Indigo Franklin
@shallot_cayenne_pepper_beau_monde_seasoning83521
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Bill 119 HR 970, also known as the "Veterans' Insurance Reform Act," aims to make changes to the Servicemembers' Group Life Insurance (SGLI) program and the Veterans' Group Life Insurance (VGLI) program. The bill requires the...
Secretary of Veterans Affairs to regularly review the automatic maximum coverage provided under these insurance programs.
Currently, the SGLI and VGLI programs offer automatic maximum coverage amounts to eligible veterans and servicemembers. However, this bill seeks to ensure that these coverage amounts are periodically reviewed to ensure they are adequate and meet the needs of those insured.
In addition to requiring regular reviews of the maximum coverage amounts, the bill also includes provisions for other purposes related to the SGLI and VGLI programs. These provisions are aimed at improving the overall effectiveness and efficiency of these insurance programs for veterans and servicemembers. Overall, Bill 119 HR 970 is focused on ensuring that the SGLI and VGLI programs continue to provide valuable and sufficient coverage to those who have served in the military. The bill emphasizes the importance of regularly reviewing and updating the maximum coverage amounts to meet the evolving needs of veterans and servicemembers.
Currently, the SGLI and VGLI programs offer automatic maximum coverage amounts to eligible veterans and servicemembers. However, this bill seeks to ensure that these coverage amounts are periodically reviewed to ensure they are adequate and meet the needs of those insured.
In addition to requiring regular reviews of the maximum coverage amounts, the bill also includes provisions for other purposes related to the SGLI and VGLI programs. These provisions are aimed at improving the overall effectiveness and efficiency of these insurance programs for veterans and servicemembers. Overall, Bill 119 HR 970 is focused on ensuring that the SGLI and VGLI programs continue to provide valuable and sufficient coverage to those who have served in the military. The bill emphasizes the importance of regularly reviewing and updating the maximum coverage amounts to meet the evolving needs of veterans and servicemembers.
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