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Veterans Life Insurance Policy Loans and Cash Surrenders
To be eligible for a loan or cash surrender, you must have a permanent plan issued under one of the following programs:
- National Service Life Insurance (NSLI),
- Veterans' Special Life Insurance (VSLI),
- Service Disabled Veterans Insurance (S-DVI), or
- Veterans Reopened Insurance (VRI).
Variable Interest Rate between 5 to 12 percent with no Upfront Fees or Pre-payment penalties. Maximum Loan Length at maturity. Maximum Loan Amount 100 percent of the policy cash value.
For more information, see the "VA Life Insurance Programs for Veterans and Servicemembers Handbook," topics "Guaranteed Values" and "Policy Loans."
| At maturity | |
| Variable between 5-12% | |
| 100% of the policy reserve value | |
| Annual | |
| None | |
| None |
To apply for a policy loan online please use our "Instant Loan" feature.
You can apply for the cash value by submitting:
- A completed VA Form 29-1546, "Application for Cash Surrender Value or Policy Loan," OR
- A written request stating your wish to surrender the policy for the cash value.
You can apply for a loan by submitting:
- A request for an Instant Loan using your Insurance online account,
- A completed VA Form 29-1546, "Application for Cash Surrender Value or Policy Loan," OR
- A written request for a policy loan specifying the amount desired.
If you have questions:
- Visit the Ask VA (AVA) website website to search Frequently Asked Questions or ask a question on-line
- Call the VA Insurance Center at 1-800-669-8477
- Call 1-800-829-4833, if you are hearing impaired
To apply for VA benefits and services, view your benefit status, and many more services go to www.va.gov and either logon with your eBenefits sign on or use www.Logon.gov to enroll. VA.gov is a one-stop source for information on Department of Defense and Department of Veterans Affairs benefits and services. Veterans, service members and their family members can conduct self-service transactions such as checking compensation and pension claim status information, enrolling in GI Bill, and obtaining copies of civil service preference letters, military records (DD214), and other personal information. For further information visit the VA.gov website.
