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NATIONAL SERVICE LIFE INSURANCE
Your National Service Life Insurance policy is a valuable contract. You
wi11
never get a
rate as cheap from a civilian company. This is bound to be so for
the Government pays all costs of administration of this insurance which is a
substantial part of the cost of any policy. Also, the cost
of special features such as waiver of premiums in case of total disability,
which in private contracts must be paid for by an addition to
the premium, are paid by the
government. Another feature that makes for a cheap rate
is the relatively low age of most servicemen insured under NSLI with
consequent low losses.
The running of NSLI is a function of the Veterans
Administration, and not to any other agency. All income from
insurance premiums are segregated from other government funds.
Premiums for this insurance are based on the same
mortality tables that all private insurance companies use. Any
profits are required by law to be paid in the form of dividends.
However, up to the present any profits which might have been
realized have been used up by a liberalization of the policy provisions.
Consequently, these policies have become even more valuable.
Recently,
the original five year term of all NSLI policies was extended to eight years.
So you can continue your
policy for its present amount or for any lesser amunt in
multiples of $500
but not lass than $l000 total for at least three more years.
NSLI
is for the protection of your dependents,
consequently, the proceeds are payable in monthly payments only.
Premiums after discharge must be paid directly to the Veterans Administration each month unless
you write and request permission to change to a quarterly, semi-annual or annual
basis. The method of payment must not be changed before hearing from
the VA, or your policy will lapse. The premium will be exactly the
same
as you have been paying until the end of eight years.
After you have gotten re-established again in civilian life you will want to convert your policy to a permanent form. This
may be done anytime after the policy has been in force for one year and must
be done before the end of the eighth year.
The costs under a permanent type of policy will, of course, be greater for under
this
(cont'd to page two)
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PLANE CRASH:
A U.S. Navy plane piled up in a GA. swamp last night, Kiallying
[sic] six or seven
men. The plane was so completely wrecked that there was no way of distinguishing how
many men were actually in it at the time.
FROM THE HALLS OF MONTEZUMA:
The First U.S. Marine Division landed at
Tientsin, China, yesterday. 'Their mission is to aid the Chinese Central Gov't to restore
law and order. Once Chiang Kai Sheck is able to send enough Chinese
forces in to maintain order the Marines will withdraw.
ARGENTINA DISORDERS CONTINUE:
Universities in Argentina have suspended classes. The students
chief
occupation at the present is mass demonstrations against the Military
Regime and burning the colonels in effigy. Some of the people
arrested have
been turned loose but many are still being held "incommunicado".
SAIGON:
Hand to hand fighting is reported between Indo-Chinese and French troops.
It becomes increasingly apparent that a vast majority of the people in
Indo-China are strongly opposed to a return of French Colonial Government.
MANCHURIA:
Red Army forces are withdrawing from Manchuria. The evacuation will be in
full swing throughout Oct, and will be completed by November. --Red Star.
D.P.'s:
President Truman issued a blunt order to General Eisenhower today concerning Displaced Persons. Laying particular
emphasis on the plight of Jewish DPs, the Pres.
ordered Ike to get them out from behind barbed wire and into houses, even if he had
to unhouse Germans for that purpose.
PALESTINE:
Due to factional differences between the Jews and Arabs the British have dispatched
2,000 more troops to the middle east. Some criticism of this move
took place in the House of
Commons. The critics idea was that the troops could be better empl0ycd in the far east. The
Ministry of War answered the critics with, "A stitch in time saves 9".
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