"...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,…
"...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 67,880 policies still in force . Annual dividends are paid on these policies. The maximum face amount of a policy is $10,000..."
My dad joined in 1940 before the war started for us.
See https://www.benefits.va.gov/insurance/nsli.asp
"...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 67,880 policies still in force . Annual dividends are paid on these policies. The maximum face amount of a policy is $10,000..."