MONTGOMERY, Ala. (WAFF) – On Monday President Joe Biden signed the Supporting Households of the Fallen Act into regulation, which Senator Tommy Tuberville sponsored.
The invoice is to extend the U.S. Division of Veterans’ Affairs Servicemembers’ Group Life Insurance coverage and Veterans’ Group Life Insurance coverage profit protection. The protection quantity will go from $400,000 to $500,000, SGLI and VGLI protection quantities haven’t been up to date in 17 years.
“The Supporting Households of the Fallen Act is lengthy overdue and can authorize the Servicemebers’ Group Life Insurance coverage and Veterans’ Group Life Insurance coverage to meet up with inflation. This laws is finally about supporting the households of service members and MOAA seems ahead to rising bi-partisan assist for this necessary modernization of life insurance coverage,” President and CEO of Army Officers Affiliation of America Dana Atkins mentioned.
Sen. Tuberville launched the invoice in Sept. 2021, the Senate Veterans’ Affairs Committee handed the invoice in December 2021 and was authorised by the total senate in March. It was handed by the Home of Representatives final month.
“The households of America’s heroes deserve our unwavering assist and appreciation,” Sen. Tuberville mentioned. “Growing the life insurance coverage profit supplied to households of those that pay the last word sacrifice was lengthy overdue, and I’m proud to see this necessary laws signed into regulation. We will by no means totally repay our service members and army households for his or her sacrifice, however I’m dedicated to discovering methods to indicate our appreciation by doing every thing I can to assist our troops and their family members.”
U.S. senators Kevin Cramer (R-ND), Rick Scott (R-FL), Mike Braun (R-IN), John Barrasso (R-WY), Cynthia Lummis (R-WY), John Cornyn (R-TX), Mike Rounds (R-SD) and Roger Wicker (R-MS) cosponsored the laws.
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