Enrollment in the life insurance policy is voluntary for VISTAs. However, unless you execute a waiver, you are automatically covered by life insurance when you begin CNCS training. Coverage is a $19,600 life insurance policy if you are under age 60; $9,800 if you are 60-69; or $4,900 if you are 70 or older. If you elect to receive the life insurance, there is a small premium per pay period that will be deducted directly from the living allowance. Please consult the Terms, Conditions and Benefits for the exact cost of the premium.
See also:
Why do I need to designate a beneficiary?
How many beneficiaries can I designate?
How to Designate a Beneficiary
Can I waive the Life Insurance coverage?
Will I need to pay a premium for the life insurance coverage?
What is the coverage of the life insurance benefit?