Of course. With the Veterans Group Life Insurance you may be able to keep your life insurance coverage after you leave the military for as long as you continue to pay the premiums.
Yes, I have heard about that. Which conditions do I have to meet to qualify?
Did you have part-time Servicemembers Group Life Insurance as a member of the National Guard or Reserves?
No, I didn't.
Did you have SGLI while you were in the military and you're within 1 year and 120 days of being released from an active-duty period of 31 or more days?
Yes, that I did. All of the above.
In that case you may be able to get VGLI.
I also want more information about how do I obtain these benefits? What happens if I get the SAH grant now?
If you get the SAH grant, your loan guarantee agent will tell you if you qualify for VMLI
What happens if the company makes a profit?
VMLI has no loan or cash value and does not pay dividends in cash payments to policyholders when the company makes a profit.
If you pay your mortgage, what will happen?