1. Short title This Act may be cited as the Disabled Veterans Life Insurance Act of 2017 . 2. Improvements to service disabled veterans’ insurance (a) Time of application Section 1922 of title 38, United States Code, is amended— (1) in subsection (a)— (A) by striking within two years from and inserting within 10 years from ; (B) by striking two-year period and inserting 10-year period ; (C) by striking or within two years after and inserting or within 10 years after ; (D) by striking filed within two years after and inserting filed within 10 years after ; and (E) by inserting after the third sentence the following new sentence: The Secretary may waive, on a case-by-case basis, any of the time limitations to apply for insurance under this section if the Secretary determines that such waiver is necessary because the veteran (or a guardian, as the case may be) was not properly informed of such insurance or because of any other hardships experienced by the veteran (or guardian). ; and (2) in subsection (b)(1)— (A) by striking two-year period and inserting 10-year period ; and (B) by striking two years and inserting 10 years . (b) Premium rates Subsection (a) of such section is further amended— (1) by striking based on the Commissioners 1941 Standard Ordinary Table of Mortality and inserting based on the industry standard mortality table selected by the Secretary (which shall be updated on a quinquennial basis) ; (2) by striking based upon the Commissioners 1941 Standard Ordinary Table of Mortality and inserting based upon such industry standard mortality table