The rate will not increase and the benefits will not decrease. As long as you continue to pay the premium, this very economical insurance stays in force until age 80. Once enrolled, members are covered by a whole life benefit that builds cash value, an accidental death benefit that pays twice the whole life face amount and a motor vehicle accidental death benefit that pays triple the whole life face amount. The rate never goes up and the benefits never go down with coverage renewable for life. If member and spouse are both simultaneously hospitalized due to the same accident, each receives double benefits for up to two years, when under age 65.
Double benefits are also payable for confinement in an intensive care unit of a hospital.
16 Return of Premium Cancer Insurance Plan Any VFW member or spouse who has never been diagnosed with cancer can enroll for this insurance plan. This coverage provides 11 important supplemental benefits to help pay the cost of cancer care in and out of the hospital, including hospital, surgery, radiation, private nursing, and more. If after ten consecutive years you never need to use this coverage, you receive a full refund of all premiums paid. This plan is available to members and spouses age 18-80. Benefits are also paid for ambulance services associated with the CCU or ICU stay.