Service members and veterans would be able to boost their life insurance coverage by $100,000 under a bill passed by the Senate on Wednesday night.
The bill, dubbed the Supporting Families of the Fallen Act, would increase maximum coverage from $400,000 to $500,000 for both the Servicemembers’ Group Life Insurance plan and the Veterans’ Group Life Insurance plan. Neither plan has had an increase in the cap on coverage offered since 2005.
Notice: The link provided above connects readers to the full content of the posted document. The URL (internet address) for this link is valid on the posted date; AmacFoundation.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc. or the AMAC Foundation, Inc. Providing linkage to external websites does not constitute endorsement of products or services advertised thereon.