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.
One question, what is the estimated time that I should apply for my benefits if my military period ends soon?
you ll need to get new coverage quickly .  In some cases , you must act within 120 days of leaving the military to be sure there s no break in your coverage