Veterans Insurance Improvement Bill
Official: VA Insurance Improvement Act
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.
1. This bill expands life insurance options for veterans up to age 81. 2. It removes the requirement for veterans to have a service-connected disability to apply for insurance. 3. The bill allows the Department of Veterans Affairs to reimburse itself for administrative costs related to mortgage life insurance. 4. It includes members of the Space Force in the eligibility for certain insurance benefits.
Veterans, including those from the Space Force, and their families.