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LoginVA - Life Insurance - Veterans Life Insurance Policy Loans
Program Description
Policyholders who have permanent plans of insurance under one of the programs listed below may borrow up to 94% of the cash value of the policy after it has been in force for one year.
United States Government Life Insurance (USGLI) - USGLI was generally issued to veterans of World War I. This program has been closed to new applicants since 1951.
National Service Life Insurance (NSLI) - NSLI was generally issued to veterans of World War II. This program has been closed to new applicants since 1951.
Veterans?€? Special Life Insurance (VSLI) - VSLI was generally issued to Korean War-era veterans. This program has been closed to new applicants since 1957.
Service Disabled Veterans Insurance (S-DVI) - S-DVI is issued to qualifying veterans who separated from service on or after April 25, 1951, with service-connected disabilities. This program is still open to new issues.
Veterans Reopened Insurance (VRI) - VRI was generally issued to World War II and Korean veterans with service-connected or serious non-service connected disabilities. This program was open only for one year, from May 1965 to May, 1966, and is closed to new applicants.
General Program Requirements
In order to qualify for a life insurance policy loan you must have a permanent plan of insurance issued under one of the following programs:
Loan Terms
Variable Interest Rate between 5-12% with no Upfront Fees or Pre-payment penalties. Maximum Loan Length at maturity. Maximum Loan Amount 94% of the policy reserve value. Annual Payment Frequency.
Application Process
For more information, see the Program Contact Information below.
Contact Information (Register above for free access!)
