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.
What are the important details i need to learn about VMLI?
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.
How would I be able to get these benefits?