as Service Members Group SGLI Life Insurance Get group life insurance while serving.
Regarding Veterans Mortgage Life Insurance (VMLI), what important information should I know to know better 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.