The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1920-06-04
Former Service Men May Now
Convert Their Insurance Into
Permanent Policy.
PROVISIONS ARE VERY LIBERAL
Ruiina Permits Reinstatement Of
Lapsed or Cancelled Insurance Be-
fore July I. Regardless Of How
Long Man Has Been Discharged.

WaShingtnn.--Whrn congress passed
the war risk insurance act. which has
been characterized as the most lib
eraI law ever placed on the statute
books "f Il grateful na,i"n." 1t provided
that IT,. wartime policies. which were
| planned To endure for only five years.
might he converted into permanent
! forms Of life insurance I" he issued by
| the United States government. An
n",lncen,ent of the actual provisions Of
the new policies which now Is made.
; WAS deferred until necessary supple
mental legislation c'"nld he passed.. In
| order that the policies might be made
models of lihernlity.
These policies ar" issued to former
and active service m"n and women Of
the American forces. IN terms which
have been made exceptionally favor
able. in recognition Of their sacrifices.
The government pays all the costs Of
administration.
4 total If 4.flO3SS applications for
war risk Insurance. representing more
than SlOOnO NmMN. have hcen re-
! ceived in The bureau Of war r'sS in>nr-
ancp. The applicants. in many cases.
have been awaiting definite announce
uent of the terms Of the new policies.
before npplying for conversion Of their
war risk insurance to permanent forms.
Others cancelled their war riSi insur-
nncp or permitted il tn lapse. lna>,much
as It l. necessary that the war risk
! ttprm) insurance must he in effect at
the time vt conversion to one If the
permanent forms If Insurance. II Is an
ticiymte,l that many who dropped their
!, Insurance will hasten to reinState II
under thu liberal ruling which permits
| rpinSt :. ienpnt Of !anSe,l or cancelled in.
Surance. amy time before July !. 1890
on payment 1T only two monthly pre-
miumS on the amount If insurance to
be reinstat~l. the application tn he ac-
con,panietl merely hy II satisfactory
statement If health.
The six permanent forms Of United
States government life Insurance into
whicl, the wartime insurance may he
converted are:
| I. Ordinary l'fe.
. Twenty-naymrnt life.
:. Thirty payment life.
| 1. Twenty-year endowment
:. Th!r!y-year endowment.
/ 6. Endowment maturin. ut age sixty
two.
The New and important Features.
The principal features IN tho t'nttet
States government life insurance con
trocts. which have M.cn approved h!
Secretary If the Treasury n. +. Hons
ton AMI arc heing issued by DircctO
n. G.. rhoin"lev-.I"n"s "f the bureau q
var risk Insurance are:
, First. that the insured has three
0,,sincal settlements:
Opti"n I. Insurance rayah,e in on
sum. Settlement under this option vii
I've made only when the form has hee
selected hv the insured during his life
tim. or III" payment IN one sum Is ~
Nmpste,l in his last will and testament.
~Option .. Insurance pnyahl. in cleo,
e.l installnents. The monthly install
,,elits are nmyahlp for nm agreed nun
her 1T months under their form If cot
tract (nor loss than G3) to the de<i,
mated beneficiary. hut II such bcn'
fIciary dies before the agreed numhe
| NJ monthly instailmen,s has been pai'
tho remaining unpaid monthly Il
stallmants will I've payable In accnr,
] ancc with the beneficiary provisions I
the policy.
. Option 2. Insurance payable In install
! / AN,.N,ss,1, O0fo Thn inofsa 0eN1
] may he payable throughout the 1T
ttiu,e Of the designated beneficiary
they sd elect. hut II such designate