Jackson advocate. [volume] (Jackson, Miss.) 1939-current, 1956-10-20
First Dividend -.

Continued from Page One)
Higley, Administrator of Veterans
Affairs, announced today.
Mr.. Higley also announced a
$25 100000 increase in the regular
annual 1857 dividend for some g.
100000 policyholders of National
Service Life Insurance (NSLD
which originated in World War III.
He said this dividend will amount
to $210,O0O,000, compared with
$185, 100000 for 1856, and that
policyholders will receive proper
tionately larger sums.
The first dividend in % years
to USGLI term policyholders will
be paid out Of the total 1857 USGLI
disbursement of s26,00O,OOO for
both term and permanent plan
policies. The term policyholders,
numbering about 10000 will receive
approximately 100000, and the
permanent plan policyholedrs, num-
boring approximately 100000 will
receive the remaining 25,000,000.
Mr.. Higley said the last dividend
paid to USGLI term policyholders
was disbursed in 1882. Up until re-
Gently the mortality and disability
experience among these term poll
cyholders has not been good enough
to warrant the payment of divi-
dend. However, the continuing
good trend of recent years has
made it possible to pay a dividend
on this plan for the first time in
Is years, he explained. Any such
future dividend will depend on a
continuation of a favorable NOR
tality rate, he added.
Mr.. Higley said the dividend will
amount to an average of 20 percent
of the premiums these 10000
USGLI term policyholders are pay
ing at present He said each term
policyholder is being notified by
letter.
The total $26,OO0,OO0 dividend to
be paid in 1857 to both term and
permanent USGLI policyholders is
100000 higher than the S24,000,-
900 disbursement for 1856. With
100000 of this increase allo-
Gated to the term policyholders, the
remaining 100000 will represent
an increase for the permanent plan
policyholders.
Mr.. Higley said the S1,0O0,00O in
crease for the permanent plan
policyholders will result from the
normally higher payments that ac-
crue to permanent plan policies of
longer duration. Otherwise, he said,
the 1857 USGLI dividend rates for
permanent plan policies will be I'M
changed from the 1856 rates
The regular annual NSLI divi-
dend of $210,OO0,O0O for 1857 rep
resents a Is percent increase over
the 1856 dividend of 100000
and therefore will result in an aver
age IS percent increase in dividend
payments to both term and perma-
nent plan policyholders, Mr.. Higley
said.
Some NSLI policyholders, he
said, will receive an increase of
more than IS percent in their 1857
dividend checks, while others will
receive less than ID percent. The
higher age groups will get the bulk
of the over-13 percent increase,
while the lower age groups will get
most of the under-13 percent in
crease.
Mr.. Higley stressed that both
the NSLI and USGLI dividends are
regular annual dividends, not
special dividends. He said pay
ments will be made during 1857 on
or about the anniversary date of
each policy, beginning in January
and ending in December 1857.
He requested policyholders not
to inquire in advance about their
dividend payments as as not to de-
lay the processing time.
The only CT insurance policy
holders who will not share in the
1857 dividends are those who have
the nonparticipating post Korea
NSLI term and permanent plans.
The law under which these policies
are issued prohibits the payment of
L.