The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1920-12-10
CHo
AMERICAN
@!I.I::;Gk)N!
Copy for This Department Supplied by
the American Legion News Service)
lContinued from last weekl


Continued from last week.
Question s. VIII the premiums or
my converted policy be higher thar
those on my present policy, and If so
why?
Answer. Yes. The reason is that
YOU are buying insurance at a "leve
rate" which means that you pay the
same premium throughout the whole
period, and that your premiums dc
not increase from year to year, as
is the case with your present term
insurance. In addition, by the pay
ment of larger premiums now, you
secure privileges in the policy such
as cash surrender value, loan value
and paid-up and extended insurance
values. tSee question IA for de-
scription Of these values.)
Question 9. Can anyone else besides
myself change the beneficiary of my
insurance.
Answer. No.
Question 10. Does a person have
to be dependent upon me in order tC
be named rs my beneficiary?
Answer. No.
Question IL. May l convert a part
of my insurance and retain the re-
mainder in its present form?
Answer Yes. You may convert
any amount from $1,000 up to the
full amount of your term insurance
in nlultiples of $4,000.
Question u. What protection does
the converted insurance provide, and
what benefits are payable?
Answer. 1t protects you in the event
you become totally permanently dis
abled, and it protects your benefi-
Charles in the event you die. Any
converted policy may be made pay
able to your beneficiary in the event
of your death while the policy is in
force. in ONE LUMP SUM, or in
installments for SO MONTHS OR
MORE. if you so designate.
If YOU become totally and perma-
nently disabled, from any cause,
while the policy is in force, the in
surance win be naid to you at the rate
of S5.75 a month per $1,000 of insur-
ance carried, as long as you live and
are so disabled.
Question 10. What is the descrip-
ton of the various forms of policies
which the bureau offers?
Answer (a) Ordinary Life Policy.
On an Ordinary Life Policy the pre-
NUNS are payable during the life of
the insured and the policy becomes
due and payable at the time of the
death of the insured or upon his be-
coming totally permanently disabled.
tbl Twenty payment Life Policy.
On a Twenty payment Life Policy
the premium is payable only during
twenty years, and the policy becomes
due and payable at the time of the
death of the insured or upon his becom-
ing totally permanently disabled. The
ifference between a Twenty payment
Life Policy and an Ordinary Life
Policy is, that instead of paying pre-
NUNS throughout his lifetime the
insured pays only for twenty years.
(c) Thirty payment Life Policy.
On a Thirty-payment Life Policy
the premium IS payable during only
thirty years. In every other respect
tbs similar to the Twenty-payment
Life Policy
(d) Twenty-year Endowment Policy.
On Twenty-year Endowment
Policy the premium is payable only
during twenty years At the end of
twenty years, if the insured is still
living, the amount for which he is
insured will be paid to him in one
sum If, however, the insured dies
before the end of twenty years, the
policy will become due and payable
to his beneficiary, either in a lump
sum or in installments, as designated
by the insured. If the insured be-
comes totally and permanently dis
abled before the end of the twenty
year period the policy will be paid
to him at the rate of 1915 per
month for each $1,000 Of insurance
carried, so long as he lives and re-
mains so disabled.
(e) Thirty-year Endowment Policy,
On Thirty-year Endowment Policy
the premium is payable only during
thirty years. At the end of the thirty
years, if the insured is still living,
the amount for which he is insured
will be paid to him in one sum. If,
however, the insured dies before the
end of the thirty years, the policy will
become due and payable to his bene-
ficiary, either in lump sum or in
installments for So months or more,
as designated by the insured. If the
insured becomes totally and perma-
nently disabled before the end Of the
thirty-year period, the policy will be
paid to him at the rate of $575 per
month for each 1000 of insurance
carried, so long as he lives and re-
mains so disabled.
a. Endowment Policy Maturing at
Age 81.
On an Endowment Policy Maturing
at Age 62, the premium is payable
only until the insured is 62 years of
age. When the insured reaches the
age of 60, the amount for which he
is insured will be payable to him in
one sum. If, however, the insured
dies before reaching the age of 90.
the policy will become due and pay
able to his beneficiary, either in
lump sum or in installments of IS
months or more, as designated by the
insured. If the insured becomes
totally or permanently disabled be-
fore he reaches the age of 81, the
policy will be paid to him at the rate
of $5.75 per month for each $1,000
of insurance carried, so long as he
lives and remains so disabled.
Continued next week.