If you’re a Veteran associated with a past service, one of the VA’s latest insurance programs, the Veterans Affairs Life Insurance (VALife), is here to safeguard the futures of your loved ones. VALife entails guaranteed acceptance of whole life insurance, offering a cover of up to $40,000.
VALife Benefits
The premium rates of VALife insurance are influenced by your age at the time of enrolment and the extent of the coverage you select. The best part is that these premium rates are set in stone for the duration of your policy, insuring no increment, making them competitive when compared to similar private sector programs.
- Guaranteed acceptance whole life insurance coverage up to $40,000.
- Premium rates locked in for life of policy.
- Convenient and easy to use electronic application.
Eligibility and Application
As a Veteran eligible for VALife, you can apply for this life insurance policy, obtain an immediate decision, and manage all aspects of your policy entirely online. Whether your level of VA service-connected disability rating is anywhere between 0 to 100%, or you’re 80 years old or younger, you qualify for VALife.
There’s no need for medical exams or health queries upon enrolment. Full coverage commences after an initial waiting period of two years. In case of any unfortunate event within the first two years, the premiums would be paid out to the beneficiaries.
Key Features of VALife
- If you were age 80 or under with any level of VA service-connected disability rating 0 to 100%, you are eligible for VALife.
- There are no medical exams or health questions to enroll.
- Full coverage takes effect after an initial two year waiting period, and premiums will be paid to beneficiaries if loss occurs in the first two years.
Why Choose VALife?
VALife broadens access to life insurance for more Veterans than any other program in the past. Get started today to receive the benefits you’ve valiantly earned. Discover more about your eligibility for VALife and other VA insurance programs by visiting va.gov/life-insurance. Secure your loved ones with VALife Insurance.