Veteran Affairs Life Insurance (VALife)
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.
Impact on Service-Disabled Veterans Insurance (S-DVI)
What happens to S-DVI when VALife starts?
The S-DVI program stopped taking new applications on December 31, 2022.
Can I apply for VALife if I have S-DVI?
If you have S-DVI, you can apply for VALife. If you apply before December 31, 2025, you can keep S-DVI during the initial two year enrollment period for VALife.
Do I have to switch to VALife?
No, you may remain in the S-DVI program.