§ 3224. Death of participant

In the event of a participant’s death, the amount of such participant’s unused contributions to the fund shall be paid to the living person or persons first listed below:

• (1) The beneficiary or beneficiaries designated by such participant under such participant’s Servicemembers’ Group Life Insurance policy.
• (2) The surviving spouse of the participant.
• (3) The surviving child or children of the participant, in equal shares.
• (4) The surviving parent or parents of the participant, in equal shares.