What is a VA life insurance policy and how do I get one?

VA life insurance policies are a type of insurance provided to veterans of the United States armed forces. These policies are paid for by the federal government and offer a range of benefits to veterans. VA life insurance policies are available in two basic types: Service-Disabled Veterans Insurance (S-DVI) and Veterans Group Life Insurance (VGLI). S-DVI is available to veterans who have a disability or illness that was caused or aggravated by their active service in the armed forces. VGLI is available to veterans who are honorably discharged from active service in the armed forces but do not qualify for S-DVI. In order to get a VA life insurance policy, you must first apply for the policy. The application process can be done through the Department of Veterans Affairs website or by filing a paper application. To get an S-DVI policy, you must provide proof of a service-connected disability and submit a medical report. For VGLI, you must provide proof of active service in the armed forces and proof of a satisfactory separation from service. Once your application is approved, you will receive a policy certificate with details about the policy such as the benefits and premiums. You can then make payments to your insurance carrier to maintain the policy. VA life insurance policies offer veterans a range of benefits, including financial security for their families. Being able to get one is a privilege for veterans and a way for the federal government to show its appreciation for their service.

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