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Navajo Times
Window Rock, Apache County, Arizona
What is this article about?
New Mexico's 23,000 veterans holding National Service and U.S. Government Life Insurance policies will receive $1,064,000 in special dividends starting in July, part of a $230 million national distribution to WWI and WWII policyholders, announced by VA regional manager Donald E. Crow. Payments average $6.90 per $1,000 of insurance and will be completed by September 4, aiding the state's economy beyond recent $1,200,000 regular dividends.
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To N.M. Vets
New Mexico veterans numbering around 23,000, holders of National Service and U.S. Government Life Insurance policies, will receive $1,064,000 in special dividends starting in July, Donald E. Crow, Veterans Administration regional manager, said.
These dividends due to be paid in New Mexico are part of the $230 million in special dividends slated to be distributed to veterans of World War I and II who hold policies.
Crow said payment of the dividends, which will average about $6.90 a $1000 in insurance held by the veteran, will be completed by Labor Day--September 4.
The special dividend is in addition to the $1,200,000 in regular dividends paid out recently to policy holders.
These special dividend payments will help the state's sagging economic picture.
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Where did it happen?
Domestic News Details
Primary Location
New Mexico
Event Date
Starting In July, Completed By Labor Day September 4
Key Persons
Outcome
$1,064,000 in special dividends to around 23,000 veterans, averaging $6.90 per $1000 of insurance, part of $230 million national distribution, in addition to $1,200,000 recent regular dividends; helps state's sagging economic picture
Event Details
New Mexico veterans holding National Service and U.S. Government Life Insurance policies will receive special dividends starting in July, as announced by Veterans Administration regional manager Donald E. Crow; payments part of national distribution to World War I and II policyholders, to be completed by September 4