The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1927-02-23
Government Insurance Is
Cheapest for Ex-SerUice Men


ed by the United States Veterans
Bureau in the present effort to ac-
quaint all. men with their rights con-
corning Government Life Insurance.
There were $1,000 individuals in
the Service by the name of Smith. "
Each one of these Smiths was en-
titled to take out $10,00O,O00 worth
of Government life insurance. If all
of these Smiths had carried this max
imum amount of insurance to the pres
ent time, the combined number would
be carrying $519, 000, 000.90 worth of
Government Insurance, and would be
able, at the present time, to surren-
der this insurance for cash in the
amount of $44,115, 10000. If circum-
stances made it necessary for them to
borrow the maximum amount of
money on their policies, the combined
number would be able to borrow SAL
468, 10000.
The Government is thus forcibly
bringing to the attention of all ex-
service men the fact that while in
surance is not primarily a bank ac-
count upon which to draw, or a source
of credit upon which to borrow, it
nevertheless, is means, which, in
time of need, may be used to advan-
tage for these purposes.
In the State Of Minnesota over 100,-
900 service men have the same priv
ilege as the Smiths throughout the
United States. However, more than
ninety per cent of these men have
failed to avail themselves Of this lib
eral offer of insurance by the Govern
ment.
The Government, through the Unit
ed States Veterans Bureau, announces
the fact, however, that the opportun-
ity to take advantage of this insur-
ance is still open and will remain open
until July End of this year. After
that time the privilege will be fore
ever lost. AS business asset to ev-
cry community; as protection to ev-
cry community; and as privilege
to all men who carried Government
Insurance during the Service, the inn
portance of this closing date cannot
be overestimated.
It's Importance is shown by the
fact that the President of the United
States has issued Proclamation ask
ing all public minded people to call
these facts to the attention of the ex-
service men. The same action has
been taken by the Governor of the
State of Minnesota and by the Mayors
of Minneapolis and St. Paul. The To-
cal forces of the American Legion
and other service organizations have
endorsed the policy, and their officers
are prepared to give necessary infor-
nation to ex-service men who make
inquiry.
In addition to the 81, 900 Smiths,
there were $4,000 persons by the
name of Brown; $4,000 Williams; 49,
$50 Jones; $4,000 Andersons; 1880
Walkers; $4,000 Millers and $4,000
Johnsons by various spellings, all of
whom, together with the other hun
dred thousands ex-service men are
eligible for like benefits.
Attention is also called to the fact
that this is the cheapest and best -in-
surance available to ex-service men,
and men who were disabled in the
service, and who, therefore, would not
be able to take out life insurance
through commercial companies, are
eligible for this insurance. 1t is
privilege which is open at the pres
ent time. but which will soon close
and, therefore, there is urgent need
of present action.
Information can be secured at the
offices of the local service organiza-
tions and the Red Cross. In addi-
ton the u. S. Veterans Bureau in
Minneapolis has established special
department to handle inquiries and
can be reached at 100 Hennepin Av-
enue.