WASHINGTON (CN) - The Department of Veterans Affairs plans to exclude intentional killers of life insurance policy holders from receiving the policies' proceeds, according to a proposed rule.
Under the new rule, Servicemembers' Group Life Insurance and Veterans' Group Life Insurance would prohibit these payments. Also, SGLI Traumatic Injury Protection benefits would not go to a person who is convicted of intentionally killing the decedent or determined in a civil proceeding to have intentionally killed the decedent (slayer); a member of the slayer's family who is not related to the decedent by blood, legal adoption, or marriage; and a member of the slayer's family who is related to the decedent by blood, legal adoption, or marriage and who is found to have been involved in the intentional killing of the decedent in a criminal or civil proceeding.
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