The Manchester journal. [volume] (Manchester, Vt.) 1861-current, 1920-04-29


should See That His Insurance is
Kept Up Liberal Policy Of the
Government.
Colonel r. G. Cholmeloy-Jones, di.
rector OF the Bureau Of War Risk In
surance, makes the following an
nouncement regarding the policy con
tracts to be issued under the United
States Government Life Insurance
Policy converted insuranoe) to which
the War Risk Term Insurance may be
converted
Among the principal features in
eluded in the u. S. Government Life
Insurance contracts, which have been
approved by Secretary Of the Treas
ury, ID. Il. Houston, are:
First. that the insured has three
optional settlements;
Option l-Insurance Payable in One
Sum. Settlement under this option
will be made only when selected by the
insured during his life time or by his
last will and testament.
Option 2-Insurancc Payable in
Elected Installments. The monthly
installments are payable for an agreed
number of months mot less than 36)
20 the designated beneficiary, but IL
such beneficiary dies before the agreed
number Of monthly installments have
been paid, the remaining unpaid
monthly installments will be payable
in accordance with the beneficiary
provisions Of the policy.
Option 3-lnsuranee Payable in In
stallments Through Life. The INSTALL
ments may be payable throughout the
lifetime Of the designated beneficiary
If they so elect, but If such designated
beneficiary dies before 240 such in
stallments have been paid, the remain
ing unpaid monthly instalments win
be payable in accordance with the ben
eficiary provisions Of the policy.
Total and Permanent Disability
Benefits.
Second, the policies provide for total
End permanent disability benefits to
the insured covering the entire period
the policy is in force, and during the
peliod Of the insured's total and per-
manent disability. The total and per
manent disability feature is also in
eludcd in the paid-up and extended
/ features Of the policy contract.
Total permanent disability as re-
foTred to in the policy contract is any
impairment Of mind or body which
continuously renders il impossible for
the disabled person to follow any sub
3tantially gainful occupation and
which is founded upon conditions
which render it reasonably certain
that it will continue throughout the
life Of the person suffering from IT.
There are six plans Of United States
Government Life Insurance Convert
ed insurance): (D Ordinary Life, (2)
Twenty-payment Life, t3) Thirty
payment Life, (4) Twenty-year En-
dowment, % Thirty-year Endowment
and Endowment maturing at age 62.
The policies include participation in
tdividends, incontestability, freedom
from restrictions as TO travel, resi-
Gence, occupation, etc, cash surrender
and loan values, liberal reinstatement
provisions and other features which
make the insurance Of unusual value.
The policies themselves are now be-
ing printed and will be issued to all
those who have availed themselves Of
their privilege TO convert the wartime
term insurance into the new forms OF
u. S. Government Life Insurance pol
icies.
If War Risk iterm) insurance has
lapsed or been cancelled, il is neces-
sary TO reinstate il before or at the
time of conversion into one Of the new
policies. Under a special ruling, no
matter how long a service man has
been discharged or how long his insur-
ance has been lapsed or cancelled he
may reinstate his War Risk ,tcrm)
( insurance any time bef7rs July J,
1920, or within ls mon'hr after his
discharge, If that be later date, By
the payment Of only two monthly
premiums on the amount OF insurance
TO be reinstated, and satisfactory
statement Of health with his applica-
ton.