The Marietta journal. (Marietta, Ga.) 1918-1944, 1920-05-21
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 I, Regardless of How
Long Man Has Been Discharged.

Washington.-When 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" it provided
that the wartime policies, which were
planned to endure for only five years,
might be converted into permanent
forms of life insurance to be 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 liberality.
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.
A total of 4610,3SS applications for
war risk insurance representing more
than $40000000,00O, have been re-
ceived in the bureau 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-
ance or permitted it to lapse. Inasmuch
as 1t 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. it is an
ticipated that many who dropped their
Insurance will hasten to reinstate it
under the liberal ruling which permits
Reinstatement of lapsed or cancelled in
surance, any time before July l, 1920,
on payment Of only two monthly pre-
miums on the amount of insurance to
be reinstated the application to be ac-
companied merely by a satisfactory
statement of health.
The six permanent forms of United
States government life insurance into
converted are:
!. Ordinary life.
9. Twenty-payment life
5. Thrty-rayment 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 Urea SlIry n. f. Hous.
ton and are being ISSUED by Director
r. G. Cholmeley-Jones of the bureau of
war risk insurance are:
First, that the insured has three
optional settlements:
Option I. Insurance payable in 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 installments. 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 if such bene
ficiary dies before the agreed number
Of monthly installmepts has been paid
the remaining unpaid monthly in
stallments will be payable in accord
ance with the beneficiary provisions Of
the policy.
a Option 8. Insurance payable in install
ments through life. The installments
may be payable throughout the life
time Of the designated beneficiary Il
they so elect, but if such designated