VA extends deadlines for life insurance
Last updated 4/6/2021 at 3:21pm
Nobody wants to think about it, but the need for life insurance is a fact of life. And now the cost of life insurance for veterans is dropping, opening the door for more of us to be able to afford it.
After separation, we’ve had 240 days to apply and hand over the initial premium to transfer from Servicemembers’ Group Life Insurance to Veterans’ Group Life Insurance without having to provide proof of good health. After that deadline we had one year plus 120 days to file and pay, but needed to submit proof of good health in the form of a questionnaire about our medical conditions.