SERVICE-DISABLED VETERANS INSURANCE (S-DVI)

What is S-DVI?

The Service-Disabled Veterans Insurance (S-DVI) program was established in 1951 to meet the insurance needs of certain veterans with service connected disabilities. S-DVI is available in a variety of permanent plans as well as term insurance. Policies are issued for a maximum face amount of $10,000.

Who Can Apply for S-DVI?

You can apply for S-DVI if you meet the following 4 criteria:

1. You were released from active duty under other than dishonorable conditions on or after April 25, 1951

2. You were rated for a service-connected disability (even if only 0%)

3. You are in good health except for any service-connected conditions 4. You apply within 2 years from the date VA grants your new service-connected disability.

Note: An increase in an existing service-connected disability or the granting of individual unemployability of a previous rated condition does not entitle a veteran to this insurance.

Waiver of Premiums for Totally Disabled Veterans

Under certain conditions, the basic S-DVI policy provides for a waiver of premiums in case of total disability. Policyholders who carry the basic S-DVI coverage and who become eligible for a waiver of premiums due to total disability can apply for and be granted additional Supplemental S-DVI of up to $20,000.

Supplemental S-DVI

The Veterans’ Benefits Act of 1992, provided for $20,000 of supplemental coverage to S-DVI policyholders. Premiums may not be waived on this supplemental coverage. S-DVI policyholders are eligible for this supplemental coverage if:

* They are eligible for a waiver of premiums.
* They apply for the coverage within one year from notice of the grant of waiver.
* are under age 65

How Can I Apply for Supplemental S-DVI?

To apply for Supplemental S-DVI, you must file VA Form 29-0188, Application for Supplemental Service-Disabled Veterans (RH) Life Insurance or send a letter requesting this insurance over your signature. You must apply for the coverage within one year from notice of the grant of waiver of premiums.