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FOXX ACTS TO INCREASE INSURANCE COVERAGE FOR VETERANS
Washington, DC,
September 28, 2005
United States Rep. Virginia Foxx (N.C.-5) voted today to increase permanently the maximum coverage for Servicemembers’ Group Life Insurance (SGLI) and Veterans’ Group Life Insurance (VGLI) to $400,000. With Rep. Foxx’s support, the measure p
FOR IMMEDIATE RELEASE United States Rep. Virginia Foxx (N.C.-5) voted today to increase permanently the maximum coverage for Servicemembers’ Group Life Insurance (SGLI) and Veterans’ Group Life Insurance (VGLI) to $400,000. With Rep. Foxx’s support, the measure passed the House this afternoon. “Our military men and women risk their lives to protect the freedoms we all cherish. Thus, I am absolutely committed to ensuring they receive the benefits they deserve,” said Rep. Foxx. “With this increased insurance coverage, we help ensure that our armed service personnel and veterans can provide for their families.” H.R. 3200, the Servicemembers’ Group Life Insurance Enhancement Act of 2005, increases the maximum coverage available to servicemembers and veterans by $150,000. This increase, enacted earlier this year, was set to expire on September 30, 2005. H.R. 3200 will make the increases permanent. “One of our greatest duties as a nation is to take care of those who have sacrificed to protect our freedom,” said Rep. Foxx. "I am glad to see that we are improving and increasing these important life insurance benefits. Our country is fortunate to have the best-trained and most dedicated soldiers and veterans in the world. They have certainly earned our full support." The bill also boosts the incremental increases in both of these life insurance programs from the current $10,000 to $50,000. ### |