Title 38 — Veterans' BenefitsRelease 119-73not60
§1945 Renewal
Title 38 › Part II— GENERAL BENEFITS › Chapter 19— INSURANCE › Subchapter II— UNITED STATES GOVERNMENT LIFE INSURANCE › § 1945
Summary
When a five-year level premium term insurance period ends, the policy must be renewed for another five years at the premium for the insured’s current age and no medical exam is needed, as long as the policy wasn’t converted or lapsed. If the policy did lapse, it can only be reinstated and renewed if the owner applies within five years of the lapse, and the Secretary sets the reinstatement rules.
Full Legal Text
Title 38, §1945
Veterans' Benefits — Source: USLM XML via OLRC
At the expiration of any term period any insurance policy issued on the five-year level premium term plan which has not been exchanged or converted to a permanent plan of insurance and which is not lapsed shall be renewed as level premium term insurance without application for a successive five-year period at the premium rate for the attained age without medical examination. However, renewal shall be effected in cases where the policy is lapsed only if the insured makes application for reinstatement and renewal of the insured’s term policy within five years after the date of lapse, and reinstatement in such cases shall be under the terms and conditions prescribed by the Secretary.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
Amendments
1991—Pub. L. 102–83 renumbered section 745 of this title as this section and substituted “Secretary” for “Administrator”. 1986—Pub. L. 99–576 substituted “the insured’s” for “his”. 1970—Pub. L. 91–291 struck out
Effective Date
provision for renewal of policies, provisions that, in case of lapsed policies, such lapse have occurred within two months before the expiration of the term period, special provisions for the interim period between
July 23, 1953 and
December 31, 1953, and provisions that the section take effect on Sept. 2, 1958, and required that the insurer make application for reinstatement and renewal of his term policy within five years after the date of the lapse.
Statutory Notes and Related Subsidiaries
Effective Date
of 1970 AmendmentAmendment by Pub. L. 91–291 effective June 25, 1970, see section 14(a) of Pub. L. 91–291, set out as a note under section 1317 of this title.
Reference
Citations & Metadata
Citation
38 U.S.C. § 1945
Title 38 — Veterans' Benefits
Last Updated
Apr 5, 2026
Release point: 119-73not60