Important changes are coming to VA Life Insurance programs. Veterans Affairs Life Insurance (VALife) is launching on Jan. 1, 2023, as a new guaranteed acceptance whole life insurance program for service-connected Veterans. VA’s current offering for service-connected Veterans—Service-Disabled Veterans Life Insurance (S-DVI)—closes to new enrollment after Dec. 31, 2022. Veterans currently enrolled in S-DVI may keep their coverage or switch to VALife.
While both VALife and S-DVI cover Veterans with any level of service-connected disability (0-100%), there are key program differences to consider before deciding which program is right for you.
So, what is the difference between VA Life Insurance and Service-Disabled Veterans Life Insurance?
Coverage amounts
-
- VALife offers up to $40,000 in coverage, available in $10,000 increments.
- S-DVI offers up to $10,000 in basic coverage. Up to $30,000 in supplemental coverage is available only if you are totally disabled, unable to work and qualify for a premium waiver.
Premium waiver
-
- VALife does not offer a premium waiver option.
- S-DVI offers a premium waiver if you are totally disabled and unable to work.
Premium amount
-
- VALife premium rates are based on age and coverage amount. Once your VALife policy is issued, premium rates do not increase.
- S-DVI premium rates are based on age, coverage amount and coverage plan.
Medical requirements and waiting period
-
- VALife does not require you to answer health questions for enrollment. Because of this, there is a two-year waiting period for full coverage to begin, a common feature of guaranteed acceptance whole life policies.
- S-DVI requires proof of good health, other than your service-connected condition(s), prior to enrollment. Once enrolled, there is no waiting period for coverage to begin.
Application timelines
-
- VALife has no time limit to apply if you are age 80 and under. Veterans age 81 and older may qualify if they meet certain criteria.
- S-DVI requires application within two years of receiving notification of a new service-connected disability rating, or by December 31, 2022, whichever comes first.
Learn more
You can learn more about VALife and S-DVI by visiting the websites below:
Topics in this story
More Stories
Bridge My Return launched a software re-build to its hiring platform with an improved AI-driven, skills-matching algorithm and military skills translator.
The Project Flaunt Hub is an online platform of videos, interactive programs and activities. It is designed to empower children, their families and/or caregivers to accept themselves and in doing so, embrace others.
Power of motorsports and road course endurance racing to provide adrenaline therapy and create positive change in the lives of veterans and first responders.
This was very helpful will share
Veterans Affairs Life Insurance (VALife) Premium Rates
The monthly premiums for VALife are based on your age when you enroll. Once locked in, your premiums will not increase.
Age
Coverage Amount and Monthly Premium
$10,000
$20,000
$30,000
$40,000
18
$10.90 $21.80 $32.70 $43.60
19
$11.10 $22.20 $33.30 $44.40
20
$11.40 $22.80 $34.20 $45.60
21
$11.70 $23.40 $35.10 $46.80
22
$12.10 $24.20 $36.30 $48.40
23
$12.40 $24.80 $37.20 $49.60
24
$12.80 $25.60 $38.40 $51.20
25
$13.20 $26.40 $39.60 $52.80
26
$13.60 $27.20 $40.80 $54.40
27
$14.00 $28.00 $42.00 $56.00
28
$14.40 $28.80 $43.20 $57.60
29
$14.90 $29.80 $44.70 $59.60
30
$15.40 $30.80 $46.20 $61.60
31
$15.90 $31.80 $47.70 $63.60
32
$16.40 $32.80 $49.20 $65.60
33
$17.00 $34.00 $51.00 $68.00
34
$17.60 $35.20 $52.80 $70.40
35
$18.30 $36.60 $54.90 $73.20
36
$18.90 $37.80 $56.70 $75.60
37
$19.60 $39.20 $58.80 $78.40
38
$20.40 $40.80 $61.20 $81.60
39
$21.10 $42.20 $63.30 $84.40
40
$22.00 $44.00 $66.00 $88.00
41
$22.80 $45.60 $68.40 $91.20
42
$23.70 $47.40 $71.10 $94.80
43
$24.60 $49.20 $73.80 $98.40
44
$25.60 $51.20 $76.80 $102.40
45
$26.60 $53.20 $79.80 $106.40
46
$27.70 $55.40 $83.10 $110.80
47
$28.80 $57.60 $86.40 $115.20
48
$30.00 $60.00 $90.00 $120.00
49
$31.20 $62.40 $93.60 $124.80
50
$32.50 $65.00 $97.50 $130.00
51
$33.90 $67.80 $101.70 $135.60
52
$35.30 $70.60 $105.90 $141.20
53
$36.90 $73.80 $110.70 $147.60
54
$38.40 $76.80 $115.20 $153.60
55
$40.10 $80.20 $120.30 $160.40
56
$41.90 $83.80 $125.70 $167.60
57
$43.70 $87.40 $131.10 $174.80
58
$45.70 $91.40 $137.10 $182.80
59
$47.70 $95.40 $143.10 $190.80
60
$50.00 $100.00 $150.00 $200.00
61
$52.30 $104.60 $156.90 $209.20
62
$54.60 $109.20 $163.80 $218.40
63
$56.90 $113.80 $170.70 $227.60
64
$59.40 $118.80 $178.20 $237.60
65
$62.00 $124.00 $186.00 $248.00
66
$64.80 $129.60 $194.40 $259.20
67
$67.80 $135.60 $203.40 $271.20
68
$70.90 $141.80 $212.70 $283.60
69
$74.40 $148.80 $223.20 $297.60
70
$78.00 $156.00 $234.00 $312.00
71
$81.80 $163.60 $245.40 $327.20
72
$85.80 $171.60 $257.40 $343.20
73
$90.10 $180.20 $270.30 $360.40
74
$94.70 $189.40 $284.10 $378.80
75
$99.50 $199.00 $298.50 $398.00
76
$104.60 $209.20 $313.80 $418.40
77
$109.90 $219.80 $329.70 $439.60
78
$115.60 $231.20 $346.80 $462.40
79
$121.40 $242.80 $364.20 $485.60
80
$127.50 $255.00 $382.50 $510.00
81*
$133.80 $267.60 $401.40 $535.20
82*
$140.40 $280.80 $421.20 $561.60
83*
$147.40 $294.80 $442.20 $589.60
84*
$154.70 $309.40 $464.10 $618.80
85*
$162.60 $325.20 $487.80 $650.40
86*
$171.10 $342.20 $513.30 $684.40
87*
$180.40 $360.80 $541.20 $721.60
88*
$190.90 $381.80 $572.70 $763.60
89*
$202.90 $405.80 $608.70 $811.60
90*
$217.00 $434.00 $651.00 $868.00
91*
$234.30 $468.60 $702.90 $937.20
92*
$256.40 $512.80 $769.20 $1,025.60
93*
$287.40 $574.80 $862.20 $1,149.60
94*
$337.00 $674.00 $1,011.00 $1,348.00
95*
$442.00 $884.00 $1,326.00 $1,768.00
*Please note that coverage is only available to Veterans over age 80 if they:
Apply for a new service-connected condition prior to the age of 81,
Receive a grant for the new service-connected condition after the age of 81, and
Apply within two years of notification of the grant.
return to top go
Last updated: October 20, 2022
My name : Emanuel Stone at CLC WEST VA-HOSPITAL in LONGBEACH California on 7th st.
This is the first time I have heard about this Insurance. Thanks for the article and continued support. Smile and enjoy this beautiful day.
This leaves me unclear as to what I now have and have been paying for since retiring. Will someone be responding?
My husband applied in 2018 and was denied . Don’t know why.
Does VA P&T have the same meaning of Total, for the purpose of the VA Insurance premium waiver?
Can this article be sent by email to a personal emy?
Can I get more information about the Sevice connected 100% service connected disabled veteran and can no longer work.
Would like to about how much perfume would be per month?
I’m a hundred percent disabled veteran I’m amazed to hear there may be something I can leave my wife do you have any way for me to listen to this information
Do va life offer the spouse of a 100% vet coverage
My husband passed away in 2015. I just found out on last year. I applied for benefits but was denied because of a mistake made on his death certificate. I believe his family put divorced when they signed death certificate. They never notified me. We were separated but kept in touch talking over telephone. How do I find out about the divorce or if there was a divorce at all. Need help. Thank you for your time.
Im on a pension get i apply for this
Please post reminder when the latest version becomes available. Thank you kindly.
iLife insurance
Good, simply explained, life insurance information.
Haha! Minimal at best and whole life- seriously! You do know that any money in that “savings account” is gone at death. Bad idea!!
I am
100% service rated disabled. Am I eligible for life insurance?
Csn you have both ilife insurance and S-DVI?
I am a 100% P&T Service-Disabled Veteran.
I have $10,000.00 SDVI with “premium waiver”.
Can I get additional SDVI ($10,000.00 – 40,000.00), with “premium waiver”?
Thank you….
the va affords you the chance to purchase up to an additional 30k, once you have the 10k waiver.. however, you only have a 1 year window of opportunity to purchase the supplemental insurance from when you receive the waiver…..
How do l enroll
I am a100/ pt sdvl veteran can I get a additional sdvl 10;.000: 00 to 40; 000: 00. Premium waiver? Thank you”
complete va form 29-4364, send to the va insurance dept in Philly.