The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1920-05-29

permanent disability within the mean
ing Of the contract; and monthly in
stallments for any Of these specifically
enumerated causes Of total permanent
disability shall accrue from the date
Of such total permanent disability, and
any premiums becoming due after such
disability, If paid, shall be refunded
without interest.
IT there be a loan under the policy,
| then payments on account of total per-
manent disability shall be adjusted &C.
cordingly.
If the policy be an endowment policy
and one or more monthly installments
have been paid on account Of total per-
manent disability, the insured may at
the end of the endowment period, sur
render his policy for the committed
value Of installments (24O less the
number paid) less any Indebtedness.
=. Dividends.
Third, the policy shall participate In
and receive such dividends from gains
and savings as may be determined by
the director Of the bureau Of war risk
insurance with the approval Of the Sec
rotary Of the treasury. Any dividend
so apportfoned may be taken in cash,
and If not so taken, shall be left on de-
posit to accumulate at such rate Of in
terest as the secretary of the treasury
may determine, but at a rate never less
than 3h per centum compounded and
credited annually, and payable, If not
previously withdrawn, at the maturity
Of each policy to the person entitled to
its proceeds.
Inconcestabllity.
Fourth, the policies shall be incontest-
able from the late they take effect.
except for nOnpayment of premiums,
and are issued free of restrictions as to
travel. residence, occupation or mill
tary or naval service, except that the
discharge or dismissal Of the insured
from the military or naval forces Of
the United States on the ground that
he Is an alien enemy, conscientious OBJ
jector, or a deserter, or as guilty Of
mutiny, treason. spying or any offense
involving moral turpitude, or willful
and persistent misconduct shall termi-
nate this insurance and bar all rights
Hereunder.
Cash Surrender and Loans.
Fifth, cash surrender and paidup in
surance, extended Insurance and policy
loan provisions shall be effective only
after premiums for ~ full months have
been paid-all values, reserves and net
single premiums being based on the
American experience table Of mortality,
with interest at 31s per centum per
annum.
Payment Of Premiums.
Sixth, premiums are due and payable
on the first day Of each calendar month
in advance in legal tender Of the United
States Of America to the treasurer Of
the United States in the city of Wash
ington, District of Columbia. Pre-
miums may be paid annually, semian-
nually, or quarterly, in advance, in
which case the premium payable will
be the sum Of the monthly premiums
for the period discounted at 81 per
centum per annum. At maturity by
death or otherwise the discounted
value at 3h per centum per annum Of
the premiums paid in advance beyond
the current calendar month shall be
refunded to the insured, If living, 9TH
erwise to the beneficiary.
Reinstatement.
Seventh, the government policies, If
~ cSvDysr n -1>
value, may be reinstated at any time
after lapse upon evidence Of the insur-
ability Of the insured satisfactory to
the bureau Of war risk insurance, and
upon the payment Of all premiums in
arrears, with interest from their sew
eral due dates at the rate Of s per
centum per annum, and the payment or
reinstatement of any Indebtedness
which existed at the time Of such de-
fault, with policy loan interest. How
ever, If such Indebtedness with interest
would exceed the reserve Of the policy
at the time Of application for reinstate-
ment Of said policy, then the amount
Of such excess shall be paid by the in
sured as condition Of the reinstate-
ment Of Indebtedness and Of the policy,
The policies themselves are now in
the hands Of the government printing
office, and will be issued to all those
who have availed themselves OF their
privilege to convert the wartime term
insurance into the new forms Of United
States government life insurance poll
cies,
It Is believed that In these converted
policies the government has given to
all service and ex-service men and
women policy Of unusual value.
To Whom Insurance Payable.
In announcing new rulings, Director
Cholmeley-Jones desires to emphasize
the fact that war risk (term) insurance
or United States government Convert
ed) life insurance may now be made
payable to any Of the following new
and enlarged group Of benef1ciaries:
Parent, grandparent, step-parent,
wife Cor husband), child, step-child,
adopted child, grandchild, brother, SIS
ter, half-brother, half-sister, brother
through adoption, sister through adop-
ton, stepbrother, stepsister, parent
through adoption, uncle, aunt, nephew,
niece, brother-in-law, sister-in-law; per-
sons who have stood in the relation Of
a parent to the insured for a period Of
one year or more prior to his enlist
ment or induction or the child or chill