WAR RISK INSURANCE

a system of government insurance, organized for the benefit of all persons engaged in the military and naval services of the United States. Government insurance of soldiers and sailors of all ranks, as well as pf army and navy nurses, was an outcome of the World War of 1914—18, and came into force in October, 1917, - following America’s entry into that - eonflict. The payment of war insurance is closely related to war pensions. Servica men and women could be granted {psurance, without medical examination, against death or total disablement, in any multiple of $500, and not le than for $1,000 or more than $10,000, upon payment of prescribed premiums. The premium rates were $7.38 annually per $1,000 on policies up to $10,000 for persons aged 20; $8.28 and $9.73 per $1,000 respectively for persons aged 40 and 45; and $13.68 per $1,000 for persons aged 50. By the end of February, 1918, 90 per cent of the men in service had availed themselves of government insurance. The system was administered by the Bureau of War Risk Insurance, formed in September, 1914, which after the war became the U. §. Veterans’ Bureau, the channel through which pensions and insurance are now paid. In 1922 the insurance in force amounted to $3,500,000,000 and embraced 600,000 ex-service men. See Prnstons and REHABILITATION OF DisABLED SOLDIERS AND SAILORS.