Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Armed Forces and National Security
Why This Matters
The Veterans Insurance Improvement Act makes it easier for veterans to access life insurance and includes new provisions for reimbursement of administrative costs. This helps ensure more veterans can secure financial protection as they age.
If you are a veteran under 81, you can now apply for life insurance without needing a disability rating.
Who this affects
Veterans · Space Force members · Families
What changes is this bill making?
1This bill expands life insurance options for veterans up to age 81.
2It removes the requirement for veterans to have a service-connected disability to apply for insurance.
3The bill allows the Department of Veterans Affairs to reimburse itself for administrative costs related to mortgage life insurance.
4It includes members of the Space Force in the eligibility for certain insurance benefits.
