On the VA website, you can learn more about the level, amount, and scope of coverage if you are disabled after serving your nation.
Veterans’ Mortgage Life Insurance is also available to some military members who have been incapacitated due to their service in the armed forces.
This is only available on current mortgages, homes created by the veteran, or homes rehabilitated with a Specially Adapted Housing (SAH) grant from the VA branch.
At the time of death, up to $200,000 will be paid out based on the mortgage still owed on the properties insured by this type of life insurance for military families.
The VA website is not only a fantastic resource for veterans and current military members, but it is also the place to learn more about insurance options and the numerous discounts available to those who have been in the military.
The website can address some of the most common questions about your coverage and the amount you are entitled to. You can also chat with an agent who will assist you in finding the right policy or learn about the various types and amounts of coverage you may be eligible for based on how long you served and other variables related to your military service.
A service agent can also assist a veteran in learning more about the benefits to which they are entitled, as well as assisting them with the application process if they are unsure where to begin or how to apply for some of the benefits to which they are entitled as a former member of the military.
It’s simply a matter of taking advantage of them, knowing about the discounts, and working with an agent who can help you file for the benefits you’re entitled to as a former member of the armed services.