A major concern of service members with families is whether they have enough life insurance. It is important to make arrangements for adequate health care insurance for you and your family. Bills for medical care can be devastating without insurance. The Military offers excellent benefits and competitive insurance rates. You'll also receive comprehensive medical and dental … [Read more...]
Monetary Allowance in Lieu of Transportation (MALT)
Monetary Allowance in Lieu of Transportation (MALT) "mileage" is the amount paid when a member and/or the member's family drive to their new duty station, based on the Official Military Table of Distances. MALT is available CONUS and OCONUS. It is figured on a table of miles times the number of travelers and approval is needed before MALT can be paid for more than 2 vehicles. … [Read more...]
Survivor Benefits
Compensation of Survivors of U.S. Military Personnel Applies to Retired Members only when noted Death Gratuity – A $100,000 tax-exempt death gratuity provides immediate cash to meet the needs of survivors. Government Housing or Allowances and Relocation Assistance - Survivors receive rent-free Government housing for up to one year or the tax-free Basic Allowance for Housing … [Read more...]
Service-Disabled Veterans Insurance
The Service-Disabled Veterans Insurance (S-DVI) program was established in 1951 to meet the insurance needs of certain veterans with service connected disabilities. S-DVI is available in a variety of permanent plans as well as term insurance. Policies are issued for a maximum face amount of $10,000. You can apply for S-DVI if you meet the following 4 criteria: You were … [Read more...]
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. VMLI provides up to $90,000 mortgage life insurance payable to the mortgage holder (i.e., a bank or mortgage lender), in the event … [Read more...]