The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1919-08-22
War Risk
Insurance

Secretary of the Treasury Carter
Glass, at 1890 has signed a decision
OF. momentous importance and inter- |
terest to discharged soldiers, sailors !!
and marines. ,,
In the decision IT, D. At w, R. the !
Secretary ruled that discharged sol /
diers, sailors and marines who have |
dropped their insurance may reinstate
it within eighteen months after dis
charge without paying the back prem
ium All they will be asked to pay
will be the premium on the amount of
insurance to be reinstated for 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 1919
and applies for reinstatement the first
of August for $4,000, all he will have
to pay will be the premium for jan
uary (the month Of grace) on $4,000
and the premium for August on $4,000.
Or If he applies for reinstatement of
the full $4,000 he will pay total of
two months premium on $4,000, one
for January and one for August. He
will not have to pay premium in
either case for the intervening
months.
The decision stipulates that the
former service man applying for rein
statement be in as good health as at
date of discharge.
/ Former Treasury Decision w. R. As
and other prior regulations in conflict
with the new decision are revoked.
Director R. G. Cholmeley-Jones of
the Bureau of War Risk Insurance
following the signing of the decision
made the following statement:
Many service men have been de-
tered from availing themselves Of
the former and less liberal reinstate-
ment privileges by reason of the re-
latively large amount of money repre-
sented by accumulated overdue prem
iums, and that it would seem that they
were paying for something that they
never actually had which in fact was
the case.
Under the new decision a man is
relieved Of the burden of overdue
premiums. He has an opportunity to
rehabilitate himself financially after
getting out of the Army, Navy or Ma.
rine Corps, and to reinstate his insur.
ance anytime within eighteen months
following discharge without the bur,
den of paying large amount OF
money.
"The reason payment for the month
of grace is required under the new
decision is that the insured was pro
tected by reason of his insurance con
tinuing in force during that month
and that had he died during the period
of grace, his policy would have been
paid.
Should lapse again occur, after
the eighteen months from date of dis
charge, reinstatement may be made
providing that at the time of applica
ton for reinstatement, such insur
, ance shall not have been lapsed fol
more than one year, In accordance
with the conditions of the decision.
"Of course every man who has
dropped his insurance should rein
state 1t Immediately, for the reason
that If he should die before reinstate
ment, his dependents will not receive
any payment.
Therefore, urge that care be taker
to make clear to every former servict
man who has dropped his insurance
that the new ruling does not auto
matically reinstate him and to impress
upon him that he will be without In
surance until he voluntarily applies
for and secures reinstatement H,
should Immediately apply for rein
statement for his own protection ant
that of his dependents. Don't forge
, that men die or become disabled il
peace time as we'll as in war time
and that if man waits he may no
be in as good health as he was at thu
. time of his discharge and consequent
ly may not be able to secure rein
. statement"
Don't put off reinstatement. Do j
= now"
. Address: Bureau of War Risk In
q surance, Treasury Department, Wash
ington, D. c.; or Commandant, Sew
a enth Naval District, Key West, Fla.
K ONLY ONE THING NOW