service connected

New VA Benefit Will Sell Guaranteed Life Insurance to Most Veterans

A new Department of Veterans Affairs life insurance policy for veterans of any level of disability rating is just six months away from launching.

In a blog post Monday, the VA reminded veterans it will begin offering Veterans Affairs Life Insurance, or VALife, on Jan. 1, 2023, in line with a law passed last year, with applications opening that day.

VALife will be open to all veterans 80 years old or younger who have a disability rating of 0 to 100. Older veterans will also be eligible if they applied for VA disability compensation before age 81 but did not receive the disability rating until after turning 81, and if they apply for the life insurance within two years of getting the rating.

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“The new program meets the needs of service-connected veterans who may not have previously qualified for life insurance with VA,” the blog post said.

VALife is what’s known as guaranteed acceptance whole life insurance. That means no medical exams or health questions are required to be approved, with the VA in its blog post saying the plan will have

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