A bill to authorize the Administrator of Veterans' Affairs to pay the face value of United States Government life insurance to veterans of World War I under certain circumstances.

[AI summary unavailable — showing source text] Directs the Administrator of Veterans Affairs to pay the face value of any United States Government life insurance policy, upon application by the insured, if: (1) the paid premiums equal or exceed the face value on such insurance; or (2) the dividends payable equal or exceed the annual premiums on such insurance. Requires the Administrator to notify all persons insured under such policy with an explanation of the provisions of this Act.…