Veterans Coverage

Veterans Life Insurance Coverage Built for Those Who Served

Veterans have unique insurance options — some through the VA, some through private carriers. We help you understand exactly what you have, what it costs over time, and whether there's a better fit for where you are now.

No medical exam required. Coverage available up to age 85.

VA Burial Benefit

What the VA Provides for Burial

$1,002 VA Burial Allowance Effective October 1, 2025 Source: VA.gov

The VA burial allowance is a one-time benefit that helps cover funeral, burial, and plot costs for eligible veterans. As of October 1, 2025, the VA pays up to $1,002 for burial expenses and an additional $1,002 for the plot if the veteran is not buried in a national cemetery.

For service-connected deaths, the allowance increases to up to $2,000. The VA may also reimburse transportation costs to the final resting place.

Here's the reality: the average funeral in our coverage states costs between $8,000 and $12,000. The VA burial benefit covers a fraction of that — which means most veterans' families are still left with thousands of dollars in out-of-pocket costs. That's exactly the gap that veterans life insurance is designed to fill.

VA Life Insurance

The Two VA Life Insurance Programs

The VA offers two life insurance programs specifically for veterans. Here's an honest look at both — what they offer and what they don't.

VA Program

VGLI

Veterans' Group Life Insurance

  • Term life insurance — coverage for a set period, not your whole life
  • Limited living benefits — terminal illness benefit available, but no accelerated benefit for chronic or critical illness
  • Premiums increase every 5 years as you age — significantly more expensive over time
  • No cash value — you pay premiums but build nothing
  • Coverage up to $500,000
  • No health exam if applied within 240 days of separation
  • Must apply within 1 year and 120 days of leaving service
Learn more at VA.gov →
VA Program

VALife

Veterans Affairs Life Insurance

  • Whole life insurance — covers you for your entire life as long as premiums are paid
  • Premiums never increase — locked in at the rate you start with
  • Builds cash value over time
  • 2-year waiting period — if you pass away in the first 2 years only premiums plus interest are returned, not the full death benefit
  • Only eligible up to age 80
  • No living benefits — death benefit pays to your beneficiary only, nothing accessible while living
  • Available only to veterans with service-connected disabilities
Learn more at VA.gov →
Private Coverage

Private Life Insurance for Veterans — No Waiting. No Exam.

Private life insurance for veterans fills the gaps that VA programs leave behind. Whether VGLI's rising premiums no longer make sense for your budget, or VALife's 2-year waiting period concerns you, private coverage offers a straightforward alternative.

Joe and Denise work with private carriers that offer veterans specialized final expense and burial coverage — designed specifically for where most veterans are in life.

No 2-year waiting period

Your full death benefit is in force from day one — not after a 2-year delay.

No medical exam required

Most veterans qualify with a few health questions — no doctor's visit, no blood draw.

Eligible up to age 85

Unlike VALife which closes at 80, private coverage is available to veterans up to age 85.

Fixed premiums — never increase

Unlike VGLI, your rate is locked in from day one and never goes up as you age.

Builds cash value

Permanent whole life coverage that grows cash value over time, unlike term-based VGLI.

Living benefits included

If you're diagnosed with a terminal illness, you can access up to 50% of your death benefit while still living — to cover medical bills, final expenses, or anything else you need.

Side by Side

How Your Options Compare

Every veteran's situation is different. This table gives you an honest starting point.

VGLI VALife Private Coverage
Policy Type Term Whole Life Whole Life
Premiums Increase every 5 years Fixed for life Fixed for life
Waiting Period None 2 years None
Cash Value No Yes Yes
Medical Exam No (within 240 days) No No
Max Age No limit Age 80 Age 85
Death Benefit Up to $500,000 Up to $40,000 Varies by carrier
Living Benefits Terminal illness only No Yes — up to 50%

Sources: VA.gov VGLI · VA.gov VALife. Private coverage terms vary by carrier and applicant health profile. Speak with Joe or Denise for a personalized comparison.

Common Questions

Questions About Veterans Life Insurance

Yes. Many veterans carry both. VGLI may offer higher coverage amounts at younger ages, while private coverage provides a fixed premium that won't climb as you age. Having both can give you flexibility — higher coverage now through VGLI, and a permanent policy that stays affordable long-term through private coverage.
No — not by a significant margin. The VA currently pays up to $1,002 for burial expenses and $1,002 for a plot for non-service-connected deaths. The average funeral in our coverage states costs between $8,000 and $12,000. The VA burial benefit covers roughly 10–15% of that cost. Veterans life insurance is designed to fill that gap so your family isn't left scrambling.
VGLI premiums increase every 5 years as you age. What starts as an affordable premium in your 40s can become significantly more expensive by your 60s and 70s. Many veterans find that VGLI becomes cost-prohibitive later in life and let it lapse — which is exactly when their family may need that coverage most. Private whole life coverage with a fixed premium avoids this problem entirely.
In most cases, yes. The private veterans coverage we work with uses simplified underwriting — a few health questions, no medical exam. Veterans with high blood pressure, diabetes, COPD, or other common conditions often still qualify. If simplified issue coverage isn't available for your situation, guaranteed issue policies accept virtually all applicants regardless of health, with a 2-year waiting period. We'll tell you honestly what's available before you commit to anything.
We're independent agents, not VA employees. We work with private insurance carriers — not the VA — to find the best fit for each veteran we work with. We don't replace VA benefits; we help veterans understand what they already have, what gaps exist, and whether a private policy makes sense to fill those gaps. There's no pressure and no obligation — just an honest conversation.

You Served. Let's Make Sure Your Family Is Protected.

Get a free, no-pressure quote today. Joe or Denise will walk you through your VA benefits, what private coverage can add, and the options that make sense for your situation — plain language, honest answers.

Get My Free Veterans Quote

Takes about 5 minutes. No commitment required.