INCREASE IN AUTOMATIC MAXIMUM COVERAGE UNDER SERVICE MEMBERS’ GROUP LIFE INSURANCE AND VETERANS’ GROUP LIFE INSURANCE.

SEC. 312. INCREASE IN AUTOMATIC MAXIMUM COVERAGE UNDER SERVICE MEMBERS’ GROUP LIFE INSURANCE AND VETERANS’ GROUP LIFE INSURANCE. (a) Maximum Under Servicemembers’ Group Life Insurance.—Section 1967 is amended in subsections (a), (c), and (d) by striking “$200,000” each place it appears and inserting “$250,000”. (b) Maximum Under Veterans’ Group Life Insurance.—Section 1977(a) is amended by striking “$200,000” each place it appears and inserting “$250,000”. (c) Effective Date.—The amendments made by this section shall take effect on the first day of the first month that begins more than 120 days after the date of the enactment of this Act.