National Service Life Insurance Premium Payment and Loan Amendment
VA · va-other · Published 2022-06-10 · Effective 2022-07-11 · 87 FR 35419
Document
Document number
2022-12561
Federal Register citation
87 FR 35419
CFR reference
38 CFR 8
Type
Rule
Action
Final rule.
Category
va-other
Agency
US Department of Veterans Affairs
Publication date
2022-06-10
Effective date
2022-07-11
Abstract
The Department of Veterans Affairs (VA) is amending its National Service Life Insurance (NSLI) regulations to offer Service- Disabled Veterans' Insurance (S-DVI) policyholders the option of remitting premiums for government life insurance coverage only on a monthly or annual basis. VA is also increasing the amount that Veteran policyholders are eligible to borrow against the value of their life insurance policies and to adjust the interest rates charged for fixed- rate loans in certain circumstances.