Fulfilling Obligations to Families of the Fallen Act

This bill requires a notarized acknowledgement from a service member and the service member's spouse before certain elections or designations can go into effect under the Servicemembers' Group Life Insurance Program. Specifically, such an acknowledgement is required if a service member declines life insurance, elects less coverage than the maximum amount provided, or the service member chooses a beneficiary other than the spouse or child or the member.