H.R. 3200, THE SERVICEMEMBERS GROUP LIFE INSURANCE ENHANCEMENT ACT

Washington, Jul 26, 2005 - "I am pleased to honor our veterans and active servicemembers by permanently increasing the maximum insurance coverage from $250,000 to $400,000," said Rep. Cliff Stearns (R-Ocala). "This will help veterans and military personnel provide for their families, increasing the piece of mind for all involved. Without making this increase permanent, it would expire on September 30, 2005."

The House today approved H.R. 3200, the Servicemembers Group Life Insurance Enhancement Act. The measure increases the maximum coverage for Servicemembers' Group Life Insurance (SGLI) and Veterans' Group Life Insurance (VGLI) permanently to $400,000. The bill also boosts the incremental increases in both of these life insurance programs from the current $10,000 to $50,000. These increases were enacted earlier this year in the war supplemental appropriations act and expire on September 30, 2005. H.R. 3200 makes them permanent.