The Pensacola journal. (Pensacola, Fla.) 1898-1985, 1919-03-20
DETAIL EXPERT
ADVISORS HERE
ONWAR POLICY
GOVERNMENT SENDS OFFICERS
HERE TO GIVE ADVISE ON Coz
VERSION or INSURANCE..

vice men to continue their war risk
insurance and to take advantage Of
the opportunities offered to convert
cies at a reduced rate.
To facilitate the retention OF this
insurance and to induce service men
to change to standard policies with
which they will be well satisfied, two
service men have been detailed here
to encourage this work In lengthy
article given The Jour-. the officers
explain the work as follows:
Twelve reasons why you should hold
on to your government insurance.
1. Insurance strongest imaginable
backed by the United States govern
ment. This is important on account
OF extremely low premiums charged
and gifts provided. Uncertainty OF
our future Is very great, but no matter.
what happens. with the United States
government backing your policy, fall
ure IL unthinkable.
2. Insurance absolutely free of ex-
Dense. There are no overhead charges
such as agents commissions, medical
fees. rents. wages. taxes. etc.
3. Premiums are absolutely net. be-
ing based on the American Experience
Table Of Mortality and 8 L. per cent
interest rate. European insurance
companies base their rates on a 2 per
cent interest rate, and most American
companies base their rates on a 3 per
cent basis, and their premiums are
higher for this reason. The higher the
rate OF interest guaranteed the lower
the premium will be, and vice versa.
e.. Absolutely participating. Divi-
cends have been conservatively esti-
mated to be about 20 per cent of the
premium charged. These can be ap-
piled to the premiums, thereby reduce
Ing them just tina. much, or taken in
cash. or left with the United States
government to accumulate at IL per
cslis interest
Higher Interest.
dividends ala made Up from ic :-st-
racnts and loans such as loans on the
policies at per cent first NOR sagc
oAns, farm mortgage loans at 5 per
Sent, and az there are no expenses OF
administratio and no taxes. the gov
ernment will no allie to earn q higher
rate OF interest than he 8 1-2 pa.. GER.
guaranteed. and all cser this amount
is returned to you as dividends
5. II you pay your premium annual-
> ~ q i-annualis. y. quarterly md
should die hef)..: the expiration Of this
period, the governmel.t promises 70 lay
back the unused part of the advance
:srsin,. IN pr /: ~. Fer instanc II on
January 11th you pay one years prem
iom on your FOLEY AMI should lac Q
March 9th, the government will return
to sou tire ten t1Dl Incnths's premium
r.: used. No life Insurance compa..:
In amor .ca writes ;;acil q contract to-
- g. a no ~. 1i<,.. ~.
permit monthly payment of premiums
with mt charging an adder per cent
u the s.tvilege.
Ccse inment in.sur;l.:.e is '7.o9.
testable. 1t covers suicide. military or
naval service. travel, dangerous work
OF any kind. without any restrictions
whatsoever. and also without any add
ed cost. As you no doubt know, priv
ate companies charge extra for many
Of these hazards, and have to. but
this Is just one OF the gifts the govern
mont can AFFORD to give it's fighting
men.
Z. In no policy will you find greater
liberality. After one years premium
has been paid in to the government
you can borrow on your policy. and
4 you pay your premium for one year
instead of one month, you can borrow
"
insurance companies say you cannot
borrow for the first three years. and
their reason for this is that the cost
Of writing you a policy is so per cent
or the first years premium. due to
medical fees, agents commission, etc.
The government has no such expense.
3. All policies written by the gov
eminent contain disability clause
which promises to pay to you In case
you are unable to pursue ANY sub
stantially gainful occupation" the full
amount OF your monthly installment Of
1915 per $1,000 of Insurance as long az
you live. This clause has no age limit.
as is found in similar clauses OF private
lie insurance companies. 1t really
amounts to old age insurance, for no
matter how old you are at the time
you are permanently disabled by dis
ease or accident. this amount will be
paid to you monthly. Private life in
surance companies have an age limit
of from 60 to 65 on a disability clause
Of this kind, for after that age a man
Il very much more susceptible to dis
case or accident. and the cose OF suci.
=. cause after IS would be much
greater.
Are unasienabls.
3. The proceedings of the govern.
ment policies are unassignable. and are
not subject to creditors or claims OF
benehciaries. They cannot be assigned
to another person for the very reason
that by assignment you defeat the
purpose of life insurance-the protec-
ton of the ones you love and care for.
For this same reason no creditor can
come TO your beneficiary and say
You owe money. I am going to take
your life insurance money to cover the
debt" The government has provided
90 that when you die and leave your
insurance to protect your wife or chill
dren. II will protect them against all
odds.
10. Also. the proceeds of this insur-
ance. as well as the premiums are
free from all taxation. With private
companies there is a large tax to he