Posts Tagged ‘life insurance’
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Life Insurance For Second World War Veterans
Soon after the end of hostilities in the First World War, there was a need to provide life insurance protection for returned soldiers, especially pensioners, who were unable to pass the medical examination required to obtain commercial life insurance. After first considering paying the extra premiums required by insurance companies to cover the estimated excess risks attributable to war disability, the government decided to provide insurance in limited amounts (up to $5,000) and at standard rates to contributing veterans of the war. Accordingly, Parliament enacted The Returned Soldiers Insurance Act which came into force on Sept. 1, 1920. The final [...]






