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.
The U.S. military conducted strikes on Iranian targets around the Strait of Hormuz on May 7, as the conflict with Iran flared up again—though officials say the ceasefire remains in effect.