The Idaho Republican. [volume] (Blackfoot, Idaho) 1904-1932, 1919-09-05

period of weeks an authorized ques
ton and answer department, carried
on by the use of sample list o.
questions with answers from the
war risk bureau, and also by direc
correspondence with the bureau. An!
returned soldier, sailor or marine II
welcome to send us his questions ant
In this column ne will ind al
answer; simply address The Idaho
Republican.
AS q forword on insurance; there
are three principal kinds, ordinary
life, which you pay all your living
days; limited payment life (twent,
payment, etc. which you pay for II
a certain number of years and are
then insured for the rest OF your life
for no further consideration; endow.
ment insurance, which is q policy
that pays you face. value at the end
Of period Of years, insuring you
in the mean time-merely q sum OF
money you save by annual OF
monthly payments and never see un-
til it is all saved.
@. 1. What kind OF policies are
offered by the bureau of war risk in
surance into which may convert my
present term insurance?
A. The bureau offers six policies,
as follows: Ordinary life policy;
twenty-payment life policy; thirty
payment life policy; twenty-year en-
dowment policy; thirty-year endow-
ment policy; endowment policy ma
turing at age sixty-two.
@. 2. How long time do have in
which to convert my insurance
A. Five years after peace Is de-
cleared. II you keep your term in
surance in force during this period,
you can convert 1t at any tina. If
you do not convert it, 1t will cease at
the end Of five years.
@. 8. Will the government con-
tinue to carry the insurance after it
is Inverted?
A. Yes.
" @. 4. Do l have to pass physical
examination in order to CONVEX. my
insurance?
A. No.
@. 5. How may | convert my pres
ent insurance into one Of the per-
manent forms?
A. BY making application in writ
ing to the bureau Of war risk insur-
ance on the form furnished by the
bureau. Such application must be
by the first premium for
the converted insurance.
@. 6. When is the premium pay
able on the converted insurance, and
how must it be paid?
A. Premiums may be paid monthly
in which case they are payable on the
first day of the month. They may
also be paid quarterly, semi-annually
or annually. Should you pay quart
erly, semi-annually or annually and
die, the discounted value of the pre-
miums paid in advance beyond the
calendar month in which death oc-
ours would be refunded.
All premiums are due on the first
If the month, and the insured has
he remainder of that month as a
grace period in which to pay the
premium. No interest charge is
made for this grace period, and the |
policy remains in full force during
hat period, the unpaid premiums be-
ng deducted from any settlement /
rider the policy.
Payment should be made by money
rider or check payable to the treas
lrer of the United States, and sent |
0 the Premium Receipt Section,
Bureau of War Risk Insurance,
d. G..
@. lido | get any credit on my
policy for the premiums
which ! am paying on my present
ERIN insurance.?
A. No.
@. 8. Will the premiums on my
policy be higher than those
n my present policy, and if SO, why?
A. Yes. The reason is that you
re buying insurance at "level
ate,' which means that you pay the
anne premium thruout the whole
eriod, and that your premiums do
OF increase from year to year, as is
ne case with your present term in
urance. In addition, by the pay
lent of larger premiums now you
ecure certain privileges in the policy
UGH as cash surrender value, loan
alue and paid-up and extended in
trance values. (See question IA
or a description Of these values.)
@. 8. Can anyone else besides my
elf change the beneficiary of nv in