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Comprehensive Life Insurance Solutions for Veterans
At EliLife.com, we understand the unique challenges and needs of our veterans, especially when it comes to securing affordable life insurance. While Veterans Affairs Life Insurance (VALife) offers valuable benefits, we partner with Ethos to provide additional coverage options that ensure comprehensive protection for you and your loved ones.
Understanding VALife
**Eligibility for VALife**
**If you’re age 80 or younger:**
- You’re eligible for VALife if you have a VA service-connected disability rating—even if your rating is 0%.
- There’s no time limit to apply after receiving your disability rating.
**If you’re age 81 or older:**
- You may qualify for VALife if you meet these criteria:
- Before turning 81, you applied for VA disability compensation for a service-connected disability.
- After turning 81, you received a rating for that same disability.
- You apply for VALife within 2 years of being notified of your disability rating.
How to Apply for VALife
You can check your eligibility and apply for VALife online. Each month or year, you’ll pay a premium to maintain your coverage. Your first premium payment must be submitted when you apply.
Benefits of VALife
- **Coverage:** Up to $40,000 in whole life insurance (available in $10,000 increments).
- **Cash Value:** Starts accumulating 2 years after your application is approved.
VALife is a guaranteed acceptance whole life insurance policy. If you meet the eligibility requirements, your application is automatically approved without needing to prove good health. You can keep your coverage for life.
Starting Your Benefits
Full coverage begins 2 years after applying and paying premiums. If you pass away within the 2-year waiting period, your beneficiaries will receive the total premiums paid, plus interest. After the 2-year period, beneficiaries receive the full coverage amount.
Premium Rates
Your premium depends on your age at the time of application and the coverage amount. Premium rates remain constant as long as you maintain your VALife policy. Note that if more than 6 months have passed since your last birthday, you’re considered a year older for premium calculations.
Search for Unclaimed Funds
If you or a loved one might have unclaimed insurance funds from policies under various VA insurance programs, you can search using the following link: Here!
Introducing EliLife.com
While VALife provides essential coverage, it may not always be enough to fully protect your family’s future. That’s where EliLife.com, in partnership with Ethos, comes in. We offer additional life insurance options tailored to meet the specific needs of veterans, ensuring that you have comprehensive coverage beyond what VA benefits provide.
Explore EliLife.com’s offerings today and secure the peace of mind that comes with knowing your loved ones are protected. Visit our website or contact us for more information.
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