The VA offers life insurance for Veterans under certain conditions:
1) Those separating from the service may convert their Servicemembers' Group Life Insurance (SGLI) to Veterans' Group Life Insurance (VGLI) for 120 days after release from active duty. With a statement of good health this can be extended one year.
2) Service-Disabled Veterans' Life Insurance (S-DVI) provides life insurance to Veterans who have been given a VA rating for a new service-connected disability in the last two years. Totally disabled veterans can get free coverage.
3) Disabled Veterans who have qualified for a VA Specially Adapted Housing (SAH) grant may obtain Veterans' Mortgage Life Insurance (VMLI).
Unfortunately, the VA does not offer coverage to Veterans who do not meet these parameters.
The VA does offer life insurance for Veterans, but there are narrow guidelines as to who can get it. If you are currently retiring from active service, you must apply to change your SGLI to VGLI within 120 days (you can wait one year longer with evidence of good health). You can also get Veterans Group Life Insurance if you are a member of the Individual Ready Reserve or Inactive National Guard, or were disabled as a result of such service.
Yes, My uncle was raved with Agent Orange in the Vietnam War and recently purchased $250,000 from them for around $600 per month. it is very expensive but he is 65 with multiple serious conditions. This is also a policy underwriten by TransAmerica. There would not be any other company who would have took this on.
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1) Those separating from the service may convert their Servicemembers' Group Life Insurance (SGLI) to Veterans' Group Life Insurance (VGLI) for 120 days after release from active duty. With a statement of good health this can be extended one year.
2) Service-Disabled Veterans' Life Insurance (S-DVI) provides life insurance to Veterans who have been given a VA rating for a new service-connected disability in the last two years. Totally disabled veterans can get free coverage.
3) Disabled Veterans who have qualified for a VA Specially Adapted Housing (SAH) grant may obtain Veterans' Mortgage Life Insurance (VMLI).
Unfortunately, the VA does not offer coverage to Veterans who do not meet these parameters.