[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: 38CFR8.25] [Page 513] TITLE 38--PENSIONS, BONUSES, AND VETERANS' RELIEF CHAPTER I--DEPARTMENT OF VETERANS AFFAIRS PART 8_NATIONAL SERVICE LIFE INSURANCE--Table of Contents Sec. 8.25 Options. Insurance will be paid in a lump sum only when selected by the insured during his or her lifetime or by his or her last will and testament. [61 FR 29293, June 10, 1996. Redesignated at 65 FR 7437, Feb. 15, 2000, and further redesignated at 67 FR 54739, Aug. 26, 2002] Renewal of Term Insurance