A bill to amend title 38 of the United States Code to provide certain National Service Life Insurance policyholders an opportunity to double their National Service Life Insurance coverage.

Allows any person holding a National Service Life Insurance policy, except a service disabled veteran's policy, to double his National Service Life Insurance Coverage, at premium rates which fully cover the Government's cost in providing such additional insurance. Stipulates that five-year term plans must be converted to permanent plans in order to qualify for such additional coverage.