The broad ax., 1919-12-13

do for whites. This fact should en-
courage former service men TO hold on
to their Government Insurance.
When we speak of the advantages of
Government Insurance we are not crit
icising the private companies, especial
/ ~ those of the race. They are offering
the best policies they can, under the
law, at as reasonable rates as possible.
Here are some facts concerning Gov
eminent Insurance which every former
service man should know and consider:
BY virtue of a recent ruling made
/ by Secretary Glass of the L. S. Treas
ury, lapsed policies may be reinstated
without paving back premiums cover
ing the period of lalsatiOn. 1t is only
necessary to pay the premiums for the
first month in which the policy lapsed
and for the month in which application
is made for reinstatement. If the pol
icy-hOlder is unable TO keep the full
amount of the War Risk Insurance he
carried while in the service, he may
reinstate any part of it from $1,000 up
TO $4,000 in multiples of $500. Re
auctions may be made in multiples of
$500 TO any amount. but not less than
81, 900.
The ordinary "term' insurance.
that was carried by our service men
during the war, may be carried at the
same rate FIVE years after the signing
Of Peace. At any time before the ex-
piratiOn of Eve years, this war term
insurance may be converted into one
of the following:
~ Ordinary Life, (2.) Twenty
payment Life, 81 Thiry-payment
Life, a. Twenty-year Endowment.
81 Thirty-year Endowment, co. En-
dowment maturing at age g..
The converted policies are from SlO.-
90 to $1,000 cheaper a year on each
81, 900 worth of insurance than poll
eies offered by private companies, and
no physical Or medical examination is
necessary for the conversion of poll
eies. This is an important thing, be-
eaues many of the ex-serviee men
could not pass a rigid physical exam
inatiOn today.
Government Insurance Policies con-
tain liberal disability clause. When
the insured becomes totally and per
manently disabled, either by accident or
by natural illness, he does not have to
pay any more permiums, and the Gov
eminent pays him the full monthly
sum called for by his policy every
month, no matter how long he may live.
Furthermore, on Ensured by the Gov
eminent may engage in any Oeeupa-
tiOn, no mater how hazardous, or may
travel anywhere without affecting his
insurance, providing he continues the
payment of his premiums.
Government insurance is non-taxable |
and non-assignable. 1t is protected
from the claims of creditors. More
over, neither the insured nor the bene- |
feiary can ever pawn a Government
Insurance policy and thereby lose the
fruits of honest and noble seeri6ee |
The Government has incorporated into
every insurance policy issued, guaran-
teed values which are full reserves
without any deductions, the same to
take effect after the policy has been
in force one year.
Cash surrender values and cash loan
values, which have been provided, to-
gether with other usual features con
tanned in the policies issued by life in
suranee companies, help to make these
Government policies of the highest
value to the insured.
Another feature Of Government life
insurance is the provisions for monthly
to the benefeiaries, in
stead Of the payment in a lump sum.
This has been criticised by those who
have not given it the pOPer consider
alton, but it is really one Of the most
important advantages Of Government
Insurance. Statistics show that Of the
proceeds Of all insurance uolieies, more