Word: waiver
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Dates: during 1919-1919
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...administration are paid by the Government and are not charged against the insurance, thereby granting the insured a net rate. The rates are based upon the American Experience Table of Mortality with interest at 3 1-2 per cent, figured upon a monthly basis. All policies contain a waiver of premium and total disability clause, making the proceeds payable at any time to the insured when he becomes totally and permanently disabled, regardless of his age, in monthly installments of $5.75 per $1,000 of insurance, covering the entire period of total disability for life of the insured. No policy...