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Old 03-11-2006, 07:35 PM
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Group insurance has paid out $103M to severely wounded

It is good to know our injured in Iraq are being taken care of financially!

Quote:
More than 1,600 severely wounded servicemembers have received cash payouts through the new Traumatic Servicemembers Group Life Insurance program in its first three months, according to program officials.

The program, launched in December, allows servicemembers to pay $1 a month for insurance in cases of severe wounds such as the loss of a limb, loss of sight or extensive burns. Payouts range from $25,000 to $100,000.

The payouts so far total more than $103 million and include 66 troops who have been injured since Dec. 1 and already received their cash. Officials at the Department of Veterans Affairs said they’re pleased with the quick turnaround thus far.
They are even paying soldiers that were injured before this program.

Quote:
So far, 1,543 troops have received the retroactive payments, Wurtz said. Defense officials estimate about 5,000 troops total are eligible under those guidelines.
I hate too see any soldiers killed or wounded, but I feel better when I read reports like this.
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