Mohave County miner and our mineral wealth., 1920-05-01

Secretary of the Treasury D. F.. Houston, has officially approved forms of new permanent policies of exceptional iberality into which for mer service men may convert their wartime (term) insurance. An nouncement is made by Director R. G.. Cholmeley-Jones of the Bureau of War Risk Insurance that conversions into the new forms of insurance already have passed the half billion dollar mark. Liberal ruling permits rein statement of lapsed or cancelled insur- ance before July 1, 1920, regardless of how long service man has been discharged, by payment of only two monthly premiums on amount of ln- surance to be reinstated, and satlsfac- tory statement of health with appll- cation.
 When Congress passed the War Risk Insurance Act, which has been characterized as "the most liberal law ever placed on the statute books or a grateful nation, it provided that the war time policies, which were planned to endure for only five years, mignt he converted into permanent forms of Life Insurance to be issued by the limited States Government. Announ- cement of. the actual provisions ot the ,,o,,, no,;c;as which now is made, was deferred until necessary supplemental lepislation could be passed, in ordef 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 favorable, in recognition Of their sac rifices. The Government pays all the costs of administration.
 A total of 4,610,3SS applications TOT War Risk Insurance, representing more than $4O,OOO, 100000, have been received in the Bureau of War RISK Insurance. The applicants, in many cases. have been awaiting definite an nouncement of the terms of the new policies, before applying for conVer- sion of their War Risk Insurance to permanent forms.
 Others cancelled their War Risk h. surance or permitted it to lapse. in- .smuch as it is necessary that the War Risk (Term) Insurance must pc in effect at the time of conversion to one of the permanent forms Of insur- ,nce, it is anticipated that many who dropped their insurance will hasten to reinstate it under the liberal ruhng which permits reinstatement of lapseo or cancelled insurance, any time De- fore July 1, 1920, on payment ot only two monthly premiums on the amount of insurance to be reinstated, the ap- plication to be accompanied merely oy a satisfactory statement of heaitn.
 The six permanent forms of United States Government Life Insurance into which the war time insurance may be converted are:
 (1) Ordinary Life.
 i2) Twenty-Payment Life.
 i3) Thirty-Payment Life.
 fAl Twenty-year Endowment.
 f51 Thirty-year Endowment.
 i6) Endowment maturing at age ~ THE NEW AND IMPORTANT
 FEATURES
 The principal features included m the United States Government LhIe insurance contracts, which have been .Dnroved by Secretary of the Treas urv D. F. Houston and are belng ls- sued by Director R. G. Choimeiey- Jones of the Bureau of War RISK Ah- surance are: Auo. on-
 First, that the insured has three 'p tional settlements: IT, :.
 OPTION 1. Insurance payaoie III one sum. Settlement under thls op t;on will be made only when the form has been selected by the insured dur- ;ng his lifetime or the payment m one sum is requested in his last Will anu testament. oh,. in
 OPTION 2. Insurance payaole m III elected instalments. The moh'iAs installments are payable for an agreed number of months under their torm & of contract (not less than thirty-sht Z to the designated beneficiary put II II such beneficiary dies before tne agreed number of monthly lns'an- ~ msnts has been paid, the rema,mns s unpaid monthly installments wlll oe uavable in accordance with the oehe f;ciary provisions of the policy; <.
 OPTION 8. Insurance payaoie III insta,lments through life. The m. stallments may be payable througnou' tha lifetime of the designated oehe,lo ;arv if they so elect, but if such oes. @ ;1nated beneficiary dies before two hundred and forty such instaiimeh.s :s have been paid, the remaining unpaio monthly installments will be payaple in accordance with the beneticiary proyisions of the policy.
 TOTAI. AND PERMANENT Dlo-