Increases Life Insurance for Veterans

Official: Fairness for Servicemembers and their Families Act of 2025

IntroducedFebruary 4, 2025

Armed Forces and National SecurityGovernment studies and investigationsVeterans' pensions and compensationLife, casualty, property insurance

Why This Matters

This bill requires the Secretary of Veterans Affairs to review and potentially increase life insurance coverage for servicemembers every five years.

If you are a servicemember or veteran, this bill ensures your life insurance coverage is reviewed and may increase every five years starting in 2026.

Affects: This bill affects active-duty servicemembers, veterans, and their families who rely on life insurance benefits.

Summary

Fairness for Servicemembers and their Families Act of 2025This act requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every five years, taking into account the average percentage by which the Consumer Price Index for All Urban Consumers (CPI-U) increased in the five fiscal years preceding the review.

What changes is this bill making?

1. The bill requires a review of life insurance coverage for servicemembers every five years. 2. It sets the maximum coverage amount at $500,000 adjusted for inflation based on the Consumer Price Index. 3. The Secretary of Veterans Affairs must report the review results to Congress. 4. This review process aims to ensure that life insurance keeps pace with the cost of living.

Who is affected?

This bill affects active-duty servicemembers, veterans, and their families who rely on life insurance benefits.