Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1919-08-22
WAR RISK. INSURANCE
SOLDIERS SAILORS, MARINES
IMPORTANT NEW DECISION ON
e., REINSTATEMENT.

Glass, on July y 25, 'I signed a. decision t'ef Of
momentous Importance and interest to
discharged soldiers, sailors and marines.
In the decision Ct. D. Al, W.R.) the
Secretary ruled that discharged soldiers,
sailors and marines who have dropped
or cancelled their insurance may rein
state it within eighteen months after
discharge without paying the back pre-
miums. All they will be asked to pay
insurance to be re-instated for the
month Of grace in which they were COW
cred and for the current month.
Thus, for example, if man dropped
$4,000 Of insurance in January, 1919,
and applies for reinstatement the lst
day of September for $4,000, all he will
have to pay will be the premium for
January (the month Of grace) on $5,-
900 and the premium for September for
$4,000. Or, if he applies for re-instate-
ment of the full $4,000, he will pay a
total of two months premium on $l0,-
900, one for January and one for Sep
tember. He will not have to pay pre-.
miums in either case for the interven-
ing months.
The decision stipulates that the for
mer service man applying for reinstate-
ment 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
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 the former service
men that has been made in the history
Of the bureau.
Many service men have been deferred
from availing themselves Of the former
and less liberal reinstatement privi-
leges by reason Of the relatively large
amount of money represented by ac-
cumulated overdue premiums, and be-
cause it would seem that they were
paying for something they never actu-
ally had, which, in fact, was the case.
Under the new decision a man is re-
lieved Of the burden of overdue pre-
1niums. He has an opportunity to reha-
bilitate himself financially after getting
out Of the Army, Navy or Marine Corps
and to re-instate his insurance at any
time within Is months following dis
charge without the burden of paying
large amount Of money.
The reason payment for the month Of
grace is required under the new deci-
SION is that the insured was protected
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 drop
ped his insurance should re-instate it
Immediately, for the reason that if he
should die before reinstatement his de-
pendents will not receive any payment.
"Therefore, urge that care be taken
to make clear to every former service
man who has dropped his insurance that
the new ruling does not automatically
re-instate him, and to impress up> him
that he will be without insurance until
he voluntarily applies for and secures
reinstatement. He should Immediately
apply for reinstatement for his own
protection and that Of his dependents
"Don't forget that men die or be-
come disabled in peace times 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 Of his discharge and conse
quently may not be able to secure rein
| statement.
"Don't put off reinstatement. Do il
now.'
If the policy holder is unable to keeI
the full amount of War Risk Insurance
he carried while in the service, he may
re-instate part of it from $1,000 up t.
$4,000, in multiples Of $500. Reduc
tions may be made in multiples Of $500
to any amount, but not less than ST 900
! Premiums are due on the first Of th'
month, although payments may b.
made any time during the calenda
month.
| Premiums should be paid by check
draft or money order, payable to th'
Treasurer of the United States, an(
sent to the Premium Receipt Section
Bureau Of War Risk Insurance, Wash
ington, D. G.