To amend title 38, United States Code, to require notarized acknowledgment by the spouse of a member of the Armed Forces who is eligible for insurance under the Servicemembers' Group Life Insurance Program before the member may elect not to be insured under such Program, to be insured under the Program for an amount less than the maximum amount, or to designate a beneficiary other than the member's spouse or child.

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.