On October 26, 2017, Representative Stevan Pearce (NM) introduced H.R. 4146, the Disabled Veterans Life Insurance Act of 2017, a bill that would improve Service Disabled Veterans Insurance (S-DVI).
Currently, premium rates for S-DVI are based on the Commissioners 1941 Standard Ordinary Table of Mortality. This legislation would no longer use mortality rates from 1941 but would be based on the current industry standards and reduce premium payments.
To apply for S-DVI today, the application must be received within two years from the last date a service-connected disability is granted. If enacted, this bill would change the period from two years to ten years. H.R. 4146 would also increase initial life insurance coverage from $10,000 to $95,000.
Currently, supplemental coverage is available for additional costs. If H.R. 4146 is passed, it will increase the amount of supplemental coverage from $30,000 to $115,000.
DAV supports this bill as it aligns with DAV Resolutions Nos. 218 and 220. Please use the prepared email or draft your own to urge your Representative to be a co-sponsor of H.R. 4146.
We appreciate your support for DAV and your grassroots efforts in the DAV Commander’s Action Network. Your advocacy makes DAV a highly influential and effective organization in Washington, DC. Your voice makes a difference and we would not be as effective without you.
Thank you for all you do for America’s veterans and their families.
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