Unless World War Veterans heed the warning of the United States Veterans’ Bureau and the Red Cross to convert their war term insurance policies by July 2nd, 1927, some thirty billion dollars of insurance will become void on that date and will be finally lost to veterans, a statement issued by the Jewish Welfare Board states.
Although numerous bills to extend this date were introduced during the last session of Congress, none of these were passed. The law as it now stands requires that men exchange, “convert”, their war term policies which they purchased while in service for one of the more permanent forms of Government Life Insurance.
The final date for conversion can not be extended this year, as has happened in the past.
Even if no term insurance premiums have been paid for many years, the majority of veterans can still reinstate at very small cost.
The Jewish Welfare Board is prepared to explain the relative valus of the various types of insurance and to assist with the technical work of filing applications with the Veterans Bureau.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.