The silver state. [volume] (Winnemucca, Nev.) 1909-1925, 1919-10-04
TIME EXTENDED TO
TAKE UP INSURANCE

engaged in the war.
1t is estimated that 1,200,0 900 mer
who served in the army. the navy and
the marine corps were born ant
reared on American farms.
A total of 4,539,04S men took out
war risk insurance, their aggregate
policies totalling nearly $40.0 ,000,-
600. and each policy averaging So 700
Of this total insurance, service men
from the farming districts carried
approximately $40. APO, 900, 900. and by
far the greater percentage of this in
surance was made payable to wives,
mothers, fathers and other relatives
who reside on farms.
The average age of the men who
fell in action, died of wounds or from
other causes during the war. was
twenty-three years. and because of
their youth. by far the greater per-
centage were unmarried men. Which
explains why the forty-seyen per
cen of the policies taken out named
mothers as beneficiaries, sixteen per
cen named fathers and only seven
teen per cent named wives.
In the original wal risk insurance
act, provision was made for the poll
cies written ON service men during
the wal to be continued as permanent
government insurance. To avail
themselves of the opportunity to con-
vert their war risk insurance into
permanent United States government
insurance it is necessary that the
men discharged from service con-
tinue to pay their monthly premiums,
and at some time during the five years
following the formal declaration of
peace that they convert into a per-
manent policy.
From the record it appears that only
about twenty-five per cen of the men
who had insurance during the war
are continuing to keep up their in
This is largely due to the
fact that the men were unfamiliar
with the provisions of the act, or that
they have not felt financially able to
carry their insurance 1t this time.
TO guard against any man losing
his right to government insurance, be-
cause of this condition, the secretary
of the treasury recently issued a rul-
ing allowing every man eighteen
months in which he has the opportun-
ity to reinstate his insurance after
he has allowed it to lapse because of
non-payment of premiums.
This reinstatement privilege should
be clearly understood. So long as a
man is not paying his premiums he is
not insured. His reinstatement privi-
lege merely gives him the right to
again have government insurance
without undergoing physical examina-
ton, and upon the payment of two
month 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
to permanent government in
surance, and in this campaign have
been enlisted the American Red Cross.
the Y. NJ. C. A, the Knights of Column
bus. the Salvation Army, the Y. M. Fl.
A., the Boy Scouts and numerous
other national social welfare organi-
cations. In addition more than so, 900
life insurance agents have been en-
listed. The volunteer roll further
includes thousands of bankers, doc
lawyers, manufacturers, other
business men and representatives of
all associations which come in tom
tact with discharged service men and
dependents.
The former service man who lives
on the farm will be reached to a large
extent through banks. which have
volunteered to serve as clearing
for information on war risk
insurance.
There are six permanent forms of
insurance, as follows:
l. Tw~enty-year endowment.
2. Thirty-year endowment.
3. T~wenty-year payment life.
4. Thirty-ysar payment life.
5. Endowment at age of sixty-two.
g.. 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 en-
the service. into the perma-
nont forms.
The features which prominently
stand out in the government policy
as follows: