Posted on June 27, 2022June 27, 2022 by editorVA services 10K loans in last year for Veterans borrowing from their life insurance policies Corona Virus Updates from VA CDC link for Corona Virus Updates Scroll Down to see the News update . Department of Veterans Affairs VA News Releases VA services 10K loans in last year for Veterans borrowing from their life insurance policies 06/27/2022 11:14 AM EDT The Department of Veterans Affairs has paid out more than $6.7 million across 10,000 loans since mid-May 2021 through Instant Loan Approval, a feature that automates the loan approval process for Veterans.