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Review of Servicemembers' and Veterans' Life Insurance: Higher Benefits

This new act mandates regular reviews of maximum life insurance coverage for servicemembers and veterans. The goal is to adjust benefit amounts for inflation, potentially leading to higher payouts for families in the future. These changes aim to ensure that insurance benefits better reflect current living costs.
Key points
Every five years, starting in 2026, the Department of Veterans Affairs will review the maximum life insurance coverage for servicemembers and veterans.
The insurance amount will be compared to $500,000, adjusted by the average Consumer Price Index increase over the preceding five years.
The aim is to ensure that insurance benefits keep pace with the cost of living, potentially providing greater financial support to families in the event of the insured's death.
article Official text account_balance Process page
Introduced
Citizen Poll
No votes cast
Additional Information
Print number: 119_S_385
Sponsor: Sen. Cornyn, John [R-TX]
Process start date: 2025-02-04
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Fairness for Servicemembers and their Families Act of 2025

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_S_385.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2025-02-04.

What are the main provisions?

Key points include:

  • Every five years, starting in 2026, the Department of Veterans Affairs will review the maximum life insurance coverage for servicemembers and veterans.
  • The insurance amount will be compared to $500,000, adjusted by the average Consumer Price Index increase over the preceding five years.
  • The aim is to ensure that insurance benefits keep pace with the cost of living, potentially providing greater financial support to families in the event of the insured's death.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Cornyn, John [R-TX].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

CATEGORIES

Benefits