Salt Lake Telegram | 1932-06-24 | Page 6 | Bill Renews Vet Insurance

BILL RENEWS VET INSURANCE WASHINGTON June 24 JP- JP Awaiting President Hoovers Hoover's approval at the White House Is legislation to te enable World war veterans to renew their year five-year government insurance Insurance Insurance In in- contracts contract for an equal period without further medical examinations examina examina- On such renewals premium rates would be fixed according to the attained attained at at- age which the veterans bureau estimates will average 41 years rears in July when most of the these year five policies expire Present law demands that upon expiration these policies may be converted converted con con- to premium high policies The uThe lowest issued policy to which the year five-year term policy may be converted is the ordinary life policy said the house veterans committee that prepared the legislation explain lag ing this form torm of contract would cost annually on of Insurance There are approximately veterans affected by this bill the said and this is an extremely extremely ex ex- ex serious matter to them because because be be- cause so many arc are unemployed ed and unable perhaps to make their insurance insurance ance payments They will be unable to carry their insurance unless they can have this extension of ot five years and thus will willbe willbe willbe be forced to drop their insurance and so deprive their families of ot tion Provision also Is made in the bill for tor the renewal of expired policies as of the date of ot expiration upon the payment within four months of back the premiums premiums premium