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Life insurance for disabled veterans Form: What You Should Know
The cost is approximately 6.50 per month. The coverage expires on the date of the Veteran's death, in this case, March 29, 2021. You have to be a member of the Armed Forces, a Veteran receiving disability under chapter 38 of the Uniformed and Overseas Citizens Absentee Voting Act, a disabled Veteran who is the beneficiary of any other federal retirement, annuity, or pension plan, and a Veteran who has served on active duty in the active reserve or National Guard for at least 30 days in support of a combatant or contingency operation in a war or armed conflict. Eligibility. Veterans who are members of the Armed Forces of the United States may apply for S-DVI. Veterans receiving VA disability compensation for physical disabilities incurred as the result of Service in a Service recognized by the Department of Veterans Affairs are not eligible. However, a Veteran who is the beneficiary of more than one service- recognized disability benefit is eligible. Eligibility. Veterans may apply for S-DVI by following the instructions provided. S-DVI coverage begins the day of the Veteran's death, March 29, 2021. You must have had the greatest possible service, and you must have been receiving disability compensation for physical disabilities incurred as a result of the actual service. Your service must reflect service within the last 10 years, active duty service within the last 25 years, and/or receipt of VA disability compensation. Eligibility. Veterans must sign and date the Application for Service-Disabled Veterans Insurance. You may not use the Application as a substitute for the VA Form 29-4210, Application for Insurance and Benefits, and the VA Form 29-4364, Application for Service-Disabled Veterans Insurance. Eligibility. Veterans who are not members of the Armed Forces or Veterans receiving VA disability compensation are not eligible. Benefits. S-DVI coverage is not taxable, is payable solely by installments, and is guaranteed for the life of the Veteran. Coverage. S-DVI covers: All of your Life Insurance Income; All Benefits Paid; and All Taxes For an individual, coverage is extended for an unlimited amount. Coverage. S-DVI cannot replace any other insurance coverage. S-DVI does not allow members of the Armed Forces to use an insurance company other than one authorized by the Department of Veterans Affairs. Benefits. The S-DVI benefits are: 1. A Guaranteed Income Supplement; 2. Disability Compensation; 3. In-Service Death Benefit; 4.
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