Title 38 — Veterans' BenefitsRelease 119-73not60
§1903 Amount of Insurance
Title 38 › Part II— GENERAL BENEFITS › Chapter 19— INSURANCE › Subchapter I— NATIONAL SERVICE LIFE INSURANCE › § 1903
Summary
Insurance is sold in $500 increments and must be $1,000–$10,000 per person. No one may have more than $10,000 in National Service Life and U.S. Government life insurance, except paid‑up insurance bought under section 1907.
Full Legal Text
Title 38, §1903
Veterans' Benefits — Source: USLM XML via OLRC
Insurance shall be issued in any multiple of $500 and the amount of insurance with respect to any one person shall be not less than $1,000 or more than $10,000. No person may carry a combined amount of National Service Life Insurance and United States Government life insurance in excess of $10,000 at any one time. The limitations of this section shall not apply to the additional paid up insurance the purchase of which is authorized under section 1907 of this title.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Prior Provisions
Prior section 1903 was renumbered section 3903 of this title. Another prior section 1903, Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1216, related to limitation on amounts paid by United States, prior to the general revision of chapter 39 of this title by Pub. L. 91–666. See section 3902 of this title.
Amendments
1991—Pub. L. 102–83 renumbered section 703 of this title as this section and substituted “1907” for “707”. 1971—Pub. L. 92–188 made section limitations inapplicable to the additional paid up insurance purchase of which is authorized under section 707 of this title.
Statutory Notes and Related Subsidiaries
Effective Date
of 1971 AmendmentAmendment by Pub. L. 92–188 effective on date established by Administrator but in no event later than first day of first calendar month beginning more than six calendar months after Dec. 15, 1971, see section 4 of Pub. L. 92–188, set out as a note under section 1907 of this title.
Reference
Citations & Metadata
Citation
38 U.S.C. § 1903
Title 38 — Veterans' Benefits
Last Updated
Apr 5, 2026
Release point: 119-73not60