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Show VA Explains 1952 Dividend On Insurance Veterans Administration is receiv ing many letters and telephone calls from veterans holding National Nation-al Service Life insurance policies concerning the recently announced 1952 dividend payments. This dividend, VA explained, is for the policy year from the anniversary an-niversary date of the policy in 1951 to the anniversary date in 1952. The "anniversary" date of the policy is actually the policy's "birthday" - - the birthday of the date the policy was originally issued, is-sued, renewed or converted into a permanent plan of insurance. The 1952 dividend will not be due on a policy until that policy's anniversary anniver-sary date this year, and it will be several weeks following that anniversary an-niversary date before a veteran will receive a check. And, VA emphasized, only those veterans who have written the VA, - - or who write the VA before that anniversary date - - will receive re-ceive the dividend in cash. A special card, on which a request re-quest for cash can be made, has .been mailed to all veterans eligible for the dividend. This oard should be used if available; however, VA said any written and signed request re-quest will be acceptable. If the oard or written request for cash is not received by VA, the veteran's dividend will be held by the VA to apply against any future premium the veteran fails to miake, 'following the anniversary dale. The veteran has two other options, op-tions, VA said. He may request, in writing, that the dividend be held by VA and used to apply oti any premium be specifies, following the anniversary date, or If his policy is a permanent type (like ordinary life or an endowment endow-ment policy - but not on the term plan), he may request, in writing, that the dividend be left with VA at interest, to build up the cash value of his policy. The two points the VA wanted to stress are: . . 1. The dividend is not due until its anniversary date, and the veteran vet-eran could not get the cash or have it apply on a premium until AFTER that anniversary date; and 2. The veteran must write the VA if he wants the dividend in cash, if he wants it applied on any particular premium, or if he wants it put to work drawing interest. in-terest. Otherwise, it will be held by VA to apply against any premium pre-mium the veteran fails to make. Veterans in this area, when writing writ-ing about their dividend or any ntiher GI insurance matter, should address their letters to: Veterans Administration District Office, Denver Den-ver Federal Center, Denver, Colo. |