The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1920-06-11
Former Service Men May Now
Convert Their Insurance Into
Permanent Policy.
PROVISIONS ARE VERY LIBERAL
Ruling Permits Reinstatement Of
Lapsed or Cancelled Insurance Be-
fore July !. Regardless of How
Long Man Has Been Discharged.

Washington. congress passed
the war risk insurance act which has
been characterized as .the most lib
eral law ever placed on the statute
books of grateful nation" 1t provided
that the wartime policies, which were
planned 10 endure for only five years,
might be converted into permanent
forms of life insurance TO he issued by
the United States government. An
nouncement Of the actual provisions Of
the new policies which now Is made,
was deferred until necessary supple
mental legislation could be passed, in
order that the policies might be made
models of llberality.
These policies are issued to former
and active service men and women Of
the American forces. on terms which
have been made exceptionally favor
able. In recognition Of their sacrifices.
The government pays all the costs Of
administration. rs
A total Of 4.610.3S9 applications for
war risk Insurance. representing more
than S4OOOO.OOOOO0. have been re-
ceived in the bureaH of war risk inSur-
ance. The applicants. In many cases.
have been awaiting definite announce
ment of the terms OF the new policies.
before applying for conversion Of their
war risk insurance to permanent forms.
Others cancelled their war risk insur-
nnce or permitted II TO lapse. Inasmuch
ms II Is necessary that the war risk
(term) insurance must be in effect at
the time Of conversion to one of the
permanent forms Of insurance. II Is an
ticipated that many who dropped their
Insurance will hasten to reinstate II
under the liberal ruling which permits
reinstatement Of lapsed or cancelled in
surnnce, any time before July I, 1920,
on payment Of only two monthly pre-
miums on the amount of insurance to
be reinstated. the application to be ac-
companled merely by satisfactory
statement Of health.
The six permanent forms Of United
States government life insurance into
which the wartime insurance may be
converted are:
I. Ordinary life.
2. Twenty-payment life.
g. Thirty-payment life.
4. Twenty-year endowment.
5. Thirty-year endowment.
6. Endowment maturing at age sixty
two.
The New and Important Features.
The principal features In the United
States government life insurance con.
| tracts, which have been approved by
Secretary of the Treasury n. +. HOus.
ton and are being issued by Director
r. G. Cholmeley-Jones Of the bureau Vi
war risk Insurance are:
First. that the insured has three
optional settlements:
Option /. Insurance payable I'm one
sum. Settlement under this option will
be made only when the form has beer
selected by the insured during his life
time or the payment In one sum Is re
quested in his last will and testament.
Option 2. Insurance payable In elect
| ed instalIments. The monthly install
ments are payable for an agreed mum
Der Of months under their form Of con
tract mot less than 63) to the desig
mated beneficiary. hut n such bene
fciary dies before the agreed numbeT
Of monthly miscellaneous has been paid
the remaining unpaid monthly In
stallments will he payable IN accord
ance with the beneficiary provisions o
the policy.
Option 3. Insurance payable IN install
ments through life. The instnllment
may be payable throughout the life
time OF the designated henencINry :