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Mandatory Inflation Review of Servicemembers' and Veterans' Life Insurance Coverage.

This Act mandates that the Department of Veterans Affairs (VA) must periodically review the maximum coverage limits for Servicemembers' Group Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI). Starting in 2026, this review will occur every five years to ensure that the maximum benefit amount keeps pace with inflation, measured by the Consumer Price Index (CPI). This change helps protect the financial security of military families by preventing the real value of their life insurance benefits from eroding over time.
Key points
Requires mandatory, periodic (every five years, starting 2026) review of SGLI and VGLI maximum coverage amounts.
The review compares the current maximum coverage to a baseline of $500,000 adjusted for the average Consumer Price Index (CPI) change over the preceding five years.
The goal is to guide potential future increases in coverage limits to maintain the real value of benefits for military families.
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Additional Information
Fairness for Servicemembers and their Families Act of 2025
Print number: HR 970
Sponsor: Rep. Strickland, Marilyn [D-WA-10]
Process start date: 2025-02-04