Veterans Life Insurance. Financial Literacy.

 

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Veterans Benefits Administration

 

 

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%). Life insurance is a key component for future financial planning. With the right policy and coverage amount, life insurance can cover end-of-life costs, provide an inheritance to family, serve as income to a spouse, or cover some outstanding debts. Those currently enrolled in VA’s current policy for service-connected Veterans, Service-Disabled Veterans Life Insurance (S-DVI), may keep their coverage or switch to VALife. Although S-DVI will be closed to new enrollments after December 31, 2022.