Has your term policy premium been capped?
As of September 2000, VA will provide paid-up insurance if applicable. If you have NSLI term insurance, renewal age 71 or older, and stop paying premiums on your policies, you will be given a termination dividend to be used to purchase a reduced amount of paid-up insurance. In turn, this will insure you for life. No premium payments are required – the amount of insurance remains level.
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