Pub. L. 85-857, tit. 38, pt. II, ch. 19, subch. II, sec. 751
Payment of insurance
§ 751. Payment of insuranceUnited States Government life insurance, except as provided in this subchapter, shall be payable in two hundred and forty equal monthly installments. When the amount of an individual monthly payment is less than $5, such amount may in the discretion of the Administrator be allowed to accumulate without interest and be disbursed annually.