Richmond planet. [volume] (Richmond, Va.) 1883-1938, 1920-02-21
SPECIAL RULING ON REINSTATE-
MENU OF TIE WAR EJSk
INSURANCE..

Under now and very liberal
ruling Of far-rcaching Importance to
nations of former service men, issu-
cd by Director II. G. Cholmelcy-Jones
OF the Bureau of War Risk nsur-
ancc with the approval of Secretary
|of Treasury Carter Glass, War Risk
iterm) Insurance regardless of how
long it may have been lapscd or can
ccled, and regardless of how long the
former service man may have been
discharged, may be rcinstatcd any
time before July l, 1920.
The only conditions arc:
!. Two monthly premiums on the
amount of insurance to be reinstated
must accompany the application.
=. The applicant must be in as good
health az at the date of DISCHARGE or
,at the expiration Of the grace per,rl
whichever is the later date, and so
state in the application.
The new ruling is the most import
ant liberalization Of War Risk IN
Surancc since the passage of the
Sweet bill and is designed for tho
benefit of service men who failed to
rcinstatc their insurance prior to the
law, and who have been DISCHARGED
moro than IS months
EX-scrvicc men may still rcinStatc
their lapscd term insurance at any
time within is months following the
month Of discharge by complying
with the same conditions. Within
3 months following the month Of dis
charge reinstatement may he made
by simply renting 9 months prem
iums without II formal application or
statement as to health.
Reinstatement may also he made
after is months following discharge
rs followS: If the insurance has not
been lapscd longer than three month
by complying with the conditions
outlined III |. and >, above From tie
fourth to The eleventh month, inclu
&ivc, after lapse by complying with
the same conditions and in addition
submitting Il formal report Of cXamjna
ton made by Il reputable physician
SubStantiating the statement of health
~ the satisfaction OF the Director Of
the Bureau
In announcing the new ruling, Di
rector Chomclcy-Jones desires to
emphasize the fact that War Risk
Otcrm) Insurance or u. S. Govern
mcnt (convcrted) Life Insurance may
now be made payable to any Of the
following new and enlarged group of
bencficiaries:
Parent, grandparents stcplparcnt,
wife Cor husband) child, step-child,
&C opted child; grandchild, brother,
sister, half brother, through adoption
sister through adoption stepbrother,
, steps'ster, parent through adoption,
uncle. aunt, nephew. niece, brother
in-law sister in law, persons who
lave stood III the lc,;,t,on of a paren,
to the insured for apcriod of one
year or more prior to his enlistment
or induction, or the child or children
OF such persons; parent, grandparent
step parent, or parent through adopt
ion OF the insurcd's wife Cor hus-
band
War Risk tcrm) Insurance may be
converted into United States Govern
mcnt Life Insurance, now Or at any
time within five years after the form
al termination of the war by procla
nation OF the President. ~
United States Government Convert
ed Life Insurance including Ordinary
Life. Twenty Payment Life. Thirty
Payment Life, Twenty Year Endow
mcnt,, Thirty Year Endowment and
Endowment at Age CO, may now be
paid in n lump sum at death il such
method of payment is designated by
the insured.