Veterans'
Reopened Insurance
(World War II and Korean
War)
In 1964, Congress
enacted legislation which provided for a limited one year reopening
of the National Service Life Insurance (NSLI) and the Veterans Special Life Insurance (VSLI) programs.
![Photo: Army Rangers aboard landing craft at Normandy, June 6,1944. (Courtesy of Time Life Books,The American Story - World War II)](https://webarchive.library.unt.edu/eot2008/20090114030004im_/http://insurance.va.gov/inForceGliSite/images/brief/rangers.jpg) |
Photo: Army Rangers aboard
landing craft at Normandy, June 6,1944
(Courtesy of Time Life Books, The American Story - World War II,
courtesy Salmander Books, London
|
From May 1, 1965
until May 2, 1966, disabled veterans who had been eligible to obtain
NSLI or VSLI between 1940 and 1956, could once again apply for Government
life insurance. This coverage was available only to disabled veterans.
Approximately 228,000 policies were issued. No term insurance policies
were issued. Today there are still over 41,000 Veterans Reopened
Insurance policies in force. Annual dividends are paid on these policies.
The
maximum face amount of a policy is $10,000. However, this limit does
not include paid-up
additional insurance which can be purchased with the dividends
that are paid annually on these policies. Certain disability
benefits are available under these policies for policyholders
who become totally disabled before their 65th birthday.
Return
to Program Descriptions Page
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