Evening public ledger. [volume] (Philadelphia [Pa.]) 1914-1942, 1919-03-22
NAVY INSURANCE
CAMPAIGN WIDENS
Government Sends Trained
Force to Distribute In
formation on Plan
INCLUDE EVERY SECTION
Conversion and Other Forms
of Extension TO Be
Explained

That officers and men of the navy
may know and be able to avail them
selves of the full value of the govern
ment insurance. the Navy Department
is sending trained insurance men to each
naval district to work in connection
with the Bureau of War Risk Insurance
in distributing information and in the
work of conversion.
Every officer and enlisted man in the
service was given the opportunity to
take out insurance with the govern
ment, the maximum amount being set at
$4,000. This Is term insurance, the rate
of which is extremely low. and provides
protection against death and total and
permanent disability
The government is now Offering con-
tinued government insurance urnler the
present contract. at substantially the
present cheap rate for five years.
u is offering permanent government
life insurance. which can be taken at
any time within five years from the
declaration of peace at government
rates, without medical examination, pro-
vided the monthly premiums are con-
tinued on the present insurance. This
permanent life insurance will be issued
by the government in sums ranging
from $1,000 to $4,000 in multiples of
$500, in one or more Of the following
six forms of policies:
Ordinary life policy. twenty-payment
life policy. thirty-payment life policy.
tWenty-year endowment policy. thirty
year endowment policy and endowment
maturing at age of sixty-two are also
'fereo' '.sfIss
Policies Most Liberal In Terms
These policies contain many features
which make the government policies the
most liberal insurance documents ever
offered.
The premiums are low, the rates be-
ing net, based upon the American ex-
perience table of mortality with interest
at 3 u per cent, figured upon a monthly
basis. Expenses of administration are
paid by the government and are not
charged against the insurance.
The holders OF the policies will be ELI
gible to share in and receive dividends
from gains and savings.
1t permits changing the beneficiary at
will within the specified class, and at the
same time Is protected absolutely against
the claims of creditors.
The entire war hazard is borne by
the government from a separate fund
The government provides a refund in
case Of annual, semiannual or quarterly
premiums. no premium being charged for
any month after that in which death or
total and permanent disability takes
place.
Premiums are payable monthly. or
may be paid quarterly, semiannually
or annually.
The stability clause contains no age
limit. and total and permanent disability
is determined by IAN impairment of
mind or body due to injury or disease
which will prevent the insured from fol-
lowing continuously and permanently
any substantially gainful occupation. :"
In case of such total and permanent
disability during the term of the policy,
the insured will receive in monthly in
stallments $5.75 per each $1,000 of in
surance covering the entire period of
total disability for the life Of the in
sured.
The policy will have a surrender value
Of 100 per cent and a loan value of %
per cent Of the full reserve after one
year; it also provides for paid-up and
extended insurance.
Proceeds NontaxabIe
The proceeds Of all policies are non
taxable. Insurance is incontestible from
date of issue and is nonassignable.
All policies are free of conditions as
10 military and naval service, residence,
travel or occupation.
It is expected that arrangements will
be made whereby aftc: conversion pre-
miums may be paid through any post
office in the country through a form of
money order issued particularly for this
purpose. whereby the insured will i'm.
mediately receive receipt for his
money
Upon receipt of money order the
Bureau of War Risk Insurance will for
ward to the insured a receipt for the
premium. Under the general plan now
being put in operation it will be pos
sible within a short time for navy men
discharged or released from active duty
to secure detailed information in regard
to the conversion of this insurance from
any navy recruiting or sub-recruiting
office.
For the present however. the inpor-
tant thing to be borne in mind by these
men Is that they must keep up the pay
ment of the premiums on their present
insurance in order to be able to con-
vert later. Payments by men discharged
or released from active duty should be
made direct to the disbursing clerk,
Bureau of War Risk Insurance, Wash
ington, D. c.. and if checks or money
orders are sent they should be made
payable to the Treasurer of the United
States.
The letter enclosing remittance to
cover insurance premiums should con-
tain the full name of the insured, his
rating and organization at time of enter
ing service, date of discharge and pres
ent address. If necessary, the amount
of insurance may be reduced.
Liberal provisions have been made for
reinstatement of policies which were
lapsed due to misunderstanding or lack
of information. Navy men may secure
any particulars regarding the govern
ment insurance through the District In
surance Office. Building No. 20, Navy
Yard; Philadelphia.