To amend title 10, United States Code, to allow a participant in the military Survivor Benefit Plan who has designated an insurable interest beneficiary under that plan to designate a new beneficiary upon the death of the previously designated beneficiary.
Survivor Benefit Plan Insurable Interest Fairness Act - Amends Federal provisions concerning the Survivor Benefit Plan for military personnel and their dependents to provide that, if the reason for discontinuance in the Plan is the death of the beneficiary, the Plan participant may designate a new beneficiary, who must be a natural person with an insurable interest in the participant. Requires such designation within 180 days after the death of the previous beneficiary.
Introduced in House
Introduced in House
Referred to the House Committee on Armed Services.
Executive Comment Requested from DOD.
Referred to the Subcommittee on Total Force.
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