The Bridgeport times and evening farmer., 1920-04-17
FEATURES OF
 W. R. INSURANCE

The permanent forms of Govern nent life insurance contracts, ap- proved by Secretary of the Treasury D. F. Houston, are now being printed and will shortly be ready for issuance to soldiers, sailors and marines who have converted or may convert therr term insurance into permanent insur- ance- In the preparation of these forms the authorities have given con- sideration to the practices of the standard life insurance companies The policies are based on the Arneri- can Experience table and 1-2 per cent. interest. Col R. G. Cholmeley- Jones, Director of the Bureau of War Risk Insurance, has announced the leading features of the new con- tracts.
 The insured has three optional set dement's: (1)-Insurance payable in one sum if this option is selected by the insured during his lifetime or by his last will and testament O. Insurance payable in elected install ments. The monthly instaIlments are payable for an agreed number of months (not less than thirty-sixj to the designated beneficiary, but if such beneficiary dies before the agreed number of monthly insta1lments have been paid, the remaining unpaid monthly installments will be payable, in accordance with the beneficiary provisions of the policy. (s)-Insur- ance payable in insta11ments through life. The instaI1ments may be pay able throughout the lifetime of the designated beneficiary if they so elect, but if such designated beneficiary dies before two hundred and forty such installments have been paid, the re- maining unpaid monthly installments will be payable in accordance with the beneficiary provisions of the policy.
 The policies provide for total and permanent disability benefits to the insured covering the entire period the policy is in force, and during the period of the insured's total and permanent disability. The total and permanent disability feature is also included in the paid-up and extended features of the policy contract
 The policy shall participate in and receive such dividends from gains and savings.
 The policies shall be incontestable from the date they take effect, ex- cept for non-payment of premiums, and it is issued free of restrictions as to travel, residence, occupation, or military or naval service, except that
 
 insured from the military and naval forces of the United States on the ground that he is an alien enemy, conscientious objector, or a deserter, or as guilty of nutiny, treason, Spy ing, or any offense involving moral turpitude, or wi1Iful and persistent misconduct shall terminate this in surance and bar all rights there under.
 Cash surrender and paid-up insur- ance, extended insurance and policy loan provisions shall be effective only after premiums for twelve full months have been paid.
 Premiums are due and payable on the first day of each calendar month in advance. Premiums may be paid annually, seni-annua11y or quarterly, in advance, in which case the prem ium payable will be the sum of the i, monthly premiums for the period dis counted at 1-2 per cent. per au- num-
 The policies, if not surrendered for cash surrender value, may be rein stated at any time after lapse upon ] satisfactory evidence of the insur- ability of the insured and upon the payment of all premiums in arrears with interest from their several due dates at the rate of per cent per annum, and the payment or reinstate- ment of any indebtedness which ex- isted at the time of such default, with policy loan interest. However, if sucE indebtedness with interest," would ex- ceed the reserve of the policy at the 4i-7e of application for reinstatement said policy, then the amount o1 $, :h excess shall be paid by the in sured as a condition of the reinstate- ment of indebtedness and of the policy.