VA Life Insurance offers affordable coverage for veterans

The VA Life Insurance program offers affordable coverage for veterans with service-connected disabilities. Eligible veterans can apply anytime within two years of receiving their disability rating, with guaranteed approval and no underwriting required. Benefits include permanent life insurance, with payouts starting two years after enrollment if premiums are paid. The policy guarantees beneficiaries receive the total premiums paid plus interest. Interest rates for 2024 are 2.35% and 3.59% for 2025. Beneficiaries are chosen by the policyholder, ensuring they receive the funds if needed.