Reinstates the P.L. 109-13 SGLI $400,000 maximum member coverage amount. Requires the Secretary of the military department concerned, whenever a member who is eligible for SGLI executes a life insurance option, to notify that member's spouse, or, if not married, next of kin, of such execution. Includes as life insurance options an election not to be covered, to be covered in an amount less than the maximum, or for a change in the amount of coverage. Requires the same notification whenever an unmarried member who is eligible for SGLI marries.

Requires amounts of SGLI elected by members to be evenly divisible by $50,000 (currently $10,000).

Allows a member to elect not to be insured under SGLI for traumatic injury protection. Allows a member who has made an election not to be so insured to thereafter elect to be insured upon written application, proof of good health, and compliance with applicable terms and conditions. Makes the effective date of the latter election the date the application is received by the Secretary of Veterans Affairs.

Servicemembers' Group Life Insurance Enhancement Act of 2005 - Repeals, as of August 31, 2005, section 1012 of Division A of P.L. 109-13 which increased the maximum amount of coverage under the Servicemembers' Group Life Insurance (SGLI) program to $400,000 and, for members serving in certain areas or operations, allowed $150,000 of such amount to be paid for by the Secretary concerned. Reinstates Federal provisions concerning such coverage as in effect prior to the enactment of the above Act.

Reinstates the P.L. 109-13 SGLI $400,000 maximum member coverage amount. Requires the Secretary of the military department concerned, whenever a member who is eligible for SGLI executes a life insurance option, to notify that member's spouse, or, if not married, next of kin, of such execution. Includes as life insurance options an election not to be covered, to be covered in an amount less than the maximum, or for a change in the amount of coverage. Requires the same notification whenever an unmarried member who is eligible for SGLI marries.

Requires amounts of SGLI elected by members to be evenly divisible by $50,000 (currently $10,000).

Allows a member to elect not to be insured under SGLI for traumatic injury protection. Allows a member who has made an election not to be so insured to thereafter elect to be insured upon written application, proof of good health, and compliance with applicable terms and conditions. Makes the effective date of the latter election the date the application is received by the Secretary of Veterans Affairs.

Servicemembers' Group Life Insurance Enhancement Act of 2005 - Repeals, as of August 31, 2005, section 1012 of Division A of P.L. 109-13 which increased the maximum amount of coverage under the Servicemembers' Group Life Insurance (SGLI) program to $400,000 and, for members serving in certain areas or operations, allowed $150,000 of such amount to be paid for by the Secretary concerned. Reinstates Federal provisions concerning such coverage as in effect prior to the enactment of the above Act.

Reinstates the P.L. 109-13 SGLI $400,000 maximum member coverage amount. Requires the Secretary of the military department concerned, whenever a member who is eligible for SGLI executes a life insurance option, to notify that member's spouse, or, if not married, next of kin, of such execution. Includes as life insurance options an election not to be covered, to be covered in an amount less than the maximum, or for a change in the amount of coverage. Requires the same notification whenever an unmarried member who is eligible for SGLI marries.

Requires amounts of SGLI elected by members to be evenly divisible by $50,000 (currently $10,000).

Allows a member to elect not to be insured under SGLI for traumatic injury protection. Allows a member who has made an election not to be so insured to thereafter elect to be insured upon written application, proof of good health, and compliance with applicable terms and conditions. Makes the effective date of the latter election the date the application is received by the Secretary of Veterans Affairs.

Reinstates the PL 109-13 SGLI $400,000 maximum member coverage amount. Requires the Secretary of the military department concerned to notify a member's spouse when a member who is married and is: (1) eligible for SGLI elects not to be so insured; (2) insured and whose spouse is designated as a beneficiary if the member elects coverage in an amount less than the maximum; or (3) insured makes a beneficiary designation of a person other than the member's spouse or child.

Requires amounts of SGLI elected by members to be evenly divisible by $50,000 (currently $10,000).

Servicemembers' Group Life Insurance Enhancement Act of 2005 - Repeals, as of August 31, 2005, section 1012 of Division A of P.L. 109-13 which increased the maximum amount of coverage under the Servicemembers' Group Life Insurance (SGLI) program to $400,000 and, for members serving in certain areas or operations, allowed $150,000 of such amount to be paid for by the Secretary concerned. Reinstates Federal provisions concerning such coverage as in effect prior to the enactment of the above Act.

Reinstates the PL 109-13 SGLI $400,000 maximum member coverage amount.Requires the Secretary of the military department concerned to notify a member's spouse when a member who is married and is: (1) eligible for SGLI elects not to be so insured; (2) insured and whose spouse is designated as a beneficiary if the member elects coverage in an amount less than the maximum; or (3) insured makes a beneficiary designation of a person other than the member's spouse or child.

Requires amounts of SGLI elected by members to be evenly divisible by $50,000 (currently $10,000).