For those of us who were in the construction business, we all know about 30/60/25 Insurance. It was created during World War II when the US government was looking for ways to provide relief to the people in the war effort. The insurance companies had their own special insurance policies and this one was made specifically to cover the war effort. We can all thank the American government for their assistance in the area of helping those who needed it most during the war.
There is no doubt that we have not forgotten the experience of being involved in World War II, nor how grateful we are to the US government for providing our families with the help that they needed. With that in mind, you might be wondering how the idea of a “30/60/25 Insurance Policy” came into place. The main purpose behind these types of policies is to cover those who were injured while on duty by providing medical coverage that would be paid for in full or partially depending on the type of injury sustained. As the insurance company, you are allowed to choose which part of the policy you want to carry. You could either carry the policy alone or you could take advantage of the many other types of insurance plans available. This is also one type of policy where you do not have to pay any of the premiums until you actually receive the benefit from the policy.