Veterans Mortgage Life Insurance

Find out if you qualify and how to apply and manage your coverage.

Veterans mortgage life insurance. The veterans mortgage life insurance vmli program is designed to provide financial protection to cover eligible veterans home mortgages in the event of death. Veterans mortgage life insurance vmli is a program that provides mortgage life insurance to severely disabled veterans and service members. This mortgage insurance program is administered by the department of veterans affairs. Veterans mortgage life insurance vmli is designed to provide financial protection to cover an eligible veteran s outstanding home mortgage in the event of his her death.

To apply for additional benefits and view your benefit status open an ebenefits premium account. For more information please visit the veterans mortgage life insurance webpage. Veterans mortgage life insurance. In the event of your death.

Veterans mortgage life insurance vmli offers mortgage protection insurance to the families of veterans with severe service connected disabilities who ve adapted a home to fit their needs. Premium calculator vmli premium calculator vmli premiums are based on your age the current balance of your mortgage loan how long you must continue to make mortgage payments until the mortgage is paid off and the amount of vmli coverage. Vmli is decreasing term insurance which reduces as the mortgage balance declines. It provides up to 200 000 mortgage life insurance payable only to the mortgage holder in the event of the veterans or service members death.

Assisting the families of disabled veterans and service members in paying off a mortgage in the untimely event of their death is vmli s main focus. Vmli provides up to 200 000 mortgage life insurance and is payable only to the mortgage holder i e a bank or mortgage lender not to a beneficiary. Veterans mortgage life insurance vmli vmli is available to veterans who received a specially adapted housing grant sah have title to the home and have a mortgage on the home. The amount of coverage will equal the amount of the mortgage still owed but the maximum can never exceed 200 000.

Veterans mortgage life insurance vmli if you have a severe service connected disability that we ve concluded was caused or made worse by your service you may be able to get veterans mortgage life insurance vmli. Servicemembers group life insurance sgli sgli coverage is automatic.