April is National Financial Literacy Month, an opportunity to review and upgrade our financial smarts in the quest to build wealth or release ourselves from excessive debts or financial obligations. Ironically, National Financial Literacy Month is here as we face what is, at least for some, the ominous federal income tax filing deadline of April 15.

Although financial literacy is especially important for veterans transitioning from military to civilian life, its relevance extends to veterans of all ages and all circumstances. Understanding and maximizing VA benefits, knowing how to save for retirement, and using sound judgment in purchasing a home are universal concerns.

A crucial area of financial literacy for veterans is choosing the appropriate type of life insurance, an important financial benefit that provides peace of mind to them and their families. VA offers several life insurance options to meet the needs of our Nation’s service members and veterans, such as Servicemembers’ Group Life Insurance (SGLI), Veterans’ Group Life Insurance (VGLI), and VA’s newest offering introduced in 2023—Veterans Affairs Life Insurance (VALife).

Resources and events in many parts of the country will focus on improving the financial well-being of veterans and their families. BVA Happenings will keep readers aware of them as information becomes available throughout the month.