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The Military and Naval Insurance Act
The insurance provisions are entirely voluntary, making direct appeal to thrift, foresight, independence, and individual action. The insurance is for death or total disability. Since the rates of private insurance companies for life insurance under war conditions necessarily rise to prohibitive figures, the Government offers to bear the entire war hazard and to furnish insurance calculated on the basis of the American experience tables of mortality and interest at three and one-half per cent. per annum, offered in sums of not less than $1,000 nor more than $10,000....
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Title: The Military and Naval Insurance Act
Creator: Julia C. Lathrop (author)
Date: February 7, 1918
Format: Article
Publication: The Nation
Source: Available at selected libraries
Location: vol.106, no.2745, pp.157-158
Keywords: Economics; Family; Government; Insurance; Julia Lathrop; Laws & Regulation; Legislation; Military; Policy; Veterans; Veterans & Military; War; War Risk Insurance; WWI
Topics: Government, Policy & Law