LINDSAY— SOLDIERS' AND SAILORS' INSURANCE. 645 



The insurance is automatically renewed from year to year at the 

 slightly increased premium rate for each additional age year until it 

 lapses automatically five years after the end of the war, unless 

 wi^-hin that five years the insured exercises his option of converting 

 it without physical examination into any of the ordinary forms of 

 insurance at the rates which the government may prescribe. The 

 premium rates are based upon the American experience table of 

 mortality, with interest at 3^ per cent, per annum. The insured, 

 therefore, gets his insurance in an extra-hazardous occupation at 

 less cost than it would cost him in peace times in any commercial 

 insurance company. He has 120 days after enlistment, or after 

 entering the active service, in which to elect to take insurance and to 

 decide upon the amount he wants. He may drop any part of his 

 insurance which he does not wish to carry at any time he chooses, 

 but at the expiration of the 120-day period he may neither take 

 insurance in case he has not elected previously to do so, nor increase 

 the amount of his policy in case he has not elected to take the 

 maximum of $10,000 allowed. Premiums are usually paid auto- 

 matically by monthly allotment of pay, and the insurance runs as 

 long as the premiums are paid, whether the man leaves the service 

 or not, unless it is terminated by the discharge or dismissal of any 

 person from the military or naval forces on the ground that he is 

 an enemy alien, conscientious objector, or a deserter, or is guilty of 

 mutiny, treason, spying; or any ofifense involving moral turpitude, 

 or willful and persistent misconduct. 



The amount of the policy in the event of death or total and 

 permanent disability is payable in 240 equal monthly installments, 

 except that if the insured is permanently and totally disabled and 

 lives longer than 240 months, the monthly payments at the 240 

 months' rate continue as long as he lives and is so disabled. In the 

 event of the death of the insured before 240 monthly payments have 

 been made the remaining monthly installments go to his beneficiary. 

 In the event of death before any or all of the 240 monthly payments 

 have been made, the insurance is payable in 240 equal monthly in- 

 stallments to any beneficiary designated by the insured within the 

 limited class of beneficiaries prescribed in the law, which includes a 

 spouse, child, grandchild, parent, brother or sister as defined and 



