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No. Unless you enrolled in the Veterans Group Life Insurance within 1 year and 120 days from separation you are not eligible for VGLI. For those eligible you may apply for VA Life, a limited death benefit plan.
Not typically. The VA offers group and guaranteed acceptance policies. This means they accepts most who apply with no health screening and rates are based on the average risk levels. If you're risk level is lower than that of the average, individual rates will be much lower.
Maybe. If you already have VGLI and receive 100% disability you may qualify for a waiver of premiums.
No. VGLI premiums are paid monthly or deducted directly from your VA disability or pension payments.
No. The VGLI is an Increasing Term policy. This means your rates will increase with each age band you enter.
i.e. 30-34, 35-39, 40-44, 45-49, etc...
No, but depending on why you receive disability and treatment, the condition itself may cause an increase in premiums.
i.e. Disability for PTSD would not automatically disqualify you for individual coverage BUT if you have been hospitalized for PTSD in the past few years, your application may be postponed.
It depends. Everyone's situation is different and each policy type serves its own purpose. Term is typically used to protect temporary debt like a mortgage or student loan. While Whole Life is used for estate planning and final expenses.
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