The Miller press. [volume] (Miller, S.D.) 190?-current, 1919-04-24
CONVERT U. S.
WAR INSURANCE
Several Different Types Of Policies
VIII Be Offered

S Hs@NsSs NhO
present War Risk Insurance is Of
utmost importance. The date for the
beginning of conversion has not yet
been set, but az oon as the President
officially declares peace or Congress
passes a special act authorizing con-
version. 1t will be possible for all
persons who are carrying Government
Insurance to convert 1t into the new
types Of policies. II Is expected that
the date for the beginning OF CONVEX
sion will be about June LIST or perhaps
earlier
In order to be able to convert the
War Risk Insurance. IL is necessary
to keep up the payments on the pres
ent insurance. These payments
should be made each month by certi-
fed check or Money Order made pay
able to the Treasurer OF the United
States. and forwarded to the Disburs-
ing Clerk, Bureau of War Risk In
surance. Washington. ID. G. III the
payments are not made within the
month the Insurance automatically
lapses, but II may be re-instated upon
payment of back premiums, provided
the individual can show evidence of
instability. The certificate Of any
reputable physician will be accepted
IS evidence OF instability. The in
surance may be re-instated at any
time within six months, but after that
it is lost entirely.
1t is not necessary to convert the
insurance Immediately but 1t Is adj
visable to convert as quickly as prac-
ticable. In order to take advantage
of the lowest possible premium. The
insured has five years in which to o n
vert, and he must not exceed that per-
iod of time IL he wishes to retain his
insurance 1t is not necessary to con-
vert the insurance into any one parti-
cular policy. The insured may carry
his insurance in several different
types of policies II he wishes, and he
may convert into these policies at diff
ferent times, and in any amount from
$1,0G0.00 on. in multiples OF $4,000.
the only requirement being that he
must convert during the period of Ave
years. IL the insured elects to wait
a year or two before converting his
insurance. he will simply continue to
make the premium payments as he is
at present until such time as he feels
he can convert.
The Government is going to contin-
ne to carry the insurance after IL is
converted. The cost of carrying the
insurance will be borne by the gov
eminent and for that reason the rates
on these policies will be considerably
lower than regular life insurance COM
panies granting similar policies. The
premiums on the hey policies will al
ways remain the same, there being no
increase from year to year as on the
present form of insurance.
The government is offering six types
of policies: Ordinary life: 20 pay
life; 80 pay life; 20 year endowment;
30 year endowment; and an endow-
ment policy which natures at the age
of 81 These policies are similar to
policies of the same type issued by
regular life insurance companies.
The premiums on these policies may
be paid monthly, quarterly. half-year-
ly or yearly. as desired. and the in
sured may change from one method
of payment t. another at any time he
chooses to do SO. IL paid monthly
the premium will be due on the first
day of the month, but may be paid
any time during the month.
Policies may be reduced at any time,
but not increased.
There will be no medical examina-
ton required when converting to the
new forms of policies.
There is no restriction as to occu-
patton, residence or travel.
The proceeds Of all policies are non
taxable. The insurance is unassign'
able and free from the claims Of cred
itors.
Dividends will be paid on these poll
cies annually. These dividends mal
be taken in cash or deducted from tn
premium, or may be left with TIT
government to accumulate at com
pound interest.
Cash values on these policies ar
provided and the full value may b
obtained at any time. after the end o
first year. Loans may also be mad
on the policies up to "a per cent O
the cash value.
In the event the insured finds Il ne
cessary to lapse his policy. he ma
take paid-up insurance, extended In