Salt Lake Telegram | 1951-02-01 | Page 3 | V. A. Starts 2nd Dividend on Insurance in April

I V. V A. A Starts 2nd Dividend On Insurance in April V WASHINGTON Feb 1 INS The The Veterans administration announced Thursday it will pay about eight m million World Var War II veterans a second G G. I I. I insurance insurance insurance ance dividend di of million dollars dollars dollars dol dol- lars or an average a 85 per manAH man All AH ex G. Is I.'s or military personnel person person- nel who held National Service Life insurance for at least three months during the past three years ears are eligible for payments V V. V A A. A said the first checks willbe will willbe willbe be mailed out in April The size of each check depends on how much how many and what type premiums the veteran has paid into V. V A A. along with his age group The actual rate structure on I each policy is still being studied by bj V V. A A. But based on the initial payment last spring dividends I may mav range from as low as a month per 1000 of term Insurance insurance insurance I ance to 1 65 a month on a 1000 permanent endowment p po policy o n Ii e c y Term insurance dividends di approximated approximated approximated ap ap- apI ap- I a month per 1000 I Ifor for most G e ex GIs I's Is Policy holders in the upper age I brackets will get less than younger groups Con Considered sid ere d gi greater eater rIsks the older persons I are subject to a larger fund held in reserve for them by V V. V A A. A Unlike the first fust surplus payments payments payments pay pay- ments second-round second dividends will not be he paid en masse Payments Pay Pay- ments will be made according to the date dale a veteran subscribed for his insurance