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The Daily Alaska Empire
Juneau, Juneau County, Alaska
What is this article about?
On August 29, Washington announces dividend application day for 16 million WWII veterans. Post offices distribute forms for sharing in $2.8 billion dividends on National Service Life Insurance policies from 1940-1948. Payments start January next year; deceased veterans' beneficiaries handled separately.
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VETS' INSURANCE
DIVIDEND IS EASY
WASHINGTON, Aug. 29.-(P)
This is dividend application day for 16,000,000 veterans of World War II.
Postoffices and veterans offices throughout the nation-and U. S. Foreign Service offices throughout the world-start handing out dividend application forms to the ex-GI's today.
Actual dividend payments will not start until next January.
The forms will signify the veterans desire to share in the $2,800,000,000 dividend to be paid next year on about 20,000,000 National Service Life Insurance policies.
The policies are those taken out between Oct. 8, 1940 and Jan. 1, 1948, and which were effective for three months or longer.
Beneficiaries of veteran-policy-holders who have died also will receive dividend checks next year but they should not apply. Their payments are being handled under a different system.
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Story Details
Location
Washington, Nationwide Post Offices, U.S. Foreign Service Offices Worldwide
Event Date
Aug. 29
Story Details
Dividend application day begins for WWII veterans to apply for shares in $2.8 billion insurance dividends; forms distributed at post offices and veterans offices; payments in next January; applies to policies from Oct. 8, 1940 to Jan. 1, 1948; deceased beneficiaries handled separately.