Show National Service Life I Insurance for Vets v ts Question No 1 What I-What What is the National Service Life Insurance Ins rance Program Admin Admin- Administration by the Veterans Administration tion Answer No 1 The I-The The life Ufe insurance pro pro- program 1 grain gram being administered by the Veter Veter- Veterans Veterans Veterans ans Administration Is of interest to every person now engaged in the war and to those discharged or released from service Question No What 2 What 2 What types of or life ute In Insurance In- In Insurance insurance I are arc available to service people and veterans of or this war Answer No 2 2 When When a person is sworn into active service of ot any branch of or the I Armed Forces in this war he or she li 15 I given an opportunity to apply for ter and receive National Service Life Insurance In amounts starting at 1000 and up I to without medical examina examina- tion This is five year level premium I term insurance and only recently the i I insurance under this plan was extended I I three additional years after the end of or of 1945 1045 II Question No Is 3 Is 3 Is that the only type typo of life lite insurance a person entering the I cervices In this war can an apply for Answer Yes r No 3 y 3 Yes s that Is the only typo of or life Ufe insurance available to them I when they enter However after that that I typo of ot insurance has been in force fore's for tor forone f fone one OUI year and before the expiration of or I Iho tho ho term limit it can be converted to ordinary life Ufe sometimes called straight life pay 30 life Ue or 20 20 pay pay life Ufe These arc are known as permanent forms torms of In Insurance In- In Insurance insurance or combined L protection and in- in investment Investment investment j vestment forms torms I Question No N 4 4 Getting Getting back to the extended l year 5 5 ear year term Insurance first is- is Iss t I s shied dl to 0 people people has has that that- any accumulated acc value for tor tho the insured after It has been In force torce say for tor two or i three o years Answer No 4 4 4 Is built up on this plan of or insurance The J I j reason for tor this is that the premium or cost of the insurance was placed by bythe the government at a very low figure I and is estimated to be sufficient to pay for protection only The year five term insurance is excellent protection for a benett ary but the cost does not war war- warrant warrant warrant rant tho the accumulation of ot monetary benefits for tor the person insured |