Military Instructors Manual by Oliver Schoonmaker;James P. Cole
page 219 of 491 (44%)
page 219 of 491 (44%)
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attendance. In case of partial disability, compensation will be a
percentage of the amount paid in case of total disability. These annuities continue only during the life of the person for whom they are first paid. ADDITIONAL INSURANCE.--Uniform compensation for all ranks can go only to blood relations. In case of death or disability in line of duty, it is paid in monthly instalments for 20 years. Insurance is from $1,000 to $10,000 in multiples of $500. The rate is exceedingly low. Insurance must be applied for within 120 days after entering the service. Premiums are paid monthly, quarterly or yearly from the pay of the insured man. After the war this insurance must be converted within five years into a policy either of straight life insurance, 20-year payment or endowment, maturing at the age of 62. In case of death when there is no blood relationship, the reserve value, according to the American insurance mortality tables, is paid to the estate. None of these payments can be attached for debt, nor legal action started against them except in a United States Court. The maximum lawyer's fee in any such case is $500. 1361. DEPOSITS of not less than $5 may be made by an enlisted man (not retired) to any quartermaster. Deposit book, signed by quartermaster and company commander, given to man who makes the deposit. This book is not transferable. 1363. A LOST DEPOSIT BOOK is not replaced without an affidavit of the soldier, testifying that he has not sold nor assigned it. 1364. PAYMENT made only on final statement. The soldier should be informed of the importance of keeping the deposit book. |
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