Today, some 87 years later, maximum coverage under the base SDVI policy is still $10,000.
Will your administration propose or support legislation to authorize VA to revise its premium schedule for SDVI to reflect current mortality tables?
When introduced in 1951, and using mortality rates for 1940, SDVI was intended to provide insurance at competitive rates.
To have the same purchasing power today as when this program was first introduced in 1917, the face value of the basic SDVI policy would be more than 5100,000.
The law also increases to two years the period during which a veteran who has been declared mentally incompetent from a service-connected disability will be deemed to have applied for and been granted entitlement to SDVI.
Under another provision of the new law, all awards for SDVI will be paid in a lump sum.