1
VA Pamphlet 29-10
Revised January 2023
Information and Premium Rates
General
This pamphlet contains premium rates and
describes insurance issued under the Veterans
Affairs Life Insurance (VALife) program.
Policies for this insurance are issued with the
letter “G” in front of the policy number.
NOTE: This insurance is nonparticipating,
which means that no dividends are paid.
About VALife
VALife is a program that provides guaranteed
acceptance whole life insurance coverage with
no health questions or exams and is available
to all service-connected Veterans age 80 and
under at all disability rating levels (0 to 100
percent). If you are age 80 or under, there is no
deadline or time limit to apply for VALife.
NOTE: Veterans over age 80 are eligible if
they apply for a new service-connected
condition prior to the age of 81, receive a rating
for that condition after the age of 81 and apply
for VALife within two years from the date VA
notified them of their new rating.
Eligibility and How to Apply
You are eligible to apply for VALife if you meet
the following criteria:
1. You have a service-connected disability.
2. You are age 80 or under (except for those
who applied for a new condition prior to age
81 and received their rating after 81, as
noted earlier).
You must also pay an initial premium payment
with your application to be approved.
You may qualify for this coverage even if you
have been rejected for insurance by a
commercial company or were offered a policy
at high premiums because of your
service-connected disability(ies).
Guaranteed Acceptance: You are not
required to answer any health questions or
have a medical exam to get VALife coverage.
Whole Life: VALife is a whole life insurance
product that builds cash value. While there is
no cash value within the first two years of
enrollment, you can still access the cash
value after two years if you decide to reduce
or cancel your coverage.
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Enrollment Waiting Period
VALife has a two-year waiting period before
the full amount of the policy is in effect. If you
pass away prior to the completion of the two-
year waiting period, VA will pay your
beneficiaries the total value of all your paid
premiums plus interest. The full face amount
of your coverage will be payable to your
beneficiaries if you pass away after the two-
year waiting period.
VALife and S-DVI
The Service-Disabled Veterans Insurance (S-
DVI) program will close to new enrollment after
December 31, 2022. This includes applications
for S-DVI as well as Supplemental S-DVI.
If you are currently insured under S-DVI, you
can apply for VALife beginning on January 1,
2023. If you apply between January 1, 2023,
and December 31, 2025, you can keep your S-
DVI policy during the two-year waiting period
needed for your full VALife coverage to take
effect. You may not be insured under both S-
DVI and VALife at the same time except during
this initial VALife enrollment period. Therefore,
your S-DVI coverage will end when the full
VALife coverage takes effect.
If you have S-DVI and apply for VALife after
December 31, 2025, your S-DVI policy will end
at the time your VALife application is approved.
Existing S-DVI policyholders may choose to
remain with S-DVI, as some S-DVI features are
not available under VALife. For example,
VALife does not offer premium waivers.
How to Apply
You can apply for VALife online at:
https://www.benefits.va.gov/insurance/valife.asp
How to Contact Us
Website:
www.insurance.va.gov
Life Insurance Toll-free:
1-800-669-8477
Mailing Address:
Department of Veterans Affairs
Regional Office and Insurance Center
P.O. Box 7208
Philadelphia, PA 19101
Beneficiary Information
Below is some information that should help you
complete the beneficiary portion of your VALife
application:
• You may name as beneficiary(ies) any
person, firm, corporation, or other legal
entity, including your estate. A state court
order or divorce decree cannot restrict this
right.
• The phrase “or to survivors” or “strict per
stirpes” refers to how payments will be
made if an eligible beneficiary dies before
you.
• If “or to survivors” is selected, any
deceased beneficiary’s share will go to the
remaining beneficiaries. If “strict per
stirpes” is selected, then any deceased
beneficiary’s share will go to the deceased
beneficiary’s lineal descendants.
• If all principal beneficiaries predecease you
and “or to survivors” is selected, payment
will be made to the contingent beneficiaries.
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• If no beneficiary is listed or if all
beneficiaries (principal and contingent)
predecease you and “pay strict per stirpes”
is not selected, then your policy will be paid
according to the order of precedence stated
in the law which states that the
beneficiaries will be determined in the
following order:
o The surviving spouse of the Veteran.
o The children of the Veteran and
descendants of deceased children
by representation.
o The parents of the Veteran or the
survivors of the parents.
o The duly appointed executor or
administrator of the estate of the
Veteran.
o Other next of kin of the Veteran
entitled under the laws of domicile of
the Veteran at the time of the death
of the Veteran.
Amount of Insurance
You can purchase this insurance in increments
of $10,000, up to $40,000.
Insurance Age and Premium Rates
Your age for eligibility purposes is your current
age at the time of application.
Your “insurance age” for the payment of
premium rates is not always your actual age. If
more than six months have passed since your
last birthday, you are considered one year
older.
Example:
If your birthday is 1/2/93 and you apply for the
insurance 6/30/23, you would be 30 years, 5
months and 29 days old. For insurance
purposes, you would be 30.
If your birthday is 1/2/93 and you apply for the
insurance 7/30/23, you would be 30 years, 6
months and 29 days old. For insurance
purposes, you would be 31.
Take these two steps to find the premium rate
that applies to you:
1. Determine your age for insurance premium
purposes.
2. Use the insurance age and refer to the
table below for premium rates.
Premium Rates
Under VALife, your premiums will never go up.
They are based on your age when you enroll
and the amount of coverage you select. Once
locked in, your premiums will not increase as
you get older.
The table below displays monthly premium
rates by age and coverage amount.
Coverage Amount
Age *
$10,000
$20,000
$30,000
$40,000
18
$10.90
$21.80
$32.70
$43.60
19
$11.10
$22.20
$33.30
$44.40
20
$11.40
$22.80
$34.20
$45.60
21
$11.70
$23.40
$35.10
$46.80
22
$12.10
$24.20
$36.30
$48.40
23
$12.40
$24.80
$37.20
$49.60
24
$12.80
$25.60
$38.40
$51.20
25
$13.20
$26.40
$39.60
$52.80
26
$13.60
$27.20
$40.80
$54.40
27
$14.00
$28.00
$42.00
$56.00
28
$14.40
$28.80
$43.20
$57.60
29
$14.90
$29.80
$44.70
$59.60
30
$15.40
$30.80
$46.20
$61.60
31
$15.90
$31.80
$47.70
$63.60
32
$16.40
$32.80
$49.20
$65.60
33
$17.00
$34.00
$51.00
$68.00
34
$17.60
$35.20
$52.80
$70.40
35
$18.30
$36.60
$54.90
$73.20
36
$18.90
$37.80
$56.70
$75.60
37
$19.60
$39.20
$58.80
$78.40
38
$20.40
$40.80
$61.20
$81.60
39
$21.10
$42.20
$63.30
$84.40
40
$22.00
$44.00
$66.00
$88.00
41
$22.80
$45.60
$68.40
$91.20
4
Coverage Amount
Age *
$10,000
$20,000
$30,000
$40,000
42
$23.70
$47.40
$71.10
$94.80
43
$24.60
$49.20
$73.80
$98.40
44
$25.60
$51.20
$76.80
$102.40
45
$26.60
$53.20
$79.80
$106.40
46
$27.70
$55.40
$83.10
$110.80
47
$28.80
$57.60
$86.40
$115.20
48
$30.00
$60.00
$90.00
$120.00
49
$31.20
$62.40
$93.60
$124.80
50
$32.50
$65.00
$97.50
$130.00
51
$33.90
$67.80
$101.70
$135.60
52
$35.30
$70.60
$105.90
$141.20
53
$36.90
$73.80
$110.70
$147.60
54
$38.40
$76.80
$115.20
$153.60
55
$40.10
$80.20
$120.30
$160.40
56
$41.90
$83.80
$125.70
$167.60
57
$43.70
$87.40
$131.10
$174.80
58
$45.70
$91.40
$137.10
$182.80
59
$47.70
$95.40
$143.10
$190.80
60
$50.00
$100.00
$150.00
$200.00
61
$52.30
$104.60
$156.90
$209.20
62
$54.60
$109.20
$163.80
$218.40
63
$56.90
$113.80
$170.70
$227.60
64
$59.40
$118.80
$178.20
$237.60
65
$62.00
$124.00
$186.00
$248.00
66
$64.80
$129.60
$194.40
$259.20
67
$67.80
$135.60
$203.40
$271.20
68
$70.90
$141.80
$212.70
$283.60
69
$74.40
$148.80
$223.20
$297.60
70
$78.00
$156.00
$234.00
$312.00
71
$81.80
$163.60
$245.40
$327.20
72
$85.80
$171.60
$257.40
$343.20
73
$90.10
$180.20
$270.30
$360.40
74
$94.70
$189.40
$284.10
$378.80
75
$99.50
$199.00
$298.50
$398.00
76
$104.60
$209.20
$313.80
$418.40
77
$109.90
$219.80
$329.70
$439.60
78
$115.60
$231.20
$346.80
$462.40
79
$121.40
$242.80
$364.20
$485.60
80
$127.50
$255.00
$382.50
$510.00
81
$133.80
$267.60
$401.40
$535.20
82
$140.40
$280.80
$421.20
$561.60
83
$147.40
$294.80
$442.20
$589.60
84
$154.70
$309.40
$464.10
$618.80
85
$162.60
$325.20
$487.80
$650.40
86
$171.10
$342.20
$513.30
$684.40
87
$180.40
$360.80
$541.20
$721.60
88
$190.90
$381.80
$572.70
$763.60
89
$202.90
$405.80
$608.70
$811.60
90
$217.00
$434.00
$651.00
$868.00
91
$234.30
$468.60
$702.90
$937.20
92
$256.40
$512.80
$769.20
$1,025.60
93
$287.40
$574.80
$862.20
$1,149.60
94
$337.00
$674.00
$1,011.00
$1,348.00
95
$442.00
$884.00
$1,326.00
$1,768.00
*Please note that coverage is only available to
Veterans over age 80 if they:
1. Apply for a new service-connected condition
prior to the age of 81,
2. Receive a grant for the new service-
connected condition after the age of 81, and
3. Apply within two years of notification of the
grant.