Beginning in 2023, the VA will be getting into the life insurance business. The new law requires the VA to offer all disabled veterans under age 81 a whole-life policy by that date. The program will be similar to Veterans Group Life Insurance (VGLI); however, veterans must sign up for VGLI within 16 months after leaving the service. The new insurance program will have no such time limit. Policies will be limited to a $40,000 payout for most veterans when the program begins. Home Loans for National Guard Members National Guard members without active-duty service will be eligible to receive a VA home loan beginning in 2021. The new law makes Guard and Reserve members who have at least 90 days of service eligible for the home loan program. Thirty of those days must have been consecutive.