Shoshone journal. [volume] (Shoshone, Idaho) 1884-1931, 1920-05-07
UNCLE SANS NEW LIFE
INSURANCE POLICIES ARE READY


al lheraIity into which former seryic,
men may convert their war time
(Term insurance. Announcement il
made by director r. G. Cholmey-
Jones Of the Bureau OF War Risk In
.surance that conversions into the new
forms Of insurance already have pas
sed the half Billion dollar mark. Lib
esaI ruling permits reinstatement Of
lapsed or cancelled insurance before
Juy O. 1920. regardless OF how long
service man las been discharged, by
payment Of only two monthly premiums
on amount OF Insurance to be rein
stated ana satisfactory statement or
heath with application.
When Congress passed the War Risk
Insurance Act IL provided that the
war time policies which were planned
10 endure FOR only five years might be |
converted into permanent forms Of Life |
Insurance to be Issued by the United
states Government Announcement Of
the actual provisions Of the new
policies which now ~ made. was de-
fcrred until necessary supplemental
legislation could be passed
These poicies are issued to former
and active service men and women Of 5
the American forces. d
s total of fGiO.sss applications for {
War Risk Insurance. representing b
more than s40.0OO,0OO. have been re- o
coived in the Bureau OF War Risk In c
suance The applicants in many cases D
have been awaiting definite announce o.
ment Of the terms of the new policies. il
before applying for conversion OF their
War Risk Insurance to permanent
form. =.
Others cancelled their War Risk In .,
surance or permitted II to lapse. In a.,
asmuch as II Is necessary that the War -
Risk (Tcrm) Insurance must be in ef- -
feet at the time OF conversion to one OF A,
the permanent forms OF insurance, it is -,
anticipated that many who dropped %
their insurance will hasten to rem o..
state. which may be done any time be- ~,
fore July I. 1920. on payment Of only a.,
two monthly premiums on the amount on
Of insurance to be reinstated, the ap- a.
plicatlon 10 be accompanied merely by Oh
satisfactory statement Of health. al
The six permanent forms Of United p
States Government Life Insurance in
to which the war time insurance may ,,,
be converted are;
% Ordinary Life
60 Twenty Payment Life
go Thirty Payment Life
90 Twenty-year Endowment
t5) Thirty Year Endowment
90 Endowment maturing az age 81 81
THE NEW AND IMPORTANT
FEATURES
Tie principal features included IN
he United States Government Life In
,urance contracts ="
First, that the insured has three ,'''
OPTIONAL settlements q"
OPTION INSURANCE PAYABLE wy
- ONE SUM Settlement under this wa
'ption win be made only when the ~
orm has been selected by the insured '''''
Turing his lifetime or the payment in
me sum Is requested in his hast will
nd testament 'or
OPTION 2. INSURANCE PAY
BILE IN ELECTED INSTALLMENTS '''''
he monthly installments are PAYABLE ''''
pr an agreed number OF months under '''
heir form OF contract (not less than pow
hirty-six) to the designated bene- vow
oiary, hut II such beneficiary dies be- ''''
're the agreed number of monthly in "''
AILMENTS has been paid. the remain
y unpaid monthly instailments will ;
e payable In accordance with the II l
encficiary provisions % th, no,,ov vail
OPTION :. INSURANCE PAYABLE ante
\ INSTALLMENTS THROUGH ann
IFE. The mstaIlments may be pay the
bic throughout the lifetime OF the and
beneficiary II they so elect. ARE
at u such designated beneficiary dies sev'
'fore two hundred and forty such per
stallments have been paid. the re- men
aiming unpaid monthly lnstanments ness
an be payable In accordance with the def'
'pefciary provisions OF the policy. How
A. AND PERMANENT. DIS ''''
ABILITY BENEFITS the
SECOND the policies provide for TOT
tai and permanent disability benefits ''e
the insured covering the entire pau
riod the policy is in force and dur 'ne
< the period OF the insured's total OF
q permanent disability The total HO'
q permanent disability faatnre a. IN
10 included in the paid-up and ex- the
ided features Of the policy contract ing
Total permanent disability as re- 'noS'
red to in The policy contract is any 'ne'r
pairmen, os nina or hod,. With 60, term
ouslv renaers. !, ,,,noss,,,o -. ~. U.