INSURANCE: War Risk

Not until after the U.S. entered World War I did U.S. life insurance companies start writing uniform war-risk clauses into their policies. Last week one big company —Equitable Life Assurance Society—jumped the guns, announced its own defense program for World War II. In future policies issued to members of the armed forces and men of draft age (except those in Class III), the company will insert a provision for repayment of premiums only in event of death in war. Other life companies were expected to follow suit.

The possibility of casualties is not...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!