Veterans Mortgage Life Insurance (VMLI) 
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. Find out if you qualify and how to apply and manage your coverage. 

Am I eligible for Veterans Mortgage Life Insurance? 
You may be able to get VMLI if you meet all of the requirements listed below. All of these must be true. You: Have a severe disability that we ve concluded was caused or made worse by your service, and Received a Specially Adapted Housing SAH grant to buy, build, or make changes like installing ramps or widening doorways to a home so you can live more independently , and Have the title of the home , and Have a mortgage on the home , and Are under 70 years old Find out if you qualify for an SAH grant and how to apply 

Who s covered? 
Service members Veterans 

What kind of life insurance benefits can I get with VMLI? 
Up to $200,000 in mortgage life insurance paid directly to the bank or other lender that holds your mortgage. 

Important details about VMLI: 
The money will be paid directly to the bank or other lender that holds your mortgage not to a life insurance beneficiary a person chosen to receive the money from a policy when the insured dies. The amount of coverage will equal the amount you still owe on your mortgage, but won t be more than $200,000. VMLI is a decreasing - term insurance. This means your coverage amount goes down as your mortgage balance goes down. If you pay off your mortgage , your VMLI coverage will end. VMLI has no loan or cash value and it doesn t pay dividends cash payments made to policy holders when the company makes a profit. 

How do I get these benefits? 
First , you ll need to apply for an SAH grant. If you get the SAH grant , your loan guaranty agent will tell you if you qualify for VMLI. If you already have an SAH grant , ask your agent about VMLI. Your agent will help you fill ou

user: What exactly is Veterans mortgage life insurance?

assistant: Veterans mortgage life insurance offers mortgage protection insurance to the families of Veterans with severe service-connected disabilities who made a home that fits their needs.

user: What are the important details i need to learn about VMLI?

assistant: You really should know that the money will be paid directly to the bank or other lender that holds you mortgage and not to a life insurance beneficiary chosen to get the money when you die, the amount of coverage will equal the amount you still owe on your mortgage but will never be more than $200,000, and VMLI is a decreasing - term insurance.

user: How would I be able to get these benefits?

assistant: The very first thing you should do is apply for a SAH grant.

assistant: Would you like to know what happens when you get the SAH grant?

user: No, I do not need to know at this time what happens when I get the SAH grant.

assistant: Do you all ready have an SAH grant?

user: No, I do not have an SAH grant at this time.

user: What needs to be true for me to get a Veterans Mortgage Life Insurance?

assistant: Do you have a severe disability that we have concluded was caused or made worse by your service?

user: No, I do not have a severe disability that was concluded to be caused or made worse by my service.

assistant: Then you are not able to get VMLI at this time.