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HR 970 · 119th CongressEnacted

Automatic life insurance review for service members

Sponsored by Marilyn Strickland

The vote
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Worked the bill
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In the distance
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Summary

What the bill does

This law requires the Secretary of Veterans Affairs to review every five years the maximum automatic coverage amounts for Servicemembers' Group Life Insurance and Veterans' Group Life Insurance. The review will compare the current coverage to $500,000 adjusted for inflation, and the results will be sent to Congress as a guide for possible increases.

Why it matters

The stakes

This affects active-duty service members, veterans, and their families who rely on these life insurance programs. Without regular reviews, coverage amounts could lose value over time due to inflation, leaving families with less financial protection.

The debate

What each side says

Supporters
  • The bill ensures that life insurance coverage keeps pace with inflation, so families are not left with less protection over time.bill
  • It creates a regular, automatic review process so that coverage amounts are updated without needing a new law each time.bill
Critics
  • No recorded objections.

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