PAYMENT OF SERVICE DISABLED VETERANS’ INSURANCE IN LUMP SUM.

SEC. 202. PAYMENT OF SERVICE DISABLED VETERANS’ INSURANCE IN LUMP SUM. (a) Payment in Lump Sum.— Section 722(b) is amended— (1) by striking out paragraph (4) and inserting in lieu thereof the following: “(4) Notwithstanding the provisions of section 717 of this title, insurance under this subsection shall be payable to the beneficiary determined under paragraph (2) of this subsection in a lump sum.’; and (2) by striking out paragraph (5). 105 STAT. 416 (b) Effective Date.— The amendments made by subsection (a) shall apply with respect to deaths occurring before, on, or after the date of the enactment of this Act. In the case of insurance under section 722(b) of title 38, United States Code, payable by reason of a death before the date of the enactment of this Act, the Secretary shall pay the remaining balance of such insurance in a lump sum as soon as practicable after the date of the enactment of this Act.