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HR 1554 108th Congress House

Veterans Life Insurance Improvement Act of 2003

Official title: To amend title 38, United States Code, to make certain improvements to the National Service Life Insurance and United States Government Life Insurance programs, and for other purposes.

Introduced: April 3, 2003 See on congress.gov
Armed Forces and National Security AnnuitiesDisabledEconomics and Public FinanceFamilies
More subjectsShow fewer subjects
Federally-assisted loansFinance and Financial SectorGovernment life insuranceHousing and Community DevelopmentInsurance premiumsInterest ratesLabor and EmploymentLawMortgage guaranty insuranceMortgagesSurvivors' benefitsVeterans' benefitsVeterans' loansVeterans' pensions
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 24, 2003
Referred to the Subcommittee on Benefits.
Apr 2, 2003
Referred to the House Committee on Veterans' Affairs.
Apr 2, 2003
Introduced in House
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 Latest action April 24, 2003

Referred to the Subcommittee on Benefits.

 Plain-English summary Congressional Research Service
Veterans Life Insurance Improvement Act of 2003 - Amends Federal provisions concerning the National Service Life Insurance and United States Government Life Insurance programs to allow payment of their insurance proceeds to: (1) another beneficiary if the first designated beneficiary has not made a claim to such payment within two years after the death of the insured; and (2) a person designated by the Secretary of Veterans Affairs if no claim has been filed by any designated beneficiary within four years after the insured's death.

Requires service-disabled life insurance premium rates, as well as all policy cash, loan, paid-up, and extended values, for months beginning on or after the date of enactment of this Act to be based on the 1980 Commissioners Standard Ordinary Basic Table of Mortality, with five percent annual interest.

Increases from $90,000 to $200,000 the maximum amount of veterans' mortgage life insurance coverage.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Democratic 1
Faleomavaega, Eni
· May 1, 2003
RODRIGUEZ, CIRO
· Apr 10, 2003
 D
McGovern, James P.
Massachusetts · Apr 3, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1554: Veterans Life Insurance Improvement Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-1554/
MLA
"H.R. 1554: Veterans Life Insurance Improvement Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-1554/.
Bluebook (legal)
H.R. 1554, 108th Cong. (2026), https://openamerica.io/bill/108-HR-1554/.
Markdown link
[H.R. 1554: Veterans Life Insurance Improvement Act of 2003](https://openamerica.io/bill/108-HR-1554/)
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