
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 38USC1950]

 
                      TITLE 38--VETERANS' BENEFITS
 
                        PART II--GENERAL BENEFITS
 
                          CHAPTER 19--INSURANCE
 
         SUBCHAPTER II--UNITED STATES GOVERNMENT LIFE INSURANCE
 
Sec. 1950. Payment to estates

    If no beneficiary of insurance is designated by the insured, either 
while alive or by last will, or if the designated beneficiary does not 
survive the insured, then there shall be paid to the estate of the 
insured the present value of the remaining unpaid monthly installments. 
If the designated beneficiary survives the insured and dies before 
receiving all of the installments of insurance payable and applicable, 
then there shall be paid to the estate of such beneficiary the present 
value of the remaining unpaid monthly installments. No payments shall be 
made to any estate which under the laws of the residence of the insured 
or the beneficiary, as the case may be, would escheat, but same shall 
escheat to the United States and be credited to the United States 
Government Life Insurance Fund.

(Pub. L. 85-857, Sept. 2, 1958, 72 Stat. 1160, Sec. 750; Pub. L. 99-576, 
title VII, Sec. 701(31), Oct. 28, 1986, 100 Stat. 3293; renumbered 
Sec. 1950, Pub. L. 102-83, Sec. 5(a), Aug. 6, 1991, 105 Stat. 406.)


                               Amendments

    1991--Pub. L. 102-83 renumbered section 750 of this title as this 
section.
    1986--Pub. L. 99-576 substituted ``while alive or by last will'' for 
``in his lifetime or by his last will and testament''.
