Veterans’ Mortgage Life Insurance (VMLI)
Insurance that pays towards your mortgage upon your death.  Step 1:  SAH Grant - Issued for building or remodeling a home to adapt for a disability.  Premiums must be paid by Deduction from Comp Benefits.   Step 2:  You must be:  1. An owner of the property (can be joint)  2. Obligated to pay back the mortgage loan   Note: Reverse Mortgages and Home Equity Lines of Credit not covered.  
Step 3:  You must:  1. Use the home as primary residence  2. Apply before age 70.  Maximum coverages $200,000 or mortgage amount (whichever is less).  Proceeds can only be paid to mortgage lender.  If insured dies: Family should not pay off mortgage until VMLI is paid.  Premium calculator available at;

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