Military Personnel Financial Services Education Act of 2005

Summary

Military Personnel Financial Services Education Act of 2005 - Provides financial services and life insurance consumer education for members of the Armed Forces and their spouses, which shall be provided as a component of initial entry and recurring training. (Such training shall include information on financial services marketing practices that are particularly prevalent at a military installation and vicinity.) Provides financial services counseling for members of the Armed Forces, and upon request, for their spouses. Requires a full-time trained counselor at installations with at least 750 assigned personnel, and other counseling at smaller installations. Requires counselors to provide members or spouses with information on Servicemembers' Group Life Insurance when providing information on private sector life insurance. Prohibits E-1 through E-4 members to pay for private sector insurance through pay allotments without a written certification of counseling.

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3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 12 May 2005

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• Introduced in Senate (PDF)

  Introduced in Senate · EN · 12 May 2005

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• Introduced in Senate

  summary · EN · 12 May 2005

  Open at official source

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