The Key West Citizen Newspaper, April 19, 1952, Page 7

. “ AND WHERES Lo Gaon tana ag Bar GiRnL? ie Ate ante fly ee Veterans Administration today announced it-will discontinue send- ing receipts for insurance premi- ums becoming due on and after : August 1, 1952. By Paul Robinson , .V-A said this is an economy measure that will not affect service to policyholders. Notices . concerning the discon- tinuance will be mailed to all poli- cyholders of U. S. Government Life | Insurance and of National Service Life Insurance - the two groups affected. V-A said a preliminary estimate of the savings likely to accrue to the Government as a whole from this order is approximately $1,000,- 000 annually. Many private insurance compa-.| nies already have discontinued the sending of receipts, V-A said. The | V-A action follows this trend, Policyholders who wish to main- tain a record of their premium pay- ments are advised by V-A to make payments by check or postal mon- ey order stubs as evidence of such payments. V-A said it will continue to main- | | tain the official record of premi-| jum payments for the protection of policyholders. On two types of faulty premium payments, V-A also will continue to provide a special service, These types of faulty premium payments | ~ i Hl i § ae are (1) any payment received in an amount insufficient to pay the pre- mium due, and (2) any payments | submitted after expiration of the | 3i-day grace period following the | due date of the premium. | | In both of these cases, V-A said it will acknowledge the payments | and supply the policyholders with | | fuli information regarding the ac-/ }tion they may take either to keep | their policies in force or to rein- | | state them. | } Most policyholders now pay pre- |miums monthly. V-A said they | | would enjoy some saving by pay-| jing their advance every three | months, or every six months, or | | every 12 months. | ‘The cost of administering the two large Government life insurance programs under VA is torne by ail By Roy Gotto taxpayers, including policyholders. VA said it is constantly striving to reduce this expense and, at the same time, comply with all laws | and give adequate service. In the last year alone, V-A has rduced the number of employee in its insurance program by appro- | ximately 4,000, or from 15,055 on March 1, 1951, to 16,823 on Jan- wary 31, 1952. But the reduction | from its peak employment of 20,-/ 952 workers in October 1946 is more | than 10.000 empidyees, or @ cut of nearly 5 Opercent V-A has issued spproximately 22,000,000 NWLI policies value at $173 billion. Of this volume, ap proximately 7,000,000 policies val wed at nearly $49 billion, stil are im force. About 2.000.080 of the in- iferce policies are permanent plans ef msurance, such as ordinary Ife, rte aq 4 E é be 4 fies ij Up, Sel arm. She fung against arm just as the gun eRe a te if rf ; : iF oF, 2 i ie f il Ak Hs aEe : : Hd 3238 ini rir of i i Fi vi s F 5 3 5 5 3 i ie ze 7 i 5 i : 3 a d iF i f ie [ F 3 3 Fe F A 2 & z Rey g : A Z tae i a3 3 Es | if El { U A] iH B. 2 is i A Do You Want Your Building WATER PROOFED? The Proven Re-Surfacer For Damp And Cracked Exterior Walls, No Sandblasting Necessary. Formulated In Florida, Manufactured In Florida For Pioride Climate. Step Your Painting Worries. RE-SURFACES WATERPROOFS BEAUTIFIES INSULATES A RE-SURFACER IN ANY COLOR, NOT A PAINT. LOCK-SBAL THE MASTIC RE-SURFACER IS APPLIED UNDER HIGH PRESSURE ON STUCCO, WOOD AND BLOCK WALLS, * Homes, Hotels, Motels & Warehouses @ FHA Financed @ Free Estimates @ 10% Down 36 Mo. To Pay @ 10 Year Warranty Inspect the completed work at the beautiiul homes of Mr. and Mrs. Ralph Faraldo, 1401-3 Fourth St. WORK NOW IN PROCESS AT The Suddeth Moving and Storage Co. Bidg. Second St. and Staples Ave. OWNER AND APPLICATOR T. N. CURINGTON OFFICE: Second & Staples Phone 438