September 1941

The Navy Mutual Aid Association

Volume 25, Issue 3

At a regular meeting held on June 13th, the Board of Directors of the Navy Mutual Aid Association approved several changes to its By-Laws which had received a majority vote of its membership.

Some of the proposed changes were for the purpose of clarification and rearrangement. Others are intended to extend the service of Navy Mutual Aid protection.

Members may now utilize their cash value as an income endowment in lieu of a death benefit.

Beneficiaries may have any part of the benefit retained by the Association for a limited period, at interest.

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