Evening star., 1919-10-07
INQUIRIES Answered.

inquiries Answered.
The following inquiries are an
| sWsred through the columns OF tnls
paper because of their general m
War Risk Editor: was honerabay
DISCHARGED from the service Septem-
Der 22, 1918. Up to the date of my
discharge I carried ten-thousanG-
we're paid up to and including July,
1915. I desire the following informa-
| tion:v {a1 To convert my prese0t
policy into a twenty-year endoWment
policy, will I have to pay premiums
(b) At thifty-nine years of aga what
| is the monthly premium on three
thousand dollar tWeRty-year enoo~
ment policy? (c) Has the law been
changed 80 a. to pay IsGav tne SMr s'1 nT
the insured at death or upon matur-
| ity of an endowment policy,
II the dates given are correct your
| inquiry is somewhat confusing. as you
did not carry insurance up to GATE
of discharge" If it lapsed July 81
1918. But the var risk bureau says
you may reinstate your policy ana
convert it, though l would ADVISE
prompt action. (a) To reinstate and
convert your policy you need only 10
| Day pdCh Tic pA CAA4oAA AOt
ISIS, ON the amount you wish to re-
| instate and q months premium In ad-
vance at the new rate. eo) A
| 81. .oae 2eryear endQwmept Will cost
you 31oA per month. or d23.33 Per
| year II paid annually in advance. fel
| lump sum at maturity: The sweet
bill which has passed the House and
I is now before the Senate will allow
| the fun amount of the policy to be
I paid the beneficiary in lump sum
| in case the insured dies before the
policy natures.
| Cash Surrender Values.
/, War Risk Editor: Have been carry
| ing q $4,000 policy for about two
years (a) If this is converted into .
ftwenty-year endowment policy and I
found out 1 could not meet the pre-
miums could reduce the policy to
| ZOO and get q cash surrender value
on the $4,000 t6) II SO. would the
original policy or back to the date 1t
was converted? In other words, does
| the policy holder lose the premiums
paid on the original policy while in
service? (c) Can a soldier now in
service have his policy converted?
ficiary receive only $5.75 per month
on each $1,000 under any kind Of a
policy? Sergt. j. G. G..
(al You can reduce your policy at
any time and get the cash surrender
value Of the portion surrendered. (b)
iYour cash surrender value only goes
back to the date of conversion. be-
cause the rate Of your present term
insurance is SO low that it has no
cash surrender value It costs the
diers pay at that rate in one month
a.,. during that month.
The war risk bureau gives you the
n - 6uv emDioyes and the
rent Of its large buildings free, but
II. uoes not give you any free cash.
}All of the six permanent policies have
a cash surrender value, because the
premium for a month is something
more than the cost of insurance for
that month. (c) Men now in service
may convert their policies. (d) See
answer to question of r. A. j.
| Payment Of Back Premiums.
!, War Risk Editor: ! was dis
charged in January, 1913, and did not
August. When I made application
(for reinstatement they made me pay
Iau back premiums, amounting approx
imately to $35. AS I had no protec-
ton whatever from January to. July,
why did I have to pay Tor those
l HOHSuoS, ALI AoS SASASASA ~
fund.-" r. j. L.
evidently you reinstated your poll
cy prior to July Is, 1919, on which
date Secretary Glass of the Treasury
Department ruled that back premiums
need not be paid for the time when
the policy was not in force. You will
be given credit for $35 less one
mo1@h's premium, and this amount
will be applied on your future pre-
miums. I suggest that you write at
once to Mr.. r. w. Emerson, assistant
director, war risk bureau. Washing
ton. D. c., setting forth the facts in
lyour case and asking him to send you
q statement of your. account. In writ
ting give your full name and adj
dr. ess, your rank and organization At
the time of applying for insurance
your Army serial number and the
number of your policy.
War Risk Editor: Please state the
amounts should have to pay on the
different policies at the age of twen-
ty-four years. c. A. c.
Following are the rates per
$1,000: Ordinary life, ;1.26 per month.
$14.SS per year; Repayment life, $1.51
per month, $17.S4 per year; 20-pay-
ment life, $1,88 per month. $22.2I per
year z0-yeeri endowment, 1882 per
month. 339,2t per- year: so-year en-
dowr1ent s2,es Der month, $24.57 Per
| year, snaowment ct age Of 81, si.ss
per month. sis.2b per year.