The Mt. Sterling advocate. (Mt. Sterling, Ky.) 1890-current, 1920-02-17

OF tar-rcaching Importance 10 mil
lions Of former service men, issued by
Director r. G. Cholmoley Jones Of
the Bureau Of War Risk Insurance
with the approval Of Secretary Of the
Treasury Carter Glass, War Risk
(term) Insurance, regardless Of how
long it may have been lapsed or cam
celed, and regardless Of how long
the former service man may have
been discharged, may be reinstated
any time before July /, 1920.
The only conditions are:
/. Two monthly premiums on the
amount Of insurance to be reinstated
must accompany the application.
2. The applicant must be in as
good health as at the date Of dis
charge, 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 import
ant 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 dis
charged more than Is months.
Ex-service men may still reinstate
their lapsed term insurance at any
time within 1s 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 prem
iums without a formal application or
statement as to health.
Reinstatement may also be made
after 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 (1) and (2) above. From
the fourth to the eleventh month, in
elusive, after lapse, by complying
with the same conditions, and in adj
dition submitting a formal report of
examination made by a reputable
physician substantiating the state
ment 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 U. S. government
(converted) Life Insurance may now
be made payable to any of the fol-
lowing new and enlarged group of
beneficiaries:
Parent, grandparent, step-parent,
wife Tor husband), child, tep-child,
adopted child, grandchild, brother,
sister, half brother, half sister,
brother through adoption, sister
through adoption, stepbrother, STEP
sister, parent through adoption, uncle,
aunt, nephew, niece, brother-in- law,
sister-in-law, persons who have stood
in the relation of a parent to the in
sured for a period of one year or
more prior to his enlistment or in
duction, or the child or children of
such persons; parent; parent, grand
parent, step-parent, or parent thru
adoption of the insured's wife Tor
husband).
War Risk (term) Insurance may be
converted into United States govern
ment Life Insurance now or at any
time within five years after the for
NAL termination of the waI by prec-
lama'ion of the President.
United States Government icon
verted) Life Insurance, including or
binary life, twenty payment life, tnir-
ty payment life, twenty year endow-
ment, thirty year endowment, and en-
dowment at age go may now be paid
in a lump sum at death, if such
method of payment is designated by
the insured.
There is one sure way of avoiding