Newark post., 1919-10-08
DISCHARGED SOLD
TER IERS ARE URGED TO
RETAIN INSURANCE
Government Allows l6
Months to Reinstate If
Allowed to Lapse

,.,I j., action, died Of wounds or from
,L.. ,.oY4p4 during the war was 23
,,. and hrtuuse Of their youth, by
-, 4bc Greater percentage were un-
,,ar,.inl men, Which explains why AZ
nor cent Of the policies taken out NAM
r. ,oothc.~ as benetlciaries, Is per
rnot named fathers and only per
cent named wives.
L. rho original War Risk Act pro-
,.;s;on was made for the policies writ
+,r an service men during the war to
1,o continued as permanent Govern
roor+ Insurance. To avail themselves
Of the opportunity to convert their
War Risk Insurance into permanent
United States Government Insurance
+ is necessary that the men discharg-
cd from service continue to pay their
monthly premiums, and at some time
during the five years following the
formal declaration of peace that they,
convert into a permanent policy
From the record it appears that
onIv about 25 per cent of the men who
had insurance during the war are con-
truing to keep up their insurance.
This is largely due to the fact that
+ba men were unfamiliar with the pro-
visions of the Act, or that they have
not felt financially able to carry their
insurance at this time.
To guard against any man losing
his right to Government Insurance
because of this condition the Secretary
of the Treasury recently issued
ruling allowing every man eighteen
months in which he has the opportun-
itv to reinstate his insurance after he
has allowed it to lapse because of nom
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
Icge merely gives him tn eright to
again have Government Insurance
without undergoing physical examina-
ton, and upon the payment of two
moths premiums.
4 nation wide campaign has been
inaugurated for direct personal con-
tact with former service men through
which they may be informed Of their
rights to permanent Government IN
gurance, and in this campaign have
tecn enlisted the American Red Cross,
the Y NJ. c. A., the Knights of Co.
lumbus, the Salvation Army, the Y.
NJ. H. A., the Boy Scouts, and numer-
Gus other National social welfare Or
CARNATIONS. In addition more than
$4,000 life insurance agents have been
enlisted. The volunteer roll further
includes thousands of bankers, doc
tors, lawyers, manufacturers, other
business men and representatives OF
all associations which come in contact
with discharged service men and their
dependents.
The former service man who lives
on the farm will be reached to large
extent through banks which have vol
unteered to serve as clearing houses
for information on War Risk lnsur-
ance.
There are six permanent forms OF
government insurance, as follows:
1-2O Year Endowmen t.
80 Year Endowment.
80 Payment Life.
40 Payment Life.
Endowment at age 62.
6.-Ordinary Life.
Applications are being received by
the Bureau of War Risk Insurance
for changing the present term insur-
ance, which was issued at the time OF
entering the service, into the perman-
ent forms.
Ten features which prominently
stand out in the government policy
are as follows:
l. The total permanent disability
clause is granted without cost to the
insured and it is free from all re-
strictions.
2 Government insurance does not
charge its policy holders any over:
head expense.
). 1t contains an extremely liberal
definition Of disability.
4. L gives very substantial pay,
mentS
D. 1t contains no age restrictions.
b. 1t is unrestricted as to travel
residence or occupation.
l. Premiums paid in advance are
refunded down to the month, in case
of death.
g. The policy is non-taxable.