The evening Caledonian. [volume] (St. Johnsbury, Vt.) 1918-1920, 1919-02-15
Soldiers and Sailors
Insurance Changes

Every soldier or sailor in this Wei
nifty, or every parent or relative of a
soldier or sailor who has taken out
War Risk Insurance with the govern
ment before going abroad, should be
interested in the following informa-
ton about their policies and money,
sent out for publication by the War
Risk Insurance Bureau.
Information Bulletin No. l.
/. Present certificates are one
year renewable term contracts, and
may be continued as such for a pc
Rod of five years only, from the de-
claration of peace.
2. At any time during this period
of five years the term policies may be
converted without medical examina
ton into any one of the following six
| forms: Ordinary Life, Twenty-pay-
ment life, Thirty payment Life,
| Tweny-year Endowment, Thirty
year Endowment, and Endow-
ment maturing at the age of So. If
the term policies are to be converted
as above, the conversion must take
place during the five year period
mentioned.
g. These forms will be the only
ones written and the insurance will
be carried by the Government at
rates considerably lower than private
companies.
A. The rates are net rates based
upon the American Experience Table
of Mortality with interest at 31A per
cent figured upon q monthly basis.
All expenses of the Bureau are paid
by the Government, thereby permit
ting the net rate. This means that
the monthly net rate will average
fifteen per cent below similar rate
in participating private companies.
S. Policies will contain waiver
of premium and total disability clause
making the policies payable at any
time that the insured becomes total
ly and permanently disabled, regard
less of age. No policy in a private
company contains similar clause
running beyond the age of IS. An
average rate of eight per cent would
have to be charged for such policy
in private companies.
| 7. Converted policies will partici-
pate in dividends earned from any
mortality or interest savings. These
dividends may be used to reduce pre-
miums Or accumulate at compound in
terest. These dividends may be used
to reduce premiums or accumulate at
compound interest.
8. All policies are non-taxable, in
contestable, and non-assignable.
8. Cash values under converted
policies are provided beginning at
the end of the first year, being the
full 3 ~ &per cent reserve values.
Loans may be made up to "a per cent
of cash value. Participating, paid-up
and extended insurance is guaranteed
Il in all converted contracts.
H 10. All policies are payable in
event of death, only in 240 monthly
installments. Endowment policies are
\ payable in cash at maturity if desir-
ed.
| II. A bill before Congress extends
the permitted class of benefciaries,
and provides for full payment to
estate if no benefciaries in permitted
class are living when policy becomes
a claim.
IL. Policies may be reduced, but
not increased.
ID. Rates for converted policies
are at age attained and no credit can
/ be made for term premiums paid.
Ia. All premiums are due on the
first day of each month and should
be sent to 9sDisbursing Clerk, Bureau
of War Risk Insurance, Washington
d. c." Checks and money orders
should be made payable to the Treas
urer of the United States.
Is. A grace of one month is al
lowed in payment of premiums and
liberal reinstatement provisions dur
] ing period of two years from date
of lapsation are contained in the
/ policy, which will be published short
/ ly.
IT, Further information concern
ing conversion, including rates,