he
applies for reinstatement of the full
$4,000, he will pay total of two
months premiums on $4,000 one
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
former service man applying for rein
statement be in as good health as
at date of discharge.
Former treasury decision As, w.
r., and other prior regulations in
conflict with the new decision are
revoked.
Director R. G. Cholmeley- Jones, of
!he bureau of war risk insurance,
following the signing of the decision
made the following statement:
The present decision is one Of
he most important to former service
men that has been made in the
history of the bureau.
Many service men have been de-
TERED from availing themselves of
the former and less liberal rein
statement 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 a man Is
relieved of the burden of overdue
premiums. He has an opportunity
to rehabilitate himself financially
after getting out of the army, navy,
or marine corps, and to reinstate his
insurace at any time within eighteen
months following discharge without
the burden of paying large amount
of money.
The reason payment for the month
of grace is required under the new
decision is that the insured was pro-
tected by reason Of his insurance
continuing in force during that
month, and that had he died during
the period Of grace his policy would
have been paid.
of course, every man who has
dropped his insurance should rein
state it Immediately, for the reason
that If he should die before rein
statement his dependents will not
receive any payment.
Therefore l urge that, care be
taken to make clear to every former
service man who has dropped his in
surance that the new ruling does not
automatically reinstate him, and to
impress upon him that he will be
without insurance until he volun-
tarily applies for and secures rein
statement. He should Immediately |
apply for reinstatement for his own |
protection and that of his depend
ents.
Don't forget that men die or be-
ONE disabled in peace time as well
as in war time and that If man
waits he may not be in as good health
as he was at the time fhis discharge
and consequently may not be able.
0 secure reinstatement.
Don't put off reinstatement. Do
1t now"
If the policyholder is unable to
keep the full amount Of war risk in
sIrance he carried while in the SER
vice, he may reinstate part Of it from
$1,000 up to $4,000, in multiples of
$500. Reductions may be made in
multiples of $500 to any amount, but
not less than $1,000. Premiums are
due on the first Of the month, altho
payments may be made any time dur
ing the calander month.
Premiums should be paid by check,
lraft, or money order payable to the
treasurer of the United States, and
sent to the Premium Receipt Sec