The main purpose of the GRACE for Military Survivors Act is to provide greater financial flexibility for families who receive military death benefits. Specifically, it aims to extend the time period during which these benefits can be contributed to Roth Individual Retirement Accounts (IRAs) and Coverdell education savings accounts. This change is intended to help military survivors better manage their financial resources and save for education or retirement. Key provisions of the Act include changing the contribution time frame for military death benefits.