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Increased Life Insurance for Military and Veteran Families

This act raises the maximum life insurance coverage for service members and veterans from $400,000 to $500,000. This aims to provide greater financial support to families in the event of the insured's death. The changes will take effect once conditions regarding the insurance program's stability are met.
Key points
Maximum life insurance coverage for service members and veterans increased by $100,000.
Greater financial support for families of those who served in the military in case of their death.
Changes will take effect once the insurance program is financially stable.
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Additional Information
Print number: 117_HR_3793
Sponsor: Rep. Roy, Chip [R-TX-21]
Process start date: 2021-06-08