Veterans who want life insurance will be interested to know that VALife offers whole-life policies for veterans. These policies guarantee acceptance for service-disabled veterans who are age 80 or under. Veterans often ask about their eligibility for these low-cost policies.

At MSM Insurance Agency Inc. in Newark, NJ, we are available to answer questions for veterans or anyone else who needs answers about insurance. Life insurance policies can give you peace of mind about your family’s future financial security. Our staff will explain all the life insurance options veterans can choose and how these choices can fit their needs.

Life Insurance Coverage for Veterans

Veterans under age 80 are eligible for VALife policies as long as their disability has been evaluated – regardless of the rating they receive. There is no time limit to apply for this insurance. You can apply for the insurance online by following the instructions at the VA.gov website.

Veterans over age 81 may also be eligible for VALife if they applied for VA disability before age 81 and received the results of their evaluation after age 81. Those veterans can obtain life insurance through VALife if they apply within two years of receiving their disability evaluation.

With VALife, a veteran will be eligible for up to $40,000 in whole-life coverage. The payment of benefits will be administered in four partial amounts of 10,000. The cash value of these policies starts to add up within two years of the receipt of your application.

Reach Out To Us

Newark, NJ veterans are invited to contact us or to visit our office at MSM Insurance. If you’re a veteran, we want to honor your service to our country. Don’t hesitate to contact us today for assistance with your life insurance needs.