The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1919-10-10
SOLDIER INSURANCE
TAKES MANY FORMS
CONVERTED POLICIES OFFER
PLEASING FEATURES FOR
SERVICE MEN.

1t is estimated that 100000 men
who served in the army and navy and
the marine corps were born and
reared on American farms.
A total Of 4,53o,048 men took out
war rink insurance, their aggregate
policies totalling nearly $40 ,O00, 600, 900
and each policy averaging $500. Of
this total insurance, service men from
the farming districts carried approx
mately $l0,420,O0O,OOO and by far the
greater percentage of this insurance
was made payable to wives, mothers,
fathers and other relatives who reside
on farms.
fell in action, died of wounds or from
other causes during the war. was IS
years, and because of their youth. by
far the greater percentage were I'M
married men. Which explains why AZ
per cent of the policies taken out
named mothers as beneficiaries, 16 per
cent named fathers and only per
cent named wives.
Permanent Insurance.
In the original war risk act provis-
ion was made for the policies written
on service men during the war to be
continued as permanent government
insurance. To avail themselves of the
opportunity to convert their war risk
insurance into permanent United
States government insurance it is
necessary that the men discharged
from service continue to pay their
monthly premiums, and at some time
during the five years following the
formal declaration of peace that they
convert into permanent policy.
From the record it appears that only
about rs per cent of the men who had
insurance during the war are con-
tinuing to keep up their insurance.
This is largely due to the fact that the
men were unfamiliar with the pro-
visions OF the act, or that they have
not felt financially able to carry their
insurance at this time.
10 guard against any man losing
his right to government insurance be-
cause of this condition the secretary
OF the treasury issued ruling allow
ing every man l8 months in which he
has the opportunity to reinstate his in
surance after he has allowed it to
lapse because of non-payment of
premiums.
Delinquents Not Insured.
This reinstatement privilege should
be clearly understood. So long as a
man is not paying his premiums he is
not insured. His reinstatement privil- |
eye merely gives him the right to
again have government insurance
without undergoing physical cxami-
nation, and upon the payment of two
months premiums.
A nation wide campaign has been
inaugurated for direct personal con-
tact with former service men through |
which they may be informed of their
rights to permanent government in |
surance, and in this campaign have
been enlisted the American Red Cross. |
the Y. M. c, A., the Knights of Co
lumbus, the Salvation Army the Y. |
w. c. A., the Boy Scouts, and numer-
Gus other national social welfare or
CARNATIONS. In addition more than
$4,000 life insurance agents have been
enlisted. The volunteer roll further
includes thousands of bankers, doc
tors, lawyers, manufacturers, other
business men and representatives of
all associations which come in contact
with discharged service men and their
dependents.
The former service man who lives
on the farm will be reached to large
extent through banks which have vol
unteered to serve as clearing houses
for information on war risk insurance.
Forms of Converted Insurance.
There are six permanent forms of
government insurance, as follows:
l. 20:year endowment.
2. 30-year endowment.
3. 2O-payment life.
4. 3O-payment life.
). Endowment at age g.
e. Ordinary life.
Applications are being received by
the bureau of war risk insurance for
changing the present term insurance,
which was issued at the time of enter
ing the service, into the permanent
forms.
Features of Government Policies.
Ten features which prominently
stand out in the government policy are
as follows:
|. The total permanent disability
clause is granted without cost to the
insured and it is free from all restric-
tons
z. Government insurance does not
charge it's policy holders any over
head expense.
3. 1t contains an extremely liberal
definition of disability.
4. 1t gives very substantial pay
ments.
). 1t contains no age restrictions.
g. 1t is unrestricted as to travel,
residence or occupation.
7. Premiums paid in advance are
refunded down to the month. in case
of death.
g. The policy is non taxable.
9. Unusually liberal cash, loan, paid
up insurance and extended term in
surance values are included.
10. 1t participates in dividends
If the policy holder is unable to
keep the full amount of the war risk
Insurance he carried while in the
service. he may reinstate part of it