Veterans 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?

S-DVI programs will close to new enrollment (no new applications will be accepted) after 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.

Note: Premium rates are proposed rates based on current estimates and may change prior to implementation of VALife on January 1, 2023.