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: Good day. I want to learn about the mortgage life insurance for veterans, would be a great help for me.

assistant: Of course. The 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.

user: So, I'm sure there are conditions I need to meet to qualify. Right? Can you tell me what I need to do to qualify?

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

user: Yes, you can say that. Lost both of my legs.

assistant: Did you receive a Specially Adapted Housing grant to buy, build, or make changes like installing ramps or widening doorways to a home so you can live more independently?

user: Yes, I got a grant to install a stair lift.

assistant: Do you have the title of the home?

user: Yes, I hold the title. I literally worked, sweated and bled for it. 

assistant: Do you have a mortgage on the home?

user: Yes. I wasn't born a king, like I said, I had to work for it all and I did.

assistant: Are you under 70 years old?

user: No, I wish I was. I'm 82, can you believe that? I barely can believe it myself.

assistant: Unfortunately you can't get VMLI then. I'm sorry.