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Protect those who matter most with VA life insurance
October 17, 2022
Insurance Service, Veterans Benefits Administration
Important changes are coming to VA Life Insurance programs. Veterans Affairs Life Insurance (VALife) is launching on Jan. 1, 2023, as a new guaranteed acceptance whole life insurance program for service-connected Veterans. VA’s current offering for service-connected Veterans—Service-Disabled Veterans Life Insurance (S-DVI)—closes to new enrollment after Dec. 31, 2022. Veterans currently enrolled in S-DVI may keep their coverage or switch to VALife.
While both VALife and S-DVI cover Veterans with any level of service-connected disability (0-100%), there are key program differences to consider before deciding which program is right for you.
So, what is the difference between VA Life Insurance and Service-Disabled Veterans Life Insurance?
Coverage amounts
- VALife offers up to $40,000 in coverage, available in $10,000 increments.
- S-DVI offers up to $10,000 in basic coverage. Up to $30,000 in supplemental coverage is available only if you are totally disabled, unable to work and qualify for a premium waiver.
Premium waiver
- VALife does not offer a premium waiver option.
- S-DVI offers a premium waiver if you are totally disabled and unable to work.
Premium amount
- VALife premium rates are based on age and coverage amount. Once your VALife policy is issued, premium rates do not increase.
- S-DVI premium rates are based on age, coverage amount and coverage plan.
Medical requirements and waiting period
- VALife does not require you to answer health questions for enrollment. Because of this, there is a two-year waiting period for full coverage to begin, a common feature of guaranteed acceptance whole life policies.
- S-DVI requires proof of good health, other than your service-connected condition(s), prior to enrollment. Once enrolled, there is no waiting period for coverage to begin.
Application timelines
- VALife has no time limit to apply if you are age 80 and under. Veterans age 81 and older may qualify if they meet certain criteria.
- S-DVI requires application within two years of receiving notification of a new service-connected disability rating, or by December 31, 2022, whichever comes first.
Learn more
You can learn more about VALife and S-DVI by visiting the websites below:
Topics in this story
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25 Comments
Marie ClaiborneNovember 10, 2022 at 03:55
This was very helpful will share
LarryOctober 25, 2022 at 15:35
Veterans Affairs Life Insurance (VALife) Premium Rates
The monthly premiums for VALife are based on your age when you enroll. Once locked in, your premiums will not increase.Age
Coverage Amount and Monthly Premium
$10,000
$20,000
$30,000
$40,000
18
$10.90$21.80$32.70$43.60
19
$11.10$22.20$33.30$44.40
20
$11.40$22.80$34.20$45.60
21
$11.70$23.40$35.10$46.80
22
$12.10$24.20$36.30$48.40
23
$12.40$24.80$37.20$49.60
24
$12.80$25.60$38.40$51.20
25
$13.20$26.40$39.60$52.80
26
$13.60$27.20$40.80$54.40
27
$14.00$28.00$42.00$56.00
28
$14.40$28.80$43.20$57.60
29
$14.90$29.80$44.70$59.60
30
$15.40$30.80$46.20$61.60
31
$15.90$31.80$47.70$63.60
32
$16.40$32.80$49.20$65.60
33
$17.00$34.00$51.00$68.00
34
$17.60$35.20$52.80$70.40
35
$18.30$36.60$54.90$73.20
36
$18.90$37.80$56.70$75.60
37
$19.60$39.20$58.80$78.40
38
$20.40$40.80$61.20$81.60
39
$21.10$42.20$63.30$84.40
40
$22.00$44.00$66.00$88.00
41
$22.80$45.60$68.40$91.20
42
$23.70$47.40$71.10$94.80
43
$24.60$49.20$73.80$98.40
44
$25.60$51.20$76.80$102.40
45
$26.60$53.20$79.80$106.40
46
$27.70$55.40$83.10$110.80
47
$28.80$57.60$86.40$115.20
48
$30.00$60.00$90.00$120.00
49
$31.20$62.40$93.60$124.80
50
$32.50$65.00$97.50$130.00
51
$33.90$67.80$101.70$135.60
52
$35.30 $70.60$105.90$141.20
53
$36.90$73.80$110.70$147.60
54
$38.40$76.80$115.20$153.60
55
$40.10$80.20$120.30$160.40
56
$41.90$83.80$125.70$167.60
57
$43.70$87.40$131.10$174.80
58
$45.70$91.40$137.10$182.80
59
$47.70$95.40$143.10$190.80
60
$50.00$100.00$150.00$200.00
61
$52.30$104.60$156.90$209.20
62
$54.60$109.20$163.80$218.40
63
$56.90$113.80$170.70$227.60
64
$59.40$118.80$178.20$237.60
65
$62.00$124.00$186.00$248.00
66
$64.80$129.60$194.40$259.20
67
$67.80$135.60$203.40$271.20
68
$70.90$141.80$212.70$283.60
69
$74.40$148.80$223.20$297.60
70
$78.00$156.00$234.00$312.00
71
$81.80$163.60$245.40$327.20
72
$85.80$171.60$257.40$343.20
73
$90.10$180.20$270.30$360.40
74
$94.70$189.40$284.10$378.80
75
$99.50$199.00$298.50$398.00
76
$104.60$209.20$313.80$418.40
77
$109.90$219.80$329.70$439.60
78
$115.60$231.20$346.80$462.40
79
$121.40$242.80$364.20$485.60
80
$127.50$255.00$382.50$510.00
81*
$133.80$267.60$401.40$535.20
82*
$140.40$280.80$421.20$561.60
83*
$147.40$294.80$442.20$589.60
84*
$154.70$309.40$464.10$618.80
85*
$162.60$325.20$487.80$650.40
86*
$171.10$342.20$513.30$684.40
87*
$180.40$360.80$541.20$721.60
88*
$190.90$381.80$572.70$763.60
89*
$202.90$405.80$608.70$811.60
90*
$217.00$434.00$651.00$868.00
91*
$234.30$468.60$702.90$937.20
92*
$256.40$512.80$769.20$1,025.60
93*
$287.40$574.80$862.20$1,149.60
94*
$337.00$674.00$1,011.00$1,348.00
95*
$442.00$884.00$1,326.00$1,768.00
*Please note that coverage is only available to Veterans over age 80 if they:
Apply for a new service-connected condition prior to the age of 81,
Receive a grant for the new service-connected condition after the age of 81, and
Apply within two years of notification of the grant.
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Last updated: October 20, 2022Emanuel stoneOctober 22, 2022 at 23:07
My name : Emanuel Stone at CLC WEST VA-HOSPITAL in LONGBEACH California on 7th st.
Luciano Vargas Jr.October 21, 2022 at 08:30
This is the first time I have heard about this Insurance. Thanks for the article and continued support. Smile and enjoy this beautiful day.
Suzanne DahlmanOctober 20, 2022 at 19:11
This leaves me unclear as to what I now have and have been paying for since retiring. Will someone be responding?
RebeccaOctober 20, 2022 at 06:56
My husband applied in 2018 and was denied . Don’t know why.
Harry ThomasOctober 19, 2022 at 20:55
Does VA P&T have the same meaning of Total, for the purpose of the VA Insurance premium waiver?
Bernie RovenskieOctober 19, 2022 at 19:32
Can this article be sent by email to a personal emy?
Danny MaldonadoOctober 19, 2022 at 10:35
Can I get more information about the Sevice connected 100% service connected disabled veteran and can no longer work.
Cindy waltersOctober 18, 2022 at 22:09
Would like to about how much perfume would be per month?
William Roy ThomasOctober 18, 2022 at 21:26
I’m a hundred percent disabled veteran I’m amazed to hear there may be something I can leave my wife do you have any way for me to listen to this information
Trina PruittOctober 18, 2022 at 20:33
Do va life offer the spouse of a 100% vet coverage
Elizabeth MillerOctober 21, 2022 at 08:22
My husband passed away in 2015. I just found out on last year. I applied for benefits but was denied because of a mistake made on his death certificate. I believe his family put divorced when they signed death certificate. They never notified me. We were separated but kept in touch talking over telephone. How do I find out about the divorce or if there was a divorce at all. Need help. Thank you for your time.
Baldomero casasOctober 18, 2022 at 19:48
Im on a pension get i apply for this
Rorye J. Mosley, SrOctober 20, 2022 at 17:41
Please post reminder when the latest version becomes available. Thank you kindly.
Joseph AdamsOctober 18, 2022 at 17:32
iLife insurance
Carrie MusicOctober 18, 2022 at 09:13
Good, simply explained, life insurance information.
WilliamOctober 19, 2022 at 20:59
I am
100% service rated disabled. Am I eligible for life insurance?SandraOctober 20, 2022 at 06:41
Csn you have both ilife insurance and S-DVI?
Eugene WhitleyOctober 18, 2022 at 08:55
I am a 100% P&T Service-Disabled Veteran.
I have $10,000.00 SDVI with “premium waiver”.
Can I get additional SDVI ($10,000.00 – 40,000.00), with “premium waiver”?
Thank you….zach gOctober 19, 2022 at 07:52
the va affords you the chance to purchase up to an additional 30k, once you have the 10k waiver.. however, you only have a 1 year window of opportunity to purchase the supplemental insurance from when you receive the waiver…..
Loyd Tucker 1446October 17, 2022 at 19:00
How do l enroll
Fred bill CelestineOctober 19, 2022 at 07:23
I am a100/ pt sdvl veteran can I get a additional sdvl 10;.000: 00 to 40; 000: 00. Premium waiver? Thank you”
zach gOctober 19, 2022 at 07:54
complete va form 29-4364, send to the va insurance dept in Philly.
Comments are closed.
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Last updated October 13, 2022