The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-08-24
war INSURANCE
TOBERECAlVED
AT SMALL COST

Secretary of the Treasury Carter
Glass. at 1880 has signed a decision OF
mcmentous Importance and interest to
discharged soldiers. sailors and marines
In the decision IT. d. Al w. R.o the
secretary ruled that discharged soldiers.
sailors and marines who have dropped
their insurance may reinstate it within
Is months after discharge without pay
ing the back premium. All they VIII pc
asked to pay will be the premium on the
amount of insurance to be reinstated IoI
the month of grace in which they were
covered and for the current month.
Thus, for example If man dropped
$4,000 of insurance In January !sAs'
and applies for reinstatement the Iirst
of August for $1,000. all he will have TO
ray will be the premium for January
(the month of grace) on $4,000 and the
premium for the month of Augusct on
$4,000. Or if he applies for reinstatement
o. the full $4,000 he will pay total OF
two months premium on $4,000. one for
January and one for August He VIII
not have to pay premium In either case
fcL the intervening months
The decision stipuIates that the Tor
mer service man applying for reinstate-
ment be in as good health as at GATE
of discharge.
Former Treasury Decision w. r. 40
and other prior regulations in conflict
with the new decision are revoked.
Director r. G.. Cholmeley Jones Of the
Bureau of War Risk insurance. fol-
loving the signing of the decision, made
the following statement:
THE present decision is one OF the
most important to former service men
that has been made in the history Of the
bureau. devNWVA
Many service men have been deferred
from availing themselves of the former
ev,I I~ue- Y,v-f vi -
by reason of the relatively large amount
o. money represented by accumulated
overdue premiums. and that 1T would
seem that they paying for some
thing that they never actually had, which
in fact was the case.
Under the new decision man is re-
lieved of the burden of overdue pre-
miums. He has opportunity to re-
habilitate himself financially after get
ting out of the army, navy or marine
corps. and to reinstate his insurance any
time within eighteen months following
discharge without the burden of paying
a large amount of money.
THE reason payment for the month Of
grace is required under the new decision
Is that the insured was protected by
reason of his insurance continuing in
force during that month, and that had
he died during the period of grace, his
policy would have been paid.
SHOULD a lapse again occur, after the
eighteen months from date of discharge
may be made, providing
that at the time of application for re-
idstatement, such insurance shall not
have been lapsed for more than one year
in accordance with the conditions of the
decision.
"Of course every man who has dropped
his insurance should reinstate it imme-
diately. for the reason that IL he should
die before reinstatement. his dependents
will not receive any payment
Therefore I urge that care be taken
to make clear to every former service
ran who has dropped his insurance that
the new ruling does not automatically
reinstate him and that ne will be with
out Insurance until he voluntarily applies
for and secures reinstatement. He should
Immediately apply for reinstatement for
his own protection and that of his de-
rerdents. Don't forget that men die or
become disabled in peace time well
as IN war time. and that If a man waits
he may not be in as good health as he
was at the time of his discharge and
consequently may not be able to secure
reir tement.
Don't Tut off reinstatement. Do It
now
Address Bureau of War Risk Insur-
arcc. Treasury Department. washington
d. g.. Commandant Seventh Naval
District, Key West, Florida.