The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1920-11-06
NEW ), 2, ..,,. nIeK:>
POLICIES R j|:IIi
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.
Observation-Disclosures congress passed
J. 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 4,61O,3S8 applications fo1
war risk insurance, representing more
than $40,O0O.OOOO0O, have been re-
ceived in the bureau Of war risk insur-
ance. The applicants, in many cases,
nave 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. Inasmucb
as it is necessary that the war risk
Cerm) 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 1, 1920,
on payment Of only two monthly pre-.
miums on the amount of insurance to
be reinstated, the application to be &C.
companied merely by a satisfactory
statement of health.
The six permanent forms Of United
States government life insurance into
which the wartime insurance NAV be
converted are:
I. Ordinary life.
2. Twenty-payment life.
3. Thirty-payment 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 Treasury D. 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 1. 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 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 num-
Der Of months under their form of con-
tract [not less than 63) to the desig-
mated beneficiary, but if such bene-
ficiary dies before the agreed number
of monthly installments has been paid,
the remaining unpaid monthly in
stallments will be payable in accord
ance 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 installments will
be payable in accordance with the
beneficiary provisions of the policy.
Total and Permanent Disability.
Second, 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 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-
ferred to in the policy contract is any
Impairment of mind or body. which
continuously renders it impossible for
the disabled person to follow any SUBJ
stantially gainful occupation and the
diagnosis Of which is founded upon
conditions which render it reasonably
certain that the impairment will con-
tinue throughout the life of the person
suffering from it.
The total permanent disability bene-
fits may relate back to date not ex-
ceeding six months prior to receipt of
due proof of such total permanent dis
ability, and any premiums becoming
due after the date Of such disability
and within such six months, if paid,
shall be refunded without interest.
Loss Of Sight. .
Without prejudice to any other cause
Of disability, it is agreed that the ire
coverable loss of the sight of both eyes,
or the loss Of both hands, or the loss Of
both feet, or the loss of one hand and
one foot, shall be considered as total