Posted on Jun 10, 2021
This proposal would increase troops’ life insurance max to $500,000
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A bipartisan group of lawmakers has introduced a bill that would increase maximum life insurance coverage for veterans and service members to $500,000. They say the increase is needed to reflect inflation. Learn more about the bill in this article!
This proposal would increase troops’ life insurance max to $500,000
Posted from militarytimes.com
Insurance
Policy
Congress
Economics
Money
Posted 3 y ago
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Chris Meek Important to see price increase chart up to age 80+.
The VGLI premiums are based on age, and the cost increases every five years up to age 80. Effective April 1, the VGLI premiums were reduced by an average of 7 percent across all age groups.
The VGLI premiums are based on age, and the cost increases every five years up to age 80. Effective April 1, the VGLI premiums were reduced by an average of 7 percent across all age groups.
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