H.R.2747 - Disabled Veterans Life Insurance Enhancement Act of 2005109th Congress (2005-2006)
|Sponsor:||Rep. Filner, Bob [D-CA-51] (Introduced 06/07/2005)|
|Committees:||House - Veterans' Affairs|
|Latest Action:||House - 07/20/2005 Subcommittee on Economic Opportunity Discharged. (All Actions)|
This bill has the status Introduced
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Summary: H.R.2747 — 109th Congress (2005-2006)All Information (Except Text)
Introduced in House (06/07/2005)
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.