Both the House and Senate passed measures permanently increasing to $400,000 the maximum life insurance coverage available to service members and veterans. The action replaces the temporary increase passed earlier this year that was set to expire Sept. 30. The new maximum is retroactive to Sept. 1, 2005.
House, Senate Unveil Competing Proposals for 2026 Budget
July 11, 2025
Lawmakers from the House and Senate laid out competing versions of the annual defense policy bill on July 11, with vastly different potential outcomes for some of the Air Force’s most embattled programs.