08/23/1944
https://www.presidency.ucsb.edu...
"By virtue of and pursuant to the authority vested in me by section 24 of the act of March 3, 1891."
"The War Risk Insurance Act ... manifesting the intent that term insurance was to be temporary in character and of limited duration."
"Furthermore, enactment of this proposed legislation would constitute a breach of faith on the part of the Federal Government toward the large body of converted policy holders."
"It is not believed that any further delay in the adoption of an insurance program is warranted."