The Barre daily times. (Barre, Vt.) 1897-1959, 1920-02-12
WAR RISK INSURANCE
May Be Reinstated by All Service
Men,

Under a new and very liberal ruling
of far-reaching Importance to millions
of former service men, issued by Dl-
rector X. g. Cholmeley-Jones OF the bu-
reau of war risk insurance with the
approval of Secretary OF the Treasury
Carter Glass, war risk (terml ihsur-
ance, regardless of how long it may
have been lapsed or Cancelled, and re-
gardless of how. long the former serv-
ice man may have been discharged, may
be reinstated any time before July !,
1920.
The only conditions are;
az Two monthly premiums on the
amount of insurance to be reinstated
must accompany the application.
t2l The applicant must be in rs good
health as at the date of discharge, or
at the expiration of the grace period,
whichever is the later date, and so
state in the application.
The new ruling is the most inpor.
tant liberalization of war risk insur-
ance since the passage of the Sweet
bill, and is designed for the special
benefit of service men who failed to
reinstate their insurance prior to the
new law, and who have been discharged
more than Is months.
Ex-service men may still reinstate
their lapsed term insurance at any
time within Is months following the
month of discharge by complying with
the same conditions Within three
months following the month of dis
charge, reinstatement may be made by
simply renting two months preml-
ums without formal application or
statement as to health.
Reinstatement may also be made aft
er Is months following discharge, as
follows: If the insurance has not been
lapsed longer than three months, by
complying with the conditions out
lined in ~ and % above. From the
fourth to the 18th month, inclusive,
after lapse, by complying with the
same conditions, and in addition sub
hitting a formal report of eNamina-
tion made by Il reputable physician
substantiating the statement of health
TO the satisfaction of the director OF
the bureau.
In announcing the new ruling, Di-
rector Cholmeley Jones desires to EN-
phasize the fact that war risk term
insurance or United States government
converted life insurance may now be
made payable to any of the following
new and enlarged group of beneficial
rics:
Parent, grandparent, step parent,
wife Tor husband. child, step child,
adopted child. grandchild. brother, Sis
ter, half brother, haIf-sister, brother
through adoption, uncle, aunt, nephew.
niece, brother in law, sister law;
persons who have stood in the relation
of a parent to the insured for a period
of one year or more prior to his en-
listment or induction, or the child or
children of such persons, parent, grand
parent, step parent, or parent through
adoption of the insured's wife tor hus-
bandl.
War risk term insurance may be
converted into United States govern
ment life insurance, now or at any
time within five years after the formal
termination of the war, by proclama-
ton of the president.
The United States government icon
vertedl life insurance, including ordi-
nary life, 20-payment life, 3Opayment
life. 20-year endowment, 30year en-
dowment and endowment at age %,
NAV now be paid in a lump sum at
death, if such method of payment is
designated by the insured.