Government Life Insurance for Disabled Veterans

Buying affordable government life insurance for disabled veterans assures that family members will be financially protected after you’re gone. However, finding life insurance as a disabled veteran can be difficult. Fortunately, there are multiple options to consider when looking for life insurance for disabled veterans. Learning more about government life insurance for disabled veterans will help you find the right plan.

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Rachael Brennan has been working in the insurance industry since 2006 when she began working as a licensed insurance representative for 21st Century Insurance, during which time she earned her Property and Casualty license in all 50 states. After several years she expanded her insurance expertise, earning her license in Health and AD&D insurance as well. She has worked for small health in...

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Benjamin Carr was a licensed insurance agent in Georgia and has two years' experience in life, health, property and casualty coverage. He has worked with State Farm and other risk management firms. He is also a strategic writer and editor with a background in branding, marketing, and quality assurance. He has been in military newsrooms — literally on the frontline of journalism.

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Reviewed by Benji Carr
Former Licensed Life Insurance Agent

UPDATED: Aug 31, 2021

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Quick Facts

  • Several factors determine life insurance rates for disabled veterans
  • Disabled veterans can get coverage from the government or private companies
  • USAA has the best life insurance benefits for disabled veterans

Military members are more likely to have long-lasting injuries than the average citizen, making it more difficult to find affordable permanent or term life insurance quotes.

Fortunately, there are life insurance plans specifically for disabled veterans. Knowing the options for government life insurance for disabled veterans will help you find affordable coverage.

Before learning about government life insurance for disabled veterans, enter your ZIP code to get free life insurance quotes in your area.

What government life insurance for disabled veterans is available?

The Department of Veteran Affairs offers life insurance through Service-Disabled Veterans’ Life Insurance (S-DVI). Eligible members can apply or receive claim assistance online or by phone.

Some disabled veterans might not want government-provided life insurance due to current rates or increases as you age. Not all life insurance companies offer coverage to disabled veterans, but some have plans specifically for these customers.

The most popular companies that offer government life insurance quotes for disabled veterans include:

  • Prudential Veterans Group Life Insurance
  • Army & Air Force Mutual Aid Association (AAFMAA)
  • United Services Automobile Association (USAA)
  • Uniformed Services Benefit Association (USBA)
  • Military Benefit Association (MBA)

Of these five companies, Prudential is the only one that offers coverage to non-military members and their families.

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How much is government life insurance for disabled veterans?

Government life insurance rates for disabled veterans differ depending on the individual. Factors that impact life insurance rates include:

  • Age
  • Gender
  • Height and weight
  • Occupation and income
  • Smoker/nonsmoker
  • Current health condition
  • Personal health history
  • Family health history
  • Hobbies and travel

Regardless of these factors, private life insurance rates are lower than the most affordable government life insurance for disabled veterans.

In some cases, disabled veterans might qualify for a waiver of a premium. Most private companies offer this waiver as an option for a small monthly fee.

How do you get the best rates for government life insurance for disabled veterans?

Those looking for better rates than their S-DVI plan can convert to a private life insurance company. As previously mentioned, these companies offer lower rates and more coverage options than the Department of Veterans Affairs.

If you’re currently happy with your S-DVI coverage but are concerned about future rates, you can keep your current coverage until the rates get too high. At that point, you can convert your plan to a private life insurance company.

What is the best company for government life insurance for disabled veterans?

USAA life insurance for veterans is usually the best option for those looking to convert coverage. In addition to providing excellent benefits for disabled veterans, adding children to a policy is more affordable than competitors.

The Insurance Information Institute provides additional tips on how to find the best life insurance company.

What benefits are available from government life insurance for disabled veterans?

S-DVI offers up to $10,000 of base coverage. Veterans that are totally disabled and unable to work can receive up to $30,000 of additional coverage. S-DVI offers nine plans that include term life and permanent life options.

The following chart shows the nine S-DVI plans, whether they feature a cash value, and rate features.

S-DVI Government Life Insurance for Disabled Veterans Coverage Options
PlanCash ValueRate Features
Five-Year Level TermNoRate Increases Every 5 Years
Modified Life at Age 65YesLevel Rates
Modified Life at Age 70YesLevel Rates
Ordinary LifeYesLevel Rates
20-Payment LifeYesLevel Rates for 20 Years
30-Payment LifeYesLevel Rates for 30 Years
20-Year EndowmentYesLevel Rates for 20 Years
Endowment at Age 60YesLevel Rates Up to Age 60
Endowment at Age 65YesLevel Rates Up to Age 65
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Private companies offer more plans and better veterans’ life insurance death benefits. Customers can convert their SGLI policy into a new term life or permanent life policy with these companies.

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Can you receive government life insurance for disabled veterans if you’ve received anything other than an honorable discharge?

Eligibility for customers looking to buy government life insurance for disabled veterans excludes those with a dishonorable discharge. Private companies and S-DVI require applicants to be in good standing when departing the military.

Applicants that left the service with a less-than-honorable discharge might be able to obtain coverage by upgrading their discharge status through the Department of Veterans Affairs.

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Can you convert government life insurance for disabled veterans to an individual policy?

Similar to Veterans Group Life Insurance, S-DVI might not provide enough coverage for you and your family. Disabled veterans have the option of converting their VA life insurance to an individual policy through a private life insurance company.

S-DVI policyholders can convert their policy at any time. In most cases, a government life insurance company for disabled veterans will allow customers to lock in their rates before their health deteriorates further.

Government Life Insurance for Disabled Veterans: The Bottom Line

While the VA offers life insurance, some might prefer private coverage. Converting your policy can provide more policy options and better rates. Understanding government life insurance for disabled veterans will help you find affordable coverage.

Now that you know more about government life insurance for disabled veterans, enter your ZIP code to find free life insurance rates in your area.

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