The U.S. Department of Veterans Affairs (VA) remains committed to providing trusted, reliable life insurance options to Veterans, service members, and their families. Through whole life insurance programs, VA ensures that loved ones are protected, offering essential financial security for the future.
Whole life insurance is a powerful tool, offering lifelong coverage while building cash value over time. Whether it’s covering funeral costs, replacing income for family members, or paying off debts, VA’s insurance options are designed to meet the unique needs of military families and Veterans.
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What Is Whole Life Insurance?
Whole life insurance provides coverage for the insured’s entire life as long as premiums are paid. Unlike term life insurance, these policies build cash value over time and offer fixed premium rates that never increase—providing stability and peace of mind. Premium rates are determined by age, and securing coverage earlier ensures lower long-term costs.
VA Life Insurance Programs: Serving Service Members and Veterans
VA offers a suite of life insurance programs to support military families and Veterans at every stage of life, including:
1. Servicemembers’ Group Life Insurance (SGLI)
- Automatically available to active-duty, National Guard, and Reserve members.
- Offers up to $500,000 in low-cost term life insurance.
- Members can convert SGLI into permanent plans, such as whole life insurance, within 120 days of separation—no health exam required.
2. Family Servicemembers’ Group Life Insurance (FSGLI)
- Covers spouses of service members enrolled in SGLI.
- Offers up to $100,000 in coverage.
- Spouses can convert FSGLI into a permanent plan, like whole life insurance, within 120 days of specific life events (e.g., separation from service).
3. Veterans’ Group Life Insurance (VGLI)
- Available for Veterans converting their SGLI after separation.
- Provides term life coverage equal to their prior SGLI coverage.
- Veterans can apply for VGLI within one year and 120 days of separation, with no health questions required if they apply within the first 240 days.
- VGLI policyholders can convert their coverage to a whole life insurance policy at any time with a participating private insurer.
4. Veterans Affairs Life Insurance (VALife) – Guaranteed Acceptance Whole Life Insurance
- VA’s newest program designed specifically for Veterans with service-connected disabilities (0-100%).
- Available to Veterans age 80 or under with no health questions or exams required.
- Offers up to $40,000 in guaranteed whole life coverage.
- Provides competitive premium rates that never increase and builds cash value after the first two years.
- Fully automated online application with instant enrollment decisions.
Conversion Options: Seamlessly Transition to Whole Life Insurance
Conversion allows Veterans, service members, and their families to transfer their group life insurance coverage (like SGLI, FSGLI, or VGLI) into individual whole life policies without having to provide proof of good health. This seamless transition ensures continued financial security without interruptions or health-related obstacles.
Veterans can convert their SGLI to VGLI after separation and later switch to whole life insurance anytime, while spouses covered by FSGLI also have flexible conversion options.
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Why Choose VA Whole Life Insurance?
VA’s whole life insurance programs offer unique benefits:
- Lifetime Coverage: Policies remain active as long as premiums are paid.
- Stable Premium Rates: Premiums are fixed and do not increase over time.
- Cash Value: Policies build cash value, offering added financial flexibility.
- No Health Exams: VALife and conversion options provide coverage without health questions, ensuring access for those with service-connected conditions.
With these options, VA ensures that Veterans and military families can achieve financial security and peace of mind, regardless of where life takes them.
Learn More and Secure Your Future
To explore VA’s life insurance programs, conversion options, or details about VALife, visit va.gov/life-insurance.
By protecting what matters most, VA continues its mission to serve those who served, offering life insurance solutions that honor the sacrifices of America’s Veterans and their families.
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