Life insurance for veterans is an important issue. Because serving in the military carries many risks, it is difficult to find an affordable life insurance plan from a traditional provider. Fortunately, both active-duty members and veterans have access to some of the best life insurance policies. These plans ensure your family is taken care of in the event of your death. Low-cost life insurance for veterans provides affordable rates and discounts without sacrificing the quality of your plan.
You can apply for veteran life insurance through a private insurance provider, but most veterans get an insurance plan from the Veterans Benefits Administration (VBA). The VBA has unique plans for veterans. For example, if you were injured while serving overseas, you are eligible for completely free life insurance from the VBA.
Low-cost life insurance for veterans is available whether or not you were injured. While you are serving in the military, you are eligible for plans that provide up to $400,000 in coverage. Unlike most other insurance plans, your life insurance changes once you are discharged from service. Veterans still receive generous discounts, ranging from 10 to 15 percent off monthly premiums.
Low-cost life insurance for veterans is available whether or not you were injured. While you are serving in the military, you are eligible for plans that provide up to $400,000 in coverage. Unlike most other insurance plans, your life insurance changes once you are discharged from service. Veterans still receive generous discounts, ranging from 10 to 15 percent off monthly premiums.
Insurance providers commonly offer more extensive coverage for military members. For example, you cannot be excluded from an insurance plan based on your mental health. Other insurance providers also allow you to add family members under your coverage without any extra costs.
A popular veteran life insurance provider is Prudential. Prudential has multiple plans for active duty and retired military members. Most applicants do not need a physical or medical examination, and they are not charged extra or denied coverage for PTSD or similar issues.
Prudential also guarantees lifetime coverage for veterans. In order to qualify, you must apply for coverage after the first year and a half from your discharge date. If you are under 35 years of age, you are eligible for additional savings.
One of the oldest providers of low-cost life insurance for veterans is the American Armed Forces Mutual Aid Association (AAFMAA). AAFMAA is exclusively for veterans. There are multiple plans available, including unique life insurance for older veterans. AAFMAA has some of the most affordable insurance policies for veterans, with most plans costing less than $15 every month.
If you are disabled and searching for affordable veteran insurance, you can get coverage from VA Service-Disabled Veterans Insurance (S-DVI). These plans are either severely discounted or completely free, based on your disability.
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