Pub. L. 85-857, tit. 38, pt. II, ch. 19, subch. I, sec. 703
Amount of insurance
§ 703. Amount of insuranceInsurance shall be issued in any multiple of $500 and the amount of insurance with respect to any one person shall be not less than $1,000 or more than $10,000. No person may carry a combined amount of National Service Life Insurance and United States Government life insurance in excess of $10,000 at any one time.