Update to VA life Insureance

Beginning in 2023, the VA will be getting into the life insurance business.

The new law requires the VA to offer all disabled veterans under age 81 a whole-life policy by that date. The program will be similar to Veterans Group Life Insurance (VGLI); however, veterans must sign up for VGLI within 16 months after leaving the service. The new insurance program will have no such time limit.

Policies will be limited to a $40,000 payout for most veterans when the program begins.

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