The Devils Lake world and inter-ocean. (Devils Lake, N.D.) 1915-1920, 1920-05-19
new war RISK
: POLICIES READY
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
I Long Man Has Been DISCHARGED.

TORE July I, HeoaroIeSS OF How
Long Man Has Been Discharged.
d WaShingtOn.-When congress passed
the war risk insurance act, which has
been characterized as "the most lib
0ral law ever placed on the statute
books of.a grateful nation" it provided
that the wartime policies, which were
planned to endure for only five years,
Knight he converted into permanent
forms Of life insurance to be issued by
The. United States government. An
1Ouncement of the actual provisions Of
NE new policies which now is made,
fVls deferred until necessary supple.
oental legislation could be passed, in
rider that the policies might be made
models of liberality.
These policies are issued to former
md active service men and women Of
}Ae American forces, on terms which
&tve been made exceptionally favor.
&ble, In recognition Of their sacrifices
1he government pays all the costs Of
administration.
A total of 4.61O,3SS applications for
var risk insurance. representing more
man $4,000. 100000, have been re-
eeived 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 wal risk insur-
ence or permitted it TO lapse. Inasmuch
as 1t is necessary that the war risk
(term) insurance must be in effect Mt
the time of conversion to one Of the
permanent forms Of insurance. 1t is an
tcipated 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 I. 1920.
on payment Of only two monthly pre-
niums on the amount Of insurance to
be reinstated. the application TO be &C.
eompanied merely by a satisfactory
statement of health.
The six permanent forms of United
States government life Insurance into
which the wartime insurance may be
converted re:
]. Ordinary life.
2. Twenty-payment life.
8. Thirty-payment life.
4. Twenty-year endowment.
s. Thirty-year endowment.
6. Endowment maturing ut age sixty
two.
The AA<n 9nI ~ ~aek.MS En.A
The principal features in the United
States government life insurance con-
tracts. which have been approved by
Secretary of the Treasury D. r. Hous-
ton and are being issued by Director
r. G. ChOlmcley-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 been
selected by the insured during his life
time or the payment in II sum Is re-
quested In his last will and testament.
Option 9. Insurance payable in elect.
ed insta|lments. The monthly INSTALL
ments are payable for an agreed num-
Der of months under their form of con-
tract mot less than 63) to the desig-
mated beneficiary. hut If such bene-
:dciary dies before the agreed number
of monthly installments has been paid,
the remaining unpaid monthly in
stallments will be payable In accord
n c with the beneficiary provisions of
the policy.
Option 3. Insurance payable in INSTALL
ments through life. The installments
may be payable throughout the life
time Of the designated beneficiary If
they so elect. but if such designated
beneficiary dies before 24O such in
.stallments have been paid. the remain.
ing unpaid monthly insta1lments will
be payable in accordance with the
beneficiary provisions of the policy.
Total and Permanent Disability.
Second. the policies provide for tota,
and permanent disability benefits tc
the insured covering the entire period
the policy is in force, and during the
period Of the insured's total and per
manent disability. The total and per
manent disability feature Is also in
cluded in the paid-up and extended fea
lures of the policy contract.
Total permanent disability as re
1erred to in the policy contract Is any
impairment Of mind or body which
continuously renders 1t impossible fol
the disabled person to follow any sub
stantially gainful occupation and th'
diagnosis of which is founded upor
conditions which render it REASONABLE!
certain that the impairment will con
tinue throughout the life Of the person
suffering from 1t.
The total permanent disability bene
It's may relate back to a date not ex
eeeding six months prior to receipt o
due proof of such total permanent dis
ability, and any premiums becoming
due after the date Of such disabilit,
and within such six menths, IL paid
shall be refunded without Interest.
Lots .os Sight
IVVithnrIf nrefudfce TO any other caua