§12530 Payment of Benefits

Summary

If a covered member serves more than 30 days, they must start getting their insurance payments each month no later than one month after the 30th day of service. The Secretary will set the rules for how payments are made and who can get them. A member can name someone in writing (for example, a spouse, parent, or another person with an insurable interest as the Secretary’s rules allow) to receive the payments. The member can also ask that payments be deposited to that person’s bank. If the member dies, any insurance for that period goes to the beneficiary the member named in writing. If no beneficiary was named, payment follows the law of the member’s state of residence.