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VA Insurance Dividends Prompt Debate On Mortality Rates
Washington June 22 CAP W Joynes MacFarlan explains how the Veterans Administration can pay high dividends on participating life policies. Rep. Teague notes Congress cannot alter mortality tables. VA dividends total near 500 million for 1961 with 248.5 million already distributed to about 5 million veterans. NSLI and USGLI funds show substantial assets. policies largely held by World War I and II veterans. No new NSLI or USGLI policies. lapsed policies may be reinstated. The dividend mechanism stems from historic, high initial mortality rates and government overhead not charged to trust funds.
MENTIONED IN THIS ARTICLE
Washington
Veterans Administration
U. S
USGLI
National Service Life
NSLI
Itels
VA Insurance
Congress
Poissant
Nsli Trust Fund
Usgli Fund