Evening star., 1954-12-15
Veterans Guide
BY Moi. Thomos M. Mol


money win be paid out next year
by the Veterans Administration
to veterans who have continued
to pay premiums on their Ma
tional Service Life Insurance.
But the 1855 dividend, the
fourth in four years, will be
about 10 per cent higher than
previous dividends for veterans
with five-year term insurance
the kind that has premiums
which increase every five years.
The dividends on permanent
plan policies-20-pay life, ordi-
nary life, endowment, etc.-will
be about the same.
The dividend will be paid to
every vet who has paid premiums
for at least three months be-
tween this years and next years
policy anniversary date. In case
you've forgotten, the anniver-
sary date of your policy is the
day of the year that you origi-
nally took it out or changed 1t
over.
Rate Changes.
The size of your dividend will
depend on a number of factors
your age, type Of policy, amount
Of the policy, etc.-with a good
share OF the dividends pegged
at $66.
If you have a five-year term
policy and were 40 or under
when your last term period
started, the dividend rate for you
is SIS cents per $1,000 insurance
for each month you paid pre-
miums on the policy during your
anniversary year.
If you have a $4,000 policy
on which you paid premiums for |
the full IL months, your divi-
dend will be $66-55 cents (the /
dividend rate) times 10 (the !
number of thousands of insur-
ance) times IL (the number of |
months you paid premiums.
If you have five-year term in
surance and were over 40 when
the latest term policy started,
here's the dividend rate per
$1,000 per month for you:
Age ii, 53c; age AZ, sic; age
43, 49c; age a., 47c; age As. 45c;
age As. 42c;; age Al, soc; age 48, |
36c; age 40, 33c; age so, SOC; age |
81. 28c; age So, Csc; age SO, 24c;. |
age 81. 22c; age SIS. zoe; age 56,
22c; age 81, 24c; age So. 26c: age
SO, 28c, and age so or over, soc. |
If you're over 40, use one of |
these figures instead of the 55c |
used in the example above.
Permanent Plan Varies.
If you have a permanent plan /
policy. it's impossible to give you
simple formula to figure out
your dividend. There are nearly
1900 rates. depending on your
age when you took out the pol |
icy, the type of insurance and /
the length of time you've had |
the policy.
You'll receive the dividend |.
payment on your insurance in |.
exactly the same way as you res
ceived it last year unless you re-
quest the VA to pay it in a diff
ferent way. All you have to do to |
change the method of payment
is to- write to the VA district
Office to which you have been
paying your premiums. @
If you have a permanent plan
policy, you can ask for the divi- !
dend in cash, or ask to have it
put on deposit with the VA to
be drawn upon for future pre-
miums, or put on deposit to draw
3 per cent interest.
If you have a term policy, you
may ask for it in cash or have it |
applied as advance premiums on
your policy.
- If you have never asked the
VA to pay your dividend In a
specific way, it has been put into
a special fund upon which the
VA may draw to pay lapsed pre-
n1iums. 1t has been drawing
three per cent interest.
AS in the past, the dividend
payment will be received some
time after the anniversary date
OF the policy. The VA says that
most dividends which are to be !
paid in cash will be sent out
shortly after your policy's ami 7
versary date.
fYou may tBrite Maj. Nial
In care OF The Star about
your Dice-connected prob
lem. Please inclose a stamped,
self-addressed envelope and 90
cents in coin.