Disabled Veterans Life Insurance Enhancement Act of 2005 - Amends Federal provisions concerning service-disabled veterans' life insurance to make the amount of such insurance $50,000, or such lesser amount evenly divisible by $10,000.
States that the premium rates for such insurance for months beginning: (1) 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 two and one-fourth percent per year; and (2) on or after the date of enactment of this Act shall be based upon such Table 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.
Includes still-born children within dependent coverage under the Servicemembers Group Life Insurance program.
Introduced in House
Introduced in House
Sponsor introductory remarks on measure. (CR E1150)
Referred to the House Committee on Veterans' Affairs.
Referred to the Subcommittee on Economic Opportunity.
Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Subcommittee on Economic Opportunity Discharged.
Llama 3.2 · runs locally in your browser
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line