38 CFR 8.26 - Renewal of National Service Life Insurance on the 5-year level premium term plan.

prev | next
§ 8.26 Renewal of National Service Life Insurance on the 5-year level premium term plan.

(a) Effective July 23, 1953, all or any part of National Service Life Insurance on the 5-year level premium term plan, in any multiple of $500 and not less than $1,000, which is not lapsed at the expiration of any 5-year term period, shall be automatically renewed without application or medical examination for a successive 5-year period at the applicable level premium term rate for the then attained age of the insured: Provided, That on or after September 1, 1984, National Service Life Insurance “V” 5-year level premium term rates shall not exceed the renewal age 70 term premium rate, or that on or after (the date the regulation is published as final), Veterans Special Life Insurance “RS” five-year level premium term rates shall not exceed the renewal age 70 “RS” term premium rate: Provided further, That in any case in which the insured is shown by satisfactory evidence to be totally disabled at the expiration of the term period of his or her insurance under conditions which would entitle the insured to continued insurance protection but for such expiration, such insurance, if subject to renewal under this paragraph shall be automatically renewed for an additional period of 5 years at the applicable premium rate. The renewal of insurance for any successive 5-year period will become effective as of the day following the expiration of the preceding term period, and the premium for such renewal will be the applicable level premium term rate on that day: Provided further, That no insurance is subject to renewal if the policyholder has exercised the insured's right to change to another plan of insurance.

(Authority: 38 U.S.C. 1905, 1906)

(b) Effective June 25, 1970, a 5-year level premium term policy which lapsed for nonpayment of the premium due and subsequently expired may be renewed subsequently to the expiration of the old term period provided the insured within 5 years of the date of lapse:

(1) Submits written application for reinstatement of the insurance.

(2) Tenders two monthly premiums, one for the month of lapse at the rate for the expired term and the other for the month of reinstatement at the rate for the new term.

(3)

(i) If application for reinstatement is submitted and the premiums tendered within 6 premium months after lapse, including the premium month for which the unpaid premium was due, insurance will be reinstated provided the applicant be in as good health on the date of application and tender of premiums as he was on the last day of the grace period of the premium in default and furnishes satisfactory evidence thereof.

(ii) If application for reinstatement is submitted and the premiums tendered after expiration of the 6-month period mentioned in subdivision (i) of this subparagraph, insurance will be reinstated provided applicant is in good health ( § 8.0) on the date of application and tender of premiums and furnishes satisfactory evidence thereof.

[ 21 FR 6544, Aug. 30, 1956, as amended at 24 FR 21, Jan. 1, 1959; 30 FR 3652, Mar. 19, 1965; 33 FR 365, Jan. 10, 1968; 36 FR 4384, Mar. 5, 1971; 49 FR 34484, Aug. 31, 1984; 54 FR 5931, Feb. 7, 1989. Redesignated and amended at 61 FR 29290, 29293, June 10, 1996. Redesignated at 65 FR 7437, Feb. 15, 2000, and further redesignated at 67 FR 54739, Aug. 26, 2002]

This is a list of United States Code sections, Statutes at Large, Public Laws, and Presidential Documents, which provide rulemaking authority for this CFR Part.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.


United States Code
U.S. Code: Title 38 - VETERANS’ BENEFITS

§ 107 note - Certain service deemed not to be active service

§ 210

§ 701 - Placement of employees in military installations

§ 724

§ 725 - Annual performance plan for political appointees

§ 781

§ 788

§ 797

§ 808

§ 1901 - Definitions

§ 1902 - Premium rates and policy values

§ 1903 - Amount of insurance

§ 1904 - Plans of insurance

§ 1905 - Renewal

§ 1906 - Policy provisions

§ 1907 - Payment or use of dividends

§ 1908 - Premium payments

§ 1909 - Effective date of insurance

§ 1910 - Incontestability

§ 1911 - Forfeiture

§ 1912 - Total disability waiver

§ 1913 - Death before six months’ total disability

§ 1914 - Statutory total disabilities

§ 1915 - Total disability income provision

§ 1916 - Insurance which matured before August 1, 1946

§ 1917 - Insurance maturing on or after August 1, 1946

§ 1918 - Assignments

§ 1919 - National Service Life Insurance appropriation

§ 1920 - National Service Life Insurance Fund

§ 1921 - Extra hazard costs

§ 1922 - Service disabled veterans’ insurance

§ 1922A - Supplemental service disabled veterans’ insurance for totally disabled veterans

§ 1923 - Veterans’ Special Life Insurance

§ 1924 - In-service waiver of premiums

§ 1925 - Limited period for acquiring insurance

§ 1926 - Authority for higher interest rates for amounts payable to beneficiaries

§ 1927 - Authority for higher monthly installments payable to certain annuitants

§ 1928 - Authority for payment of interest on settlements

§ 1929 - Authority to adjust premium discount rates

§ 3101 - Definitions

Title 38 published on 16-May-2018 03:41

The following are ALL rules, proposed rules, and notices (chronologically) published in the Federal Register relating to 38 CFR Part 8 after this date.

  • 2018-04-27; vol. 83 # 82 - Friday, April 27, 2018
    1. 83 FR 18421 - Eligibility for Supplemental Service-Disabled Veterans' Insurance
      GPO FDSys XML | Text
      DEPARTMENT OF VETERANS AFFAIRS
      Final rule.
      This rule is effective May 29, 2018.
      38 CFR Part 8