New Veterans Affairs Life Insurance program (VALI)

Insurance is foundational in family financial planning as 63% of adults protect their spouse, children, or other beneficiary. As a person ages, life insurance becomes more popular, but also more expensive or difficult to approve the later someone applies. VALI has fixed premiums for life that are lower the sooner one signs up; an initial two year period to achieve the policy face value; and retains cash value that builds up over time.

VALI offers guaranteed acceptance whole life coverage up to $40,000 for all service-connected Veterans age 80 and under with no medical underwriting and no time limit to apply. Some Veterans over age 80 may also be eligible.

Some VALI resources include:

• An online fact sheet going over coverage up to $40,000, premium rates, and FAQs: https://www.benefits.va.gov/INSURANCE/docs/VALI_Information.pdf
• A link to register for email updates on the new program: https://public.govdelivery.com/accounts/USVAVALI/subscriber/new
• The VA.gov Life Insurance website: https://www.va.gov/life-insurance
• VA Life Insurance Call Center: 1-800-669-8477 (M-F 8:30 AM to 6:00 PM ET)