The Rice belt journal. (Welsh, Calcasieu Parish, La.) 1900-19??, 1920-05-01
EX-SOLDIERS HAVE
UNTIL JULY 1ST. TO
RENEW insurance
Reinstate by Payment Of One Month
Iy InstaIIment-Six Differ
ent Plans Offered.

I NS'NAASA AZ W SlLOliAOACy OOilSOs III
rector of the Bureau of War Ris
Insurance, makes the following ar
nomcement regarding the policy con
tracts to be issued under the Unitec
States Government Life Insurance
Policy converted insurance. to which
the War Risk Term Insurance may bt
converted:
Among the principal features includ
ed in the U. S. Government Life In
SuranCe contracts, which have beer
approved by Secretary of the Treas
ury, D. F. Houston, are;
First, that the insured has three
optional settlements.
Option l. Insurance payable in one
sum. Settlement under this option will
be made only when selected by the in.
sured during his life time or by his
last will and testament.
Option 2. Insurance payable in ell
eCted inStallments. The monthly in.
stallments are payable for an agreed
number of months (not less than 36)
to the designated beneficiary, but if
such beneficiary dies before the agreed
number of monthly installments have
been paid, the remaining unpaid
monthly installments will be payable
! in accordance with the beneficiary pro-
visions of the policy.
Option 3. Insurance payable in
installments through life. The install
ments may be payable 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
1aid, the remaining unpaid monthly
installmentS will be payable in accord
ance with the beneficiary provisions
Of the policy.
Second The policies provide for
total and permanent disability bene.
fits to the insured covering the entire
period the policy is in force, and dur.
ing the period of the insured's total
and permanent disability. The total
and permanent disability feature is
also included in the paid-up and ex,
tended features of the policy contract.
Total and permanent disability as
referred to in the policy contract is
any impairment of the mind or body
which continuously renders it impos-
sible for the disabled person to fol-
low any substantially gainful occupa-
ton and which is founded upon con
ditions which render it reasonably GER
tain that it viii continue throughout
the life of the person suffering from it.
There are six plans of the United
States Government Life Insurance
converted insurance. a. ordinary
life (2) twenty-payment life CO thirty
payment life az twenty-year end0w-
ment 90 thirty year endowment and
CO. endowment maturing at age of 62.
The policies include participation in
dividends, incontestability, freedom
from restrictions as to travel, resi-
dence, occupation, ETC., cash surrend-
'er and loan values, liberal reinstate.
ment provisions and other features
which make the insurance of unusual
value.
The policies themselves are now be-
ing printed and will be issued to all
those who have availed themselves of
their privilege to convert the war
time term insurance into the new
forms of the U. S. Government Life
Insurance policies.
If war risk (term) insurance has
lapsed or been cancelled, it is neces-
sary to reinstate it before or at the |
time of conversion into one of the
new policies. Under a separate rul. |
ing no matter how long a service man
has been discharged or how long his
life insurance has been lapsed or can
celled he may reinstate his War Risk
(term) insurance any time before July
|, 1920, or within eighteen months af-
ter his discharge, if that be later
date, by the payment of only two
premiums on the amount OF
insurance to be reinstated, and a
satisfactory statement. of health with
his application.