Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-05-14

contestable from the date they take
effect, except for non-payment Of pre-
miums. and are issued free of restric-
lions as to travel, residence, occupa-
ton, or military or naval service, ex-
cept 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.
contentious objector. or a deserter,
or is guilty of mutiny, treason, spy
ing or any offense involving moral
turpitude, or willful and persistent
misconduct shall terminate this in
surance and bar all rights hereunder.
Cash Surrender and Loans.
Fifth. cash surrender and paid up
insurance, extended Insurance. and
policy loan provisions shall be effec-
tive only after premiums for twelve
s--'r.~.'Aa...--Aaxee- been paid-all
values. reserves, and net single pre-
miums being based on the American
Experience Table of Mortality, with
interest at three and one-half per
centum per annum.
Payment Of Premiums.
Sixth, premiums are due and pay
ablee on the first day of each calen-
dar month in advance in legal tendeer
of the United States of America to
the Treasury of the United States
in the city of Washington, District
of Columbia. Premiums may be paid
annually, semi-annually, or quarterly
in advance, in which case the pre-
MUM payable will be the sum of the
monthly premiums for the period dis
counted at three and one-half per
cent per annum. At maturity by
death or otherwise. the discounted
value at 31a per annum of the
premiums paid in advance beyond
the current calendar month shall be
refunded to the insured. If living.
otherwise to the beneficiary.
/ Reinstatement.
Seventh, the government policies
if not surrendered for caash sur
render value. may be reinstated at any
time after lapse upon evidence Of the
instability of the insured satisfac-
tory of the Bureau Of War Risk In
surance, and upon the payment Of all
premiums in arrears, with interest
from their several due dates at the
rate Of five per centum per annum.
and the payment or reinstatement of
any indebtness which existed at the
time of such default, with policy loan
interest. However, If such indebted
ness with interest would exceed the
reserve of the policy at the time of
application for reinstatement of said
policy, then the amount of such excess
shall be paid by the insured as a
condition OF the reinstatement Of in
debtedness and of the policy.
Policies Now Being Printed.
The policies themselves are now
in the hands of the Government print-
ing Office, 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 U. S. Government Life In
surance policies.
To Whom the Insurance May Be Made
Payable.
insurance may now be made pay
able to any OF the following new and
enlarged group of beneficiaries:
Parent, grandparent, step-parent
wife Cor husbaDd), child, step-child,
adopted child. grandchild, brother,
sister, half : brother, half sister
brother through adoption. sister
through adoption. step-brother, step
sister, parent through adoption
uncle, aunt, nephew, niece, brother
in-law, sister-in-law. persons who