Rep. Pearce Introduces Veterans’ Life Insurance Bill
Congressman
"Veterans injured in combat face many challenges as they return home and adjust back into civilian life. What makes it even more challenging for veterans and their families is having to accept an antiquated insurance system that does little to provide the quality care and services they deserve. For over 70 years, the S-DVI program has been basing their costs off the assumption that veterans only live to an average age of about 62 years old. The legislation I'm introducing will modernize this program to lower premium costs for veterans and provide increased funds to the families of deceased veterans.
Our nation's veterans sacrificed so much to defend our freedoms and liberties, and we must honor our commitments to them. This legislation reforms the S-DVI program to provide protection and certainty for service-disabled veterans and their families, breaking down the barriers that affects the livelihoods of veterans across the nation. It is beyond time to enhance the S-DVI program, and I will continue working with my colleagues and veterans in
H.R. 4146 amends Title 38 of the United States Code to adjust the S-DVI cap based on the 2017 inflation rate, increasing the current cap from
Current premium rates charged for S-DVI coverage are based on Annuity and Mortality Tables from 1941. Under this new legislation, S-DVI premium rates will be determined using current industry standard tables, and will be updated every 5 years after that.
The Disabled Veterans' Life Insurance Act of 2017 is supported by the
"DAV strongly supports
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H.R. 4146 is also supported by the
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