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