Vets Share Millions in VA Insurance Dividends

[unhappycamper]

Vets Share Millions in VA Insurance Dividends
January 20, 2009
Department of Veterans Affairs
Peake: Payments “Tangible Evidence” of Nation’s Commitment

WASHINGTON – One million veterans are in line to share $319.8 million in annual insurance dividends during 2009, according to the Department of Veterans Affairs (VA).

“These dividends are tangible evidence of VA’s continuing commitment to safeguard the interests of America’s veterans,” said Secretary of Veterans Affairs Dr. James B. Peake.

VA operates one of the nation’s largest life insurance programs, providing more than $1 trillion in coverage to seven million service members, veterans and family members.

The dividend payments are being sent to an estimated one million holders of VA insurance policies on the anniversary date of their policies. Sent automatically through different payment plans, the amounts vary based on the age of the veteran, the type of insurance, and the length of time the policy has been in force.

The dividends come from the earnings of trust funds into which veterans have paid insurance premiums over the years, and are linked to returns on investments in U.S. government securities.


Rest of article at: http://www.military.com/news/article/one-million-vets-share-320-million-in-va-insurance-dividends.html?col=1186032325324

[Hannah Bell]

1. government trust fund? everyone knows there's no *real* money in government

trust funds.

:>)

[elleng]

2. Joke?

Some of us receive real money each money from government 'trust funds.'

[Hannah Bell]

3. yes, joke. thus the smiley....there's been an influx of folks repeating the

talking points lately...just wanted to get the jab in.