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From Chuck Weber, your Veteran Service Officer... |
New VA Life Insurance Coming Soon
VA Life Insurance policies have been serving our nation’s Veterans,
service members, and their families for over 100 years. Starting January
1, 2023, enrollment opens for
Veterans Affairs Life Insurance (VALife)—a
new program offering increased access for Veterans age 80 or under with
any level of service-connected disability (0-100%).
Veterans Affairs Life Insurance (VALife) provides guaranteed acceptance
whole life coverage of up to $40,000 to Veterans with service-connected
disabilities. Lesser amounts are available in increments of
$10,000. Under this plan, the elected coverage takes effect two years
after enrollment as long as premiums are paid during the two-year
period.
All Veterans age 80 and under, who have a VA disability rating of 0 to
100 percent are eligible for the VALife program and have no time limit
to apply. Veterans who are 81 or older and have applied for VA
Disability Compensation before age 81 but did not receive the rating for
a new service-connected condition until after turning 81 are also
eligible if they apply within two years of their rating.
See details at: https://www.benefits.va.gov/insurance/valife.asp
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