What is VALife?

VA’s newest life insurance program, Veterans Affairs Life Insurance (VALife), increases access to life insurance for more service-connected Veterans than ever before.

VALife is a guaranteed acceptance whole life insurance product that launches on Jan. 1, 2023, for Veterans age 80 or under with any level of service-connected disability (0-100%). Veterans age 81 or over may qualify if they meet certain conditions.

Key features of VALife include:

  • Coverage up to $40,000, available in $10,000 increments
  • Competitive premiums
  • No health questions or medical exam to enroll
  • No deadline to apply if you are age 80 or under
  • Convenient online application and enrollment
  • Easy deductions from VA benefits (no cash out of pocket), and
  • Cash value that builds over the life of the policy, after the first two years of enrollment

How much does VALife cost?

VALife premium rate charts are here.

VALife costs the same across all genders and backgrounds, and once enrolled, rates will never go up. In most cases, rates are competitive with, or better than, similar private sector guaranteed acceptance programs.

Rates will not increase for the life of the policy and do not change based on medical conditions. Premiums are based on a Veteran’s age upon enrollment and the coverage amount selected.

Can VALife premiums be waived?

VALife does not offer waiver of premiums.

Unlike Service-Disabled Veterans Life Insurance (S-DVI), by law, there are no circumstances under VALife where premiums can be waived.

What is the waiting period?

VALife has a two-year waiting period for the full-face coverage to take effect. This waiting period is a common feature of guaranteed acceptance whole life insurance programs. Veterans must pay monthly or annual premiums during this two-year waiting period. If the insured’s death occurs during these first two years, all premiums paid plus interest will be disbursed to the designated beneficiary. When death occurs more than two years after enrollment, the full face amount of the policy will be paid.

Learn more

You can learn more about VALife and sign up to receive updates through the quarterly newsletter here: https://www.benefits.va.gov/insurance/valife.asp.

Topics in this story

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Leave a comment

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21 Comments

  1. Cesar Q Mojica January 22, 2023 at 17:38

    I read this VA life insurance I wanna ask because my husband is 82 years old 100 percent disable and it says 80 and below could apply ?

  2. Larry Chalmers January 6, 2023 at 10:37

    I think that a retired veteran with 20 years or more of service and service
    connected shouldn’t have to pay anything for this insurance we have already pay the sacrifice we already paying for social security that comes out of our check now this we shouldn’t have to pay for social security it should be free for us.

  3. Major Stroupe January 4, 2023 at 07:59

    Two problems with this new insurance program. 1. Premiums are higher than many standard life insurance programs. 2. Waiver of premiums benefit is not offered under this program. I would only recommend this program to someone who could not qualify for other more affordable life insurance programs. It pays to shop for your insurance and make a calculated decision.

  4. Gary Erickson January 1, 2023 at 01:56

    We signed up on Jan 1, 2023. The process was very easy. Thank you VA!

    • Ernie Reed January 3, 2023 at 18:00

      How do you signed up for this new insurance?

  5. George Welsh December 31, 2022 at 18:30

    The life insurance ? is the best I have ever seen. It is definitely worth the price of the premiums offered.

  6. Mell Grove December 31, 2022 at 17:39

    How to sign up for Disabled Vet life care nsurance??

  7. Alex Spann December 29, 2022 at 22:37

    I would like to see more details about VALIFE INS.

  8. Tyrone December 29, 2022 at 21:28

    Why is it only offered to veterans who are eighty or older

    • Jeffrey Burcham January 6, 2023 at 16:26

      It’s offered to veteran’s 80 and UNDER

  9. clark norman December 29, 2022 at 21:20

    are you still insured when reach 81 years?

  10. clark norman December 29, 2022 at 21:17

    do you lose insurance when you turn 80 years 0ld?

  11. Hugh E Horton December 29, 2022 at 18:28

    We need a VA Life Insurance policy that all veterans are eligible for. I have a heart condition, and can not get anymore life insurance. I have no service connected disability.

  12. sandra Cramer December 29, 2022 at 18:05

    does not apply to widows???????????????

  13. Timothy House December 29, 2022 at 18:00

    Looking to compare.

  14. DOYLE PRICE December 29, 2022 at 17:42

    when can i get the new life ins??

  15. Denise Patterson December 29, 2022 at 12:02

    Tried getting Life insurance for my husband but never got a response

  16. David Milton December 29, 2022 at 07:27

    What about over 80

    • sandra cramer December 29, 2022 at 18:06

      you are out of luck???????????????????

    • Tori December 29, 2022 at 18:07

      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.

    • clark norman December 29, 2022 at 21:22

      do you have an answer?

Comments are closed.

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