OPPORTUNITY TO INCREASE AMOUNT OF VETERANS’ GROUP LIFE INSURANCE.

SEC. 404. OPPORTUNITY TO INCREASE AMOUNT OF VETERANS’ GROUP LIFE INSURANCE.(a) Opportunity to Increase Amount.—Section 1977(a) is amended—(1) in paragraph (1), by inserting “Except as provided in paragraph (3),” before “Veterans’ Group Life Insurance shall be”; and(2) by adding after paragraph (2) the following new paragraph:“(3) Not more than once in each five-year period beginning on the one-year anniversary of the date a person becomes insured under Veterans’ Group Life Insurance, such person may elect in writing to increase by $25,000 the amount for which the person is insured if—“(A) the person is under the age of 60; and“(B) the total amount for which the person is insured does not exceed the amount provided for under section 1967(a)(3)(A)(i) of this title.”.124 STAT. 2880(b) Effective Date.—Paragraph (3) of section 1977(a) of title 38, United States Code, as added by subsection (a), shall take effect on the date that is 180 days after the date of the enactment of this Act.