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Show Many Vets Will Lose G I Insurance Nearly 60,000 veterans of WorlJ War II in Utah will lose the advantage ad-vantage of their GI Insurance If I the liberal reinstatement provision provis-ion on GI Insurance dies July 31,1 1948, said Edward T. Cbrien.' State Director of the Utah De-, partment of Veteran Affairs, today. to-day. Pushing a concerted insurance reinstatement drive among the Department's District Service Officers Of-ficers throughout the state, Mr. O'Brien stated: "The reinstatement reinstate-ment provisions on GI insurance have been twice extended to give all veterans the opportunity opportun-ity to reinstate, but the procedure, proced-ure, I am advised, will not be further extended". The State's Veterans service directed out that approximately 110 billion dollars in insurance, the sum represented by nearly 10 million lapsed policies, may go by the boards next month. Veterans who still can pass a physical examination exam-ination may be able to reinstate after the deadline. In the period of February, 1947 through May 31, 1948, 10,779 Utah World War II veterans reinstated reinstat-ed $64,747,000 in National Service Ser-vice Life Insurance. While Utah places high among the states reinstating lapsed GI Insurance only one out of seven Utah World War II veterans has reinstated his lapsed insurance. The Utah State Department of Veterans Affairs has set as lis' goal reinstatement of 50000 lap-1 sed GI Insurance policies be-j tween now and July 41, 1948. Mr. O'Brien remarked that this will be a substantial assignment, since the average reinstatement in Utah has been approximately 500 per month. I The Utah Department of Veter-' an's Affairs' director added: "Nothing . can replace the value of a GI Insurance policy and all Utah GIs are urged to make sure that their policies do not lapse, or that If they have lapsed to renew them before the deadline date." In cases where the original $10,000 policy Is too much for a GI to carry, Mr. O'Brien pointed out that the insurance can be cut down to any amount a3 low as $1,000 in multples of $500. The rate of this term insurance between $7.00 and $8.00 a thousand, thous-and, is the cheapest protection a man can buy. The District Service Officer, Haldow E. Christensen in your area, located at 55 north Main street, is the Utah State Department Depart-ment of Veteran's Affair's representative. repre-sentative. He Is specially trained train-ed in all phases of veterans affairs, af-fairs, including advice and counsel coun-sel on GI Insurance, and he may be contacted by any veteran in this area seeking insurance information. |