Show TO AMEND AMEN D INSURANCE ACT amendment of the war risk insurance act will be urged by the Aine american rican legion through its legislative committee in ill washington in order to allow men insured under the act to elect whether their insurance upon maturity will be paid in installments stall ments or in one lump payment former senator luke lea and former congressman thomas W miller filter joint chairmen ot of the committee plan to have legislation introduced immediately to effect this alternation in the act to carry out the expressed wish of the american legion delegates at their st louis meeting the present form of war risk insurance is known as term insurance and is payable in monthly installments tor for a period of months this may be converted into ordinary forms of insurance such as straight life insurance twenty or thirty year paid up life insurance and endowment insurance except in ill the case ot of a matured endowment these forms of insurance under the present act are payable only in installments extending over a twenty year period the amount of installments depending upon the at amount of insurance su rance the purpose of the intended amendment is to allow a man to elect how the insurance shall be paid service men say that their beneficiaries in many cases are too old ever to realize any usefulness from the insurance it if paid only in monthly installments stall ments it has also been suggested that men be allowed to elect payment of part of their total insurance in one lump jump sum and the balance in t installments |