Benefits VA Insurance
- Access life insurance information through the U.S. Department of Veterans Affairs
- Almost 20 million military veterans currently live in the United States and rely on the services of Veterans Affairs
The U.S. Department of Veterans Affairs was founded in 1930, and exists to serve United States military veterans, their families, and their survivors with benefits like medical coverage, educational training, home loans, and more. As part of their dedication to serving United States veterans, the U.S. Veterans Affairs department offers life insurance to provide for expenses after a death.
In 2014, the premium for VA life insurance increased from 6.5 cents for every $1,000 of coverage to to 7 cents for every $1,000 of coverage. Veterans who are in the 70 to 74 and 75 and older age brackets usually have an average of $50,000 of coverage. This means that these veterans are paying only $5 more a month for their life insurance coverage.
Benefits VA Insurance (types)
- Several different types of VA life insurance are available, including Family Servicemembers’ Group Life Insurance (FSGLI), which is automatically given to spouses and children of US service members
- Service-Disabled Veterans’ Insurance (S-DVI), which is given to service members who were not dishonorably discharged and have been deemed medically disabled
- Veterans’ Group Life Insurance (VGLI), which is automatically given to US service members
US military service members who have a terminal illness can take advantage of the Accelerated Benefit Option, which lets SGLI, Family SGLI and VGLI policyholders have access to life insurance benefits before they pass away. Family members in this situation can use Accelerated Benefits to receive a partial lump payment.
The U.S. Veterans Affairs Office is located at 1722 I St., NW Washington, DC 20421.
To contact the United States Department of Veterans Affairs: