More than 51,000 Veterans have enrolled in VA’s newest life insurance program, VALife.
VALife marks its 2-year anniversary in January 2025, along with a major program milestone: It now provides full coverage, based on the amount selected, to over 5,400 Veterans who enrolled in January 2023. Over 24,000 more Veterans will also see their full coverage take effect in 2025. With VALife, full life insurance coverage starts two years after you apply, as long as premiums are paid during those two years. If death occurs during the 2-year waiting period, VA pays your beneficiaries the total amount you paid in premiums, plus interest.
VALife eliminates time limits to apply, increasing access to more Veterans than ever before. The program offers guaranteed acceptance, whole-life insurance to Veterans age 80 or under with any level of service-connected disability (0%-100%). Veterans age 81 or over may qualify if they meet certain criteria and apply within a certain timeframe.
Key features of VALife
- Coverage up to $40,000, available in $10,000 increments.
- No health questions or medical exam to enroll.
- No deadline to apply if you are age 80 or under.
- Convenient online application and enrollment, and;
- Cash value that builds over the life of the policy, after the first two years of enrollment.
VALife premium rates are the same for men and women, are not based on medical conditions and will not increase over the life of the policy. Premiums are based on the Veteran’s age upon enrollment and the coverage amount selected. In most cases, VALife premium rates are competitive with, or better than, similar private sector guaranteed acceptance programs. VALife does not offer waiver of premiums.
The full table of monthly VALife premium rates can be found online, or at https://www.va.gov/life-insurance/options-eligibility/valife/.
You can apply, receive an instant decision and manage aspects of your VALife policy online at www.va.gov/life-insurance.
Check out VALife to help you protect those who matter most to you!
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