This bill makes sure that life insurance coverage for military members and veterans keeps up with the cost of living. Right now, the military offers group life insurance programs for active servicemembers and veterans, but the maximum amount of coverage available hasn't automatically adjusted to account for inflation. This bill requires the Department of Veterans Affairs to check every five years whether the coverage limits are still adequate by looking at how much prices have gone up for everyday items like food, housing, and gas. If inflation has been significant, the VA would then recommend updating the coverage amounts so that servicemembers and their families aren't left with insurance that's worth less in real dollars than it was years ago. Essentially, this is about making sure that as the cost of living increases, the life insurance protection available to our military personnel and veterans increases along with it, so their families remain properly protected.

Fairness for Servicemembers and their Families Act of 2025

Cornyn, John

Fairness for Servicemembers and their Families Act of 2025This bill requires the Department of Veterans Affairs (VA) to periodically review and report on the maximum coverage available under the&nbsp;Servicemembers' Group Life Insurance and Veterans' Group Life Insurance programs. Specifically, the VA must review such coverage amount every five years, taking into account the average percentage by which the Consumer Price Index for All Urban Consumers (CPI-U) increased in the five fiscal years preceding the review.