Home / FAQs / I saw a notice about applying for a special one-time Government Life Insurance dividend. Is there any truth to this?

I saw a notice about applying for a special one-time Government Life Insurance dividend. Is there any truth to this?

No, this is a hoax. Such dividend announcements are part of a recurring problem of misinformation that dates back to 1965. The dividend “hoax”, as we refer to it, had its origins in a special dividend that the Department of Veterans Affairs (VA), then known as the Veterans Administration, did pay to World War II veterans who had National Service Life Insurance policies. Approximately $2.7 billion was paid in 1950 to over 16 million of these veterans under the “1948 special dividend.” Some time in 1965, the special dividend news announcements resurfaced and were mistakenly published by several newspapers.

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