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.
|
No comments:
Post a Comment