Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1920-06-17
PLAIN TALK ABOUT
GOVERNMENT INSURANCE

To the average man life insurance
is mystery and yet ii is one of the
simplest things in the world. II is
not gamble, as some people claim
the gambler is the man who is not
insured.
When this country entered the
world war, this fact was realized,
and the need ives at once felt for
some liberal method for Uncle Sans
fighting men and their families.
Congress realized that men could
fight better if they carried no fear in
their hearts for their loved ones flu
ture should they die or become so
disabled that they could no longer
support their families or themselves.
Congress also realized that many
men would come out of the war so
impaired in mind or body that they
could not pass life insurance ex-
summation. This was the origin of
government life insurance in the
United States. ..n
Right here it is we'll TO bring to
your attention few stories which
some people believe. One S that
the government has made money on
your insurance. This statement Is
utterly false. The facts are these:
The premiums paid by Uno'7 Sans
fighting men T. 81 three bred
million doli.rs but much m - iran
one billion dollars has been allowed
in insurance claims. This is los
therefore not a profit of o-2- raven
hundred million dollars, W eli yCur
government has borne
Another is that your insurance
with the government is to be turned
over to private companies. TITS
statement is absolutely untrue. Yov"
government insurance is, now co.
eminent insurance and will continue
to be- No private insurance COM
pany will ever get it. No private
insurance company wants it, for no
private insurance company could
possibly give the same benefits at
death or total permanent disability
for anywhere near the same cost as
your government gives you.
There is another misunderstood
ing in regard to- whea government
surance is only paid in the event o.
your death or should you be totally
and permanently disabled. 1t is
not and never was paid for partial or
temporary disability. Compensar,
tion, which is separate and has roth
ing whatever to do with your insur-
ance has been provided for that.
Remember that one of the most
valuable features of war risk IN
surance policy is that it pays Tor
total permanent disability of the in
sured, whether caused by disease or
accident in youth or old age, as well
as for his death. II, for any
reason, you become totally and per-
manently disabled. your premiums
cease and the government immedi-
ately commences the monthly INSTALL
ments of S5.75 for each $1,000 OF in
surance you have, and pays them so
long as you may live and remain so
disabled. There is no age restric-
ton to total permanent disability
benefits. No matter how old you
are when such disability occurs,
these benefits will be paid. In old
age one out of every two persons is
totally and permanently disabled.
II your insurance is in force no
medical examination is necessary for
you to change or convert your war
iiSh ihouidHNC lHJO government .Illc
insurance policies. Such examina-
tion would be necessary for you TO
obtain insurance from any other
source. Z.
Every ex-service man can rein
state his term insurance by paying
only two months premiums with his
health statement, il he does so be-
fore July /, 1920.
Don't worry il you never received
a certificate for your war risk insur-
ance, for if you made application for
insurance on proper form and have
paid your premiums when due,
either by allotment or personally,
your insurance is in force. You
should, however, write TO the bureau
and give a full statement of facts so
that your certificate which is held on
file az the bureau OF war risk insur-
anee, may he sent to the proper ad-
dress. -
Don't forget men die or become
totally and permanently disabled in
peace time as well as in war time,
and II you wait you may not be in as
good health as you were at the time