Browning chief., 1947-08-15
N.S.L.I. Deadline Extended

N.S.L.I Deddline Extended
Veterans administration has ex-
tended and congress has approved
the time for reinstatement of lapsed
national service life insurance from
August l., 1947, to January l, 1913.
VA announces that between Feb
ruary 3, when the organization
LAUNCHED its insurance information
program, and July 9, the amount Of
insurance covered by applications
for reinstatement totalled $3,776,-
100000.
However, August l., 1947, still re-
mains the deadline for applying for
waiver of premium payments be-
cause of total disability for six or
more consecutive months and
waiver Of premiums by beneficial
ries of deceased NSLI policy hold
ers who prior to death either in
service or after discharge failed to
apply for the waiver. Such bene-
ficiaries may claim refund of waiv-
er premiums during the insured's
total disability extending as far
back as August l, 1941.
Also on the question of total dis
ability, if application is made by
August l, and entitlement to waiver
is established, it may be made ef-
fective from the beginning of the
disability period as far back as Au-
gust 1, 1941, and premiums paid
while the insured was totally dis
abled will be refunded.
Questions and AnsUers
@. l received my discharge from
the navy in May and I have been
considering for some time taking
out a G.I. loan under the G.I. bill.
Can you tell me the advantages
that veteran has under this loan
over any other type Of loan, since
I have been turned down by at least
one bank on the G.I. loan? What I
would like to know is if there is any
inducement for bank to make this
type of loan over an ordinary loan
of their own.-J. L. K, Phoenix,
Ariz.
A. Insofar as the lender is con-
cerned the interest rate of a G.I.
loan is perhaps lower (the maxi
mum is 4 per cent? than some other
types Of loans, but the lender also
is guaranteed by the government
against loss up to maximum Of
$4,000 of the loan, or if the loan is
less than $4,000, up to so per cent Of
| the loan. On the veterans side, the
loan can be made without requiring
down payment and, as has been
pointed out. the interest rate is only
per cent. The time for repayment,
which is Is years, is probably
longer than other types of loans
and, in addition, the government
pays the lender the first years in
terest on the loan.
@. My son was injured during his
service in the south Pacific and as
a result of his wound has one Grip
pied arm. Can you tell me the con-
catiOnal rehabilitation program for
disabled veteran. While he is able
to do some work, he thought he
might be able to learn some kind Of
work which he could do in his con-
di.iOn at expense of the govern
ment.-NIrs. ]. B., Centralia, Ill.
A. Generally speaking the condi-
votaran arc tbst he r,ust bave had
oct;ve ser,,ico On or ofter Sen+en,-
ber IA loan snd before oficia1 end
~ Tho v,.r. tb.+ bo n,,s+ b.va . dis
obsroo ,,,Ger cond;+;ons chez +b.n
disbonor,bIe. tb,t he r,uet have
compensate service-connected dis
ability, and that he must show
need for vocational rehabilitation to
overcome the handicap of dis
aplilty. oussest tnat you coiltact
your iIeal eSt sA o,i:ce IN ioi auviSe on
.t,o ~" ,a.ion,i w athS ahaL;1;tot;on ~
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en.e ~ ~ M""o, wv I t,n'. .,,n ,anr4,, - an
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