national service life insurance

Life insurance available to a person in active U.S. military service on or after October 8, 1940, and issuable at favorable rates.

• This insurance was established by the National Service Life Insurance Act of 1940, and is regulated by the Administrator of Veterans Affairs. 38 USCA §§ 1901–1929. [Cases: Armed Services 55. C.J.S. Armed Services § 192.]

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