Veterans Affairs Life Insurance (VALife) provides guaranteed acceptance whole life coverage of up to $40,000 to veterans with service-connected disabilities. Lesser amounts are available in increments of $10,000. Under this plan, the elected coverage takes effect two years after enrollment as long as premiums are paid during the two-year period.

Impact on Service-Disabled Veterans Insurance (S-DVI)

The S-DVI program stopped taking new applications on December 31, 2022.

What to know about changing to VALife

If you apply for VALife by December 31, 2025, you can keep your S-DVI during the two year waiting period for VALife benefits. Your S-DVI (including policies with premium waivers) will end when your full VALife coverage starts. You must pay premiums for both policies during the two year waiting period.

If you apply for VALife on or after January 1, 2026, your S-DVI (including policies with premium waivers) will end the day we approve your VALife application. You will need to pay only VALife premiums during the two year waiting period, but you will not have full coverage during this time.