What Is Veterans Mortgage Life Insurance?

  1. 63333 POINTS
    Peggy Mace
    Most of the U.S.
    Veterans Mortgage Life Insurance (VMLI) is life insurance provided to severely disabled veterans.  The program was established in 1971 by the Veterans Administration. The policy consists of decreasing term life insurance up to $150,000 or the amount of the mortgage, whichever is lower. It is available to those who qualify for an SAH (Specially Adapted Housing) grant through the VA.
    Answered on May 10, 2013
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