Resource Type:

Veterans Legislation

Provided By:


State: Washington DC

Zip: 20420

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.

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