Veterans Insurance Programs: Hearing Before the Subcommittee on Compensation, Pension, and Insurance of the Committee on Veteran's Affairs, House of Representatives, Ninety-fifth Congress, Second Session, June 14, 1978 |
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5-year term active duty additional amend American Legion amount apply benefits bill Chairman CLIFFORD ALLEN commercial insurance commercial life insurance Committee contract convert cost of term disabled veterans dividends DOUG BARNARD DOUGLAS APPLEGATE EDGAR eligible enactment face value Government Life Insurance Group Life Insurance GUYER incompetent veterans inflation Insurance policies Insurance Program JAMES ABDNOR JOHN PAUL HAMMERSCHMIDT legislation level premium term loan MELIDOSIAN million modified life age MONTGOMERY Mortgage Life Insurance Mortgage Protection National Service NSLI program Ohio older paid payments percent permanently and totally plan of insurance premium rates problem protection life insurance Public Law purchase reservists SCHULZE SCHWAB Service Life Insurance service-connected disabilities SGLI Specially Adapted Housing subcommittee term insurance term plan term policies term policyholders testimony Thank title 38 U.S. Government United States Code USGLI Veterans Administration Veterans Group Veterans Insurance Veterans Mortgage VGLI waiver of premiums Whereas World War II
Popular passages
Page 30 - Without prejudice to any other cause of disability, the permanent loss of the use of both feet, of both hands, or of both eyes, or of one foot and one hand, or of one foot and one eye, or of one hand and one eye, or the loss of hearing of both ears, or the organic loss of speech, shall be deemed total permanent disability for insurance purposes.
Page 5 - uniformed services" means the Army, Navy, Air Force, Marine Corps, Coast Guard, the commissioned corps of the Public Health Service, and the commissioned corps of the National Oceanic and Atmospheric Administration. (7) The terms "widow...
Page 37 - Title 38, US •Code, and Whereas, service-connected veterans rated as permanently and totally disabled cannot obtain Mortgage Protection Life Insurance through commercial insurance companies, and Whereas, their widows and dependents must bear an undue hardship upon the death of such veterans; Now, therefore be it.
Page 30 - The loss or loss of use of one lower extremity together with residuals of organic disease or Injury which so affect the functions of balance or propulsion as to preclude locomotion without resort to a wheelchair. (c) Duplication of benefits. The assistance referred to in this section will not be available to any veteran more than once. (d) "Preclude locomotion.
Page 30 - Eligible insurance companies (a) The Administrator is authorized, without regard to section 3709 of the Revised Statutes, as amended (41 USC 5), to purchase from one or more life insurance companies a policy or policies of group life insurance to provide the benefits specified in this subchapter.
Page 33 - ... disabilities for insurance purposes. C. SELECTION OF OPTIONAL SETTLEMENTS BY CERTAIN BENEFICIARIES 1977 Convention Resolution No. 350 (VA) seeks legislation to provide that beneficiaries of United States Government Life insurance and National Service Life Insurance policies, who are 65 years of age or older, shall have the right to select options 1 (lump sum) or 2 (maximum of 36 installments). ARMED FORCES REVIEW BOARDS A.
Page 33 - ... their dependents. SEC. 8. That a new section be added to title III, World War Veterans' Act, 1924, as amended (USC, title 38), to be known as section 312 and to read as follows: "SEC. 312. Without prejudice to any other cause of disability, the permanent loss of the use of both feet, or both hands, or both eyes, or of one foot and one hand, or one foot and one eye, or one hand and one eye, or the loss of hearing in both ears, or the organic loss of speech, or becoming permanently helpless or...
Page 33 - ... inclusive dates of December 7, 1941 and September 2, 1945, and of June 27, 1950 and July 27, 1953 under policies providing for a premium charge which will include administrative costs. E. MORTGAGE LIFE INSURANCE 1973 Convention Resolution No. 192 (Colo.) supports legislation to amend title 38, USC, to provide mortgage life insurance for those veterans unable to acquire commercial life insurance because of service-connected disabilities. GI LOAN PROGRAM A. OPPOSE TRANSFER OF GI LOAN PROGRAM TO...
Page 32 - Government Life Insurance, the trust funds established therefor, and the contracts issued thereunder, in accordance with sound insurance practices, and 2. If and when any changes are advocated, they shall be only such as will continue to insure to those veterans who reinstate or continue their insurance on either a term or converted basis, and to their beneficiaries, the full value of a life insurance contract based upon sound insurance practices, and 3.
Page 30 - Chapter 17 of title 38, United States Code, authorizes the Administrator of Veterans Affairs to provide necessary medical care for veterans with Veterans Administration determined service-connected disabilities.