OCR Text |
Show War Insurance Not to Be Paid . In a Lump Sum WASHINGTON, July 12. Widespread Wide-spread impression that insurance of men in tho military service is paid in lump sum after their death led the war department to make the announcement an-nouncement today that payments of benefits under the war risk Insurance act are made over a period o.f twenty years. The insurance is payable, on the death of the insured, on the bnsis of $5.75 per month for each $1,000 ot insurance for 240 monthly installments. install-ments. For the maximum of 10,000 the beneficiary would receive a payment pay-ment of $57.50 per month for twenty years. |