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National
Service Life Insurance
(World
War II Program)
The
National Service Life Insurance (NSLI) program was created on
October 8,
1940, to manage the insurance needs of World War II service personnel.
Over 22 million NSLI policies were issued from 1940 until the
program
was closed to new issues on April 25, 1951. Policies were issued
under a variety of permanent plans and as renewable term insurance.
Today there are just over 950,000 policies still in force and the
average age of policyholders is 81 years. Annual dividends are paid
on these
policies. The maximum face amount of a policy is $10,000. However,
this limit does not include paid-up additional insurance which can be purchased with the
annual dividends. Certain disability
benefits are available under these policies for policyholders
who become totally disabled before their 65th birthday.
Return
to Program Descriptions Page
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