Department of Veterans Affairs
The Insurance Service administers VA's seven in-house Life Insurance programs and oversees the Servicemembers' Group Life Insurance portfolio of four Life Insurance programs. These programs provide over $1.5 trillion dollars of life insurance coverage for 5.5 million Veterans, Servicemembers, and military families. The Insurance Service has policymaking and regulatory responsibility for all VA Life Insurance programs nationwide.
- The position is in the Veterans Benefits Administration's (VBA) Insurance Service. The responsibilities include, but are not limited to: Administering VA's seven in-house Life Insurance programs and overseeing the Servicemembers' Group Life Insurance (SGLI) portfolio of four Life Insurance programs Overseeing claims processing and payments of Government life insurance awards to beneficiaries; processing beneficiary designations, and adjudicating requests for insurance disability benefits Providing recommendations for the reinvestment of trust funds to meet expected future liabilities Formulating and implementing procedures, plans, proposed legislation, and regulations pertaining to VA life insurance programs Meeting with Congressional members and testifying at Congressional hearings as needed to address issues concerning VA life insurance Conducting regular visioning and strategic planning concentrating on new products, services, technology, etc. with industry partners where ideas are exchanged, and initiatives are developed
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