About Life Insurance

As part of our mission to serve Servicemembers, Veterans, and their families, VA provides valuable life insurance benefits to give you the peace of mind that comes with knowing your family is protected. VA’s life insurance programs were developed to provide financial security for your family given the extraordinary risks involved in military service.
Insurance News
Do you Qualify for VA Insurance?

Follow this link for an easy way to find out if you are eligible for all our programs, including Service Disabled Veterans Insurance (S-DVI), Veterans Group Life Insurance and Family SGLI, TSGLI, and Veterans Mortgage Life Insurance. You’ll find infographics (timelines and charts) for each program.
SGLI Premiums

Effective July 1, 2014, SGLI premiums increased from 6.5 cents per $1,000 to 7 cents per $1,000. Follow this link for

more information about the SGLI premium increase.

Life Insurance

Life insurance is a product used to provide financial compensation to families or business in the event of death or terminal illness.

It is the most commonly known and understood of the range of life insurance products.

The cost of insurance varies due to your age, occupation, health, smoking status and sex.

When and how is it paid?

Life insurance pays a lump sum on your death or the diagnosis of a terminal illness.

The benefit is payable to the policy owner or beneficiary who could be a spouse, business partner, child or other party.

What could the proceeds be used for?

• The repayment of debts including home loan, personal loans and credit cards;
• To provide an income stream to dependants for bills, living expenses, school fees or child care;
• To provide income or capital to business in the event a key person or shareholder dies;
• To provide a benefit to a charity.