Evening star. [volume] (Washington, D.C.) 1854-1972, 1926-07-08

The late Congress gave consider
able relief to the veterans OF the
World War. but in equal proportion
added to the daily labors Of the
Veterans Bureau and Of all other
administrators or that relief. Mill
Hons Of beneficiaries are concerned
in its application.
The amended act affecting the vet
Grams has most to do with war
risk Insurance., but II also greatly
liberalizes other forms Of benefit.
amendments have grown, was APP
proved September 3. 1914. and re-
lated only to insurance of maritime
cargoes in the war zone; hence. was
called WAR Risk Insurance" It
had nothing to do with insuring
human lives until in June, 1917, we
having entered the war, Congress
realized that the lives OF those who
operated the ships were more valu-
able than their cargoes and Presi-
dent Wilson approved Public Act 20
passed by the Sixty-fifth Congress.
Then, in October, 1917. came the
first general amendment relating to
war caused disability OF soldiers,
covering both compulsory and volun-
tary provisions for the benefit Of de-
De0uSHtS, Hhu CNCn PAVs-AAA.D go
automatic insurance Of soldiers, be-
fore they could have opportunity to
There were 100000 policies at
the signing OF the armistice; Of this
number only about 10 per cent are
now IN existence, either as matured
or current policies. Eighty-five per
cent. representing $50 1000, 0O0, 0Oo,
were allowed to lapse. Yet the Gov
eminent is now paying. either IN
monthly installments or spot cash,
oblieations amounting TO s1,600,0OO,-
900 az the result OF deaths or dis
nbility-which is billion dollars In
excess OF all premiums received from
ali poiicyholders.
*MN
The new statute provides partic-
uIarly liberal manner in which service
men who Cancelled or lapsed their war
time insurance may now reinstate the
same.
Under the terms Of the bill man
who is disabled, relative to his active
military or naval service, and who
q not yet permanently and totally dis
abled, may reinstate his insurance
within one year from the signing q
the act--i. e.. before July 2, 1927--upon
the nayment of back premiums with
interest compounded semi-ann
but IL he is able to prove to the sat
isfaction Of the director OF the Vet
erans' Bureau that It would be I'M
possible for him to advance the pre-
Tni1ims through the lapsed period, to-
eefher with interest, averaging a
total Of about 500, he win be permit
ted toA reirstate his policy, the back
premiums and interest being placed
ass an obligation against the face
value Of the policy, to be deducted In,
any settlement Hereunder by virtue
of total disability or death.
The Government insurance. Wheth-S
81 It is the yearly renewable term In
surance C.war-time insurance. or any
one OF the converted forms Of the
policy, such as the three endowment
forms and two life forms. Is, BY 20
per cent average, the cheapest level
premium participating insurance sold
In America. The premiums are based
upon the American mortality ex-
perience tables, plus 8 ~ per cent. It
win be observed that this Is q death
rate. The American mortality ex-
perience tables have not been revised
for many years, and In view OF the
fact that many OF these men were
more or less Of q selected class. the
mortality rate has been low, while
the general average span Of life has
increased. This makes for high til-
terest returns, reserve. surplus, etc.
No extra charge Is made for In.
Hurance against permanent and total
DISABILITY, no matter when It may
occur. Private insurance companies
ordinarily do not pay for permanent
and total disability which develops