[Code of Federal Regulations]
[Title 38, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 38CFR6.17]

[Page 495]
 
            TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF
 
                CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS
 
PART 6_UNITED STATES GOVERNMENT LIFE INSURANCE--Table of Contents
 
Sec. 6.17  Collection of any indebtedness.

    At the maturity of a United States Government life insurance policy 
by total permanent disability or death, any indebtedness, unless paid 
off in cash, shall be liquidated by reducing the amount of each monthly 
installment in the proportion which the indebtedness bears to the 
commuted value of monthly installments as may then be payable under the 
policy, excluding dividend accumulations. If the policy is payable in 
one sum at death, any indebtedness shall be deducted from the amount 
payable under the policy.

[13 FR 7096, Nov. 27, 1948. Redesignated at 61 FR 29025, June 7, 1996]

                   Total Permanent Disability Benefits