Veteran Affairs offers insurance programs for disabled veterans. They include:
Veterans’ Mortgage Life Insurance (VMLI)
The Veterans’ Mortgage Life Insurance (VMLI) program provides mortgage life insurance to severely disabled veterans and service members. It is designed to pay off home mortgages of disabled veterans and service members in the event of their death.
Service-Disabled Veterans Insurance (SDVI)
If VA has rated you for a service-connected disability, but you are otherwise in good health, you may apply for $10,000 in life insurance coverage at standard insurance rates within two years of the date VA notifies you of the rating.
Supplemental S-DVI
If you carry basic S-DVI coverage and become eligible for a waiver of premiums due to total disability*, you can apply for and be granted additional Supplemental S-DVI of up to $20,000. You have up to one year after being notified of your eligibility for waiver on the basic policy to apply for the Supplemental S-DVI. No waiver of premiums due to total disability can be granted on Supplemental S-DVI coverage.
Veterans Group Life Insurance
If you are a recently discharged veteran, you can convert your Servicemembers Group Life Insurance (SGLI) to lifetime renewable term insurance under the Veterans Group Life Insurance (VGLI) program. You have 120 days from your date of discharge to convert to VGLI. If you are totally disabled* at the time of discharge, you can apply for a free one-year extension of your SGLI.