Fair Insurance Premiums for Disabled Veterans Act - Amends Federal provisions concerning service-disabled veterans' life insurance to state that the premium rates for such insurance: (1) for months beginning before the date of enactment of this Act shall be based upon the Commissioners 1941 Standard Ordinary Table of Mortality and interest at the rate of 2 and one-fourth percent per year; and (2) for months beginning on or after the date of enactment of this Act shall be based upon the 2001 Commissioners Standard Ordinary Table of Mortality at a four and one-half percent interest rate. Makes the same changes with respect to all policy cash, loan, paid-up, and extended values.
Increases from $90,000 to $200,000 the maximum amount of veterans' mortgage life insurance coverage.
Introduced in House
Introduced in House
Referred to the House Committee on Veterans' Affairs.
Sponsor introductory remarks on measure. (CR E739)
Referred to the Subcommittee on Benefits.
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