To amend title 38, United States Code, to exclude the proceeds of life insurance from consideration as income for purposes of determining veterans' pension benefits, and for other purposes.

Excludes the lump-sum proceeds of any life insurance policy on a veteran from consideration as income for purposes of determining veterans' pensions.

Removes the requirement that application for a death pension must be made within 45 days from the date of a veteran's death (thereby making the effective date of its award the same as that for death compensation and dependency compensation (i.e., the first day of the month in which the death occurred)).

[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2163 Introduced in House (IH)]






108th CONGRESS
  1st Session
                                H. R. 2163

To amend title 38, United States Code, to exclude the proceeds of life 
  insurance from consideration as income for purposes of determining 
          veterans' pension benefits, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                              May 20, 2003

 Mr. Bradley of New Hampshire (for himself and Mr. Michaud) introduced 
 the following bill; which was referred to the Committee on Veterans' 
                                Affairs

_______________________________________________________________________

                                 A BILL


 
To amend title 38, United States Code, to exclude the proceeds of life 
  insurance from consideration as income for purposes of determining 
          veterans' pension benefits, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. EXCLUSION OF LIFE INSURANCE PROCEEDS FROM CONSIDERATION AS 
              INCOME FOR VETERANS' PENSION PURPOSES.

    Section 1503(a) of title 38, United States Code, is amended--
            (1) by striking ``and'' at the end of paragraph (9);
            (2) by striking the period at the end of the paragraph (10) 
        and inserting ``; and''; and
            (3) by adding at the end the following new paragraph:
            ``(11) lump-sum proceeds of any life insurance policy on a 
        veteran, for purposes of pension under subchapter III of this 
        chapter.''.

SEC. 2. EFFECTIVE DATE OF DEATH PENSION.

     Section 5110(d) of title 38, United States Code, is amended--
            (1) by striking ``(1)'';
            (2) by striking ``death compensation or dependency and 
        indemnity compensation'' and inserting ``death compensation, 
        dependency and indemnity compensation, or death pension''; and
            (3) by striking paragraph (2).
                                 <all>