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Show GOVERNMENT TO OMSK LIS Plans to Care for Soldiers and Sailors Roughly Outlined. Private Companies to Have No Share in the Reinsurance. WASHINGTON. Nov. IS. Preparations by the government for reinsuring the lives of soldiers and sailors on their return have been hastened by the signing of the armistice. Although regulations have not ..vet been fully drafted, it is certain ills' L ach of the 4,250,000 men in the Military Mili-tary v naval service now holding vol-iias vol-iias government insurance will be per-ffiued per-ffiued within five years after peace is ? declared to convert it without further medical examination into ordinary life, twenty pay life, endowment maturing at the age of 62 or other prescribed forms of Insurance. Tills insurance will be arranged by the government, not by private companies, and the cost is expected to be at least one-fourth less than similar forms offered by a private agency. Private companies would not write insurance on many wounded men. The government will arrange to collect premiums monthly, if men wish to pay this wav, or for longer periods in advance. This may be done through postoffices. The minimum amount of insurance to be issued is-sued probably will be $1000 and the maximum maxi-mum $10,000, with any amount between those sums in multiples of $500. There will be provision for payments in case of disability as well as death, according to tentative plan. The insurance may be purchased by any soldier, sailor or marine ma-rine officer, enlisted and by women members of the army or navy nurse corps, providing they already hold government voluntary life insurance. About 95 per cent of the 4.500,000 men in the service axe covered by this insurance, which expires after they go back to civilian life and cease paying premiums. This is the system sys-tem devised to replace the old pension plan of providing for ex-soldiers and sailors. sail-ors. Thus will be created out of the government's govern-ment's emergency war insurance bureau the greatest life insurance institution in the world for peace times with more policv holders and greater aggregate risks than a half dozen of the world's biggest private companies combined. Out of the experience agained may eventually develop de-velop expansion of the government insurance insur-ance to old age, industrial and other forms of insurance, in the opinion of officials of-ficials who have studied the subject. Regulations for reinsuring returning soldiers sol-diers and sailors are being framed by an advisory board to the military and naval section of the war risk bureau consisting nf Arthur Hunter, actuary of the New York Life Insurance company; W. A. Frazer, Omaha, of the Woodmen of the World, and F. Robertson Jones of the Workmen's Compensation Publicity bu-rea'i, bu-rea'i, New York. . PXans also are under consideration for allotting beneficiaries of men who have iirnr been killed in the service to choose flliween taking monthly payments over a Treriod of twenty years or to commute these payments in a lump sum. |