Veterans Get $150 Million Boost: Who Qualifies for VA's Insurance Break
The VA announced on Wednesday that it would introduce the first-ever three-month premium holiday for VGLI policyholders.
The Department of Veterans Affairs (VA) has announced a $150 million boost for hundreds of thousands of veterans, offering them a three-month break on life insurance premiums through a new initiative. The program, dubbed VGLI (Veterans Group Life Insurance), will suspend premiums from November 1, 2026, to January 31, 2027. Over 457,000 veterans are currently enrolled in the program, with each typically saving $330 during this period.
To qualify for the break, a veteran's VGLI coverage must be active on November 1. The VA will apply the three-month holiday automatically, and policyholders won't need to apply or take any further action. Veterans with overdue premiums should pay the outstanding balance to avoid their policy lapsing.
The savings vary based on the age and coverage amount. For instance, a 29-year-old veteran with $500,000 in coverage would save $90, while a 75-year-old with the same coverage could save $5,775. The break does not apply to other VA-related insurance programs like SGLI, Family SGLI, VALife, or Service-Disabled Veterans Insurance.
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