Reader question:

What kind of life insurance for veteran of the military is available?

Amber

Good question.

There are several types of life insurance for veteran from the military services which are provided by the US Veteran’s Association, and one of them is the Service-Disabled Veterans Insurance, also called the SDVI. The SDVI is available to veterans who were disabled during their service as a result of something to do with their service in the uniformed services.

Now, this doesn’t apply to all of those who are disabled. In order to receive it, you can’t have health problems other than the one which is related to your service with the military. You also have to make your application within 24 months after the VA determines that you have a service connected disability. This also only applies to people who have finished their active duty after mid year of 1951.

One of the drawbacks for this is that it only provides a guaranteed $10000 in coverage on the face. Some veterans who have a complete disability can also have their premiums waived and be covered for as much as $20000.

take care,

Fashun

Reader question:

What are the benefits of Houston TX term life insurance?

Marge

Good question.

Houston TX term life insurance is cheap and easy to understand. You can purchase it for periods of 10, 15, 20, and 30 years in most cases, and in some cases until a set age. Problems may arise if you come to the end of your policy and still need life insurance, because you’ll probably have to pay more for a renewal.

If you pick level Houston TX term life insurance, then your premiums will stay the same throughout the duration of your term.

There are some ways to get around the drawbacks of the Houston TX term life insurance. Most companies offer a guaranteed conversion for their Houston TX term life insurance policies, so if your nearing the end of the period you purchased and want to convert it to a whole life insurance policy or a universal one, then you can often do this and keep the same premium payment you had before. In many cases, you can do this without having to have a physical, too.

Now, if you aren’t sure you’ll be dead by the time your term life insurance premium period is up, then you can buy a return on premium policy. If you’re still kicking when your policy is over, you get all of the money you paid into it back, and it won’t be taxed.

take care,

Fashun.