Evening star., 1927-04-17
S,S4O STILL HOLD
WAR TIME POLICIES
Increasing Dividends Cited in
Preparation for Final
Conversion Appeal.

Preparing for the Anal flood Of ap-
plications to convert Government
wartime insurance, the Veterans Bu-
reau stands on a record Of having paid
dividends ON all converted policies by
steadily rising scale Of payments,
suffering no set-backs since the plan
was inaugurated in 1929
This substantial position augers we'll
for the campaign which will be waged
by the Government TO get as many
wartime policies changed into more
permanent form before the time limit
expires on them at midnight, July >.
The insurance division at head
quarters here already is feeling the
first waves Of the flood which is eX-
pected to pour upon it as the zero
heur approaches for the insurance
Held by $3.50 Veterans.
This wartime insurance. on a terins
basis, with steadily increasing prerni-
ums, is still held by $3.50 veterans,
according to the latest figures In the
Office of Col. Dallas B. Smith, chief
of the insurance division, who recent.
" assumed that post by promotion
With less than 90 days intervening,
before all these policies must cease"
by law, unless converted into other
forms Of insurance. applications are
expected to come in to headquarters
here. and to the offices throughout
the field in increasing numbers up to
the very last day.
So far the volume has not as vet
reached the peak touched last year
on July /. when it had been thought
the privilege would expire. But Con
Rress stepped in last year and ex-
tended the time for another year. ghis
time it is final, as Congress has acted
az adf cd nd a CT phA
will he before midnight July 2.
The value Of the more than $4,000
outstanding wartime term policies is
placed at ST66. .619, ,605. In addition TO
this the Government also has issued
converted policies to 46S,4T7 men
amounting in value TO $2,010. 40T. .733,
making a total value of Government
insurance outstanding as of March
81 Of S2.777 ,026. .426. This does not
include and has nothing to do with
the soldiers bonus. which also is in
the form Of an insurance
Typical Case Cited.
To get a simple picture disclosing
The manner in which dividends have
been constantly increasing on con-
verted policies. figures were obtained
from q typical case of the average
age Of 80 years. In the case OF one
ANtEIdIt. III 4tElA "a ~ pa AACAAN AfAN
policy for 81 900. the record shows
that his dividend receipts had in
creased steadily from 1890 up to the
present time. without a single set
back. as follows; 1920. Si12; 1921,
$1.25; 1922. s1S3; 1928, s.; 1924. $2.14:
1925, $2.1S, 1926. S2.19. and 1927, S2.2S.
Dividend checks are being paid out
TO holders of converted policies III
various parts Of the United States
daily, with an average now of about
Iii. checks each working day. They
are paid ON the basis of yearly
schedule of rates, which. as Illus
trated. paid to the holder of a 20
payment life 81 600 policy this year
S228 All other ages and sizes OF
policies are paid oBt of the schedule
ON proportionate basis. The show
ing is interpreted by officials at the
bureau as gratifying, made possible, /
principally by growing interest earn
ings, and savings on mortality.
More Than 81 ,O0O, 600 Paid
More than a million dollars in cash
has been paid in dividends since the
FIRST of this calendar year, the rec
ord of April Is on this account. stand
ing at SLIGO, ,366.13, while other items
Of dividends included $12.750.24 de-
posited in the bureau dividend fund,
A-Lt
paid dividends and S40I loan princi-
pal. making a grand total since the
first of January credited to dividend
payments of $l.174, 1858.
The total amount listed as having
been paid out in dividends since the
beginning Of converted Government
insurance up to April is, is shown
TO be S14,323,0 ,076.21 The first con-
Verted policy was dated December
1918.
Final Drive Now On.
The final drive for conversion is
now on. a preliminary Nation wide
convert your insurance. drive was
conducted earlier in the year, in
order TO get the movement under
Roadway Now there is being sent
cut 10 each of the more than $4,000
holders Of temporary wartime in
surance personal letter from
George f. Ijams, assistant director
OF the Veterans Bureau, presenting
the whole proposition He lays
stress, however. on the new offer
which Congress authorized in its
last session, the least costly kind
Of convertible insurance. known as
the "five-year convertible term
policy"
This new type of policy has been
issued only since July /, last, but
already has become popular as a
temporary form of protection, which
inside of five years will grow into
straight life policy, should all its
provisions be fulfilled by the holder,
or may he converted meantime into
other forms.