The Lambertville record. [volume] (Lambertville, N.J.) 1872-1968, 1920-12-17
Gle
AMERICAN
0lI.I:::GK)Nl
Copy for This Department Supplied by
the American Legion News Service)
CONTINUED from last week.

Question IA. VIII my converted
policy contain all the usual provisions
included in policies issued by private
companies? If so, what are they?
Answer. Yes. After one year the
new Converted government policies
will have guaranteed cash and loan
values, and also paid-up insurance and
extended term values. Policies is
sued by private insurance companies
usually do not give these values until
the insurance has been in force for
three years. Furthermore, the values
guaranteed by the government give
you your full moneys worth without
any Surrender charge" This is
distinct advantage to you.
The cash value of converted
government policy is the amount the
government gives you if you choose
to give up your insurance.
The 'tloan value means that you
can borrow money on your policy up
to "a per cent. of the cash value.
paid up insurance" and "eXtended
term insurance" mean that in the new
policies, if you stop paying premiums
after one year, the government allows
one of the following two options:
(a) To remain insured for a certain
time without cost to you.
(b) To receive a policy for a
smaller amount, which will be pad
no matter when you die, but on which
you will not have to pay any more
premiums.
Question Is. Is any provision made
for paying dividends on the converted
policies?
Answer. Yes. The converted poll
cies provide for the payment OF dlvl-
dends from the gains and savings as
they may be determined and appor-
toned
Question 16. Is the insurance sub
ject to claims of creditors, is 1t tax
able, and is it assessable?
Answer. No.
Question IT. If | do not pay my
premiums on a converted policy when
they fall due, or within the days of
grace, do l lose my insurance alto
gether?
Answer. No. The bureau offers llb-
eral provision for reinstating your
converted insurance after 1t has lapsed
for the non-payment of premiums: In
order to learn the conditions on which
you may make reinstatement OF con-
verted policy, make application to the
bureau.
Question Is. Can reinstate my
term (war time) insurance, If 1t has
been dropped or Cancelled, and will |
have to pay the overdue premiums?
Answer. You do not have to pay
back premiums for the time you had
no protection. If you have been dis
charged from active service, and your
term insurance has lapsed, been can
celed or been reduced, you can rein
state within three months after the
month of discharge by merely send
ing in to the bureau TWO monthly
premiums, one for the grace period
during which your policy was in force,
and the other for the month IN which
reinstatement IS made. No formal
application or statement as to health
is required If your term insurance
has been lapsed more than three
months, but not more than eighteen
months following the months OF dis
charge, you can reinstate by sending
to the Bureau OF War RISK Insurance
an application for reinstatement prop
erly filled out and signed, together
with TWO monthly premiums for the
amount of insurance you wish to re-
instate, but you must be in as good
health as at the time of discharge or
end of the month OF lapse, whichever
IS the later date, and so state IN your
application.
reinstatement may be made after
eignteen moh'ns toiioWlhg me 5noh:n