VA Life Insurance Programs for Veterans and Servicemembers

VA Life Insurance Programs for Veterans and Servicemembers

Department of Veterans Affairs Insurance Center Philadelphia, PA March 2018

TABLE OF CONTENTS

I. Insurance Program Mission, Vision, and Goals ......................................... 3

Insurance Mission and Vision....................................................................................4 Administered Insurance Program Goals ....................................................................5

II. Program Information .................................................................................... 7

Life Insurance Facts ...................................................................................................8 History of VA Life Insurance Programs ..................................................................11 Program Administration...........................................................................................13

III. Program Descriptions.................................................................................. 15

Insurance Summary..................................................................................................16 United States Government Life Insurance - USGLI ................................................17 National Service Life Insurance - NSLI ..................................................................19 Veterans' Special Life Insurance - VSLI.................................................................21 Veterans' Reopened Insurance - VRI .......................................................................23 Service-Disabled Veterans Insurance - S-DVI ........................................................25 Veterans' Mortgage Life Insurance -VMLI .............................................................29 Servicemembers' Group Life Insurance -SGLI........................................................32 SGLI Traumatic Injury Protection Program -TSGLI...............................................38 SGLI Family Coverage - FSGLI..............................................................................41 Veterans' Group Life Insurance ?VGLI...................................................................45 Servicemembers' Civil Relief Act (SCRA) .............................................................52

IV. Individual Program Policy Provisions ....................................................... 55

Plans of Insurance ....................................................................................................56 Cost of NSLI "V" Term Insurance For Older Policyholders...................................58 Payment of Premiums ..............................................................................................61 Waiver of Premiums ................................................................................................62 Dividend Options .....................................................................................................63 Guaranteed Values ...................................................................................................66 Policy Loans.............................................................................................................67 Conversions .............................................................................................................. 69 Paid-Up Additional Insurance..................................................................................70 Annual Insurance Policy Statement .........................................................................72 Beneficiary and Option Designations ......................................................................73 Gratuitous S-DVI (Policies Prefixed by "ARH") ....................................................80

V. How To File A Claim or Contact Us .......................................................... 81

Individual Policies....................................................................................................82

VI. How To File A Claim or Contact Us ......................................................... 87

Group Policy ............................................................................................................88

VII. Insurance Information on the Internet ...................................................... 91

VA Insurance Information Available on the Internet ..............................................92

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Insurance Program Mission, Vision, and Goals

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Insurance Mission and Vision

The VA Insurance Mission is to: ? Provide high-value insurance benefits and services to our nation's Veterans, Servicemembers, and their beneficiaries.

The VA Insurance Vision is to be an organization that: ? Provides insurance services that are equal or superior to those provided by private insurance companies; ? Provides these services at a cost competitive with private companies; ? Provides fast, convenient access for our policyholders and beneficiaries; ? Provides customer communications that are fully explained, clear, timely and courteous; and ? Has a stable, diverse, knowledgeable, and satisfied workforce

The VA Insurance Core Values are: The Insurance Program shares VA's five core values that underscore the obligations inherent in our mission: integrity, commitment, advocacy, respect, and excellence. The core values define "who we are," our culture and how we care for Veterans. Our values are more than just words ? they affect outcomes in our daily interactions with Veterans and with each other. The first letter of each word--Integrity, Commitment, Advocacy, Respect, Excellence--creates a powerful acronym, "I CARE," that reminds each Insurance employee of the importance of their role.

These core values come together as five promises we make as individuals and as a program to those we serve. The core characteristics define "what we stand for," and help guide how we will perform our mission. They shape our strategy, guide the execution of our mission, and influence key decisions made within Insurance.

QUESTIONS?

Call us Toll Free: Visit our Website:

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1-800-669-8477 insurance.

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