---
kind: "section"
citation: "38 U.S.C. § 1902"
title: "38"
title_heading: "Veterans’ Benefits"
number: "1902"
heading: "Premium rates and policy values"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/38/1902"
units:
  - "Part II — General Benefits"
  - "Chapter 19 — Insurance"
  - "Subchapter I — National Service Life Insurance"
---

# §1902. Premium rates and policy values


Premium rates for [insurance](/usc/38/1901.md?p=1) shall be the net rates based upon the American Experience Table of Mortality and interest at the rate of 3 per centum per annum. All cash, loan, paid-up, and extended values, and all other calculations in connection with [insurance](/usc/38/1901.md?p=1), shall be based upon said American Experience Table of Mortality and interest at the rate of 3 per centum per annum.


## Source credit

(Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1148, § 702; renumbered § 1902, Pub. L. 102–83, § 5(a), Aug. 6, 1991, 105 Stat. 406.)

## Notes

### Editorial Notes

### Prior Provisions

Prior section 1902 was renumbered section 3902 of this title.

Another prior section 1902, Pub. L. 85–857, Sept. 2, 1958, 72 Stat. 1215, related to limitation on types of assistance furnished and veterans otherwise entitled, prior to the general revision of chapter 39 of this title by Pub. L. 91–666. See sections 3902 and 3903 of this title.

### Amendments

1991—Pub. L. 102–83 renumbered section 702 of this title as this section.