Washington standard. [volume] (Olympia, Wash. Territory) 1860-1921, 1920-04-20
More About Your Insurance.

Have faith in the war risk insur-
ance. 1t is only a question of time
until the enormous machine which
the government has organized to
handle soldiers insurance gets away
on working basis. and then it will
be realized that this form of insur-
ance is the most satisfactory that a
service man can carry. The war risk
bureau has had staggering amount
of work to do, as anyone will realize
when it is known that more than
$40,000,0O0 of insurance was writ
ten in the course of a very few
months. Figure it out. The maxi
mum policy is $4,000 and many
buddies can be called to mind who
hold policies for less than that
amount
The fact is that the name of nearly
every man who was in the army can
be found in the files Of the war risk
bureau. This then will account for
some of the mistakes and delays that
all of US have experienced.
Also the bur eau was a fun going
concern from the first. There was
no start from small beginning with
a chance to perfect methods of hand
ling the business while the files were
yet small and an error could be cor
rected without rummaging through
the whole of the city of Washington.
On the contrary congress said: You
are the war risk bureau. Here is the
roster of the army Of the United
States. All Of these men are insured.
Go to it," And from that day on
hundreds of thousands Of premiums
came pouring in every month. Is it
any wonder that when a name was
lost there was delay in discovering
the loss. or that when the wrong GER
tificate number was attached to a
name it stayed attached for some
time? Men old in the insurance
game have marveled that any order
has been created out of the chaos.
So 1t is no argument against govern
ment insurance that the errors and
delays which are bound to crop out
at this time signify unstable protec-
ton.
The following quotation from a re-
cent bulletin is Interesting:
"The government premium does
not carry administration expense.
That is borne by the taxpayer. There
is no tax. there is no labor expense.
All of this is borne by the taxpayer.
So in the last analysis there is every
reason why you should hold onto
your government insurance. 1t is
the cheapest, has the most substan-
tial backing-the treasury of the
United States itself-and will be the
most attractive"
The American Legion is carrying
on a campaign to have every eX-serv-
ice man reinstate his insurance. War
risk officers have been appointed in
every post who are giving their time
to any man who desires assistance.
and those officers are supplied with
the information relative to the meth
cd of reinstating and converting in
surance. and the rates Of premiums
Of the different forms into which in
surance may be converted. viz: Ordi-
nary life. 20-payment life. 30-pay-
ment life. 20-year endowment. 80
year endowment and endowment ma
turing at the age of 50.
One feature of this insurance
makes it almost indispensable to the
prudent man is the fact that the in
sured obtains paid up policy on the
date of becoming permanently and
totally disabled, and this without adj
ditional premium cost. In other
words. on the date when the insured
becomes. totally incapacitated the