A bill to amend title 38, United States Code, to provide certain persons insured under Servicemen's Group Life Insurance (SGLI) with a choice of conversion to either an individual term or whole life insurance policy or Veterans' Group Life Insurance policy upon the expiration of their Servicemen's Group Life Insurance coverage.
Veterans' Insurance Amendments Act - Entitles a person insured under Servicemen's Group Life Insurance (SGLI), who is eligible for automatic conversion of SGLI to Veterans' Group Life Insurance (VGLI), and who elects not to be insured under VGLI, to convert, effective the day after the insured's SGLI insurance coverage ceases, the SGLI policy to an individual policy of life insurance. Provides that veterans converting VGLI policies to individual policies may purchase an individual term policy.
Extends, by one year from the effective date of this Act, the period during which veterans extended retroactive eligibility for VGLI may apply for VGLI policies.
Makes technical amendments to chapter 19, (Insurance) of title 38, Veterans' Benefits, of the United States Code.
Removes gender references in such chapter.
Introduced in Senate
Referred to Senate Committee on Veterans' Affairs.
Reported to Senate from the Committee on Veterans' Affairs with amendment, S. Rept. 94-689.
Reported to Senate from the Committee on Veterans' Affairs with amendment, S. Rept. 94-689.
Call of calendar in Senate.
Measure considered in Senate.
Passed/agreed to in Senate: Measure passed Senate, amended.
Measure passed Senate, amended.
Referred to House Committee on Veterans' Affairs.
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