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OPTION 1: PAY YOUR ANNUAL POLICY PREMIUM IF YOUR DIVIDEND IS LESS THAN YOUR ANNUAL PREMIUM, you’ll receive a bill for the difference.  IF YOUR DIVIDEND IS MORE THAN YOUR POLICY’S ANNUAL

PREMIUM, you’ll have to decide what to do with the money that’s left. You can choose from these options: OPTION 2: BUY PAID-UP ADDITIONAL INSURANCE The insurance you buy with your dividends

is in addition to your basic coverage, and you can buy it at any age. You’ll earn dividends on both your basic coverage and the paid-up additions. With paid-up additions, you can do the

following: * Get more protection for your beneficiaries, AND * Have cash and loan values, AND * Earn dividends, AND * Stop paying premiums OPTION 3: DEPOSIT YOUR DIVIDEND INTO A VA

INTEREST-EARNING ACCOUNT When you deposit your dividend into an interest-earning account at VA, the interest you earn isn’t taxable. You may withdraw money at any time by calling us at

800-669-8477. You can also send us a written request. If you miss a premium payment, we’ll use your dividend (if money is available) to pay one month’s premium. We’ll tell you when we do

this. 2024 INTEREST RATES: * National Service Life Insurance: 2.50% * Veterans’ Reopened Insurance: 2.50% * Veterans’ Special Life Insurance: 1% OPTION 4: REPAY A LOAN OR LIEN If you have a

loan or lien against your policy, you can use your dividends to pay down the amount you owe. OPTION 5: PAY PREMIUMS IN ADVANCE Use your dividends to pay premiums as far in advance as

possible. NOTE: You can’t use this option if your premiums are being paid using one of these payment methods: * Automatic payment by allotment from your retirement pay, OR * Deduction from

VA compensation or pension, OR * Checking account deduction (VAMATIC), OR * Online bill pay that your bank initiates (your bank starts the payment process each time) OPTION 6: RECEIVE

DIVIDENDS IN CASH Every year on your policy anniversary date, you’ll get your dividend in one of these ways: * A direct deposit of money into your bank account, OR * A U.S. Treasury check in

the mail (in limited situations) ------------------------- QUESTIONS ABOUT DIVIDENDS CAN I CHANGE MY DIVIDEND PAYMENT OPTION? Yes. You can change your option any time by calling us at

800-669-8477. We can answer any questions you may have about how the dividend payment options work. NOTE: If you need help deciding which option to choose, you may want to talk with a

financial planner. CAN I CHOOSE MORE THAN ONE PAYMENT OPTION? No. You can use only one dividend payment option for each policy. If you have more than one policy, you can choose different

options for each of them. DO ALL VA LIFE INSURANCE POLICIES PAY DIVIDENDS?  No. In 2024, only these policies pay dividends: * National Service Life Insurance (policies beginning with V) *

Veterans’ Reopened Insurance (policies beginning with J and JR) NOTE: You may have heard rumors about special dividends for other life insurance plans. These rumors are false. We don’t pay

dividends on Servicemembers’ Group Life Insurance (SGLI) or Veterans’ Group Life Insurance (VGLI) coverage. Learn more about the special dividend rumors