H.R. 2379

Veterans' Group Life Insurance Improvement Act of 2009

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I

111th CONGRESS

1st Session

H. R. 2379

IN THE HOUSE OF REPRESENTATIVES

May 13, 2009

Mr. Buyer introduced the following bill; which was referred to the Committee on Veterans’ Affairs

A BILL

To amend title 38, United States Code, to provide certain veterans an opportunity to increase the amount of Veterans’ Group Life Insurance.

1.

Short title

This Act may be cited as the Veterans’ Group Life Insurance Improvement Act of 2009.

2.

Increased amount of veterans’ group life insurance

Section 1977(a) of title 38, United States Code, is amended—

(1)

in paragraph (1), by inserting Except as provided in paragraph (3), before Veterans’ Group Life Insurance shall be; and

(2)

by adding after paragraph (2) the following new paragraph:

(3)

Not more than once in each five-year period beginning on the date a person becomes insured under Veterans’ Group Life Insurance, such person may elect in writing to increase the amount for which the person is insured if—

(A)

the person is under the age of 60;

(B)

the increased amount is not more than $25,000; and

(C)

the amount for which the person is insured does not exceed the amount provided for under section 1967(a)(3)(A)(i) of this title.

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